MacroAsia Corp
MacroAsia Corp operates in Highways & Railtracks.
MacroAsia Corp (MAC) - Net Assets
Latest net assets as of June 2023: ₱5.73 Billion PHP
Based on the latest financial reports, MacroAsia Corp (MAC) has net assets worth ₱5.73 Billion PHP as of June 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₱11.74 Billion) and total liabilities (₱6.01 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 | ₱5.73 Billion |
| % of Total Assets | 48.82% |
| Annual Growth Rate | 7.68% |
| 5-Year Change | 6.09% |
| 10-Year Change | N/A |
| Growth Volatility | 18.05 |
MacroAsia Corp - Net Assets Trend (2016–2022)
This chart illustrates how MacroAsia Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for MacroAsia Corp (2016–2022)
The table below shows the annual net assets of MacroAsia Corp from 2016 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱5.55 Billion | +14.70% |
| 2021-12-31 | ₱4.84 Billion | +5.84% |
| 2020-12-31 | ₱4.57 Billion | -28.79% |
| 2019-12-31 | ₱6.42 Billion | +22.71% |
| 2018-12-31 | ₱5.24 Billion | +21.45% |
| 2017-12-31 | ₱4.31 Billion | +20.95% |
| 2016-12-31 | ₱3.56 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to MacroAsia Corp'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 69.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₱3.63 Billion | 65.35% |
| Common Stock | ₱1.93 Billion | 34.81% |
| Total Equity | ₱5.55 Billion | 100.00% |
MacroAsia Corp Competitors by Market Cap
The table below lists competitors of MacroAsia Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GOLIK HLDGS
BE:GOH
|
$727.03 |
|
Vexilla Viet Nam Group JSC
VN:SVN
|
$727.25 |
|
Ice Code Games S.A.
WAR:ICG
|
$727.79 |
|
Scholium Group Plc
LSE:SCHO
|
$728.08 |
|
Allied Healthcare Products Inc.
PINK:AHPIQ
|
$726.24 |
|
Burshane LPG (Pakistan) Ltd
KAR:BPL
|
$725.27 |
|
FANCAMP EXPLORATION
BE:3F9
|
$724.02 |
|
Amana Takaful PLC
CM:ATLN0000
|
$722.87 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MacroAsia Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 4,842,177,580 to 5,554,150,470, a change of 711,972,890 (14.7%).
- Net income of 446,084,260 contributed positively to equity growth.
- Other factors increased equity by 265,888,630.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱446.08 Million | +8.03% |
| Other Changes | ₱265.89 Million | +4.79% |
| Total Change | ₱- | 14.70% |
Book Value vs Market Value Analysis
This analysis compares MacroAsia Corp'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: 1.53x
- 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 2.42x to 1.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₱1.85 | ₱4.48 | x |
| 2017-12-31 | ₱2.25 | ₱4.48 | x |
| 2018-12-31 | ₱2.74 | ₱4.48 | x |
| 2019-12-31 | ₱3.39 | ₱4.48 | x |
| 2020-12-31 | ₱2.42 | ₱4.48 | x |
| 2021-12-31 | ₱2.56 | ₱4.48 | x |
| 2022-12-31 | ₱2.94 | ₱4.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MacroAsia Corp 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): 8.03%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.13%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 2.07x
- Recent ROE (8.03%) is above the historical average (6.50%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 10.91% | 16.66% | 0.49x | 1.33x | ₱32.55 Million |
| 2017 | 23.64% | 34.68% | 0.45x | 1.51x | ₱588.18 Million |
| 2018 | 20.08% | 30.68% | 0.36x | 1.83x | ₱527.71 Million |
| 2019 | 17.58% | 18.31% | 0.49x | 1.94x | ₱486.65 Million |
| 2020 | -34.70% | -70.31% | 0.22x | 2.27x | ₱-2.04 Billion |
| 2021 | -0.04% | -0.11% | 0.19x | 2.16x | ₱-486.38 Million |
| 2022 | 8.03% | 9.13% | 0.42x | 2.07x | ₱-109.33 Million |
Industry Comparison
This section compares MacroAsia Corp's net assets metrics with peer companies in the Transport Infrastructure industry.
Industry Context
- Industry: Transport Infrastructure
- Average net assets among peers: $5,615,649,330
- Average return on equity (ROE) among peers: 2.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MacroAsia Corp (MAC) | ₱5.73 Billion | 10.91% | 1.05x | $726.46 |
| Asian Terminals Inc (ATI) | $9.99 Billion | 19.00% | 0.99x | $4.87K |
| Harbor Star Shipping Services Inc (TUGS) | $1.24 Billion | -13.46% | 4.01x | $80.26 |