WealthNavi Inc
WealthNavi Inc. develops and delivers an online asset management and risk management platform. Its cloud-based platform provides robo advisory services that enable users to locate diversified investments internationally. WealthNavi Inc. has a business alliance agreement with the Chiba Bank, Ltd. to jointly offer an automated managed account service for the customers of the Chiba Bank. The company… Read more
WealthNavi Inc (WNAVF) - Net Assets
Latest net assets as of June 2024: $28.38 Billion USD
Based on the latest financial reports, WealthNavi Inc (WNAVF) has net assets worth $28.38 Billion USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($48.77 Billion) and total liabilities ($20.39 Billion). 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 | $28.38 Billion |
| % of Total Assets | 58.19% |
| Annual Growth Rate | 30.71% |
| 5-Year Change | 25017.47% |
| 10-Year Change | N/A |
| Growth Volatility | 5679.11 |
WealthNavi Inc - Net Assets Trend (2018–2023)
This chart illustrates how WealthNavi 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 WealthNavi Inc (2018–2023)
The table below shows the annual net assets of WealthNavi Inc from 2018 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $12.16 Billion | +10.72% |
| 2022-12-31 | $10.98 Billion | +9.39% |
| 2021-12-31 | $10.04 Billion | +45.12% |
| 2020-12-31 | $6.92 Billion | +14188.94% |
| 2019-12-31 | $48.41 Million | -98.48% |
| 2018-12-31 | $3.19 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to WealthNavi 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 166429800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $3.97 Billion | 32.62% |
| Other Comprehensive Income | $63.65 Million | 0.52% |
| Other Components | $8.96 Billion | 73.72% |
| Total Equity | $12.16 Billion | 100.00% |
WealthNavi Inc Competitors by Market Cap
The table below lists competitors of WealthNavi Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sellas Life Sciences Group Inc
NASDAQ:SLS
|
$611.31 Million |
|
GCM Grosvenor Inc
NASDAQ:GCMG
|
$611.56 Million |
|
Thungela Resources Limited
PINK:TNGRF
|
$611.86 Million |
|
CJ Korea Express
KO:000120
|
$611.91 Million |
|
Zhongtong Bus Holding Co Ltd
SHE:000957
|
$610.98 Million |
|
Hubei Zhongyi Science Technology Co. Ltd.
SHE:301150
|
$610.94 Million |
|
Yijiahe Technology Co Ltd
SHG:603666
|
$610.85 Million |
|
Beijing Utour International Travel Service Co Ltd
SHE:002707
|
$610.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in WealthNavi Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 10,980,571,000 to 12,158,212,000, a change of 1,177,641,000 (10.7%).
- Net income of 375,277,000 contributed positively to equity growth.
- New share issuances of 703,999,000 increased equity.
- Other comprehensive income decreased equity by 8,515,722,843.
- Other factors increased equity by 8,614,087,843.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $375.28 Million | +3.09% |
| Share Issuances | $704.00 Million | +5.79% |
| Other Comprehensive Income | $-8.52 Billion | -70.04% |
| Other Changes | $8.61 Billion | +70.85% |
| Total Change | $- | 10.72% |
Book Value vs Market Value Analysis
This analysis compares WealthNavi 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: 0.04x
- 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.
- The price-to-book ratio has decreased from 0.15x to 0.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $70.89 | $10.82 | x |
| 2019-12-31 | $1.08 | $10.82 | x |
| 2020-12-31 | $162.58 | $10.82 | x |
| 2021-12-31 | $219.89 | $10.82 | x |
| 2022-12-31 | $219.40 | $10.82 | x |
| 2023-12-31 | $243.16 | $10.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently WealthNavi 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): 3.09%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.59%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 2.65x
- Recent ROE (3.09%) is above the historical average (-17.82%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -54.02% | -195.40% | 0.12x | 2.38x | $-2.04 Billion |
| 2019 | -39.18% | -132.71% | 0.12x | 2.41x | $-23.80 Million |
| 2020 | -14.50% | -39.86% | 0.16x | 2.22x | $-1.69 Billion |
| 2021 | -4.94% | -10.66% | 0.17x | 2.73x | $-1.50 Billion |
| 2022 | 2.64% | 4.41% | 0.25x | 2.36x | $-808.37 Million |
| 2023 | 3.09% | 4.59% | 0.25x | 2.65x | $-840.54 Million |
Industry Comparison
This section compares WealthNavi Inc's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $310,488,743
- Average return on equity (ROE) among peers: -23.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| WealthNavi Inc (WNAVF) | $28.38 Billion | -54.02% | 0.72x | $611.03 Million |
| Aberdeen International Inc (AABVF) | $136.31 Million | 25.56% | 0.23x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $1.39 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.43 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $605.01 Million | 3.35% | 0.58x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $85.10 Million | -65.65% | 0.01x | $77.20K |
| AGF Management Limited (AGFMF) | $1.12 Billion | 10.14% | 3.56x | $298.43 Million |
| Agronomics Limited (AGNMF) | $100.03 Million | 1.02% | 0.02x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $6.11 Million | -266.31% | 0.76x | $2.71 Million |