Kings Entertainment Group Inc.
Kings Entertainment Group Inc. provides online lottery and casino style gaming services. It also offers lottery subscriptions and browser-based casino games. The company offers its services under the LottoKings, Trillionaire, and WinTrillions brand names. Kings Entertainment Group Inc. is headquartered in Vancouver, Canada.
Kings Entertainment Group Inc. (KENGF) - Net Assets
Latest net assets as of September 2023: $6.20 Million USD
Based on the latest financial reports, Kings Entertainment Group Inc. (KENGF) has net assets worth $6.20 Million USD as of September 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($10.18 Million) and total liabilities ($3.98 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 | $6.20 Million |
| % of Total Assets | 60.89% |
| Annual Growth Rate | 98.86% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 794.74 |
Kings Entertainment Group Inc. - Net Assets Trend (2020–2022)
This chart illustrates how Kings Entertainment Group 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 Kings Entertainment Group Inc. (2020–2022)
The table below shows the annual net assets of Kings Entertainment Group Inc. from 2020 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $1.58 Million | -75.52% |
| 2021-12-31 | $6.47 Million | +1513.95% |
| 2020-12-31 | $401.13K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kings Entertainment Group 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 1569021400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $17.28 Million | 1090.45% |
| Total Equity | $1.58 Million | 100.00% |
Kings Entertainment Group Inc. Competitors by Market Cap
The table below lists competitors of Kings Entertainment Group Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TechnoDex Bhd
KLSE:0132
|
$1.94 Million |
|
Soco Corporation Ltd
AU:SOC
|
$1.94 Million |
|
A.S.T. GROUPE INH.EO 036
F:9NA
|
$1.94 Million |
|
Lien Hoe Corporation Bhd
KLSE:3573
|
$1.94 Million |
|
VIMAB Group AB
ST:VIMAB
|
$1.94 Million |
|
Rightscorp Inc
PINK:RIHT
|
$1.94 Million |
|
NUFORMIX PLC LS -001
F:1RT
|
$1.94 Million |
|
Crypto Co
PINK:CRCW
|
$1.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kings Entertainment Group Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 6,473,983 to 1,584,845, a change of -4,889,138 (-75.5%).
- Net loss of 6,673,578 reduced equity.
- Other factors increased equity by 1,784,440.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-6.67 Million | -421.09% |
| Other Changes | $1.78 Million | +112.59% |
| Total Change | $- | -75.52% |
Book Value vs Market Value Analysis
This analysis compares Kings Entertainment Group 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: 0.73x
- 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.
- The price-to-book ratio has decreased from 2.90x to 0.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $0.01 | $0.02 | x |
| 2021-12-31 | $0.09 | $0.02 | x |
| 2022-12-31 | $0.02 | $0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kings Entertainment Group 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): -421.09%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -157.26%
- • Asset Turnover: 0.99x
- • Equity Multiplier: 2.70x
- Recent ROE (-421.09%) is below the historical average (-154.73%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 96.17% | 6.26% | 3.84x | 3.99x | $345.65K |
| 2021 | -139.27% | -154.38% | 0.62x | 1.45x | $-9.66 Million |
| 2022 | -421.09% | -157.26% | 0.99x | 2.70x | $-6.83 Million |
Industry Comparison
This section compares Kings Entertainment Group Inc.'s net assets metrics with peer companies in the Gambling industry.
Industry Context
- Industry: Gambling
- Average net assets among peers: $801,162,083
- Average return on equity (ROE) among peers: 8.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kings Entertainment Group Inc. (KENGF) | $6.20 Million | 96.17% | 0.64x | $1.94 Million |
| Apple iSports Group Inc (AAPI) | $-5.31 Million | 0.00% | 0.00x | $44.40 Million |
| Accel Entertainment Inc (ACEL) | $-43.01 Million | 0.00% | 0.00x | $465.17 Million |
| PlayAGS Inc (AGS) | $135.80 Million | -15.35% | 4.39x | $436.80 Million |
| AGTech Holdings Limited (AGTEF) | $2.30 Billion | 14.45% | 0.75x | $48.64 Million |
| Ainsworth Game Technology Limited (AINSF) | $320.24 Million | 1.65% | 0.33x | $27.14 Million |
| Aristocrat Leisure Limited (ARLUF) | $1.73 Billion | 31.32% | 2.37x | $20.17 Billion |
| Bragg Gaming Group Inc (BRAG) | $70.25 Million | -5.46% | 0.47x | $32.17 Million |
| Brightstar Lottery PLC (BRSL) | $1.98 Billion | 13.90% | 4.27x | $116.29K |
| Betsson AB (BTSBF) | $759.20 Million | 23.35% | 0.58x | $1.61 Billion |
| Betsson AB (publ) (BTSNY) | $759.20 Million | 23.35% | 0.58x | $1.39 Billion |