Micropac Industries Inc
Micropac Industries, Inc. designs, manufactures, and distributes various types of microelectronic circuits. The company's products and technologies include custom design hybrid microelectronic circuits; solid state relays and power controllers; custom optoelectronic assemblies and components; optocouplers; light-emitting diodes; hall effect sensors; displays; power operational amplifiers; fiber o… Read more
Micropac Industries Inc (MPAD) - Net Assets
Latest net assets as of August 2024: $39.23 Million USD
Based on the latest financial reports, Micropac Industries Inc (MPAD) has net assets worth $39.23 Million USD as of August 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($58.32 Million) and total liabilities ($19.08 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 | $39.23 Million |
| % of Total Assets | 67.28% |
| Annual Growth Rate | 7.17% |
| 5-Year Change | 24.83% |
| 10-Year Change | 66.37% |
| Growth Volatility | 7.61 |
Micropac Industries Inc - Net Assets Trend (1995–2023)
This chart illustrates how Micropac Industries 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 Micropac Industries Inc (1995–2023)
The table below shows the annual net assets of Micropac Industries Inc from 1995 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-11-30 | $35.27 Million | +1.36% |
| 2022-11-30 | $34.80 Million | +7.84% |
| 2021-11-30 | $32.27 Million | +9.50% |
| 2020-11-30 | $29.47 Million | +4.30% |
| 2019-11-30 | $28.25 Million | +14.19% |
| 2018-11-30 | $24.74 Million | +5.02% |
| 2017-11-30 | $23.56 Million | +5.12% |
| 2016-11-30 | $22.41 Million | -0.10% |
| 2015-11-30 | $22.43 Million | +5.83% |
| 2014-11-30 | $21.20 Million | +5.00% |
| 2013-11-30 | $20.19 Million | +5.96% |
| 2012-11-30 | $19.05 Million | +1.05% |
| 2011-11-30 | $18.86 Million | +7.93% |
| 2010-11-30 | $17.47 Million | +16.22% |
| 2009-11-30 | $15.03 Million | +3.86% |
| 2008-11-30 | $14.47 Million | +12.95% |
| 2007-11-30 | $12.81 Million | +11.88% |
| 2006-11-30 | $11.45 Million | +9.90% |
| 2005-11-30 | $10.42 Million | +21.82% |
| 2004-11-30 | $8.55 Million | +17.58% |
| 2003-11-30 | $7.28 Million | -13.87% |
| 2002-11-30 | $8.45 Million | +8.18% |
| 2001-11-30 | $7.81 Million | -10.83% |
| 2000-11-30 | $8.76 Million | +9.34% |
| 1999-11-30 | $8.01 Million | +10.29% |
| 1998-11-30 | $7.26 Million | +6.53% |
| 1997-11-30 | $6.82 Million | +15.54% |
| 1996-11-30 | $5.90 Million | +16.42% |
| 1995-11-30 | $5.07 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Micropac Industries 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 grown by 822.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (November 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $35.23 Million | 99.88% |
| Common Stock | $308.00K | 0.87% |
| Total Equity | $35.27 Million | 100.00% |
Micropac Industries Inc Competitors by Market Cap
The table below lists competitors of Micropac Industries Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KLA-TENCOR
MU:KLA
|
$12.07 Million |
|
Rapid Critical Metals Ltd
AU:RCM
|
$12.07 Million |
|
Korea Computer Terminal Inc
KQ:089150
|
$12.07 Million |
|
Upland Software Inc
NASDAQ:UPLD
|
$12.08 Million |
|
Nusa Konstruksi Enjiniring Tbk
JK:DGIK
|
$12.06 Million |
|
Rapid Synergy Bhd
KLSE:7765
|
$12.05 Million |
|
White Pearl Technology Group B
ST:WPTG-B
|
$12.05 Million |
|
Starcore International Mines Ltd
PINK:SHVLF
|
$12.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Micropac Industries Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 34,796,000 to 35,268,000, a change of 472,000 (1.4%).
- Net income of 2,100 contributed positively to equity growth.
- Dividend payments of 258,000 reduced retained earnings.
