Marel hf
Marel hf. develops, manufactures, distributes, and sells solutions, software, and services to food processing industries in Europe, the Middle East, Africa, the Americas, Asia, and Oceania. The company operates through four segments: Poultry Processing; Meat Processing; Fish Processing; and Plant, Pet, and Feed. The company's Poultry Processing segment offers automated in-line solutions, software… Read more
Marel hf (MRRLF) - Net Assets
Latest net assets as of September 2024: $1.04 Billion USD
Based on the latest financial reports, Marel hf (MRRLF) has net assets worth $1.04 Billion USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.56 Billion) and total liabilities ($1.53 Billion). 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 | $1.04 Billion |
| % of Total Assets | 40.44% |
| Annual Growth Rate | 19.98% |
| 5-Year Change | 8.98% |
| 10-Year Change | 143.65% |
| Growth Volatility | 53.78 |
Marel hf - Net Assets Trend (2002–2023)
This chart illustrates how Marel hf's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Marel hf (2002–2023)
The table below shows the annual net assets of Marel hf from 2002 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $1.04 Billion | +1.31% |
| 2022-12-31 | $1.03 Billion | +0.49% |
| 2021-12-31 | $1.02 Billion | +6.72% |
| 2020-12-31 | $958.70 Million | +0.30% |
| 2019-12-31 | $955.80 Million | +70.40% |
| 2018-12-31 | $560.90 Million | +3.51% |
| 2017-12-31 | $541.90 Million | +3.06% |
| 2016-12-31 | $525.80 Million | +17.70% |
| 2015-12-31 | $446.74 Million | +4.50% |
| 2014-12-31 | $427.50 Million | +1.95% |
| 2013-12-31 | $419.34 Million | +3.86% |
| 2012-12-31 | $403.75 Million | +8.11% |
| 2011-12-31 | $373.47 Million | +8.80% |
| 2010-12-31 | $343.27 Million | +6.01% |
| 2009-12-31 | $323.80 Million | +12.32% |
| 2008-12-31 | $288.28 Million | +58.54% |
| 2007-12-31 | $181.84 Million | +25.90% |
| 2006-12-31 | $144.42 Million | +251.98% |
| 2005-12-31 | $41.03 Million | +39.76% |
| 2004-12-31 | $29.36 Million | +16.66% |
| 2003-12-31 | $25.17 Million | +10.75% |
| 2002-12-31 | $22.72 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Marel hf'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 6629.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $640.00 Million | 61.44% |
| Common Stock | $6.70 Million | 0.64% |
| Other Comprehensive Income | $476.33 Million | 45.73% |
| Total Equity | $1.04 Billion | 100.00% |
Marel hf Competitors by Market Cap
The table below lists competitors of Marel hf ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Prestige Estates Projects Limited
NSE:PRESTIGE
|
$2.25 Billion |
|
Suzhou Novosense Microelectronics Co. Ltd.
SHG:688052
|
$2.25 Billion |
|
Beijing BDStar Navigation Co Ltd
SHE:002151
|
$2.26 Billion |
|
New York Mortgage Trust, Inc. 9.125% Senior Notes Due 2029
NASDAQ:NYMTI
|
$2.26 Billion |
|
Infocom Corporation
PINK:IFFOF
|
$2.25 Billion |
|
Jiangsu Aucksun Co Ltd
SHE:002245
|
$2.25 Billion |
|
Inner Mongolia MengDian HuaNeng Thermal Power Corp Ltd
SHG:600863
|
$2.25 Billion |
|
Ascentage Pharma Group International
NASDAQ:AAPG
|
$2.25 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Marel hf's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,028,100,000 to 1,041,600,000, a change of 13,500,000 (1.3%).
- Net income of 31,000,000 contributed positively to equity growth.
- Dividend payments of 11,700,000 reduced retained earnings.
