Axis Auto Finance Inc
Axis Auto Finance Inc., a financial technology lender, provides alternative used vehicle financing to consumers. It operates through two segments: Automotive Lending and Equipment Financing. Its Automotive Lending segment originates and services loans and lease grants to help its customer to finance the purchase of motor vehicles. The company's Equipment Financing segment offers equipment financi… Read more
Axis Auto Finance Inc (AXIS) - Net Assets
Latest net assets as of September 2024: CA$3.08 Million CAD
Based on the latest financial reports, Axis Auto Finance Inc (AXIS) has net assets worth CA$3.08 Million CAD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$96.57 Million) and total liabilities (CA$93.49 Million). 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 | CA$3.08 Million |
| % of Total Assets | 3.19% |
| Annual Growth Rate | 14.97% |
| 5-Year Change | -96.09% |
| 10-Year Change | 707.87% |
| Growth Volatility | 408.34 |
Axis Auto Finance Inc - Net Assets Trend (2009–2024)
This chart illustrates how Axis Auto Finance 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 Axis Auto Finance Inc (2009–2024)
The table below shows the annual net assets of Axis Auto Finance Inc from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | CA$1.30 Million | -94.64% |
| 2023-06-30 | CA$24.21 Million | -51.00% |
| 2022-06-30 | CA$49.42 Million | +36.94% |
| 2021-06-30 | CA$36.09 Million | +8.75% |
| 2020-06-30 | CA$33.18 Million | -2.06% |
| 2019-06-30 | CA$33.88 Million | -16.85% |
| 2018-06-30 | CA$40.75 Million | +329.11% |
| 2017-06-30 | CA$9.50 Million | +245.31% |
| 2016-06-30 | CA$2.75 Million | +1612.64% |
| 2015-06-30 | CA$160.57K | -15.11% |
| 2014-06-30 | CA$189.16K | -14.22% |
| 2013-06-30 | CA$220.53K | -17.13% |
| 2012-06-30 | CA$266.11K | -15.57% |
| 2011-06-30 | CA$315.18K | -17.36% |
| 2010-06-30 | CA$381.40K | +138.27% |
| 2009-06-30 | CA$160.07K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Axis Auto Finance 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 decreased by 6192232000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$63.22 Million | 4873.39% |
| Total Equity | CA$1.30 Million | 100.00% |
Axis Auto Finance Inc Competitors by Market Cap
The table below lists competitors of Axis Auto Finance Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
INPEX - Dusseldorf Stock Exchang
DU:I8U
|
$223.47K |
|
DCVY34
SA:DCVY34
|
$223.50K |
|
STX Engine Co. Ltd.
KQ:077970
|
$223.60K |
|
Kemper Corporation 5.875% Fixed
NYSE:KMPB
|
$223.60K |
|
Tinybeans Group Limited
PINK:TNYYF
|
$223.12K |
|
STRATS SM Trust for Allstate Corp Securities Series 2006-3 IC
NYSE:GJT
|
$222.98K |
|
Badger Capital Corp
V:YVR-P
|
$222.80K |
|
Groupe Carnivor SA
PA:MLGRC
|
$222.70K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Axis Auto Finance Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 24,213,941 to 1,297,241, a change of -22,916,700 (-94.6%).
- Net loss of 23,160,892 reduced equity.
- Other comprehensive income decreased equity by 5,009,700.
- Other factors increased equity by 5,253,892.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-23.16 Million | -1785.4% |
| Other Comprehensive Income | CA$-5.01 Million | -386.18% |
| Other Changes | CA$5.25 Million | +405.01% |
| Total Change | CA$- | -94.64% |
Book Value vs Market Value Analysis
This analysis compares Axis Auto Finance 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: 0.47x
- 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 increased from 0.04x to 0.47x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-06-30 | CA$0.14 | CA$0.01 | x |
| 2011-06-30 | CA$0.13 | CA$0.01 | x |
| 2012-06-30 | CA$0.11 | CA$0.01 | x |
| 2013-06-30 | CA$0.09 | CA$0.01 | x |
| 2014-06-30 | CA$0.08 | CA$0.01 | x |
| 2015-06-30 | CA$0.06 | CA$0.01 | x |
| 2016-06-30 | CA$0.12 | CA$0.01 | x |
| 2017-06-30 | CA$0.19 | CA$0.01 | x |
| 2018-06-30 | CA$0.61 | CA$0.01 | x |
| 2019-06-30 | CA$0.35 | CA$0.01 | x |
| 2020-06-30 | CA$0.34 | CA$0.01 | x |
| 2021-06-30 | CA$0.37 | CA$0.01 | x |
| 2022-06-30 | CA$0.43 | CA$0.01 | x |
| 2023-06-30 | CA$0.20 | CA$0.01 | x |
| 2024-06-30 | CA$0.01 | CA$0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Axis Auto Finance Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1785.40%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -59.63%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 133.49x
- Recent ROE (-1785.40%) is below the historical average (-139.10%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | -13.42% | 0.00% | 0.00x | 1.02x | CA$-89.33K |
| 2011 | -21.01% | 0.00% | 0.00x | 1.04x | CA$-97.74K |
| 2012 | -18.44% | -1165.28% | 0.02x | 1.04x | CA$-75.68K |
| 2013 | -20.67% | -1672.73% | 0.01x | 1.02x | CA$-67.64K |
| 2014 | -16.58% | -1232.57% | 0.01x | 1.07x | CA$-50.29K |
| 2015 | -17.80% | -1767.97% | 0.01x | 1.06x | CA$-44.65K |
| 2016 | -63.63% | -48.84% | 0.19x | 6.93x | CA$-2.03 Million |
| 2017 | -8.39% | -11.65% | 0.28x | 2.55x | CA$-1.75 Million |
| 2018 | -9.09% | -23.43% | 0.10x | 3.97x | CA$-7.78 Million |
| 2019 | -11.41% | -12.11% | 0.21x | 4.48x | CA$-7.25 Million |
| 2020 | -2.03% | -1.81% | 0.24x | 4.64x | CA$-3.99 Million |
| 2021 | 6.43% | 6.05% | 0.25x | 4.32x | CA$-1.29 Million |
| 2022 | 3.00% | 3.70% | 0.21x | 3.78x | CA$-3.46 Million |
| 2023 | -108.13% | -64.50% | 0.19x | 9.03x | CA$-28.60 Million |
| 2024 | -1785.40% | -59.63% | 0.22x | 133.49x | CA$-23.29 Million |
Industry Comparison
This section compares Axis Auto Finance Inc's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $-8,582,076
- Average return on equity (ROE) among peers: -52.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Axis Auto Finance Inc (AXIS) | CA$3.08 Million | -13.42% | 30.40x | $223.46K |
| Everyday People Financial Corp. (EPF) | $6.32 Million | -104.91% | 9.12x | $27.31 Million |
| Mint Corp (MIT) | $-23.48 Million | 0.00% | 0.00x | $1.85 Million |