Novus Acquisition and Development Corp
Novus Acquisition & Development Corp., through its subsidiary, WCIG Insurance Service, Inc., operates as an insurance company in California. It offers health policies in CBD concentrate cannabis space; benefit plans, such as dental, vision, hearing, and telemedicine; and THC health plans. The company was formerly known as BrandQuest Development Group, Inc. and changed its name to Novus Acquisitio… Read more
Novus Acquisition and Development Corp (NDEV) - Net Assets
Latest net assets as of March 2025: $1.72 Million USD
Based on the latest financial reports, Novus Acquisition and Development Corp (NDEV) has net assets worth $1.72 Million USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.89 Million) and total liabilities ($165.21K). 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 | $1.72 Million |
| % of Total Assets | 91.26% |
| Annual Growth Rate | N/A |
| 5-Year Change | 102.62% |
| 10-Year Change | 255.6% |
| Growth Volatility | 24.53 |
Novus Acquisition and Development Corp - Net Assets Trend (2006–2024)
This chart illustrates how Novus Acquisition and Development Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Novus Acquisition and Development Corp (2006–2024)
The table below shows the annual net assets of Novus Acquisition and Development Corp from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.71 Million | +5.71% |
| 2023-12-31 | $1.62 Million | +3.21% |
| 2022-12-31 | $1.57 Million | +4.31% |
| 2021-12-31 | $1.51 Million | +78.05% |
| 2020-12-31 | $846.24K | +3.15% |
| 2019-12-31 | $820.42K | +10.58% |
| 2018-12-31 | $741.94K | +22.41% |
| 2017-12-31 | $606.12K | -7.41% |
| 2016-12-31 | $654.61K | +35.76% |
| 2015-12-31 | $482.18K | +876.63% |
| 2014-12-31 | $-62.09K | +14.79% |
| 2011-12-31 | $-72.86K | -88.19% |
| 2006-12-31 | $-38.72K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Novus Acquisition and Development Corp'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 535555900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $126.80K | 6.88% |
| Other Components | $7.91 Million | 429.45% |
| Total Equity | $1.84 Million | 100.00% |
Novus Acquisition and Development Corp Competitors by Market Cap
The table below lists competitors of Novus Acquisition and Development Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ARM CEMENT PLC
XNAI:ATHI
|
$413.23 |
|
INTL PRKSIDE PRDCTS
BE:YIP
|
$413.55 |
|
Schroder Oriental Income Fund
LSE:SOI
|
$413.87 |
|
eXeBlock Technology Corp
STU:1DF
|
$414.37 |
|
PGI Incorporated
PINK:PGAI
|
$411.16 |
|
Global Opportunities Trust Ord
LSE:GOT
|
$411.02 |
|
Black Spruce Exploration Inc.
V:BARK
|
$410.75 |
|
School Specialty Inc
PINK:SCOO
|
$410.58 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Novus Acquisition and Development Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,730,543 to 1,842,105, a change of 111,562 (6.4%).
- Net income of 170,256 contributed positively to equity growth.
- Other comprehensive income increased equity by 107,803.
- Other factors decreased equity by 166,497.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $170.26K | +9.24% |
| Other Comprehensive Income | $107.80K | +5.85% |
| Other Changes | $-166.50K | -9.04% |
| Total Change | $- | 6.45% |
Book Value vs Market Value Analysis
This analysis compares Novus Acquisition and Development Corp'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: 3.14x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | $0.00 | $0.05 | x |
| 2011-12-31 | $0.00 | $0.05 | x |
| 2017-12-31 | $0.01 | $0.05 | x |
| 2018-12-31 | $0.01 | $0.05 | x |
| 2019-12-31 | $0.01 | $0.05 | x |
| 2020-12-31 | $0.01 | $0.05 | x |
| 2021-12-31 | $0.01 | $0.05 | x |
| 2022-12-31 | $0.02 | $0.05 | x |
| 2023-12-31 | $0.02 | $0.05 | x |
| 2024-12-31 | $0.01 | $0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Novus Acquisition and Development Corp 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): 9.24%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 46.18%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 1.02x
- Recent ROE (9.24%) is above the historical average (4.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 0.00% | 0.00% | 0.00x | 0.00x | $-18.29K |
| 2011 | 0.00% | 24.53% | 0.90x | 0.00x | $31.02K |
| 2014 | 0.00% | -2923.54% | 0.45x | 0.00x | $-1.19 Million |
| 2015 | -2.04% | -38.51% | 0.12x | 0.43x | $-186.88K |
| 2016 | 2.27% | 39.94% | 0.10x | 0.55x | $-107.31K |
| 2017 | 4.77% | 49.76% | 0.19x | 0.51x | $-71.12K |
| 2018 | 6.87% | 53.23% | 0.21x | 0.60x | $-43.64K |
| 2019 | 4.86% | 31.59% | 0.24x | 0.65x | $-73.24K |
| 2020 | 9.76% | 34.09% | 0.25x | 1.14x | $-2.00K |
| 2021 | 5.91% | 35.85% | 0.16x | 1.02x | $-66.01K |
| 2022 | 7.00% | 38.45% | 0.18x | 1.02x | $-50.47K |
| 2023 | 8.52% | 43.14% | 0.19x | 1.03x | $-25.54K |
| 2024 | 9.24% | 46.18% | 0.20x | 1.02x | $-13.95K |
Industry Comparison
This section compares Novus Acquisition and Development Corp's net assets metrics with peer companies in the Insurance - Diversified industry.
Industry Context
- Industry: Insurance - Diversified
- Average net assets among peers: $29,608,843,500
- Average return on equity (ROE) among peers: 13.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Novus Acquisition and Development Corp (NDEV) | $1.72 Million | 0.00% | 0.10x | $412.22 |
| Alm. Brand A/S (ABDBY) | $13.40 Billion | 5.80% | 1.64x | $2.98 Billion |
| Arch Capital Group Ltd (ACGL) | $2.48 Billion | 10.34% | 3.63x | $32.40 Billion |
| ageas SA/NV (AGESF) | $8.80 Billion | 12.71% | 10.19x | $10.79 Billion |
| American International Group Inc (AIG) | $109.64 Billion | 12.81% | 7.93x | $41.13 Billion |
| Aviva plc (AIVAF) | $11.16 Billion | 0.00% | 0.03x | $18.17 Billion |
| Allianz SE (ALIZF) | $63.58 Billion | 13.43% | 14.46x | $143.52 Billion |
| Assicurazioni Generali S.p.A (ARZGF) | $18.35 Billion | 18.39% | 19.85x | $30.45 Billion |
| AXA SA (AXAHF) | $52.40 Billion | 13.72% | 11.30x | $66.04 Billion |
| BB Seguridade Participacoes SA (BBSEY) | $11.40 Billion | 35.51% | 0.17x | $4.26 Billion |
| Bâloise Holding AG (BLHEF) | $4.87 Billion | 8.96% | 14.09x | $8.54 Billion |