Archon Corporation
Archon Corporation, through its subsidiary, Pioneer Hotel Inc., engages in the ownership, management, and operation of casinos and hotels in the United States. It operates the Pioneer Hotel & Gambling Hall (the Pioneer) in Laughlin, Nevada that consists of a casino. The company also owns real estate properties on Las Vegas Boulevard South in Las Vegas, Nevada; and rental properties that include c… Read more
Archon Corporation (ARHN) - Net Assets
Latest net assets as of December 2010: $48.97 Million USD
Based on the latest financial reports, Archon Corporation (ARHN) has net assets worth $48.97 Million USD as of December 2010.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($184.17 Million) and total liabilities ($135.20 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 | $48.97 Million |
| % of Total Assets | 26.59% |
| Annual Growth Rate | 6.17% |
| 5-Year Change | 136.64% |
| 10-Year Change | 32.67% |
| Growth Volatility | 547.87 |
Archon Corporation - Net Assets Trend (1985–2010)
This chart illustrates how Archon Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Archon Corporation (1985–2010)
The table below shows the annual net assets of Archon Corporation from 1985 to 2010.
| Year | Net Assets | Change |
|---|---|---|
| 2010-09-30 | $51.43 Million | -3.24% |
| 2009-09-30 | $53.15 Million | -4.41% |
| 2008-09-30 | $55.61 Million | +2584.19% |
| 2007-09-30 | $2.07 Million | -90.47% |
| 2006-09-30 | $21.73 Million | +1.63% |
| 2005-09-30 | $21.38 Million | -4.50% |
| 2004-09-30 | $22.39 Million | -9.15% |
| 2003-09-30 | $24.65 Million | -21.24% |
| 2002-09-30 | $31.30 Million | -19.27% |
| 2001-09-30 | $38.77 Million | +187.85% |
| 2000-09-30 | $-44.13 Million | +25.46% |
| 1999-09-30 | $-59.20 Million | -42.70% |
| 1998-09-30 | $-41.48 Million | -298.88% |
| 1997-09-30 | $20.86 Million | -35.77% |
| 1996-09-30 | $32.48 Million | +118.19% |
| 1995-09-30 | $14.88 Million | -59.66% |
| 1994-09-30 | $36.90 Million | -29.98% |
| 1993-09-30 | $52.70 Million | +208.19% |
| 1992-09-30 | $17.10 Million | -28.45% |
| 1991-09-30 | $23.90 Million | -32.10% |
| 1990-09-30 | $35.20 Million | -4.09% |
| 1989-09-30 | $36.70 Million | +4.26% |
| 1988-09-30 | $35.20 Million | -2.76% |
| 1987-09-30 | $36.20 Million | +204.20% |
| 1986-09-30 | $11.90 Million | +3.48% |
| 1985-09-30 | $11.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Archon Corporation'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 378.0% over the analyzed period, potentially due to dividend distributions or operating losses.
- The company has 7.8% of equity in treasury stock, representing shares repurchased from the open market.
Current Equity Component Breakdown (September 2010)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $63.17K | 0.12% |
| Treasury Stock | $4.03 Million | 7.84% |
| Other Comprehensive Income | $-286.65K | -0.56% |
| Other Components | $63.19 Million | 122.87% |
| Total Equity | $51.43 Million | 100.00% |
Archon Corporation Competitors by Market Cap
The table below lists competitors of Archon Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
All Things Mobile Analytic Inc
PINK:ATMH
|
$132.73K |
|
CI U.S. Monthly Income Private Pool
TO:CUIG
|
$132.76K |
|
EMBR3F
SA:EMBR3F
|
$132.83K |
|
HEALTH AND PL.PROT.GROUP
F:0EG0
|
$132.88K |
|
Danske Invest Euro Investment Grade-Obligationer
CO:DKIEIGO
|
$132.58K |
|
Tadir-Gan (Precision Products) 1993 Ltd
TA:TDGN
|
$132.47K |
|
AgomAb Therapeutics NV American Depositary Shares
NASDAQ:AGMB
|
$132.29K |
|
Cirsa Enterprises SAU
MC:CIRSA
|
$132.23K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Archon Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2009 to 2010, total equity changed from 53,151,934 to 51,428,226, a change of -1,723,708 (-3.2%).
- Net loss of 1,123,868 reduced equity.
- Share repurchases of 4,039,126 reduced equity.
- Other comprehensive income decreased equity by 286,655.
- Other factors increased equity by 3,725,941.
