MJ Holdings Inc
MJ Holdings, Inc., a cannabis holding company, engages in cultivation management, asset, and infrastructure development business in Nevada. It is also involved in production of cannabis related products; and provision of management services, dispensaries, and consulting services. The company is headquartered in Las Vegas, Nevada.
MJ Holdings Inc (MJNE) - Net Assets
Latest net assets as of September 2023: $1.41 Million USD
Based on the latest financial reports, MJ Holdings Inc (MJNE) has net assets worth $1.41 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 ($4.46 Million) and total liabilities ($3.06 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 | $1.41 Million |
| % of Total Assets | 31.52% |
| Annual Growth Rate | N/A |
| 5-Year Change | -79.25% |
| 10-Year Change | N/A |
| Growth Volatility | 67.6 |
MJ Holdings Inc - Net Assets Trend (2010–2022)
This chart illustrates how MJ Holdings 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 MJ Holdings Inc (2010–2022)
The table below shows the annual net assets of MJ Holdings Inc from 2010 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $374.55K | -90.06% |
| 2021-12-31 | $3.77 Million | +390.14% |
| 2020-12-31 | $-1.30 Million | -141.58% |
| 2019-12-31 | $3.12 Million | +72.98% |
| 2018-12-31 | $1.80 Million | 0.00% |
| 2017-12-31 | $1.80 Million | +25.50% |
| 2016-12-31 | $1.44 Million | +7.04% |
| 2015-12-31 | $1.34 Million | +2.08% |
| 2014-12-31 | $1.32 Million | +1375.20% |
| 2013-12-31 | $-103.22K | -46.88% |
| 2012-12-31 | $-70.28K | -30.94% |
| 2011-12-31 | $-53.67K | -76.14% |
| 2010-12-31 | $-30.47K | -- |
Equity Component Analysis
This analysis shows how different components contribute to MJ Holdings 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 2175424300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $78.59K | 16.14% |
| Other Comprehensive Income | $84.00 | 0.02% |
| Other Components | $22.26 Million | 4570.89% |
| Total Equity | $487.02K | 100.00% |
MJ Holdings Inc Competitors by Market Cap
The table below lists competitors of MJ Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pha Le Plastics Manufacturing and Technology JSC
VN:PLP
|
$1.94K |
|
BOBR4F
SA:BOBR4F
|
$1.94K |
|
Horana Plantations PLC
CM:HOPLN0000
|
$1.94K |
|
MFD GROUP LTD
SEM:MFDG
|
$1.94K |
|
RED 5 (RKM.SG)
STU:RKM
|
$1.93K |
|
Thai Industrial Fund 1
BK:TIF1
|
$1.93K |
|
ENQUEST (3EQ.SG)
STU:3EQ
|
$1.93K |
|
ATICO MINING (9AO.SG)
STU:9AO
|
$1.93K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MJ Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 3,878,852 to 487,021, a change of -3,391,831 (-87.4%).
- Net loss of 5,380,000 reduced equity.
- Other factors increased equity by 1,988,169.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-5.38 Million | -1104.68% |
| Other Changes | $1.99 Million | +408.23% |
| Total Change | $- | -87.44% |
Book Value vs Market Value Analysis
This analysis compares MJ Holdings 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: 0.02x
- 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 |
|---|---|---|---|
| 2010-12-31 | $0.00 | $0.00 | x |
| 2011-12-31 | $0.00 | $0.00 | x |
| 2012-12-31 | $-0.01 | $0.00 | x |
| 2013-12-31 | $-0.01 | $0.00 | x |
| 2014-12-31 | $0.10 | $0.00 | x |
| 2015-12-31 | $0.10 | $0.00 | x |
| 2016-12-31 | $0.10 | $0.00 | x |
| 2017-12-31 | $0.03 | $0.00 | x |
| 2018-12-31 | $0.03 | $0.00 | x |
| 2019-12-31 | $0.05 | $0.00 | x |
| 2020-12-31 | $-0.02 | $0.00 | x |
| 2021-12-31 | $0.05 | $0.00 | x |
| 2022-12-31 | $0.01 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MJ Holdings 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): -1104.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1484.90%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 10.53x
- Recent ROE (-1104.68%) is below the historical average (-100.11%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 0.00% | -913.67% | 0.74x | 0.00x | $-21.82K |
| 2011 | 0.00% | 0.00% | 0.00x | 0.00x | $-17.63K |
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | $-15.97K |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $-22.62K |
| 2014 | -88.51% | -1070.07% | 0.03x | 2.59x | $-1.30 Million |
| 2015 | -8.34% | -17.90% | 0.15x | 3.19x | $-246.36K |
| 2016 | 6.57% | 1046.01% | 0.00x | 3.03x | $-49.27K |
| 2017 | -18.55% | 0.00% | 0.00x | 1.60x | $-515.28K |
| 2018 | -18.55% | -4107.83% | 0.00x | 1.60x | $-515.28K |
| 2019 | -160.40% | -61447.85% | 0.00x | 1.82x | $-5.32 Million |
| 2020 | 0.00% | -481.86% | 0.11x | 0.00x | $-3.85 Million |
| 2021 | 91.01% | 1459.46% | 0.03x | 2.28x | $3.14 Million |
| 2022 | -1104.68% | -1484.90% | 0.07x | 10.53x | $-5.43 Million |
Industry Comparison
This section compares MJ Holdings Inc's net assets metrics with peer companies in the Drug Manufacturers - Specialty & Generic industry.
Industry Context
- Industry: Drug Manufacturers - Specialty & Generic
- Average net assets among peers: $548,450,613
- Average return on equity (ROE) among peers: -450.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MJ Holdings Inc (MJNE) | $1.41 Million | 0.00% | 2.17x | $1.94K |
| Ascend Wellness Holdings Inc (AAWH) | $142.87 Million | -33.75% | 5.44x | $48.90 Million |
| AB Science S.A (ABSCF) | $10.73 Million | -252.65% | 3.71x | $39.89 Million |
| Alterola Biotech Inc (ABTI) | $4.85K | -2005.32% | 0.49x | $603.58K |
| Aurora Cannabis Inc (ACB) | $2.04 Billion | -34.08% | 0.34x | $199.15 Million |
| Acreage Holdings Inc (ACRDF) | $204.27 Million | -30.85% | 1.41x | $13.48K |
| Acura Pharmaceuticals Inc (ACUR) | $7.90 Million | -63.15% | 1.15x | $13.20K |
| Agra Ventures Ltd. (AGFAF) | $1.51 Million | -44.22% | 0.06x | $298.23K |
| Allergy Therapeutics plc (AGYTF) | $2.07 Million | -2084.75% | 31.32x | $25.30 Million |
| Aida Pharmaceuticals Inc (AIDA) | $6.67 Million | 24.51% | 2.78x | $1.80 |
| Adcock Ingram Holdings Limited (AIHLF) | $3.07 Billion | 20.55% | 0.55x | $85.61 Million |