Proliance International Inc
Proliance International, Inc. designs, manufactures, and markets heat exchange products and temperature control parts for the automotive and light truck aftermarket, as well as heat exchange products. The company's heat exchange products include radiators, heater cores, heaters, radiator cores, and condensers; and temperature control parts comprise condensers, compressors, accumulators/driers, an… Read more
Proliance International Inc (PLNTQ) - Net Assets
Latest net assets as of March 2009: $26.82 Million USD
Based on the latest financial reports, Proliance International Inc (PLNTQ) has net assets worth $26.82 Million USD as of March 2009.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($160.31 Million) and total liabilities ($133.49 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 | $26.82 Million |
| % of Total Assets | 16.73% |
| Annual Growth Rate | -1.46% |
| 5-Year Change | -9.92% |
| 10-Year Change | -43.37% |
| Growth Volatility | 28.49 |
Proliance International Inc - Net Assets Trend (1995–2008)
This chart illustrates how Proliance International 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 Proliance International Inc (1995–2008)
The table below shows the annual net assets of Proliance International Inc from 1995 to 2008.
| Year | Net Assets | Change |
|---|---|---|
| 2008-12-31 | $42.19 Million | -33.06% |
| 2007-12-31 | $63.03 Million | -15.37% |
| 2006-12-31 | $74.47 Million | -14.64% |
| 2005-12-31 | $87.25 Million | +86.29% |
| 2004-12-31 | $46.84 Million | +7.37% |
| 2003-12-31 | $43.62 Million | -9.57% |
| 2002-12-31 | $48.24 Million | -1.48% |
| 2001-12-31 | $48.97 Million | -31.50% |
| 2000-12-31 | $71.48 Million | -4.06% |
| 1999-12-31 | $74.50 Million | +9.72% |
| 1998-12-31 | $67.90 Million | +4.46% |
| 1997-12-31 | $65.00 Million | +10.73% |
| 1996-12-31 | $58.70 Million | +14.87% |
| 1995-12-31 | $51.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Proliance International 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 5908.2% over the analyzed period, potentially due to dividend distributions or operating losses.
- The company has 0.0% of equity in treasury stock, representing shares repurchased from the open market.
Current Equity Component Breakdown (December 2008)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $158.00K | 0.37% |
| Treasury Stock | $15.00K | 0.04% |
| Other Comprehensive Income | $-18.11 Million | -42.94% |
| Other Components | $112.43 Million | 266.50% |
| Total Equity | $42.19 Million | 100.00% |
Proliance International Inc Competitors by Market Cap
The table below lists competitors of Proliance International Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aerofoam Metals Inc
PINK:AFML
|
$0.97 |
|
Diversified Oil & Gas Holdings Ltd
PINK:DVFI
|
$0.97 |
|
All American Pet Co
PINK:AAPT
|
$0.97 |
|
Internetarray
PINK:INAR
|
$0.97 |
|
Blue Gem Enterprise
PINK:BGEM
|
$0.96 |
|
Quick-Med Technologies Inc
PINK:QMDT
|
$0.96 |
|
Nouveau Life Pharmaceuticals Inc
PINK:NOUV
|
$0.96 |
|
Discovery Minerals
PINK:DSCR
|
$0.96 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Proliance International Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2007 to 2008, total equity changed from 63,026,000 to 42,189,000, a change of -20,837,000 (-33.1%).
- Net loss of 4,062,000 reduced equity.
- Dividend payments of 173,000 reduced retained earnings.
- Other comprehensive income decreased equity by 19,891,000.
- Other factors increased equity by 3,289,000.
