Newtek Business Services Corp. 5.50% Notes Due 2026
Newtek Business Services Corp. is a business development company specializing in providing financial and business services to the small-and medium-sized business market in the United States. The firm also seeks to invest in early stage businesses. The firm seeks to makes both debt and equity investments. Under debt investments, it focuses on first lien loans, which have terms of 1 to 25 years; se… Read more
Newtek Business Services Corp. 5.50% Notes Due 2026 (NEWTZ) - Net Assets
Latest net assets as of March 2024: $249.05 Million USD
Based on the latest financial reports, Newtek Business Services Corp. 5.50% Notes Due 2026 (NEWTZ) has net assets worth $249.05 Million USD as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.44 Billion) and total liabilities ($1.19 Billion). 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 | $249.05 Million |
| % of Total Assets | 17.33% |
| Annual Growth Rate | 12.66% |
| 5-Year Change | -22.71% |
| 10-Year Change | 49.65% |
| Growth Volatility | 34.4 |
Newtek Business Services Corp. 5.50% Notes Due 2026 - Net Assets Trend (1999–2023)
This chart illustrates how Newtek Business Services Corp. 5.50% Notes Due 2026's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Newtek Business Services Corp. 5.50% Notes Due 2026 (1999–2023)
The table below shows the annual net assets of Newtek Business Services Corp. 5.50% Notes Due 2026 from 1999 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $249.05 Million | -33.65% |
| 2022-12-31 | $375.36 Million | -7.06% |
| 2021-12-31 | $403.89 Million | +19.02% |
| 2020-12-31 | $339.35 Million | +5.32% |
| 2019-12-31 | $322.23 Million | +12.10% |
| 2018-12-31 | $287.44 Million | +3.28% |
| 2017-12-31 | $278.33 Million | +33.11% |
| 2016-12-31 | $209.09 Million | +2.52% |
| 2015-12-31 | $203.95 Million | +22.55% |
| 2014-12-31 | $166.42 Million | +116.10% |
| 2013-12-31 | $77.01 Million | +11.77% |
| 2012-12-31 | $68.90 Million | +16.19% |
| 2011-12-31 | $59.30 Million | +6.66% |
| 2010-12-31 | $55.59 Million | +2.90% |
| 2009-12-31 | $54.03 Million | -3.66% |
| 2008-12-31 | $56.08 Million | -8.89% |
| 2007-12-31 | $61.55 Million | -25.37% |
| 2006-12-31 | $82.47 Million | -10.90% |
| 2005-12-31 | $92.56 Million | +11.76% |
| 2004-12-31 | $82.82 Million | +70.26% |
| 2003-12-31 | $48.64 Million | +52.26% |
| 2002-12-31 | $31.95 Million | +93.92% |
| 2001-12-31 | $16.47 Million | +22.64% |
| 2000-12-31 | $13.43 Million | -5.72% |
| 1999-12-31 | $14.25 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Newtek Business Services Corp. 5.50% Notes Due 2026'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 grown by 2805100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $28.05 Million | 11.26% |
| Common Stock | $492.00K | 0.20% |
| Other Comprehensive Income | $-148.00K | -0.06% |
| Other Components | $220.65 Million | 88.60% |
| Total Equity | $249.05 Million | 100.00% |
Newtek Business Services Corp. 5.50% Notes Due 2026 Competitors by Market Cap
The table below lists competitors of Newtek Business Services Corp. 5.50% Notes Due 2026 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Taseko Mines Limited
LSE:TKO
|
$239.52K |
|
TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064
NASDAQ:TPGXL
|
$239.58K |
|
INTERFACE
BE:IF6N
|
$239.73K |
|
BCP
BC:BCP
|
$239.86K |
|
APx Acquisition Corp. I Warrant
NASDAQ:APXIW
|
$239.17K |
|
MSCI ACWI exAU/CONSUMER GRTR US
NASDAQ:RWAYL
|
$239.10K |
|
ParcelPal Technology Inc
PINK:PTNYF
|
$238.85K |
|
MITSUBI HEAVY IND
MU:MIH
|
$238.82K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Newtek Business Services Corp. 5.50% Notes Due 2026's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 375,358,000 to 249,046,000, a change of -126,312,000 (-33.7%).
- Net income of 47,329,000 contributed positively to equity growth.
- Dividend payments of 14,147,000 reduced retained earnings.
- Other comprehensive income decreased equity by 148,000.
