Issuer Direct Corp
Issuer Direct Corporation operates as a communications and compliance company, provides solutions for both public relations and investor relations professionals in the United States and internationally. The company provides press release distribution, media databases, media monitoring, and newsrooms through media advantage platform; ACCESSWIRE, a news dissemination and media outreach service; and… Read more
Issuer Direct Corp (ISDR) - Net Assets
Latest net assets as of September 2024: $35.26 Million USD
Based on the latest financial reports, Issuer Direct Corp (ISDR) has net assets worth $35.26 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 ($61.72 Million) and total liabilities ($26.46 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 | $35.26 Million |
| % of Total Assets | 57.13% |
| Annual Growth Rate | 10.77% |
| 5-Year Change | 35.71% |
| 10-Year Change | 489.57% |
| Growth Volatility | 103.76 |
Issuer Direct Corp - Net Assets Trend (1995–2023)
This chart illustrates how Issuer Direct 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 Issuer Direct Corp (1995–2023)
The table below shows the annual net assets of Issuer Direct Corp from 1995 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $35.42 Million | +6.61% |
| 2022-12-31 | $33.22 Million | +5.07% |
| 2021-12-31 | $31.62 Million | +12.36% |
| 2020-12-31 | $28.14 Million | +7.82% |
| 2019-12-31 | $26.10 Million | +1.70% |
| 2018-12-31 | $25.66 Million | +94.25% |
| 2017-12-31 | $13.21 Million | +24.89% |
| 2016-12-31 | $10.58 Million | +23.59% |
| 2015-12-31 | $8.56 Million | +42.47% |
| 2014-12-31 | $6.01 Million | +42.85% |
| 2013-12-31 | $4.21 Million | +127.81% |
| 2012-12-31 | $1.85 Million | +52.37% |
| 2011-12-31 | $1.21 Million | +33.48% |
| 2010-12-31 | $907.73K | +224.24% |
| 2009-12-31 | $279.95K | +1562.98% |
| 2008-12-31 | $-19.14K | +95.61% |
| 2007-12-31 | $-435.48K | -89.34% |
| 2001-12-31 | $-230.00K | -221.05% |
| 2000-12-31 | $190.00K | +109.95% |
| 1999-12-31 | $-1.91 Million | -229.93% |
| 1998-12-31 | $1.47 Million | -78.03% |
| 1997-12-31 | $6.69 Million | +128.33% |
| 1996-12-31 | $2.93 Million | +45.05% |
| 1995-12-31 | $2.02 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Issuer Direct 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 1953400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $11.93 Million | 33.69% |
| Common Stock | $4.00K | 0.01% |
| Other Comprehensive Income | $-49.00K | -0.14% |
| Other Components | $23.53 Million | 66.43% |
| Total Equity | $35.42 Million | 100.00% |
Issuer Direct Corp Competitors by Market Cap
The table below lists competitors of Issuer Direct Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
World Houseware (Holdings) Limited
PINK:WHWRF
|
$18.75 Million |
|
Above Food Ingredients Inc. Common Stock
NASDAQ:ABVE
|
$18.76 Million |
|
EA Technique M Bhd
KLSE:5259
|
$18.76 Million |
|
Argosy Minerals Limited
PINK:ARYMF
|
$18.76 Million |
|
Quality & Reliability A.B.E.E
AT:QUAL
|
$18.75 Million |
|
Maybank Securities (Thailand) PCL
BK:MST
|
$18.74 Million |
|
Train Alliance Sweden AB Series B
ST:TRAIN-B
|
$18.74 Million |
|
TGAUF
PINK:TGAUF
|
$18.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Issuer Direct Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 33,223,000 to 35,420,000, a change of 2,197,000 (6.6%).
- Net income of 766,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 47,000.
