Starrex International Ltd
Starrex International Ltd. operates in the title industry in the United States. It offers title transfer services to property in a real estate transaction; and other services, including searching, abstracting, examining, closing, and insuring the title to the property. The company was formerly known as Starrex Mining Corporation Limited and changed its name to Starrex International Ltd. in May 20… Read more
Starrex International Ltd (STXMF) - Net Assets
Latest net assets as of March 2024: $2.44 Million USD
Based on the latest financial reports, Starrex International Ltd (STXMF) has net assets worth $2.44 Million USD as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($11.65 Million) and total liabilities ($9.22 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 | $2.44 Million |
| % of Total Assets | 20.9% |
| Annual Growth Rate | 0.06% |
| 5-Year Change | 348.65% |
| 10-Year Change | -10.31% |
| Growth Volatility | 78.65 |
Starrex International Ltd - Net Assets Trend (1996–2023)
This chart illustrates how Starrex International 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 Starrex International Ltd (1996–2023)
The table below shows the annual net assets of Starrex International Ltd from 1996 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $3.78 Million | -53.85% |
| 2022-12-31 | $8.19 Million | +136.14% |
| 2021-12-31 | $3.47 Million | +21.81% |
| 2020-12-31 | $2.85 Million | +238.00% |
| 2019-12-31 | $842.88K | -30.72% |
| 2018-12-31 | $1.22 Million | -33.40% |
| 2017-12-31 | $1.83 Million | -30.72% |
| 2016-12-31 | $2.64 Million | -22.63% |
| 2015-12-31 | $3.41 Million | -19.17% |
| 2014-12-31 | $4.22 Million | +214.65% |
| 2013-12-31 | $1.34 Million | +184.27% |
| 2012-12-31 | $471.36K | -14.99% |
| 2011-12-31 | $554.50K | -12.97% |
| 2010-12-31 | $637.11K | -5.63% |
| 2009-12-31 | $675.11K | +4.47% |
| 2008-12-31 | $646.22K | -36.75% |
| 2007-12-31 | $1.02 Million | +67.83% |
| 2006-12-31 | $608.79K | -6.55% |
| 2005-12-31 | $651.46K | -2.57% |
| 2004-12-31 | $668.62K | +2.23% |
| 2003-12-31 | $654.06K | +17.86% |
| 2002-12-31 | $554.95K | -9.42% |
| 2001-12-31 | $612.65K | -39.49% |
| 2000-12-31 | $1.01 Million | -13.74% |
| 1999-12-31 | $1.17 Million | +6.24% |
| 1998-12-31 | $1.10 Million | -65.63% |
| 1997-12-31 | $3.21 Million | -13.62% |
| 1996-12-31 | $3.72 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Starrex International 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 465.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $8.58 Million | 226.78% |
| Other Comprehensive Income | $-261.53K | -6.92% |
| Other Components | $1.07 Million | 28.41% |
| Total Equity | $3.78 Million | 100.00% |
Starrex International Ltd Competitors by Market Cap
The table below lists competitors of Starrex International Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pakistan National Shipping Corp
KAR:PNSC
|
$14.86K |
|
Acer Synergy Tech Corp.
TWO:6751
|
$14.86K |
|
CHP
WAR:CHP
|
$14.86K |
|
European Innovation Solutions S.A.
AT:EIS
|
$14.87K |
|
Speedy Hire PLC
LSE:SDY
|
$14.86K |
|
MGLU3F
SA:MGLU3F
|
$14.84K |
|
NantHealth Inc.
PINK:NHIQ
|
$14.83K |
|
ELSWEDY ELECTRIC
EGX:SWDY
|
$14.82K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Starrex International Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 8,194,614 to 3,781,581, a change of -4,413,033 (-53.9%).
- Net loss of 5,488,685 reduced equity.
