TGS Esports Inc (TGS) - Net Assets
Based on the latest financial reports, TGS Esports Inc (TGS) has net assets worth CA$-1.90 Million CAD (≈ $-1.37 Million USD) as of March 2022. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$1.79 Million ≈ $1.29 Million USD) and total liabilities (CA$3.69 Million ≈ $2.67 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read how much debt does TGS Esports Inc carry for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-1.90 Million |
| % of Total Assets | -106.15% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
TGS Esports Inc - Net Assets Trend (2020–2021)
This chart illustrates how TGS Esports Inc's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of TGS Esports Inc for the complete picture of this company's asset base.
Annual Net Assets for TGS Esports Inc (2020–2021)
The table below shows the annual net assets of TGS Esports Inc from 2020 to 2021. For live valuation and market cap data, see TGS Esports Inc stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2021-06-30 | CA$-272.01K ≈ $-196.77K |
+90.27% |
| 2020-06-30 | CA$-2.80 Million ≈ $-2.02 Million |
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Equity Component Analysis
This analysis shows how different components contribute to TGS Esports 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 1439778600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2021)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$17.84 Million | % |
| Other Components | CA$2.12 Million | % |
| Total Equity | CA$-272.01K | 100.00% |
TGS Esports Inc Competitors by Market Cap
The table below lists competitors of TGS Esports Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Questor Technology Inc.
V:QST
|
$6.03 Million |
|
Canstar Resources Inc
V:ROX
|
$6.03 Million |
|
AT Systematization Bhd
KLSE:0072
|
$6.03 Million |
|
Pipe Works L. Girakian Profil S.A.
AT:PROFK
|
$6.04 Million |
|
North Atlantic Smaller Companies Investment Trust PLC
LSE:NAS
|
$6.02 Million |
|
Beauce Gold Fields Inc
V:BGF
|
$6.02 Million |
|
INDUSTRIAL MINERALS LTD
F:9ED
|
$6.02 Million |
|
Duta Pertiwi Nusantara Tbk
JK:DPNS
|
$6.01 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TGS Esports Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2021, total equity changed from -2,795,482 to -272,012, a change of 2,523,470.
- Net loss of 14,397,786 reduced equity.
- New share issuances of 3,445,246 increased equity.
- Other factors increased equity by 13,476,010.
Equity Change Factors (2020 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-14.40 Million | -5293.07% |
| Share Issuances | CA$3.45 Million | +1266.58% |
| Other Changes | CA$13.48 Million | +4954.2% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares TGS Esports 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-06-30 | CA$-0.04 | CA$0.06 | x |
| 2021-06-30 | CA$0.00 | CA$0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TGS Esports Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5085.69%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (0.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | -2485.21% | 0.26x | 0.00x | CA$-4.32 Million |
| 2021 | 0.00% | -5085.69% | 0.12x | 0.00x | CA$-14.37 Million |
Industry Comparison
This section compares TGS Esports Inc's net assets metrics with peer companies in the Entertainment industry.
Industry Context
- Industry: Entertainment
- Average net assets among peers: $187,295,429
- Average return on equity (ROE) among peers: -148.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TGS Esports Inc (TGS) | CA$-1.90 Million | 0.00% | N/A | $6.03 Million |
| Boat Rocker Media Inc (BRMI) | $263.78 Million | -4.58% | 1.29x | $21.45 Million |
| Cineplex Inc. (CGX) | $382.91 Million | 2.64% | 0.26x | $495.83 Million |
| Corus Entertainment Inc (CJR-B) | $974.00 Million | 13.01% | 1.11x | $4.26 Million |
| ESE Entertainment Inc (ESE) | $2.23 Million | -1335.69% | 8.60x | $4.98 Million |
| Network Media Group Inc (NTE) | $10.56 Million | -3.04% | 0.88x | $686.30K |
| Overactive Media Corp (OAM) | $51.60 Million | -1.22% | 0.41x | $16.93 Million |
| Qyou Media Inc (QYOU) | $644.04K | -10.76% | 1.02x | $13.52 Million |
| Sparx Technology Inc (SPRX) | $-1.06 Million | 0.00% | 0.00x | $365.51K |
| Thunderbird Entertainment Group Inc (TBRD) | $984.47K | 2.08% | 0.41x | $56.05 Million |
About TGS Esports Inc
TGS Esports Inc. provides a community esports space to compete in tournaments and competitions. It also hosts regular online tournaments, as well as provides broadcast production for any event. The company is based in Richmond, Canada.