Splitit Payments Ltd
Splitit Payments Ltd, together with its subsidiaries, provides payment solution services in North America, the United Kingdom, Europe, and Australia. Its solution enables customers to pay for instalments with an existing credit with no applications, redirects or loans. Splitit Payments Ltd was incorporated in 2008 and is headquartered in Atlanta, Georgia.
Splitit Payments Ltd (STTTF) - Net Assets
Latest net assets as of December 2022: $26.49 Million USD
Based on the latest financial reports, Splitit Payments Ltd (STTTF) has net assets worth $26.49 Million USD as of December 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($103.69 Million) and total liabilities ($77.20 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 | $26.49 Million |
| % of Total Assets | 25.55% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 163.6 |
Splitit Payments Ltd - Net Assets Trend (2016–2022)
This chart illustrates how Splitit Payments 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 Splitit Payments Ltd (2016–2022)
The table below shows the annual net assets of Splitit Payments Ltd from 2016 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $26.49 Million | -32.41% |
| 2021-12-31 | $39.19 Million | -58.18% |
| 2020-12-31 | $93.70 Million | +301.04% |
| 2019-12-31 | $23.36 Million | +278.15% |
| 2018-12-31 | $-13.11 Million | -48.18% |
| 2017-12-31 | $-8.85 Million | -53.13% |
| 2016-12-31 | $-5.78 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Splitit Payments 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 11731174300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $131.56 Million | 496.70% |
| Other Components | $19.88 Million | 75.06% |
| Total Equity | $26.49 Million | 100.00% |
Splitit Payments Ltd Competitors by Market Cap
The table below lists competitors of Splitit Payments Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MPC CAPITAL - Dusseldorf Stock Exchang
DU:MPCK
|
$48.85K |
|
HOPIUM S.A. EO-01
F:05B
|
$48.89K |
|
BIESSE (BI2.SG)
STU:BI2
|
$48.92K |
|
EIGHT CAP PARTNE.LS-0001
F:ECS
|
$48.94K |
|
Argo Blockchain plc 8.75% Senior Notes due 2026
NASDAQ:ARBKL
|
$48.81K |
|
SANB11F
SA:SANB11F
|
$48.80K |
|
BTLT39
SA:BTLT39
|
$48.78K |
|
FIRSTRAND
MU:FSRA
|
$48.78K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Splitit Payments Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 39,188,000 to 26,488,000, a change of -12,700,000 (-32.4%).
- Net loss of 22,614,000 reduced equity.
- Share repurchases of 434,000 reduced equity.
- New share issuances of 7,297,000 increased equity.
- Other factors increased equity by 3,051,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-22.61 Million | -85.37% |
| Share Repurchases | $434.00K | -1.64% |
| Share Issuances | $7.30 Million | +27.55% |
| Other Changes | $3.05 Million | +11.52% |
| Total Change | $- | -32.41% |
Book Value vs Market Value Analysis
This analysis compares Splitit Payments 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: 0.00x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $0.07 | $0.00 | x |
| 2020-12-31 | $0.21 | $0.00 | x |
| 2021-12-31 | $0.08 | $0.00 | x |
| 2022-12-31 | $0.05 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Splitit Payments 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): -85.37%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -213.54%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 3.91x
- Recent ROE (-85.37%) is below the historical average (-50.45%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 0.00% | -2165.81% | 0.19x | 0.00x | $-2.28 Million |
| 2017 | 0.00% | -1314.20% | 0.25x | 0.00x | $-2.54 Million |
| 2018 | 0.00% | -587.78% | 0.23x | 0.00x | $-3.33 Million |
| 2019 | -131.18% | -1304.18% | 0.09x | 1.10x | $-32.99 Million |
| 2020 | -35.29% | -380.89% | 0.05x | 2.04x | $-42.44 Million |
| 2021 | -101.28% | -379.98% | 0.10x | 2.77x | $-43.61 Million |
| 2022 | -85.37% | -213.54% | 0.10x | 3.91x | $-25.26 Million |
Industry Comparison
This section compares Splitit Payments Ltd's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $237,144,588
- Average return on equity (ROE) among peers: -85.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Splitit Payments Ltd (STTTF) | $26.49 Million | 0.00% | 2.91x | $48.83K |
| Automatic Bank Services Limited (ABANF) | $231.37 Million | 16.52% | 0.19x | $269.02 Million |
| ACI Worldwide Inc (ACIW) | $76.50 Million | 16.47% | 0.61x | $4.01 Billion |
| Adyen N.V (ADYYF) | $389.78 Million | 18.29% | 1.92x | $34.24 Billion |
| Aeva Technologies, Inc. Common Stock (AEVA) | $99.35 Million | -153.25% | 0.48x | $418.95 Million |
| Aeva Technologies, Inc. Warrants (AEVAW) | $456.38 Million | -22.32% | 0.05x | $3.74 Million |
| Affluence Corporation (AFFU) | $-639.00K | 0.00% | 0.00x | $3.98K |
| Axe Compute Inc. (AGPU) | $923.68K | -706.52% | 2.04x | $2.86 Million |
| C3 Ai Inc (AI) | $838.30 Million | -34.44% | 0.22x | $1.15 Billion |
| iLearningEngines, Inc. (AILE) | $264.32 Million | 1.83% | 0.09x | $17.39 Million |
| PowerFleet, Inc. (AIOT) | $15.17 Million | 5.61% | 0.31x | $383.57 Million |