Luda Technology Group Limited
Luda Technology Group Limited, through its subsidiaries, manufactures and trades stainless steel and carbon steel flanges and fittings products. It offers steel flanges, including blind, slip, plate, thread, and welding neck flanges; and steel fittings, such as elbow, reducer, cap, and tee. The company also manufactures and sale of stainless steel and carbon steel flanges, and fittings products; … Read more
Luda Technology Group Limited (LUD) - Net Assets
Latest net assets as of June 2025: $20.83 Million USD
Based on the latest financial reports, Luda Technology Group Limited (LUD) has net assets worth $20.83 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($47.07 Million) and total liabilities ($26.24 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 | $20.83 Million |
| % of Total Assets | 44.26% |
| Annual Growth Rate | -1.16% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 17.73 |
Luda Technology Group Limited - Net Assets Trend (2021–2024)
This chart illustrates how Luda Technology Group Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Luda Technology Group Limited (2021–2024)
The table below shows the annual net assets of Luda Technology Group Limited from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $12.66 Million | -24.38% |
| 2023-12-31 | $16.75 Million | +15.27% |
| 2022-12-31 | $14.53 Million | +10.78% |
| 2021-12-31 | $13.12 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Luda Technology Group Limited'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 7.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $11.37 Million | 89.80% |
| Common Stock | $641.03K | 5.06% |
| Other Comprehensive Income | $650.04K | 5.13% |
| Total Equity | $12.66 Million | 100.00% |
Luda Technology Group Limited Competitors by Market Cap
The table below lists competitors of Luda Technology Group Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wesizwe Platinum Limited
PINK:WSZWF
|
$10.25 Million |
|
Harn Engineering Solutions Public Company Limited
BK:HARN
|
$10.25 Million |
|
Spruce Ridge Resources Ltd
OTCQB:SRCGF
|
$10.26 Million |
|
LEFORM
KLSE:0266
|
$10.26 Million |
|
IKONISYS EO 2
F:9W8
|
$10.25 Million |
|
Swoop Holdings Ltd
AU:SWP
|
$10.24 Million |
|
Stel Holdings Limited
NSE:STEL
|
$10.23 Million |
|
Viking Mines Limited
F:AVI
|
$10.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Luda Technology Group Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 16,746,999 to 12,663,540, a change of -4,083,459 (-24.4%).
- Net loss of 361,016 reduced equity.
- Dividend payments of 3,377,564 reduced retained earnings.
- Other comprehensive income decreased equity by 212,471.
- Other factors decreased equity by 132,408.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-361.02K | -2.85% |
| Dividends Paid | $3.38 Million | -26.67% |
| Other Comprehensive Income | $-212.47K | -1.68% |
| Other Changes | $-132.41K | -1.05% |
| Total Change | $- | -24.38% |
Book Value vs Market Value Analysis
This analysis compares Luda Technology Group Limited'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: 6.77x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 6.54x to 6.77x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $0.58 | $3.81 | x |
| 2022-12-31 | $0.65 | $3.81 | x |
| 2023-12-31 | $0.74 | $3.81 | x |
| 2024-12-31 | $0.56 | $3.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Luda Technology Group Limited 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): -2.85%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.80%
- • Asset Turnover: 1.14x
- • Equity Multiplier: 3.10x
- Recent ROE (-2.85%) is below the historical average (18.51%), 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 | 37.67% | 14.47% | 1.07x | 2.43x | $3.63 Million |
| 2022 | 21.11% | 6.15% | 1.26x | 2.73x | $1.61 Million |
| 2023 | 18.11% | 5.90% | 1.10x | 2.79x | $1.36 Million |
| 2024 | -2.85% | -0.80% | 1.14x | 3.10x | $-1.63 Million |
Industry Comparison
This section compares Luda Technology Group Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $10,879,360,340
- Average return on equity (ROE) among peers: 3.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Luda Technology Group Limited (LUD) | $20.83 Million | 37.67% | 1.26x | $10.25 Million |
| Acerinox S.A. (ACRXF) | $1.93 Billion | -3.09% | 1.28x | $1.71 Billion |
| ArcelorMittal SA (AMSYF) | $11.98 Billion | 27.55% | 1.59x | $12.85 Billion |
| Angang Steel Company Limited (ANGGF) | $50.39 Billion | 11.12% | 0.77x | $641.51 Million |
| Aperam PK (APEMY) | $3.79 Billion | 7.21% | 0.73x | $1.17 Billion |
| Aperam SA (APMSF) | $2.52 Billion | 11.35% | 0.72x | $1.31 Billion |
| ArcelorMittal South Africa Ltd (ARCXF) | $28.00 Billion | 33.51% | 0.34x | $14.02 Million |
| Algoma Steel Group Inc (ASTL) | $173.80 Million | -92.29% | 7.94x | $280.31 Million |
| Algoma Steel Group Inc. Warrant (ASTLW) | $-530.90 Million | 0.00% | 0.00x | $6.74 Million |
| BCI Minerals Limited (BIRNF) | $103.61 Million | 12.45% | 0.26x | $227.67 Million |
| BlueScope Steel Limited (BLSFF) | $10.45 Billion | 26.90% | 0.59x | $5.72 Billion |