Comvita Limited
Comvita Limited, together with its subsidiaries, engages in research, manufacturing, marketing, and distribution nature health products in Australia, New Zealand, Greater China, rest of Asia, North America, Europe, the Middle East, Africa, and internationally. The company offers Manuka honey, propolis, olive leaf extract, medihoney, bundles, bulk packs, and elixirs and lozenges, as well as oral c… Read more
Comvita Limited (CVNZF) - Net Assets
Latest net assets as of June 2024: $160.63 Million USD
Based on the latest financial reports, Comvita Limited (CVNZF) has net assets worth $160.63 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 ($307.86 Million) and total liabilities ($147.23 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 | $160.63 Million |
| % of Total Assets | 52.18% |
| Annual Growth Rate | 13.04% |
| 5-Year Change | -24.14% |
| 10-Year Change | 35.35% |
| Growth Volatility | 28.97 |
Comvita Limited - Net Assets Trend (2005–2024)
This chart illustrates how Comvita Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Comvita Limited (2005–2024)
The table below shows the annual net assets of Comvita Limited from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | $160.63 Million | -32.88% |
| 2023-06-30 | $239.32 Million | +4.97% |
| 2022-06-30 | $227.99 Million | +2.75% |
| 2021-06-30 | $221.88 Million | +4.78% |
| 2020-06-30 | $211.75 Million | +22.15% |
| 2019-06-30 | $173.35 Million | -8.61% |
| 2018-06-30 | $189.69 Million | +15.75% |
| 2017-06-30 | $163.88 Million | +24.30% |
| 2016-06-30 | $131.84 Million | +11.09% |
| 2015-06-30 | $118.68 Million | +30.13% |
| 2014-06-30 | $91.20 Million | +11.41% |
| 2013-06-30 | $81.86 Million | +8.32% |
| 2012-06-30 | $75.57 Million | +4.58% |
| 2011-06-30 | $72.26 Million | +9.63% |
| 2010-06-30 | $65.92 Million | +9.10% |
| 2009-06-30 | $60.42 Million | +100.66% |
| 2007-06-30 | $30.11 Million | +78.04% |
| 2006-06-30 | $16.91 Million | +8.10% |
| 2005-06-30 | $15.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Comvita Limited'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 1483.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $199.35 Million | 124.11% |
| Other Comprehensive Income | $-2.58 Million | -1.61% |
| Total Equity | $160.63 Million | 100.00% |
Comvita Limited Competitors by Market Cap
The table below lists competitors of Comvita Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Plan Optik AG
F:P4O
|
$14.00 Million |
|
Ruchira Papers Limited
NSE:RUCHIRA
|
$14.00 Million |
|
Kiattana Transport Public Company Limited
BK:KIAT
|
$14.00 Million |
|
The Trendlines Group Ltd
OTCQB:TRNGF
|
$14.00 Million |
|
Green Tech Ventures PCL
BK:GTV
|
$13.99 Million |
|
Compañía Minera Autlán S.A.B. de C.V
MX:AUTLANB
|
$13.99 Million |
|
PesoRama Inc.
PINK:PSSOF
|
$13.98 Million |
|
Nuriplan Co. Ltd
KQ:069140
|
$13.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Comvita Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 239,320,000 to 160,630,000, a change of -78,690,000 (-32.9%).
- Net loss of 77,388,000 reduced equity.
- Dividend payments of 2,896,000 reduced retained earnings.
- Other comprehensive income increased equity by 656,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-77.39 Million | -48.18% |
| Dividends Paid | $2.90 Million | -1.8% |
| Other Comprehensive Income | $656.00K | +0.41% |
| Other Changes | $938.00K | +0.58% |
| Total Change | $- | -32.88% |
Book Value vs Market Value Analysis
This analysis compares Comvita Limited'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: 0.20x
- 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.
