Man Shing Agricultural Holdings Inc
Man Shing Agricultural Holdings, Inc. engages in the production and processing of fresh vegetables. Its fresh vegetables include ginger, onion, garlic, and leek. Man Shing Agricultural Holdings, Inc. also provides frozen vegetable products comprising peeled ginger, diced ginger, ginger puree cubes, ginger puree, strawberry, diced garlic, garlic puree, garlic puree cubes, diced onion, and peeled g… Read more
Man Shing Agricultural Holdings Inc (MSAH) - Net Assets
Latest net assets as of September 2012: $37.44 Million USD
Based on the latest financial reports, Man Shing Agricultural Holdings Inc (MSAH) has net assets worth $37.44 Million USD as of September 2012.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($43.31 Million) and total liabilities ($5.87 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 | $37.44 Million |
| % of Total Assets | 86.45% |
| Annual Growth Rate | 346.43% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 8235.61 |
Man Shing Agricultural Holdings Inc - Net Assets Trend (2008–2012)
This chart illustrates how Man Shing Agricultural 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 Man Shing Agricultural Holdings Inc (2008–2012)
The table below shows the annual net assets of Man Shing Agricultural Holdings Inc from 2008 to 2012.
| Year | Net Assets | Change |
|---|---|---|
| 2012-06-30 | $35.55 Million | +50.09% |
| 2011-06-30 | $23.69 Million | +146.02% |
| 2010-06-30 | $9.63 Million | +19069.44% |
| 2009-06-30 | $50.23K | -43.89% |
| 2008-06-30 | $89.51K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Man Shing Agricultural 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 grown by 1927178900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2012)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $19.25 Million | 54.14% |
| Common Stock | $48.23K | 0.14% |
| Other Comprehensive Income | $1.81 Million | 5.10% |
| Other Components | $14.44 Million | 40.62% |
| Total Equity | $35.55 Million | 100.00% |
Man Shing Agricultural Holdings Inc Competitors by Market Cap
The table below lists competitors of Man Shing Agricultural Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dovarri Inc
PINK:DVAR
|
$45.14 |
|
GOLDEN GUINEA BREWERIES PLC
XNSA:GOLDBREW
|
$45.66 |
|
Canyon Bancorp
PINK:CYBA
|
$45.78 |
|
Itoco Inc
PINK:ITMC
|
$45.90 |
|
UPDC REAL ESTATE INVESTMENT TRUST
XNSA:UPDCREIT
|
$45.05 |
|
MEIKLES AFRICA LIMITED
XZIM:MEIK
|
$44.76 |
|
ARDANA
LSE:ARA
|
$44.71 |
|
ALEXIUM INTL
BE:E7T
|
$44.48 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Man Shing Agricultural Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2011 to 2012, total equity changed from 23,686,497 to 35,551,815, a change of 11,865,318 (50.1%).
- Net income of 11,200,432 contributed positively to equity growth.
- Other comprehensive income increased equity by 632,886.
Equity Change Factors (2011 to 2012)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $11.20 Million | +31.5% |
| Other Comprehensive Income | $632.89K | +1.78% |
| Other Changes | $32.00K | +0.09% |
| Total Change | $- | 50.09% |
Book Value vs Market Value Analysis
This analysis compares Man Shing Agricultural 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: 0.01x
- 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.
- The price-to-book ratio has decreased from 1.70x to 0.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-06-30 | $0.00 | $0.01 | x |
| 2009-06-30 | $0.00 | $0.01 | x |
| 2010-06-30 | $0.13 | $0.01 | x |
| 2011-06-30 | $0.40 | $0.01 | x |
| 2012-06-30 | $0.72 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Man Shing Agricultural 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): 31.50%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 33.54%
- • Asset Turnover: 0.81x
- • Equity Multiplier: 1.16x
- Recent ROE (31.50%) is above the historical average (-31.59%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -14.26% | -24.86% | 0.17x | 3.29x | $-21.72K |
| 2009 | -267.75% | -239.23% | 0.18x | 6.17x | $-139.50K |
| 2010 | 54.47% | 23.39% | 1.61x | 1.44x | $4.28 Million |
| 2011 | 38.11% | 27.99% | 1.08x | 1.26x | $6.66 Million |
| 2012 | 31.50% | 33.54% | 0.81x | 1.16x | $7.65 Million |
Industry Comparison
This section compares Man Shing Agricultural Holdings Inc's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $-56,363,212
- Average return on equity (ROE) among peers: -7.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Man Shing Agricultural Holdings Inc (MSAH) | $37.44 Million | -14.26% | 0.16x | $45.06 |
| Artius II Acquisition Inc. Class A Ordinary Shares (AACB) | $-60.27K | 0.00% | 0.00x | $198.37 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $205.28 Million |
| Ares Acquisition Corporation II (AACT-UN) | $-22.04K | 0.00% | 0.00x | $399.77 Million |
| AA Mission Acquisition Corp. (AAM-UN) | $-559.90 Million | 0.00% | 0.00x | $349.76 Million |
| Global Acquisitions Corporation (AASP) | $5.32 Million | -71.85% | 3.84x | $15.42 Million |
| ABV Consulting Inc (ABVN) | $-185.37K | 0.00% | 0.00x | $461.96K |
| Atlantic Coastal Acquisition Corp II (ACAB) | $-8.52 Million | 0.00% | 0.00x | $2.44 Million |
| Annabidiol Corp (ACBD) | $-181.19K | 0.00% | 0.00x | $14.73K |
| ACRO Biomedical Co Ltd (ACBM) | $-14.79K | 0.00% | 0.00x | $30.04K |
| Huaizhong Health Group Inc (ADAD) | $-1.02K | 0.00% | 0.00x | $3.15K |