Redwood Trust Inc. (RWTRP) - Net Assets
Based on the latest financial reports, Redwood Trust Inc. (RWTRP) has net assets worth $1.22 Billion USD as of September 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($18.43 Billion) and total liabilities ($17.20 Billion). 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 | $1.22 Billion |
| % of Total Assets | 6.64% |
| Annual Growth Rate | -9.93% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 25.42 |
Redwood Trust Inc. - Net Assets Trend (2019–2023)
This chart illustrates how Redwood Trust 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 Redwood Trust Inc. (2019–2023)
The table below shows the annual net assets of Redwood Trust Inc. from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $1.20 Billion | +10.95% |
| 2022-12-31 | $1.08 Billion | -21.80% |
| 2021-12-31 | $1.39 Billion | +24.77% |
| 2020-12-31 | $1.11 Billion | -39.20% |
| 2019-12-31 | $1.83 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Redwood Trust 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 grown by 162945500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.14 Billion | 95.15% |
| Other Components | $58.28 Million | 4.85% |
| Total Equity | $1.20 Billion | 100.00% |
Redwood Trust Inc. Competitors by Market Cap
The table below lists competitors of Redwood Trust Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Angang Steel Co Ltd Class A
SHE:000898
|
$2.75 Billion |
|
Ballarpur Industries Limited
NSE:BALLARPUR
|
$2.75 Billion |
|
Almacenes Éxito S.A.
SA:EXCO32
|
$2.75 Billion |
|
Vidrala SA
MC:VID
|
$2.75 Billion |
|
Zhonghang Electronic Measuring Instruments Co Ltd
SHE:300114
|
$2.74 Billion |
|
iOCO Limited
JSE:IOC
|
$2.74 Billion |
|
Bucher Industries AG
OTCGREY:BCHHF
|
$2.74 Billion |
|
INVENTURUS KNOWLEDGE SO L
NSE:IKS
|
$2.74 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Redwood Trust Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,083,985,000 to 1,202,693,000, a change of 118,708,000 (11.0%).
- Net loss of 2,274,000 reduced equity.
- Dividend payments of 93,575,000 reduced retained earnings.
- New share issuances of 191,422,000 increased equity.
- Other factors increased equity by 23,135,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.27 Million | -0.19% |
| Dividends Paid | $93.58 Million | -7.78% |
| Share Issuances | $191.42 Million | +15.92% |
| Other Changes | $23.14 Million | +1.92% |
| Total Change | $- | 10.95% |
Book Value vs Market Value Analysis
This analysis compares Redwood Trust 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: 2.68x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.53x to 2.68x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $15.98 | $24.51 | x |
| 2020-12-31 | $9.91 | $24.51 | x |
| 2021-12-31 | $12.06 | $24.51 | x |
| 2022-12-31 | $9.55 | $24.51 | x |
| 2023-12-31 | $9.15 | $24.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Redwood Trust 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): -0.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.55%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 12.06x
- Recent ROE (-0.19%) is above the historical average (-7.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 9.25% | 54.87% | 0.02x | 9.85x | $-13.70 Million |
| 2020 | -52.38% | 0.00% | -0.04x | 9.32x | $-692.94 Million |
| 2021 | 23.06% | 61.46% | 0.04x | 10.61x | $181.00 Million |
| 2022 | -15.09% | 0.00% | 0.00x | 12.02x | $-271.92 Million |
| 2023 | -0.19% | -1.55% | 0.01x | 12.06x | $-122.54 Million |
Industry Comparison
This section compares Redwood Trust Inc.'s net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Redwood Trust Inc. (RWTRP) | $1.22 Billion | 9.25% | 14.07x | $2.75 Billion |
| Abcam plc (ABCZF) | $18.89 Million | 21.50% | 0.21x | $5.00 Billion |
| Able View Global Inc. Warrant (ABLVW) | $11.42 Million | 85.41% | 3.81x | $1.98 |
| Above Food Ingredients Inc. Warrants (ABVEW) | $29.11 Million | -156.27% | 0.05x | $20.61 |
| ADS-TEC ENERGY PLC Warrant (ADSEW) | $80.75 Million | -23.42% | 0.73x | $49.95 |
| AltEnergy Acquisition Corp. Warrant (AEAEW) | $-12.44 Million | 0.00% | 0.00x | $7.50 |
| Alliance Entertainment Holding Corporation Warrants (AENTW) | $79.53 Million | -44.51% | 3.90x | $64.20 |
| Forafric Global PLC Warrants (AFRIW) | $44.95 Million | -42.64% | 5.83x | $69.26 |
| Centurion Acquisition Corp. Warrant (ALFUW) | $294.59 Million | 3.19% | 0.05x | $19.22 |
| Alliance Trust PLC (ALITF) | $2.89 Billion | 15.83% | 0.14x | $117.58K |
| Alvotech Warrant (ALVOW) | $-564.42 Million | 0.00% | 0.00x | $29.00 |
About Redwood Trust Inc.
Redwood Trust, Inc., together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through three segments: Residential Mortgage Banking, Business Purpose Mortgage Banking, and Investment Portfolio. The Residential Mortgage Banking segment operates a mortgage loan conduit that acquires residential loans from third-party originators for subsequen… Read more