Paltalk Inc
Paltalk, Inc., together with its subsidiaries, develops communications software and multimedia social applications worldwide. It offers consumer applications, which include Paltalk, Camfrog, and Tinychat for live video chat; and owns and operates Vumber, a telecommunications services provider that enables users to have multiple phone numbers in any area code through which calls can be forwarded t… Read more
Paltalk Inc (PALT) - Net Assets
Latest net assets as of September 2024: $17.36 Million USD
Based on the latest financial reports, Paltalk Inc (PALT) has net assets worth $17.36 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($21.68 Million) and total liabilities ($4.31 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 | $17.36 Million |
| % of Total Assets | 80.1% |
| Annual Growth Rate | N/A |
| 5-Year Change | 145.97% |
| 10-Year Change | N/A |
| Growth Volatility | 224.81 |
Paltalk Inc - Net Assets Trend (2004–2023)
This chart illustrates how Paltalk Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Paltalk Inc (2004–2023)
The table below shows the annual net assets of Paltalk Inc from 2004 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $20.13 Million | -- |
| 2022-12-31 | $0.00 | -- |
| 2021-12-31 | $25.05 Million | +154.71% |
| 2020-12-31 | $9.84 Million | +20.15% |
| 2019-12-31 | $8.19 Million | -45.98% |
| 2018-12-31 | $15.15 Million | -13.06% |
| 2017-12-31 | $17.43 Million | -16.37% |
| 2016-12-31 | $20.84 Million | +1353.35% |
| 2015-12-31 | $-1.66 Million | -12.24% |
| 2014-12-31 | $-1.48 Million | -70.48% |
| 2013-12-31 | $-869.06K | -149.35% |
| 2012-12-31 | $1.76 Million | -68.26% |
| 2011-12-31 | $5.55 Million | +734.62% |
| 2010-12-31 | $664.70K | -60.33% |
| 2009-12-31 | $1.68 Million | +9.92% |
| 2008-12-31 | $1.52 Million | +253.30% |
| 2007-12-31 | $431.43K | +236.29% |
| 2006-12-31 | $128.29K | +6022.90% |
| 2005-12-31 | $-2.17K | +91.33% |
| 2004-12-31 | $-24.98K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Paltalk Inc'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 1485958700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $9.86K | 0.05% |
| Other Components | $35.01 Million | 173.88% |
| Total Equity | $20.13 Million | 100.00% |
Paltalk Inc Competitors by Market Cap
The table below lists competitors of Paltalk Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PW Consolidated Bhd
KLSE:7134
|
$11.93 Million |
|
Banswara Syntex Limited
NSE:BANSWRAS
|
$11.94 Million |
|
Celulosa Argentina SA
BA:CELU
|
$11.94 Million |
|
Victory Contents Co.,Ltd.
KQ:210120
|
$11.94 Million |
|
China Evergrande New Energy Vehicle Group Limited
PINK:EVGRF
|
$11.93 Million |
|
READING INTL A DL-01
F:46B
|
$11.93 Million |
|
Premier Polyfilm Limited
NSE:PREMIERPOL
|
$11.93 Million |
|
Autoline Industries Limited
NSE:AUTOIND
|
$11.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Paltalk Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,192,124 to 20,134,687, a change of 18,942,563 (1589.0%).
- Net loss of 1,067,335 reduced equity.
- Share repurchases of 7,213 reduced equity.
