Ebet Inc
EBET, Inc. develops and operates platforms to provide a real money online gambling experience focused on casino, sportsbook, and esports events in the United States. The company operates a portfolio of proprietary online casino and sportsbook brands consisting of Karamba, Hopa, Griffon Casino, BetTarget, Dansk777, and GenerationVIP. It also provides i-gaming, which include digital versions of wag… Read more
Ebet Inc (EBET) - Net Assets
Latest net assets as of March 2024: $-56.18 Million USD
Based on the latest financial reports, Ebet Inc (EBET) has net assets worth $-56.18 Million USD as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($14.55 Million) and total liabilities ($70.73 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 | $-56.18 Million |
| % of Total Assets | -386.22% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 793.56 |
Ebet Inc - Net Assets Trend (2019–2023)
This chart illustrates how Ebet 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 Ebet Inc (2019–2023)
The table below shows the annual net assets of Ebet Inc from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-09-30 | $-48.42 Million | -322.46% |
| 2022-09-30 | $21.77 Million | +112.31% |
| 2021-09-30 | $10.25 Million | +536.19% |
| 2020-09-30 | $1.61 Million | +1801.92% |
| 2019-09-30 | $84.73K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ebet 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 15028216900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $14.98K | % |
| Other Comprehensive Income | $-532.40K | % |
| Other Components | $103.26 Million | % |
| Total Equity | $-48.42 Million | 100.00% |
Ebet Inc Competitors by Market Cap
The table below lists competitors of Ebet Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tokyo Cement Company Lanka PLC
CM:TKYON0000
|
$3.00K |
|
Western Star Resources Inc.
F:4K2
|
$3.00K |
|
Geox SpA
BE:GHH
|
$3.00K |
|
Alaska Hydro Corporation
OTCGREY:ALKHF
|
$3.01K |
|
Xy Labs Inc.
PINK:XYLB
|
$2.99K |
|
CVCB3F
SA:CVCB3F
|
$2.99K |
|
KIMO
OTCQB:KIMO
|
$2.99K |
|
Ceramic & Porcelain
EGX:PRCL
|
$2.99K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ebet Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 21,765,576 to -48,420,068, a change of -70,185,644 (-322.5%).
- Net loss of 84,243,877 reduced equity.
- Dividend payments of 4,086,819 reduced retained earnings.
- Share repurchases of 5,736,819 reduced equity.
- New share issuances of 5,921,982 increased equity.
- Other comprehensive income increased equity by 6,832,728.
- Other factors increased equity by 11,127,161.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-84.24 Million | -173.99% |
| Dividends Paid | $4.09 Million | -8.44% |
| Share Repurchases | $5.74 Million | -11.85% |
| Share Issuances | $5.92 Million | +12.23% |
| Other Comprehensive Income | $6.83 Million | +14.11% |
| Other Changes | $11.13 Million | +22.98% |
| Total Change | $- | -322.46% |
Book Value vs Market Value Analysis
This analysis compares Ebet 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-09-30 | $0.19 | $0.00 | x |
| 2020-09-30 | $3.70 | $0.00 | x |
| 2021-09-30 | $26.98 | $0.00 | x |
| 2022-09-30 | $44.00 | $0.00 | x |
| 2023-09-30 | $-17.49 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ebet 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -215.03%
- • Asset Turnover: 2.59x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-69.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 28.45% | 17.10% | 1.27x | 1.31x | $15.63K |
| 2020 | -35.57% | -292.81% | 0.08x | 1.47x | $-734.40K |
| 2021 | -148.26% | -9222.92% | 0.01x | 1.37x | $-16.23 Million |
| 2022 | -190.36% | -70.71% | 0.85x | 3.17x | $-43.61 Million |
| 2023 | 0.00% | -215.03% | 2.59x | 0.00x | $-79.40 Million |
Industry Comparison
This section compares Ebet Inc's net assets metrics with peer companies in the Gambling industry.
Industry Context
- Industry: Gambling
- Average net assets among peers: $801,162,083
- Average return on equity (ROE) among peers: 8.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ebet Inc (EBET) | $-56.18 Million | 28.45% | N/A | $3.00K |
| Apple iSports Group Inc (AAPI) | $-5.31 Million | 0.00% | 0.00x | $44.40 Million |
| Accel Entertainment Inc (ACEL) | $-43.01 Million | 0.00% | 0.00x | $465.17 Million |
| PlayAGS Inc (AGS) | $135.80 Million | -15.35% | 4.39x | $436.80 Million |
| AGTech Holdings Limited (AGTEF) | $2.30 Billion | 14.45% | 0.75x | $48.64 Million |
| Ainsworth Game Technology Limited (AINSF) | $320.24 Million | 1.65% | 0.33x | $27.14 Million |
| Aristocrat Leisure Limited (ARLUF) | $1.73 Billion | 31.32% | 2.37x | $20.17 Billion |
| Bragg Gaming Group Inc (BRAG) | $70.25 Million | -5.46% | 0.47x | $32.17 Million |
| Brightstar Lottery PLC (BRSL) | $1.98 Billion | 13.90% | 4.27x | $116.29K |
| Betsson AB (BTSBF) | $759.20 Million | 23.35% | 0.58x | $1.61 Billion |
| Betsson AB (publ) (BTSNY) | $759.20 Million | 23.35% | 0.58x | $1.39 Billion |