RediShred Capital Corp
RediShred Capital Corp., together with its subsidiaries, operates the Proshred franchise and license business in the United States. The company operates through three segments: Franchising and licensing, Corporate Locations, and Corporate. It grants and manages shredding business franchises under the Proshred brand, as well as operates corporate shredding locations. The company also provides shre… Read more
RediShred Capital Corp (RDCPF) - Net Assets
Latest net assets as of September 2024: $49.52 Million USD
Based on the latest financial reports, RediShred Capital Corp (RDCPF) has net assets worth $49.52 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($97.80 Million) and total liabilities ($48.28 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 | $49.52 Million |
| % of Total Assets | 50.63% |
| Annual Growth Rate | 24.99% |
| 5-Year Change | 57.63% |
| 10-Year Change | N/A |
| Growth Volatility | 330.9 |
RediShred Capital Corp - Net Assets Trend (2007–2023)
This chart illustrates how RediShred Capital 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 RediShred Capital Corp (2007–2023)
The table below shows the annual net assets of RediShred Capital Corp from 2007 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $47.13 Million | -0.32% |
| 2022-12-31 | $47.28 Million | +17.15% |
| 2021-12-31 | $40.36 Million | +32.73% |
| 2020-12-31 | $30.41 Million | +1.70% |
| 2019-12-31 | $29.90 Million | +49.89% |
| 2018-12-31 | $19.95 Million | +198.15% |
| 2017-12-31 | $6.69 Million | +1190.30% |
| 2016-12-31 | $518.52K | -2.17% |
| 2015-12-31 | $530.01K | +244.70% |
| 2014-12-31 | $-366.29K | +36.16% |
| 2013-12-31 | $-573.78K | -20.80% |
| 2012-12-31 | $-475.00K | -120.84% |
| 2011-12-31 | $2.28 Million | -44.25% |
| 2010-12-31 | $4.09 Million | -22.76% |
| 2009-12-31 | $5.29 Million | -21.05% |
| 2008-12-31 | $6.70 Million | +404.93% |
| 2007-12-31 | $1.33 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to RediShred Capital 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 grown by 108962500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $946.00K | 2.01% |
| Common Stock | $45.27 Million | 96.05% |
| Other Comprehensive Income | $-612.00K | -1.30% |
| Other Components | $1.53 Million | 3.24% |
| Total Equity | $47.13 Million | 100.00% |
RediShred Capital Corp Competitors by Market Cap
The table below lists competitors of RediShred Capital Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lingotes
MC:LGT
|
$44.72 Million |
|
Sugentech Inc
KQ:253840
|
$44.73 Million |
|
Yulon Nissan Motor Co Ltd
TW:2227
|
$44.73 Million |
|
Holiday Entertainment Co Ltd
TW:9943
|
$44.75 Million |
|
NACL Industries Limited
NSE:NACLIND
|
$44.71 Million |
|
Airgain Inc
NASDAQ:AIRG
|
$44.70 Million |
|
XTI Aerospace, Inc.
NASDAQ:XTIA
|
$44.70 Million |
|
Outcrop Gold Corp
OTCQX:OCGSF
|
$44.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in RediShred Capital Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 47,281,000 to 47,131,000, a change of -150,000 (-0.3%).
- Net loss of 529,000 reduced equity.
- Other comprehensive income decreased equity by 212,000.
- Other factors increased equity by 591,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-529.00K | -1.12% |
| Other Comprehensive Income | $-212.00K | -0.45% |
| Other Changes | $591.00K | +1.25% |
| Total Change | $- | -0.32% |
Book Value vs Market Value Analysis
This analysis compares RediShred Capital 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: 1.34x
- 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 2.33x to 1.34x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | $1.48 | $3.46 | x |
| 2008-12-31 | $1.66 | $3.46 | x |
| 2009-12-31 | $1.15 | $3.46 | x |
| 2010-12-31 | $0.71 | $3.46 | x |
| 2011-12-31 | $0.39 | $3.46 | x |
| 2012-12-31 | $-0.08 | $3.46 | x |
| 2013-12-31 | $-0.10 | $3.46 | x |
| 2014-12-31 | $-0.06 | $3.46 | x |
| 2015-12-31 | $0.09 | $3.46 | x |
| 2016-12-31 | $0.09 | $3.46 | x |
| 2017-12-31 | $0.71 | $3.46 | x |
| 2018-12-31 | $1.75 | $3.46 | x |
| 2019-12-31 | $2.06 | $3.46 | x |
| 2020-12-31 | $1.92 | $3.46 | x |
| 2021-12-31 | $2.52 | $3.46 | x |
| 2022-12-31 | $2.59 | $3.46 | x |
| 2023-12-31 | $2.58 | $3.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently RediShred Capital 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): -1.12%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.80%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 2.02x
- Recent ROE (-1.12%) is below the historical average (7.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -10.36% | 0.00% | 0.00x | 1.10x | $-270.40K |
| 2008 | -22.31% | -153.24% | 0.12x | 1.21x | $-2.17 Million |
| 2009 | -37.84% | -206.75% | 0.15x | 1.19x | $-2.53 Million |
| 2010 | -29.78% | -36.96% | 0.41x | 1.96x | $-1.63 Million |
| 2011 | -19.96% | -13.47% | 0.38x | 3.95x | $-683.04K |
| 2012 | 0.00% | -69.21% | 0.55x | 0.00x | $-2.76 Million |
| 2013 | 0.00% | -0.87% | 0.52x | 0.00x | $16.91K |
| 2014 | 0.00% | 3.93% | 0.68x | 0.00x | $279.42K |
| 2015 | 168.34% | 11.62% | 0.72x | 20.21x | $839.24K |
| 2016 | 33.54% | 1.81% | 0.96x | 19.29x | $122.04K |
| 2017 | 12.21% | 7.21% | 0.99x | 1.72x | $147.81K |
| 2018 | 13.60% | 18.50% | 0.52x | 1.40x | $717.72K |
| 2019 | -2.60% | -3.48% | 0.42x | 1.80x | $-3.77 Million |
| 2020 | 0.91% | 1.09% | 0.43x | 1.93x | $-2.76 Million |
| 2021 | 3.36% | 3.75% | 0.46x | 1.97x | $-2.68 Million |
| 2022 | 12.42% | 10.26% | 0.59x | 2.07x | $1.15 Million |
| 2023 | -1.12% | -0.80% | 0.69x | 2.02x | $-5.24 Million |
Industry Comparison
This section compares RediShred Capital 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 |
|---|---|---|---|---|
| RediShred Capital Corp (RDCPF) | $49.52 Million | -10.36% | 0.98x | $44.72 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 |