Volatus Aerospace Corp
Volatus Aerospace Corp. provides integrated drone solutions for commercial and defense markets in Canada, the United States, and the United Kingdom. The company offers drone services, aerial surveillance, cargo solutions, confined space inspection, drone lidar inspection, drone inspection, and wildfire services. It also operates Aerieport drone nesting station, as well as engages in equipment fin… Read more
Volatus Aerospace Corp (VLTTF) - Net Assets
Latest net assets as of June 2024: $-2.03 Million USD
Based on the latest financial reports, Volatus Aerospace Corp (VLTTF) has net assets worth $-2.03 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 ($24.92 Million) and total liabilities ($26.95 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 | $-2.03 Million |
| % of Total Assets | -8.15% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 113.4 |
Volatus Aerospace Corp - Net Assets Trend (2019–2023)
This chart illustrates how Volatus Aerospace 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 Volatus Aerospace Corp (2019–2023)
The table below shows the annual net assets of Volatus Aerospace Corp from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $2.54 Million | -82.12% |
| 2022-12-31 | $14.20 Million | -6.96% |
| 2021-12-31 | $15.26 Million | +187.04% |
| 2020-12-31 | $5.32 Million | -- |
| 2019-12-31 | $0.00 | -- |
Equity Component Analysis
This analysis shows how different components contribute to Volatus Aerospace 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 1943726300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $22.75 Million | 687.58% |
| Total Equity | $3.31 Million | 100.00% |
Volatus Aerospace Corp Competitors by Market Cap
The table below lists competitors of Volatus Aerospace Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vertice Bhd
KLSE:7240
|
$4.56 Million |
|
Harvest Technology Group Ltd
AU:HTG
|
$4.56 Million |
|
SPINEGUARD EO -05
F:6W5
|
$4.56 Million |
|
Ari Real Estate Arena Investment Ltd
TA:ARIN
|
$4.57 Million |
|
APPlife Digital Solutions Inc
OTCQB:ALDS
|
$4.56 Million |
|
Fundo de Investimento Imobiliário Trade Center
SA:FTCE11
|
$4.56 Million |
|
Hotel Sahid Jaya Tbk
JK:SHID
|
$4.56 Million |
|
EQUITY GROUP HOLDINGS LTD
RSE:EQTY
|
$4.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Volatus Aerospace Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 13,130,888 to 3,308,046, a change of -9,822,842 (-74.8%).
- Net loss of 9,464,043 reduced equity.
- Share repurchases of 870 reduced equity.
- Other factors decreased equity by 357,929.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-9.46 Million | -286.09% |
| Share Repurchases | $870.00 | -0.03% |
| Other Changes | $-357.93K | -10.82% |
| Total Change | $- | -74.81% |
Book Value vs Market Value Analysis
This analysis compares Volatus Aerospace 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: 3.61x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $0.00 | $0.10 | x |
| 2020-12-31 | $0.04 | $0.10 | x |
| 2021-12-31 | $0.15 | $0.10 | x |
| 2022-12-31 | $0.12 | $0.10 | x |
| 2023-12-31 | $0.03 | $0.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Volatus Aerospace 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): -286.09%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -27.14%
- • Asset Turnover: 1.30x
- • Equity Multiplier: 8.12x
- Recent ROE (-286.09%) is below the historical average (-82.31%), 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 | 10.66% | 718.77% | 0.01x | 1.46x | $27.10K |
| 2021 | -18.58% | -28.05% | 0.44x | 1.51x | $-4.28 Million |
| 2022 | -35.21% | -15.53% | 0.89x | 2.56x | $-5.94 Million |
| 2023 | -286.09% | -27.14% | 1.30x | 8.12x | $-9.79 Million |
Industry Comparison
This section compares Volatus Aerospace 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 |
|---|---|---|---|---|
| Volatus Aerospace Corp (VLTTF) | $-2.03 Million | 10.66% | N/A | $4.56 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 |