Silverstar Holdings Ltd
Silverstar Holdings Ltd., through its subsidiaries, publishes entertainment software worldwide. It publishes entertainment software for various game platforms, including Microsoft's Xbox 360 and Xbox platforms, Sony's PS2 and PSP platforms, Nintendo's Wii, and DS platforms, as well as personal computer, mobile, and other digital platforms. The company also develops wireless broadband solutions fo… Read more
Silverstar Holdings Ltd (SSTRF) - Net Assets
Latest net assets as of December 2008: $-2.75 Million USD
Based on the latest financial reports, Silverstar Holdings Ltd (SSTRF) has net assets worth $-2.75 Million USD as of December 2008.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($14.57 Million) and total liabilities ($17.32 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 | $-2.75 Million |
| % of Total Assets | -18.84% |
| Annual Growth Rate | -12.11% |
| 5-Year Change | -76.18% |
| 10-Year Change | -94.26% |
| Growth Volatility | 62.24 |
Silverstar Holdings Ltd - Net Assets Trend (1996–2008)
This chart illustrates how Silverstar Holdings Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Silverstar Holdings Ltd (1996–2008)
The table below shows the annual net assets of Silverstar Holdings Ltd from 1996 to 2008.
| Year | Net Assets | Change |
|---|---|---|
| 2008-06-30 | $2.72 Million | -77.11% |
| 2007-06-30 | $11.88 Million | +4.24% |
| 2006-06-30 | $11.40 Million | -7.23% |
| 2005-06-30 | $12.29 Million | +7.59% |
| 2004-06-30 | $11.42 Million | +13.94% |
| 2003-06-30 | $10.03 Million | -1.83% |
| 2002-06-30 | $10.21 Million | -24.79% |
| 2001-06-30 | $13.58 Million | -68.17% |
| 2000-06-30 | $42.66 Million | -10.01% |
| 1999-06-30 | $47.40 Million | +28.11% |
| 1998-06-30 | $37.00 Million | +1.37% |
| 1997-06-30 | $36.50 Million | +185.16% |
| 1996-06-30 | $12.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Silverstar Holdings Ltd'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 7738289500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2008)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $198.21K | 7.29% |
| Other Comprehensive Income | $500.72K | 18.41% |
| Other Components | $83.30 Million | 3062.10% |
| Total Equity | $2.72 Million | 100.00% |
Silverstar Holdings Ltd Competitors by Market Cap
The table below lists competitors of Silverstar Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China GengSheng Minerals Inc
PINK:CHGS
|
$0.98 |
|
MPM Technologies Inc
PINK:MPML
|
$0.98 |
|
ARIA Wireless Systems Inc
PINK:BTNY
|
$0.98 |
|
Next.e.GO N.V. Ordinary Shares
OTCMKTS:EGOX
|
$0.98 |
|
LOUD Technologies Inc
PINK:LTEC
|
$0.98 |
|
Hemagen Diagnostics Inc
PINK:HMGN
|
$0.98 |
|
RBC Life Sciences Inc
PINK:RBCL
|
$0.98 |
|
Beamz Interactive
PINK:BZIC
|
$0.98 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Silverstar Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2007 to 2008, total equity changed from 11,884,010 to 2,720,498, a change of -9,163,512 (-77.1%).
- Net loss of 24,485,917 reduced equity.
- Share repurchases of 10,568,782 reduced equity.
- Other comprehensive income decreased equity by 231,177.
- Other factors increased equity by 26,122,364.
Equity Change Factors (2007 to 2008)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-24.49 Million | -900.05% |
| Share Repurchases | $10.57 Million | -388.49% |
| Other Comprehensive Income | $-231.18K | -8.5% |
| Other Changes | $26.12 Million | +960.21% |
| Total Change | $- | -77.11% |
Book Value vs Market Value Analysis
This analysis compares Silverstar Holdings Ltd'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 |
|---|---|---|---|
| 1996-06-30 | $6.76 | $0.00 | x |
| 1997-06-30 | $4.22 | $0.00 | x |
| 1998-06-30 | $2.59 | $0.00 | x |
| 1999-06-30 | $1.43 | $0.00 | x |
| 2000-06-30 | $0.71 | $0.00 | x |
| 2001-06-30 | $1.49 | $0.00 | x |
| 2002-06-30 | $1.17 | $0.00 | x |
| 2003-06-30 | $0.95 | $0.00 | x |
| 2004-06-30 | $1.26 | $0.00 | x |
| 2005-06-30 | $1.34 | $0.00 | x |
| 2006-06-30 | $1.19 | $0.00 | x |
| 2007-06-30 | $1.22 | $0.00 | x |
| 2008-06-30 | $0.15 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Silverstar Holdings Ltd 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): -900.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -95.75%
- • Asset Turnover: 1.14x
- • Equity Multiplier: 8.24x
- Recent ROE (-900.05%) is below the historical average (-126.03%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | -44.53% | -38.26% | 0.63x | 1.84x | $-6.98 Million |
| 1997 | 28.88% | 15.99% | 0.65x | 2.77x | $4.38 Million |
| 1998 | 21.97% | 4.59% | 0.92x | 5.18x | $2.07 Million |
| 1999 | -60.53% | -10.81% | 0.83x | 6.77x | $-10.72 Million |
| 2000 | -568.97% | -3183867000.00% | 0.00x | 16.85x | $-32.40 Million |
| 2001 | -37.50% | -391.27% | 0.08x | 1.17x | $-6.45 Million |
| 2002 | -37.10% | -89.60% | 0.33x | 1.27x | $-4.81 Million |
| 2003 | 1.38% | 4.42% | 0.25x | 1.23x | $-863.81K |
| 2004 | 8.78% | 42.35% | 0.18x | 1.16x | $-139.60K |
| 2005 | 1.29% | 44.95% | 0.02x | 1.20x | $-1.07 Million |
| 2006 | -31.77% | -109.20% | 0.19x | 1.54x | $-4.76 Million |
| 2007 | -20.25% | -12.16% | 0.45x | 3.68x | $-3.60 Million |
| 2008 | -900.05% | -95.75% | 1.14x | 8.24x | $-24.76 Million |
Industry Comparison
This section compares Silverstar Holdings Ltd's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $679,817,884
- Average return on equity (ROE) among peers: -17.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Silverstar Holdings Ltd (SSTRF) | $-2.75 Million | -44.53% | N/A | $0.98 |
| Abaxx Technologies Inc (ABXXF) | $42.03 Million | -128.66% | 0.23x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $849.93K | -14.47% | 0.09x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $1.10 Billion | 24.20% | 0.41x | $103.05 Billion |
| Adcore Inc (ADCOF) | $1.19 Million | -17.83% | 0.01x | $3.03 Million |
| ADEIA CORP (ADEA) | $572.18 Million | 12.20% | 0.08x | $2.45 Billion |
| Automatic Data Processing Inc (ADP) | $5.32 Billion | 25.04% | 3.76x | $84.01 Billion |
| Autodesk Inc (ADSK) | $-256.00 Million | 0.00% | 0.00x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $-2.61 Million | 0.00% | 0.00x | $0.96 |
| AudioEye Inc (AEYE) | $17.60 Million | -71.80% | 0.67x | $49.81 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.93 |