Cult Food Science Corp
Cult Food Science Corp. is an incubation, venture capital and secondary investing firm specializing in incubation, seed/startup, early stage, mid venture, late venture, emerging growth and growth capital investments. The firm seeks to invest in companies operating in the food sectors. It does not have significant operations. It intends to acquire or participate in new assets or businesses. Previo… Read more
Cult Food Science Corp (CULTF) - Net Assets
Latest net assets as of September 2024: $5.49 Million USD
Based on the latest financial reports, Cult Food Science Corp (CULTF) has net assets worth $5.49 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 ($5.62 Million) and total liabilities ($132.94K). 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 | $5.49 Million |
| % of Total Assets | 97.64% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 8.78 |
Cult Food Science Corp - Net Assets Trend (2020–2023)
This chart illustrates how Cult Food Science 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 Cult Food Science Corp (2020–2023)
The table below shows the annual net assets of Cult Food Science Corp from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $3.99 Million | -10.74% |
| 2022-12-31 | $4.47 Million | -28.29% |
| 2021-12-31 | $6.23 Million | +5172.47% |
| 2020-12-31 | $-122.81K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cult Food Science 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 1090949900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $23.29 Million | 584.14% |
| Total Equity | $3.99 Million | 100.00% |
Cult Food Science Corp Competitors by Market Cap
The table below lists competitors of Cult Food Science Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Indaptus Therapeutics Inc
NASDAQ:INDP
|
$1.76 Million |
|
Spindletop O&G
PINK:SPND
|
$1.76 Million |
|
Financiere Marjos SA
PA:FINM
|
$1.76 Million |
|
Menhaden Resource Efficiency PLC
LSE:MHN
|
$1.76 Million |
|
LIFECARE AS NOK 040
F:LFC
|
$1.76 Million |
|
SQX Resources Ltd
AU:SQX
|
$1.76 Million |
|
Nevis Brands Inc.
OTCQB:NEVIF
|
$1.76 Million |
|
Hypebeast Limited
PINK:HYPPF
|
$1.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cult Food Science Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 4,467,156 to 3,987,490, a change of -479,666 (-10.7%).
- Net loss of 2,648,127 reduced equity.
- New share issuances of 1,349,320 increased equity.
- Other factors increased equity by 819,141.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.65 Million | -66.41% |
| Share Issuances | $1.35 Million | +33.84% |
| Other Changes | $819.14K | +20.54% |
| Total Change | $- | -10.74% |
Book Value vs Market Value Analysis
This analysis compares Cult Food Science 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: 0.32x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $0.00 | $0.03 | x |
| 2021-12-31 | $0.04 | $0.03 | x |
| 2022-12-31 | $0.03 | $0.03 | x |
| 2023-12-31 | $0.08 | $0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cult Food Science 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): -66.41%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.10x
- Recent ROE (-66.41%) is below the historical average (-58.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-194.12K |
| 2021 | -40.96% | 0.00% | 0.00x | 1.04x | $-3.17 Million |
| 2022 | -127.82% | 0.00% | 0.00x | 1.03x | $-6.16 Million |
| 2023 | -66.41% | 0.00% | 0.00x | 1.10x | $-3.05 Million |
Industry Comparison
This section compares Cult Food Science Corp's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $4,768,351,202
- Average return on equity (ROE) among peers: -224.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cult Food Science Corp (CULTF) | $5.49 Million | 0.00% | 0.02x | $1.76 Million |
| Above Food Ingredients Inc. Common Stock (ABVE) | $-46.26 Million | 0.00% | 0.00x | $18.58 Million |
| The a2 Milk Company Limited (ACOPF) | $58.64 Million | 0.02% | 0.31x | $3.91 Billion |
| Ayujoy Herbals Ltd (AJOY) | $668.89K | -63.57% | 1.39x | $90.84 |
| Alfa S.A.B. de C.V (ALFFF) | $43.29 Billion | 8.20% | 1.29x | $2.16 Billion |
| Amincor Inc (AMNCB) | $1.83 Million | -1769.92% | 18.32x | $2.21K |
| Armanino Foods New (AMNF) | $5.68 Million | 50.87% | 0.65x | $71.04K |
| Amira Nature Foods Ltd (ANFIF) | $171.84 Million | 17.43% | 1.45x | $128.79 |
| AAK AB (publ.) (ARHUF) | $3.56 Billion | 16.89% | 1.80x | $5.07 Billion |
| Artisan Consumer Goods Inc (ARRT) | $9.48K | -513.58% | 0.36x | $279.39K |
| ARYZTA AG (ARZTF) | $632.10 Million | 9.58% | 2.04x | $53.13 Million |