Mills Music Trust
Mills Music Trust holds the right to receive payment of a deferred contingent purchase price obligation relating to music and lyric copyright catalogue payable to Mills Music, Inc. in the United States. The payments of the contingent portion are based on royalty income generated by the catalogue. EMI Mills Music Inc. operates as an owner of the copyrighted materials contained in the catalogue. Mi… Read more
Mills Music Trust (MMTRS) - Net Assets
Latest net assets as of March 2023: $-102.90 Million USD
Based on the latest financial reports, Mills Music Trust (MMTRS) has net assets worth $-102.90 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 ($46.00) and total liabilities ($102.90 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 | $-102.90 Million |
| % of Total Assets | -223692271.74% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Mills Music Trust - Net Assets Trend (2017–2022)
This chart illustrates how Mills Music Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mills Music Trust (2017–2022)
The table below shows the annual net assets of Mills Music Trust from 2017 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $-105.55 Million | -0.42% |
| 2021-12-31 | $-105.11 Million | +5.82% |
| 2020-12-31 | $-111.61 Million | +0.02% |
| 2019-12-31 | $-111.63 Million | -5.70% |
| 2018-12-31 | $-105.61 Million | +5.58% |
| 2017-12-31 | $-111.84 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mills Music Trust'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 8376924500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $368.26 Million | 130.67% |
| Total Equity | $281.81 Million | 100.00% |
Mills Music Trust Competitors by Market Cap
The table below lists competitors of Mills Music Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SAG Holdings Limited
NASDAQ:SAG
|
$4.70 Million |
|
Blue Label Telecoms Ltd
JSE:BLU
|
$4.70 Million |
|
Free Flow Inc
OTCQB:FFLO
|
$4.70 Million |
|
Timberwell Bhd
KLSE:7854
|
$4.70 Million |
|
Sweet Earth Holdings Corporation
PINK:SEHCF
|
$4.70 Million |
|
Brait SE
JSE:BAT
|
$4.70 Million |
|
Antilles Gold Limited
PINK:ANTMF
|
$4.70 Million |
|
aXichem AB
ST:AXIC-A
|
$4.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mills Music Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 369,818,174 to 281,814,025, a change of -88,004,149 (-23.8%).
- Net loss of 57,639,453 reduced equity.
- Dividend payments of 26,039,962 reduced retained earnings.
- Share repurchases of 3,985,261 reduced equity.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-57.64 Million | -20.45% |
| Dividends Paid | $26.04 Million | -9.24% |
| Share Repurchases | $3.99 Million | -1.41% |
| Other Changes | $-339.47K | -0.12% |
| Total Change | $- | -23.80% |
Book Value vs Market Value Analysis
This analysis compares Mills Music Trust'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: 0.03x
- 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 |
|---|---|---|---|
| 2017-12-31 | $1697.66 | $26.16 | x |
| 2018-12-31 | $1467.47 | $26.16 | x |
| 2019-12-31 | $1468.64 | $26.16 | x |
| 2020-12-31 | $1341.80 | $26.16 | x |
| 2021-12-31 | $1331.66 | $26.16 | x |
| 2022-12-31 | $1014.77 | $26.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mills Music Trust 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): -20.45%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: -1240235.35x
- • Equity Multiplier: 0.00x
- Recent ROE (-20.45%) is below the historical average (-0.49%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 6.67% | 98.11% | 500466.16x | 0.00x | $-15.72 Million |
| 2018 | -2.05% | 0.00% | -120006.69x | 0.00x | $-49.13 Million |
| 2019 | 12.46% | 98.70% | 791849.23x | 0.00x | $10.01 Million |
| 2020 | 0.21% | 77.65% | 15642.43x | 0.00x | $-36.47 Million |
| 2021 | 0.22% | 78.21% | 23077.50x | 0.00x | $-36.15 Million |
| 2022 | -20.45% | 0.00% | -1240235.35x | 0.00x | $-85.82 Million |
Industry Comparison
This section compares Mills Music Trust's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $772,489,888
- Average return on equity (ROE) among peers: -12.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mills Music Trust (MMTRS) | $-102.90 Million | 6.67% | N/A | $4.70 Million |
| All American Pet Co (AAPT) | $-1.12 Million | 0.00% | 0.00x | $0.97 |
| ABM Industries Incorporated (ABM) | $61.90 Million | 11.47% | 1.78x | $2.27 Billion |
| ADM Endeavors Inc (ADMQ) | $284.02K | -124.30% | 3.55x | $3.87 Million |
| Amentum Holdings Inc. (AMTM) | $4.55 Billion | -1.80% | 1.63x | $4.20 Billion |
| Anacomp Inc (ANMP) | $101.14 Million | -0.68% | 0.63x | $976.94K |
| Rich Sparkle Holdings Limited Ordinary Shares (ANPA) | $5.65 Million | 2.35% | 0.50x | $30.94 Million |
| Applus Services S.A (APLUF) | $642.95 Million | 7.56% | 2.78x | $16.82 Million |
| ARC Document Solutions Inc (ARC) | $-35.01 Million | 0.00% | 0.00x | $110.98 Million |
| Aramark Holdings (ARMK) | $2.75 Billion | -16.80% | 4.72x | $10.51 Billion |
| Atento S.A. (ATTOF) | $-348.87 Million | 0.00% | 0.00x | $945.48 |