Equity Change Factors (2007 to 2008)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-4.06 Million | -9.63% |
| Dividends Paid | $173.00K | -0.41% |
| Other Comprehensive Income | $-19.89 Million | -47.15% |
| Other Changes | $3.29 Million | +7.8% |
| Total Change | $- | -33.06% |
Book Value vs Market Value Analysis
This analysis compares Proliance International 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 | $7.81 | $0.00 | x |
| 1996-12-31 | $8.90 | $0.00 | x |
| 1997-12-31 | $9.87 | $0.00 | x |
| 1998-12-31 | $9.98 | $0.00 | x |
| 1999-12-31 | $10.51 | $0.00 | x |
| 2000-12-31 | $10.87 | $0.00 | x |
| 2001-12-31 | $7.39 | $0.00 | x |
| 2002-12-31 | $6.77 | $0.00 | x |
| 2003-12-31 | $6.14 | $0.00 | x |
| 2004-12-31 | $6.25 | $0.00 | x |
| 2005-12-31 | $8.14 | $0.00 | x |
| 2006-12-31 | $4.88 | $0.00 | x |
| 2007-12-31 | $4.10 | $0.00 | x |
| 2008-12-31 | $2.68 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Proliance International 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): -9.63%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.16%
- • Asset Turnover: 1.87x
- • Equity Multiplier: 4.44x
- Recent ROE (-9.63%) is below the historical average (-4.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 17.81% | 6.00% | 1.09x | 2.73x | $3.99 Million |
| 1996 | 14.31% | 3.18% | 1.88x | 2.39x | $2.53 Million |
| 1997 | 12.15% | 2.73% | 2.00x | 2.22x | $1.40 Million |
| 1998 | 2.36% | 0.67% | 1.62x | 2.19x | $-5.19 Million |
| 1999 | 9.13% | 2.60% | 1.41x | 2.50x | $-650.00K |
| 2000 | -3.91% | -1.37% | 1.30x | 2.19x | $-9.94 Million |
| 2001 | -42.56% | -10.25% | 1.57x | 2.65x | $-25.73 Million |
| 2002 | 4.12% | 0.86% | 1.44x | 3.32x | $-2.84 Million |
| 2003 | -10.40% | -1.98% | 1.46x | 3.60x | $-8.90 Million |
| 2004 | 11.06% | 1.93% | 1.79x | 3.21x | $494.50K |
| 2005 | -11.38% | -3.35% | 1.37x | 2.49x | $-18.66 Million |
| 2006 | -24.24% | -4.34% | 1.85x | 3.01x | $-25.50 Million |
| 2007 | -26.66% | -4.27% | 1.89x | 3.31x | $-23.11 Million |
| 2008 | -9.63% | -1.16% | 1.87x | 4.44x | $-8.28 Million |
Industry Comparison
This section compares Proliance International Inc's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $94,031,693,577
- Average return on equity (ROE) among peers: 7.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Proliance International Inc (PLNTQ) | $26.82 Million | 17.81% | 4.98x | $0.96 |
| Altisource Asset Management Corporation (AAMCF) | $-166.58 Million | 0.00% | 0.00x | $94.00 |
| Advance Auto Parts Inc (AAP) | $919.77 Million | 25.52% | 1.76x | $3.10 Billion |
| AB Dynamics plc (ABDDF) | $125.16 Million | 8.78% | 0.36x | $390.81 Million |
| Adient PLC (ADNT) | $4.62 Billion | 18.98% | 1.85x | $1.57 Billion |
| Agristar Inc (AGRS) | $687.77K | -63.01% | 1.48x | $99.67 |
| Akebono Brake Industry Co. Ltd (AKBIF) | $54.74 Billion | 12.11% | 1.84x | $73.29 Million |
| Allison Transmission Holdings Inc (ALSN) | $1.40 Billion | 16.35% | 2.44x | $9.85 Billion |
| Autoliv Inc (ALV) | $3.78 Billion | 12.79% | 0.74x | $7.75 Billion |
| Aptiv PLC (APTV) | $3.01 Billion | 44.84% | 2.56x | $15.18 Billion |
| Aisin Seiki Co Ltd (ASEKY) | $871.89 Billion | 1.90% | 1.27x | $5.03 Billion |