Electronic Systems Technology Inc

PINK:ELST USA Communication Equipment
Market Cap
$667.66
Market Cap Rank
#40198 Global
#13054 in USA
Share Price
$0.07
Change (1 day)
+0.00%
52-Week Range
$0.07 - $0.09
All Time High
$0.75
Categories
Companies in USA Communication Equipment Technology AI & Machine Learning
About

Electronic Systems Technology, Inc., doing business as ESTeem Wireless Modems, designs, develops, manufactures, and markets industrial wireless products and accessories in the United States and internationally. The company's ESTeem industrial wireless products provide communication links between computer networks, network enabled devices, and mobile devices without cables. It also offers data rad… Read more

Electronic Systems Technology Inc (ELST) - Net Assets

Latest net assets as of September 2024: $1.40 Million USD

Based on the latest financial reports, Electronic Systems Technology Inc (ELST) has net assets worth $1.40 Million USD as of September 2024.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.45 Million) and total liabilities ($47.43K). 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 $1.40 Million
% of Total Assets 96.73%
Annual Growth Rate 5.75%
5-Year Change -6.87%
10-Year Change -45.03%
Growth Volatility 20.45

Electronic Systems Technology Inc - Net Assets Trend (1988–2023)

This chart illustrates how Electronic Systems Technology 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 Electronic Systems Technology Inc (1988–2023)

The table below shows the annual net assets of Electronic Systems Technology Inc from 1988 to 2023.

Year Net Assets Change
2023-12-31 $1.63 Million -8.96%
2022-12-31 $1.79 Million +8.93%
2021-12-31 $1.64 Million +6.07%
2020-12-31 $1.55 Million -11.47%
2019-12-31 $1.75 Million -10.54%
2018-12-31 $1.95 Million -5.62%
2017-12-31 $2.07 Million -18.71%
2016-12-31 $2.55 Million -6.47%
2015-12-31 $2.72 Million -8.05%
2014-12-31 $2.96 Million -3.25%
2013-12-31 $3.06 Million +4.01%
2012-12-31 $2.94 Million +0.90%
2011-12-31 $2.92 Million -5.76%
2010-12-31 $3.09 Million +4.54%
2009-12-31 $2.96 Million +0.94%
2008-12-31 $2.93 Million -7.79%
2007-12-31 $3.18 Million +7.45%
2006-12-31 $2.96 Million +7.24%
2005-12-31 $2.76 Million +2.24%
2004-12-31 $2.70 Million +5.39%
2003-12-31 $2.56 Million +1.64%
2002-12-31 $2.52 Million +9.06%
2001-12-31 $2.31 Million +0.09%
2000-12-31 $2.31 Million +2.82%
1999-12-31 $2.24 Million +0.12%
1998-12-31 $2.24 Million +5.33%
1997-12-31 $2.13 Million +5.80%
1996-12-31 $2.01 Million +7.18%
1995-12-31 $1.88 Million +20.33%
1994-12-31 $1.56 Million +39.29%
1992-12-31 $1.12 Million +31.76%
1991-12-31 $850.00K +60.38%
1990-12-31 $530.00K +23.26%
1989-12-31 $430.00K +86.96%
1988-12-31 $230.00K --

Equity Component Analysis

This analysis shows how different components contribute to Electronic Systems Technology 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 grown by 135920600.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2023)

Component Amount Percentage
Retained Earnings $689.21K 42.35%
Common Stock $4.95K 0.30%
Other Components $933.11K 57.34%
Total Equity $1.63 Million 100.00%

Electronic Systems Technology Inc Competitors by Market Cap

The table below lists competitors of Electronic Systems Technology Inc ranked by their market capitalization.

Company Market Cap
APT Systems Inc
PINK:APTY
 		$143.25K
Photomyne Ltd
TA:PHTM
 		$143.33K
SCANDION ONC. DK-0735
F:8VY
 		$143.45K
Maj Invest - High Income Obligationer
CO:MAJHIO
 		$143.69K
Australian Oilseeds Holdings Limited Warrant
NASDAQ:COOTW
 		$143.09K
MEDION (MDN.SG)
STU:MDN
 		$143.05K
Vesuvius PLC
LSE:VSVS
 		$143.04K
AZO
NEO:AZO
 		$142.99K

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Electronic Systems Technology Inc's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2022 to 2023, total equity changed from 1,787,348 to 1,627,258, a change of -160,090 (-9.0%).
  • Net loss of 160,783 reduced equity.

Equity Change Factors (2022 to 2023)

Factor Impact Contribution
Net Income $-160.78K -9.88%
Other Changes $693.00 +0.04%
Total Change $- -8.96%

