Darktrace plc
Darktrace plc, together with its subsidiaries, engages in the development and sale of cyber-threat defense technology solutions in the United Kingdom, the United States, Europe, and internationally. Its products include Darktrace PREVENT, an attack surface management that continuously monitors attack surface for risks, high-impact vulnerabilities, and external threats; and Darktrace DETECT, which… Read more
Darktrace plc (DRKTY) - Net Assets
Latest net assets as of December 2023: $302.48 Million USD
Based on the latest financial reports, Darktrace plc (DRKTY) has net assets worth $302.48 Million USD as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($776.29 Million) and total liabilities ($473.81 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 | $302.48 Million |
| % of Total Assets | 38.97% |
| Annual Growth Rate | 64.95% |
| 5-Year Change | 526.93% |
| 10-Year Change | N/A |
| Growth Volatility | 390.09 |
Darktrace plc - Net Assets Trend (2018–2023)
This chart illustrates how Darktrace plc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Darktrace plc (2018–2023)
The table below shows the annual net assets of Darktrace plc from 2018 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-06-30 | $263.51 Million | -16.26% |
| 2022-06-30 | $314.69 Million | +21.85% |
| 2021-06-30 | $258.26 Million | +982.57% |
| 2020-06-30 | $23.86 Million | -43.24% |
| 2019-06-30 | $42.03 Million | +94.74% |
| 2018-06-30 | $21.58 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Darktrace plc'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 grown by 10548100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $9.78 Million | 3.71% |
| Other Comprehensive Income | $348.25 Million | 132.16% |
| Total Equity | $263.51 Million | 100.00% |
Darktrace plc Competitors by Market Cap
The table below lists competitors of Darktrace plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CommScope Holding Co Inc
NASDAQ:COMM
|
$4.18 Billion |
|
PHILLIPS EDISON DL -01
F:9R4
|
$4.18 Billion |
|
Yang Ming Marine Transport Corp
TW:2609
|
$4.18 Billion |
|
RadNet Inc
NASDAQ:RDNT
|
$4.18 Billion |
|
Liberty Media Corporation
PINK:LLYVB
|
$4.18 Billion |
|
OSI Systems Inc
NASDAQ:OSIS
|
$4.18 Billion |
|
SWIGGY LIMITED
NSE:SWIGGY
|
$4.17 Billion |
|
Hensoldt AG
PINK:HNSDF
|
$4.17 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Darktrace plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 314,688,000 to 263,513,000, a change of -51,175,000 (-16.3%).
- Net income of 58,958,000 contributed positively to equity growth.
- Dividend payments of 3,546,438 reduced retained earnings.
- Share repurchases of 145,498,000 reduced equity.
- New share issuances of 8,014,000 increased equity.
- Other comprehensive income increased equity by 281,494,001.
- Other factors decreased equity by 250,596,563.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $58.96 Million | +22.37% |
| Dividends Paid | $3.55 Million | -1.35% |
| Share Repurchases | $145.50 Million | -55.21% |
| Share Issuances | $8.01 Million | +3.04% |
| Other Comprehensive Income | $281.49 Million | +106.82% |
| Other Changes | $-250.60 Million | -95.1% |
| Total Change | $- | -16.26% |
Book Value vs Market Value Analysis
This analysis compares Darktrace plc'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: 18.14x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 227.87x to 18.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-06-30 | $0.03 | $7.05 | x |
| 2019-06-30 | $0.06 | $7.05 | x |
| 2020-06-30 | $0.03 | $7.05 | x |
| 2021-06-30 | $0.40 | $7.05 | x |
| 2022-06-30 | $0.45 | $7.05 | x |
| 2023-06-30 | $0.39 | $7.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Darktrace plc 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): 22.37%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.81%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 2.85x
- Recent ROE (22.37%) is above the historical average (-72.45%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -196.88% | -53.51% | 0.61x | 5.98x | $-44.65 Million |
| 2019 | -82.54% | -25.32% | 0.66x | 4.91x | $-38.90 Million |
| 2020 | -120.19% | -14.40% | 0.85x | 9.76x | $-31.06 Million |
| 2021 | -57.92% | -53.17% | 0.51x | 2.15x | $-175.41 Million |
| 2022 | 0.46% | 0.35% | 0.57x | 2.32x | $-30.01 Million |
| 2023 | 22.37% | 10.81% | 0.73x | 2.85x | $32.61 Million |
Industry Comparison
This section compares Darktrace plc's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Darktrace plc (DRKTY) | $302.48 Million | -196.88% | 1.57x | $4.18 Billion |
| Abcam plc (ABCZF) | $726.90 Million | -1.17% | 0.45x | $5.00 Billion |
| Able View Global Inc. Warrant (ABLVW) | $11.42 Million | 85.41% | 3.81x | $277.93K |
| Above Food Ingredients Inc. Warrants (ABVEW) | $199.86 Million | -2.89% | 0.00x | $6.25 Million |
| Adamas Trust, Inc. (ADAMG) | $2.43 Billion | 7.94% | 1.33x | $2.09 Billion |
| ADS-TEC ENERGY PLC Warrant (ADSEW) | $33.92 Million | -162.39% | 2.67x | $10.06 Million |
| Alliance Entertainment Holding Corporation Warrants (AENTW) | $52.92 Million | 10.13% | 4.23x | $2.29 Million |
| Forafric Global PLC Warrants (AFRIW) | $5.32 Million | -457.58% | 45.29x | $2.67 Million |
| Centurion Acquisition Corp. Warrant (ALFUW) | $282.84 Million | 1.97% | 0.05x | $4.81 Million |
| Alliance Trust PLC (ALITF) | $4.04 Billion | 10.04% | 0.29x | $112.87K |
| Alvotech Warrant (ALVOW) | $-564.42 Million | 0.00% | 0.00x | $35.01 Million |