Iconic Brands Inc
Iconic Brands, Inc provides wine and spirits, ready-to-freeze alcohol pops, ready-to-drink cocktails, and mixers. The company is based in Amityville, New York. On October 16, 2023, an involuntary petition for liquidation under Chapter 11 was filed against Iconic Brands, Inc. in the U.S. Bankruptcy Court for the Eastern District of New York. On December 4, 2023, the involuntary petition was approv… Read more
Iconic Brands Inc (ICNB) - Net Assets
Latest net assets as of March 2023: $-1.97 Million USD
Based on the latest financial reports, Iconic Brands Inc (ICNB) has net assets worth $-1.97 Million USD as of March 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($17.20 Million) and total liabilities ($19.17 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 | $-1.97 Million |
| % of Total Assets | -11.44% |
| Annual Growth Rate | 18.57% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 154.12 |
Iconic Brands Inc - Net Assets Trend (2007–2022)
This chart illustrates how Iconic Brands 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 Iconic Brands Inc (2007–2022)
The table below shows the annual net assets of Iconic Brands Inc from 2007 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $360.24K | -98.12% |
| 2021-12-31 | $19.11 Million | +1145.50% |
| 2020-12-31 | $-1.83 Million | -472.94% |
| 2019-12-31 | $490.20K | +116.14% |
| 2018-12-31 | $-3.04 Million | -221.87% |
| 2017-12-31 | $-943.66K | +89.38% |
| 2016-12-31 | $-8.88 Million | -656.65% |
| 2015-12-31 | $-1.17 Million | -121.04% |
| 2014-12-31 | $-531.20K | +92.50% |
| 2010-12-31 | $-7.08 Million | -67.63% |
| 2009-12-31 | $-4.22 Million | -10203.85% |
| 2008-12-31 | $-40.99K | -246.54% |
| 2007-12-31 | $27.98K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Iconic Brands 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 7093836500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $107.28K | 9.24% |
| Other Components | $72.05 Million | 6206.29% |
| Total Equity | $1.16 Million | 100.00% |
Iconic Brands Inc Competitors by Market Cap
The table below lists competitors of Iconic Brands Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PTT Global Chemical PCL
STU:GCB
|
$7.40K |
|
LUNDIN PETROL - Dusseldorf Stock Exchang
DU:LYV
|
$7.40K |
|
Schroder British Opportunities Trust Plc
F:9RL
|
$7.40K |
|
346010
KO:346010
|
$7.40K |
|
Dewhurst
LSE:DWHT
|
$7.39K |
|
Dewhurst plc
LSE:DWHA
|
$7.39K |
|
mPhase Technologies Inc
PINK:XDSL
|
$7.39K |
|
Revenga Ingenieros SA
MC:RSS
|
$7.39K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Iconic Brands Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 19,878,282 to 1,160,854, a change of -18,717,428 (-94.2%).
- Net loss of 30,771,000 reduced equity.
- New share issuances of 10,998,076 increased equity.
- Other factors increased equity by 1,055,496.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-30.77 Million | -2650.72% |
| Share Issuances | $11.00 Million | +947.41% |
| Other Changes | $1.06 Million | +90.92% |
| Total Change | $- | -94.16% |
Book Value vs Market Value Analysis
This analysis compares Iconic Brands 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: 0.01x
- 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 | $0.61 | $0.00 | x |
| 2008-12-31 | $-0.89 | $0.00 | x |
| 2009-12-31 | $-288.42 | $0.00 | x |
| 2010-12-31 | $-325.89 | $0.00 | x |
| 2012-12-31 | $-346.60 | $0.00 | x |
| 2014-12-31 | $-2.71 | $0.00 | x |
| 2015-12-31 | $-3.26 | $0.00 | x |
| 2016-12-31 | $-3.94 | $0.00 | x |
| 2017-12-31 | $-0.22 | $0.00 | x |
| 2018-12-31 | $-0.36 | $0.00 | x |
| 2019-12-31 | $0.14 | $0.00 | x |
| 2020-12-31 | $-0.04 | $0.00 | x |
| 2021-12-31 | $0.21 | $0.00 | x |
| 2022-12-31 | $0.01 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Iconic Brands 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): -2650.72%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -208.69%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 15.81x
- Recent ROE (-2650.72%) is below the historical average (-220.19%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -120.83% | 0.00% | 0.00x | 1.89x | $-36.60K |
| 2008 | 0.00% | 0.00% | 0.00x | 0.00x | $-76.54K |
| 2009 | 0.00% | -634.34% | 0.68x | 0.00x | $-4.48 Million |
| 2010 | 0.00% | -674.90% | 2.96x | 0.00x | $-1.80 Million |
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | $568.97K |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $16.08K |
| 2015 | 0.00% | -946.96% | 0.42x | 0.00x | $-663.84K |
| 2016 | 0.00% | -1612.90% | 1.38x | 0.00x | $-4.97 Million |
| 2017 | 0.00% | 190.60% | 1.99x | 0.00x | $6.25 Million |
| 2018 | 0.00% | -734.28% | 1.01x | 0.00x | $-3.91 Million |
| 2019 | -258.42% | -326.70% | 0.47x | 1.68x | $-4.11 Million |
| 2020 | 0.00% | -125.38% | 2.10x | 0.00x | $-3.50 Million |
| 2021 | -52.64% | -210.97% | 0.10x | 2.55x | $-12.45 Million |
| 2022 | -2650.72% | -208.69% | 0.80x | 15.81x | $-30.89 Million |
Industry Comparison
This section compares Iconic Brands Inc's net assets metrics with peer companies in the Beverages - Wineries & Distilleries industry.
Industry Context
- Industry: Beverages - Wineries & Distilleries
- Average net assets among peers: $4,911,435,376
- Average return on equity (ROE) among peers: 16.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Iconic Brands Inc (ICNB) | $-1.97 Million | -120.83% | N/A | $7.39K |
| Andrew Peller Limited (ADWPF) | $49.20 Million | 13.21% | 0.52x | $98.78 Million |
| Agencia Comercial Spirits Ltd Class A Ordinary Shares (AGCC) | $1.90 Million | 41.01% | 1.06x | $73.93 Million |
| Aristocrat Group Corp (ASCC) | $-295.72K | 0.00% | 0.00x | $74.46K |
| Australian Vintage Ltd (AUVGF) | $288.24 Million | 3.66% | 0.63x | $16.12 Million |
| Becle SA de CV (BCCLF) | $46.99 Billion | 11.05% | 0.38x | $555.00 Million |
| Brown-Forman Corporation (BF-A) | $818.10 Million | 19.09% | 0.60x | $7.49 Billion |
| Fitvia Corp (BRZV) | $-25.27K | 0.00% | 0.00x | $0.98 |
| Heritage Distilling Holding Company, Inc. Common Stock (CASK) | $-43.42 Million | 0.00% | 0.00x | $14.08 Million |
| China Tontine Wines Group Limited (CATWF) | $970.55 Million | 17.94% | 0.10x | $7.70 Million |
| Corby Spirit and Wine Limited (CBYDF) | $44.80 Million | 62.05% | 1.27x | $169.86 Million |