Vivic Corp
Vivic Corp. engages in the distribution of yachts under the Monte Fino and VIVIC brands in internationally. It also provides marine tourism, development of electric powered yachts, operation of yacht marinas, and yacht rental services. The company was incorporated in 2017 and is headquartered in Las Vegas, Nevada.
Vivic Corp (VIVC) - Net Assets
Latest net assets as of June 2024: $2.59 Million USD
Based on the latest financial reports, Vivic Corp (VIVC) has net assets worth $2.59 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.87 Million) and total liabilities ($2.27 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 | $2.59 Million |
| % of Total Assets | 53.29% |
| Annual Growth Rate | 150.09% |
| 5-Year Change | 2348.95% |
| 10-Year Change | N/A |
| Growth Volatility | 280.48 |
Vivic Corp - Net Assets Trend (2016–2023)
This chart illustrates how Vivic 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 Vivic Corp (2016–2023)
The table below shows the annual net assets of Vivic Corp from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $1.55 Million | +249.80% |
| 2022-12-31 | $-1.04 Million | -963.98% |
| 2021-12-31 | $-97.39K | -165.80% |
| 2020-12-31 | $148.01K | +133.51% |
| 2018-12-31 | $63.39K | +617.69% |
| 2017-12-31 | $8.83K | +247.44% |
| 2016-12-31 | $2.54K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vivic 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 330294600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $4.86 Million | 312.90% |
| Total Equity | $1.55 Million | 100.00% |
Vivic Corp Competitors by Market Cap
The table below lists competitors of Vivic Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NexPoint Hospitality Trust
V:NHT-U
|
$2.27 Million |
|
Hagag Europe Development ZF Ltd
TA:HGGE
|
$2.27 Million |
|
Silynxcom Ltd.
NYSE MKT:SYNX
|
$2.27 Million |
|
Krebs Biochemicals and Industries Limited
NSE:KREBSBIO
|
$2.27 Million |
|
TOR Minerals International Inc
PINK:TORM
|
$2.27 Million |
|
OLB Group Inc
NASDAQ:OLB
|
$2.26 Million |
|
Generation Gold Corp.
V:GEN
|
$2.26 Million |
|
CASI Pharmaceuticals Inc
NASDAQ:CASI
|
$2.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vivic Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -1,036,222 to 1,552,291, a change of 2,588,513.
- Net income of 1,504,942 contributed positively to equity growth.
- Other factors increased equity by 1,133,571.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.50 Million | +96.95% |
| Other Changes | $1.13 Million | +73.03% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Vivic 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: 8.24x
- 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 decreased from 4033.36x to 8.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $0.00 | $0.48 | x |
| 2017-12-31 | $0.00 | $0.48 | x |
| 2018-12-31 | $0.00 | $0.48 | x |
| 2020-12-31 | $0.00 | $0.48 | x |
| 2021-12-31 | $0.00 | $0.48 | x |
| 2022-12-31 | $-0.04 | $0.48 | x |
| 2023-12-31 | $0.06 | $0.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vivic 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): 96.95%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 94.00%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 2.65x
- Recent ROE (96.95%) is above the historical average (-291.17%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -462.16% | 0.00% | 0.00x | 1.88x | $-12.00K |
| 2017 | -214.11% | -116.01% | 0.86x | 2.14x | $-19.79K |
| 2018 | 41.20% | 26.12% | 0.55x | 2.86x | $19.77K |
| 2020 | -1500.06% | -392.48% | 0.28x | 13.84x | $-962.09K |
| 2021 | 0.00% | -1050.38% | 0.17x | 0.00x | $-2.56 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-840.77K |
| 2023 | 96.95% | 94.00% | 0.39x | 2.65x | $1.35 Million |
Industry Comparison
This section compares Vivic Corp's net assets metrics with peer companies in the Recreational Vehicles industry.
Industry Context
- Industry: Recreational Vehicles
- Average net assets among peers: $132,606,330
- Average return on equity (ROE) among peers: -14.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vivic Corp (VIVC) | $2.59 Million | -462.16% | 0.88x | $2.27 Million |
| Alternet Systems Inc (ALYI) | $-168.02K | 0.00% | 0.00x | $74.94K |
| Brunswick Corporation (BC) | $1.10 Billion | 7.12% | 2.09x | $4.64 Billion |
| Bénéteau S.A (BTEAF) | $644.12 Million | 7.68% | 1.17x | $279.12 Million |
| Ev Dynamics (Holdings) Limited (CHDHF) | $21.54 Million | -64.69% | 0.65x | $2.95 Million |
| Curtiss Motorcycles Company Inc (CMOT) | $-1.30 Million | 0.00% | 0.00x | $411.06K |
| BRP Inc (DOOO) | $-474.90 Million | 0.00% | 0.00x | $2.73 Billion |
| Evil Empire Designs Inc. (EVVL) | $-119.34K | 0.00% | 0.00x | $5.82K |
| EZGO Technologies Ltd (EZGO) | $33.54 Million | -19.27% | 0.42x | $263.57K |
| Folkup Development Inc (FLDI) | $2.16K | -39.02% | 0.41x | $4.00 Million |
| Forza X1 Inc (FRZA) | $1.54 Million | -34.59% | 0.45x | $1.73 Million |