FLYHT Aerospace Solutions Ltd
FLYHT Aerospace Solutions Ltd. provides real-time communications with aircrafts for the aerospace industry. The company offers AFIRS, an automated flight information reporting system that is an aircraft satcom/interface device, which enables cockpit voice communications, real-time aircraft state analysis, and the transmission of aircraft data while inflight; TAMDAR, a tropospheric airborne meteor… Read more
FLYHT Aerospace Solutions Ltd (FLYLF) - Net Assets
Latest net assets as of September 2024: $-3.45 Million USD
Based on the latest financial reports, FLYHT Aerospace Solutions Ltd (FLYLF) has net assets worth $-3.45 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 ($13.08 Million) and total liabilities ($16.53 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 | $-3.45 Million |
| % of Total Assets | -26.4% |
| Annual Growth Rate | N/A |
| 5-Year Change | -80.47% |
| 10-Year Change | N/A |
| Growth Volatility | 50.63 |
FLYHT Aerospace Solutions Ltd - Net Assets Trend (2012–2023)
This chart illustrates how FLYHT Aerospace Solutions Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for FLYHT Aerospace Solutions Ltd (2012–2023)
The table below shows the annual net assets of FLYHT Aerospace Solutions Ltd from 2012 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $1.09 Million | -77.74% |
| 2022-12-31 | $4.89 Million | +23.47% |
| 2021-12-31 | $3.96 Million | +38.39% |
| 2020-12-31 | $2.86 Million | -48.65% |
| 2019-12-31 | $5.58 Million | +21259.48% |
| 2018-12-31 | $-26.36K | -102.35% |
| 2017-12-31 | $1.12 Million | -40.37% |
| 2016-12-31 | $1.88 Million | +137.92% |
| 2015-12-31 | $-4.95 Million | -207.69% |
| 2014-12-31 | $-1.61 Million | +24.76% |
| 2013-12-31 | $-2.14 Million | +56.40% |
| 2012-12-31 | $-4.91 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to FLYHT Aerospace Solutions Ltd'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 8419200500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $85.28 Million | 7827.86% |
| Total Equity | $1.09 Million | 100.00% |
FLYHT Aerospace Solutions Ltd Competitors by Market Cap
The table below lists competitors of FLYHT Aerospace Solutions Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lexibook Linguistic Electronic System SA
PA:ALLEX
|
$8.70 Million |
|
DBEIL
NSE:DBEIL
|
$8.70 Million |
|
New Focus Auto Tech Holdings Limited
PINK:NWFAF
|
$8.70 Million |
|
ARMISTICE RESOURCES
F:7AZ
|
$8.70 Million |
|
Origin Agritech Ltd
NASDAQ:SEED
|
$8.68 Million |
|
Promateris SA
RO:PPL
|
$8.68 Million |
|
Educational Development Corporation
NASDAQ:EDUC
|
$8.68 Million |
|
CARTIER SILVER CORP
F:2CI0
|
$8.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FLYHT Aerospace Solutions Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 4,894,942 to 1,089,461, a change of -3,805,481 (-77.7%).
- Net loss of 4,049,371 reduced equity.
- Other factors increased equity by 243,890.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-4.05 Million | -371.69% |
| Other Changes | $243.89K | +22.39% |
| Total Change | $- | -77.74% |
Book Value vs Market Value Analysis
This analysis compares FLYHT Aerospace Solutions Ltd'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: 8.23x
- 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 |
|---|---|---|---|
| 2015-12-31 | $0.00 | $0.23 | x |
| 2016-12-31 | $0.00 | $0.23 | x |
| 2017-12-31 | $0.05 | $0.23 | x |
| 2018-12-31 | $0.00 | $0.23 | x |
| 2019-12-31 | $0.21 | $0.23 | x |
| 2020-12-31 | $0.11 | $0.23 | x |
| 2021-12-31 | $0.11 | $0.23 | x |
| 2022-12-31 | $0.13 | $0.23 | x |
| 2023-12-31 | $0.03 | $0.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FLYHT Aerospace Solutions Ltd 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): -371.69%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -20.10%
- • Asset Turnover: 1.53x
- • Equity Multiplier: 12.12x
- Recent ROE (-371.69%) is below the historical average (-61.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 0.00% | 0.00% | 1.35x | 0.00x | $0.00 |
| 2013 | 0.00% | -49.21% | 0.98x | 0.00x | $-3.61 Million |
| 2014 | 0.00% | -62.18% | 0.83x | 0.00x | $-3.52 Million |
| 2015 | 0.00% | -37.21% | 1.91x | 0.00x | $-3.40 Million |
| 2016 | 91.23% | 11.95% | 2.20x | 3.47x | $1.52 Million |
| 2017 | -156.81% | -12.52% | 1.96x | 6.39x | $-1.87 Million |
| 2018 | 0.00% | -14.47% | 1.49x | 0.00x | $-1.96 Million |
| 2019 | -13.38% | -3.53% | 1.44x | 2.64x | $-1.30 Million |
| 2020 | -113.01% | -23.71% | 0.99x | 4.80x | $-3.52 Million |
| 2021 | -147.79% | -51.77% | 0.85x | 3.34x | $-6.26 Million |
| 2022 | -20.49% | -4.20% | 1.44x | 3.38x | $-1.49 Million |
| 2023 | -371.69% | -20.10% | 1.53x | 12.12x | $-4.16 Million |
Industry Comparison
This section compares FLYHT Aerospace Solutions Ltd'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 |
|---|---|---|---|---|
| FLYHT Aerospace Solutions Ltd (FLYLF) | $-3.45 Million | 0.00% | N/A | $8.69 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 |