Rivalry Corp
Rivalry Corp., through its subsidiaries, operates as a sport betting and media property that offers regulated online wagering on esports, sports, and casino for bettors. It also offers develops and offers third-party casino products, such as Rushlane and Aviator. The company was incorporated in 2016 and is headquartered in Toronto, Canada.
Rivalry Corp (RVLCF) - Net Assets
Latest net assets as of June 2024: $-8.98 Million USD
Based on the latest financial reports, Rivalry Corp (RVLCF) has net assets worth $-8.98 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.12 Million) and total liabilities ($15.10 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 | $-8.98 Million |
| % of Total Assets | -146.78% |
| Annual Growth Rate | -34.33% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 258.11 |
Rivalry Corp - Net Assets Trend (2020–2023)
This chart illustrates how Rivalry Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Rivalry Corp (2020–2023)
The table below shows the annual net assets of Rivalry Corp from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $1.93 Million | -86.87% |
| 2022-12-31 | $14.70 Million | -62.29% |
| 2021-12-31 | $38.98 Million | +472.55% |
| 2020-12-31 | $6.81 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Rivalry Corp'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 7964208800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $95.96 Million | 4970.99% |
| Total Equity | $1.93 Million | 100.00% |
Rivalry Corp Competitors by Market Cap
The table below lists competitors of Rivalry Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PRCRF
PINK:PRCRF
|
$3.30 Million |
|
Landi Renzo S.p.A.
F:ARQ0
|
$3.30 Million |
|
Buyuk Sefler Gida Turizm
IS:BIGCH
|
$3.30 Million |
|
ANORF
PINK:ANORF
|
$3.30 Million |
|
LuxUrban Hotels Inc.
NASDAQ:LUXH
|
$3.30 Million |
|
NEOLIFE EO -10
F:8JB
|
$3.30 Million |
|
Skyfii Limited
PINK:SFIIF
|
$3.30 Million |
|
Renegade Exploration Ltd
AU:RNX
|
$3.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rivalry Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 14,701,067 to 1,930,340, a change of -12,770,727 (-86.9%).
- Net loss of 23,796,497 reduced equity.
- New share issuances of 7,033,652 increased equity.
- Other factors increased equity by 3,992,118.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-23.80 Million | -1232.76% |
| Share Issuances | $7.03 Million | +364.37% |
| Other Changes | $3.99 Million | +206.81% |
| Total Change | $- | -86.87% |
Book Value vs Market Value Analysis
This analysis compares Rivalry Corp'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: 2.35x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.57x to 2.35x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $0.12 | $0.07 | x |
| 2021-12-31 | $0.64 | $0.07 | x |
| 2022-12-31 | $0.24 | $0.07 | x |
| 2023-12-31 | $0.03 | $0.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rivalry Corp 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): -1232.76%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -146.55%
- • Asset Turnover: 1.08x
- • Equity Multiplier: 7.81x
- Recent ROE (-1232.76%) is below the historical average (-402.31%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -101.34% | -446.52% | 0.20x | 1.12x | $-7.58 Million |
| 2021 | -63.42% | -223.13% | 0.27x | 1.04x | $-28.62 Million |
| 2022 | -211.71% | -317.35% | 0.54x | 1.23x | $-32.59 Million |
| 2023 | -1232.76% | -146.55% | 1.08x | 7.81x | $-23.99 Million |
Industry Comparison
This section compares Rivalry Corp's net assets metrics with peer companies in the Gambling industry.
Industry Context
- Industry: Gambling
- Average net assets among peers: $801,162,083
- Average return on equity (ROE) among peers: 8.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rivalry Corp (RVLCF) | $-8.98 Million | -101.34% | N/A | $3.30 Million |
| Apple iSports Group Inc (AAPI) | $-5.31 Million | 0.00% | 0.00x | $44.40 Million |
| Accel Entertainment Inc (ACEL) | $-43.01 Million | 0.00% | 0.00x | $465.17 Million |
| PlayAGS Inc (AGS) | $135.80 Million | -15.35% | 4.39x | $436.80 Million |
| AGTech Holdings Limited (AGTEF) | $2.30 Billion | 14.45% | 0.75x | $48.64 Million |
| Ainsworth Game Technology Limited (AINSF) | $320.24 Million | 1.65% | 0.33x | $27.14 Million |
| Aristocrat Leisure Limited (ARLUF) | $1.73 Billion | 31.32% | 2.37x | $20.17 Billion |
| Bragg Gaming Group Inc (BRAG) | $70.25 Million | -5.46% | 0.47x | $32.17 Million |
| Brightstar Lottery PLC (BRSL) | $1.98 Billion | 13.90% | 4.27x | $116.29K |
| Betsson AB (BTSBF) | $759.20 Million | 23.35% | 0.58x | $1.61 Billion |
| Betsson AB (publ) (BTSNY) | $759.20 Million | 23.35% | 0.58x | $1.39 Billion |