Simply Better Brands Corp (SBBC) - Net Assets
Based on the latest financial reports, Simply Better Brands Corp (SBBC) has net assets worth CA$7.07 Million CAD (≈ $5.12 Million USD) as of March 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$20.44 Million ≈ $14.78 Million USD) and total liabilities (CA$13.36 Million ≈ $9.67 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. Read Simply Better Brands Corp debt and liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$7.07 Million |
| % of Total Assets | 34.62% |
| Annual Growth Rate | -11.85% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 250.45 |
Simply Better Brands Corp - Net Assets Trend (2019–2024)
This chart illustrates how Simply Better Brands Corp's net assets have evolved over time, based on quarterly financial data. Also explore how large is Simply Better Brands Corp's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Simply Better Brands Corp (2019–2024)
The table below shows the annual net assets of Simply Better Brands Corp from 2019 to 2024. For live valuation and market cap data, see Simply Better Brands Corp market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$1.28 Million ≈ $926.61K |
+116.76% |
| 2023-12-31 | CA$-7.64 Million ≈ $-5.53 Million |
-168.58% |
| 2022-12-31 | CA$11.14 Million ≈ $8.06 Million |
+642.16% |
| 2021-12-31 | CA$-2.05 Million ≈ $-1.49 Million |
+85.01% |
| 2020-12-31 | CA$-13.71 Million ≈ $-9.92 Million |
-669.48% |
| 2019-12-31 | CA$2.41 Million ≈ $1.74 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Simply Better Brands 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 5511.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$66.94 Million | 4054.29% |
| Total Equity | CA$1.65 Million | 100.00% |
Simply Better Brands Corp Competitors by Market Cap
The table below lists competitors of Simply Better Brands Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cimbeton Hazirbeton ve Prefabrik Yapi Elemanlari Sanayi ve Ticaret AS
IS:CMBTN
|
$69.81 Million |
|
GS Holdings Corp
KO:078935
|
$69.83 Million |
|
NFC Indonesia PT Tbk
JK:NFCX
|
$69.87 Million |
|
Fire & Gas Detection Technologies Ltd
TA:FGAS
|
$69.89 Million |
|
Malee Group Public Company Limited
BK:MALEE
|
$69.74 Million |
|
PYRAMID TECHNOPLAST ORD (BSE)
NSE:PYRAMID
|
$69.74 Million |
|
Samsung Climat
KO:006660
|
$69.73 Million |
|
Actuate Therapeutics, Inc. Common stock
NASDAQ:ACTU
|
$69.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Simply Better Brands Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -3,626,709 to 1,650,974, a change of 5,277,683.
- Net loss of 377,013 reduced equity.
- New share issuances of 2,718,262 increased equity.
- Other factors increased equity by 2,936,434.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-377.01K | -22.84% |
| Share Issuances | CA$2.72 Million | +164.65% |
| Other Changes | CA$2.94 Million | +177.86% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares Simply Better Brands 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
- Current price-to-book ratio: 51.13x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 15.68x to 51.13x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CA$0.06 | CA$0.90 | x |
| 2020-12-31 | CA$-0.69 | CA$0.90 | x |
| 2021-12-31 | CA$-0.03 | CA$0.90 | x |
| 2022-12-31 | CA$0.30 | CA$0.90 | x |
| 2023-12-31 | CA$-0.05 | CA$0.90 | x |
| 2024-12-31 | CA$0.02 | CA$0.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Simply Better Brands 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): -22.84%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.83%
- • Asset Turnover: 1.76x
- • Equity Multiplier: 15.58x
- Recent ROE (-22.84%) is below the historical average (19.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 239.81% | 11.43% | 6.81x | 3.08x | CA$2.77 Million |
| 2020 | 0.00% | -15.98% | 1.14x | 0.00x | CA$-756.76K |
| 2021 | 0.00% | -82.07% | 0.72x | 0.00x | CA$-12.76 Million |
| 2022 | -98.06% | -18.88% | 1.79x | 2.91x | CA$-13.61 Million |
| 2023 | 0.00% | -90.60% | 1.37x | 0.00x | CA$-23.89 Million |
| 2024 | -22.84% | -0.83% | 1.76x | 15.58x | CA$-542.11K |
Industry Comparison
This section compares Simply Better Brands Corp's net assets metrics with peer companies in the Drug Manufacturers - Specialty & Generic industry.
Industry Context
- Industry: Drug Manufacturers - Specialty & Generic
- Average net assets among peers: $739,937,582
- Average return on equity (ROE) among peers: -40.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Simply Better Brands Corp (SBBC) | CA$7.07 Million | 239.81% | 1.89x | $69.78 Million |
| Aurora Cannabis Inc (ACB) | $601.87 Million | -11.52% | 0.39x | $193.63 Million |
| Amotiv Limited (AOV) | $915.11 Million | 1.59% | 0.43x | $553.67 Million |
| Aequus Pharmaceuticals Inc (AQS) | $-4.29 Million | 0.00% | 0.00x | $479.73K |
| Avicanna Inc (AVCN) | $841.07K | -309.08% | 1.52x | $13.17 Million |
| Avant Brands Inc (AVNT) | $-490.96K | 0.00% | 0.00x | $4.13 Million |
| Bausch Health Companies Inc (BHC) | $5.23 Billion | -16.55% | 4.34x | $2.06 Billion |
| CanadaBis Capital Inc (CANB) | $150.00K | 0.00% | 0.00x | $1.53 Million |
| Cannabist Company Holdings Inc (CBST) | $550.08 Million | -25.79% | 1.50x | $12.59 Million |
| Cipher Pharmaceuticals Inc (CPH) | $80.52 Million | 25.31% | 0.07x | $326.62 Million |
| Cardiol Therapeutics Inc Class A (CRDL) | $22.27 Million | -71.36% | 0.11x | $148.65 Million |
About Simply Better Brands Corp
TRUBAR Inc. operates as a consumer products company with diversified assets in the plant-based and wellness consumer product categories in Canada. The company offers protein and nutritious bars under the Tru and TRUBAR brands through online in the U.S. and Canada, as well as through retailers; and skin care products under the No BS brand. The company was formerly known as Simply Better Brands Cor… Read more