- Other factors increased equity by 1,384,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $766.00K | +2.16% |
| Other Comprehensive Income | $47.00K | +0.13% |
| Other Changes | $1.38 Million | +3.91% |
| Total Change | $- | 6.61% |
Book Value vs Market Value Analysis
This analysis compares Issuer Direct 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: 1.04x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.10x to 1.04x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $101.50 | $9.65 | x |
| 1996-12-31 | $146.50 | $9.65 | x |
| 1997-12-31 | $335.00 | $9.65 | x |
| 1998-12-31 | $74.00 | $9.65 | x |
| 1999-12-31 | $-95.50 | $9.65 | x |
| 2000-12-31 | $9.50 | $9.65 | x |
| 2001-12-31 | $-11.50 | $9.65 | x |
| 2005-12-31 | $-13.00 | $9.65 | x |
| 2007-12-31 | $-13.00 | $9.65 | x |
| 2008-12-31 | $-0.01 | $9.65 | x |
| 2009-12-31 | $0.16 | $9.65 | x |
| 2010-12-31 | $0.52 | $9.65 | x |
| 2011-12-31 | $0.68 | $9.65 | x |
| 2012-12-31 | $0.91 | $9.65 | x |
| 2013-12-31 | $2.07 | $9.65 | x |
| 2014-12-31 | $2.83 | $9.65 | x |
| 2015-12-31 | $3.32 | $9.65 | x |
| 2016-12-31 | $3.64 | $9.65 | x |
| 2017-12-31 | $4.36 | $9.65 | x |
| 2018-12-31 | $7.41 | $9.65 | x |
| 2019-12-31 | $6.76 | $9.65 | x |
| 2020-12-31 | $7.44 | $9.65 | x |
| 2021-12-31 | $8.28 | $9.65 | x |
| 2022-12-31 | $8.88 | $9.65 | x |
| 2023-12-31 | $9.28 | $9.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Issuer Direct 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): 2.16%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.29%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 1.84x
- Recent ROE (2.16%) is below the historical average (44.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | -29.56% | -5.43% | 1.92x | 2.83x | $-803.00K |
| 1996 | 26.28% | 7.38% | 1.37x | 2.59x | $477.00K |
| 1997 | 51.04% | 51.35% | 0.66x | 1.50x | $2.75 Million |
| 1998 | -343.92% | -189.22% | 0.63x | 2.89x | $-5.24 Million |
| 1999 | 0.00% | 0.00% | 0.00x | 0.00x | $-3.38 Million |
| 2000 | 1094.74% | 0.00% | 0.00x | 3.05x | $2.06 Million |
| 2001 | 0.00% | 0.00% | 0.00x | 0.00x | $-397.00K |
| 2007 | 0.00% | -265.98% | 0.00x | 0.00x | $-104.00K |
| 2008 | 0.00% | -67.57% | 3.65x | 0.00x | $-961.13K |
| 2009 | 97.94% | 14.54% | 4.05x | 1.66x | $246.18K |
| 2010 | 47.31% | 11.12% | 3.58x | 1.19x | $338.63K |
| 2011 | 19.75% | 7.41% | 1.86x | 1.43x | $118.12K |
| 2012 | 16.56% | 7.10% | 1.69x | 1.38x | $121.12K |
| 2013 | 14.95% | 7.11% | 0.95x | 2.20x | $208.00K |
| 2014 | 0.70% | 0.31% | 1.34x | 1.70x | $-558.65K |
| 2015 | 1.69% | 1.24% | 1.04x | 1.31x | $-711.31K |
| 2016 | 14.70% | 12.90% | 0.94x | 1.22x | $497.42K |
| 2017 | 14.16% | 14.82% | 0.75x | 1.28x | $549.90K |
| 2018 | 3.26% | 5.88% | 0.49x | 1.13x | $-1.73 Million |
| 2019 | 2.63% | 4.21% | 0.50x | 1.24x | $-1.92 Million |
| 2020 | 7.48% | 11.37% | 0.53x | 1.24x | $-708.20K |
| 2021 | 10.41% | 15.04% | 0.56x | 1.24x | $129.00K |
| 2022 | 5.82% | 8.22% | 0.35x | 2.00x | $-1.39 Million |
| 2023 | 2.16% | 2.29% | 0.51x | 1.84x | $-2.78 Million |
Industry Comparison
This section compares Issuer Direct Corp'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 |
|---|---|---|---|---|
| Issuer Direct Corp (ISDR) | $35.26 Million | -29.56% | 0.75x | $18.75 Million |
| 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 |