Embrace Change Acquisition Corp Ordinary Shares (EMCG) - Net Assets
Based on the latest financial reports, Embrace Change Acquisition Corp Ordinary Shares (EMCG) has net assets worth $-6.18 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($27.50 Million) and total liabilities ($33.67 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 financial resilience of Embrace Change Acquisition Corp Ordinary to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-6.18 Million |
| % of Total Assets | -22.47% |
| Annual Growth Rate | 875.87% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 160646.86 |
Embrace Change Acquisition Corp Ordinary Shares - Net Assets Trend (2021–2024)
This chart illustrates how Embrace Change Acquisition Corp Ordinary Shares's net assets have evolved over time, based on quarterly financial data. Also explore EMCG current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Embrace Change Acquisition Corp Ordinary Shares (2021–2024)
The table below shows the annual net assets of Embrace Change Acquisition Corp Ordinary Shares from 2021 to 2024. For live valuation and market cap data, see market cap of Embrace Change Acquisition Corp Ordinary.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $20.26 Million | -61.12% |
| 2023-12-31 | $52.12 Million | -29.76% |
| 2022-12-31 | $74.20 Million | +340738.02% |
| 2021-12-31 | $21.77K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Embrace Change Acquisition Corp Ordinary Shares'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 582092300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $26.09 Million | 128.74% |
| Total Equity | $20.26 Million | 100.00% |
Embrace Change Acquisition Corp Ordinary Shares Competitors by Market Cap
The table below lists competitors of Embrace Change Acquisition Corp Ordinary Shares ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kwang Myung El
KO:017040
|
$26.65 Million |
|
Fun Yours Technology Co Ltd
TWO:6482
|
$26.66 Million |
|
Vulcan Minerals Inc.
V:VUL
|
$26.66 Million |
|
United Homes Group Inc.
NASDAQ:UHG
|
$26.66 Million |
|
PlumbFast Co. Ltd
KQ:035200
|
$26.64 Million |
|
Newtree Co.Ltd
KQ:270870
|
$26.64 Million |
|
OSK Ventures International Bhd
KLSE:0053
|
$26.63 Million |
|
Athira Pharma Inc
NASDAQ:ATHA
|
$26.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Embrace Change Acquisition Corp Ordinary Shares's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 52,116,956 to 20,263,286, a change of -31,853,670 (-61.1%).
- Net income of 1,443,000 contributed positively to equity growth.
- Share repurchases of 33,296,263 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.44 Million | +7.12% |
| Share Repurchases | $33.30 Million | -164.32% |
| Other Changes | $-407.00 | -0.0% |
| Total Change | $- | -61.12% |
Book Value vs Market Value Analysis
This analysis compares Embrace Change Acquisition Corp Ordinary Shares'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: 3.59x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 5078.02x to 3.59x 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 | $11.41 | x |
| 2022-12-31 | $15.15 | $11.41 | x |
| 2023-12-31 | $7.02 | $11.41 | x |
| 2024-12-31 | $3.18 | $11.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Embrace Change Acquisition Corp Ordinary Shares 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): 7.12%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.29x
- Recent ROE (7.12%) is above the historical average (4.11%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 0.55% | 0.00% | 0.00x | 1.04x | $-7.01 Million |
| 2023 | 4.65% | 0.00% | 0.00x | 1.08x | $-2.79 Million |
| 2024 | 7.12% | 0.00% | 0.00x | 1.29x | $-583.33K |
Industry Comparison
This section compares Embrace Change Acquisition Corp Ordinary Shares's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $224,857,490
- Average return on equity (ROE) among peers: 3.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Embrace Change Acquisition Corp Ordinary Shares (EMCG) | $-6.18 Million | 0.55% | N/A | $26.65 Million |
| Artius II Acquisition Inc. Class A Ordinary Shares (AACB) | $-60.27K | 0.00% | 0.00x | $230.18 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $265.09 Million |
| Ares Acquisition Corporation II (AACT) | $11.15K | -0.14% | 45.93x | $587.05 Million |
| AA Mission Acquisition Corp. (AAM) | $1.54 Billion | 21.89% | 4.12x | $409.92K |
| Altenergy Acquisition Corp (AEAE) | $214.04 Million | 5.44% | 0.10x | $72.25 Million |
| Activate Energy Acquisition Corp. Class A Ordinary Share (AEAQ) | $223.53 Million | 0.00% | 0.04x | $235.74 Million |
| Aimei Health Technology Co., Ltd Ordinary Share (AFJK) | $69.76 Million | 0.25% | 0.01x | $163.82 Million |
| Aifeex Nexus Acquisition Corporation (AIFE) | $86.16 Million | -0.10% | 0.01x | $91.13 Million |
| AI TRANSPORTATION ACQUISITION CORP Ordinary shares (AITR) | $-4.24K | 0.00% | 0.00x | $86.22 Million |
| Alchemy Investments Acquisition Corp 1 Class A Ordinary Shares (ALCY) | $115.20 Million | 2.86% | 0.05x | $49.57 Million |
About Embrace Change Acquisition Corp Ordinary Shares
Embrace Change Acquisition Corp. does not have significant operations. It intends to enter into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in San Diego, California.