Silver Spike Investment Corp
Silver Spike Investment Corp., is a a business development company. It is a specialty finance company, focuses on investing across the cannabis ecosystem through investments in the form of direct loans to, and equity ownership of, privately held cannabis companies. It intends to partner with private equity firms, entrepreneurs, business owners, and management teams to provide credit and equity fi… Read more
Silver Spike Investment Corp (SSIC) - Net Assets
Latest net assets as of June 2024: $84.26 Million USD
Based on the latest financial reports, Silver Spike Investment Corp (SSIC) has net assets worth $84.26 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($90.08 Million) and total liabilities ($5.82 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 | $84.26 Million |
| % of Total Assets | 93.54% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1.7 |
Silver Spike Investment Corp - Net Assets Trend (2020–2023)
This chart illustrates how Silver Spike Investment 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 Silver Spike Investment Corp (2020–2023)
The table below shows the annual net assets of Silver Spike Investment Corp from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $85.57 Million | -1.09% |
| 2022-12-31 | $86.51 Million | +2.31% |
| 2021-12-31 | $84.55 Million | +53039.35% |
| 2020-12-31 | $-159.72K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Silver Spike Investment 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 grown by 60898100.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $449.27K | 0.53% |
| Common Stock | $62.15K | 0.07% |
| Other Components | $85.04 Million | 99.40% |
| Total Equity | $85.55 Million | 100.00% |
Silver Spike Investment Corp Competitors by Market Cap
The table below lists competitors of Silver Spike Investment Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Grosvenor CPC I Inc.
V:GRVA-P
|
$116.94K |
|
Lombard Street Capital Corp.
V:LSC-P
|
$117.02K |
|
StoneCo Ltd. Reg.Sh. Cl.A DL-0
STU:0Q0
|
$117.06K |
|
Inhome Prime Properties SOCIMI S.A.
MC:YIPP
|
$117.15K |
|
CEOTRONICS (CEK.SG)
STU:CEK
|
$116.87K |
|
ENBOF
OTCGREY:ENBOF
|
$116.86K |
|
Prim SA
STU:5P1
|
$116.79K |
|
Maj Invest Planet & People
CO:MAJPP
|
$116.76K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Silver Spike Investment Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 86,475,729 to 85,552,618, a change of -923,111 (-1.1%).
- Net income of 7,340,108 contributed positively to equity growth.
- Dividend payments of 8,263,217 reduced retained earnings.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $7.34 Million | +8.58% |
| Dividends Paid | $8.26 Million | -9.66% |
| Other Changes | $-2.00 | -0.0% |
| Total Change | $- | -1.07% |
Book Value vs Market Value Analysis
This analysis compares Silver Spike Investment 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: 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 |
|---|---|---|---|
| 2020-12-31 | $-0.01 | $12.80 | x |
| 2021-12-31 | $96.37 | $12.80 | x |
| 2022-12-31 | $15.58 | $12.80 | x |
| 2023-12-31 | $13.77 | $12.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Silver Spike Investment 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): 8.58%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 62.62%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.04x
- Recent ROE (8.58%) is above the historical average (2.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-942.32K |
| 2021 | -0.67% | -5592.82% | 0.00x | 1.01x | $-9.02 Million |
| 2022 | 1.98% | 42.21% | 0.05x | 1.01x | $-6.94 Million |
| 2023 | 8.58% | 62.62% | 0.13x | 1.04x | $-1.22 Million |
Industry Comparison
This section compares Silver Spike Investment Corp's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $351,111,792
- Average return on equity (ROE) among peers: 0.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Silver Spike Investment Corp (SSIC) | $84.26 Million | 0.00% | 0.07x | $116.89K |
| Aberdeen International Inc (AABVF) | $214.75K | -122.83% | 0.39x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-21.60 Million | 0.00% | 0.00x | $1.37 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.38 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $913.08 Million | 4.10% | 0.03x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $788.86 Million | 18.29% | 0.62x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $190.80 Million | 139.32% | 0.02x | $73.68K |
| AGF Management Limited (AGFMF) | $908.07 Million | 4.67% | 0.50x | $298.43 Million |
| Agronomics Limited (AGNMF) | $157.27 Million | -6.99% | 0.00x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $8.00 Million | -83.04% | 0.47x | $2.71 Million |