Equity Change Factors (2009 to 2010)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.12 Million | -2.19% |
| Share Repurchases | $4.04 Million | -7.85% |
| Other Comprehensive Income | $-286.65K | -0.56% |
| Other Changes | $3.73 Million | +7.24% |
| Total Change | $- | -3.24% |
Book Value vs Market Value Analysis
This analysis compares Archon Corporation'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: 1.66x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 7.54x to 1.66x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-09-30 | $1.86 | $14.00 | x |
| 1986-09-30 | $1.92 | $14.00 | x |
| 1987-09-30 | $5.84 | $14.00 | x |
| 1988-09-30 | $5.68 | $14.00 | x |
| 1989-09-30 | $5.92 | $14.00 | x |
| 1990-09-30 | $5.68 | $14.00 | x |
| 1991-09-30 | $3.86 | $14.00 | x |
| 1992-09-30 | $2.76 | $14.00 | x |
| 1993-09-30 | $8.51 | $14.00 | x |
| 1994-09-30 | $5.96 | $14.00 | x |
| 1995-09-30 | $2.40 | $14.00 | x |
| 1996-09-30 | $5.24 | $14.00 | x |
| 1997-09-30 | $3.37 | $14.00 | x |
| 1998-09-30 | $-6.70 | $14.00 | x |
| 1999-09-30 | $-9.56 | $14.00 | x |
| 2000-09-30 | $-6.47 | $14.00 | x |
| 2001-09-30 | $5.69 | $14.00 | x |
| 2002-09-30 | $5.06 | $14.00 | x |
| 2003-09-30 | $3.96 | $14.00 | x |
| 2004-09-30 | $3.58 | $14.00 | x |
| 2005-09-30 | $3.43 | $14.00 | x |
| 2006-09-30 | $3.49 | $14.00 | x |
| 2007-09-30 | $0.32 | $14.00 | x |
| 2008-09-30 | $7.86 | $14.00 | x |
| 2009-09-30 | $8.36 | $14.00 | x |
| 2010-09-30 | $8.44 | $14.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Archon Corporation 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): -2.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.79%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 3.58x
- Recent ROE (-2.19%) is above the historical average (-2.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | -5.22% | -0.68% | 0.73x | 10.43x | $-1.75 Million |
| 1986 | 3.36% | 0.43% | 0.80x | 9.80x | $-790.00K |
| 1987 | 0.83% | 0.31% | 0.76x | 3.54x | $-3.32 Million |
| 1988 | -1.99% | -0.75% | 0.63x | 4.25x | $-4.22 Million |
| 1989 | 4.09% | 1.03% | 0.41x | 9.67x | $-2.17 Million |
| 1990 | -3.98% | -0.94% | 0.43x | 9.95x | $-4.92 Million |
| 1991 | -38.08% | -5.44% | 0.44x | 15.81x | $-11.49 Million |
| 1992 | -38.01% | -2.93% | 0.62x | 21.03x | $-8.21 Million |
| 1993 | -2.09% | -0.44% | 0.63x | 7.50x | $-6.37 Million |
| 1994 | -42.55% | -6.18% | 0.53x | 12.97x | $-19.39 Million |
| 1995 | -148.09% | -8.78% | 0.68x | 24.63x | $-23.53 Million |
| 1996 | 54.18% | 11.85% | 0.65x | 7.04x | $14.35 Million |
| 1997 | -55.69% | -11.07% | 0.49x | 10.37x | $-13.70 Million |
| 1998 | 0.00% | -55.24% | 0.59x | 0.00x | $-58.19 Million |
| 1999 | 0.00% | -14.17% | 0.71x | 0.00x | $-11.88 Million |
| 2000 | 0.00% | 11.54% | 0.90x | 0.00x | $19.54 Million |
| 2001 | 230.05% | 185.78% | 0.19x | 6.44x | $85.31 Million |
| 2002 | -24.63% | -15.80% | 0.20x | 7.74x | $-10.84 Million |
| 2003 | -30.23% | -16.14% | 0.19x | 9.66x | $-9.92 Million |
| 2004 | -8.40% | -4.12% | 0.22x | 9.24x | $-4.12 Million |
| 2005 | -22.97% | -11.24% | 0.22x | 9.34x | $-7.05 Million |
| 2006 | -15.44% | -7.43% | 0.23x | 9.11x | $-5.53 Million |
| 2007 | -16.51% | -0.76% | 0.21x | 106.19x | $-549.19K |
| 2008 | 105.75% | 136.12% | 0.21x | 3.78x | $53.24 Million |
| 2009 | -4.70% | -7.81% | 0.16x | 3.71x | $-7.81 Million |
| 2010 | -2.19% | -4.79% | 0.13x | 3.58x | $-6.27 Million |
Industry Comparison
This section compares Archon Corporation's net assets metrics with peer companies in the Resorts & Casinos industry.
Industry Context
- Industry: Resorts & Casinos
- Average net assets among peers: $4,286,127,046
- Average return on equity (ROE) among peers: -1.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Archon Corporation (ARHN) | $48.97 Million | -5.22% | 2.76x | $132.68K |
| Bally's Corp (BALY) | $211.41 Million | 26.08% | 3.83x | $133.77 Million |
| Bloomberry Resorts Corporation (BLBRF) | $30.29 Billion | 20.05% | 1.40x | $522.71 Million |
| Blue Ridge Real Estate Company (BRRE) | $-708.73K | 0.00% | 0.00x | $8.61 Million |
| Boyd Gaming Corporation (BYD) | $1.11 Billion | 10.52% | 2.51x | $4.44 Billion |
| Banyan Tree Holdings Limited (BYNEF) | $719.75 Million | 1.87% | 1.27x | $195.40K |
| Concorde Gaming Corporation (CGAM) | $1.98 Million | -48.86% | 7.92x | $0.91 |
| Century Casinos Inc (CNTY) | $126.98 Million | -37.80% | 4.36x | $29.64 Million |
| Canterbury Park Holding Corporation (CPHC) | $49.42 Million | 5.50% | 0.32x | $39.22 Million |
| Caesars Entertainment Corporation (CZR) | $6.07 Billion | 8.83% | 2.67x | $3.95 Billion |