Tel-Instrument Electronics Corp
Tel-Instrument Electronics Corp. engages in designing, manufacturing, and sales of avionics test and measurement instruments for the commercial air transport, general aviation, and government/military aerospace and defense markets in the United States and internationally. It operates through two segments, Avionics Government and Avionics Commercial. The company provides instruments to test, measu… Read more
Tel-Instrument Electronics Corp (TIKK) - Net Assets
Latest net assets as of December 2024: $5.64 Million USD
Based on the latest financial reports, Tel-Instrument Electronics Corp (TIKK) has net assets worth $5.64 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($9.59 Million) and total liabilities ($3.95 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 | $5.64 Million |
| % of Total Assets | 58.85% |
| Annual Growth Rate | 5.91% |
| 5-Year Change | 46.59% |
| 10-Year Change | 88.3% |
| Growth Volatility | 41.04 |
Tel-Instrument Electronics Corp - Net Assets Trend (2014–2024)
This chart illustrates how Tel-Instrument Electronics 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 Tel-Instrument Electronics Corp (2014–2024)
The table below shows the annual net assets of Tel-Instrument Electronics Corp from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-03-31 | $6.85 Million | +18.54% |
| 2023-03-31 | $5.78 Million | -7.15% |
| 2022-03-31 | $6.23 Million | +19.35% |
| 2021-03-31 | $5.22 Million | +11.59% |
| 2020-03-31 | $4.68 Million | +5754.70% |
| 2019-03-31 | $-82.68K | +94.10% |
| 2018-03-31 | $-1.40 Million | -2477.34% |
| 2017-03-31 | $-54.36K | -101.16% |
| 2016-03-31 | $4.67 Million | +28.37% |
| 2015-03-31 | $3.64 Million | -5.72% |
| 2014-03-31 | $3.86 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tel-Instrument Electronics 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 155536800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $12.86 Million | 187.65% |
| Total Equity | $6.85 Million | 100.00% |
Tel-Instrument Electronics Corp Competitors by Market Cap
The table below lists competitors of Tel-Instrument Electronics Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tadmax Resources Berhad
KLSE:4022
|
$4.19 Million |
|
Make To Win Holding PCL
BK:MTW
|
$4.19 Million |
|
RenoWorks Software Inc
PINK:ROWKF
|
$4.19 Million |
|
Pamapol S.A.
WAR:PMP
|
$4.19 Million |
|
BQUE NATLE BELG. O.N.
F:BKB
|
$4.19 Million |
|
Acco Group Holdings Limited Ordinary Shares
NASDAQ:ACCL
|
$4.19 Million |
|
Alzinova AB
ST:ALZ
|
$4.19 Million |
|
Evion Group NL
AU:EVG
|
$4.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tel-Instrument Electronics Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,781,637 to 6,853,627, a change of 1,071,990 (18.5%).
- Net income of 341,891 contributed positively to equity growth.
- New share issuances of 721,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $341.89K | +4.99% |
| Share Issuances | $721.00K | +10.52% |
| Other Changes | $9.10K | +0.13% |
| Total Change | $- | 18.54% |
Book Value vs Market Value Analysis
This analysis compares Tel-Instrument Electronics 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: 1.30x
- 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 2.31x to 1.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-03-31 | $1.19 | $2.74 | x |
| 2015-03-31 | $1.12 | $2.74 | x |
| 2016-03-31 | $1.44 | $2.74 | x |
| 2017-03-31 | $-0.02 | $2.74 | x |
| 2018-03-31 | $-0.43 | $2.74 | x |
| 2019-03-31 | $-0.03 | $2.74 | x |
| 2020-03-31 | $1.44 | $2.74 | x |
| 2021-03-31 | $1.60 | $2.74 | x |
| 2022-03-31 | $1.91 | $2.74 | x |
| 2023-03-31 | $1.78 | $2.74 | x |
| 2024-03-31 | $2.10 | $2.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tel-Instrument Electronics 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): 4.99%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.88%
- • Asset Turnover: 0.82x
- • Equity Multiplier: 1.57x
- Recent ROE (4.99%) is below the historical average (13.88%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 6.77% | 1.65% | 1.49x | 2.75x | $-124.54K |
| 2015 | -7.70% | -1.54% | 1.84x | 2.72x | $-644.42K |
| 2016 | 21.49% | 4.05% | 2.45x | 2.16x | $536.92K |
| 2017 | 0.00% | -25.39% | 2.91x | 0.00x | $-4.75 Million |
| 2018 | 0.00% | -43.12% | 1.24x | 0.00x | $-4.18 Million |
| 2019 | 0.00% | 1.68% | 1.45x | 0.00x | $211.31K |
| 2020 | 101.30% | 30.03% | 1.18x | 2.85x | $4.27 Million |
| 2021 | 11.50% | 5.18% | 0.73x | 3.06x | $78.30K |
| 2022 | 21.03% | 10.13% | 0.84x | 2.48x | $687.04K |
| 2023 | -6.72% | -4.50% | 0.56x | 2.67x | $-966.71K |
| 2024 | 4.99% | 3.88% | 0.82x | 1.57x | $-343.47K |
Industry Comparison
This section compares Tel-Instrument Electronics Corp's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $301,480,945
- Average return on equity (ROE) among peers: 29.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tel-Instrument Electronics Corp (TIKK) | $5.64 Million | 6.77% | 0.70x | $4.19 Million |
| Alabama Aircraft Industries Inc (AAIIQ) | $3.00 Million | 70.00% | 22.83x | $0.97 |
| AAC Clyde Space AB (ACCMF) | $662.75 Million | -6.24% | 0.42x | $49.09 Million |
| Archer Aviation Inc (ACHR) | $698.90 Million | -49.76% | 0.10x | $3.44 Billion |
| American Defense Systems Inc (ADFS) | $9.01 Million | 34.56% | 0.45x | $4.85K |
| AAR Corp (AIR) | $866.00 Million | 7.82% | 1.54x | $4.16 Billion |
| Air Industries Group (AIRI) | $21.61 Million | 17.30% | 1.32x | $12.09 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $548.73 Million | -7.05% | 0.28x | $168.72 Million |
| Philly Shipyard ASA (AKRRF) | $155.58 Million | 43.21% | 0.63x | $13.32 Million |
| ASI Aviation Inc (ASAV) | $6.88 | 150.58% | 2.47x | $2.48 Million |
| Astronics Corporation (ATRO) | $49.23 Million | 31.26% | 1.11x | $2.35 Billion |