- Other factors increased equity by 1,075,652.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-5.49 Million | -145.14% |
| Other Changes | $1.08 Million | +28.44% |
| Total Change | $- | -53.85% |
Book Value vs Market Value Analysis
This analysis compares Starrex International 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 |
|---|---|---|---|
| 1996-12-31 | $0.90 | $0.00 | x |
| 1997-12-31 | $0.66 | $0.00 | x |
| 1998-12-31 | $0.31 | $0.00 | x |
| 1999-12-31 | $0.34 | $0.00 | x |
| 2000-12-31 | $0.30 | $0.00 | x |
| 2001-12-31 | $0.18 | $0.00 | x |
| 2002-12-31 | $0.19 | $0.00 | x |
| 2003-12-31 | $0.19 | $0.00 | x |
| 2004-12-31 | $0.19 | $0.00 | x |
| 2005-12-31 | $0.19 | $0.00 | x |
| 2006-12-31 | $0.18 | $0.00 | x |
| 2007-12-31 | $0.30 | $0.00 | x |
| 2008-12-31 | $0.19 | $0.00 | x |
| 2009-12-31 | $0.20 | $0.00 | x |
| 2010-12-31 | $0.19 | $0.00 | x |
| 2011-12-31 | $0.16 | $0.00 | x |
| 2012-12-31 | $0.14 | $0.00 | x |
| 2013-12-31 | $0.36 | $0.00 | x |
| 2014-12-31 | $0.38 | $0.00 | x |
| 2015-12-31 | $0.24 | $0.00 | x |
| 2016-12-31 | $0.18 | $0.00 | x |
| 2017-12-31 | $0.13 | $0.00 | x |
| 2018-12-31 | $0.08 | $0.00 | x |
| 2019-12-31 | $0.06 | $0.00 | x |
| 2020-12-31 | $0.18 | $0.00 | x |
| 2021-12-31 | $0.22 | $0.00 | x |
| 2022-12-31 | $0.52 | $0.00 | x |
| 2023-12-31 | $0.23 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Starrex International 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): -145.14%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -55.54%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 3.44x
- Recent ROE (-145.14%) is below the historical average (-26.31%), 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 | -2.44% | -100.00% | 0.01x | 1.76x | $-372.15K |
| 1997 | -5.26% | -200.00% | 0.02x | 1.66x | $-405.31K |
| 1998 | -117.65% | -2000.03% | 0.03x | 2.29x | $-1.41 Million |
| 1999 | -2.57% | -27.94% | 0.04x | 2.41x | $-147.53K |
| 2000 | -14.46% | -117.20% | 0.04x | 2.77x | $-247.61K |
| 2001 | -55.67% | -786.15% | 0.05x | 1.29x | $-402.31K |
| 2002 | -106.25% | -3807.16% | 0.02x | 1.29x | $-645.15K |
| 2003 | -3.01% | -90.86% | 0.03x | 1.30x | $-85.06K |
| 2004 | -5.52% | -227.06% | 0.02x | 1.34x | $-103.79K |
| 2005 | -6.23% | -204.85% | 0.02x | 1.33x | $-105.76K |
| 2006 | -6.62% | -138.49% | 0.04x | 1.35x | $-101.20K |
| 2007 | -4.87% | -133.25% | 0.03x | 1.25x | $-151.94K |
| 2008 | 15.22% | 470.22% | 0.02x | 1.36x | $33.75K |
| 2009 | -11.99% | -2572.56% | 0.00x | 1.37x | $-148.46K |
| 2010 | -11.57% | -1617.70% | 0.01x | 1.42x | $-137.45K |
| 2011 | -12.55% | -1059.20% | 0.01x | 1.47x | $-125.06K |
| 2012 | -22.87% | -1805.39% | 0.01x | 1.69x | $-154.91K |
| 2013 | -10.23% | -1979.23% | 0.00x | 1.13x | $-271.12K |
| 2014 | -39.18% | -75.06% | 0.39x | 1.35x | $-2.07 Million |
| 2015 | -28.59% | -16.74% | 1.36x | 1.25x | $-1.32 Million |
| 2016 | -29.24% | -11.83% | 1.67x | 1.48x | $-1.03 Million |
| 2017 | -45.28% | -10.92% | 2.75x | 1.51x | $-1.01 Million |
| 2018 | -66.71% | -8.41% | 3.06x | 2.60x | $-933.25K |
| 2019 | -123.33% | -8.61% | 3.66x | 3.91x | $-1.12 Million |
| 2020 | 59.30% | 9.91% | 3.63x | 1.65x | $1.40 Million |
| 2021 | 15.40% | 9.95% | 0.94x | 1.64x | $187.54K |
| 2022 | 50.72% | 109.12% | 0.33x | 1.40x | $3.34 Million |
| 2023 | -145.14% | -55.54% | 0.76x | 3.44x | $-5.87 Million |
Industry Comparison
This section compares Starrex International Ltd's net assets metrics with peer companies in the Mortgage Finance industry.
Industry Context
- Industry: Mortgage Finance
- Average net assets among peers: $854,818,960
- Average return on equity (ROE) among peers: -13.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Starrex International Ltd (STXMF) | $2.44 Million | -2.44% | 3.78x | $14.86K |
| Atrium Mortgage Investment Corporation (AMIVF) | $482.21 Million | 10.68% | 0.82x | $339.62 Million |
| AVVAA World Health Care Products Inc (AVVH) | $-41.07K | 0.00% | 0.00x | $16.78 |
| Better Home & Finance Holding Company (BETR) | $15.42 Million | 64.09% | 22.39x | $351.94 Million |
| Eastside Distilling, Inc. (BLNE) | $1.58 Million | -256.44% | 0.29x | $50.97 Million |
| Dominion Lending Centres Inc (BRLGF) | $157.84 Million | -4.27% | 1.04x | $184.06 Million |
| CNFinance Holdings Ltd (CNF) | $6.11 Billion | 1.07% | 1.36x | $38.54 Million |
| Mr. Cooper Group Inc (COOP) | $882.60 Million | 10.81% | 9.17x | $13.29 Billion |
| Dominion Resources Black Warrior Trust (DOMR) | $11.00 Million | 38.58% | 0.01x | $0.99 |
| DVL Inc (DVLN) | $7.57 Million | 6.67% | 5.00x | $18.05 Million |
| ECN Capital Corp. (ECNNF) | $879.03 Million | -1.68% | 0.96x | $1.32 Billion |