ConnectM Technology Solutions, Inc. (CNTM) - Net Assets
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. Check tangible net worth ratio of ConnectM Technology Solutions, Inc. to evaluate the tangible quality of the company's equity base.
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. See CNTM defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
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. For live valuation and market cap data, see ConnectM Technology Solutions, Inc. (CNTM) total market value.
| 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 |
|---|---|
|
Euro Trend Yatirim Ortakligi AS
IS:ETYAT
|
$5.51 Million |
|
Eminence Minerals Limited
AU:EMA
|
$5.51 Million |
|
Saehwa IMC Co Ltd
KO:145210
|
$5.51 Million |
|
Innovative Eyewear Inc.
NASDAQ:LUCY
|
$5.51 Million |
|
TOP Ships Inc.
NYSE MKT:TOPS
|
$5.50 Million |
|
Metal Hawk Ltd
AU:MHK
|
$5.50 Million |
|
Alfa Financial Software Holdings PLC
LSE:ALFA
|
$5.50 Million |
|
Cahaya Bintang Medan Tbk Pt
JK:CBMF
|
$5.49 Million |
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: $2,158,058,788
- Average return on equity (ROE) among peers: -0.38%
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 | $5.50 Million |
| Adobe Systems Incorporated (ADBE) | $14.11 Billion | 39.42% | 1.14x | $83.80 Billion |
| ADEIA CORP (ADEA) | $643.40 Million | -4.70% | 0.09x | $3.40 Billion |
| Automatic Data Processing Inc (ADP) | $1.49 Billion | 19.69% | 0.63x | $88.74 Billion |
| Autodesk Inc (ADSK) | $114.80 Million | 17.86% | 0.09x | $42.69 Billion |
| AudioEye Inc (AEYE) | $17.60 Million | -71.80% | 0.67x | $71.03 Million |
| Agilysys Inc (AGYS) | $123.47 Million | -3.05% | 0.50x | $2.01 Billion |
| BlockchAIn Digital Infrastructure, Inc (AIB) | $10.70 Million | 0.00% | 0.35x | $43.69 Million |
| Firefly Neuroscience, Inc. (AIFF) | $-2.11 Million | 0.00% | 0.00x | $21.04 Million |
| XIAO-I Corporation American Depositary Shares (AIXI) | $-15.77 Million | 0.00% | 0.00x | $8.14 Million |
| Alight Inc (ALIT) | $5.09 Billion | -1.22% | 1.21x | $322.29 Million |
About 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