Primo Water Corp
Primo Water Corporation provides pure-play water solutions for residential and commercial customers. It offers bottled water, water dispensers, purified bottled water, self-service refill drinking water, premium spring, mineral water, sparkling and flavored essence water, filtration units, and coffee. The company offers its products under the Primo, Alhambra, Crystal Rock, Mountain Valley, Deep R… Read more
Primo Water Corp (PRMW) - Net Assets
Latest net assets as of September 2024: $1.48 Billion USD
Based on the latest financial reports, Primo Water Corp (PRMW) has net assets worth $1.48 Billion USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.56 Billion) and total liabilities ($2.08 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 | $1.48 Billion |
| % of Total Assets | 41.62% |
| Annual Growth Rate | 13.33% |
| 5-Year Change | 23.59% |
| 10-Year Change | 106.58% |
| Growth Volatility | 51.19 |
Primo Water Corp - Net Assets Trend (1991–2023)
This chart illustrates how Primo Water 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 Primo Water Corp (1991–2023)
The table below shows the annual net assets of Primo Water Corp from 1991 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $1.44 Billion | +12.35% |
| 2022-12-31 | $1.28 Billion | -2.82% |
| 2021-12-31 | $1.32 Billion | -1.99% |
| 2020-12-31 | $1.35 Billion | +15.49% |
| 2019-12-31 | $1.17 Billion | -0.36% |
| 2018-12-31 | $1.17 Billion | +32.14% |
| 2017-12-31 | $885.70 Million | +1.36% |
| 2016-12-31 | $873.80 Million | +35.28% |
| 2015-12-31 | $645.90 Million | -7.42% |
| 2014-12-31 | $697.70 Million | +15.15% |
| 2013-12-31 | $605.90 Million | -2.73% |
| 2012-12-31 | $622.90 Million | +9.63% |
| 2011-12-31 | $568.20 Million | +6.17% |
| 2010-12-31 | $535.20 Million | +33.37% |
| 2009-12-31 | $401.30 Million | +62.80% |
| 2008-12-31 | $246.50 Million | -45.44% |
| 2007-12-31 | $451.80 Million | -11.34% |
| 2006-12-31 | $509.60 Million | +1.03% |
| 2005-12-31 | $504.40 Million | +4.84% |
| 2004-12-31 | $481.10 Million | +29.78% |
| 2003-12-31 | $370.70 Million | +51.43% |
| 2002-12-31 | $244.80 Million | +9.53% |
| 2001-12-31 | $223.50 Million | +41.01% |
| 2000-12-31 | $158.50 Million | +11.38% |
| 1999-12-31 | $142.30 Million | +16.64% |
| 1998-12-31 | $122.00 Million | -47.97% |
| 1997-12-31 | $234.50 Million | -5.06% |
| 1996-12-31 | $247.00 Million | +17.90% |
| 1995-12-31 | $209.50 Million | -13.03% |
| 1994-12-31 | $240.90 Million | +10.40% |
| 1993-12-31 | $218.20 Million | +240.94% |
| 1992-12-31 | $64.00 Million | +143.35% |
| 1991-12-31 | $26.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Primo Water 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 2129.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $167.20 Million | 11.60% |
| Common Stock | $1.29 Billion | 89.41% |
| Other Comprehensive Income | $-105.10 Million | -7.29% |
| Other Components | $90.60 Million | 6.29% |
| Total Equity | $1.44 Billion | 100.00% |
Primo Water Corp Competitors by Market Cap
The table below lists competitors of Primo Water Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LEPU MED.T.B. SP.GDR O.N.
F:07Z0
|
$3.78 Billion |
|
GMS Inc
NYSE:GMS
|
$3.78 Billion |
|
GERDAU S.A. PFD
F:GDUB
|
$3.78 Billion |
|
M3 Inc
PINK:MTHRF
|
$3.78 Billion |
|
PSSMF
PINK:PSSMF
|
$3.77 Billion |
|
Nippon Paint Holdings Co. Ltd.