- Other factors decreased equity by 159,346,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $47.33 Million | +19.0% |
| Dividends Paid | $14.15 Million | -5.68% |
| Other Comprehensive Income | $-148.00K | -0.06% |
| Other Changes | $-159.35 Million | -63.98% |
| Total Change | $- | -33.65% |
Book Value vs Market Value Analysis
This analysis compares Newtek Business Services Corp. 5.50% Notes Due 2026'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: 2.44x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 10.97x to 2.44x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | $2.28 | $24.98 | x |
| 2000-12-31 | $2.40 | $24.98 | x |
| 2001-12-31 | $2.60 | $24.98 | x |
| 2002-12-31 | $5.59 | $24.98 | x |
| 2003-12-31 | $7.69 | $24.98 | x |
| 2004-12-31 | $12.69 | $24.98 | x |
| 2005-12-31 | $12.77 | $24.98 | x |
| 2006-12-31 | $12.48 | $24.98 | x |
| 2007-12-31 | $7.90 | $24.98 | x |
| 2008-12-31 | $7.52 | $24.98 | x |
| 2009-12-31 | $7.35 | $24.98 | x |
| 2010-12-31 | $7.58 | $24.98 | x |
| 2011-12-31 | $8.06 | $24.98 | x |
| 2012-12-31 | $9.10 | $24.98 | x |
| 2013-12-31 | $9.94 | $24.98 | x |
| 2014-12-31 | $15.45 | $24.98 | x |
| 2015-12-31 | $18.94 | $24.98 | x |
| 2016-12-31 | $14.38 | $24.98 | x |
| 2017-12-31 | $16.06 | $24.98 | x |
| 2018-12-31 | $15.36 | $24.98 | x |
| 2019-12-31 | $16.67 | $24.98 | x |
| 2020-12-31 | $16.05 | $24.98 | x |
| 2021-12-31 | $17.72 | $24.98 | x |
| 2022-12-31 | $15.51 | $24.98 | x |
| 2023-12-31 | $10.23 | $24.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Newtek Business Services Corp. 5.50% Notes Due 2026 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): 19.00%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.70%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 5.77x
- Recent ROE (19.00%) is above the historical average (9.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 65.30% | 45.66% | 0.22x | 6.58x | $4.59 Million |
| 2000 | -36.95% | -39.32% | 0.10x | 9.01x | $-4.35 Million |
| 2001 | 8.16% | 3.91% | 0.29x | 7.32x | $-209.59K |
| 2002 | 30.06% | 23.59% | 0.20x | 6.22x | $5.45 Million |
| 2003 | 23.77% | 15.82% | 0.31x | 4.78x | $5.54 Million |
| 2004 | 13.77% | 15.13% | 0.31x | 2.96x | $2.91 Million |
| 2005 | 8.83% | 7.98% | 0.37x | 3.03x | $-1.03 Million |
| 2006 | -2.43% | -2.96% | 0.30x | 2.76x | $-10.83 Million |
| 2007 | -19.83% | -14.24% | 0.36x | 3.85x | $-16.88 Million |
| 2008 | -19.46% | -11.89% | 0.52x | 3.15x | $-15.84 Million |
| 2009 | -0.82% | -0.45% | 0.71x | 2.60x | $-5.67 Million |
| 2010 | 2.65% | 1.29% | 0.68x | 3.04x | $-3.99 Million |
| 2011 | 5.99% | 2.99% | 0.88x | 2.27x | $-2.33 Million |
| 2012 | 8.44% | 4.30% | 0.86x | 2.28x | $-1.04 Million |
| 2013 | 9.99% | 5.51% | 0.69x | 2.64x | $-6.40K |
| 2014 | 2.39% | 3.05% | 0.43x | 1.81x | $-12.67 Million |
| 2015 | 17.52% | 57.30% | 0.18x | 1.74x | $15.34 Million |
| 2016 | 13.06% | 42.52% | 0.16x | 1.92x | $6.40 Million |
| 2017 | 14.00% | 50.91% | 0.15x | 1.87x | $11.14 Million |
| 2018 | 12.41% | 45.92% | 0.12x | 2.27x | $6.93 Million |
| 2019 | 12.77% | 46.33% | 0.11x | 2.47x | $8.91 Million |
| 2020 | 9.91% | 44.85% | 0.09x | 2.48x | $-316.30K |
| 2021 | 20.83% | 56.94% | 0.14x | 2.62x | $43.75 Million |
| 2022 | 8.61% | 30.72% | 0.11x | 2.66x | $-5.22 Million |
| 2023 | 19.00% | 18.70% | 0.18x | 5.77x | $22.42 Million |
Industry Comparison
This section compares Newtek Business Services Corp. 5.50% Notes Due 2026's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $21,537,541,042
- Average return on equity (ROE) among peers: 11.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Newtek Business Services Corp. 5.50% Notes Due 2026 (NEWTZ) | $249.05 Million | 65.30% | 4.77x | $239.51K |
| Arçelik Anonim Sirketi (ACKAF) | $6.92 Billion | 12.19% | 1.96x | $21.37K |
| Argo Group US Inc. 6.5% SR NTS 42 (ARGD) | $1.78 Billion | -0.47% | 4.90x | $237.80K |
| American Crystal Sugar Company PFD REST NON DIV (ASCS) | $350.39 Million | 158.73% | 1.79x | $54.40 Million |
| Autobacs Seven Co. Ltd (ATBSF) | $138.55 Billion | 3.33% | 0.35x | $167.34K |
| Brookfield Asset Management Inc FR PRF PERPETUAL CAD 25 Ser 2 Cls A (BKFAF) | $45.44 Billion | 2.81% | 1.39x | $78.15K |
| Bristol-Myers Squibb Company PFD CONV 2 (BMYMP) | $14.42 Billion | 11.26% | 1.20x | $9.29 Million |
| BOL Bancshares Inc. PFD (BOLBP) | $11.94 Million | 0.62% | 6.68x | $0.94 |
| NYSE LISTED TEST STOCK FOR CTS AND CQS (CBO) | $3.35 Billion | 13.98% | 0.95x | $246.38K |
| Canadian Utilities Limited 2ND PFD SER Y (CNAUF) | $4.37 Billion | 11.86% | 2.07x | $137.52K |
| Central Parking Finance Trust PFD TR CV SECS (CRLKP) | $181.00 Million | -95.58% | 5.28x | $220.55K |