Plains Acquisition Corporation
Plains Acquisition Corporation operates as a bank holding company for Plains State Bank that provides banking products and services for individual and small and medium-sized businesses in the United States. The company offers checking, savings, business, and money markets accounts; certificate of deposit; consumer and business credit cards; business term, SBA, commercial real estate, constriction… Read more
Plains Acquisition Corporation (PLQC) - Net Assets
Latest net assets as of : $- USD
Based on the latest financial reports, Plains Acquisition Corporation (PLQC) has net assets worth $- USD as of .
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($-) and total liabilities ($-). 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 | $- |
| % of Total Assets | 0% |
| Annual Growth Rate | -27.46% |
| 5-Year Change | 64.28% |
| 10-Year Change | N/A |
| Growth Volatility | 40.48 |
Plains Acquisition Corporation - Net Assets Trend (2019–2024)
This chart illustrates how Plains Acquisition 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 Plains Acquisition Corporation (2019–2024)
The table below shows the annual net assets of Plains Acquisition Corporation from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $120.98 Million | +12.28% |
| 2023-12-31 | $107.75 Million | +17.45% |
| 2022-12-31 | $91.74 Million | +10.20% |
| 2021-12-31 | $83.25 Million | +13.04% |
| 2020-12-31 | $73.64 Million | -87.78% |
| 2019-12-31 | $602.84 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Plains Acquisition 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 grown by 161.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $95.26 Million | 78.74% |
| Common Stock | $2.55 Million | 2.11% |
| Other Components | $23.17 Million | 19.16% |
| Total Equity | $120.98 Million | 100.00% |
Plains Acquisition Corporation Competitors by Market Cap
The table below lists competitors of Plains Acquisition Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hongxin Tech Co Ltd
SHE:301539
|
$118.93 Million |
|
Zhejiang Wandekai Fluid Equipment Technology Co. Ltd. A
SHE:301309
|
$118.94 Million |
|
Cliq Digital AG
PINK:CLQDF
|
$118.95 Million |
|
Foxtons Group PLC
PINK:FXTGY
|
$118.96 Million |
|
Stereotaxis Inc
NYSE MKT:STXS
|
$118.90 Million |
|
Caisse Régionale de Crédit Agricole du Morbihan
LSE:0AHX
|
$118.84 Million |
|
OPORTUN FINL. DL-0001
F:4L0
|
$118.81 Million |
|
Giantplus Technology Co Ltd
TW:8105
|
$118.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Plains Acquisition Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 107,748,854 to 120,980,561, a change of 13,231,707 (12.3%).
- Net income of 17,015,510 contributed positively to equity growth.
- Dividend payments of 3,798,338 reduced retained earnings.
- New share issuances of 515,234 increased equity.
- Other comprehensive income increased equity by 5,701,631.
- Other factors decreased equity by 6,202,330.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $17.02 Million | +14.06% |
| Dividends Paid | $3.80 Million | -3.14% |
| Share Issuances | $515.23K | +0.43% |
| Other Comprehensive Income | $5.70 Million | +4.71% |
| Other Changes | $-6.20 Million | -5.13% |
| Total Change | $- | 12.28% |
Book Value vs Market Value Analysis
This analysis compares Plains Acquisition 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: 1.26x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.14x to 1.26x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $26.89 | $57.50 | x |
| 2020-12-31 | $30.39 | $57.50 | x |
| 2021-12-31 | $34.35 | $57.50 | x |
| 2022-12-31 | $35.78 | $57.50 | x |
| 2023-12-31 | $40.59 | $57.50 | x |
| 2024-12-31 | $45.57 | $57.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Plains Acquisition 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): 14.06%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 36.91%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 7.26x
- Recent ROE (14.06%) is above the historical average (14.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 11.79% | 30.04% | 0.04x | 9.49x | $1.14 Million |
| 2020 | 11.46% | 33.93% | 0.04x | 9.36x | $1.08 Million |
| 2021 | 13.94% | 36.85% | 0.04x | 9.41x | $3.28 Million |
| 2022 | 17.14% | 42.42% | 0.05x | 8.92x | $6.55 Million |
| 2023 | 15.62% | 41.09% | 0.05x | 7.60x | $6.05 Million |
| 2024 | 14.06% | 36.91% | 0.05x | 7.26x | $4.92 Million |
Industry Comparison
This section compares Plains Acquisition Corporation's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $22,823,266,317
- Average return on equity (ROE) among peers: 14.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Plains Acquisition Corporation (PLQC) | $- | 11.79% | N/A | $118.90 Million |
| Ameris Bancorp (ABCB) | $514.76 Million | 7.94% | 9.86x | $4.91 Billion |
| ACNB Corporation (ACNB) | $106.80 Million | 8.72% | 8.79x | $452.68 Million |
| Addiko Bank AG (ADBKF) | $6.08 Billion | 0.58% | 0.00x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $80.78 Million | 3.82% | 9.53x | $79.98 Million |
| Absa Group Limited (AGRPF) | $56.49 Billion | 12.11% | 11.71x | $6.72 Billion |
| AIB Group plc (AIBGY) | $2.74 Billion | 18.02% | 16.84x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $153.61 Billion | 39.08% | 6.47x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $8.37 Billion | 34.92% | 7.81x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $235.94 Million | 14.17% | 11.96x | $248.47 Million |