Nuvei Corp
Nuvei Corporation provides payment technology solutions to merchants and partners in North America, Europe, the Middle East and Africa, Latin America, and the Asia Pacific. The company's platform enables customers to pay and/or accept payments worldwide regardless of the location, device, or preferred payment method. Its solutions comprise a fully integrated payments engine with global processing… Read more
Nuvei Corp (NVEI) - Net Assets
Latest net assets as of September 2024: $2.10 Billion USD
Based on the latest financial reports, Nuvei Corp (NVEI) has net assets worth $2.10 Billion USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.22 Billion) and total liabilities ($3.13 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 | $2.10 Billion |
| % of Total Assets | 40.13% |
| Annual Growth Rate | 72.64% |
| 5-Year Change | 494.22% |
| 10-Year Change | N/A |
| Growth Volatility | 124.01 |
Nuvei Corp - Net Assets Trend (2018–2023)
This chart illustrates how Nuvei Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Nuvei Corp (2018–2023)
The table below shows the annual net assets of Nuvei Corp from 2018 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $2.04 Billion | +3.27% |
| 2022-12-31 | $1.98 Billion | -2.09% |
| 2021-12-31 | $2.02 Billion | +38.68% |
| 2020-12-31 | $1.46 Billion | +323.78% |
| 2019-12-31 | $344.02 Million | +158.00% |
| 2018-12-31 | $133.34 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nuvei Corp'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 19059200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.97 Billion | 97.21% |
| Other Comprehensive Income | $-43.46 Million | -2.14% |
| Other Components | $324.94 Million | 16.04% |
| Total Equity | $2.03 Billion | 100.00% |
Nuvei Corp Competitors by Market Cap
The table below lists competitors of Nuvei Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Comet Holding AG
SW:COTN
|
$2.22 Billion |
|
Hengdian Group DMEGC Magnetics Co Ltd
SHE:002056
|
$2.22 Billion |
|
Guangdong Fenghua Advanced Technology Holding Co Ltd
SHE:000636
|
$2.22 Billion |
|
The Andersons Inc
NASDAQ:ANDE
|
$2.22 Billion |
|
DELIVEROO PLC
F:926
|
$2.22 Billion |
|
Sunrise Communications AG
NASDAQ:SNRE
|
$2.22 Billion |
|
Corporación Inmobiliaria Vesta S.A.B. de C.V
PINK:VESTF
|
$2.22 Billion |
|
Upstart Holdings Inc
NASDAQ:UPST
|
$2.22 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nuvei Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,968,731,000 to 2,026,317,000, a change of 57,586,000 (2.9%).
- Net loss of 7,835,000 reduced equity.
- Dividend payments of 28,435,074 reduced retained earnings.
- Share repurchases of 56,042,000 reduced equity.
- Other comprehensive income decreased equity by 4,037,000.
- Other factors increased equity by 153,935,074.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-7.83 Million | -0.39% |
| Dividends Paid | $28.44 Million | -1.4% |
| Share Repurchases | $56.04 Million | -2.77% |
| Other Comprehensive Income | $-4.04 Million | -0.2% |
| Other Changes | $153.94 Million | +7.6% |
| Total Change | $- | 2.93% |
Book Value vs Market Value Analysis
This analysis compares Nuvei Corp'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: 2.34x
- 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 32.20x to 2.34x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $1.06 | $33.99 | x |
| 2019-12-31 | $1.34 | $33.99 | x |
| 2020-12-31 | $14.69 | $33.99 | x |
| 2021-12-31 | $13.91 | $33.99 | x |
| 2022-12-31 | $13.61 | $33.99 | x |
| 2023-12-31 | $14.55 | $33.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nuvei Corp 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): -0.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.66%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 2.53x
- Recent ROE (-0.39%) is above the historical average (-7.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -23.22% | -20.68% | 0.26x | 4.33x | $-44.30 Million |
| 2019 | -20.62% | -28.26% | 0.16x | 4.63x | $-103.16 Million |
| 2020 | -7.15% | -27.64% | 0.17x | 1.55x | $-248.59 Million |
| 2021 | 5.09% | 14.12% | 0.21x | 1.72x | $-98.68 Million |
| 2022 | 2.88% | 6.73% | 0.24x | 1.79x | $-140.14 Million |
| 2023 | -0.39% | -0.66% | 0.23x | 2.53x | $-210.47 Million |
Industry Comparison
This section compares Nuvei Corp's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $57,400,889
- Average return on equity (ROE) among peers: -399.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nuvei Corp (NVEI) | $2.10 Billion | -23.22% | 1.49x | $2.22 Billion |
| Automatic Bank Services Limited (ABANF) | $131.86 Million | 11.02% | 0.13x | $269.02 Million |
| ACI Worldwide Inc (ACIW) | $1.20 Million | -2791.67% | 47.83x | $3.94 Billion |
| Adyen N.V (ADYYF) | $245.83 Million | 13.67% | 2.34x | $34.24 Billion |
| Aeva Technologies, Inc. Common Stock (AEVA) | $228.44 Million | -65.37% | 0.13x | $390.34 Million |
| Aeva Technologies, Inc. Warrants (AEVAW) | $99.35 Million | -153.25% | 0.48x | $3.74 Million |
| Affluence Corporation (AFFU) | $-3.56 Million | 0.00% | 0.00x | $3.98K |
| Axe Compute Inc. (AGPU) | $2.64 Million | -979.47% | 3.94x | $2.57 Million |
| C3 Ai Inc (AI) | $-165.43 Million | 0.00% | 0.00x | $1.13 Billion |
| iLearningEngines, Inc. (AILE) | $22.26 Million | -19.80% | 1.11x | $17.39 Million |
| PowerFleet, Inc. (AIOT) | $11.41 Million | -12.13% | 0.13x | $364.77 Million |