FTAC Emerald Acquisition Corp.
FTAC Emerald Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, and similar business combination with one or more businesses or assets operating in the clean/renewable energy, water sustainability, agricultural technology, shared economy software, and mobility sectors. The company was fo… Read more
FTAC Emerald Acquisition Corp. (FLDDU) - Net Assets
Latest net assets as of September 2024: $44.59 Million USD
Based on the latest financial reports, FTAC Emerald Acquisition Corp. (FLDDU) has net assets worth $44.59 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 ($52.16 Million) and total liabilities ($7.56 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 | $44.59 Million |
| % of Total Assets | 85.5% |
| Annual Growth Rate | -13.61% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 23.83 |
FTAC Emerald Acquisition Corp. - Net Assets Trend (2021–2023)
This chart illustrates how FTAC Emerald Acquisition Corp.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for FTAC Emerald Acquisition Corp. (2021–2023)
The table below shows the annual net assets of FTAC Emerald Acquisition Corp. from 2021 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $161.41 Million | -34.20% |
| 2022-12-31 | $245.31 Million | +13.45% |
| 2021-12-31 | $216.22 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to FTAC Emerald Acquisition 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 531749200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $165.72 Million | 102.67% |
| Other Components | $6.98 Million | 4.33% |
| Total Equity | $161.41 Million | 100.00% |
FTAC Emerald Acquisition Corp. Competitors by Market Cap
The table below lists competitors of FTAC Emerald Acquisition Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vivani Medical Inc.
NASDAQ:VANI
|
$41.46 Million |
|
Kangda International Environmental Company Limited
STU:27K
|
$41.48 Million |
|
Standard Biotools Inc
NASDAQ:LAB
|
$41.48 Million |
|
Ji-Haw Industrial Co Ltd
TW:3011
|
$41.49 Million |
|
Mobilicom Limited American Depositary Shares
NASDAQ:MOB
|
$41.44 Million |
|
NFC Corporation
KQ:265740
|
$41.44 Million |
|
Hengyuan Refining Company Bhd
KLSE:4324
|
$41.43 Million |
|
Century Lithium Corp.
V:LCE
|
$41.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FTAC Emerald Acquisition Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 245,313,438 to 161,410,182, a change of -83,903,256 (-34.2%).
- Net income of 4,443,634 contributed positively to equity growth.
- Share repurchases of 96,791,644 reduced equity.
- Other factors increased equity by 8,444,754.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.44 Million | +2.75% |
| Share Repurchases | $96.79 Million | -59.97% |
| Other Changes | $8.44 Million | +5.23% |
| Total Change | $- | -34.20% |
Book Value vs Market Value Analysis
This analysis compares FTAC Emerald Acquisition 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
- Current price-to-book ratio: 1.61x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.51x to 1.61x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $6.83 | $10.33 | x |
| 2022-12-31 | $7.12 | $10.33 | x |
| 2023-12-31 | $6.40 | $10.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FTAC Emerald Acquisition 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): 2.75%
- 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: 1.03x
- Recent ROE (2.75%) is above the historical average (1.60%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 0.45% | 0.00% | 0.00x | 1.04x | $-23.42 Million |
| 2023 | 2.75% | 0.00% | 0.00x | 1.03x | $-11.70 Million |
Industry Comparison
This section compares FTAC Emerald Acquisition Corp.'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 |
|---|---|---|---|---|
| FTAC Emerald Acquisition Corp. (FLDDU) | $44.59 Million | 0.45% | 0.17x | $41.45 Million |
| 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 |