Héroux-Devtek Inc
Héroux-Devtek Inc. engages in the design, development, manufacture, and repair and overhaul of aircraft landing gears, hydraulic and electromechanical flight control actuators, custom ball screws, and fracture-critical components. The company serves civil and defence sectors of the aerospace market. It operates in Canada, the United States, the United Kingdom, Rest of Europe, Spain, and internati… Read more
Héroux-Devtek Inc (HERXF) - Net Assets
Latest net assets as of September 2024: $469.22 Million USD
Based on the latest financial reports, Héroux-Devtek Inc (HERXF) has net assets worth $469.22 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 ($959.68 Million) and total liabilities ($490.47 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 | $469.22 Million |
| % of Total Assets | 48.89% |
| Annual Growth Rate | 8.64% |
| 5-Year Change | 22.95% |
| 10-Year Change | 46.41% |
| Growth Volatility | 18.51 |
Héroux-Devtek Inc - Net Assets Trend (1997–2024)
This chart illustrates how Héroux-Devtek 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 Héroux-Devtek Inc (1997–2024)
The table below shows the annual net assets of Héroux-Devtek Inc from 1997 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-03-31 | $429.64 Million | +9.90% |
| 2023-03-31 | $390.92 Million | +3.61% |
| 2022-03-31 | $377.28 Million | -3.69% |
| 2021-03-31 | $391.73 Million | +12.10% |
| 2020-03-31 | $349.45 Million | -13.52% |
| 2019-03-31 | $404.10 Million | +6.61% |
| 2018-03-31 | $379.03 Million | +6.51% |
| 2017-03-31 | $355.87 Million | +7.48% |
| 2016-03-31 | $331.11 Million | +12.83% |
| 2015-03-31 | $293.45 Million | +22.20% |
| 2014-03-31 | $240.14 Million | +7.85% |
| 2013-03-31 | $222.65 Million | -8.74% |
| 2012-03-31 | $243.97 Million | +4.86% |
| 2011-03-31 | $232.66 Million | +7.17% |
| 2010-03-31 | $217.09 Million | +10.48% |
| 2009-03-31 | $196.49 Million | +8.69% |
| 2008-03-31 | $180.78 Million | +12.39% |
| 2007-03-31 | $160.85 Million | +5.62% |
| 2006-03-31 | $152.28 Million | +17.43% |
| 2005-03-31 | $129.68 Million | +7.78% |
| 2004-03-31 | $120.32 Million | -3.68% |
| 2003-03-31 | $124.92 Million | -4.50% |
| 2002-03-31 | $130.80 Million | +27.90% |
| 2001-03-31 | $102.27 Million | +92.96% |
| 2000-03-31 | $53.00 Million | -4.16% |
| 1999-03-31 | $55.30 Million | +10.38% |
| 1998-03-31 | $50.10 Million | +9.15% |
| 1997-03-31 | $45.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Héroux-Devtek 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 1704.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $323.05 Million | 75.19% |
| Common Stock | $81.36 Million | 18.94% |
| Other Comprehensive Income | $17.04 Million | 3.97% |
| Other Components | $8.19 Million | 1.91% |
| Total Equity | $429.64 Million | 100.00% |
Héroux-Devtek Inc Competitors by Market Cap
The table below lists competitors of Héroux-Devtek Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangdong No2 Hydropower Engineering Co Ltd
SHE:002060
|
$606.53 Million |
|
Sundiro Holding Co Ltd
SHE:000571
|
$606.69 Million |
|
Eagle Bancorp Inc
NASDAQ:EGBN
|
$606.79 Million |
|
BKV Corporation
NYSE:BKV
|
$606.87 Million |
|
Calian Technologies Ltd
TO:CGY
|
$606.23 Million |
|
Olam Group Limited
PINK:OLGPF
|
$606.12 Million |
|
FAST RETAIL.CO.SP.HDR 1
F:FR7H
|
$606.12 Million |
|
Peab AB (publ)
ST:PEAB-B
|
$606.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Héroux-Devtek Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 390,919,000 to 429,638,000, a change of 38,719,000 (9.9%).
- Net income of 38,271,000 contributed positively to equity growth.
- Share repurchases of 6,799,000 reduced equity.
