KeyStar Corp
KeyStar Corp. engages in the online sports betting business in the United States. It operates an online sports betting platform and a mobile app under the ZenSports name, that offers a sports book, peer-to-peer betting, eSports wagering, loyalty, and player retention. The company was incorporated in 2020 and is headquartered in Miami, Florida.
KeyStar Corp (KEYR) - Net Assets
Latest net assets as of June 2024: $-13.19 Million USD
Based on the latest financial reports, KeyStar Corp (KEYR) has net assets worth $-13.19 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($9.35 Million) and total liabilities ($22.54 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 | $-13.19 Million |
| % of Total Assets | -141.07% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
KeyStar Corp - Net Assets Trend (2020–2024)
This chart illustrates how KeyStar Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for KeyStar Corp (2020–2024)
The table below shows the annual net assets of KeyStar Corp from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | $-13.19 Million | -2946.20% |
| 2023-06-30 | $-433.02K | +19.15% |
| 2022-06-30 | $-535.59K | -19347.71% |
| 2021-06-30 | $-2.75K | -137.18% |
| 2020-06-30 | $7.41K | -- |
Equity Component Analysis
This analysis shows how different components contribute to KeyStar Corp'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 4349718100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $7.20K | % |
| Other Comprehensive Income | $-11.69K | % |
| Other Components | $30.32 Million | % |
| Total Equity | $-13.19 Million | 100.00% |
KeyStar Corp Competitors by Market Cap
The table below lists competitors of KeyStar Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Adisyn Ltd
AU:AI1
|
$14.95 Million |
|
Wetteri Oyj
LSE:0G2O
|
$14.95 Million |
|
ProStar Holdings Inc
OTCQX:MAPPF
|
$14.95 Million |
|
China Medical & HealthCare Group Limited
PINK:COLRF
|
$14.95 Million |
|
The Reserve Petroleum Company
PINK:RSRV
|
$14.95 Million |
|
Purmo Group Oyj
HE:PURMO
|
$14.95 Million |
|
TMT Acquisition Corp Ordinary Shares
NASDAQ:TMTC
|
$14.94 Million |
|
Parkson Holdings Bhd
KLSE:5657
|
$14.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in KeyStar Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -433,017 to -13,190,564, a change of -12,757,547.
- Net loss of 30,385,693 reduced equity.
- Dividend payments of 1,006,000 reduced retained earnings.
- Share repurchases of 322,000 reduced equity.
- New share issuances of 300,000 increased equity.
- Other comprehensive income decreased equity by 11,693.
- Other factors increased equity by 18,667,839.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-30.39 Million | -230.36% |
| Dividends Paid | $1.01 Million | -7.63% |
| Share Repurchases | $322.00K | -2.44% |
| Share Issuances | $300.00K | +2.27% |
| Other Comprehensive Income | $-11.69K | -0.09% |
| Other Changes | $18.67 Million | +141.52% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares KeyStar Corp'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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-06-30 | $0.00 | $0.75 | x |
| 2021-06-30 | $0.00 | $0.75 | x |
| 2022-06-30 | $-0.02 | $0.75 | x |
| 2023-06-30 | $-0.01 | $0.75 | x |
| 2024-06-30 | $-0.24 | $0.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently KeyStar Corp 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: -0.12x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-20.50%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -102.51% | -28.26% | 0.32x | 11.27x | $-8.33K |
| 2021 | 0.00% | -122.18% | 0.43x | 0.00x | $-57.36K |
| 2022 | 0.00% | -2913.49% | 1.01x | 0.00x | $-2.23 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-11.29 Million |
| 2024 | 0.00% | 0.00% | -0.12x | 0.00x | $-29.07 Million |
Industry Comparison
This section compares KeyStar Corp'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 |
|---|---|---|---|---|
| KeyStar Corp (KEYR) | $-13.19 Million | -102.51% | N/A | $14.95 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 |