Pendrell Corp
Pendrell Corporation invests in, acquires, and develops businesses with technologies that are protected by intellectual property (IP) rights in the United States. It manages three IP licensing programs comprising memory and storage technologies, digital media, and digital cinema. The company's digital media program is supported by patents and patent applications to protect against unauthorized du… Read more
Pendrell Corp (PCOA) - Net Assets
Latest net assets as of December 2017: $199.19 Million USD
Based on the latest financial reports, Pendrell Corp (PCOA) has net assets worth $199.19 Million USD as of December 2017.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($208.18 Million) and total liabilities ($9.00 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 | $199.19 Million |
| % of Total Assets | 95.68% |
| Annual Growth Rate | -11.56% |
| 5-Year Change | -40.86% |
| 10-Year Change | N/A |
| Growth Volatility | 2600.86 |
Pendrell Corp - Net Assets Trend (2001–2017)
This chart illustrates how Pendrell 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 Pendrell Corp (2001–2017)
The table below shows the annual net assets of Pendrell Corp from 2001 to 2017.
| Year | Net Assets | Change |
|---|---|---|
| 2017-12-31 | $199.19 Million | +0.55% |
| 2016-12-31 | $198.10 Million | +12.34% |
| 2015-12-31 | $176.34 Million | -39.42% |
| 2014-12-31 | $291.11 Million | -13.56% |
| 2013-12-31 | $336.79 Million | -17.97% |
| 2012-12-31 | $410.59 Million | +31.27% |
| 2011-12-31 | $312.78 Million | +1481.89% |
| 2010-12-31 | $-22.63 Million | +50.37% |
| 2009-12-31 | $-45.60 Million | +76.31% |
| 2008-12-31 | $-192.51 Million | -47.33% |
| 2007-12-31 | $-130.66 Million | -154.83% |
| 2006-12-31 | $-51.27 Million | -8688.78% |
| 2005-12-31 | $597.00K | +100.97% |
| 2004-12-31 | $-61.30 Million | -107.29% |
| 2003-12-31 | $840.66 Million | -19.10% |
| 2002-12-31 | $1.04 Billion | -26.96% |
| 2001-12-31 | $1.42 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pendrell 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 174716000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2017)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.66 Million | 1.30% |
| Other Components | $1.95 Billion | 955.26% |
| Total Equity | $203.97 Million | 100.00% |
Pendrell Corp Competitors by Market Cap
The table below lists competitors of Pendrell Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nordrest Holding AB (publ)
ST:NREST
|
$145.50 Million |
|
Gigasolar Materials
TWO:3691
|
$145.51 Million |
|
Solara Active Pharma Sciences Limited
NSE:SOLARA
|
$145.55 Million |
|
SHANDONG BOAN BIOTECH.H 1
F:UJ9
|
$145.58 Million |
|
Shanghai Conglin Environmental Protection Technology Co. Ltd. A
SHG:688370
|
$145.47 Million |
|
Deep Value Driller AS
OL:DVD
|
$145.46 Million |
|
Man Industries (India) Limited
NSE:MANINDS
|
$145.44 Million |
|
Taigen Biopharmaceuticals Holdings Ltd
TWO:4157
|
$145.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pendrell Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2016 to 2017, total equity changed from 201,806,000 to 203,973,000, a change of 2,167,000 (1.1%).
- Net income of 19,060,000 contributed positively to equity growth.
- Dividend payments of 2,983,000 reduced retained earnings.
- Share repurchases of 19,666,000 reduced equity.
- Other factors increased equity by 5,756,000.
