Desktop Metal Inc
Desktop Metal, Inc. manufactures and sells additive manufacturing technologies for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company offers Shop System, an entry-level metal 3D printing using binder jetting; X-series platform that provides binder jet 3D printing of specialty materials, including metals and ceramics, and to… Read more
Desktop Metal Inc (DM) - Net Assets
Latest net assets as of September 2024: $72.35 Million USD
Based on the latest financial reports, Desktop Metal Inc (DM) has net assets worth $72.35 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 ($273.69 Million) and total liabilities ($201.34 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 | $72.35 Million |
| % of Total Assets | 26.43% |
| Annual Growth Rate | N/A |
| 5-Year Change | 852.25% |
| 10-Year Change | N/A |
| Growth Volatility | 999.46 |
Desktop Metal Inc - Net Assets Trend (2018–2023)
This chart illustrates how Desktop Metal 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 Desktop Metal Inc (2018–2023)
The table below shows the annual net assets of Desktop Metal Inc from 2018 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $241.65 Million | -54.19% |
| 2022-12-31 | $527.50 Million | -57.74% |
| 2021-12-31 | $1.25 Billion | +104.90% |
| 2020-12-31 | $609.25 Million | +2300.81% |
| 2019-12-31 | $25.38 Million | +135856.70% |
| 2018-12-31 | $-18.69K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Desktop Metal 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 163218130700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $33.00K | 0.01% |
| Other Comprehensive Income | $-34.66 Million | -14.34% |
| Other Components | $1.91 Billion | 789.77% |
| Total Equity | $241.65 Million | 100.00% |
Desktop Metal Inc Competitors by Market Cap
The table below lists competitors of Desktop Metal Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Steelcast Limited
NSE:STEELCAS
|
$106.97 Million |
|
Nongshim Holdi
KO:072710
|
$107.03 Million |
|
Hansae Co
KO:105630
|
$107.06 Million |
|
Kuvva Gida Ticaret ve Sanayi Yatirimlari A.S.
IS:KUVVA
|
$107.13 Million |
|
Grupo Empresas Navieras SA
SN:NAVIERA
|
$106.96 Million |
|
Thomas Cook (India) Limited
NSE:THOMASCOOK
|
$106.95 Million |
|
Honat Bancorp Inc
PINK:HONT
|
$106.94 Million |
|
OBI Pharma
TWO:4174
|
$106.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Desktop Metal Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 527,502,000 to 241,652,000, a change of -285,850,000 (-54.2%).
- Net loss of 323,271,000 reduced equity.
- Share repurchases of 250,000 reduced equity.
- Other comprehensive income increased equity by 3,708,000.
- Other factors increased equity by 33,963,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-323.27 Million | -133.78% |
| Share Repurchases | $250.00K | -0.1% |
| Other Comprehensive Income | $3.71 Million | +1.53% |
| Other Changes | $33.96 Million | +14.05% |
| Total Change | $- | -54.19% |
Book Value vs Market Value Analysis
This analysis compares Desktop Metal 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: 0.66x
- 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 |
|---|---|---|---|
| 2018-12-31 | $-0.01 | $4.96 | x |
| 2019-12-31 | $1.69 | $4.96 | x |
| 2020-12-31 | $38.58 | $4.96 | x |
| 2021-12-31 | $47.87 | $4.96 | x |
| 2022-12-31 | $16.76 | $4.96 | x |
| 2023-12-31 | $7.50 | $4.96 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Desktop Metal 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): -133.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -170.41%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 1.90x
- Recent ROE (-133.78%) is below the historical average (-51.74%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.00% | -11734.91% | 3.17x | 0.00x | $-121.34 Million |
| 2019 | -2.19% | -1.61% | 1.05x | 1.30x | $-3.09 Million |
| 2020 | -14.84% | -549.07% | 0.03x | 1.05x | $-151.36 Million |
| 2021 | -19.25% | -213.81% | 0.08x | 1.11x | $-365.17 Million |
| 2022 | -140.35% | -354.19% | 0.28x | 1.43x | $-793.09 Million |
| 2023 | -133.78% | -170.41% | 0.41x | 1.90x | $-347.44 Million |
Industry Comparison
This section compares Desktop Metal Inc's net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $102,165,222,837
- Average return on equity (ROE) among peers: -82.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Desktop Metal Inc (DM) | $72.35 Million | 0.00% | 2.78x | $106.96 Million |
| Acer Incorporated (ACEYY) | $75.03 Billion | -3.88% | 2.02x | $3.26 Billion |
| AGM Group Holdings Inc Class A (AGMH) | $4.25 Million | 55.33% | 1.47x | $2.33 Million |
| AstroNova Inc (ALOT) | $33.90 Million | 8.85% | 0.18x | $49.05 Million |
| Arista Networks (ANET) | $788.15 Million | 15.37% | 0.47x | $138.43 Billion |
| Bgin Blockchain Limited Class A Ordinary Shares (BGIN) | $148.92 Million | 93.81% | 0.29x | $27.14K |
| Braiin Limited Common Stock (BRAI) | $-2.83 Million | 0.00% | 0.00x | $46.37 Million |
| BTC Digital Ltd. (BTCT) | $36.58 Million | -1050.71% | 23.21x | $9.90 Million |
| Canon Inc. (CAJPY) | $945.07 Billion | 3.28% | 1.35x | $24.42 Billion |
| Canaan Inc (CAN) | $543.31 Million | 56.77% | 0.63x | $346.91 Million |
| CCUR Holdings Inc (CCUR) | $-1.50 Million | 0.00% | 0.00x | $6.74 Million |