Majestic Capital Ltd
Majestic Capital, Ltd., through its subsidiaries, provides worker's compensation insurance products. The company underwrites workers' compensation insurance products through independent insurance brokers and agents to various size businesses; and excess and frequency coverage policies to self-insured entities. It also engages in underwriting reinsurance. In addition, the company offers various ma… Read more
Majestic Capital Ltd (MAJCQ) - Net Assets
Latest net assets as of December 2010: $14.43 Million USD
Based on the latest financial reports, Majestic Capital Ltd (MAJCQ) has net assets worth $14.43 Million USD as of December 2010.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($436.19 Million) and total liabilities ($421.76 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 | $14.43 Million |
| % of Total Assets | 3.31% |
| Annual Growth Rate | 36.17% |
| 5-Year Change | -82.74% |
| 10-Year Change | N/A |
| Growth Volatility | 2549.39 |
Majestic Capital Ltd - Net Assets Trend (2001–2010)
This chart illustrates how Majestic Capital Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Majestic Capital Ltd (2001–2010)
The table below shows the annual net assets of Majestic Capital Ltd from 2001 to 2010.
| Year | Net Assets | Change |
|---|---|---|
| 2010-12-31 | $14.43 Million | -76.23% |
| 2009-12-31 | $60.73 Million | -44.21% |
| 2008-12-31 | $108.86 Million | +1.23% |
| 2007-12-31 | $107.54 Million | +28.57% |
| 2006-12-31 | $83.64 Million | +21.35% |
| 2005-12-31 | $68.93 Million | +7662.15% |
| 2004-12-31 | $888.03K | +176.30% |
| 2003-12-31 | $-1.16 Million | -230.19% |
| 2002-12-31 | $894.00K | -0.33% |
| 2001-12-31 | $897.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Majestic Capital Ltd'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 5983200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2010)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $171.00K | 1.18% |
| Other Comprehensive Income | $2.60 Million | 17.99% |
| Other Components | $71.50 Million | 495.35% |
| Total Equity | $14.43 Million | 100.00% |
Majestic Capital Ltd Competitors by Market Cap
The table below lists competitors of Majestic Capital Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
WSB Financial Group Inc
PINK:WSFGQ
|
$0.94 |
|
LMWW Holdings Inc
OTCGREY:LMWW
|
$0.94 |
|
Williston Holding Company Inc
PINK:WHCA
|
$0.94 |
|
Live Microsystems Inc
PINK:LMSC
|
$0.94 |
|
Sunset Island Group Inc
PINK:SIGO
|
$0.94 |
|
Scient Inc
PINK:SCNTQ
|
$0.94 |
|
North American DataCom Inc
PINK:NADA
|
$0.94 |
|
MEDirect Latino Inc
OTCGREY:MLTO
|
$0.94 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Majestic Capital Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2009 to 2010, total equity changed from 60,734,000 to 14,434,000, a change of -46,300,000 (-76.2%).
- Net loss of 48,617,000 reduced equity.
- Share repurchases of 9,000 reduced equity.
- Other comprehensive income increased equity by 1,873,000.
- Other factors increased equity by 453,000.
Equity Change Factors (2009 to 2010)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-48.62 Million | -336.82% |
| Share Repurchases | $9.00K | -0.06% |
| Other Comprehensive Income | $1.87 Million | +12.98% |
| Other Changes | $453.00K | +3.14% |
| Total Change | $- | -76.23% |
Book Value vs Market Value Analysis
This analysis compares Majestic Capital Ltd'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: 0.00x
- 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 |
|---|---|---|---|
| 2001-12-31 | $0.88 | $0.00 | x |
| 2002-12-31 | $0.87 | $0.00 | x |
| 2003-12-31 | $-1.14 | $0.00 | x |
| 2004-12-31 | $0.87 | $0.00 | x |
| 2005-12-31 | $66.09 | $0.00 | x |
| 2006-12-31 | $51.47 | $0.00 | x |
| 2007-12-31 | $65.93 | $0.00 | x |
| 2008-12-31 | $66.22 | $0.00 | x |
| 2009-12-31 | $36.19 | $0.00 | x |
| 2010-12-31 | $8.47 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Majestic Capital Ltd 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): -336.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -78.67%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 30.22x
- Recent ROE (-336.82%) is below the historical average (81.01%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 134.23% | 15.09% | 2.66x | 3.35x | $1.11 Million |
| 2002 | 391.05% | 19.81% | 2.59x | 7.61x | $3.41 Million |
| 2003 | 0.00% | 17.69% | 3.59x | 0.00x | $3.85 Million |
| 2004 | 653.79% | 17.69% | 2.58x | 14.33x | $5.72 Million |
| 2005 | 10.55% | 16.22% | 0.53x | 1.22x | $382.00K |
| 2006 | 17.04% | 19.01% | 0.24x | 3.66x | $5.89 Million |
| 2007 | 18.73% | 14.71% | 0.36x | 3.53x | $9.39 Million |
| 2008 | -1.37% | -1.04% | 0.32x | 4.11x | $-12.38 Million |
| 2009 | -77.11% | -48.37% | 0.20x | 7.95x | $-52.91 Million |
| 2010 | -336.82% | -78.67% | 0.14x | 30.22x | $-50.06 Million |
Industry Comparison
This section compares Majestic Capital Ltd's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $3,948,110,200
- Average return on equity (ROE) among peers: 16.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Majestic Capital Ltd (MAJCQ) | $14.43 Million | 134.23% | 29.22x | $0.94 |
| American Coastal Insurance Corp (ACIC) | $45.29 Million | -2.04% | 3.72x | $250.00 Million |
| American Financial Group Inc (AFG) | $1.95 Billion | -0.76% | 7.91x | $8.54 Billion |
| AmTrust Financial Services Inc Pref Series A (AFSIA) | $118.83 Million | 11.87% | 3.19x | $1.69 Billion |
| Aspen Insurance Holdings Limited (AHL) | $2.39 Billion | 15.82% | 1.78x | $14.67 Million |
| American Integrity Insurance Group, Inc. (AII) | $337.02 Million | 29.56% | 2.63x | $227.08 Million |
| Assurant Inc (AIZ) | $3.37 Billion | 2.66% | 6.24x | $10.74 Billion |
| The Allstate Corporation (ALL) | $30.61 Billion | 33.59% | 2.91x | $53.61 Billion |
| Admiral Group plc (AMIGF) | $68.95 Million | 44.87% | 4.47x | $10.33 Billion |
| Ategrity Specialty Insurance Company Holdings (ASIC) | $398.81 Million | 11.81% | 1.82x | $155.46 Million |
| Bowhead Specialty Holdings Inc. (BOW) | $192.08 Million | 13.04% | 4.35x | $707.67 Million |