Equity Change Factors (2016 to 2017)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $19.06 Million | +9.34% |
| Dividends Paid | $2.98 Million | -1.46% |
| Share Repurchases | $19.67 Million | -9.64% |
| Other Changes | $5.76 Million | +2.82% |
| Total Change | $- | 1.07% |
Book Value vs Market Value Analysis
This analysis compares Pendrell 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: 0.76x
- 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 19.85x to 0.76x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $7557.48 | $150000.00 | x |
| 2002-12-31 | $5353.59 | $150000.00 | x |
| 2003-12-31 | $4308.34 | $150000.00 | x |
| 2004-12-31 | $-77398.99 | $150000.00 | x |
| 2005-12-31 | $4.03 | $150000.00 | x |
| 2006-12-31 | $-64741.16 | $150000.00 | x |
| 2007-12-31 | $-164152.01 | $150000.00 | x |
| 2008-12-31 | $-232220.75 | $150000.00 | x |
| 2009-12-31 | $-2065.16 | $150000.00 | x |
| 2010-12-31 | $-1016.62 | $150000.00 | x |
| 2011-12-31 | $294433.40 | $150000.00 | x |
| 2012-12-31 | $348987.68 | $150000.00 | x |
| 2013-12-31 | $309625.95 | $150000.00 | x |
| 2014-12-31 | $269076.63 | $150000.00 | x |
| 2015-12-31 | $169711.86 | $150000.00 | x |
| 2016-12-31 | $182299.91 | $150000.00 | x |
| 2017-12-31 | $198610.52 | $150000.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pendrell 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): 9.34%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 44.56%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 1.02x
- Recent ROE (9.34%) is below the historical average (241.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -15.88% | 0.00% | 0.00x | 1.59x | $-368.17 Million |
| 2002 | -39.60% | 0.00% | 0.00x | 1.51x | $-515.43 Million |
| 2003 | -27.85% | 0.00% | 0.00x | 1.18x | $-318.21 Million |
| 2004 | 0.00% | 0.00% | 0.00x | 0.00x | $-896.37 Million |
| 2005 | 4144.67% | 0.00% | 0.00x | 886.82x | $33.33 Million |
| 2006 | 0.00% | 0.00% | 0.00x | 0.00x | $-59.04 Million |
| 2007 | 0.00% | 0.00% | 0.00x | 0.00x | $-62.25 Million |
| 2008 | 0.00% | 0.00% | 0.00x | 0.00x | $-83.93 Million |
| 2009 | 0.00% | 0.00% | 0.00x | 0.00x | $200.04 Million |
| 2010 | 0.00% | 0.00% | 0.00x | 0.00x | $-420.60K |
| 2011 | 104.53% | 12091.77% | 0.01x | 1.43x | $288.36 Million |
| 2012 | 10.89% | 118.68% | 0.08x | 1.13x | $3.27 Million |
| 2013 | -16.97% | -419.42% | 0.04x | 1.08x | $-87.51 Million |
| 2014 | -17.93% | -119.91% | 0.14x | 1.07x | $-79.44 Million |
| 2015 | -60.85% | -252.03% | 0.24x | 1.00x | $-127.70 Million |
| 2016 | 8.80% | 30.10% | 0.28x | 1.05x | $-2.42 Million |
| 2017 | 9.34% | 44.56% | 0.21x | 1.02x | $-1.34 Million |
Industry Comparison
This section compares Pendrell Corp's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $772,489,888
- Average return on equity (ROE) among peers: -12.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pendrell Corp (PCOA) | $199.19 Million | -15.88% | 0.05x | $145.50 Million |
| All American Pet Co (AAPT) | $-1.12 Million | 0.00% | 0.00x | $0.97 |
| ABM Industries Incorporated (ABM) | $61.90 Million | 11.47% | 1.78x | $2.27 Billion |
| ADM Endeavors Inc (ADMQ) | $284.02K | -124.30% | 3.55x | $3.87 Million |
| Amentum Holdings Inc. (AMTM) | $4.55 Billion | -1.80% | 1.63x | $4.20 Billion |
| Anacomp Inc (ANMP) | $101.14 Million | -0.68% | 0.63x | $976.94K |
| Rich Sparkle Holdings Limited Ordinary Shares (ANPA) | $5.65 Million | 2.35% | 0.50x | $30.94 Million |
| Applus Services S.A (APLUF) | $642.95 Million | 7.56% | 2.78x | $16.82 Million |
| ARC Document Solutions Inc (ARC) | $-35.01 Million | 0.00% | 0.00x | $110.98 Million |
| Aramark Holdings (ARMK) | $2.75 Billion | -16.80% | 4.72x | $10.51 Billion |
| Atento S.A. (ATTOF) | $-348.87 Million | 0.00% | 0.00x | $945.48 |