Luna Innovations Incorporated
Luna Innovations Incorporated provides fiber optic test, measurement, and control products worldwide. The company offers test and measurement equipment for fiber optic components and sub-assemblies; polarization control products, including components, modules, and instruments to measure, manage, and control polarization and group delay in fiber optic networks; tunable lasers; and single frequency… Read more
Luna Innovations Incorporated (LUNA) - Net Assets
Latest net assets as of September 2023: $94.61 Million USD
Based on the latest financial reports, Luna Innovations Incorporated (LUNA) has net assets worth $94.61 Million USD as of September 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($165.09 Million) and total liabilities ($70.48 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $94.61 Million |
| % of Total Assets | 57.31% |
| Annual Growth Rate | N/A |
| 5-Year Change | 49.79% |
| 10-Year Change | 687.9% |
| Growth Volatility | 102.61 |
Luna Innovations Incorporated - Net Assets Trend (2001–2022)
This chart illustrates how Luna Innovations Incorporated's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Luna Innovations Incorporated (2001–2022)
The table below shows the annual net assets of Luna Innovations Incorporated from 2001 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $93.40 Million | +14.01% |
| 2021-12-31 | $81.92 Million | +10.05% |
| 2020-12-31 | $74.44 Million | +10.34% |
| 2019-12-31 | $67.47 Million | +8.20% |
| 2018-12-31 | $62.35 Million | +25.87% |
| 2017-12-31 | $49.54 Million | +41.17% |
| 2016-12-31 | $35.09 Million | -4.92% |
| 2015-12-31 | $36.91 Million | +94.20% |
| 2014-12-31 | $19.00 Million | +60.31% |
| 2013-12-31 | $11.85 Million | +5.17% |
| 2012-12-31 | $11.27 Million | +5.31% |
| 2011-12-31 | $10.70 Million | +11.32% |
| 2010-12-31 | $9.62 Million | +436.19% |
| 2009-12-31 | $-2.86 Million | -119.98% |
| 2008-12-31 | $14.32 Million | -16.46% |
| 2007-12-31 | $17.14 Million | -22.37% |
| 2006-12-31 | $22.08 Million | +103.39% |
| 2005-12-31 | $10.85 Million | +400.81% |
| 2004-12-31 | $2.17 Million | +170.18% |
| 2002-12-31 | $-3.09 Million | -152.91% |
| 2001-12-31 | $-1.22 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Luna Innovations Incorporated's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 229600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $35.00K | 0.04% |
| Other Comprehensive Income | $-3.62 Million | -3.88% |
| Other Components | $99.29 Million | 106.30% |
| Total Equity | $93.40 Million | 100.00% |
Luna Innovations Incorporated Competitors by Market Cap
The table below lists competitors of Luna Innovations Incorporated ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
INSPIRATION HEA.GR.LS-10
F:LXD1
|
$11.46 Million |
|
Sensei Biotherapeutics Inc
NASDAQ:SNSE
|
$11.47 Million |
|
Strategic Metals Ltd
PINK:SMDZF
|
$11.47 Million |
|
Borealis Exploration Ltd
PINK:BOREF
|
$11.47 Million |
|
FREEPORT RES
F:4XH
|
$11.45 Million |
|
Avant Technologies Inc.
OTCQB:AVAI
|
$11.45 Million |
|
Hurum Co. Ltd.
KQ:353190
|
$11.45 Million |
|
Paz Oil
TA:PZOL
|
$11.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Luna Innovations Incorporated's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 81,923,000 to 93,402,000, a change of 11,479,000 (14.0%).
- Net income of 9,279,000 contributed positively to equity growth.
- Dividend payments of 2,532,000 reduced retained earnings.
- Share repurchases of 359,000 reduced equity.
- Other comprehensive income decreased equity by 3,590,000.
