Hanover Foods Corporation
Hanover Foods Corporation engages in processing, packaging, and selling fresh canned and frozen products. It offers baked beans, beans, canned blends and vegetables, frozen blends and vegetables, kosher, pork and beans, soft pretzels, steam in bag products, and tomatoes, as well as soups, salads, and broths. The company was founded in 1924 and is based in Hanover, Pennsylvania.
Hanover Foods Corporation (HNFSA) - Net Assets
Latest net assets as of August 2004: $105.99 Million USD
Based on the latest financial reports, Hanover Foods Corporation (HNFSA) has net assets worth $105.99 Million USD as of August 2004.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($222.00 Million) and total liabilities ($116.01 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 | $105.99 Million |
| % of Total Assets | 47.74% |
| Annual Growth Rate | 9.24% |
| 5-Year Change | 58.64% |
| 10-Year Change | N/A |
| Growth Volatility | 3.78 |
Hanover Foods Corporation - Net Assets Trend (2000–2006)
This chart illustrates how Hanover Foods Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hanover Foods Corporation (2000–2006)
The table below shows the annual net assets of Hanover Foods Corporation from 2000 to 2006.
| Year | Net Assets | Change |
|---|---|---|
| 2006-05-31 | $122.89 Million | +18.05% |
| 2004-05-31 | $104.10 Million | +11.67% |
| 2003-05-31 | $93.22 Million | +10.98% |
| 2002-05-31 | $83.99 Million | +8.42% |
| 2001-05-31 | $77.47 Million | +7.13% |
| 2000-05-31 | $72.31 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hanover Foods Corporation'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 87.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (May 2006)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $105.28 Million | 85.67% |
| Common Stock | $29.95 Million | 24.37% |
| Other Comprehensive Income | $-39.90 Million | -32.47% |
| Other Components | $27.56 Million | 22.43% |
| Total Equity | $122.89 Million | 100.00% |
Hanover Foods Corporation Competitors by Market Cap
The table below lists competitors of Hanover Foods Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aisix Solutions Inc.
OTCQB:AISXF
|
$660.69K |
|
BUSHVELD MINERALS LS-01
F:23U
|
$661.16K |
|
ROLLING OPTICS HOLDING AB
F:5LN
|
$661.17K |
|
MX Gold Corp
PINK:MXLGF
|
$661.22K |
|
STRAYER EDUCATION
BE:SQE
|
$660.24K |
|
Capstone Companies Inc
OTCQB:CAPC
|
$659.69K |
|
ORION -B- - Dusseldorf Stock Exchang
DU:OFK
|
$659.40K |
|
Carlyle Commodities Corp.
OTCQB:CCCFF
|
$659.36K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hanover Foods Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2004 to 2006, total equity changed from 103,074,000 to 122,892,000, a change of 19,818,000 (19.2%).
- Net income of 6,612,000 contributed positively to equity growth.
- Dividend payments of 846,000 reduced retained earnings.
- Share repurchases of 53,000 reduced equity.
- Other comprehensive income decreased equity by 39,897,500.
- Other factors increased equity by 54,002,500.
Equity Change Factors (2004 to 2006)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $6.61 Million | +5.38% |
| Dividends Paid | $846.00K | -0.69% |
| Share Repurchases | $53.00K | -0.04% |
| Other Comprehensive Income | $-39.90 Million | -32.47% |
| Other Changes | $54.00 Million | +43.94% |
| Total Change | $- | 19.23% |
Book Value vs Market Value Analysis
This analysis compares Hanover Foods Corporation'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: 0.42x
- 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 |
|---|---|---|---|
| 2006-05-31 | $166.07 | $70.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hanover Foods Corporation 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): 5.38%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.83%
- • Asset Turnover: 1.61x
- • Equity Multiplier: 1.82x
- Recent ROE (5.38%) is below the historical average (9.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 11.92% | 2.87% | 1.67x | 2.48x | $1.39 Million |
| 2001 | 8.71% | 2.27% | 1.62x | 2.36x | $-982.50K |
| 2002 | 8.76% | 2.51% | 1.62x | 2.16x | $-1.03 Million |
| 2003 | 10.71% | 3.40% | 1.69x | 1.86x | $654.90K |
| 2004 | 11.10% | 3.60% | 1.60x | 1.93x | $1.13 Million |
| 2006 | 5.38% | 1.83% | 1.61x | 1.82x | $-5.68 Million |
Industry Comparison
This section compares Hanover Foods Corporation's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $5,681,533,529
- Average return on equity (ROE) among peers: 0.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hanover Foods Corporation (HNFSA) | $105.99 Million | 11.92% | 1.09x | $660.24K |
| Above Food Ingredients Inc. Common Stock (ABVE) | $30.90K | -3.31% | 7.66x | $18.76 Million |
| The a2 Milk Company Limited (ACOPF) | $7.27 Million | -30.19% | 0.14x | $3.91 Billion |
| Ayujoy Herbals Ltd (AJOY) | $22.20 Million | 29.29% | 0.00x | $95.71 |
| Alfa S.A.B. de C.V (ALFFF) | $53.35 Billion | 7.36% | 3.80x | $2.16 Billion |
| Amincor Inc (AMNCB) | $34.44 Million | -63.76% | 0.81x | $2.24K |
| Armanino Foods New (AMNF) | $21.40 Million | 30.30% | 0.33x | $72.33K |
| Amira Nature Foods Ltd (ANFIF) | $303.22 Million | 8.27% | 0.89x | $128.79 |
| AAK AB (publ.) (ARHUF) | $2.44 Billion | 12.85% | 2.63x | $5.07 Billion |
| Artisan Consumer Goods Inc (ARRT) | $-326.75K | 0.00% | 0.00x | $279.39K |
| ARYZTA AG (ARZTF) | $632.10 Million | 9.58% | 2.04x | $53.13 Million |