GEROVA Financial Group Ltd
GEROVA Financial Group, Ltd. operates as a reinsurance company for life and annuity reinsurance markets. The company also offers property and causality insurance services. The company was formerly known as Asia Special Situation Acquisition Corp. and changed its name to GEROVA Financial Group, Ltd. in January 2010. The company was founded in 2007 and is based in Hamilton, Bermuda. As of July 20, … Read more
GEROVA Financial Group Ltd (GVFG) - Net Assets
Latest net assets as of December 2009: $111.75 Million USD
Based on the latest financial reports, GEROVA Financial Group Ltd (GVFG) has net assets worth $111.75 Million USD as of December 2009.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($116.09 Million) and total liabilities ($4.34 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 | $111.75 Million |
| % of Total Assets | 96.26% |
| Annual Growth Rate | 5585.05% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 161683.86 |
GEROVA Financial Group Ltd - Net Assets Trend (2007–2009)
This chart illustrates how GEROVA Financial Group Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for GEROVA Financial Group Ltd (2007–2009)
The table below shows the annual net assets of GEROVA Financial Group Ltd from 2007 to 2009.
| Year | Net Assets | Change |
|---|---|---|
| 2009-12-31 | $71.50 Million | +0.47% |
| 2008-12-31 | $71.16 Million | +323368.18% |
| 2007-12-31 | $22.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to GEROVA Financial Group Ltd'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 46400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2009)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $461.00K | 0.64% |
| Common Stock | $1.00K | 0.00% |
| Other Components | $71.04 Million | 99.35% |
| Total Equity | $71.50 Million | 100.00% |
GEROVA Financial Group Ltd Competitors by Market Cap
The table below lists competitors of GEROVA Financial Group Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GOME ELECTRICAL APP
BE:CKS2
|
$5.02 |
|
NULEGACY GOLD (7NU.SG)
STU:7NU
|
$5.04 |
|
REVLTNRY CNCPT
BE:9RV
|
$5.06 |
|
OBTALA RES (OB7.SG)
STU:OB7
|
$5.07 |
|
SUNRISE RESOURCES
BE:S4D
|
$4.93 |
|
Radient Technologies Inc
STU:RD8
|
$4.92 |
|
HUTCHISON HARBOUR
MU:HRH
|
$4.92 |
|
Worry Free Holdings Company
PINK:WYCC
|
$4.91 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GEROVA Financial Group Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2008 to 2009, total equity changed from 71,163,000 to 71,498,000, a change of 335,000 (0.5%).
- Net income of 335,000 contributed positively to equity growth.
Equity Change Factors (2008 to 2009)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $335.00K | +0.47% |
| Total Change | $- | 0.47% |
Book Value vs Market Value Analysis
This analysis compares GEROVA Financial Group Ltd'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 |
|---|---|---|---|
| 2007-12-31 | $0.04 | $0.00 | x |
| 2008-12-31 | $29.06 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GEROVA Financial Group Ltd 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): 0.47%
- 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: 1.62x
- Recent ROE (0.47%) is above the historical average (-4.33%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -13.64% | 0.00% | 0.00x | 47.05x | $-5.20K |
| 2008 | 0.18% | 0.00% | 0.00x | 1.63x | $-6.99 Million |
| 2009 | 0.47% | 0.00% | 0.00x | 1.62x | $-6.81 Million |
Industry Comparison
This section compares GEROVA Financial Group Ltd's net assets metrics with peer companies in the Insurance - Reinsurance industry.
Industry Context
- Industry: Insurance - Reinsurance
- Average net assets among peers: $2,488,706,333
- Average return on equity (ROE) among peers: 11.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GEROVA Financial Group Ltd (GVFG) | $111.75 Million | -13.64% | 0.04x | $5.00 |
| American Overseas Group Ltd (AOREF) | $45.88 Million | 20.49% | 18.04x | $3.88 Million |
| Conduit Holdings Limited (CNDHF) | $867.20 Million | -5.06% | 0.40x | $631.85 Million |
| COFACE SA (COFAF) | $2.05 Billion | 11.71% | 2.85x | $1.65 Billion |
| Everest Group Ltd (EG) | $6.10 Billion | 13.23% | 1.95x | $9.67 Billion |
| Greenlight Capital Re Ltd (GLRE) | $839.16 Million | 10.80% | 1.79x | $435.07 Million |
| Hamilton Insurance Group, Ltd. (HG) | $2.05 Billion | 12.63% | 2.26x | $1.35 Billion |
| Hannover Rück SE (HVRRF) | $6.53 Billion | 13.71% | 7.26x | $18.13 Billion |
| Hannover Re (HVRRY) | $2.90 Billion | 20.80% | 13.28x | $2.89 Billion |
| Maiden Holdings Ltd (MHLD) | $1.02 Billion | 4.94% | 3.07x | $32.93 Million |