CoinSmart Financial Inc
CoinSmart Financial Inc., a fintech company, operates online crypto asset trading platform in Canada, Europe, and the United States. Its platform provides a secure and intuitive platform for trading crypto assets. CoinSmart Financial Inc. is headquartered in Toronto, Canada.
CoinSmart Financial Inc (SMRT) - Net Assets
Latest net assets as of March 2023: CA$8.78 Million CAD
Based on the latest financial reports, CoinSmart Financial Inc (SMRT) has net assets worth CA$8.78 Million CAD as of March 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$69.78 Million) and total liabilities (CA$61.00 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 | CA$8.78 Million |
| % of Total Assets | 12.58% |
| Annual Growth Rate | 171.47% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 804.93 |
CoinSmart Financial Inc - Net Assets Trend (2020–2022)
This chart illustrates how CoinSmart Financial 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 CoinSmart Financial Inc (2020–2022)
The table below shows the annual net assets of CoinSmart Financial Inc from 2020 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | CA$8.36 Million | -55.51% |
| 2021-12-31 | CA$18.80 Million | +1554.35% |
| 2020-12-31 | CA$1.14 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to CoinSmart Financial 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 1303894800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$20.22 Million | 241.72% |
| Other Components | CA$1.68 Million | 20.09% |
| Total Equity | CA$8.36 Million | 100.00% |
CoinSmart Financial Inc Competitors by Market Cap
The table below lists competitors of CoinSmart Financial Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Plaza Wires Limited
NSE:PLAZACABLE
|
$4.81 Million |
|
MAST ENERGY DEV. LS -001
F:97D
|
$4.81 Million |
|
Pangenomic Health Inc.
F:LL3
|
$4.82 Million |
|
Scandium Canada Ltd
PINK:SCDCF
|
$4.82 Million |
|
Key ASIC Bhd
KLSE:0143
|
$4.81 Million |
|
Centurion Acquisition Corp. Warrant
NASDAQ:ALFUW
|
$4.81 Million |
|
SemiLEDS Corporation
NASDAQ:LEDS
|
$4.81 Million |
|
Silgo Retail Limited
NSE:SILGO
|
$4.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CoinSmart Financial Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 18,799,196 to 8,363,168, a change of -10,436,028 (-55.5%).
- Net loss of 10,962,163 reduced equity.
- Share repurchases of 97,090 reduced equity.
- Other factors increased equity by 623,225.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-10.96 Million | -131.08% |
| Share Repurchases | CA$97.09K | -1.16% |
| Other Changes | CA$623.23K | +7.45% |
| Total Change | CA$- | -55.51% |
Book Value vs Market Value Analysis
This analysis compares CoinSmart Financial 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: 1.58x
- 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 11.69x to 1.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | CA$0.02 | CA$0.22 | x |
| 2021-12-31 | CA$0.31 | CA$0.22 | x |
| 2022-12-31 | CA$0.14 | CA$0.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CoinSmart Financial 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): -131.08%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -87.28%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 6.39x
- Recent ROE (-131.08%) is below the historical average (-28.91%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 55.40% | 17.22% | 0.27x | 11.89x | CA$515.91K |
| 2021 | -11.05% | -14.46% | 0.17x | 4.41x | CA$-3.96 Million |
| 2022 | -131.08% | -87.28% | 0.23x | 6.39x | CA$-11.80 Million |
Industry Comparison
This section compares CoinSmart Financial Inc's net assets metrics with peer companies in the Financial Technology (Fintech) & Infrastructure industry.
No peer company data available for comparison.