Danimer Scientific Inc
Danimer Scientific, Inc., a performance polymer company, provides bioplastic replacements for traditional petroleum-based plastics in the United States, Germany, Poland, Belgium, Austria, and internationally. It produces polyhydroxyalkanoate, a biodegradable plastic feedstock alternative under the Nodax brand name for applications in films, straws, cutlery, food containers, and others; polylactic… Read more
Danimer Scientific Inc (DNMR) - Net Assets
Latest net assets as of September 2024: $211.59 Million USD
Based on the latest financial reports, Danimer Scientific Inc (DNMR) has net assets worth $211.59 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 ($643.77 Million) and total liabilities ($432.18 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 | $211.59 Million |
| % of Total Assets | 32.87% |
| Annual Growth Rate | 102.37% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1108.69 |
Danimer Scientific Inc - Net Assets Trend (2019–2023)
This chart illustrates how Danimer Scientific Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Danimer Scientific Inc (2019–2023)
The table below shows the annual net assets of Danimer Scientific Inc from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $278.02 Million | -26.37% |
| 2022-12-31 | $377.61 Million | -24.52% |
| 2021-12-31 | $500.26 Million | +13.98% |
| 2020-12-31 | $438.90 Million | +2547.83% |
| 2019-12-31 | $16.58 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Danimer Scientific Inc'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 40419100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $10.00K | 0.00% |
| Other Components | $732.13 Million | 263.34% |
| Total Equity | $278.02 Million | 100.00% |
Danimer Scientific Inc Competitors by Market Cap
The table below lists competitors of Danimer Scientific Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
France Tourisme Immobilier SA
PA:MLFTI
|
$896.84K |
|
JWSMF
PINK:JWSMF
|
$897.56K |
|
INGREDION (CNP.SG)
STU:CNP
|
$897.70K |
|
Netanel Group
TA:NTGR
|
$898.14K |
|
QURI-MAYU DEVELOPMENTS
F:JR9
|
$896.08K |
|
Scotch Creek Ventures Inc
PINK:SCVFF
|
$896.07K |
|
Atco Mining Inc.
PINK:ATMGF
|
$895.93K |
|
Golf & Co Group Ltd
TA:GOLF
|
$895.79K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Danimer Scientific Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 377,612,000 to 278,020,000, a change of -99,592,000 (-26.4%).
- Net loss of 155,473,000 reduced equity.
- Share repurchases of 150,000 reduced equity.
- New share issuances of 225,000 increased equity.
- Other factors increased equity by 55,806,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-155.47 Million | -55.92% |
| Share Repurchases | $150.00K | -0.05% |
| Share Issuances | $225.00K | +0.08% |
| Other Changes | $55.81 Million | +20.07% |
| Total Change | $- | -26.37% |
Book Value vs Market Value Analysis
This analysis compares Danimer Scientific Inc'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: 0.13x
- 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.
- The price-to-book ratio has decreased from 0.54x to 0.13x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $0.65 | $0.35 | x |
| 2020-12-31 | $5.19 | $0.35 | x |
| 2021-12-31 | $5.37 | $0.35 | x |
| 2022-12-31 | $3.74 | $0.35 | x |
| 2023-12-31 | $2.73 | $0.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Danimer Scientific Inc 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): -55.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -333.03%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 2.51x
- Recent ROE (-55.92%) is below the historical average (-47.34%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -117.72% | -60.33% | 0.22x | 8.72x | $-21.17 Million |
| 2020 | -3.41% | -31.62% | 0.09x | 1.24x | $-58.86 Million |
| 2021 | -12.02% | -102.31% | 0.07x | 1.68x | $-110.13 Million |
| 2022 | -47.60% | -337.78% | 0.07x | 1.89x | $-217.52 Million |
| 2023 | -55.92% | -333.03% | 0.07x | 2.51x | $-183.28 Million |
Industry Comparison
This section compares Danimer Scientific Inc's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $7,181,833,981
- Average return on equity (ROE) among peers: 7.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Danimer Scientific Inc (DNMR) | $211.59 Million | -117.72% | 2.04x | $896.40K |
| AirBoss of America Corp (ABSSF) | $197.00 Million | -16.19% | 1.24x | $57.06 Million |
| Asia Carbon Industries Inc (ACRB) | $19.13 Million | 17.11% | 0.33x | $0.98 |
| Aimia Inc (AIMFF) | $1.29 Billion | -4.63% | 2.83x | $103.68 Million |
| L'Air Liquide S.A (AIQUF) | $11.83 Billion | 14.08% | 1.26x | $107.70 Billion |
| Akzo Nobel N.V (AKZOF) | $7.58 Billion | 14.03% | 1.29x | $9.73 Billion |
| Albemarle Corp (ALB) | $545.00 Million | 9.41% | 1.09x | $19.53 Billion |
| ALPEK S.A.B. de C.V (ALPKF) | $49.59 Billion | 15.64% | 1.50x | $214.40 Million |
| Altech Batteries Limited (ALTHF) | $97.54 Million | -5.87% | 0.01x | $27.89 Million |
| Arcadium Lithium plc (ALTM) | $333.00 Million | 14.14% | 0.12x | $6.26 Billion |
| Alto Ingredients Inc (ALTO) | $345.21 Million | 13.35% | 0.40x | $212.84 Million |