African Agriculture Holdings Inc
African Agriculture Holdings Inc., through its subsidiary Les Fermes de la Teranga SA, develops commercial farming business focusing on the production and sale of alfalfa for cattle feed and nutrition purposes in Africa. The company is based in New York, New York. African Agriculture Holdings Inc. is a subsidiary of Global Commodities & Investments Ltd.
African Agriculture Holdings Inc (AAGRW) - Net Assets
Latest net assets as of March 2024: $-24.36 Million USD
Based on the latest financial reports, African Agriculture Holdings Inc (AAGRW) has net assets worth $-24.36 Million USD as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($17.41 Million) and total liabilities ($41.77 Million). 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 | $-24.36 Million |
| % of Total Assets | -139.92% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
African Agriculture Holdings Inc - Net Assets Trend (2021–2023)
This chart illustrates how African Agriculture Holdings 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 African Agriculture Holdings Inc (2021–2023)
The table below shows the annual net assets of African Agriculture Holdings Inc from 2021 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $-22.58 Million | -502.79% |
| 2022-12-31 | $-3.75 Million | +72.85% |
| 2021-12-31 | $-13.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to African Agriculture Holdings 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 6931525400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $5.79K | % |
| Other Comprehensive Income | $-95.75K | % |
| Other Components | $61.13 Million | % |
| Total Equity | $-22.58 Million | 100.00% |
African Agriculture Holdings Inc Competitors by Market Cap
The table below lists competitors of African Agriculture Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HUNTSMAN (HTR.SG)
STU:HTR
|
$107.70K |
|
KURWITU VENTURES LTD
XNAI:KVL
|
$107.80K |
|
TRACON Pharmaceuticals Inc
OTCQB:TCON
|
$107.83K |
|
ODFJELL -A-
BE:O7F
|
$107.88K |
|
OIL STATES INTL (OI2.SG)
STU:OI2
|
$107.60K |
|
Pharmicell Co. Ltd.
KQ:005690
|
$107.55K |
|
MAJ DRILL GRP INTL
MU:3MJ
|
$107.55K |
|
SMRE11
SA:SMRE11
|
$107.50K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in African Agriculture Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -3,746,432 to -22,583,045, a change of -18,836,613.
- Net loss of 43,061,757 reduced equity.
- Other comprehensive income decreased equity by 36,458.
- Other factors increased equity by 24,261,602.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-43.06 Million | -190.68% |
| Other Comprehensive Income | $-36.46K | -0.16% |
| Other Changes | $24.26 Million | +107.43% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares African Agriculture Holdings 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 |
|---|---|---|---|
| 2021-12-31 | $-0.36 | $0.01 | x |
| 2022-12-31 | $-0.08 | $0.01 | x |
| 2023-12-31 | $-0.63 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently African Agriculture Holdings 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: -2369.45%
- • Asset Turnover: 0.10x
- • 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 |
|---|---|---|---|---|---|
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.03 Million |
| 2022 | 0.00% | -3865.38% | 0.06x | 0.00x | $-25.88 Million |
| 2023 | 0.00% | -2369.45% | 0.10x | 0.00x | $-40.80 Million |
Industry Comparison
This section compares African Agriculture Holdings Inc's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $1,044,235,800
- Average return on equity (ROE) among peers: -66.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| African Agriculture Holdings Inc (AAGRW) | $-24.36 Million | 0.00% | N/A | $107.62K |
| Atlantic Sapphire ASA (AASZF) | $208.68 Million | -6.30% | 0.21x | $8.52 Million |
| Australian Agricultural Company Limited (AAYYY) | $705.25 Million | -5.49% | 0.90x | $654.00 Million |
| Archer-Daniels-Midland Company (ADM) | $6.33 Billion | 6.05% | 1.26x | $33.40 Billion |
| Anglo-Eastern Plantations Plc (AEPLF) | $394.61 Million | 2.48% | 0.23x | $166.40 Million |
| Forafric Global PLC Ordinary Shares (AFRI) | $5.32 Million | -457.58% | 45.29x | $31.97 Million |
| Adecoagro SA (AGRO) | $671.67 Million | 0.30% | 1.17x | $217.59 Million |
| Agroz Inc. Ordinary Shares (AGRZ) | $163.20K | -177.61% | 22.30x | $6.18 Million |
| Alico Inc (ALCO) | $165.37 Million | -5.72% | 1.53x | $224.58 Million |
| Astral Foods Limited (ALFDF) | $915.37 Million | 43.45% | 0.97x | $170.88 Million |