PINK:NPPHY
|
$3.77 Billion |
|
CNO Financial Group Inc
NYSE:CNO
|
$3.77 Billion |
|
Havells India Limited
NSE:HAVELLS
|
$3.77 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Primo Water Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,282,900,000 to 1,441,300,000, a change of 158,400,000 (12.3%).
- Net income of 64,970,016 contributed positively to equity growth.
- Dividend payments of 52,648,116 reduced retained earnings.
- Share repurchases of 26,000,000 reduced equity.
- New share issuances of 6,100,000 increased equity.
- Other comprehensive income decreased equity by 22,900,000.
- Other factors increased equity by 188,878,100.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $64.97 Million | +4.51% |
| Dividends Paid | $52.65 Million | -3.65% |
| Share Repurchases | $26.00 Million | -1.8% |
| Share Issuances | $6.10 Million | +0.42% |
| Other Comprehensive Income | $-22.90 Million | -1.59% |
| Other Changes | $188.88 Million | +13.1% |
| Total Change | $- | 12.35% |
Book Value vs Market Value Analysis
This analysis compares Primo Water 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: 2.70x
- 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 20.49x to 2.70x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1991-12-31 | $1.18 | $24.21 | x |
| 1992-12-31 | $1.19 | $24.21 | x |
| 1993-12-31 | $3.61 | $24.21 | x |
| 1994-12-31 | $3.71 | $24.21 | x |
| 1995-12-31 | $3.42 | $24.21 | x |
| 1996-12-31 | $3.88 | $24.21 | x |
| 1997-12-31 | $3.49 | $24.21 | x |
| 1998-12-31 | $1.94 | $24.21 | x |
| 1999-12-31 | $2.15 | $24.21 | x |
| 2000-12-31 | $2.37 | $24.21 | x |
| 2001-12-31 | $2.84 | $24.21 | x |
| 2002-12-31 | $3.36 | $24.21 | x |
| 2003-12-31 | $4.86 | $24.21 | x |
| 2004-12-31 | $6.37 | $24.21 | x |
| 2005-12-31 | $6.66 | $24.21 | x |
| 2006-12-31 | $6.81 | $24.21 | x |
| 2007-12-31 | $6.02 | $24.21 | x |
| 2008-12-31 | $3.23 | $24.21 | x |
| 2009-12-31 | $5.13 | $24.21 | x |
| 2010-12-31 | $6.06 | $24.21 | x |
| 2011-12-31 | $5.85 | $24.21 | x |
| 2012-12-31 | $6.45 | $24.21 | x |
| 2013-12-31 | $6.24 | $24.21 | x |
| 2014-12-31 | $7.20 | $24.21 | x |
| 2015-12-31 | $6.21 | $24.21 | x |
| 2016-12-31 | $6.77 | $24.21 | x |
| 2017-12-31 | $6.32 | $24.21 | x |
| 2018-12-31 | $8.28 | $24.21 | x |
| 2019-12-31 | $8.62 | $24.21 | x |
| 2020-12-31 | $8.66 | $24.21 | x |
| 2021-12-31 | $8.21 | $24.21 | x |
| 2022-12-31 | $7.92 | $24.21 | x |
| 2023-12-31 | $8.97 | $24.21 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Primo Water 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): 4.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.67%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 2.44x
- Recent ROE (4.51%) is above the historical average (2.48%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1991 | 27.94% | 5.90% | 1.67x | 2.83x | $4.43 Million |
| 1992 | 16.86% | 3.86% | 1.59x | 2.75x | $4.11 Million |
| 1993 | 12.48% | 5.32% | 1.65x | 1.42x | $5.28 Million |