- Other comprehensive income increased equity by 4,972,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $38.27 Million | +8.91% |
| Share Repurchases | $6.80 Million | -1.58% |
| Other Comprehensive Income | $4.97 Million | +1.16% |
| Other Changes | $2.27 Million | +0.53% |
| Total Change | $- | 9.90% |
Book Value vs Market Value Analysis
This analysis compares Héroux-Devtek 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: 1.80x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 7.07x to 1.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-03-31 | $3.21 | $22.72 | x |
| 1998-03-31 | $3.34 | $22.72 | x |
| 1999-03-31 | $3.64 | $22.72 | x |
| 2000-03-31 | $3.53 | $22.72 | x |
| 2001-03-31 | $4.75 | $22.72 | x |
| 2002-03-31 | $5.44 | $22.72 | x |
| 2003-03-31 | $5.16 | $22.72 | x |
| 2004-03-31 | $5.13 | $22.72 | x |
| 2005-03-31 | $4.81 | $22.72 | x |
| 2006-03-31 | $5.30 | $22.72 | x |
| 2007-03-31 | $5.10 | $22.72 | x |
| 2008-03-31 | $5.61 | $22.72 | x |
| 2009-03-31 | $6.16 | $22.72 | x |
| 2010-03-31 | $7.08 | $22.72 | x |
| 2011-03-31 | $7.70 | $22.72 | x |
| 2012-03-31 | $7.95 | $22.72 | x |
| 2013-03-31 | $7.16 | $22.72 | x |
| 2014-03-31 | $7.58 | $22.72 | x |
| 2015-03-31 | $8.38 | $22.72 | x |
| 2016-03-31 | $9.17 | $22.72 | x |
| 2017-03-31 | $9.81 | $22.72 | x |
| 2018-03-31 | $10.43 | $22.72 | x |
| 2019-03-31 | $11.03 | $22.72 | x |
| 2020-03-31 | $9.57 | $22.72 | x |
| 2021-03-31 | $10.69 | $22.72 | x |
| 2022-03-31 | $10.47 | $22.72 | x |
| 2023-03-31 | $11.34 | $22.72 | x |
| 2024-03-31 | $12.64 | $22.72 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Héroux-Devtek 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): 8.91%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.08%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 2.12x
- Recent ROE (8.91%) is above the historical average (7.31%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 4.36% | 1.95% | 1.00x | 2.22x | $-2.59 Million |
| 1998 | 5.99% | 2.49% | 1.09x | 2.21x | $-2.01 Million |
| 1999 | 6.87% | 2.80% | 1.08x | 2.27x | $-1.73 Million |
| 2000 | 3.40% | 1.25% | 1.02x | 2.65x | $-3.50 Million |
| 2001 | 12.19% | 4.81% | 0.96x | 2.64x | $2.24 Million |
| 2002 | 13.32% | 5.51% | 1.06x | 2.29x | $4.34 Million |
| 2003 | 0.12% | 0.06% | 0.90x | 2.31x | $-12.34 Million |
| 2004 | -1.84% | -1.04% | 0.75x | 2.35x | $-14.24 Million |
| 2005 | -1.64% | -0.91% | 0.75x | 2.41x | $-15.10 Million |
| 2006 | 5.42% | 3.22% | 0.81x | 2.07x | $-6.97 Million |
| 2007 | 5.54% | 3.14% | 0.85x | 2.08x | $-7.18 Million |
| 2008 | 10.52% | 6.18% | 0.86x | 1.97x | $941.20K |
| 2009 | 10.87% | 6.33% | 0.81x | 2.12x | $1.71 Million |
| 2010 | 7.37% | 5.00% | 0.81x | 1.82x | $-5.71 Million |
| 2011 | 8.22% | 5.35% | 0.81x | 1.91x | $-4.14 Million |
| 2012 | 10.85% | 6.96% | 0.76x | 2.05x | $2.08 Million |
| 2013 | 59.12% | 51.21% | 0.66x | 1.75x | $109.37 Million |
| 2014 | 3.85% | 3.40% | 0.53x | 2.14x | $-14.78 Million |
| 2015 | 1.10% | 0.88% | 0.63x | 1.96x | $-26.12 Million |
| 2016 | 8.05% | 6.55% | 0.67x | 1.84x | $-6.47 Million |
| 2017 | 8.93% | 7.81% | 0.67x | 1.71x | $-3.82 Million |
| 2018 | 3.61% | 3.54% | 0.61x | 1.67x | $-24.23 Million |
| 2019 | 6.58% | 5.47% | 0.55x | 2.18x | $-13.75 Million |
| 2020 | -14.40% | -8.18% | 0.68x | 2.58x | $-84.91 Million |
| 2021 | 5.14% | 3.51% | 0.67x | 2.19x | $-18.99 Million |
| 2022 | 8.62% | 6.07% | 0.66x | 2.16x | $-5.20 Million |
| 2023 | 3.54% | 2.54% | 0.66x | 2.10x | $-25.27 Million |
| 2024 | 8.91% | 6.08% | 0.69x | 2.12x | $-4.69 Million |
Industry Comparison
This section compares Héroux-Devtek Inc's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $301,480,945
- Average return on equity (ROE) among peers: 29.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Héroux-Devtek Inc (HERXF) | $469.22 Million | 4.36% | 1.05x | $606.44 Million |
| Alabama Aircraft Industries Inc (AAIIQ) | $3.00 Million | 70.00% | 22.83x | $0.97 |
| AAC Clyde Space AB (ACCMF) | $662.75 Million | -6.24% | 0.42x | $49.09 Million |
| Archer Aviation Inc (ACHR) | $698.90 Million | -49.76% | 0.10x | $3.44 Billion |
| American Defense Systems Inc (ADFS) | $9.01 Million | 34.56% | 0.45x | $4.85K |
| AAR Corp (AIR) | $866.00 Million | 7.82% | 1.54x | $4.16 Billion |
| Air Industries Group (AIRI) | $21.61 Million | 17.30% | 1.32x | $12.09 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $548.73 Million | -7.05% | 0.28x | $168.72 Million |
| Philly Shipyard ASA (AKRRF) | $155.58 Million | 43.21% | 0.63x | $13.32 Million |
| ASI Aviation Inc (ASAV) | $6.88 | 150.58% | 2.47x | $2.48 Million |
| Astronics Corporation (ATRO) | $49.23 Million | 31.26% | 1.11x | $2.35 Billion |