Omagine Inc
Omagine, Inc., through its subsidiaries, focuses on the entertainment, hospitality, and real-estate development opportunities primarily in the Middle East and North Africa. The company focuses on the design, development, and construction of mixed-use tourism and residential real-estate development projects. Omagine, Inc. was incorporated in 2004 and is based in New York, New York.
Omagine Inc (OMAGQ) - Net Assets
Latest net assets as of September 2017: $715.73 Million USD
Based on the latest financial reports, Omagine Inc (OMAGQ) has net assets worth $715.73 Million USD as of September 2017.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($718.69 Million) and total liabilities ($2.96 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 | $715.73 Million |
| % of Total Assets | 99.59% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | 326334.46% |
| Growth Volatility | 652.12 |
Omagine Inc - Net Assets Trend (1996–2016)
This chart illustrates how Omagine 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 Omagine Inc (1996–2016)
The table below shows the annual net assets of Omagine Inc from 1996 to 2016.
| Year | Net Assets | Change |
|---|---|---|
| 2016-12-31 | $716.19 Million | -0.18% |
| 2015-12-31 | $717.50 Million | +149832.00% |
| 2014-12-31 | $-479.19K | +68.71% |
| 2013-12-31 | $-1.53 Million | -80.73% |
| 2012-12-31 | $-847.47K | +39.37% |
| 2011-12-31 | $-1.40 Million | -3.68% |
| 2010-12-31 | $-1.35 Million | -41.07% |
| 2009-12-31 | $-955.58K | -64.08% |
| 2008-12-31 | $-582.40K | -365.46% |
| 2007-12-31 | $219.40K | +121.71% |
| 2006-12-31 | $-1.01 Million | -64.99% |
| 2005-12-31 | $-612.47K | -458.37% |
| 2004-12-31 | $-109.69K | -118.67% |
| 2003-12-31 | $587.64K | +353.71% |
| 2002-12-31 | $129.52K | -26.65% |
| 2001-12-31 | $176.58K | -72.60% |
| 2000-12-31 | $644.36K | +84.65% |
| 1999-12-31 | $348.96K | +1967.17% |
| 1998-12-31 | $16.88K | -84.43% |
| 1997-12-31 | $108.40K | +356.77% |
| 1996-12-31 | $-42.22K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Omagine 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 3818102300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2016)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $20.43K | 0.00% |
| Other Components | $470.35 Million | 109.61% |
| Total Equity | $429.10 Million | 100.00% |
Omagine Inc Competitors by Market Cap
The table below lists competitors of Omagine Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
The Healing Company Inc
PINK:HLCO
|
$23.28K |
|
TTEN3F
SA:TTEN3F
|
$23.28K |
|
STraffic Co. Ltd.
KO:234300
|
$23.29K |
|
Mobilum Technologies Inc
PINK:MBLMF
|
$23.30K |
|
Zotefoams PLC
LSE:ZTF
|
$23.24K |
|
Igis Residence Reit Co Ltd
KO:350520
|
$23.24K |
|
VECTOR
BE:VQA
|
$23.24K |
|
City Of London Investment Group
LSE:CLIG
|
$23.22K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Omagine Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2015 to 2016, total equity changed from 430,327,690 to 429,097,981, a change of -1,229,709 (-0.3%).
- Net loss of 3,014,124 reduced equity.
