Meritage Hospitality Group Inc
Meritage Hospitality Group Inc., together with its subsidiaries, operates quick-service and casual dining restaurants. The company operates restaurants under the Wendy's, Morning Belle, and Stan's Tacos, as well as Blue Porch Bar & Grill brand names in Arkansas, Connecticut, Florida, Georgia, Indiana, Massachusetts, Michigan, Mississippi, Missouri, North Carolina, Ohio, Oklahoma, Tennessee, Texas… Read more
Meritage Hospitality Group Inc (MHGU) - Net Assets
Latest net assets as of September 2025: $114.64 Million USD
Based on the latest financial reports, Meritage Hospitality Group Inc (MHGU) has net assets worth $114.64 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($771.89 Million) and total liabilities ($657.25 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 | $114.64 Million |
| % of Total Assets | 14.85% |
| Annual Growth Rate | 14.97% |
| 5-Year Change | 30.88% |
| 10-Year Change | 527.34% |
| Growth Volatility | 57.75 |
Meritage Hospitality Group Inc - Net Assets Trend (2000–2024)
This chart illustrates how Meritage Hospitality Group 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 Meritage Hospitality Group Inc (2000–2024)
The table below shows the annual net assets of Meritage Hospitality Group Inc from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $128.81 Million | +5.55% |
| 2023-12-31 | $122.04 Million | +4.13% |
| 2022-12-31 | $117.20 Million | +7.83% |
| 2021-12-31 | $108.68 Million | +10.43% |
| 2020-12-31 | $98.42 Million | +18.47% |
| 2019-12-31 | $83.08 Million | +44.75% |
| 2018-12-31 | $57.39 Million | +49.20% |
| 2017-12-31 | $38.47 Million | +47.24% |
| 2016-12-31 | $26.13 Million | +27.24% |
| 2015-12-31 | $20.53 Million | +57.57% |
| 2014-12-31 | $13.03 Million | +21.02% |
| 2013-12-31 | $10.77 Million | +28.25% |
| 2012-12-31 | $8.40 Million | +141.20% |
| 2011-12-31 | $3.48 Million | +137.45% |
| 2010-12-31 | $1.47 Million | +322.80% |
| 2009-12-31 | $-658.00K | +49.27% |
| 2008-12-31 | $-1.30 Million | -226.70% |
| 2007-12-31 | $-397.00K | -128.48% |
| 2006-12-31 | $1.39 Million | -79.58% |
| 2005-12-31 | $6.83 Million | -43.95% |
| 2004-12-31 | $12.18 Million | +45.49% |
| 2003-12-31 | $8.37 Million | +10.05% |
| 2002-12-31 | $7.61 Million | +20.07% |
| 2001-12-31 | $6.34 Million | +39.86% |
| 2000-12-31 | $4.53 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Meritage Hospitality Group 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 grown by 8665100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $86.65 Million | 67.87% |
| Other Components | $41.02 Million | 32.13% |
| Total Equity | $127.67 Million | 100.00% |
Meritage Hospitality Group Inc Competitors by Market Cap
The table below lists competitors of Meritage Hospitality Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Petrolia SE
OL:PSE
|
$4.38 Million |
|
ALDUX
PA:ALDUX
|
$4.38 Million |
|
Bong AB (publ)
ST:BONG
|
$4.38 Million |
|
Eifelhöhen-Klinik AG
F:EIF
|
$4.38 Million |
|
PT Topindo Solusi Komunika Tbk
JK:TOSK
|
$4.38 Million |
|
BRALIRWA LTD
RSE:BLR
|
$4.38 Million |
|
Protektor S.A.
WAR:PRT
|
$4.38 Million |
|
PSPX
PINK:PSPX
|
$4.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Meritage Hospitality Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 121,143,000 to 127,673,000, a change of 6,530,000 (5.4%).
- Net income of 7,801,000 contributed positively to equity growth.
- Dividend payments of 2,294,000 reduced retained earnings.
- Share repurchases of 319,000 reduced equity.
