LiCycle Holdings Corp
Li-Cycle Holdings Corp. engages in the lithium-ion battery resource recovery and lithium-ion battery recycling business in North America. The company offers a mix of cathode and anode battery materials, including lithium, nickel, and cobalt, as well as graphite, copper, and aluminum; and copper and aluminum metals. It also provides hub products, such as lithium carbonate, cobalt sulphate, nickel … Read more
LiCycle Holdings Corp (LICY) - Net Assets
Latest net assets as of September 2024: $295.30 Million USD
Based on the latest financial reports, LiCycle Holdings Corp (LICY) has net assets worth $295.30 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 ($870.60 Million) and total liabilities ($575.30 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 | $295.30 Million |
| % of Total Assets | 33.92% |
| Annual Growth Rate | 227.78% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 13002.2 |
LiCycle Holdings Corp - Net Assets Trend (2019–2023)
This chart illustrates how LiCycle Holdings 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 LiCycle Holdings Corp (2019–2023)
The table below shows the annual net assets of LiCycle Holdings Corp from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $376.40 Million | 0.00% |
| 2022-12-31 | $376.40 Million | -13.22% |
| 2021-12-31 | $433.72 Million | +30004.26% |
| 2020-12-31 | $1.44 Million | -55.82% |
| 2019-12-31 | $3.26 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to LiCycle Holdings 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 grown by 525297900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $376.40 Million | 100.00% |
| Total Equity | $376.40 Million | 100.00% |
LiCycle Holdings Corp Competitors by Market Cap
The table below lists competitors of LiCycle Holdings Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Primega Group Holdings Limited
NASDAQ:ZDAI
|
$16.90 Million |
|
Openn Negotiation Limited
PINK:OPNNF
|
$16.90 Million |
|
Circio Holding ASA
OL:CRNA
|
$16.90 Million |
|
Anxo Pharmaceutical Co., Ltd.
TWO:6677
|
$16.90 Million |
|
Sino Green Land Corporation
PINK:SGLA
|
$16.89 Million |
|
TPC Mechatronics Corporation
KQ:048770
|
$16.89 Million |
|
Kumpulan Kitacon Berhad
KLSE:5310
|
$16.89 Million |
|
Display Tech Co. Ltd
KQ:066670
|
$16.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in LiCycle Holdings Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 376,400,000 to 376,400,000, a change of 0 (0.0%).
- Net loss of 138,000,000 reduced equity.
- Other comprehensive income increased equity by 300,000.
- Other factors increased equity by 137,700,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-138.00 Million | -36.66% |
| Other Comprehensive Income | $300.00K | +0.08% |
| Other Changes | $137.70 Million | +36.58% |
| Total Change | $- | 0.00% |
Book Value vs Market Value Analysis
This analysis compares LiCycle Holdings 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: 0.40x
- 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.
- The price-to-book ratio has decreased from 42.20x to 0.40x 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 | $0.02 | $0.84 | x |
| 2020-12-31 | $0.01 | $0.84 | x |
| 2021-12-31 | $3.94 | $0.84 | x |
| 2022-12-31 | $2.21 | $0.84 | x |
| 2023-12-31 | $2.12 | $0.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently LiCycle Holdings 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): -36.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -754.10%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 2.35x
- Recent ROE (-36.66%) is above the historical average (-177.45%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -127.61% | -8640.18% | 0.01x | 1.85x | $-4.49 Million |
| 2020 | -680.60% | -1237.69% | 0.07x | 8.44x | $-9.95 Million |
| 2021 | -17.73% | -1042.64% | 0.01x | 1.53x | $-120.27 Million |
| 2022 | -24.63% | -691.89% | 0.02x | 2.35x | $-130.35 Million |
| 2023 | -36.66% | -754.10% | 0.02x | 2.35x | $-175.64 Million |
Industry Comparison
This section compares LiCycle Holdings Corp's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $106,965,087
- Average return on equity (ROE) among peers: -26.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| LiCycle Holdings Corp (LICY) | $295.30 Million | -127.61% | 1.95x | $16.90 Million |
| American Battery Technology Company Common Stock (ABAT) | $-518.99K | 0.00% | 0.00x | $409.20 Million |
| Agilyx AS (AGXXF) | $7.06 Million | -311.75% | 2.48x | $152.59 Million |
| Ambipar Emergency Response (AMBI) | $65.12 Million | 0.00% | 2.26x | $5.74 Million |
| Anaergia Inc (ANRGF) | $7.17 Million | 121.67% | 44.10x | $20.51 Million |
| Aqua Metals Inc (AQMS) | $49.59 Million | -90.33% | 0.40x | $12.07 Million |
| Avalon Holdings Corporation (AWX) | $54.20 Million | 2.21% | 0.23x | $4.90 Million |
| BacTech Environmental Corporation (BCCEF) | $-2.80 Million | 0.00% | 0.00x | $7.36 Million |
| Befesa S.A (BFSAF) | $877.36 Million | 6.61% | 1.22x | $1.39 Billion |
| BluMetric Environmental Inc. (BLMWF) | $6.08 Million | 7.76% | 1.55x | $27.18 Million |
| BQE Water Inc (BTQNF) | $6.41 Million | 3.77% | 0.31x | $25.45 Million |