Equity Change Factors (2015 to 2016)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.01 Million | -0.7% |
| Other Changes | $1.78 Million | +0.42% |
| Total Change | $- | -0.29% |
Book Value vs Market Value Analysis
This analysis compares Omagine 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $-5.78 | $0.00 | x |
| 1996-12-31 | $-4.45 | $0.00 | x |
| 1997-12-31 | $0.12 | $0.00 | x |
| 1998-12-31 | $0.01 | $0.00 | x |
| 1999-12-31 | $0.26 | $0.00 | x |
| 2000-12-31 | $0.41 | $0.00 | x |
| 2001-12-31 | $0.10 | $0.00 | x |
| 2002-12-31 | $0.06 | $0.00 | x |
| 2003-12-31 | $0.27 | $0.00 | x |
| 2004-12-31 | $-0.05 | $0.00 | x |
| 2005-12-31 | $-0.20 | $0.00 | x |
| 2006-12-31 | $-0.17 | $0.00 | x |
| 2007-12-31 | $0.03 | $0.00 | x |
| 2008-12-31 | $-0.06 | $0.00 | x |
| 2009-12-31 | $-0.10 | $0.00 | x |
| 2010-12-31 | $-0.11 | $0.00 | x |
| 2011-12-31 | $-0.11 | $0.00 | x |
| 2012-12-31 | $-0.06 | $0.00 | x |
| 2013-12-31 | $-0.10 | $0.00 | x |
| 2014-12-31 | $-0.02 | $0.00 | x |
| 2015-12-31 | $24.61 | $0.00 | x |
| 2016-12-31 | $21.84 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Omagine 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): -0.70%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.68x
- Recent ROE (-0.70%) is above the historical average (-201.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 0.00% | 0.00% | 0.00x | 0.00x | $210.60K |
| 1996 | 0.00% | 0.00% | 0.00x | 0.00x | $-25.07K |
| 1997 | -417.26% | -1470.07% | 0.12x | 2.46x | $-463.17K |
| 1998 | -2237.87% | -370.41% | 0.80x | 7.53x | $-379.46K |
| 1999 | -198.57% | -530.03% | 0.37x | 1.02x | $-727.82K |
| 2000 | -52.16% | -204.89% | 0.25x | 1.00x | $-400.51K |
| 2001 | -316.28% | -2028.08% | 0.13x | 1.16x | $-576.15K |
| 2002 | -609.57% | -1470.58% | 0.21x | 2.00x | $-802.46K |
| 2003 | -120.28% | -4035.63% | 0.02x | 1.28x | $-765.57K |
| 2004 | 0.00% | -1442.07% | 0.61x | 0.00x | $-1.01 Million |
| 2005 | 0.00% | -2227.94% | 2.53x | 0.00x | $-5.98 Million |
| 2006 | 0.00% | -64.95% | 12.16x | 0.00x | $-666.90K |
| 2007 | -475.48% | -3525.48% | 0.04x | 3.47x | $-1.07 Million |
| 2008 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.25 Million |
| 2009 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.02 Million |
| 2010 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.14 Million |
| 2011 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.56 Million |
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.70 Million |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.53 Million |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $-6.79 Million |
| 2015 | -1.33% | 0.00% | 0.00x | 1.67x | $-48.77 Million |
| 2016 | -0.70% | 0.00% | 0.00x | 1.68x | $-45.92 Million |
Industry Comparison
This section compares Omagine Inc's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $8,708,016,178
- Average return on equity (ROE) among peers: -18.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Omagine Inc (OMAGQ) | $715.73 Million | 0.00% | 0.00x | $23.25K |
| Applied Development Holdings Limited (ADHLF) | $872.99 Million | -18.66% | 0.65x | $1.95 Million |
| Alset Ehome International Inc (AEI) | $29.20 Million | -17.09% | 0.67x | $7.53 Million |
| Autris (AUTR) | $-56.91K | 0.00% | 0.00x | $1.57K |
| AMREP Corporation (AXR) | $127.47 Million | 9.98% | 0.05x | $80.48 Million |
| Ayala Land Inc (AYAAF) | $50.75 Billion | 8.64% | 0.64x | $3.06 Billion |
| Bayport International Holdings Inc (BAYP) | $124.43K | -208.38% | 2.27x | $1.00 |
| Beijing North Star Company Limited (BEIJF) | $8.81 Billion | 5.10% | 1.91x | $161.03 Million |
| China Overseas Land Investment (CAOVY) | $25.08 Billion | 15.75% | 1.41x | $20.11 Billion |
| C C Land Holdings Limited (CCLHF) | $354.40 Million | 7.00% | 0.52x | $141.49 Million |
| Century Communities Inc (CCS) | $1.06 Billion | 10.64% | 1.35x | $1.45 Billion |