Noranda Aluminum Holding Corp
Noranda Aluminum Holding Corporation produces and sells primary aluminum, alumina, bauxite, and rolled aluminum coils in the United States. The company's Bauxite segment mines, produces, and sells bauxite used for alumina production. Its Alumina segment refines and converts bauxite into alumina, which is used in the production of primary aluminum; and sells smelter grade alumina and alumina hydra… Read more
Noranda Aluminum Holding Corp (NORNQ) - Net Assets
Latest net assets as of December 2015: $-171.90 Million USD
Based on the latest financial reports, Noranda Aluminum Holding Corp (NORNQ) has net assets worth $-171.90 Million USD as of December 2015.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.09 Billion) and total liabilities ($1.26 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 | $-171.90 Million |
| % of Total Assets | -15.81% |
| Annual Growth Rate | N/A |
| 5-Year Change | -166.22% |
| 10-Year Change | N/A |
| Growth Volatility | 156.91 |
Noranda Aluminum Holding Corp - Net Assets Trend (2006–2015)
This chart illustrates how Noranda Aluminum Holding 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 Noranda Aluminum Holding Corp (2006–2015)
The table below shows the annual net assets of Noranda Aluminum Holding Corp from 2006 to 2015.
| Year | Net Assets | Change |
|---|---|---|
| 2015-12-31 | $-171.90 Million | -338.42% |
| 2014-12-31 | $72.10 Million | -51.05% |
| 2013-12-31 | $147.30 Million | -3.28% |
| 2012-12-31 | $152.30 Million | -41.33% |
| 2011-12-31 | $259.60 Million | -12.21% |
| 2010-12-31 | $295.70 Million | +220.84% |
| 2009-12-31 | $92.16 Million | +151.57% |
| 2008-12-31 | $36.63 Million | +48303.95% |
| 2007-12-31 | $-76.00K | -100.01% |
| 2006-12-31 | $1.01 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Noranda Aluminum Holding 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 654.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2015)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $100.00K | % |
| Other Comprehensive Income | $-96.00 Million | % |
| Other Components | $247.40 Million | % |
| Total Equity | $-177.90 Million | 100.00% |
Noranda Aluminum Holding Corp Competitors by Market Cap
The table below lists competitors of Noranda Aluminum Holding Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Oze Capital SA
WAR:OZE
|
$1.00K |
|
Oracle Coalfields Plc
LSE:ORCP
|
$1.00K |
|
Diamond Holdings Inc
PINK:DIAH
|
$1.00K |
|
European Opportunities Trust plc
LSE:EOT
|
$1.00K |
|
Baillie Gifford Japan Trust
LSE:BGFD
|
$1.00K |
|
Ricebran Tech
PINK:RIBT
|
$1.00K |
|
China De Xiao Quan Care Group Co. Ltd
PINK:CDXQ
|
$999.99 |
|
Optigis S.A.
WAR:OPI
|
$998.64 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Noranda Aluminum Holding Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2014 to 2015, total equity changed from 66,100,000 to -177,900,000, a change of -244,000,000 (-369.1%).
- Net loss of 259,600,000 reduced equity.
- Dividend payments of 1,400,000 reduced retained earnings.
- Share repurchases of 200,000 reduced equity.
- Other comprehensive income increased equity by 14,000,000.
- Other factors increased equity by 3,200,000.
Equity Change Factors (2014 to 2015)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-259.60 Million | -145.92% |
| Dividends Paid | $1.40 Million | -0.79% |
| Share Repurchases | $200.00K | -0.11% |
| Other Comprehensive Income | $14.00 Million | +7.87% |
| Other Changes | $3.20 Million | +1.8% |
| Total Change | $- | -369.14% |
Book Value vs Market Value Analysis
This analysis compares Noranda Aluminum Holding 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | $161.29 | $0.00 | x |
| 2007-12-31 | $-0.01 | $0.00 | x |
| 2008-12-31 | $5.86 | $0.00 | x |
| 2009-12-31 | $13.86 | $0.00 | x |
| 2010-12-31 | $38.41 | $0.00 | x |
| 2011-12-31 | $25.97 | $0.00 | x |
| 2012-12-31 | $14.82 | $0.00 | x |
| 2013-12-31 | $14.56 | $0.00 | x |
| 2014-12-31 | $6.74 | $0.00 | x |
| 2015-12-31 | $-17.88 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Noranda Aluminum Holding 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -21.14%
- • Asset Turnover: 1.13x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-3.46%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 11.30% | 8.68% | 0.81x | 1.60x | $13.06 Million |
| 2007 | 0.00% | 1.61% | 0.85x | 0.00x | $22.43 Million |
| 2008 | -202.15% | -5.85% | 0.65x | 52.85x | $-77.72 Million |
| 2009 | 117.65% | 13.17% | 0.45x | 19.70x | $92.76 Million |
| 2010 | 23.09% | 5.17% | 0.92x | 4.88x | $37.93 Million |
| 2011 | 55.56% | 9.03% | 1.13x | 5.43x | $115.54 Million |
| 2012 | 33.83% | 3.55% | 1.03x | 9.28x | $34.87 Million |
| 2013 | -33.69% | -3.54% | 1.02x | 9.36x | $-61.73 Million |
| 2014 | -40.24% | -1.96% | 1.03x | 19.94x | $-33.21 Million |
| 2015 | 0.00% | -21.14% | 1.13x | 0.00x | $-241.81 Million |
Industry Comparison
This section compares Noranda Aluminum Holding Corp's net assets metrics with peer companies in the Aluminum industry.
Industry Context
- Industry: Aluminum
- Average net assets among peers: $17,686,066,449
- Average return on equity (ROE) among peers: -13.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Noranda Aluminum Holding Corp (NORNQ) | $-171.90 Million | 11.30% | N/A | $1.00K |
| Alcoa Corp (AA) | $5.84 Billion | -11.14% | 1.42x | $10.77 Billion |
| Aerofoam Metals Inc (AFML) | $-360.00K | 0.00% | 0.00x | $0.95 |
| Aluminum Corporation of China Limited (ALMMF) | $58.15 Billion | 0.41% | 1.70x | $7.01 Billion |
| Century Aluminum Company (CENX) | $344.10 Million | -12.53% | 4.37x | $3.13 Billion |
| China Hongqiao Group Limited (CHHQY) | $36.24 Billion | 10.07% | 1.94x | $44.45 Billion |
| Constellium Nv (CSTM) | $802.57 Million | 38.38% | 5.57x | $3.01 Billion |
| Orbite Technologies Inc (EORBF) | $79.06 Million | 0.00% | 0.08x | $135.68K |
| Kaiser Aluminum Corporation (KALU) | $133.50 Million | -80.00% | 19.21x | $1.87 Billion |
| Mansfelder Metals Ltd (MNSF) | $1.17 Million | -79.28% | 1.62x | $0.95 |
| Norsk Hydro ASA (NHYKF) | $75.26 Billion | -1.22% | 0.55x | $5.63 Billion |