Wavefront Technology Solutions Inc
Wavefront Technology Solutions Inc. develops fluid injection technologies for oil and gas well stimulation and improved/enhanced oil recovery in Canada. The company offers Powerwave process, an injection technology that improves the flow of fluids in geological materials, including sedimentary soils and fractured rock; and Primawave process, a method for aiding in-ground environmental remediation… Read more
Wavefront Technology Solutions Inc (WFTSF) - Net Assets
Latest net assets as of May 2022: $738.95K USD
Based on the latest financial reports, Wavefront Technology Solutions Inc (WFTSF) has net assets worth $738.95K USD as of May 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.17 Million) and total liabilities ($1.43 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 | $738.95K |
| % of Total Assets | 34.0% |
| Annual Growth Rate | -15.41% |
| 5-Year Change | -67.82% |
| 10-Year Change | -95.26% |
| Growth Volatility | 40.51 |
Wavefront Technology Solutions Inc - Net Assets Trend (2007–2021)
This chart illustrates how Wavefront Technology Solutions 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 Wavefront Technology Solutions Inc (2007–2021)
The table below shows the annual net assets of Wavefront Technology Solutions Inc from 2007 to 2021.
| Year | Net Assets | Change |
|---|---|---|
| 2021-08-31 | $1.34 Million | -49.85% |
| 2020-08-31 | $2.66 Million | -19.85% |
| 2019-08-31 | $3.32 Million | -10.14% |
| 2018-08-31 | $3.70 Million | -10.91% |
| 2017-08-31 | $4.15 Million | -45.01% |
| 2016-08-31 | $7.55 Million | -3.14% |
| 2015-08-31 | $7.79 Million | -53.53% |
| 2014-08-31 | $16.77 Million | -23.83% |
| 2013-08-31 | $22.01 Million | -21.81% |
| 2012-08-31 | $28.15 Million | -13.56% |
| 2011-08-31 | $32.57 Million | -2.87% |
| 2010-08-31 | $33.53 Million | +55.50% |
| 2009-08-31 | $21.56 Million | -24.45% |
| 2008-08-31 | $28.54 Million | +105.16% |
| 2007-08-31 | $13.91 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wavefront Technology Solutions 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 7646003400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (August 2021)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $67.30 Million | 5039.37% |
| Other Comprehensive Income | $565.37K | 42.33% |
| Other Components | $9.93 Million | 743.64% |
| Total Equity | $1.34 Million | 100.00% |
Wavefront Technology Solutions Inc Competitors by Market Cap
The table below lists competitors of Wavefront Technology Solutions Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Komo Plant Based Foods Inc
PINK:KOMOF
|
$9.01K |
|
KUNLUN ENERGY
MU:CTJ1
|
$9.02K |
|
CSED3F
SA:CSED3F
|
$9.02K |
|
72HN
LSE:72HN
|
$9.02K |
|
Lion Capital S.A.
RO:LION
|
$8.98K |
|
From Bio Co. Ltd.
KO:377220
|
$8.97K |
|
Pengana Private Equity Trust
AU:PE1
|
$8.96K |
|
Cognetivity Neurosciences Ltd
PINK:CGNSF
|
$8.96K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wavefront Technology Solutions Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2021, total equity changed from 2,662,745 to 1,335,467, a change of -1,327,278 (-49.8%).
- Net loss of 1,374,357 reduced equity.
- Other comprehensive income decreased equity by 1,786.
- Other factors increased equity by 48,865.
Equity Change Factors (2020 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.37 Million | -102.91% |
| Other Comprehensive Income | $-1.79K | -0.13% |
| Other Changes | $48.87K | +3.66% |
| Total Change | $- | -49.85% |
Book Value vs Market Value Analysis
This analysis compares Wavefront Technology Solutions 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: 0.01x
- 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 |
|---|---|---|---|
| 2015-08-31 | $0.00 | $0.00 | x |
| 2016-08-31 | $0.00 | $0.00 | x |
| 2017-08-31 | $0.05 | $0.00 | x |
| 2018-08-31 | $0.04 | $0.00 | x |
| 2019-08-31 | $0.04 | $0.00 | x |
| 2020-08-31 | $0.03 | $0.00 | x |
| 2021-08-31 | $0.02 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wavefront Technology Solutions 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): -102.91%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -85.59%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 1.81x
- Recent ROE (-102.91%) is below the historical average (-28.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 0.00% | 0.00% | 0.07x | 1.12x | $-1.39 Million |
| 2008 | 0.00% | 0.00% | 0.04x | 1.05x | $-2.85 Million |
| 2009 | 0.00% | 0.00% | 0.05x | 1.04x | $-2.16 Million |
| 2010 | 0.00% | 0.00% | 0.06x | 1.04x | $-3.35 Million |
| 2011 | 0.00% | 0.00% | 0.12x | 1.04x | $-3.26 Million |
| 2012 | 0.00% | 0.00% | 0.19x | 1.06x | $-2.82 Million |
| 2013 | 0.00% | 0.00% | 0.24x | 1.06x | $-2.20 Million |
| 2014 | -28.58% | -88.61% | 0.30x | 1.06x | $-6.47 Million |
| 2015 | -83.27% | -191.12% | 0.41x | 1.07x | $-7.27 Million |
| 2016 | -36.60% | -100.97% | 0.34x | 1.08x | $-3.52 Million |
| 2017 | -89.41% | -171.17% | 0.41x | 1.26x | $-4.13 Million |
| 2018 | -48.44% | -55.70% | 0.70x | 1.25x | $-2.16 Million |
| 2019 | -13.05% | -11.94% | 0.87x | 1.26x | $-765.70K |
| 2020 | -24.79% | -23.54% | 0.83x | 1.27x | $-926.46K |
| 2021 | -102.91% | -85.59% | 0.66x | 1.81x | $-1.51 Million |
Industry Comparison
This section compares Wavefront Technology Solutions Inc's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $2,886,529,899
- Average return on equity (ROE) among peers: -10.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wavefront Technology Solutions Inc (WFTSF) | $738.95K | 0.00% | 1.94x | $8.99K |
| ProFrac Holding Corp. (ACDC) | $1.33 Billion | -7.35% | 1.31x | $216.46 Million |
| Atlas Energy Solutions Inc. (AESI) | $338.70 Million | 1.26% | 0.61x | $1.29 Billion |
| Akastor ASA (AKKVF) | $4.32 Billion | -7.46% | 1.09x | $54.21 Million |
| Andatee China Marine Fuel Services (AMCF) | $59.95 Million | -1.69% | 3.89x | $0.96 |
| Archrock Inc (AROC) | $1.82 Billion | -30.24% | 1.91x | $6.07 Billion |
| Anton Oilfield Services Group (ATONY) | $2.69 Billion | 8.25% | 1.69x | $381.63 Million |
| Auri Inc (AURI) | $-2.36 Million | 0.00% | 0.00x | $1.86 |
| Baker Hughes Co (BKR) | $18.27 Billion | -54.42% | 1.08x | $56.68 Billion |
| Kbridge Energy Corp (BMMCF) | $-176.86K | 0.00% | 0.00x | $880.54 |
| Bri-Chem Corp (BRYFF) | $47.17 Million | -17.76% | 1.79x | $4.32 Million |