| 1994 | 10.90% | 3.18% | 1.63x | 2.11x | $2.04 Million |
| 1995 | -8.87% | -1.96% | 1.74x | 2.60x | $-38.71 Million |
| 1996 | 10.42% | 2.52% | 1.68x | 2.45x | $1.03 Million |
| 1997 | -0.21% | -0.05% | 1.19x | 3.65x | $-23.93 Million |
| 1998 | -78.52% | -9.99% | 1.40x | 5.60x | $-108.00 Million |
| 1999 | 13.00% | 1.87% | 1.68x | 4.14x | $4.27 Million |
| 2000 | 16.03% | 2.56% | 1.59x | 3.92x | $9.55 Million |
| 2001 | 20.42% | 3.66% | 1.02x | 5.45x | $20.36 Million |
| 2002 | 26.99% | 4.91% | 1.53x | 3.60x | $37.08 Million |
| 2003 | 22.43% | 5.46% | 1.56x | 2.63x | $42.89 Million |
| 2004 | 17.12% | 4.76% | 1.61x | 2.23x | $32.57 Million |
| 2005 | 5.10% | 1.40% | 1.50x | 2.43x | $-23.59 Million |
| 2006 | -3.58% | -0.99% | 1.55x | 2.33x | $-66.37 Million |
| 2007 | -16.52% | -4.02% | 1.55x | 2.66x | $-114.62 Million |
| 2008 | -53.58% | -7.45% | 1.89x | 3.81x | $-145.72 Million |
| 2009 | 21.11% | 5.10% | 1.83x | 2.26x | $42.90 Million |
| 2010 | 10.47% | 3.03% | 1.18x | 2.93x | $2.48 Million |
| 2011 | 6.77% | 1.61% | 1.55x | 2.71x | $-17.98 Million |
| 2012 | 7.81% | 2.12% | 1.44x | 2.56x | $-13.38 Million |
| 2013 | 2.85% | 0.81% | 1.47x | 2.39x | $-42.64 Million |
| 2014 | 2.37% | 0.78% | 0.68x | 4.48x | $-52.68 Million |
| 2015 | 3.22% | 0.70% | 1.02x | 4.52x | $-43.33 Million |
| 2016 | -8.23% | -2.21% | 0.82x | 4.54x | $-158.35 Million |
| 2017 | -0.41% | -0.16% | 0.55x | 4.65x | $-91.56 Million |
| 2018 | 2.47% | 1.22% | 0.75x | 2.71x | $-88.14 Million |
| 2019 | -0.01% | 0.00% | 0.71x | 2.91x | $-116.72 Million |
| 2020 | -11.64% | -8.03% | 0.54x | 2.68x | $-291.49 Million |
| 2021 | -0.24% | -0.15% | 0.56x | 2.82x | $-135.21 Million |
| 2022 | 2.31% | 1.34% | 0.60x | 2.86x | $-98.69 Million |
| 2023 | 4.51% | 3.67% | 0.50x | 2.44x | $-79.16 Million |
Industry Comparison
This section compares Primo Water Corp's net assets metrics with peer companies in the Beverages - Non-Alcoholic industry.
Industry Context
- Industry: Beverages - Non-Alcoholic
- Average net assets among peers: $91,942,689,968
- Average return on equity (ROE) among peers: -129.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Primo Water Corp (PRMW) | $1.48 Billion | 27.94% | 1.40x | $3.77 Billion |
| Embotelladora Andina S.A (AKO-B) | $919.00 Billion | 8.21% | 1.47x | $4.29 Billion |
| Alkame Holdings Inc (ALKM) | $-39.16K | 0.00% | 0.00x | $549.92K |
| Apple Rush Company (APRU) | $52.46K | -1399.10% | 30.30x | $11.05 |
| Signet International Holdings Inc (AQPW) | $129.01K | -179.65% | 2.11x | $740.86K |
| A1 Group Inc (AWON) | $-124.65K | 0.00% | 0.00x | $25.26 |
| A.G. BARR p.l.c (BAGFF) | $292.70 Million | 13.15% | 0.37x | $578.72 Million |
| Blue Gem Enterprise (BGEM) | $10.00K | -60.00% | 0.00x | $0.96 |
| Barfresh Food Group Inc (BRFH) | $1.07 Million | -353.23% | 2.45x | $18.15 Million |
| Britvic plc (BTVCF) | $134.97 Million | 107.94% | 12.26x | $3.84 Billion |
| Buda Juice, Inc. (BUDA) | $401.00K | 564.09% | 6.39x | $21.46 Million |