- Other factors increased equity by 727,900.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.10K | +0.01% |
| Dividends Paid | $258.00K | -0.73% |
| Other Changes | $727.90K | +2.06% |
| Total Change | $- | 1.36% |
Book Value vs Market Value Analysis
This analysis compares Micropac Industries 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: 1.47x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 14.18x to 1.47x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-11-30 | $1.40 | $19.81 | x |
| 1996-11-30 | $1.63 | $19.81 | x |
| 1997-11-30 | $1.88 | $19.81 | x |
| 1998-11-30 | $2.00 | $19.81 | x |
| 1999-11-30 | $2.21 | $19.81 | x |
| 2000-11-30 | $2.41 | $19.81 | x |
| 2001-11-30 | $2.43 | $19.81 | x |
| 2002-11-30 | $2.70 | $19.81 | x |
| 2003-11-30 | $2.47 | $19.81 | x |
| 2004-11-30 | $3.32 | $19.81 | x |
| 2005-11-30 | $4.04 | $19.81 | x |
| 2006-11-30 | $4.44 | $19.81 | x |
| 2007-11-30 | $4.97 | $19.81 | x |
| 2008-11-30 | $5.61 | $19.81 | x |
| 2009-11-30 | $5.83 | $19.81 | x |
| 2010-11-30 | $6.78 | $19.81 | x |
| 2011-11-30 | $7.31 | $19.81 | x |
| 2012-11-30 | $7.39 | $19.81 | x |
| 2013-11-30 | $7.83 | $19.81 | x |
| 2014-11-30 | $8.22 | $19.81 | x |
| 2015-11-30 | $8.70 | $19.81 | x |
| 2016-11-30 | $8.69 | $19.81 | x |
| 2017-11-30 | $9.14 | $19.81 | x |
| 2018-11-30 | $9.60 | $19.81 | x |
| 2019-11-30 | $10.96 | $19.81 | x |
| 2020-11-30 | $11.43 | $19.81 | x |
| 2021-11-30 | $12.51 | $19.81 | x |
| 2022-11-30 | $13.50 | $19.81 | x |
| 2023-11-30 | $13.52 | $19.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Micropac Industries 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): 0.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.10%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.57x
- Recent ROE (0.01%) is below the historical average (8.98%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 8.74% | 3.87% | 1.66x | 1.36x | $-63.80K |
| 1996 | 14.10% | 5.78% | 1.79x | 1.37x | $242.00K |
| 1997 | 13.45% | 6.23% | 1.74x | 1.24x | $235.30K |
| 1998 | 6.13% | 3.85% | 1.38x | 1.15x | $-281.20K |
| 1999 | 9.33% | 6.51% | 1.29x | 1.11x | $-53.90K |
| 2000 | 9.73% | 6.57% | 1.27x | 1.16x | $-23.70K |
| 2001 | 8.52% | 4.95% | 1.51x | 1.14x | $-115.90K |
| 2002 | 7.56% | 4.89% | 1.35x | 1.15x | $-205.80K |
| 2003 | 8.40% | 4.89% | 1.51x | 1.14x | $-116.60K |
| 2004 | 16.46% | 9.17% | 1.48x | 1.21x | $552.50K |
| 2005 | 20.88% | 11.43% | 1.49x | 1.22x | $1.13 Million |
| 2006 | 12.39% | 8.27% | 1.31x | 1.14x | $273.60K |
| 2007 | 12.63% | 8.74% | 1.25x | 1.16x | $337.50K |
| 2008 | 13.25% | 9.56% | 1.18x | 1.17x | $470.50K |
| 2009 | 5.43% | 4.65% | 0.97x | 1.21x | $-686.40K |
| 2010 | 15.43% | 11.69% | 1.11x | 1.18x | $948.80K |
| 2011 | 8.71% | 8.13% | 0.96x | 1.11x | $-242.70K |
| 2012 | 2.39% | 2.58% | 0.84x | 1.10x | $-1.45 Million |
| 2013 | 6.90% | 7.08% | 0.86x | 1.14x | $-626.00K |
| 2014 | 4.84% | 5.36% | 0.83x | 1.09x | $-1.09 Million |
| 2015 | 6.66% | 7.46% | 0.74x | 1.20x | $-749.50K |
| 2016 | 1.05% | 1.34% | 0.69x | 1.13x | $-2.01 Million |
| 2017 | 5.97% | 7.13% | 0.78x | 1.07x | $-950.00K |
| 2018 | 5.82% | 6.87% | 0.76x | 1.12x | $-1.03 Million |
| 2019 | 13.14% | 14.59% | 0.82x | 1.10x | $887.70K |
| 2020 | 5.00% | 6.61% | 0.70x | 1.08x | $-1.47 Million |
| 2021 | 9.48% | 11.20% | 0.67x | 1.26x | $-168.70K |
| 2022 | 8.01% | 10.03% | 0.52x | 1.55x | $-692.60K |
| 2023 | 0.01% | 2.10% | 0.00x | 1.57x | $-3.52 Million |
Industry Comparison
This section compares Micropac Industries Inc's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $42,176,553,988
- Average return on equity (ROE) among peers: -5.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Micropac Industries Inc (MPAD) | $39.23 Million | 8.74% | 0.49x | $12.06 Million |
| American Aires Inc (AAIRF) | $4.68 Million | -72.64% | 0.10x | $3.94 Million |
| Alpha Technologies Group Inc (AHAG) | $18.50 Million | 22.45% | 0.88x | $0.93 |
| Allient Inc. (ALNT) | $36.32 Million | 19.18% | 0.62x | $845.72 Million |
| alpha-En Corporation (ALPE) | $94.61K | -111.43% | 1.68x | $3.62K |
| Alps Electric Co Ltd (APELY) | $190.75 Billion | 5.84% | 1.24x | $2.39 Billion |
| Amphenol Corporation (APH) | $323.41 Million | 32.15% | 2.65x | $165.03 Billion |
| AT & S Austria Technologie & Systemtechnik Aktiengesellschaft (ASAAF) | $226.29 Million | 18.25% | 1.19x | $344.33 Million |
| Audinate Group Limited (AUDGF) | $165.31 Million | -3.86% | 0.10x | $323.81 Million |
| AU Optronics Corp (AUOTY) | $212.82 Billion | 15.21% | 1.02x | $3.80 Billion |
| AVMPF (AVMPF) | $17.42 Billion | 23.89% | 2.47x | $7.28 Billion |