Grayscale Bitcoin Cash Trust
Grayscale Bitcoin Cash Trust operates in various business sectors.
Grayscale Bitcoin Cash Trust (BCHG) - Net Assets
Latest net assets as of March 2021: $154.74 Million USD
Based on the latest financial reports, Grayscale Bitcoin Cash Trust (BCHG) has net assets worth $154.74 Million USD as of March 2021.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($154.74 Million) and total liabilities ($0.00). 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 | $154.74 Million |
| % of Total Assets | 100.0% |
| Annual Growth Rate | -23.75% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 11.22 |
Grayscale Bitcoin Cash Trust - Net Assets Trend (2018–2020)
This chart illustrates how Grayscale Bitcoin Cash Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Grayscale Bitcoin Cash Trust (2018–2020)
The table below shows the annual net assets of Grayscale Bitcoin Cash Trust from 2018 to 2020.
| Year | Net Assets | Change |
|---|---|---|
| 2020-06-30 | $5.69 Million | -11.72% |
| 2019-06-30 | $6.44 Million | -34.16% |
| 2018-06-30 | $9.78 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Grayscale Bitcoin Cash Trust'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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $122.30 Million | 100.00% |
| Total Equity | $122.30 Million | 100.00% |
Grayscale Bitcoin Cash Trust Competitors by Market Cap
The table below lists competitors of Grayscale Bitcoin Cash Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Carpinienne de Participations
PA:CARP
|
$22.70K |
|
Mayex USA Inc
PINK:MAYX
|
$22.70K |
|
EO2 SA
BE:EO4
|
$22.74K |
|
Starward Industries S.A.
WAR:STA
|
$22.78K |
|
Royal Mines and Minerals Corp
PINK:RYMM
|
$22.68K |
|
Diego Pellicer Worldwide Inc
PINK:DPWW
|
$22.67K |
|
Windward Ltd
LSE:WNWD
|
$22.65K |
|
Evergreen Sustainable Enterprises Inc.
OTCQB:EGSE
|
$22.65K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Grayscale Bitcoin Cash Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2023, total equity changed from 5,685,085 to 122,301,000, a change of 116,615,915 (2051.3%).
- Net income of 60,799,000 contributed positively to equity growth.
- Other factors increased equity by 55,816,915.
Equity Change Factors (2020 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $60.80 Million | +49.71% |
| Other Changes | $55.82 Million | +45.64% |
| Total Change | $- | 2051.26% |
Book Value vs Market Value Analysis
This analysis compares Grayscale Bitcoin Cash Trust'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: 7.79x
- 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 increased from 4.53x to 7.79x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-06-30 | $0.54 | $2.46 | x |
| 2019-06-30 | $0.36 | $2.46 | x |
| 2020-06-30 | $0.32 | $2.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Grayscale Bitcoin Cash Trust 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): 49.71%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.75x
- Recent ROE (49.71%) is above the historical average (-30.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -77.90% | 0.00% | -0.73x | 1.02x | $-5.66 Million |
| 2020 | -62.16% | 0.00% | -0.61x | 1.00x | $-4.10 Million |
| 2023 | 49.71% | 0.00% | 0.00x | 0.75x | $48.57 Million |
Industry Comparison
This section compares Grayscale Bitcoin Cash Trust's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Grayscale Bitcoin Cash Trust (BCHG) | $154.74 Million | -77.90% | 0.00x | $22.69K |
| Abcam plc (ABCZF) | $726.90 Million | -1.17% | 0.45x | $5.00 Billion |
| Able View Global Inc. Warrant (ABLVW) | $11.42 Million | 85.41% | 3.81x | $277.93K |
| Above Food Ingredients Inc. Warrants (ABVEW) | $199.86 Million | -2.89% | 0.00x | $6.25 Million |
| Adamas Trust, Inc. (ADAMG) | $2.43 Billion | 7.94% | 1.33x | $2.09 Billion |
| ADS-TEC ENERGY PLC Warrant (ADSEW) | $33.92 Million | -162.39% | 2.67x | $10.06 Million |
| Alliance Entertainment Holding Corporation Warrants (AENTW) | $52.92 Million | 10.13% | 4.23x | $2.29 Million |
| Forafric Global PLC Warrants (AFRIW) | $5.32 Million | -457.58% | 45.29x | $2.67 Million |
| Centurion Acquisition Corp. Warrant (ALFUW) | $282.84 Million | 1.97% | 0.05x | $4.81 Million |
| Alliance Trust PLC (ALITF) | $4.04 Billion | 10.04% | 0.29x | $112.87K |
| Alvotech Warrant (ALVOW) | $-564.42 Million | 0.00% | 0.00x | $35.01 Million |