Gores Holdings IX Inc
Gores Holdings IX, Inc. does not have significant operations. It intends to effect on a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Boulder, Colorado. Gores Holdings IX, Inc. is a subsidiary of Gores Sponsor IX LLC.
Gores Holdings IX Inc (GHIX) - Net Assets
Latest net assets as of September 2024: $38.52 Million USD
Based on the latest financial reports, Gores Holdings IX Inc (GHIX) has net assets worth $38.52 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 ($65.87 Million) and total liabilities ($27.35 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 | $38.52 Million |
| % of Total Assets | 58.47% |
| Annual Growth Rate | 2939.59% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1269113.61 |
Gores Holdings IX Inc - Net Assets Trend (2021–2024)
This chart illustrates how Gores Holdings IX Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Gores Holdings IX Inc (2021–2024)
The table below shows the annual net assets of Gores Holdings IX Inc from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $531.68 Million | -0.02% |
| 2023-12-31 | $531.77 Million | +4.57% |
| 2022-12-31 | $508.52 Million | +2692198.79% |
| 2021-12-31 | $18.89K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gores Holdings IX 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 2270892400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $554.48 Million | 104.27% |
| Total Equity | $531.77 Million | 100.00% |
Gores Holdings IX Inc Competitors by Market Cap
The table below lists competitors of Gores Holdings IX Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ndr Auto Components Limited
NSE:NDRAUTO
|
$45.75 Million |
|
GEVELOT S.A. INH. EO 35
F:8XD
|
$45.75 Million |
|
STX Corporation
KO:011810
|
$45.77 Million |
|
Fong Chien Construction Co Ltd
TWO:5523
|
$45.80 Million |
|
Wave Sync Corp
PINK:WAYS
|
$45.73 Million |
|
Ctek AB
ST:CTEK
|
$45.72 Million |
|
Military Insurance Corp
VN:MIG
|
$45.70 Million |
|
EISO Enterprise Co Ltd
TWO:5291
|
$45.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gores Holdings IX Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 531,768,623 to 531,768,623, a change of 0 (0.0%).
- Net loss of 6,235,119 reduced equity.
- Other factors increased equity by 6,235,119.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-6.24 Million | -1.17% |
| Other Changes | $6.24 Million | +1.17% |
| Total Change | $- | 0.00% |
Book Value vs Market Value Analysis
This analysis compares Gores Holdings IX 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: 1.26x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 35369.68x to 1.26x 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 | $10.18 | x |
| 2022-12-31 | $7.98 | $10.18 | x |
| 2023-12-31 | $8.10 | $10.18 | x |
| 2024-12-31 | $8.10 | $10.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gores Holdings IX 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): -1.17%
- 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: 1.05x
- Recent ROE (-1.17%) is above the historical average (-7.89%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -32.36% | 0.00% | -0.03x | 25.66x | $-8.00K |
| 2022 | 3.16% | 0.00% | 0.00x | 1.05x | $-34.80 Million |
| 2023 | -1.17% | 0.00% | 0.00x | 1.05x | $-59.41 Million |
| 2024 | -1.17% | 0.00% | 0.00x | 1.05x | $-59.41 Million |
Industry Comparison
This section compares Gores Holdings IX Inc'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 |
|---|---|---|---|---|
| Gores Holdings IX Inc (GHIX) | $38.52 Million | -32.36% | 0.71x | $45.74 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 |