Ormet Corporation
Ormet Corporation engages in the production and sale of primary aluminum and related products in the United States. It offers aluminum/sows and alumina primarily to commodity traders. The company was founded in 1956 and is headquartered in Hannibal, Ohio.
Ormet Corporation (ORMTQ) - Net Assets
Latest net assets as of June 2012: $13.40 Million USD
Based on the latest financial reports, Ormet Corporation (ORMTQ) has net assets worth $13.40 Million USD as of June 2012.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($398.17 Million) and total liabilities ($384.77 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 | $13.40 Million |
| % of Total Assets | 3.36% |
| Annual Growth Rate | -4.75% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 392.01 |
Ormet Corporation - Net Assets Trend (2005–2011)
This chart illustrates how Ormet Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ormet Corporation (2005–2011)
The table below shows the annual net assets of Ormet Corporation from 2005 to 2011.
| Year | Net Assets | Change |
|---|---|---|
| 2011-12-31 | $26.13 Million | +129.93% |
| 2010-12-31 | $-87.30 Million | +39.69% |
| 2009-12-31 | $-144.75 Million | +28.83% |
| 2008-12-31 | $-203.39 Million | -196.85% |
| 2007-12-31 | $-68.52 Million | -858.18% |
| 2006-12-31 | $9.04 Million | -74.16% |
| 2005-12-31 | $34.98 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ormet Corporation'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 1579000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2011)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $19.00K | 0.07% |
| Other Comprehensive Income | $-135.94 Million | -520.31% |
| Other Components | $177.83 Million | 680.67% |
| Total Equity | $26.13 Million | 100.00% |
Ormet Corporation Competitors by Market Cap
The table below lists competitors of Ormet Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Consolidated Eco-Systems Inc
PINK:EXSO
|
$0.96 |
|
Critical Solutions
PINK:CSLI
|
$0.96 |
|
Hamilton Bancorp Inc
PINK:HABK
|
$0.96 |
|
UnderSea Recovery Corp
PINK:UNDR
|
$0.96 |
|
Compliance Energy Corporation
OTCGREY:CPYCF
|
$0.96 |
|
US BioTec Inc
PINK:USBC
|
$0.96 |
|
China BCT Pharmacy Group Inc
PINK:CNBI
|
$0.96 |
|
Piksel Inc
PINK:PIKL
|
$0.96 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ormet Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2010 to 2011, total equity changed from -87,300,000 to 26,126,000, a change of 113,426,000.
- Net income of 120,573,000 contributed positively to equity growth.
- Share repurchases of 457,000 reduced equity.
- Other comprehensive income decreased equity by 25,690,000.
- Other factors increased equity by 19,000,000.
Equity Change Factors (2010 to 2011)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $120.57 Million | +461.51% |
| Share Repurchases | $457.00K | -1.75% |
| Other Comprehensive Income | $-25.69 Million | -98.33% |
| Other Changes | $19.00 Million | +72.72% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Ormet Corporation'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 |
|---|---|---|---|
| 2005-12-31 | $54.07 | $0.00 | x |
| 2006-12-31 | $5.70 | $0.00 | x |
| 2007-12-31 | $-3.96 | $0.00 | x |
| 2008-12-31 | $-11.11 | $0.00 | x |
| 2009-12-31 | $-7.84 | $0.00 | x |
| 2010-12-31 | $-4.72 | $0.00 | x |
| 2011-12-31 | $1.40 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ormet Corporation 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): 461.51%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.60%
- • Asset Turnover: 1.34x
- • Equity Multiplier: 16.69x
- Recent ROE (461.51%) is above the historical average (-54.38%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | -22.68% | -3.49% | 0.71x | 9.16x | $-11.43 Million |
| 2006 | -819.48% | -31.38% | 0.84x | 31.22x | $-74.96 Million |
| 2007 | 0.00% | -24.77% | 1.75x | 0.00x | $-104.55 Million |
| 2008 | 0.00% | -0.93% | 2.48x | 0.00x | $15.25 Million |
| 2009 | 0.00% | 7.82% | 2.11x | 0.00x | $47.25 Million |
| 2010 | 0.00% | 9.19% | 1.56x | 0.00x | $48.48 Million |
| 2011 | 461.51% | 20.60% | 1.34x | 16.69x | $117.96 Million |
Industry Comparison
This section compares Ormet Corporation'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 |
|---|---|---|---|---|
| Ormet Corporation (ORMTQ) | $13.40 Million | -22.68% | 28.72x | $0.96 |
| Alcoa Corp (AA) | $5.84 Billion | -11.14% | 1.42x | $10.77 Billion |
| Aerofoam Metals Inc (AFML) | $-360.00K | 0.00% | 0.00x | $0.97 |
| 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 | $3.18 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 | $2.99 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 | $1.89 Billion |
| Mansfelder Metals Ltd (MNSF) | $1.17 Million | -79.28% | 1.62x | $0.92 |
| Norsk Hydro ASA (NHYKF) | $75.26 Billion | -1.22% | 0.55x | $5.63 Billion |