- Other factors increased equity by 20,017,111.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.07 Million | -5.3% |
| Share Repurchases | $7.21K | -0.04% |
| Other Changes | $20.02 Million | +99.42% |
| Total Change | $- | 1588.98% |
Book Value vs Market Value Analysis
This analysis compares Paltalk Inc'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: 0.93x
- 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 |
|---|---|---|---|
| 2004-12-31 | $-0.06 | $2.03 | x |
| 2005-12-31 | $0.00 | $2.03 | x |
| 2006-12-31 | $0.18 | $2.03 | x |
| 2007-12-31 | $0.52 | $2.03 | x |
| 2008-12-31 | $1.57 | $2.03 | x |
| 2009-12-31 | $1.81 | $2.03 | x |
| 2010-12-31 | $0.70 | $2.03 | x |
| 2011-12-31 | $5.16 | $2.03 | x |
| 2012-12-31 | $1.60 | $2.03 | x |
| 2013-12-31 | $-0.78 | $2.03 | x |
| 2014-12-31 | $-1.32 | $2.03 | x |
| 2015-12-31 | $-1.47 | $2.03 | x |
| 2016-12-31 | $3.74 | $2.03 | x |
| 2017-12-31 | $2.70 | $2.03 | x |
| 2018-12-31 | $2.25 | $2.03 | x |
| 2019-12-31 | $1.19 | $2.03 | x |
| 2020-12-31 | $1.43 | $2.03 | x |
| 2021-12-31 | $3.21 | $2.03 | x |
| 2022-12-31 | $0.12 | $2.03 | x |
| 2023-12-31 | $2.18 | $2.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Paltalk Inc 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): -5.30%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.72%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.19x
- Recent ROE (-5.30%) is above the historical average (-77.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 0.00% | -24733.66% | 0.00x | 0.00x | $-22.48K |
| 2005 | 0.00% | -54898.82% | 0.00x | 0.00x | $-92.56K |
| 2006 | -457.39% | -637808.70% | 0.00x | 1.85x | $-599.61K |
| 2007 | -212.09% | -215.51% | 0.70x | 1.41x | $-958.14K |
| 2008 | 52.29% | 26.46% | 1.53x | 1.29x | $644.54K |
| 2009 | -6.08% | -3.21% | 1.23x | 1.54x | $-269.47K |
| 2010 | -175.58% | -17.50% | 1.84x | 5.45x | $-1.23 Million |
| 2011 | -65.45% | -18.96% | 1.79x | 1.93x | $-4.19 Million |
| 2012 | -228.90% | -20.94% | 2.75x | 3.97x | $-4.21 Million |
| 2013 | 0.00% | -31.77% | 4.28x | 0.00x | $-3.92 Million |
| 2014 | 0.00% | -12.23% | 4.25x | 0.00x | $-1.51 Million |
| 2015 | 0.00% | -10.80% | 3.38x | 0.00x | $-1.13 Million |
| 2016 | -6.97% | -6.92% | 0.76x | 1.32x | $-3.54 Million |
| 2017 | -33.82% | -23.73% | 1.09x | 1.31x | $-7.64 Million |
| 2018 | -25.06% | -14.41% | 1.08x | 1.61x | $-5.31 Million |
| 2019 | -109.25% | -58.51% | 1.25x | 1.49x | $-9.76 Million |
| 2020 | 13.94% | 10.69% | 0.94x | 1.38x | $387.76K |
| 2021 | 5.29% | 9.98% | 0.46x | 1.15x | $-1.18 Million |
| 2022 | -286.23% | -31.05% | 0.43x | 21.33x | $-3.53 Million |
| 2023 | -5.30% | -9.72% | 0.46x | 1.19x | $-3.08 Million |
Industry Comparison
This section compares Paltalk Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,558,090,989
- Average return on equity (ROE) among peers: -47.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Paltalk Inc (PALT) | $17.36 Million | 0.00% | 0.25x | $11.93 Million |
| Abaxx Technologies Inc (ABXXF) | $42.03 Million | -128.66% | 0.23x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $2.15 Million | -4.58% | 1.86x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $6.67 Billion | 12.49% | 0.51x | $104.01 Billion |
| Adcore Inc (ADCOF) | $9.73 Million | -22.96% | 0.49x | $3.03 Million |
| ADEIA CORP (ADEA) | $618.15 Million | -0.05% | 1.00x | $2.50 Billion |
| Automatic Data Processing Inc (ADP) | $6.19 Billion | 22.71% | 4.21x | $84.26 Billion |
| Autodesk Inc (ADSK) | $2.04 Billion | 12.11% | 1.11x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $445.50K | -270.60% | 3.60x | $0.93 |
| AudioEye Inc (AEYE) | $10.59 Million | -98.53% | 1.31x | $49.31 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.97 |