Payfare Inc
Payfare Inc., a financial technology company, provides instant payout and digital banking solutions to gig economy workers in Canada, the United States, and Mexico. The company offers PayFare, a platform that provides access to earnings, as well as banking services, such as ATM withdrawals, money transfers, payment cards, and mobile wallets; Paid Portal by Payfare, a payout solution for gig workf… Read more
Payfare Inc (PYFRF) - Net Assets
Latest net assets as of September 2024: $87.33 Million USD
Based on the latest financial reports, Payfare Inc (PYFRF) has net assets worth $87.33 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 ($368.36 Million) and total liabilities ($281.03 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 | $87.33 Million |
| % of Total Assets | 23.71% |
| Annual Growth Rate | 106.27% |
| 5-Year Change | 3492.87% |
| 10-Year Change | N/A |
| Growth Volatility | 410.75 |
Payfare Inc - Net Assets Trend (2016–2023)
This chart illustrates how Payfare 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 Payfare Inc (2016–2023)
The table below shows the annual net assets of Payfare Inc from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $71.25 Million | +43.57% |
| 2022-12-31 | $49.63 Million | +3.66% |
| 2021-12-31 | $47.87 Million | +493.71% |
| 2020-12-31 | $-12.16 Million | -713.18% |
| 2019-12-31 | $1.98 Million | +194.68% |
| 2018-12-31 | $-2.09 Million | -933.41% |
| 2017-12-31 | $251.32K | -44.03% |
| 2016-12-31 | $449.06K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Payfare 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 8732285000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $71.25 Million | 100.00% |
| Other Components | $92.31 Million | 129.56% |
| Total Equity | $71.25 Million | 100.00% |
Payfare Inc Competitors by Market Cap
The table below lists competitors of Payfare Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Creative Newtech Limited
NSE:CREATIVE
|
$53.71 Million |
|
NSTS Bancorp Inc
NASDAQ:NSTS
|
$53.73 Million |
|
BTCS INC. DL-001
F:BIC
|
$53.75 Million |
|
Smart Radar System Inc.
KQ:424960
|
$53.76 Million |
|
Tinde Sparebank
OL:TINDE
|
$53.71 Million |
|
AGROB Immobilien AG
F:AGR3
|
$53.71 Million |
|
Tonymoly Co Ltd
KO:214420
|
$53.69 Million |
|
DR.Wu Skincare Co Ltd
TWO:6523
|
$53.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Payfare Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 49,625,506 to 71,246,098, a change of 21,620,592 (43.6%).
- Net income of 13,124,045 contributed positively to equity growth.
- Share repurchases of 1,894,749 reduced equity.
- Other comprehensive income increased equity by 79,781.
- Other factors increased equity by 10,311,515.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $13.12 Million | +18.42% |
| Share Repurchases | $1.89 Million | -2.66% |
| Other Comprehensive Income | $79.78K | +0.11% |
| Other Changes | $10.31 Million | +14.47% |
| Total Change | $- | 43.57% |
Book Value vs Market Value Analysis
This analysis compares Payfare 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: 0.94x
- 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 131.83x to 0.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $0.01 | $1.43 | x |
| 2017-12-31 | $0.01 | $1.43 | x |
| 2018-12-31 | $-0.05 | $1.43 | x |
| 2019-12-31 | $0.01 | $1.43 | x |
| 2020-12-31 | $-0.06 | $1.43 | x |
| 2021-12-31 | $1.11 | $1.43 | x |
| 2022-12-31 | $1.08 | $1.43 | x |
| 2023-12-31 | $1.52 | $1.43 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Payfare 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): 18.42%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.05%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 4.23x
- Recent ROE (18.42%) is above the historical average (-850.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -1032.57% | -19377.58% | 0.03x | 1.81x | $-4.68 Million |
| 2017 | -4535.43% | -982.10% | 0.12x | 38.89x | $-11.42 Million |
| 2018 | 0.00% | -373.60% | 0.31x | 0.00x | $-13.20 Million |
| 2019 | -1205.39% | -378.83% | 0.18x | 18.17x | $-24.10 Million |
| 2020 | 0.00% | -195.72% | 0.42x | 0.00x | $-25.11 Million |
| 2021 | -44.65% | -48.83% | 0.20x | 4.69x | $-26.16 Million |
| 2022 | -5.92% | -2.26% | 0.60x | 4.37x | $-7.90 Million |
| 2023 | 18.42% | 7.05% | 0.62x | 4.23x | $6.00 Million |
Industry Comparison
This section compares Payfare Inc's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $57,400,889
- Average return on equity (ROE) among peers: -399.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Payfare Inc (PYFRF) | $87.33 Million | -1032.57% | 3.22x | $53.71 Million |
| Automatic Bank Services Limited (ABANF) | $131.86 Million | 11.02% | 0.13x | $269.02 Million |
| ACI Worldwide Inc (ACIW) | $1.20 Million | -2791.67% | 47.83x | $3.94 Billion |
| Adyen N.V (ADYYF) | $245.83 Million | 13.67% | 2.34x | $34.24 Billion |
| Aeva Technologies, Inc. Common Stock (AEVA) | $228.44 Million | -65.37% | 0.13x | $390.34 Million |
| Aeva Technologies, Inc. Warrants (AEVAW) | $99.35 Million | -153.25% | 0.48x | $3.74 Million |
| Affluence Corporation (AFFU) | $-3.56 Million | 0.00% | 0.00x | $3.98K |
| Axe Compute Inc. (AGPU) | $2.64 Million | -979.47% | 3.94x | $2.57 Million |
| C3 Ai Inc (AI) | $-165.43 Million | 0.00% | 0.00x | $1.13 Billion |
| iLearningEngines, Inc. (AILE) | $22.26 Million | -19.80% | 1.11x | $17.39 Million |
| PowerFleet, Inc. (AIOT) | $11.41 Million | -12.13% | 0.13x | $364.77 Million |