Merrymart Consumer Corp
Merrymart Consumer Corp operates in Other Specialty Retail.
Merrymart Consumer Corp (MM) - Net Assets
Latest net assets as of June 2023: ₱2.27 Billion PHP
Based on the latest financial reports, Merrymart Consumer Corp (MM) has net assets worth ₱2.27 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 (₱11.53 Billion) and total liabilities (₱9.26 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 | ₱2.27 Billion |
| % of Total Assets | 19.7% |
| Annual Growth Rate | 124.39% |
| 5-Year Change | 2709.03% |
| 10-Year Change | N/A |
| Growth Volatility | 651.76 |
Merrymart Consumer Corp - Net Assets Trend (2017–2022)
This chart illustrates how Merrymart Consumer 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 Merrymart Consumer Corp (2017–2022)
The table below shows the annual net assets of Merrymart Consumer Corp from 2017 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱2.25 Billion | +15.76% |
| 2021-12-31 | ₱1.95 Billion | +1.86% |
| 2020-12-31 | ₱1.91 Billion | +1665.85% |
| 2019-12-31 | ₱108.24 Million | +34.91% |
| 2018-12-31 | ₱80.23 Million | +102.43% |
| 2017-12-31 | ₱39.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Merrymart Consumer 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 1163.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₱485.02 Million | 21.52% |
| Common Stock | ₱379.75 Million | 16.85% |
| Other Components | ₱1.39 Billion | 61.63% |
| Total Equity | ₱2.25 Billion | 100.00% |
Merrymart Consumer Corp Competitors by Market Cap
The table below lists competitors of Merrymart Consumer Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NGG
WAR:NGG
|
$66.69 |
|
Waterfront Philippines Inc
PSE:WPI
|
$66.84 |
|
EMPIRE RES
BE:E3R
|
$67.13 |
|
SOLA
JK:SOLA
|
$67.29 |
|
Ladybug Resource Group Inc
PINK:LBRG
|
$66.09 |
|
ALUWORKS LTD.
GSE:ALW
|
$65.78 |
|
Northern Venture Trust
LSE:NVT
|
$65.66 |
|
MULTIPOLAR -A-
BE:MLQ2
|
$65.58 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Merrymart Consumer Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 1,947,037,830 to 2,253,805,260, a change of 306,767,430 (15.8%).
- Net income of 304,708,620 contributed positively to equity growth.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱304.71 Million | +13.52% |
| Other Changes | ₱2.06 Million | +0.09% |
| Total Change | ₱- | 15.76% |
Book Value vs Market Value Analysis
This analysis compares Merrymart Consumer 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: 1.35x
- 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 60.55x to 1.35x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ₱0.01 | ₱0.40 | x |
| 2018-12-31 | ₱0.01 | ₱0.40 | x |
| 2019-12-31 | ₱0.02 | ₱0.40 | x |
| 2020-12-31 | ₱0.25 | ₱0.40 | x |
| 2021-12-31 | ₱0.26 | ₱0.40 | x |
| 2022-12-31 | ₱0.30 | ₱0.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Merrymart Consumer 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): 13.52%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.72%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 3.74x
- Recent ROE (13.52%) is below the historical average (24.12%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 50.45% | 1.14% | 7.66x | 5.79x | ₱16.03 Million |
| 2018 | 50.60% | 1.92% | 6.34x | 4.16x | ₱32.57 Million |
| 2019 | 25.88% | 1.11% | 2.80x | 8.31x | ₱17.18 Million |
| 2020 | 2.52% | 1.39% | 1.00x | 1.82x | ₱-142.90 Million |
| 2021 | 1.76% | 0.87% | 0.61x | 3.33x | ₱-160.40 Million |
| 2022 | 13.52% | 4.72% | 0.77x | 3.74x | ₱79.33 Million |
Industry Comparison
This section compares Merrymart Consumer Corp's net assets metrics with peer companies in the Food & Drug Retailing industry.
Industry Context
- Industry: Food & Drug Retailing
- Average net assets among peers: $12,595,549,304
- Average return on equity (ROE) among peers: 6.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Merrymart Consumer Corp (MM) | ₱2.27 Billion | 50.45% | 4.08x | $66.57 |
| AllDay Marts Inc (ALLDY) | $6.37 Billion | 6.07% | 0.38x | $5.53 |
| Cosco Capital Inc (COSCO) | $50.33 Billion | 9.41% | 1.04x | $1.06K |
| Fruitas Holdings Inc (FRUIT) | $1.22 Billion | -1.34% | 0.34x | $113.91 |
| Keepers Holdings Inc (KEEPR) | $15.13 Million | -6.93% | 0.58x | $340.35 |
| Philippine Seven Corp (SEVN) | $5.04 Billion | 23.32% | 1.45x | $5.66K |