MRC Allied Inc
MRC Allied Inc operates in Real Estate Development.
MRC Allied Inc (MRC) - Net Assets
Latest net assets as of June 2023: ₱1.24 Billion PHP
Based on the latest financial reports, MRC Allied Inc (MRC) has net assets worth ₱1.24 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 (₱2.70 Billion) and total liabilities (₱1.46 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 | ₱1.24 Billion |
| % of Total Assets | 45.79% |
| Annual Growth Rate | 7.23% |
| 5-Year Change | 156.47% |
| 10-Year Change | N/A |
| Growth Volatility | 142.78 |
MRC Allied Inc - Net Assets Trend (2014–2022)
This chart illustrates how MRC Allied 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 MRC Allied Inc (2014–2022)
The table below shows the annual net assets of MRC Allied Inc from 2014 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱1.25 Billion | +2.31% |
| 2021-12-31 | ₱1.22 Billion | +15.99% |
| 2020-12-31 | ₱1.05 Billion | +416.62% |
| 2019-12-31 | ₱203.22 Million | -58.16% |
| 2018-12-31 | ₱485.76 Million | -10.87% |
| 2017-12-31 | ₱545.01 Million | -10.02% |
| 2016-12-31 | ₱605.72 Million | -9.80% |
| 2015-12-31 | ₱671.52 Million | -5.77% |
| 2014-12-31 | ₱712.67 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MRC Allied 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 39457715000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₱394.58 Million | 31.67% |
| Common Stock | ₱851.27 Million | 68.33% |
| Total Equity | ₱1.25 Billion | 100.00% |
MRC Allied Inc Competitors by Market Cap
The table below lists competitors of MRC Allied Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
New Star Investment Trust plc
LSE:NSI
|
$149.30 |
|
Pacifica Inc
PSE:PA
|
$149.72 |
|
BLUE RIVER RES
BE:0BL
|
$149.78 |
|
EAGLE NICKEL
BE:4EA
|
$149.93 |
|
One Step Vending Corp
PINK:KOSK
|
$148.56 |
|
ADDvantage Technologies Group Inc
PINK:AEYGQ
|
$148.54 |
|
Bankers Investment Trust
LSE:BNKR
|
$148.50 |
|
Vaporbrands Intl Inc
PINK:VAPR
|
$148.27 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MRC Allied Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 1,217,690,980 to 1,245,843,050, a change of 28,152,070 (2.3%).
- Net income of 28,152,070 contributed positively to equity growth.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱28.15 Million | +2.26% |
| Total Change | ₱- | 2.31% |
Book Value vs Market Value Analysis
This analysis compares MRC Allied 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: 0.63x
- 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 2.59x to 0.63x 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 | ₱0.36 | ₱0.92 | x |
| 2017-12-31 | ₱0.32 | ₱0.92 | x |
| 2018-12-31 | ₱0.29 | ₱0.92 | x |
| 2019-12-31 | ₱0.12 | ₱0.92 | x |
| 2020-12-31 | ₱1.23 | ₱0.92 | x |
| 2021-12-31 | ₱1.43 | ₱0.92 | x |
| 2022-12-31 | ₱1.46 | ₱0.92 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MRC Allied 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): 2.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1232.28%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 2.17x
- Recent ROE (2.26%) is above the historical average (-10.45%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -6.13% | 0.00% | 0.00x | 1.58x | ₱-108.30 Million |
| 2016 | -10.86% | 0.00% | 0.00x | 1.79x | ₱-126.38 Million |
| 2017 | -12.05% | 0.00% | 0.00x | 2.46x | ₱-120.16 Million |
| 2018 | -12.20% | 0.00% | 0.00x | 2.75x | ₱-107.83 Million |
| 2019 | -139.03% | -94659.19% | 0.00x | 5.51x | ₱-302.86 Million |
| 2020 | 80.64% | 52832.86% | 0.00x | 2.28x | ₱741.66 Million |
| 2021 | 13.78% | 6782.91% | 0.00x | 2.15x | ₱46.06 Million |
| 2022 | 2.26% | 1232.28% | 0.00x | 2.17x | ₱-96.43 Million |
Industry Comparison
This section compares MRC Allied Inc's net assets metrics with peer companies in the Real Estate Operations industry.
Industry Context
- Industry: Real Estate Operations
- Average net assets among peers: $6,509,544,787
- Average return on equity (ROE) among peers: 13.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MRC Allied Inc (MRC) | ₱1.24 Billion | -6.13% | 1.18x | $149.21 |
| ArthaLand Corp (ALCO) | $5.24 Billion | 6.36% | 1.35x | $73.64 |
| ArthaLand Corp Preferred Series D (ALCPD) | $5.11 Billion | 16.44% | 0.97x | $81.17K |
| Anchor Land Holdings Inc (ALHI) | $9.19 Billion | 5.63% | 3.26x | $747.44 |
| Altus Property Ventures Inc (APVI) | $585.17 Million | 11.02% | 0.17x | $1.35K |
| ATN Holdings Inc B (ATNB) | $2.13 Billion | 14.46% | 0.47x | $72.65 |
| Belle Corp (BEL) | $26.47 Billion | 10.00% | 0.61x | $207.65 |
| A Brown Company Inc (BRN) | $5.97 Billion | 6.66% | 0.44x | $136.11 |
| Cityland Development Corp (CDC) | $6.74 Billion | 7.20% | 0.44x | $90.80 |
| Crown Equities Inc (CEI) | $2.14 Billion | 2.37% | 0.17x | $12.26 |
| Cebu Landmasters Inc (CLI) | $1.52 Billion | 51.08% | 2.34x | $380.70 |