CONX Corp (CONX) - Net Assets
Based on the latest financial reports, CONX Corp (CONX) has net assets worth $-15.69 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 ($22.54 Million) and total liabilities ($38.23 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 CONX goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-15.69 Million |
| % of Total Assets | -69.62% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 54.52 |
CONX Corp - Net Assets Trend (2020–2023)
This chart illustrates how CONX Corp's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of CONX Corp to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for CONX Corp (2020–2023)
The table below shows the annual net assets of CONX Corp from 2020 to 2023. For live valuation and market cap data, see CONX Corp (CONX) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $-18.06 Million | -134.41% |
| 2022-12-31 | $52.49 Million | -92.48% |
| 2021-12-31 | $698.21 Million | -3.64% |
| 2020-12-31 | $724.58 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to CONX 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 3987334500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $21.97 Million | % |
| Total Equity | $-18.06 Million | 100.00% |
CONX Corp Competitors by Market Cap
The table below lists competitors of CONX Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Avillion Bhd
KLSE:8885
|
$14.22 Million |
|
Weizmann Limited
NSE:WEIZMANIND
|
$14.23 Million |
|
JOY SPREADER GROUP INC.
F:5YN
|
$14.23 Million |
|
K Wave Media Ltd.
NASDAQ:KWM
|
$14.24 Million |
|
Grand Baoxin Auto Group Limited
F:6BA
|
$14.19 Million |
|
Energisme
PA:ALNRG
|
$14.18 Million |
|
Pensonic Holdings Bhd
KLSE:9997
|
$14.17 Million |
|
NSX Ltd
AU:NSX
|
$14.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CONX Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 52,489,423 to -18,063,524, a change of -70,552,947 (-134.4%).
- Net loss of 5,994,501 reduced equity.
- Share repurchases of 63,919,253 reduced equity.
- Other factors decreased equity by 639,193.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-5.99 Million | -33.19% |
| Share Repurchases | $63.92 Million | -353.86% |
| Other Changes | $-639.19K | -3.54% |
| Total Change | $- | -134.41% |
Book Value vs Market Value Analysis
This analysis compares CONX 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $7.73 | $6.70 | x |
| 2021-12-31 | $7.45 | $6.70 | x |
| 2022-12-31 | $0.63 | $6.70 | x |
| 2023-12-31 | $-0.76 | $6.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CONX 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): 0.00%
- 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: 0.00x
- Recent ROE (0.00%) is below the historical average (12.29%), 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 | 0.29% | 0.00% | 0.00x | 1.04x | $-70.34 Million |
| 2021 | 2.77% | 0.00% | 0.00x | 1.08x | $-50.46 Million |
| 2022 | 46.09% | 0.00% | 0.00x | 1.63x | $18.95 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-4.19 Million |
Industry Comparison
This section compares CONX Corp's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $173,103,317
- Average return on equity (ROE) among peers: 3.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CONX Corp (CONX) | $-15.69 Million | 0.29% | N/A | $14.21 Million |
| Artius II Acquisition Inc. (AACB) | $-60.27K | 0.00% | 0.00x | $232.84 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $268.87 Million |
| Ares Acquisition Corporation II (AACT) | $502.67 Million | 0.00% | 0.05x | $587.05 Million |
| AA Mission Acquisition Corp. (AAM) | $534.70 Million | 21.49% | 3.04x | $420.70K |
| Altenergy Acquisition Corp (AEAE) | $-12.44 Million | 0.00% | 0.00x | $72.22 Million |
| Activate Energy Acquisition Corp. Class A Ordinary Share (AEAQ) | $223.53 Million | 0.00% | 0.04x | $236.21 Million |
| American Exceptionalism Acquisition Corp. A (AEXA) | $328.45 Million | 0.00% | 0.06x | $390.09 Million |
| Aimei Health Technology Co., Ltd Ordinary Share (AFJK) | $8.04 Million | 13.18% | 0.51x | $107.66 Million |
| Aifeex Nexus Acquisition Corporation (AIFE) | $86.16 Million | -0.10% | 0.01x | $91.13 Million |
| AI TRANSPORTATION ACQUISITION CORP Ordinary shares (AITR) | $60.04 Million | -0.06% | 0.02x | $86.22 Million |
About CONX Corp
CONX Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets. The company was incorporated in 2020 and is based in Littleton, Colorado.