Ballistic Recovery Systems Inc
Ballistic Recovery Systems Inc. develops and commercializes parachute systems in the United States. The company operates in three segments: Aviation, Defense, and Space. The Aviation segment designs, tests, and produces whole-aircraft emergency recovery parachute systems for the general aviation and recreational aircraft industries. The Defense segment designs, tests, and produces personnel parac… Read more
Ballistic Recovery Systems Inc (BRSI) - Net Assets
Latest net assets as of September 2008: $5.30 Million USD
Based on the latest financial reports, Ballistic Recovery Systems Inc (BRSI) has net assets worth $5.30 Million USD as of September 2008.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($11.69 Million) and total liabilities ($6.38 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 | $5.30 Million |
| % of Total Assets | 45.38% |
| Annual Growth Rate | 42.24% |
| 5-Year Change | 88.64% |
| 10-Year Change | 657.61% |
| Growth Volatility | 74.08 |
Ballistic Recovery Systems Inc - Net Assets Trend (1995–2008)
This chart illustrates how Ballistic Recovery Systems 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 Ballistic Recovery Systems Inc (1995–2008)
The table below shows the annual net assets of Ballistic Recovery Systems Inc from 1995 to 2008.
| Year | Net Assets | Change |
|---|---|---|
| 2008-09-30 | $5.30 Million | -0.13% |
| 2007-09-30 | $5.31 Million | +76.84% |
| 2006-09-30 | $3.00 Million | +22.66% |
| 2005-09-30 | $2.45 Million | -12.92% |
| 2004-09-30 | $2.81 Million | +23.82% |
| 2003-09-30 | $2.27 Million | +13.01% |
| 2002-09-30 | $2.01 Million | +31.84% |
| 2001-09-30 | $1.52 Million | +88.69% |
| 2000-09-30 | $807.62K | +15.37% |
| 1999-09-30 | $700.00K | +0.25% |
| 1998-09-30 | $698.24K | +28.28% |
| 1997-09-30 | $544.30K | +226.91% |
| 1996-09-30 | $166.50K | +206.44% |
| 1995-09-30 | $54.33K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ballistic Recovery Systems 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 246350300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2008)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $113.31K | 2.14% |
| Other Components | $10.26 Million | 193.54% |
| Total Equity | $5.30 Million | 100.00% |
Ballistic Recovery Systems Inc Competitors by Market Cap
The table below lists competitors of Ballistic Recovery Systems Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Homestead Gold and Silver Ltd
PINK:SNLM
|
$1.81 |
|
Cptl Grp Hldngs
PINK:CGHC
|
$1.81 |
|
Cbd of Denver Inc
PINK:CBDD
|
$1.82 |
|
Appliqate Inc
PINK:APQT
|
$1.82 |
|
Cannalink Inc
PINK:CNLK
|
$1.81 |
|
USA Real Estate Holding Co
PINK:USTC
|
$1.81 |
|
Forecastagility Corporation
PINK:FCGY
|
$1.81 |
|
Axis Energy Corp
PINK:AXGC
|
$1.80 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ballistic Recovery Systems Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2007 to 2008, total equity changed from 5,310,147 to 5,303,249, a change of -6,898 (-0.1%).
- Net loss of 571,178 reduced equity.
- Other factors increased equity by 564,280.
Equity Change Factors (2007 to 2008)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-571.18K | -10.77% |
| Other Changes | $564.28K | +10.64% |
| Total Change | $- | -0.13% |
Book Value vs Market Value Analysis
This analysis compares Ballistic Recovery Systems 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: 0.00x
- 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 |
|---|---|---|---|
| 1995-09-30 | $0.01 | $0.00 | x |
| 1996-09-30 | $0.03 | $0.00 | x |
| 1997-09-30 | $0.11 | $0.00 | x |
| 1998-09-30 | $0.14 | $0.00 | x |
| 1999-09-30 | $0.12 | $0.00 | x |
| 2000-09-30 | $0.13 | $0.00 | x |
| 2001-09-30 | $0.25 | $0.00 | x |
| 2002-09-30 | $0.32 | $0.00 | x |
| 2003-09-30 | $0.36 | $0.00 | x |
| 2004-09-30 | $0.41 | $0.00 | x |
| 2005-09-30 | $0.33 | $0.00 | x |
| 2006-09-30 | $0.38 | $0.00 | x |
| 2007-09-30 | $0.52 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ballistic Recovery Systems 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): -10.77%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.48%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 2.20x
- Recent ROE (-10.77%) is below the historical average (19.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 83.75% | 4.00% | 4.05x | 5.17x | $40.07K |
| 1996 | 67.37% | 6.48% | 1.99x | 5.21x | $95.52K |
| 1997 | 68.40% | 20.07% | 1.55x | 2.20x | $317.87K |
| 1998 | 20.68% | 8.90% | 1.18x | 1.97x | $74.59K |
| 1999 | 0.75% | 0.29% | 1.50x | 1.71x | $-64.77K |
| 2000 | 9.75% | 3.34% | 1.51x | 1.93x | $-2.05K |
| 2001 | 39.31% | 15.89% | 1.77x | 1.40x | $446.62K |
| 2002 | 30.10% | 11.96% | 1.81x | 1.39x | $403.89K |
| 2003 | 24.20% | 8.39% | 2.26x | 1.28x | $322.51K |
| 2004 | 10.72% | 4.60% | 1.84x | 1.26x | $20.34K |
| 2005 | -45.74% | -13.80% | 1.75x | 1.90x | $-1.36 Million |
| 2006 | 0.91% | 0.30% | 1.70x | 1.80x | $-272.91K |
| 2007 | -31.66% | -17.88% | 1.43x | 1.24x | $-2.21 Million |
| 2008 | -10.77% | -5.48% | 0.89x | 2.20x | $-1.10 Million |
Industry Comparison
This section compares Ballistic Recovery Systems Inc's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $301,480,945
- Average return on equity (ROE) among peers: 29.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ballistic Recovery Systems Inc (BRSI) | $5.30 Million | 83.75% | 1.20x | $1.81 |
| Alabama Aircraft Industries Inc (AAIIQ) | $3.00 Million | 70.00% | 22.83x | $0.97 |
| AAC Clyde Space AB (ACCMF) | $662.75 Million | -6.24% | 0.42x | $49.09 Million |
| Archer Aviation Inc (ACHR) | $698.90 Million | -49.76% | 0.10x | $3.44 Billion |
| American Defense Systems Inc (ADFS) | $9.01 Million | 34.56% | 0.45x | $4.85K |
| AAR Corp (AIR) | $866.00 Million | 7.82% | 1.54x | $4.16 Billion |
| Air Industries Group (AIRI) | $21.61 Million | 17.30% | 1.32x | $12.09 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $548.73 Million | -7.05% | 0.28x | $168.72 Million |
| Philly Shipyard ASA (AKRRF) | $155.58 Million | 43.21% | 0.63x | $13.32 Million |
| ASI Aviation Inc (ASAV) | $6.88 | 150.58% | 2.47x | $2.48 Million |
| Astronics Corporation (ATRO) | $49.23 Million | 31.26% | 1.11x | $2.35 Billion |