Book Value vs Market Value Analysis

This analysis compares Electronic Systems Technology 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: 0.21x
  • 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 1.44x to 0.21x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1988-12-31 $0.05 $0.07 x
1989-12-31 $0.09 $0.07 x
1990-12-31 $0.11 $0.07 x
1991-12-31 $0.17 $0.07 x
1992-12-31 $0.21 $0.07 x
1994-12-31 $0.29 $0.07 x
1995-12-31 $0.35 $0.07 x
1996-12-31 $0.38 $0.07 x
1997-12-31 $0.38 $0.07 x
1998-12-31 $0.41 $0.07 x
1999-12-31 $0.43 $0.07 x
2000-12-31 $0.38 $0.07 x
2001-12-31 $0.43 $0.07 x
2002-12-31 $0.47 $0.07 x
2003-12-31 $0.42 $0.07 x
2004-12-31 $0.46 $0.07 x
2005-12-31 $0.49 $0.07 x
2006-12-31 $0.52 $0.07 x
2007-12-31 $0.61 $0.07 x
2008-12-31 $0.57 $0.07 x
2009-12-31 $0.57 $0.07 x
2010-12-31 $0.59 $0.07 x
2011-12-31 $0.57 $0.07 x
2012-12-31 $0.57 $0.07 x
2013-12-31 $0.59 $0.07 x
2014-12-31 $0.57 $0.07 x
2015-12-31 $0.53 $0.07 x
2016-12-31 $0.50 $0.07 x
2017-12-31 $0.41 $0.07 x
2018-12-31 $0.39 $0.07 x
2019-12-31 $0.35 $0.07 x
2020-12-31 $0.31 $0.07 x
2021-12-31 $0.33 $0.07 x
2022-12-31 $0.36 $0.07 x
2023-12-31 $0.33 $0.07 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Electronic Systems Technology 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): -9.88%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -10.41%
  • • Asset Turnover: 0.89x
  • • Equity Multiplier: 1.06x
  • Recent ROE (-9.88%) is below the historical average (2.33%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1988 -70.83% -29.82% 1.54x 1.54x $-194.00K
1989 44.19% 19.39% 1.85x 1.23x $147.00K
1990 18.87% 10.99% 1.60x 1.08x $47.00K
1991 37.65% 28.57% 1.22x 1.08x $235.00K
1992 23.42% 21.14% 1.06x 1.05x $149.00K
1994 12.18% 15.83% 0.75x 1.03x $34.00K
1995 14.26% 17.44% 0.76x 1.07x $79.99K
1996 7.89% 13.34% 0.58x 1.02x $-42.46K
1997 7.81% 12.43% 0.61x 1.04x $-46.66K
1998 7.27% 10.97% 0.63x 1.05x $-61.27K
1999 2.33% 4.22% 0.54x 1.03x $-172.17K
2000 1.04% 1.83% 0.54x 1.04x $-206.87K
2001 -0.45% -0.79% 0.54x 1.04x $-241.31K
2002 8.48% 11.05% 0.70x 1.09x $-38.38K
2003 4.80% 5.96% 0.73x 1.10x $-133.07K
2004 6.48% 7.61% 0.77x 1.11x $-95.06K
2005 4.10% 4.68% 0.81x 1.09x $-162.85K
2006 7.64% 8.64% 0.79x 1.12x $-69.81K
2007 10.04% 10.64% 0.86x 1.09x $1.39K
2008 -5.33% -7.41% 0.69x 1.04x $-449.36K
2009 0.83% 1.31% 0.61x 1.04x $-271.44K
2010 4.18% 5.81% 0.68x 1.06x $-179.91K
2011 -4.46% -7.25% 0.59x 1.04x $-421.53K
2012 0.82% 1.14% 0.71x 1.02x $-270.06K
2013 3.80% 5.31% 0.70x 1.02x $-189.78K
2014 -3.44% -5.45% 0.61x 1.03x $-397.81K
2015 -8.76% -15.37% 0.56x 1.01x $-510.55K
2016 -5.53% -9.44% 0.58x 1.02x $-395.27K
2017 -21.64% -31.43% 0.67x 1.02x $-654.79K
2018 -5.94% -8.32% 0.68x 1.05x $-311.42K
2019 -10.93% -13.56% 0.74x 1.09x $-365.69K
2020 -13.11% -16.54% 0.67x 1.18x $-357.40K
2021 5.67% 6.15% 0.85x 1.08x $-71.09K
2022 8.20% 7.67% 0.93x 1.14x $-32.20K
2023 -9.88% -10.41% 0.89x 1.06x $-323.51K

Industry Comparison

This section compares Electronic Systems Technology Inc's net assets metrics with peer companies in the Communication Equipment industry.

Industry Context

  • Industry: Communication Equipment
  • Average net assets among peers: $1,490,345,014
  • Average return on equity (ROE) among peers: -191.93%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Electronic Systems Technology Inc (ELST) $1.40 Million -70.83% 0.03x $143.20K
AAC Technologies Holdings Inc (AACAY) $14.21 Billion 28.32% 0.71x $4.55 Billion
Applied Opt (AAOI) $115.01 Million 3.72% 0.60x $2.97 Billion
Ability Inc (ABILF) $5.00 Million -5.60% 13.35x $544.32
ADTRAN Inc (ADTN) $378.43 Million 20.17% 0.27x $785.61 Million
ADVA Optical Networking SE (ADVOF) $176.06 Million -16.73% 0.17x $243.68 Million
Airgain Inc (AIRG) $46.22 Million 2.47% 0.22x $44.70 Million
Aerkomm Inc (AKOM) $24.19 Million -98.53% 2.63x $805.19K
Akoustis Technologies, Inc. (AKTSQ) $-57.09 Million 0.00% 0.00x $135.67K
Amplitech Group Inc (AMPG) $440.28K -233.03% 5.39x $50.17 Million
Actelis Networks Inc. (ASNS) $388.00K -1620.10% 27.93x $465.34K