- Other factors increased equity by 8,681,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $9.28 Million | +9.93% |
| Dividends Paid | $2.53 Million | -2.71% |
| Share Repurchases | $359.00K | -0.38% |
| Other Comprehensive Income | $-3.59 Million | -3.84% |
| Other Changes | $8.68 Million | +9.29% |
| Total Change | $- | 14.01% |
Book Value vs Market Value Analysis
This analysis compares Luna Innovations Incorporated's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.17x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $-0.40 | $0.50 | x |
| 2002-12-31 | $-1.07 | $0.50 | x |
| 2004-12-31 | $0.61 | $0.50 | x |
| 2005-12-31 | $2.91 | $0.50 | x |
| 2006-12-31 | $2.67 | $0.50 | x |
| 2007-12-31 | $1.68 | $0.50 | x |
| 2008-12-31 | $1.30 | $0.50 | x |
| 2009-12-31 | $-0.26 | $0.50 | x |
| 2010-12-31 | $0.74 | $0.50 | x |
| 2011-12-31 | $0.67 | $0.50 | x |
| 2012-12-31 | $0.81 | $0.50 | x |
| 2013-12-31 | $0.71 | $0.50 | x |
| 2014-12-31 | $1.28 | $0.50 | x |
| 2015-12-31 | $1.60 | $0.50 | x |
| 2016-12-31 | $1.27 | $0.50 | x |
| 2017-12-31 | $1.80 | $0.50 | x |
| 2018-12-31 | $1.92 | $0.50 | x |
| 2019-12-31 | $2.12 | $0.50 | x |
| 2020-12-31 | $2.28 | $0.50 | x |
| 2021-12-31 | $2.59 | $0.50 | x |
| 2022-12-31 | $2.87 | $0.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Luna Innovations Incorporated utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.93%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.47%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 1.62x
- Recent ROE (9.93%) is above the historical average (3.76%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 0.00% | -15.97% | 3.93x | 0.00x | $-1.11 Million |
| 2002 | 0.00% | -9.96% | 2.31x | 0.00x | $-1.26 Million |
| 2004 | 187.16% | 17.96% | 2.92x | 3.57x | $3.84 Million |
| 2005 | -18.37% | -12.12% | 0.68x | 2.22x | $-3.08 Million |
| 2006 | -42.75% | -40.08% | 0.67x | 1.60x | $-11.65 Million |
| 2007 | -45.81% | -23.30% | 1.03x | 1.90x | $-9.56 Million |
| 2008 | -43.91% | -17.04% | 1.08x | 2.38x | $-7.72 Million |
| 2009 | 0.00% | -59.14% | 1.59x | 0.00x | $-20.16 Million |
| 2010 | -27.25% | -7.59% | 1.51x | 2.38x | $-3.58 Million |
| 2011 | -13.01% | -3.91% | 1.55x | 2.14x | $-2.46 Million |
| 2012 | -12.28% | -4.28% | 1.58x | 1.81x | $-2.51 Million |
| 2013 | -6.00% | -3.22% | 1.12x | 1.66x | $-1.90 Million |
| 2014 | 31.54% | 28.20% | 0.77x | 1.45x | $4.09 Million |
| 2015 | 6.28% | 5.26% | 0.76x | 1.58x | $-1.37 Million |
| 2016 | -6.75% | -4.00% | 1.08x | 1.57x | $-5.88 Million |
| 2017 | 29.50% | 31.61% | 0.70x | 1.34x | $9.66 Million |
| 2018 | 17.65% | 25.64% | 0.57x | 1.21x | $4.77 Million |
| 2019 | 7.92% | 7.58% | 0.81x | 1.28x | $-1.40 Million |
| 2020 | 6.35% | 5.72% | 0.63x | 1.76x | $-2.72 Million |
| 2021 | -1.33% | -1.24% | 0.67x | 1.59x | $-9.28 Million |
| 2022 | 9.93% | 8.47% | 0.73x | 1.62x | $-61.20K |
Industry Comparison
This section compares Luna Innovations Incorporated's net assets metrics with peer companies in the Scientific & Technical Instruments industry.
Industry Context
- Industry: Scientific & Technical Instruments
- Average net assets among peers: $11,768,865,158
- Average return on equity (ROE) among peers: -20.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Luna Innovations Incorporated (LUNA) | $94.61 Million | 0.00% | 0.74x | $11.46 Million |
| Autoscope Technologies Corp (AATC) | $4.38 Million | -1.14% | 0.21x | $31.60 Million |
| Acorn Energy, Inc. Common Stock (ACFN) | $51.95 Million | -32.17% | 0.30x | $23.47 Million |
| Applied Energetics (AERG) | $21.23 Million | 0.00% | 0.11x | $135.01 Million |
| Ainos Inc (AIMD) | $-3.37 Million | 0.00% | 0.00x | $3.44 Million |
| Anritsu Corporation (AITUF) | $117.52 Billion | 7.89% | 0.30x | $957.96 Million |
| Arbe Robotics Ltd (ARBE) | $40.82 Million | -110.67% | 0.83x | $68.16 Million |
| Haber Inc (ASPT) | $-261.09K | 0.00% | 0.00x | $0.95 |
| Attune RTD Inc (AURT) | $-383.55K | 0.00% | 0.00x | $0.93 |
| AERWINS Technologies Inc. (AWIN) | $15.29 Million | -82.06% | 0.80x | $92.43 |
| Badger Meter Inc (BMI) | $44.01 Million | 15.77% | 1.24x | $4.38 Billion |