Sterling Check Corp
Sterling Check Corp. provides technology-enabled background and identity verification services in the United States, Canada, Europe, the Middle East and Africa, and the Asia Pacific. The company offers identity verification services, such as telecom and device verification, identification document verification, facial recognition with biometric matching, social security number verification, and l… Read more
Sterling Check Corp (STER) - Net Assets
Latest net assets as of June 2024: $734.13 Million USD
Based on the latest financial reports, Sterling Check Corp (STER) has net assets worth $734.13 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 ($1.46 Billion) and total liabilities ($729.11 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 | $734.13 Million |
| % of Total Assets | 50.17% |
| Annual Growth Rate | 2.86% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 11.27 |
Sterling Check Corp - Net Assets Trend (2019–2023)
This chart illustrates how Sterling Check 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 Sterling Check Corp (2019–2023)
The table below shows the annual net assets of Sterling Check Corp from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $701.94 Million | -4.71% |
| 2022-12-31 | $736.65 Million | +3.81% |
| 2021-12-31 | $709.62 Million | +21.68% |
| 2020-12-31 | $583.18 Million | -7.00% |
| 2019-12-31 | $627.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sterling Check 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 5116600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $98.00K | 0.01% |
| Other Comprehensive Income | $-5.96 Million | -0.85% |
| Other Components | $894.37 Million | 127.41% |
| Total Equity | $701.94 Million | 100.00% |
Sterling Check Corp Competitors by Market Cap
The table below lists competitors of Sterling Check Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eternal Materials Co Ltd
TW:1717
|
$1.41 Billion |
|
IBF Financial Holdings Co Ltd
TW:2889
|
$1.41 Billion |
|
Arcplus Group PLC
SHG:600629
|
$1.41 Billion |
|
Guangzhou Baiyun International Airport Co Ltd
SHG:600004
|
$1.41 Billion |
|
Huaxi Securities Co Ltd Class A
SHE:002926
|
$1.41 Billion |
|
Fibra Mty S.A.P.I. de C.V.
MX:FMTY14
|
$1.40 Billion |
|
Intercorp Financial Services Inc
NYSE:IFS
|
$1.40 Billion |
|
Zhejiang Huatie Constr Safety
SHG:603300
|
$1.40 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sterling Check Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 736,646,000 to 701,944,000, a change of -34,702,000 (-4.7%).
- Net loss of 116,000 reduced equity.
- Share repurchases of 67,762,000 reduced equity.
- New share issuances of 2,123,000 increased equity.
- Other comprehensive income decreased equity by 1,043,000.
- Other factors increased equity by 32,096,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-116.00K | -0.02% |
| Share Repurchases | $67.76 Million | -9.65% |
| Share Issuances | $2.12 Million | +0.3% |
| Other Comprehensive Income | $-1.04 Million | -0.15% |
| Other Changes | $32.10 Million | +4.57% |
| Total Change | $- | -4.71% |
Book Value vs Market Value Analysis
This analysis compares Sterling Check 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: 2.18x
- 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 2.51x to 2.18x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $6.67 | $16.74 | x |
| 2020-12-31 | $6.21 | $16.74 | x |
| 2021-12-31 | $7.41 | $16.74 | x |
| 2022-12-31 | $7.45 | $16.74 | x |
| 2023-12-31 | $7.66 | $16.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sterling Check 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): -0.02%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.02%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.94x
- Recent ROE (-0.02%) is above the historical average (-3.28%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -7.44% | -9.39% | 0.36x | 2.22x | $-109.39 Million |
| 2020 | -8.97% | -11.52% | 0.34x | 2.26x | $-110.61 Million |
| 2021 | -2.61% | -2.89% | 0.47x | 1.93x | $-89.49 Million |
| 2022 | 2.63% | 2.53% | 0.54x | 1.91x | $-54.25 Million |
| 2023 | -0.02% | -0.02% | 0.53x | 1.94x | $-70.31 Million |
Industry Comparison
This section compares Sterling Check Corp's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $237,144,588
- Average return on equity (ROE) among peers: -85.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sterling Check Corp (STER) | $734.13 Million | -7.44% | 0.99x | $1.41 Billion |
| Automatic Bank Services Limited (ABANF) | $231.37 Million | 16.52% | 0.19x | $269.02 Million |
| ACI Worldwide Inc (ACIW) | $76.50 Million | 16.47% | 0.61x | $4.01 Billion |
| Adyen N.V (ADYYF) | $389.78 Million | 18.29% | 1.92x | $34.24 Billion |
| Aeva Technologies, Inc. Common Stock (AEVA) | $99.35 Million | -153.25% | 0.48x | $418.95 Million |
| Aeva Technologies, Inc. Warrants (AEVAW) | $456.38 Million | -22.32% | 0.05x | $3.74 Million |
| Affluence Corporation (AFFU) | $-639.00K | 0.00% | 0.00x | $3.98K |
| Axe Compute Inc. (AGPU) | $923.68K | -706.52% | 2.04x | $2.86 Million |
| C3 Ai Inc (AI) | $838.30 Million | -34.44% | 0.22x | $1.15 Billion |
| iLearningEngines, Inc. (AILE) | $264.32 Million | 1.83% | 0.09x | $17.39 Million |
| PowerFleet, Inc. (AIOT) | $15.17 Million | 5.61% | 0.31x | $383.57 Million |