- Other comprehensive income decreased equity by 44,918.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $31.00 Million | +2.98% |
| Dividends Paid | $11.70 Million | -1.12% |
| Other Comprehensive Income | $-44.92K | -0.0% |
| Other Changes | $-4.66 Million | -0.45% |
| Total Change | $- | 1.31% |
Book Value vs Market Value Analysis
This analysis compares Marel hf'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: 2.50x
- 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 33.03x to 2.50x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | $0.10 | $3.46 | x |
| 2004-12-31 | $0.12 | $3.46 | x |
| 2005-12-31 | $0.17 | $3.46 | x |
| 2006-12-31 | $0.51 | $3.46 | x |
| 2007-12-31 | $0.49 | $3.46 | x |
| 2008-12-31 | $0.58 | $3.46 | x |
| 2009-12-31 | $0.54 | $3.46 | x |
| 2010-12-31 | $0.47 | $3.46 | x |
| 2011-12-31 | $0.50 | $3.46 | x |
| 2012-12-31 | $0.55 | $3.46 | x |
| 2013-12-31 | $0.57 | $3.46 | x |
| 2014-12-31 | $0.58 | $3.46 | x |
| 2015-12-31 | $0.62 | $3.46 | x |
| 2016-12-31 | $0.73 | $3.46 | x |
| 2017-12-31 | $0.76 | $3.46 | x |
| 2018-12-31 | $0.82 | $3.46 | x |
| 2019-12-31 | $1.32 | $3.46 | x |
| 2020-12-31 | $1.26 | $3.46 | x |
| 2021-12-31 | $1.33 | $3.46 | x |
| 2022-12-31 | $1.36 | $3.46 | x |
| 2023-12-31 | $1.38 | $3.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Marel hf 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): 2.98%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.80%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 2.50x
- Recent ROE (2.98%) is below the historical average (8.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 0.22% | 0.05% | 1.26x | 3.64x | $-2.22 Million |
| 2003 | 14.90% | 3.53% | 1.30x | 3.23x | $1.23 Million |
| 2004 | 22.53% | 5.89% | 1.24x | 3.08x | $3.68 Million |
| 2005 | 13.93% | 4.43% | 1.12x | 2.80x | $1.61 Million |
| 2006 | 0.10% | 0.07% | 0.57x | 2.53x | $-14.29 Million |
| 2007 | 3.34% | 2.09% | 0.68x | 2.35x | $-12.11 Million |
| 2008 | -2.92% | -1.56% | 0.59x | 3.19x | $-37.23 Million |
| 2009 | -3.65% | -2.22% | 0.60x | 2.73x | $-44.19 Million |
| 2010 | 3.97% | 2.27% | 0.68x | 2.56x | $-20.70 Million |
| 2011 | 9.23% | 5.16% | 0.76x | 2.35x | $-2.88 Million |
| 2012 | 8.82% | 4.99% | 0.83x | 2.14x | $-4.77 Million |
| 2013 | 4.92% | 3.12% | 0.79x | 2.00x | $-21.31 Million |
| 2014 | 2.74% | 1.65% | 0.84x | 1.99x | $-31.02 Million |
| 2015 | 12.69% | 6.93% | 0.87x | 2.10x | $12.02 Million |
| 2016 | 14.40% | 7.81% | 0.70x | 2.65x | $23.14 Million |
| 2017 | 17.87% | 9.32% | 0.72x | 2.66x | $42.64 Million |
| 2018 | 21.83% | 10.22% | 0.76x | 2.79x | $66.33 Million |
| 2019 | 11.51% | 8.57% | 0.69x | 1.95x | $14.45 Million |
| 2020 | 10.69% | 8.28% | 0.68x | 1.89x | $6.66 Million |
| 2021 | 9.54% | 7.11% | 0.68x | 1.98x | $-4.71 Million |
| 2022 | 5.71% | 3.44% | 0.63x | 2.62x | $-44.11 Million |
| 2023 | 2.98% | 1.80% | 0.66x | 2.50x | $-73.16 Million |
Industry Comparison
This section compares Marel hf's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $45,906,124,380
- Average return on equity (ROE) among peers: -4.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Marel hf (MRRLF) | $1.04 Billion | 0.22% | 1.47x | $2.25 Billion |
| American Commerce Solutions Inc (AACS) | $-139.81K | 0.00% | 0.00x | $38.47K |
| ATI Airtest Technologies Inc (AATGF) | $-5.34 Million | 0.00% | 0.00x | $2.79 Million |
| ABB Turbo Systems AG (ACLIF) | $349.19 Million | 48.71% | 2.53x | $4.32 Billion |
| Agfa-Gevaert NV (AFGVF) | $1.08 Billion | -13.38% | 2.10x | $91.17 Million |
| Alphaform AG (AFRMF) | $6.63 Million | -93.13% | 1.38x | $691.72 |
| Airtificial Intelligence Structures S.A (AITLF) | $-3.46 Million | 0.00% | 0.00x | $53.18 Million |
| Alfa Laval AB (publ) (ALFVF) | $37.38 Billion | 16.94% | 1.20x | $13.09 Billion |
| Amada Co. Ltd (AMDLY) | $417.00 Billion | 2.92% | 0.33x | $3.72 Billion |
| Ametek Inc (AME) | $3.14 Billion | 16.49% | 0.87x | $48.98 Billion |
| American Superconductor Corporation (AMSC) | $115.10 Million | -26.83% | 0.16x | $1.41 Billion |