China Electronics Holdings Inc
Messaben Corp. provides technological solutions dedicated to water sustainability, and produced water treatment and reuse, and downhole metal intervention products for geothermal, and oil and gas. The company was formerly known as China Electronics Holdings, Inc. and changed its name to Messaben Corp. in April 2022. Messaben Corp. is based in New York, New York.
China Electronics Holdings Inc (MSBN) - Net Assets
Latest net assets as of September 2014: $14.83 Million USD
Based on the latest financial reports, China Electronics Holdings Inc (MSBN) has net assets worth $14.83 Million USD as of September 2014.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($18.28 Million) and total liabilities ($3.45 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 | $14.83 Million |
| % of Total Assets | 81.12% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 48.15 |
China Electronics Holdings Inc - Net Assets Trend (2009–2013)
This chart illustrates how China Electronics 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 China Electronics Holdings Inc (2009–2013)
The table below shows the annual net assets of China Electronics Holdings Inc from 2009 to 2013.
| Year | Net Assets | Change |
|---|---|---|
| 2013-12-31 | $17.61 Million | -67.49% |
| 2012-12-31 | $54.17 Million | +1.72% |
| 2011-12-31 | $53.25 Million | +49.84% |
| 2010-12-31 | $35.54 Million | +539069.94% |
| 2009-12-31 | $-6.59K | -- |
Equity Component Analysis
This analysis shows how different components contribute to China Electronics 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 672689400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2013)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.68K | 0.01% |
| Other Comprehensive Income | $9.04 Million | 51.31% |
| Other Components | $15.34 Million | 87.11% |
| Total Equity | $17.61 Million | 100.00% |
China Electronics Holdings Inc Competitors by Market Cap
The table below lists competitors of China Electronics Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zulu-Tek Inc
PINK:ZULU
|
$1.00 |
|
Vitamin Blue
PINK:VTMB
|
$1.00 |
|
Beamz Interactive
PINK:BZIC
|
$1.00 |
|
International Silver Inc
PINK:ISLV
|
$1.00 |
|
Hawk Systems Inc
PINK:HWSY
|
$1.00 |
|
Halitron Inc
PINK:HAON
|
$1.00 |
|
Hemagen Diagnostics Inc
PINK:HMGN
|
$1.00 |
|
Roboserver Systems Corp
PINK:RBSY
|
$1.00 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Electronics Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2012 to 2013, total equity changed from 54,158,202 to 17,611,446, a change of -36,546,756 (-67.5%).
- Net loss of 36,378,221 reduced equity.
- Other comprehensive income decreased equity by 168,535.
Equity Change Factors (2012 to 2013)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-36.38 Million | -206.56% |
| Other Comprehensive Income | $-168.53K | -0.96% |
| Total Change | $- | -67.48% |
Book Value vs Market Value Analysis
This analysis compares China Electronics 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: 0.00x
- 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 37.00x to 0.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | $0.00 | $0.00 | x |
| 2009-12-31 | $0.00 | $0.00 | x |
| 2010-12-31 | $2.08 | $0.00 | x |
| 2011-12-31 | $3.03 | $0.00 | x |
| 2012-12-31 | $3.23 | $0.00 | x |
| 2013-12-31 | $1.05 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Electronics 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): -206.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -138.79%
- • Asset Turnover: 1.47x
- • Equity Multiplier: 1.01x
- Recent ROE (-206.56%) is above the historical average (-52442.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -314515.38% | 0.00% | 0.00x | 1.00x | $-40.89K |
| 2009 | 0.00% | -73.78% | 1.60x | 0.00x | $-5.95K |
| 2010 | 37.24% | 11.59% | 3.02x | 1.06x | $9.68 Million |
| 2011 | 30.29% | 15.48% | 1.79x | 1.09x | $10.81 Million |
| 2012 | -2.03% | -1.90% | 0.97x | 1.11x | $-6.52 Million |
| 2013 | -206.56% | -138.79% | 1.47x | 1.01x | $-38.14 Million |
Industry Comparison
This section compares China Electronics Holdings Inc's net assets metrics with peer companies in the Pollution & Treatment Controls industry.
Industry Context
- Industry: Pollution & Treatment Controls
- Average net assets among peers: $116,251,589
- Average return on equity (ROE) among peers: -23.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Electronics Holdings Inc (MSBN) | $14.83 Million | -314515.38% | 0.23x | $1.00 |
| Aduro Clean Technologies Inc. Common Stock (ADUR) | $2.39 Million | -212.16% | 0.35x | $109.58 Million |
| Aker Carbon Capture ASA (AKCCF) | $1.08 Billion | -17.93% | 0.50x | $8.31 Million |
| K.B. Recycling Industries Ltd (AKMYF) | $4.66 Million | -143.64% | 1.06x | $1.84 Million |
| Amanasu Environment Corporation (AMSU) | $319.63K | -23.90% | 0.30x | $1.65K |
| Arq Inc (ARQ) | $76.17 Million | 126.79% | 0.41x | $61.67 Million |
| Active Energy Group PLC (ATGVF) | $-6.72 Million | 0.00% | 0.00x | $85.59K |
| Atmofizer Technologies Inc (ATMFF) | $16.71 Million | 6.09% | 0.23x | $527.96K |
| Birchtech Corp. (BCHT) | $-13.20 Million | 0.00% | 0.00x | $35.09 Million |
| BIOREM Inc (BIRMF) | $6.72 Million | 32.43% | 2.58x | $24.28 Million |
| Bion Environmental Technologies Inc (BNET) | $-802.00K | 0.00% | 0.00x | $3.71 Million |