ConnectM Technology Solutions, Inc.
ConnectM Technology Solutions, Inc., a clean technology company, provides a digital platform for the electrification and decarbonization needs of homeowners in the United States and India. It operates through Electrification, Decarbonization, OEM/EV, and Managed Services segments. The company offers residential and light commercial buildings, and all-electric original equipment manufacturers with… Read more
ConnectM Technology Solutions, Inc. (CNTM) - Net Assets
Latest net assets as of September 2024: $-27.03 Million USD
Based on the latest financial reports, ConnectM Technology Solutions, Inc. (CNTM) has net assets worth $-27.03 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($13.75 Million) and total liabilities ($40.77 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 | $-27.03 Million |
| % of Total Assets | -196.61% |
| Annual Growth Rate | 9803.08% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 838496.45 |
ConnectM Technology Solutions, Inc. - Net Assets Trend (2021–2023)
This chart illustrates how ConnectM Technology Solutions, 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 ConnectM Technology Solutions, Inc. (2021–2023)
The table below shows the annual net assets of ConnectM Technology Solutions, Inc. from 2021 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $49.81 Million | -41.89% |
| 2022-12-31 | $85.71 Million | +1676951.01% |
| 2021-12-31 | $5.11K | -- |
Equity Component Analysis
This analysis shows how different components contribute to ConnectM Technology Solutions, 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 2890400700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $78.73 Million | 158.07% |
| Total Equity | $49.81 Million | 100.00% |
ConnectM Technology Solutions, Inc. Competitors by Market Cap
The table below lists competitors of ConnectM Technology Solutions, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Inception Mining Inc
PINK:IMII
|
$320.76K |
|
MUTUIONLINE
BE:MNL
|
$320.83K |
|
APERAM REG. (7AA.SG)
STU:7AA
|
$320.87K |
|
TOKIO MARINE - Dusseldorf Stock Exchang
DU:MH6
|
$321.43K |
|
Indoor Harvest Corp
PINK:INQD
|
$320.57K |
|
MGM RESORTS ITL - Dusseldorf Stock Exchang
DU:MGG
|
$320.56K |
|
MITSUI ENGR & SHIP - Dusseldorf Stock Exchang
DU:MU1
|
$320.51K |
|
Onix Capital Tbk
JK:OCAP
|
$320.40K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ConnectM Technology Solutions, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 85,714,077 to 49,809,705, a change of -35,904,372 (-41.9%).
- Net loss of 14,943,203 reduced equity.
- Share repurchases of 20,961,169 reduced equity.
- Other comprehensive income decreased equity by 17,011.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-14.94 Million | -30.0% |
| Share Repurchases | $20.96 Million | -42.08% |
| Other Comprehensive Income | $-17.01K | -0.03% |
| Other Changes | $17.01K | +0.03% |
| Total Change | $- | -41.89% |
Book Value vs Market Value Analysis
This analysis compares ConnectM Technology Solutions, 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: 0.06x
- 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 decreased from 514.81x to 0.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $0.00 | $0.26 | x |
| 2022-12-31 | $7.37 | $0.26 | x |
| 2023-12-31 | $4.39 | $0.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ConnectM Technology Solutions, 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): -30.00%
- 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: 1.58x
- Recent ROE (-30.00%) is above the historical average (-141.18%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -389.14% | -0.46% | 12.96x | 65.48x | $-20.40K |
| 2022 | -4.39% | -24.37% | 0.16x | 1.10x | $-12.34 Million |
| 2023 | -30.00% | 0.00% | 0.00x | 1.58x | $-19.92 Million |
Industry Comparison
This section compares ConnectM Technology Solutions, Inc.'s net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,166,100,419
- Average return on equity (ROE) among peers: -60.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ConnectM Technology Solutions, Inc. (CNTM) | $-27.03 Million | -389.14% | N/A | $320.76K |
| Abaxx Technologies Inc (ABXXF) | $-1.66 Million | 0.00% | 0.00x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $494.24K | -556.36% | 1.94x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $4.65 Billion | 15.57% | 0.23x | $100.66 Billion |
| Adcore Inc (ADCOF) | $-3.18 | 0.00% | 0.00x | $3.03 Million |
| ADEIA CORP (ADEA) | $446.70 Million | -41.54% | 0.09x | $2.48 Billion |
| Automatic Data Processing Inc (ADP) | $6.01 Billion | 20.87% | 4.70x | $83.68 Billion |
| Autodesk Inc (ADSK) | $569.21 Million | 5.60% | 0.55x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $-23.08 Million | 0.00% | 0.00x | $0.98 |
| AudioEye Inc (AEYE) | $9.44 Million | -45.08% | 2.15x | $48.56 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.96 |