- The price-to-book ratio has decreased from 0.36x to 0.20x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-06-30 | $1.27 | $0.46 | x |
| 2006-06-30 | $1.22 | $0.46 | x |
| 2007-06-30 | $2.00 | $0.46 | x |
| 2009-06-30 | $1.93 | $0.46 | x |
| 2010-06-30 | $2.14 | $0.46 | x |
| 2011-06-30 | $2.39 | $0.46 | x |
| 2012-06-30 | $2.39 | $0.46 | x |
| 2013-06-30 | $2.54 | $0.46 | x |
| 2014-06-30 | $2.67 | $0.46 | x |
| 2015-06-30 | $3.12 | $0.46 | x |
| 2016-06-30 | $3.00 | $0.46 | x |
| 2017-06-30 | $3.59 | $0.46 | x |
| 2018-06-30 | $3.83 | $0.46 | x |
| 2019-06-30 | $3.49 | $0.46 | x |
| 2020-06-30 | $4.17 | $0.46 | x |
| 2021-06-30 | $3.18 | $0.46 | x |
| 2022-06-30 | $3.23 | $0.46 | x |
| 2023-06-30 | $3.39 | $0.46 | x |
| 2024-06-30 | $2.29 | $0.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Comvita Limited 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): -48.18%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -37.87%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 1.92x
- Recent ROE (-48.18%) is below the historical average (1.95%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 8.08% | 4.59% | 1.13x | 1.56x | $-300.40K |
| 2006 | 9.44% | 5.10% | 1.00x | 1.84x | $-94.10K |
| 2007 | 5.07% | 3.88% | 0.75x | 1.75x | $-1.49 Million |
| 2009 | 1.26% | 1.06% | 0.69x | 1.73x | $-5.28 Million |
| 2010 | 7.52% | 5.84% | 0.79x | 1.63x | $-1.63 Million |
| 2011 | 0.70% | 0.62% | 0.73x | 1.55x | $-6.72 Million |
| 2012 | 10.88% | 8.66% | 0.82x | 1.53x | $666.70K |
| 2013 | 9.02% | 7.23% | 0.75x | 1.67x | $-803.10K |
| 2014 | 8.53% | 6.86% | 0.77x | 1.61x | $-1.34 Million |
| 2015 | 8.85% | 6.99% | 0.75x | 1.68x | $-1.37 Million |
| 2016 | 11.70% | 8.51% | 0.74x | 1.86x | $2.24 Million |
| 2017 | 5.99% | 6.30% | 0.61x | 1.57x | $-6.57 Million |
| 2018 | 4.33% | 4.65% | 0.55x | 1.68x | $-10.76 Million |
| 2019 | -15.99% | -16.37% | 0.54x | 1.81x | $-45.05 Million |
| 2020 | -4.58% | -4.97% | 0.68x | 1.36x | $-30.88 Million |
| 2021 | 4.27% | 4.94% | 0.67x | 1.30x | $-12.71 Million |
| 2022 | 5.61% | 6.12% | 0.62x | 1.47x | $-10.02 Million |
| 2023 | 4.62% | 4.72% | 0.65x | 1.50x | $-12.87 Million |
| 2024 | -48.18% | -37.87% | 0.66x | 1.92x | $-93.45 Million |
Industry Comparison
This section compares Comvita Limited's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $5,681,533,529
- Average return on equity (ROE) among peers: 0.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Comvita Limited (CVNZF) | $160.63 Million | 8.08% | 0.92x | $14.00 Million |
| Above Food Ingredients Inc. Common Stock (ABVE) | $30.90K | -3.31% | 7.66x | $18.76 Million |
| The a2 Milk Company Limited (ACOPF) | $7.27 Million | -30.19% | 0.14x | $3.91 Billion |
| Ayujoy Herbals Ltd (AJOY) | $22.20 Million | 29.29% | 0.00x | $95.71 |
| Alfa S.A.B. de C.V (ALFFF) | $53.35 Billion | 7.36% | 3.80x | $2.16 Billion |
| Amincor Inc (AMNCB) | $34.44 Million | -63.76% | 0.81x | $2.24K |
| Armanino Foods New (AMNF) | $21.40 Million | 30.30% | 0.33x | $72.33K |
| Amira Nature Foods Ltd (ANFIF) | $303.22 Million | 8.27% | 0.89x | $128.79 |
| AAK AB (publ.) (ARHUF) | $2.44 Billion | 12.85% | 2.63x | $5.07 Billion |
| Artisan Consumer Goods Inc (ARRT) | $-326.75K | 0.00% | 0.00x | $279.39K |
| ARYZTA AG (ARZTF) | $632.10 Million | 9.58% | 2.04x | $53.13 Million |