SMART Global Holdings Inc
Penguin Solutions, Inc. engages in the designing and development of enterprise solutions worldwide. It operates through three segments: Advanced Computing, Integrated Memory, and Optimized LED. It offers dynamic random access memory modules, solid-state and flash storage, and other advanced integrated memory solutions for networking and telecom, data analytics, artificial intelligence and machine… Read more
SMART Global Holdings Inc (850) - Net Assets
Latest net assets as of May 2025: €594.92 Million EUR
Based on the latest financial reports, SMART Global Holdings Inc (850) has net assets worth €594.92 Million EUR as of May 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.80 Billion) and total liabilities (€1.21 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 | €594.92 Million |
| % of Total Assets | 33.0% |
| Annual Growth Rate | 25.28% |
| 5-Year Change | 41.51% |
| 10-Year Change | N/A |
| Growth Volatility | 49.92 |
SMART Global Holdings Inc - Net Assets Trend (2017–2024)
This chart illustrates how SMART Global Holdings 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 SMART Global Holdings Inc (2017–2024)
The table below shows the annual net assets of SMART Global Holdings Inc from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-08-31 | €399.21 Million | +74.15% |
| 2023-08-31 | €229.23 Million | -39.44% |
| 2022-08-31 | €378.55 Million | +18.69% |
| 2021-08-31 | €318.92 Million | +13.05% |
| 2020-08-31 | €282.10 Million | +3.16% |
| 2019-08-31 | €273.46 Million | +46.14% |
| 2018-08-31 | €187.13 Million | +127.11% |
| 2017-08-31 | €82.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SMART Global Holdings 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 3719400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (August 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €29.98 Million | 7.66% |
| Other Components | €361.40 Million | 92.34% |
| Total Equity | €391.38 Million | 100.00% |
SMART Global Holdings Inc Competitors by Market Cap
The table below lists competitors of SMART Global Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Jinqiao Export Processing Zone Development Co Ltd A
SHG:600639
|
$850.48 Million |
|
POET Technologies Inc
NASDAQ:POET
|
$850.60 Million |
|
Sichuan Haite High-tech Co Ltd
SHE:002023
|
$850.82 Million |
|
Hunan Yujing Machinery Co Ltd Class A
SHE:002943
|
$851.24 Million |
|
Shanghai GenTech Co Ltd
SHG:688596
|
$850.11 Million |
|
Yutong Optical
SHE:300790
|
$850.06 Million |
|
Chengzhi Shareholding Co Ltd
SHE:000990
|
$850.04 Million |
|
OC Oerlikon Corporation AG
OTCGREY:OERLF
|
$849.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SMART Global Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 222,475,000 to 391,381,000, a change of 168,906,000 (75.9%).
- Net loss of 52,472,000 reduced equity.
- Share repurchases of 21,309,000 reduced equity.
- New share issuances of 9,809,000 increased equity.
- Other factors increased equity by 232,878,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-52.47 Million | -13.41% |
| Share Repurchases | €21.31 Million | -5.44% |
| Share Issuances | €9.81 Million | +2.51% |
| Other Changes | €232.88 Million | +59.5% |
| Total Change | €- | 75.92% |
Book Value vs Market Value Analysis
This analysis compares SMART Global Holdings 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: 2.31x
- 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 4.47x to 2.31x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-08-31 | €3.80 | €17.00 | x |
| 2018-08-31 | €8.32 | €17.00 | x |
| 2019-08-31 | €11.58 | €17.00 | x |
| 2020-08-31 | €11.55 | €17.00 | x |
| 2021-08-31 | €12.79 | €17.00 | x |
| 2022-08-31 | €7.43 | €17.00 | x |
| 2023-08-31 | €4.29 | €17.00 | x |
| 2024-08-31 | €7.35 | €17.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SMART Global Holdings 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): -13.41%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.48%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 3.77x
- Recent ROE (-13.41%) is below the historical average (-0.02%), 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 | -9.46% | -1.02% | 1.59x | 5.83x | €-16.03 Million |
| 2018 | 63.84% | 9.27% | 1.92x | 3.60x | €100.75 Million |
| 2019 | 18.77% | 4.24% | 1.72x | 2.57x | €23.99 Million |
| 2020 | -0.41% | -0.10% | 1.43x | 2.79x | €-29.35 Million |
| 2021 | 6.87% | 1.42% | 1.12x | 4.33x | €-9.72 Million |
| 2022 | 17.91% | 3.66% | 1.16x | 4.23x | €29.40 Million |
| 2023 | -84.29% | -13.01% | 0.96x | 6.77x | €-209.77 Million |
| 2024 | -13.41% | -4.48% | 0.79x | 3.77x | €-91.61 Million |
Industry Comparison
This section compares SMART Global Holdings Inc's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $22,365,848,271
- Average return on equity (ROE) among peers: -14.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SMART Global Holdings Inc (850) | €594.92 Million | -9.46% | 2.03x | $850.45 Million |
| Econocom Group SE (1E91) | $456.80 Million | 13.97% | 4.48x | $113.55 Million |
| 21Vianet Group Inc (217A) | $6.51 Billion | -40.58% | 3.66x | $2.62 Billion |
| Wavestone SA (2WSA) | $571.39 Million | 10.19% | 0.71x | $366.72 Million |
| audius SE (3ITN) | $21.84 Million | 15.81% | 0.71x | $128.03K |
| NANOSPHERE (3NS) | $744.08K | -186.51% | 2.14x | $392.71K |
| TIS Inc (4HO) | $188.79 Billion | 5.44% | 0.83x | $3.65 Billion |
| Cybertrust Japan Co., Ltd. (5U2) | $4.87 Billion | 10.88% | 0.48x | $31.97 Million |
| Solidx AB (publ) (6OK) | $8.80 Million | 56.05% | 2.44x | $1.86 Million |
| 8AV0 (8AV0) | $57.49 Million | -12.58% | 0.11x | $20.10 Million |