Genifi Inc.
genifi inc. provides Fintech solutions in Canada. It offers SaaS API platforms, such as IDVerifact, a digital identity solutions that can detect fraud, prove identity, and gather rich data attributes to assess risk; and tunl.chat, an artificial intelligence powered chat assistant. genifi inc. is based in Toronto, Canada.
Genifi Inc. (GNFI) - Net Assets
Latest net assets as of March 2024: CA$2.82 Million CAD
Based on the latest financial reports, Genifi Inc. (GNFI) has net assets worth CA$2.82 Million CAD as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$3.68 Million) and total liabilities (CA$857.87K). 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$2.82 Million |
| % of Total Assets | 76.69% |
| Annual Growth Rate | -6.47% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 77.66 |
Genifi Inc. - Net Assets Trend (2020–2023)
This chart illustrates how Genifi 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 Genifi Inc. (2020–2023)
The table below shows the annual net assets of Genifi Inc. from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | CA$2.98 Million | +9.64% |
| 2022-12-31 | CA$2.72 Million | -66.47% |
| 2021-12-31 | CA$8.12 Million | +122.56% |
| 2020-12-31 | CA$3.65 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Genifi 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 234.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$6.44 Million | 215.81% |
| Total Equity | CA$2.98 Million | 100.00% |
Genifi Inc. Competitors by Market Cap
The table below lists competitors of Genifi Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Avaron Mining Corp.
V:AVR
|
$364.62K |
|
Sunstock Inc
OTCQB:SSOK
|
$364.70K |
|
CATCo Reinsurance Opportunities Fund Ltd
LSE:CAT
|
$364.76K |
|
IMPERIAL BRANDS (ITB.SG)
STU:ITB
|
$365.23K |
|
ALL FOR ONE STEEB - Dusseldorf Stock Exchang
DU:A1OS
|
$363.22K |
|
Groupe Canal Plus
LSE:CAN
|
$362.69K |
|
RANGE RESOURCES
BE:RAX
|
$362.59K |
|
SPEAR INVEST.I B.V.EO-01
F:7IO
|
$362.52K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Genifi Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 2,721,768 to 2,984,236, a change of 262,468 (9.6%).
- Net income of 6,205,186 contributed positively to equity growth.
- Dividend payments of 5,930,656 reduced retained earnings.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$6.21 Million | +207.93% |
| Dividends Paid | CA$5.93 Million | -198.73% |
| Other Changes | CA$-12.06K | -0.4% |
| Total Change | CA$- | 9.64% |
Book Value vs Market Value Analysis
This analysis compares Genifi 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: 0.48x
- 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 0.32x to 0.48x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | CA$0.03 | CA$0.01 | x |
| 2021-12-31 | CA$0.06 | CA$0.01 | x |
| 2022-12-31 | CA$0.02 | CA$0.01 | x |
| 2023-12-31 | CA$0.02 | CA$0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Genifi 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): 207.93%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 308.75%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 1.23x
- Recent ROE (207.93%) is above the historical average (2.98%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 14.39% | 3.29% | 2.91x | 1.50x | CA$160.03K |
| 2021 | -10.74% | -134.73% | 0.06x | 1.26x | CA$-1.68 Million |
| 2022 | -199.67% | -313.54% | 0.38x | 1.70x | CA$-5.71 Million |
| 2023 | 207.93% | 308.75% | 0.55x | 1.23x | CA$5.91 Million |
Industry Comparison
This section compares Genifi 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: $8,604,969,762
- Average return on equity (ROE) among peers: -27.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Genifi Inc. (GNFI) | CA$2.82 Million | 14.39% | 0.30x | $364.23K |
| Datametrex AI Ltd (DM) | $194.26K | -18.42% | 0.04x | $1.58 Million |
| FI (FI) | $25.81 Billion | 13.48% | 2.10x | $2.33 Billion |
| Klimat X Developments Inc. (KLX) | $5.72 Million | -78.73% | 1.01x | $318.33K |