Evergreen Corporation Warrant
Evergreen Corporation is a blank check company. It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Kuala Lumpur, Malaysia.
Evergreen Corporation Warrant (EVGRW) - Net Assets
Latest net assets as of August 2024: $44.88 Million USD
Based on the latest financial reports, Evergreen Corporation Warrant (EVGRW) has net assets worth $44.88 Million USD as of August 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($54.59 Million) and total liabilities ($9.71 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 | $44.88 Million |
| % of Total Assets | 82.22% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Evergreen Corporation Warrant - Net Assets Trend (2021–2023)
This chart illustrates how Evergreen Corporation Warrant's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Evergreen Corporation Warrant (2021–2023)
The table below shows the annual net assets of Evergreen Corporation Warrant from 2021 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-11-30 | $75.03 Million | -34.42% |
| 2022-11-30 | $114.42 Million | +2354386.23% |
| 2021-11-30 | $-4.86K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Evergreen Corporation Warrant'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 791217100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $82.95 Million | 110.55% |
| Total Equity | $75.03 Million | 100.00% |
Evergreen Corporation Warrant Competitors by Market Cap
The table below lists competitors of Evergreen Corporation Warrant ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Must Capital Inc
V:MUST-H
|
$145.99K |
|
SECURITAS -B-
MU:S7MB
|
$146.00K |
|
Guggenheim Active Allocation Fund
NYSE:GUG
|
$146.18K |
|
LEIFHEIT (LEI.SG)
STU:LEI
|
$146.18K |
|
Bio Meat Foodtech - Limited Partnership
TA:BIMT
|
$145.66K |
|
ALTIRA N
BE:A7A
|
$145.56K |
|
Dong-Il Corp.
KQ:001530
|
$145.56K |
|
Valaris Limited WT
NYSE:VAL-WT
|
$145.52K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Evergreen Corporation Warrant's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 114,418,311 to 75,033,200, a change of -39,385,111 (-34.4%).
- Net income of 3,673,548 contributed positively to equity growth.
- Share repurchases of 43,058,659 reduced equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $3.67 Million | +4.9% |
| Share Repurchases | $43.06 Million | -57.39% |
| Total Change | $- | -34.42% |
Book Value vs Market Value Analysis
This analysis compares Evergreen Corporation Warrant'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: 0.01x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-11-30 | $0.00 | $0.04 | x |
| 2022-11-30 | $7.68 | $0.04 | x |
| 2023-11-30 | $5.60 | $0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Evergreen Corporation Warrant 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): 4.90%
- 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: 1.11x
- Recent ROE (4.90%) is above the historical average (2.28%), indicating improving 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 | $-57.83K |
| 2022 | 1.95% | 0.00% | 0.00x | 1.04x | $-9.21 Million |
| 2023 | 4.90% | 0.00% | 0.00x | 1.11x | $-3.83 Million |
Industry Comparison
This section compares Evergreen Corporation Warrant's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $36,677,338
- Average return on equity (ROE) among peers: -64.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Evergreen Corporation Warrant (EVGRW) | $44.88 Million | 0.00% | 0.22x | $145.68K |
| Artius II Acquisition Inc. Class A Ordinary Shares (AACB) | $-60.27K | 0.00% | 0.00x | $198.37 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $205.28 Million |
| Ares Acquisition Corporation II (AACT-UN) | $931.34 Million | 0.00% | 0.08x | $399.77 Million |
| AA Mission Acquisition Corp. (AAM-UN) | $-559.90 Million | 0.00% | 0.00x | $349.76 Million |
| Global Acquisitions Corporation (AASP) | $3.80 Million | -5.26% | 0.34x | $15.42 Million |
| ABV Consulting Inc (ABVN) | $8.75K | -623.31% | 2.50x | $461.96K |
| Atlantic Coastal Acquisition Corp II (ACAB) | $-8.52 Million | 0.00% | 0.00x | $2.44 Million |
| Annabidiol Corp (ACBD) | $-501.57K | 0.00% | 0.00x | $13.62K |
| ACRO Biomedical Co Ltd (ACBM) | $685.87K | -17.12% | 0.46x | $30.04K |
| Huaizhong Health Group Inc (ADAD) | $-19.47K | 0.00% | 0.00x | $3.15K |