Orbite Technologies Inc
Orbite Technologies Inc. operates as a clean technology based mineral-processing and resource development company in Canada. It produces high-purity alumina, silica, hematite, magnesium oxide, titanium oxide, smelter-grade alumina, and rare earth and rare metal oxides from various feedstocks, including red mud, fly-ash, aluminous clays, mine tailings, bauxite, and kaolin clay, as well as serpenti… Read more
Orbite Technologies Inc (EORBF) - Net Assets
Latest net assets as of September 2017: $120.73 Million USD
Based on the latest financial reports, Orbite Technologies Inc (EORBF) has net assets worth $120.73 Million USD as of September 2017.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($167.74 Million) and total liabilities ($47.01 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 | $120.73 Million |
| % of Total Assets | 71.97% |
| Annual Growth Rate | 73.8% |
| 5-Year Change | 15.64% |
| 10-Year Change | N/A |
| Growth Volatility | 291.29 |
Orbite Technologies Inc - Net Assets Trend (2009–2016)
This chart illustrates how Orbite Technologies 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 Orbite Technologies Inc (2009–2016)
The table below shows the annual net assets of Orbite Technologies Inc from 2009 to 2016.
| Year | Net Assets | Change |
|---|---|---|
| 2016-12-31 | $87.88 Million | +17.97% |
| 2015-12-31 | $74.49 Million | -26.87% |
| 2014-12-31 | $101.86 Million | +23.81% |
| 2013-12-31 | $82.27 Million | +8.27% |
| 2012-12-31 | $75.99 Million | -3.88% |
| 2011-12-31 | $79.06 Million | +372.26% |
| 2010-12-31 | $16.74 Million | +813.00% |
| 2009-12-31 | $1.83 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Orbite Technologies 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 8025278600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2016)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $153.44 Million | 174.60% |
| Other Comprehensive Income | $168.13 Million | 191.32% |
| Total Equity | $87.88 Million | 100.00% |
Orbite Technologies Inc Competitors by Market Cap
The table below lists competitors of Orbite Technologies Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CHUBU EL - Dusseldorf Stock Exchang
DU:0C2
|
$135.73K |
|
Royce Global Value Trust Inc
NYSE:RGT
|
$135.76K |
|
High Mountain 2 Capital Corporation
V:HMCC-P
|
$135.77K |
|
Presto Automation Inc.
PINK:PRSTW
|
$135.87K |
|
Akoustis Technologies, Inc.
NASDAQ:AKTSQ
|
$135.67K |
|
BURBERRY GROUP
BE:BB2
|
$135.67K |
|
PZU (7PZ.SG)
STU:7PZ
|
$135.66K |
|
Medivie Therapeutic Ltd
TA:MDVI
|
$135.65K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Orbite Technologies Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2015 to 2016, total equity changed from 74,489,608 to 87,878,900, a change of 13,389,292 (18.0%).
- Net loss of 7,423,287 reduced equity.
- Share repurchases of 8,813,000 reduced equity.
- Other comprehensive income increased equity by 23,351,582.
- Other factors increased equity by 6,273,997.
Equity Change Factors (2015 to 2016)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-7.42 Million | -8.45% |
| Share Repurchases | $8.81 Million | -10.03% |
| Other Comprehensive Income | $23.35 Million | +26.57% |
| Other Changes | $6.27 Million | +7.14% |
| Total Change | $- | 17.97% |
Book Value vs Market Value Analysis
This analysis compares Orbite Technologies 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: 0.00x
- 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 |
|---|---|---|---|
| 2015-12-31 | $0.21 | $0.00 | x |
| 2016-12-31 | $0.20 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Orbite Technologies 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): -8.45%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.45x
- Recent ROE (-8.45%) is below the historical average (-6.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 0.00% | 0.00% | 0.00x | 1.34x | $-183.37K |
| 2010 | 0.00% | 0.00% | 0.00x | 1.15x | $-1.67 Million |
| 2011 | 0.00% | 0.00% | 0.00x | 1.08x | $-7.91 Million |
| 2012 | 0.00% | 0.00% | 0.00x | 1.75x | $-7.60 Million |
| 2013 | -18.28% | 0.00% | 0.00x | 1.50x | $-23.27 Million |
| 2014 | -12.17% | 0.00% | 0.00x | 1.33x | $-22.59 Million |
| 2015 | -14.85% | 0.00% | 0.00x | 1.38x | $-18.51 Million |
| 2016 | -8.45% | 0.00% | 0.00x | 1.45x | $-16.21 Million |
Industry Comparison
This section compares Orbite Technologies Inc's net assets metrics with peer companies in the Aluminum industry.
Industry Context
- Industry: Aluminum
- Average net assets among peers: $19,642,400,333
- Average return on equity (ROE) among peers: -15.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Orbite Technologies Inc (EORBF) | $120.73 Million | 0.00% | 0.39x | $135.68K |
| Alcoa Corp (AA) | $5.84 Billion | -11.14% | 1.42x | $10.77 Billion |
| Aerofoam Metals Inc (AFML) | $-360.00K | 0.00% | 0.00x | $0.97 |
| Aluminum Corporation of China Limited (ALMMF) | $58.15 Billion | 0.41% | 1.70x | $7.01 Billion |
| Century Aluminum Company (CENX) | $344.10 Million | -12.53% | 4.37x | $3.18 Billion |
| China Hongqiao Group Limited (CHHQY) | $36.24 Billion | 10.07% | 1.94x | $44.45 Billion |
| Constellium Nv (CSTM) | $802.57 Million | 38.38% | 5.57x | $2.99 Billion |
| Kaiser Aluminum Corporation (KALU) | $133.50 Million | -80.00% | 19.21x | $1.89 Billion |
| Mansfelder Metals Ltd (MNSF) | $1.17 Million | -79.28% | 1.62x | $0.92 |
| Norsk Hydro ASA (NHYKF) | $75.26 Billion | -1.22% | 0.55x | $5.63 Billion |