VEEMF
VEEM Ltd engages in designing, manufacturing, and selling of marine propulsion and stabilization systems in Australia. It offers gyrostabilizers; CNC machined monobloc propellers; and forever pipe, a piping solution for the processing industry. The company also provides conquest propellers, shaft lines, and marine ride control fins. In addition, it offers bespoke engineered products and services … Read more
VEEMF (VEEMF) - Net Assets
Latest net assets as of June 2024: $52.28 Million USD
Based on the latest financial reports, VEEMF (VEEMF) has net assets worth $52.28 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($93.97 Million) and total liabilities ($41.68 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 | $52.28 Million |
| % of Total Assets | 55.64% |
| Annual Growth Rate | 12.57% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 4.18 |
VEEMF - Net Assets Trend (2020–2024)
This chart illustrates how VEEMF's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for VEEMF (2020–2024)
The table below shows the annual net assets of VEEMF from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | $52.28 Million | +11.66% |
| 2023-06-30 | $46.82 Million | +7.38% |
| 2022-06-30 | $43.60 Million | +19.06% |
| 2021-06-30 | $36.62 Million | +12.47% |
| 2020-06-30 | $32.56 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to VEEMF'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 48.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $40.60 Million | 77.65% |
| Other Components | $11.68 Million | 22.35% |
| Total Equity | $52.28 Million | 100.00% |
VEEMF Competitors by Market Cap
The table below lists competitors of VEEMF ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
RF Acquisition Corp II Unit
NASDAQ:RFAIU
|
$57.11 Million |
|
51 CREDIT CARD DL-00001
F:2JY
|
$57.13 Million |
|
FIT INVEST JSC
VN:FIT
|
$57.13 Million |
|
Agronomics Limited
PINK:AGNMF
|
$57.14 Million |
|
Peak Minerals Ltd
AU:PUA
|
$57.07 Million |
|
AirBoss of America Corp
OTCQX:ABSSF
|
$57.06 Million |
|
Gwo Xi Stem Cell Applied Technology Co. , Ltd
TWO:6704
|
$57.05 Million |
|
Edda Wind ASA
OL:EWIND
|
$57.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in VEEMF's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 46,821,862 to 52,283,528, a change of 5,461,666 (11.7%).
- Net income of 6,985,816 contributed positively to equity growth.
- Dividend payments of 1,737,209 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $6.99 Million | +13.36% |
| Dividends Paid | $1.74 Million | -3.32% |
| Other Changes | $213.06K | +0.41% |
| Total Change | $- | 11.66% |
Book Value vs Market Value Analysis
This analysis compares VEEMF'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: 2.18x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.36x to 2.18x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-06-30 | $0.25 | $0.84 | x |
| 2021-06-30 | $0.28 | $0.84 | x |
| 2022-06-30 | $0.32 | $0.84 | x |
| 2023-06-30 | $0.34 | $0.84 | x |
| 2024-06-30 | $0.39 | $0.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently VEEMF 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): 13.36%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.68%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 1.80x
- Recent ROE (13.36%) is above the historical average (9.21%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 7.59% | 5.57% | 0.67x | 2.02x | $-786.02K |
| 2021 | 13.41% | 8.26% | 0.85x | 1.92x | $1.25 Million |
| 2022 | 2.90% | 2.34% | 0.67x | 1.86x | $-3.09 Million |
| 2023 | 8.78% | 6.91% | 0.65x | 1.95x | $-569.98K |
| 2024 | 13.36% | 8.68% | 0.86x | 1.80x | $1.76 Million |
Industry Comparison
This section compares VEEMF's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $246,248,196
- Average return on equity (ROE) among peers: -96.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| VEEMF (VEEMF) | $52.28 Million | 7.59% | 0.80x | $57.10 Million |
| Alabama Aircraft Industries Inc (AAIIQ) | $2.70 Million | 107.41% | 27.00x | $0.98 |
| AAC Clyde Space AB (ACCMF) | $466.10 Million | -8.70% | 0.17x | $49.09 Million |
| Archer Aviation Inc (ACHR) | $698.90 Million | -49.76% | 0.10x | $3.29 Billion |
| American Defense Systems Inc (ADFS) | $-9.76 Million | 0.00% | 0.00x | $4.85K |
| AAR Corp (AIR) | $301.68 Million | 1.16% | 1.35x | $4.16 Billion |
| Air Industries Group (AIRI) | $14.95 Million | -9.14% | 2.41x | $12.13 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $595.46 Million | -5.45% | 0.24x | $158.55 Million |
| Philly Shipyard ASA (AKRRF) | $5.83 Million | -1164.30% | 49.47x | $13.32 Million |
| ASI Aviation Inc (ASAV) | $6.88 | 150.58% | 2.47x | $2.48 Million |
| Astronics Corporation (ATRO) | $386.62 Million | 12.11% | 1.00x | $2.31 Billion |