SmileDirectClub Inc.
SmileDirectClub, Inc., an oral care company, offers clear aligner therapy treatment. The company manages the end-to-end process, which include marketing, aligner manufacturing, fulfillment, treatment by a customer's dentist or orthodontist, and facilitating remote clinical monitoring through a network of orthodontists and general dentists through its proprietary teledentistry platform, SmileCheck… Read more
SmileDirectClub Inc. (SDCCQ) - Net Assets
Latest net assets as of June 2023: $-490.11 Million USD
Based on the latest financial reports, SmileDirectClub Inc. (SDCCQ) has net assets worth $-490.11 Million USD as of June 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($498.71 Million) and total liabilities ($988.82 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 | $-490.11 Million |
| % of Total Assets | -98.28% |
| Annual Growth Rate | N/A |
| 5-Year Change | -229.18% |
| 10-Year Change | N/A |
| Growth Volatility | 86.18 |
SmileDirectClub Inc. - Net Assets Trend (2017–2022)
This chart illustrates how SmileDirectClub 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 SmileDirectClub Inc. (2017–2022)
The table below shows the annual net assets of SmileDirectClub Inc. from 2017 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $-385.20 Million | -186.70% |
| 2021-12-31 | $-134.35 Million | -157.38% |
| 2020-12-31 | $234.14 Million | -48.91% |
| 2019-12-31 | $458.29 Million | +53.69% |
| 2018-12-31 | $298.20 Million | +980.83% |
| 2017-12-31 | $-33.85 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SmileDirectClub 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 34755600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $39.00K | 0.04% |
| Other Comprehensive Income | $430.00K | 0.39% |
| Other Components | $492.65 Million | 442.25% |
| Total Equity | $111.40 Million | 100.00% |
SmileDirectClub Inc. Competitors by Market Cap
The table below lists competitors of SmileDirectClub Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
0041B0
KQ:0041B0
|
$13.37K |
|
LAND3F
SA:LAND3F
|
$13.38K |
|
JHSF3F
SA:JHSF3F
|
$13.38K |
|
PROSTARM
NSE:PROSTARM
|
$13.39K |
|
Residential Secure Income plc
LSE:RESI
|
$13.34K |
|
Wam Global Ltd
AU:WGB
|
$13.31K |
|
Vietnam Engine and Agricultural Machinery Corporation Ltd Co
VN:VEA
|
$13.30K |
|
MHP Hotel AG
XETRA:CDZ0
|
$13.30K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SmileDirectClub Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 171,498,000 to 111,398,000, a change of -60,100,000 (-35.0%).
- Net loss of 86,404,000 reduced equity.
- Share repurchases of 2,599,000 reduced equity.
- New share issuances of 1,916,000 increased equity.
- Other comprehensive income decreased equity by 17,483,000.
- Other factors increased equity by 44,470,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-86.40 Million | -77.56% |
| Share Repurchases | $2.60 Million | -2.33% |
| Share Issuances | $1.92 Million | +1.72% |
| Other Comprehensive Income | $-17.48 Million | -15.69% |
| Other Changes | $44.47 Million | +39.92% |
| Total Change | $- | -35.04% |
Book Value vs Market Value Analysis
This analysis compares SmileDirectClub 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 |
|---|---|---|---|
| 2017-12-31 | $-0.33 | $0.00 | x |
| 2018-12-31 | $2.90 | $0.00 | x |
| 2019-12-31 | $0.87 | $0.00 | x |
| 2020-12-31 | $0.80 | $0.00 | x |
| 2021-12-31 | $0.44 | $0.00 | x |
| 2022-12-31 | $0.29 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SmileDirectClub 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): -77.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -18.35%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 5.36x
- Recent ROE (-77.56%) is below the historical average (-37.03%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.00% | -22.46% | 2.20x | 0.00x | $-29.39 Million |
| 2018 | -25.07% | -17.67% | 0.76x | 1.86x | $-104.59 Million |
| 2019 | -34.38% | -15.26% | 0.85x | 2.66x | $-147.82 Million |
| 2020 | -25.44% | -11.93% | 0.74x | 2.87x | $-109.17 Million |
| 2021 | -59.73% | -16.07% | 0.80x | 4.63x | $-119.59 Million |
| 2022 | -77.56% | -18.35% | 0.79x | 5.36x | $-97.54 Million |
Industry Comparison
This section compares SmileDirectClub Inc.'s net assets metrics with peer companies in the Medical Instruments & Supplies industry.
Industry Context
- Industry: Medical Instruments & Supplies
- Average net assets among peers: $2,683,526,542
- Average return on equity (ROE) among peers: -32.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SmileDirectClub Inc. (SDCCQ) | $-490.11 Million | 0.00% | N/A | $13.36K |
| ANGELALIGN TECHNOLOGY INC (AGLFF) | $480.24 Million | 2.52% | 0.41x | $405.57 Million |
| Akoya Biosciences Inc (AKYA) | $-30.16 Million | 0.00% | 0.00x | $16.24 Million |
| Alcon AG (ALC) | $19.68 Billion | 1.70% | 0.48x | $37.82 Billion |
| Align Technology Inc (ALGN) | $3.85 Billion | 10.94% | 0.61x | $11.75 Billion |
| AngioDynamics Inc (ANGO) | $355.71 Million | 3.06% | 0.15x | $354.40 Million |
| Ansell Limited (ANSLF) | $386.33 Million | -0.45% | 0.87x | $2.58 Billion |
| AptarGroup Inc (ATR) | $2.07 Billion | 11.57% | 1.03x | $8.27 Billion |
| AtriCure Inc (ATRC) | $72.60 Million | -15.79% | 0.54x | $1.42 Billion |
| Avinger Inc (AVGR) | $-35.69 Million | 0.00% | 0.00x | $1.26 Million |
| Anteris Technologies Global Corp. Common Stock (AVR) | $9.03 Million | -338.35% | 0.77x | $156.14 Million |