SurgePays Inc. Warrant
SurgePays, Inc., together with its subsidiaries, operates as a financial technology and telecom company in the United States. It operates through three segments: Mobile Virtual Network Operators, Comprehensive Platform Services, and Lead Generation. The company offers subsidized and non-subsidized mobile virtual network operators for internet connectivity through mobile broadband services to cons… Read more
SurgePays Inc. Warrant (SURGW) - Net Assets
Latest net assets as of September 2024: $33.28 Million USD
Based on the latest financial reports, SurgePays Inc. Warrant (SURGW) has net assets worth $33.28 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 ($41.50 Million) and total liabilities ($8.22 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 | $33.28 Million |
| % of Total Assets | 80.18% |
| Annual Growth Rate | 43.32% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 237.36 |
SurgePays Inc. Warrant - Net Assets Trend (2006–2023)
This chart illustrates how SurgePays Inc. Warrant's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SurgePays Inc. Warrant (2006–2023)
The table below shows the annual net assets of SurgePays Inc. Warrant from 2006 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $28.40 Million | +454.94% |
| 2022-12-31 | $5.12 Million | +44.12% |
| 2021-12-31 | $3.55 Million | +133.11% |
| 2020-12-31 | $-10.73 Million | -128.23% |
| 2019-12-31 | $-4.70 Million | -136.37% |
| 2018-12-31 | $-1.99 Million | -9.54% |
| 2017-12-31 | $-1.82 Million | 0.00% |
| 2016-12-31 | $-1.82 Million | -199.14% |
| 2015-12-31 | $-606.75K | +31.57% |
| 2014-12-31 | $-886.63K | -6.69% |
| 2013-12-31 | $-831.00K | -8.10% |
| 2012-12-31 | $-768.72K | 0.00% |
| 2011-12-31 | $-768.72K | -168.15% |
| 2010-12-31 | $-286.67K | -87.77% |
| 2009-12-31 | $-152.67K | 0.00% |
| 2008-12-31 | $-152.67K | -3512.59% |
| 2007-12-31 | $-4.23K | -106.76% |
| 2006-12-31 | $62.55K | -- |
Equity Component Analysis
This analysis shows how different components contribute to SurgePays Inc. Warrant'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 1516575000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $14.40K | 0.05% |
| Other Components | $43.42 Million | 153.71% |
| Total Equity | $28.25 Million | 100.00% |
SurgePays Inc. Warrant Competitors by Market Cap
The table below lists competitors of SurgePays Inc. Warrant ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hanna Capital Corp
F:04U1
|
$116.52K |
|
Saxon Capital Group Inc
PINK:SCGX
|
$116.58K |
|
Bexil Investment Trust
PINK:BXSY
|
$116.64K |
|
Wealth Invest HP Invest Lange DK Obl KL
CO:WEIHPILDKOBLKL
|
$116.67K |
|
O.R.T.
TA:ORTC
|
$116.42K |
|
THC Biomed Intl Ltd
PINK:THCBF
|
$116.34K |
|
Blackrock Multi Sector Income Closed Fund
NYSE:BIT
|
$116.31K |
|
Brightstar Lottery PLC
NYSE:BRSL
|
$116.29K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SurgePays Inc. Warrant's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 4,990,718 to 28,249,220, a change of 23,258,502 (466.0%).
- Net income of 20,617,903 contributed positively to equity growth.
- Other factors increased equity by 2,640,599.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $20.62 Million | +72.99% |
| Other Changes | $2.64 Million | +9.35% |
| Total Change | $- | 466.04% |
Book Value vs Market Value Analysis
This analysis compares SurgePays Inc. Warrant'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: 0.00x
- 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 |
|---|---|---|---|
| 2006-12-31 | $220.24 | $0.01 | x |
| 2007-12-31 | $-22.24 | $0.01 | x |
| 2009-12-31 | $-12.71 | $0.01 | x |
| 2010-12-31 | $-20.80 | $0.01 | x |
| 2012-12-31 | $-41.01 | $0.01 | x |
| 2013-12-31 | $-44.34 | $0.01 | x |
| 2014-12-31 | $-47.30 | $0.01 | x |
| 2015-12-31 | $-0.91 | $0.01 | x |
| 2017-12-31 | $-2.03 | $0.01 | x |
| 2018-12-31 | $-1.22 | $0.01 | x |
| 2019-12-31 | $-2.44 | $0.01 | x |
| 2020-12-31 | $-5.03 | $0.01 | x |
| 2021-12-31 | $0.81 | $0.01 | x |
| 2022-12-31 | $0.40 | $0.01 | x |
| 2023-12-31 | $1.89 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SurgePays Inc. Warrant 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): 72.99%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.03%
- • Asset Turnover: 3.27x
- • Equity Multiplier: 1.48x
- Recent ROE (72.99%) is above the historical average (-27.33%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -32.70% | 0.00% | 0.00x | 1.20x | $-26.71K |
| 2007 | 0.00% | 0.00% | 0.00x | 0.00x | $-72.35K |
| 2008 | 0.00% | -12180.55% | 0.03x | 0.00x | $-1.08 Million |
| 2009 | 0.00% | -12180.55% | 0.03x | 0.00x | $-1.08 Million |
| 2010 | 0.00% | -9642.15% | 0.04x | 0.00x | $-1.35 Million |
| 2011 | 0.00% | -31301.29% | 0.73x | 0.00x | $-578.58K |
| 2012 | 0.00% | -31301.29% | 0.73x | 0.00x | $-578.58K |
| 2013 | 0.00% | -4292.76% | 0.52x | 0.00x | $20.81K |
| 2014 | 0.00% | -2966.61% | 0.72x | 0.00x | $33.04K |
| 2015 | 0.00% | -47.16% | 1.08x | 0.00x | $-1.28 Million |
| 2016 | 0.00% | -139.54% | 1.40x | 0.00x | $-4.42 Million |
| 2017 | 0.00% | -139.54% | 1.40x | 0.00x | $-4.42 Million |
| 2018 | 0.00% | -10.11% | 3.73x | 0.00x | $-1.34 Million |
| 2019 | 0.00% | -31.92% | 2.58x | 0.00x | $-7.75 Million |
| 2020 | 0.00% | -31.07% | 7.43x | 0.00x | $-15.83 Million |
| 2021 | -529.30% | -36.81% | 2.62x | 5.49x | $-19.15 Million |
| 2022 | -2.98% | -0.12% | 3.57x | 6.81x | $-647.92K |
| 2023 | 72.99% | 15.03% | 3.27x | 1.48x | $17.79 Million |
Industry Comparison
This section compares SurgePays Inc. Warrant'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 |
|---|---|---|---|---|
| SurgePays Inc. Warrant (SURGW) | $33.28 Million | -32.70% | 0.25x | $116.47K |
| 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 |