Manitex Capital Inc (MNX) - Net Assets
Based on the latest financial reports, Manitex Capital Inc (MNX) has net assets worth CA$7.21 Million CAD (≈ $5.22 Million USD) as of July 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$8.49 Million ≈ $6.14 Million USD) and total liabilities (CA$1.28 Million ≈ $925.33K 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 Manitex Capital Inc (MNX) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$7.21 Million |
| % of Total Assets | 84.94% |
| Annual Growth Rate | 6.12% |
| 5-Year Change | -41.49% |
| 10-Year Change | -55.89% |
| Growth Volatility | 101.05 |
Manitex Capital Inc - Net Assets Trend (2013–2023)
This chart illustrates how Manitex Capital Inc's net assets have evolved over time, based on quarterly financial data. Also explore Manitex Capital Inc balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Manitex Capital Inc (2013–2023)
The table below shows the annual net assets of Manitex Capital Inc from 2013 to 2023. For live valuation and market cap data, see Manitex Capital Inc market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2023-10-31 | CA$9.24 Million ≈ $6.69 Million |
-0.36% |
| 2022-10-31 | CA$9.27 Million ≈ $6.71 Million |
-41.14% |
| 2021-10-31 | CA$15.76 Million ≈ $11.40 Million |
-19.91% |
| 2020-10-31 | CA$19.67 Million ≈ $14.23 Million |
+24.56% |
| 2019-10-31 | CA$15.80 Million ≈ $11.43 Million |
+95.88% |
| 2018-10-31 | CA$8.06 Million ≈ $5.83 Million |
-17.43% |
| 2017-10-31 | CA$9.77 Million ≈ $7.06 Million |
-22.95% |
| 2016-10-31 | CA$12.68 Million ≈ $9.17 Million |
-11.96% |
| 2015-10-31 | CA$14.40 Million ≈ $10.41 Million |
-31.28% |
| 2014-10-31 | CA$20.95 Million ≈ $15.15 Million |
+310.56% |
| 2013-10-31 | CA$5.10 Million ≈ $3.69 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Manitex Capital 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 345921700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (October 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$2.67 Million | 27.95% |
| Other Components | CA$6.87 Million | 72.05% |
| Total Equity | CA$9.54 Million | 100.00% |
Manitex Capital Inc Competitors by Market Cap
The table below lists competitors of Manitex Capital Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Longevity Health Holdings, Inc.
NASDAQ:XAGE
|
$688.14K |
|
Carespan Health Inc
V:CSPN
|
$688.89K |
|
Leju Holdings Limited
NYSE:LEJUY
|
$689.20K |
|
Baumart Holdings Ltd
AU:BMH
|
$691.89K |
|
Discovery-Corp Enterprises Inc.
V:DCY
|
$681.93K |
|
Yuilrobotics Co. Ltd.
KQ:388720
|
$681.34K |
|
Contagious Gaming Inc
V:CNS
|
$680.25K |
|
Bessor Minerals Inc
V:BST
|
$678.95K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Manitex Capital Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 9,570,290 to 9,536,747, a change of -33,543 (-0.4%).
- Net income of 256,986 contributed positively to equity growth.
- Other factors decreased equity by 290,529.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$256.99K | +2.69% |
| Other Changes | CA$-290.53K | -3.05% |
| Total Change | CA$- | -0.35% |
Book Value vs Market Value Analysis
This analysis compares Manitex Capital 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: 0.10x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-10-31 | CA$0.75 | CA$0.08 | x |
| 2018-10-31 | CA$0.58 | CA$0.08 | x |
| 2019-10-31 | CA$1.28 | CA$0.08 | x |
| 2020-10-31 | CA$1.59 | CA$0.08 | x |
| 2021-10-31 | CA$1.28 | CA$0.08 | x |
| 2022-10-31 | CA$0.76 | CA$0.08 | x |
| 2023-10-31 | CA$0.75 | CA$0.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Manitex Capital Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.69%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.11x
- Recent ROE (2.69%) is above the historical average (-0.44%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 4.78% | 3.14% | 0.73x | 2.08x | CA$-255.47K |
| 2014 | 54.93% | 92.67% | 0.24x | 2.43x | CA$4.90 Million |
| 2015 | -15.76% | -493.90% | 0.02x | 1.67x | CA$-2.41 Million |
| 2016 | 10.39% | 107.93% | 0.07x | 1.45x | CA$40.35K |
| 2017 | -10.12% | -74.65% | 0.08x | 1.62x | CA$-1.90 Million |
| 2018 | -29.88% | -49.95% | 0.35x | 1.72x | CA$-2.92 Million |
| 2019 | 56.72% | 0.00% | 0.00x | 1.07x | CA$7.52 Million |
| 2020 | 19.47% | 0.00% | 0.00x | 1.06x | CA$1.89 Million |
| 2021 | -24.60% | 0.00% | 0.00x | 1.06x | CA$-5.55 Million |
| 2022 | -73.42% | 0.00% | 0.00x | 1.06x | CA$-7.98 Million |
| 2023 | 2.69% | 0.00% | 0.00x | 1.11x | CA$-696.69K |
Industry Comparison
This section compares Manitex Capital Inc's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $4,660,220,876
- Average return on equity (ROE) among peers: 6.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Manitex Capital Inc (MNX) | CA$7.21 Million | 4.78% | 0.18x | $686.92K |
| Aberdeen International Inc. (AAB) | $28.78 Million | -45.51% | 0.06x | $3.49 Million |
| Base Carbon Inc. (BCBN) | $134.69 Million | 72.96% | 0.05x | $67.04 Million |
| Canadian Banc Corp (BK) | $109.79 Million | 24.98% | 0.77x | $525.03 Million |
| Brookfield Corporation (BN) | $39.05 Billion | 5.01% | 1.33x | $99.82 Billion |
| Sprott Physical Gold and Silver Trust (CEF) | $3.24 Billion | -22.98% | 0.00x | $9.12 Billion |
| Canadian General Investments Ltd (CGI) | $500.05 Million | 24.07% | 0.30x | $767.51 Million |
| CI Financial Corp (CIX) | $2.06 Billion | 24.28% | 1.21x | $3.32 Billion |
| Clairvest Group Inc. (CVG) | $399.46 Million | 9.71% | 0.19x | $752.38 Million |
| Cymbria Corporation (CYB) | $1.04 Billion | 2.10% | 0.03x | $987.87 Million |
| Dividend 15 Split Corp II (DF) | $46.10 Million | -33.02% | 3.05x | $151.03 Million |
About Manitex Capital Inc
Manitex Capital Inc. focuses on acquiring interests in life sciences, cleantech, and sustainable products/technologies companies. It also holds a portfolio of marketable securities. Manitex Capital Inc. is headquartered in Kirkland, Canada.