- New share issuances of 122,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $7.80 Million | +6.11% |
| Dividends Paid | $2.29 Million | -1.8% |
| Share Repurchases | $319.00K | -0.25% |
| Share Issuances | $122.00K | +0.1% |
| Other Changes | $1.22 Million | +0.96% |
| Total Change | $- | 5.39% |
Book Value vs Market Value Analysis
This analysis compares Meritage Hospitality Group 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: 0.70x
- 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 2.18x to 0.70x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $6.22 | $13.55 | x |
| 2018-12-31 | $9.22 | $13.55 | x |
| 2019-12-31 | $12.74 | $13.55 | x |
| 2020-12-31 | $14.42 | $13.55 | x |
| 2021-12-31 | $16.16 | $13.55 | x |
| 2022-12-31 | $17.86 | $13.55 | x |
| 2023-12-31 | $18.59 | $13.55 | x |
| 2024-12-31 | $19.26 | $13.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Meritage Hospitality Group 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): 6.11%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.17%
- • Asset Turnover: 0.83x
- • Equity Multiplier: 6.35x
- Recent ROE (6.11%) is below the historical average (28.79%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 8.40% | 1.39% | 1.01x | 5.98x | $-101.70K |
| 2002 | 9.32% | 1.54% | 0.98x | 6.14x | $-51.90K |
| 2003 | 8.84% | 1.53% | 0.97x | 5.97x | $-97.40K |
| 2010 | 169.35% | 2.94% | 2.38x | 24.17x | $2.17 Million |
| 2011 | 67.54% | 2.52% | 2.10x | 12.78x | $1.97 Million |
| 2012 | 34.82% | 2.94% | 1.56x | 7.59x | $2.07 Million |
| 2013 | 28.50% | 2.22% | 1.92x | 6.68x | $1.98 Million |
| 2014 | 21.17% | 1.72% | 1.87x | 6.57x | $1.46 Million |
| 2015 | 34.23% | 3.35% | 1.93x | 5.31x | $4.97 Million |
| 2016 | 24.69% | 2.74% | 1.72x | 5.24x | $3.84 Million |
| 2017 | 23.43% | 2.87% | 1.33x | 6.15x | $5.14 Million |
| 2018 | 22.53% | 2.99% | 1.40x | 5.38x | $7.24 Million |
| 2019 | 14.91% | 2.58% | 0.69x | 8.38x | $3.97 Million |
| 2020 | 15.56% | 2.89% | 0.75x | 7.20x | $5.33 Million |
| 2021 | 16.50% | 3.02% | 0.76x | 7.17x | $6.87 Million |
| 2022 | 7.31% | 1.36% | 0.79x | 6.81x | $-3.13 Million |
| 2023 | 5.07% | 0.91% | 0.82x | 6.74x | $-5.98 Million |
| 2024 | 6.11% | 1.17% | 0.83x | 6.35x | $-4.97 Million |
Industry Comparison
This section compares Meritage Hospitality Group Inc's net assets metrics with peer companies in the Restaurants industry.
Industry Context
- Industry: Restaurants
- Average net assets among peers: $1,100,683,888
- Average return on equity (ROE) among peers: -9.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Meritage Hospitality Group Inc (MHGU) | $114.64 Million | 8.40% | 5.73x | $4.38 Million |
| Alsea S.A.B. de C.V (ALSSF) | $9.60 Billion | 31.08% | 7.07x | $902.51 Million |
| Arcos Dorados Holdings Inc (ARCO) | $695.30 Million | 7.75% | 2.14x | $952.86 Million |
| AmRest Holdings SE (ARHOF) | $264.70 Million | -68.76% | 6.99x | $477.90 Million |
| Ark Restaurants Corp (ARKR) | $7.80 Million | -3.85% | 0.72x | $10.36 Million |
| Big Buck Brewery & Steakhouse Inc (BBUCQ) | $5.62 Million | -39.20% | 3.43x | $1.94 |
| Flanigans Enterprises Inc (BDL) | $7.67 Million | 17.79% | 0.46x | $18.25 Million |
| Bagger Dave's Burger Tavern Inc (BDVB) | $2.41 Million | -143.08% | 1.53x | $654.12K |
| BurgerFi International, Inc. (BFICQ) | $78.95 Million | -131.01% | 2.51x | $1.57K |
| Biglari Holdings Inc (BH-A) | $1.80 Million | 233.33% | 36.28x | $310.04 Million |
| BJs Restaurants Inc (BJRI) | $345.51 Million | 1.18% | 2.51x | $663.68 Million |