CubicFarm Systems Corp (CUB) - Net Assets
Based on the latest financial reports, CubicFarm Systems Corp (CUB) has net assets worth CA$-27.93 Million CAD (≈ $-20.20 Million USD) as of September 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$13.21 Million ≈ $9.56 Million USD) and total liabilities (CA$41.14 Million ≈ $29.76 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check CUB goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-27.93 Million |
| % of Total Assets | -211.37% |
| Annual Growth Rate | N/A |
| 5-Year Change | -269.18% |
| 10-Year Change | N/A |
| Growth Volatility | 165.55 |
CubicFarm Systems Corp - Net Assets Trend (2018–2024)
This chart illustrates how CubicFarm Systems Corp's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of CubicFarm Systems Corp to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for CubicFarm Systems Corp (2018–2024)
The table below shows the annual net assets of CubicFarm Systems Corp from 2018 to 2024. For live valuation and market cap data, see CUB stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | CA$-23.98 Million ≈ $-17.35 Million |
-140.56% |
| 2023-06-30 | CA$-9.97 Million ≈ $-7.21 Million |
-124.26% |
| 2022-06-30 | CA$41.09 Million ≈ $29.72 Million |
+185.66% |
| 2020-06-30 | CA$14.38 Million ≈ $10.41 Million |
+1.49% |
| 2019-06-30 | CA$14.17 Million ≈ $10.25 Million |
+306.24% |
| 2018-06-30 | CA$3.49 Million ≈ $2.52 Million |
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Equity Component Analysis
This analysis shows how different components contribute to CubicFarm Systems 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 decreased by 13402767900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$112.40 Million | % |
| Total Equity | CA$-23.98 Million | 100.00% |
CubicFarm Systems Corp Competitors by Market Cap
The table below lists competitors of CubicFarm Systems Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Real Estate Credit Investments Limited
LSE:RECI
|
$3.14 Million |
|
AFRICAN PIONEER PLC O.N.
F:9TI
|
$3.14 Million |
|
Richmond Minerals Inc
V:RMD
|
$3.14 Million |
|
Archon Minerals Ltd
V:ACS
|
$3.15 Million |
|
GLOBAL UAV TECHS
F:YAB
|
$3.14 Million |
|
Kmc Properties ASA
OL:KMCP
|
$3.14 Million |
|
Norden Crown Metals Corp
V:NOCR
|
$3.14 Million |
|
ACTEOS S.A
PA:EOS
|
$3.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CubicFarm Systems Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -9,968,078 to -23,978,733, a change of -14,010,655.
- Net loss of 16,451,719 reduced equity.
- New share issuances of 2,308,488 increased equity.
- Other factors increased equity by 132,576.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-16.45 Million | -68.61% |
| Share Issuances | CA$2.31 Million | +9.63% |
| Other Changes | CA$132.58K | +0.55% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares CubicFarm Systems 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-06-30 | CA$0.04 | CA$0.11 | x |
| 2019-06-30 | CA$0.17 | CA$0.11 | x |
| 2020-06-30 | CA$0.12 | CA$0.11 | x |
| 2022-06-30 | CA$2.31 | CA$0.11 | x |
| 2023-06-30 | CA$-0.48 | CA$0.11 | x |
| 2024-06-30 | CA$-0.91 | CA$0.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CubicFarm Systems Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -381.96%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-39.24%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -39.98% | 0.00% | 0.00x | 1.33x | CA$-1.74 Million |
| 2019 | -53.84% | -142.47% | 0.30x | 1.28x | CA$-9.05 Million |
| 2020 | -70.16% | -195.30% | 0.24x | 1.47x | CA$-11.53 Million |
| 2022 | -71.44% | -556.73% | 0.10x | 1.33x | CA$-33.47 Million |
| 2023 | 0.00% | -1660.44% | 0.15x | 0.00x | CA$-59.37 Million |
| 2024 | 0.00% | -381.96% | 0.32x | 0.00x | CA$-14.05 Million |
Industry Comparison
This section compares CubicFarm Systems Corp's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.
Industry Context
- Industry: Farm & Heavy Construction Machinery
- Average net assets among peers: $97,172,069
- Average return on equity (ROE) among peers: -21.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CubicFarm Systems Corp (CUB) | CA$-27.93 Million | -39.98% | N/A | $3.14 Million |
| Ag Growth International Inc (AFN) | $373.39 Million | 3.92% | 2.92x | $281.38 Million |
| GreenPower Motor Company Inc (GPV) | $299.68K | -19.61% | 0.09x | $12.78 Million |
| Tornado Global Hydrovacs Ltd (TGH) | $14.83 Million | -4.50% | 0.86x | $192.30 Million |
| Water Ways Technologies Inc (WWT) | $164.60K | -67.37% | 0.25x | $269.07K |
About CubicFarm Systems Corp
CubicFarm Systems Corp., a local chain agricultural technology company, provides automated on site commercial scale food and livestock feed technologies in Canada. It operates through two segments: Feed Division and Fresh Division. The company engages in the research, development, manufacture, and sale of hydroponic growing systems for fresh produce and livestock feed supply. It also offers cubic… Read more