Sky Harbour Group Corp (SKYH) - Net Assets
Based on the latest financial reports, Sky Harbour Group Corp (SKYH) has net assets worth $99.53 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 ($456.81 Million) and total liabilities ($357.28 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. Also explore Sky Harbour Group Corp (SKYH) total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $99.53 Million |
| % of Total Assets | 21.79% |
| Annual Growth Rate | 32.4% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 61.27 |
Sky Harbour Group Corp - Net Assets Trend (2009–2023)
This chart illustrates how Sky Harbour Group Corp's net assets have evolved over time, based on quarterly financial data. Check Sky Harbour Group Corp tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Sky Harbour Group Corp (2009–2023)
The table below shows the annual net assets of Sky Harbour Group Corp from 2009 to 2023. For live valuation and market cap data, see market value of Sky Harbour Group Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $132.25 Million | +34.43% |
| 2022-12-31 | $98.38 Million | -18.21% |
| 2021-12-31 | $120.27 Million | +1947.89% |
| 2020-12-31 | $-6.51 Million | -63.83% |
| 2019-12-31 | $-3.97 Million | -1334.24% |
| 2012-12-31 | $-277.00K | -290.14% |
| 2011-12-31 | $-71.00K | +79.94% |
| 2010-12-31 | $-354.00K | -113.62% |
| 2009-12-31 | $2.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sky Harbour Group 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 decreased by 1936100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $6.00K | 0.01% |
| Other Comprehensive Income | $312.00K | 0.45% |
| Other Components | $88.20 Million | 127.54% |
| Total Equity | $69.16 Million | 100.00% |
Sky Harbour Group Corp Competitors by Market Cap
The table below lists competitors of Sky Harbour Group Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Liaoning Shidai Wanheng Co Ltd
SHG:600241
|
$286.39 Million |
|
Lightbridge Corporation
F:N7ON
|
$286.53 Million |
|
ADD Industry Zhejiang Co Ltd
SHG:603089
|
$286.62 Million |
|
Resolute Holdings Management, Inc.
NASDAQ:RHLD
|
$286.64 Million |
|
Isabella Bank Corporation
NASDAQ:ISBA
|
$286.27 Million |
|
BlackRock Municipal Income Quality Closed Fund
NYSE:BYM
|
$286.23 Million |
|
Daishin Securities Co Ltd Pref
KO:003545
|
$286.23 Million |
|
Sidetrade
PA:ALBFR
|
$286.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sky Harbour Group Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 26,279,000 to 69,155,000, a change of 42,876,000 (163.2%).
- Net loss of 16,177,000 reduced equity.
- Share repurchases of 377,000 reduced equity.
- New share issuances of 57,312,000 increased equity.
- Other comprehensive income increased equity by 414,000.
- Other factors increased equity by 1,704,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-16.18 Million | -23.39% |
| Share Repurchases | $377.00K | -0.55% |
| Share Issuances | $57.31 Million | +82.87% |
| Other Comprehensive Income | $414.00K | +0.6% |
| Other Changes | $1.70 Million | +2.46% |
| Total Change | $- | 163.16% |
Book Value vs Market Value Analysis
This analysis compares Sky Harbour Group 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: 2.32x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $-0.29 | $9.74 | x |
| 2020-12-31 | $-0.38 | $9.74 | x |
| 2021-12-31 | $8.04 | $9.74 | x |
| 2022-12-31 | $1.88 | $9.74 | x |
| 2023-12-31 | $4.20 | $9.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sky Harbour Group 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): -23.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -213.56%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 5.82x
- Recent ROE (-23.39%) is below the historical average (-1.92%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.56 Million |
| 2020 | 0.00% | -427.58% | 0.01x | 0.00x | $-2.28 Million |
| 2021 | 7.52% | 0.00% | -18.30x | 1.16x | $-2.98 Million |
| 2022 | 6.28% | 89.43% | 0.01x | 12.60x | $-977.90K |
| 2023 | -23.39% | -213.56% | 0.02x | 5.82x | $-23.09 Million |
Industry Comparison
This section compares Sky Harbour Group Corp's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $1,121,620,606
- Average return on equity (ROE) among peers: 8.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sky Harbour Group Corp (SKYH) | $99.53 Million | 0.00% | 3.59x | $286.27 Million |
| Archer Aviation Inc (ACHR) | $4.97 Million | -18.99% | 1.05x | $3.47 Billion |
| AAR Corp (AIR) | $310.24 Million | -19.00% | 1.29x | $5.21 Billion |
| Air Industries Group (AIRI) | $18.99 Million | 13.42% | 1.80x | $14.65 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $623.00 Million | -4.10% | 0.18x | $165.90 Million |
| Arxis, Inc. Class A Common Stock (ARXS) | $4.20 Billion | -1.19% | 0.64x | $2.95 Billion |
| Astronics Corporation (ATRO) | $77.22 Million | 5.79% | 0.95x | $2.30 Billion |
| AeroVironment Inc (AVAV) | $348.91 Million | 0.83% | 0.14x | $7.18 Billion |
| AEVEX Corp. (AVEX) | $164.27 Million | 47.82% | 2.39x | $807.34 Million |
| Axon Enterprise Inc. (AXON) | $3.24 Billion | 3.85% | 1.16x | $37.06 Billion |
| The Boeing Company (BA) | $2.23 Billion | 58.97% | 26.89x | $169.89 Billion |
About Sky Harbour Group Corp
Sky Harbour Group Corporation operates as an aviation infrastructure development company in the United States. It develops, leases, and manages general aviation hangars for business aircraft. The company is based in White Plains, New York.