Canoo Holdings Ltd
Canoo Inc., a mobility technology company, designs, develops, markets, and manufactures electric vehicles for consumer, commercial fleet, government, and military customers in the United States. the company utilizes its multi-purpose platform architecture, a self-contained, fully functional rolling chassis that directly houses the critical components for operation of an electric vehicle, includin… Read more
Canoo Holdings Ltd (GOEVW) - Net Assets
Latest net assets as of September 2024: $221.96 Million USD
Based on the latest financial reports, Canoo Holdings Ltd (GOEVW) has net assets worth $221.96 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 ($523.29 Million) and total liabilities ($301.33 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 | $221.96 Million |
| % of Total Assets | 42.42% |
| Annual Growth Rate | 547.24% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 109995.44 |
Canoo Holdings Ltd - Net Assets Trend (2018–2023)
This chart illustrates how Canoo Holdings Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Canoo Holdings Ltd (2018–2023)
The table below shows the annual net assets of Canoo Holdings Ltd from 2018 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $249.58 Million | +5.50% |
| 2022-12-31 | $236.57 Million | -31.23% |
| 2021-12-31 | $344.00 Million | -39.85% |
| 2020-12-31 | $571.86 Million | +1123.58% |
| 2019-12-31 | $-55.87 Million | -254045.45% |
| 2018-12-31 | $22.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Canoo Holdings Ltd'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 148184100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $85.00K | 0.03% |
| Other Comprehensive Income | $-5.61 Million | -2.25% |
| Other Components | $1.74 Billion | 695.96% |
| Total Equity | $249.58 Million | 100.00% |
Canoo Holdings Ltd Competitors by Market Cap
The table below lists competitors of Canoo Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EXELON (PEO.SG)
STU:PEO
|
$427.76K |
|
Tanke Biosciences Corporation
PINK:TNBI
|
$428.17K |
|
MCDONALD'S HLDG
MU:MJ8
|
$428.21K |
|
SODEXO
MU:SJ7
|
$428.74K |
|
GOLD FIELDS - Dusseldorf Stock Exchang
DU:EDGA
|
$427.57K |
|
FIDELITY NATIONAL - Dusseldorf Stock Exchang
DU:ZGY
|
$427.39K |
|
MW Trade S.A.
WAR:MWT
|
$426.44K |
|
Meridian Bhd
KLSE:5040
|
$426.43K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Canoo Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 236,573,000 to 249,576,000, a change of 13,003,000 (5.5%).
- Net loss of 302,021,000 reduced equity.
- Share repurchases of 3,000 reduced equity.
- New share issuances of 101,379,000 increased equity.
- Other comprehensive income decreased equity by 5,607,000.
- Other factors increased equity by 219,255,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-302.02 Million | -121.01% |
| Share Repurchases | $3.00K | -0.0% |
| Share Issuances | $101.38 Million | +40.62% |
| Other Comprehensive Income | $-5.61 Million | -2.25% |
| Other Changes | $219.25 Million | +87.85% |
| Total Change | $- | 5.50% |
Book Value vs Market Value Analysis
This analysis compares Canoo Holdings Ltd'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: 0.00x
- 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 |
|---|---|---|---|
| 2019-12-31 | $-34.25 | $0.01 | x |
| 2020-12-31 | $119.16 | $0.01 | x |
| 2021-12-31 | $34.72 | $0.01 | x |
| 2022-12-31 | $20.17 | $0.01 | x |
| 2023-12-31 | $9.96 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Canoo Holdings Ltd 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): -121.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -34088.15%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 2.17x
- Recent ROE (-121.01%) is below the historical average (-69.73%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -13.64% | 0.00% | 0.00x | 10.82x | $-5.20K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-187.12 Million |
| 2020 | -15.71% | -3522.27% | 0.00x | 1.32x | $-147.00 Million |
| 2021 | -70.89% | -9563.06% | 0.00x | 1.52x | $-278.26 Million |
| 2022 | -197.12% | 0.00% | 0.00x | 2.10x | $-490.00 Million |
| 2023 | -121.01% | -34088.15% | 0.00x | 2.17x | $-326.98 Million |
Industry Comparison
This section compares Canoo Holdings Ltd's net assets metrics with peer companies in the Auto Manufacturers industry.
Industry Context
- Industry: Auto Manufacturers
- Average net assets among peers: $9,457,140,457
- Average return on equity (ROE) among peers: -50.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Canoo Holdings Ltd (GOEVW) | $221.96 Million | -13.64% | 1.36x | $427.66K |
| Thunder Power Holdings, Inc. (AIEV) | $6.52 Million | -38.36% | 1.08x | $710.14K |
| Robo.ai Inc. (AIIO) | $278.23 Million | -14.63% | 0.26x | $22.37 Million |
| Aston Martin Lagonda Global Holdings plc (AMGDF) | $660.40 Million | -29.01% | 3.30x | $289.13 Million |
| Arrival (ARVLF) | $221.31 Million | 0.01% | 0.04x | $803.89 |
| AYRO Inc (AYRO) | $73.42 Million | -45.13% | 0.06x | $4.36 Million |
| Bayerische Motoren Werke Aktiengesellschaft (BAMXF) | $16.97 Billion | 13.19% | 3.39x | $29.09 Billion |
| BAIC Motor Corporation Limited (BCCMY) | $47.07 Billion | 7.05% | 1.71x | $1.88 Billion |
| Bollinger Innovations, Inc. (BINI) | $272.81 Million | -356.39% | 0.55x | $1.42K |
| BYD Company Limited (BYDDF) | $28.89 Billion | 1.50% | 2.25x | $112.14 Billion |
| Cenntro Electric Group Ltd (CENN) | $121.87 Million | -44.47% | 0.52x | $7.66 Million |