COMTEX News Network Inc
Comtex News Network, Inc. provides electronic real-time news, and content and proprietary market products in the United States. The company receives, enhances, combines, and filters news and content received from national and international news bureaus, agencies, and publications. Its products comprise CustomWires, the real-time and subject-specific newswires, such as finance, business, foreign e… Read more
COMTEX News Network Inc (CMTX) - Net Assets
Latest net assets as of March 2010: $1.80 Million USD
Based on the latest financial reports, COMTEX News Network Inc (CMTX) has net assets worth $1.80 Million USD as of March 2010.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.91 Million) and total liabilities ($1.11 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 | $1.80 Million |
| % of Total Assets | 61.87% |
| Annual Growth Rate | -2.16% |
| 5-Year Change | 380.9% |
| 10-Year Change | N/A |
| Growth Volatility | 69.92 |
COMTEX News Network Inc - Net Assets Trend (2000–2009)
This chart illustrates how COMTEX News Network 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 COMTEX News Network Inc (2000–2009)
The table below shows the annual net assets of COMTEX News Network Inc from 2000 to 2009.
| Year | Net Assets | Change |
|---|---|---|
| 2009-06-30 | $1.95 Million | +6.95% |
| 2008-06-30 | $1.83 Million | +64.60% |
| 2007-06-30 | $1.11 Million | +51.89% |
| 2006-06-30 | $730.57K | +79.86% |
| 2005-06-30 | $406.19K | +225.90% |
| 2004-06-30 | $-322.64K | -141.07% |
| 2003-06-30 | $785.62K | -62.59% |
| 2002-06-30 | $2.10 Million | -32.46% |
| 2001-06-30 | $3.11 Million | +30.76% |
| 2000-06-30 | $2.38 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to COMTEX News Network 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 267565400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2009)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $157.94K | 8.09% |
| Other Components | $13.60 Million | 696.07% |
| Total Equity | $1.95 Million | 100.00% |
COMTEX News Network Inc Competitors by Market Cap
The table below lists competitors of COMTEX News Network Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Medivolve Inc
PINK:MEDVF
|
$54.04K |
|
Nuheara Limited
PINK:NUHRF
|
$54.11K |
|
TORAY IND INC
BE:TOR1
|
$54.12K |
|
Foresight Group Holdings Limited
LSE:FSG
|
$54.13K |
|
Plasmapp Co. Ltd.
KO:405000
|
$53.97K |
|
Xunlei Ltd
STU:4XN
|
$53.91K |
|
MYRIAD GENETICS
BE:MYD
|
$53.84K |
|
YIRG
MC:YIRG
|
$53.82K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in COMTEX News Network Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2008 to 2009, total equity changed from 1,826,417 to 1,953,344, a change of 126,927 (6.9%).
- Net income of 91,927 contributed positively to equity growth.
- Other factors increased equity by 35,000.
Equity Change Factors (2008 to 2009)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $91.93K | +4.71% |
| Other Changes | $35.00K | +1.79% |
| Total Change | $- | 6.95% |
Book Value vs Market Value Analysis
This analysis compares COMTEX News Network 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: 0.05x
- 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 |
|---|---|---|---|
| 2000-06-30 | $187.70 | $5.75 | x |
| 2001-06-30 | $222.58 | $5.75 | x |
| 2002-06-30 | $185.05 | $5.75 | x |
| 2003-06-30 | $59.59 | $5.75 | x |
| 2004-06-30 | $-23.79 | $5.75 | x |
| 2005-06-30 | $27.68 | $5.75 | x |
| 2006-06-30 | $53.42 | $5.75 | x |
| 2007-06-30 | $77.93 | $5.75 | x |
| 2008-06-30 | $117.92 | $5.75 | x |
| 2009-06-30 | $125.21 | $5.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently COMTEX News Network 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): 4.71%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.44%
- • Asset Turnover: 2.26x
- • Equity Multiplier: 1.45x
- Recent ROE (4.71%) is above the historical average (-2.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 52.21% | 9.82% | 2.12x | 2.51x | $1.00 Million |
| 2001 | 8.54% | 1.60% | 2.53x | 2.11x | $-45.47K |
| 2002 | -64.81% | -11.11% | 2.19x | 2.67x | $-1.57 Million |
| 2003 | -170.17% | -14.42% | 2.67x | 4.42x | $-1.42 Million |
| 2004 | 0.00% | -14.85% | 3.06x | 0.00x | $-1.18 Million |
| 2005 | 179.37% | 9.14% | 2.97x | 6.60x | $687.97K |
| 2006 | -62.71% | -5.97% | 2.59x | 4.06x | $-531.16K |
| 2007 | -9.63% | -1.51% | 3.10x | 2.06x | $-217.79K |
| 2008 | 39.06% | 10.09% | 2.49x | 1.55x | $530.84K |
| 2009 | 4.71% | 1.44% | 2.26x | 1.45x | $-103.41K |
Industry Comparison
This section compares COMTEX News Network Inc's net assets metrics with peer companies in the Publishing industry.
Industry Context
- Industry: Publishing
- Average net assets among peers: $85,977,960
- Average return on equity (ROE) among peers: -10.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| COMTEX News Network Inc (CMTX) | $1.80 Million | 52.21% | 0.62x | $53.99K |
| Dallasnews Corp (DALN) | $12.36 Million | -79.16% | 4.85x | $64.35 Million |
| Digitiliti Inc (DIGI) | $-3.26 Million | 0.00% | 0.00x | $0.95 |
| The Detroit Legal News Company (DTRL) | $13.13 Million | 29.84% | 0.39x | $2.95 Million |
| Educational Development Corporation (EDUC) | $12.58 Million | 2.84% | 0.33x | $8.68 Million |
| Fame Productions Inc (FMPR) | $-616.17K | 0.00% | 0.00x | $489.02 |
| FP Newspapers Inc (FPNUF) | $52.21 Million | 8.52% | 0.01x | $1.85 Million |
| Future plc (FRNWF) | $195.57 Million | -31.07% | 0.78x | $707.50 Million |
| Gannett Co Inc (GCI) | $295.37 Million | -26.41% | 7.10x | $199.39 Million |
| Glacier Media Inc (GLMFF) | $196.46 Million | -2.48% | 0.38x | $4.43 Million |