Shift4 Payments Inc 6% PRF CONVERT 01/05/2028 USD 100 - Ser A
Shift4 Payments, Inc. engages in the provision of software and payment processing solutions in the United States and internationally. The company offers payments platform, which provides omni channel card acceptance; and processing solutions across multiple payment types, including credit, debit, contactless card, Europay, MasterCard and Visa, QR Pay, and mobile wallets, as well as alternative pa… Read more
Shift4 Payments Inc 6% PRF CONVERT 01/05/2028 USD 100 - Ser A (FOUR-PA) - Net Assets
Latest net assets as of December 2025: $1.96 Billion USD
Based on the latest financial reports, Shift4 Payments Inc 6% PRF CONVERT 01/05/2028 USD 100 - Ser A (FOUR-PA) has net assets worth $1.96 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($8.71 Billion) and total liabilities ($6.76 Billion). 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 | $1.96 Billion |
| % of Total Assets | 22.46% |
| Annual Growth Rate | 48.75% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 34.15 |
Shift4 Payments Inc 6% PRF CONVERT 01/05/2028 USD 100 - Ser A - Net Assets Trend (2021–2025)
This chart illustrates how Shift4 Payments Inc 6% PRF CONVERT 01/05/2028 USD 100 - Ser A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shift4 Payments Inc 6% PRF CONVERT 01/05/2028 USD 100 - Ser A (2021–2025)
The table below shows the annual net assets of Shift4 Payments Inc 6% PRF CONVERT 01/05/2028 USD 100 - Ser A from 2021 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.96 Billion | +92.30% |
| 2024-12-31 | $1.02 Billion | +17.19% |
| 2023-12-31 | $868.40 Million | +80.69% |
| 2022-12-31 | $480.60 Million | +20.24% |
| 2021-12-31 | $399.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shift4 Payments Inc 6% PRF CONVERT 01/05/2028 USD 100 - Ser A'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 14170000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $1.91 Billion | 132.39% |
| Total Equity | $1.44 Billion | 100.00% |
Shift4 Payments Inc 6% PRF CONVERT 01/05/2028 USD 100 - Ser A Competitors by Market Cap
The table below lists competitors of Shift4 Payments Inc 6% PRF CONVERT 01/05/2028 USD 100 - Ser A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fortress Transportation and Preferred Series B
NASDAQ:FTAIO
|
$2.58 Billion |
|
Metaplanet Inc.
PINK:MTPLF
|
$2.58 Billion |
|
Sichuan Biokin Pharmaceutical Co. Ltd. A
SHG:688506
|
$2.58 Billion |
|
Dr. Ing. h.c. F. Porsche AG
PINK:DRPRF
|
$2.58 Billion |
|
Curbline Properties Corp.
NYSE:CURB
|
$2.57 Billion |
|
Provident Financial Services Inc
NYSE:PFS
|
$2.57 Billion |
|
ASR Microelectronics Co. Ltd. A
SHG:688220
|
$2.57 Billion |
|
Hainan Mining Co Ltd
SHG:601969
|
$2.57 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shift4 Payments Inc 6% PRF CONVERT 01/05/2028 USD 100 - Ser A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 806,600,000 to 1,442,000,000, a change of 635,400,000 (78.8%).
- Net income of 119,000,000 contributed positively to equity growth.
- Dividend payments of 30,000,000 reduced retained earnings.
- Share repurchases of 453,000,000 reduced equity.
- New share issuances of 1,088,000,000 increased equity.
- Other factors decreased equity by 88,600,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $119.00 Million | +8.25% |
| Dividends Paid | $30.00 Million | -2.08% |
| Share Repurchases | $453.00 Million | -31.41% |
| Share Issuances | $1.09 Billion | +75.45% |
| Other Changes | $-88.60 Million | -6.14% |
| Total Change | $- | 78.78% |
Book Value vs Market Value Analysis
This analysis compares Shift4 Payments Inc 6% PRF CONVERT 01/05/2028 USD 100 - Ser A'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: 2.55x
- 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 11.74x to 2.55x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $4.83 | $56.73 | x |
| 2022-12-31 | $6.09 | $56.73 | x |
| 2023-12-31 | $10.48 | $56.73 | x |
| 2024-12-31 | $11.65 | $56.73 | x |
| 2025-12-31 | $22.26 | $56.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shift4 Payments Inc 6% PRF CONVERT 01/05/2028 USD 100 - Ser A 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): 8.25%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.85%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 6.04x
- Recent ROE (8.25%) is below the historical average (10.78%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -17.67% | -3.52% | 0.58x | 8.59x | $-75.48 Million |
| 2022 | 21.62% | 3.77% | 0.78x | 7.35x | $40.37 Million |
| 2023 | 13.16% | 3.35% | 0.76x | 5.19x | $20.67 Million |
| 2024 | 28.51% | 6.90% | 0.66x | 6.25x | $149.34 Million |
| 2025 | 8.25% | 2.85% | 0.48x | 6.04x | $-25.20 Million |
Industry Comparison
This section compares Shift4 Payments Inc 6% PRF CONVERT 01/05/2028 USD 100 - Ser A'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 |
|---|---|---|---|---|
| Shift4 Payments Inc 6% PRF CONVERT 01/05/2028 USD 100 - Ser A (FOUR-PA) | $1.96 Billion | -17.67% | 3.45x | $2.57 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 |