Simclar Inc
Simclar, Inc., together with its subsidiaries, operates as a contract manufacturer of electronic and electro-mechanical products in the United States and Mexico. Its custom-designed products include complex printed circuit boards (PCBs), finished products, subassemblies, molded and nonmolded cable assemblies, wire harnesses, injection molded, and electronic assembly products. The PCBs produced by… Read more
Simclar Inc (SIMC) - Net Assets
Latest net assets as of September 2008: $17.00 Million USD
Based on the latest financial reports, Simclar Inc (SIMC) has net assets worth $17.00 Million USD as of September 2008.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($55.90 Million) and total liabilities ($38.90 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 | $17.00 Million |
| % of Total Assets | 30.41% |
| Annual Growth Rate | N/A |
| 5-Year Change | 72.65% |
| 10-Year Change | 113.74% |
| Growth Volatility | 24.16 |
Simclar Inc - Net Assets Trend (1994–2007)
This chart illustrates how Simclar 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 Simclar Inc (1994–2007)
The table below shows the annual net assets of Simclar Inc from 1994 to 2007.
| Year | Net Assets | Change |
|---|---|---|
| 2007-12-31 | $20.31 Million | +13.30% |
| 2006-12-31 | $17.92 Million | +16.44% |
| 2005-12-31 | $15.39 Million | +9.01% |
| 2004-12-31 | $14.12 Million | +20.05% |
| 2003-12-31 | $11.76 Million | +13.40% |
| 2002-12-31 | $10.37 Million | +15.51% |
| 2001-12-31 | $8.98 Million | -22.47% |
| 2000-12-31 | $11.58 Million | +3.40% |
| 1999-12-31 | $11.20 Million | +17.89% |
| 1998-12-31 | $9.50 Million | 0.00% |
| 1997-12-31 | $9.50 Million | +82.69% |
| 1996-12-31 | $5.20 Million | +40.54% |
| 1995-12-31 | $3.70 Million | +511.11% |
| 1994-12-31 | $-900.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Simclar 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 1334795900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2007)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $8.75 Million | 43.08% |
| Common Stock | $64.65K | 0.32% |
| Other Comprehensive Income | $46.90K | 0.23% |
| Other Components | $11.45 Million | 56.37% |
| Total Equity | $20.31 Million | 100.00% |
Simclar Inc Competitors by Market Cap
The table below lists competitors of Simclar Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Miracle Entertainment Inc
PINK:MEMI
|
$0.94 |
|
Zahav Inc
OTCGREY:ZAHA
|
$0.94 |
|
Absolute Health and Fitness Inc
PINK:AHFI
|
$0.95 |
|
Eagle Ford Oil & Gas Corp
PINK:ECCE
|
$0.95 |
|
Vortex Brands Co
PINK:VTXB
|
$0.94 |
|
RadView Software Ltd
PINK:RDVWF
|
$0.94 |
|
Santaro Interactive Entertainment Company
PINK:STIE
|
$0.94 |
|
Smave Solutions Inc
OTCGREY:SMVS
|
$0.94 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Simclar Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2006 to 2007, total equity changed from 17,922,266 to 20,305,596, a change of 2,383,330 (13.3%).
- Net income of 2,362,227 contributed positively to equity growth.
- Other comprehensive income increased equity by 21,103.
Equity Change Factors (2006 to 2007)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.36 Million | +11.63% |
| Other Comprehensive Income | $21.10K | +0.1% |
| Total Change | $- | 13.30% |
Book Value vs Market Value Analysis
This analysis compares Simclar 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 |
|---|---|---|---|
| 1994-12-31 | $-0.31 | $0.00 | x |
| 1995-12-31 | $0.77 | $0.00 | x |
| 1996-12-31 | $1.04 | $0.00 | x |
| 1997-12-31 | $1.63 | $0.00 | x |
| 1998-12-31 | $1.54 | $0.00 | x |
| 1999-12-31 | $1.87 | $0.00 | x |
| 2000-12-31 | $1.84 | $0.00 | x |
| 2001-12-31 | $1.38 | $0.00 | x |
| 2002-12-31 | $1.55 | $0.00 | x |
| 2003-12-31 | $1.80 | $0.00 | x |
| 2004-12-31 | $2.17 | $0.00 | x |
| 2005-12-31 | $2.44 | $0.00 | x |
| 2006-12-31 | $2.75 | $0.00 | x |
| 2007-12-31 | $3.14 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Simclar 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): 11.63%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.73%
- • Asset Turnover: 2.06x
- • Equity Multiplier: 3.26x
- Recent ROE (11.63%) is above the historical average (8.80%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 0.00% | 3.41% | 2.36x | 0.00x | $790.00K |
| 1995 | 35.14% | 4.28% | 2.36x | 3.49x | $930.00K |
| 1996 | 13.46% | 2.90% | 1.83x | 2.54x | $180.00K |
| 1997 | 14.74% | 4.24% | 1.34x | 2.59x | $450.00K |
| 1998 | 8.42% | 1.79% | 1.88x | 2.51x | $-150.00K |
| 1999 | 2.68% | 0.62% | 1.80x | 2.39x | $-820.00K |
| 2000 | 4.88% | 1.07% | 1.89x | 2.41x | $-593.09K |
| 2001 | -31.25% | -7.62% | 1.74x | 2.36x | $-3.70 Million |
| 2002 | 13.40% | 4.13% | 1.52x | 2.14x | $352.96K |
| 2003 | 9.41% | 3.06% | 1.41x | 2.18x | $-69.78K |
| 2004 | 16.59% | 4.37% | 1.64x | 2.31x | $929.92K |
| 2005 | 8.13% | 2.04% | 1.62x | 2.45x | $-288.40K |
| 2006 | 15.97% | 2.47% | 1.82x | 3.56x | $1.07 Million |
| 2007 | 11.63% | 1.73% | 2.06x | 3.26x | $331.67K |
Industry Comparison
This section compares Simclar Inc's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $42,176,553,988
- Average return on equity (ROE) among peers: -5.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Simclar Inc (SIMC) | $17.00 Million | 0.00% | 2.29x | $0.94 |
| American Aires Inc (AAIRF) | $4.68 Million | -72.64% | 0.10x | $3.94 Million |
| Alpha Technologies Group Inc (AHAG) | $18.50 Million | 22.45% | 0.88x | $0.93 |
| Allient Inc. (ALNT) | $36.32 Million | 19.18% | 0.62x | $845.72 Million |
| alpha-En Corporation (ALPE) | $94.61K | -111.43% | 1.68x | $3.62K |
| Alps Electric Co Ltd (APELY) | $190.75 Billion | 5.84% | 1.24x | $2.39 Billion |
| Amphenol Corporation (APH) | $323.41 Million | 32.15% | 2.65x | $165.03 Billion |
| AT & S Austria Technologie & Systemtechnik Aktiengesellschaft (ASAAF) | $226.29 Million | 18.25% | 1.19x | $344.33 Million |
| Audinate Group Limited (AUDGF) | $165.31 Million | -3.86% | 0.10x | $323.81 Million |
| AU Optronics Corp (AUOTY) | $212.82 Billion | 15.21% | 1.02x | $3.80 Billion |
| AVMPF (AVMPF) | $17.42 Billion | 23.89% | 2.47x | $7.28 Billion |