HCM Acquisition Corp (HCMA) - Net Assets
Based on the latest financial reports, HCM Acquisition Corp (HCMA) has net assets worth $36.12 Million USD as of September 2023. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($44.85 Million) and total liabilities ($8.73 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. See how leveraged is HCM Acquisition Corp's balance sheet to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $36.12 Million |
| % of Total Assets | 80.54% |
| Annual Growth Rate | 3078288.2% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
HCM Acquisition Corp - Net Assets Trend (2021–2022)
This chart illustrates how HCM Acquisition Corp's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see HCMA market cap overview.
Annual Net Assets for HCM Acquisition Corp (2021–2022)
The table below shows the annual net assets of HCM Acquisition Corp from 2021 to 2022. Also explore HCMA net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $281.64 Million | +3056589.29% |
| 2021-12-31 | $9.21K | -- |
Equity Component Analysis
This analysis shows how different components contribute to HCM 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 1596121200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $297.62 Million | 105.67% |
| Total Equity | $281.64 Million | 100.00% |
HCM Acquisition Corp Competitors by Market Cap
The table below lists competitors of HCM Acquisition Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Niu Technologies
NASDAQ:NIU
|
$145.19 Million |
|
Tri Ocean Textile Co Ltd
TW:1472
|
$145.19 Million |
|
Para Light Electronics Co Ltd
TW:6226
|
$145.24 Million |
|
KHVATEC Co.Ltd
KQ:060720
|
$145.26 Million |
|
JIN MEDICAL INTERNATIONAL LTD. Ordinary Shares
NASDAQ:ZJYL
|
$145.12 Million |
|
Hanjin Transportation Co. Ltd.
KO:002320
|
$145.10 Million |
|
Vivozon Healthcare Inc
KQ:082800
|
$145.07 Million |
|
Alam Sutera Realty Tbk
JK:ASRI
|
$145.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HCM Acquisition Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 9,214 to 281,643,351, a change of 281,634,137 (3056589.3%).
- Net income of 14,783,303 contributed positively to equity growth.
- New share issuances of 282,500,000 increased equity.
- Other factors decreased equity by 15,649,166.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $14.78 Million | +5.25% |
| Share Issuances | $282.50 Million | +100.3% |
| Other Changes | $-15.65 Million | -5.56% |
| Total Change | $- | 3056589.29% |
Book Value vs Market Value Analysis
This analysis compares HCM 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: 0.98x
- 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.
- The price-to-book ratio has decreased from 43471.35x to 0.98x 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 | $10.32 | x |
| 2022-12-31 | $10.52 | $10.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HCM 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): 5.25%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.06x
- Recent ROE (5.25%) is above the historical average (-83.04%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -171.33% | 0.00% | 0.00x | 37.12x | $-16.71K |
| 2022 | 5.25% | 0.00% | 0.00x | 1.06x | $-13.38 Million |
Industry Comparison
This section compares HCM Acquisition Corp's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $137,976,738
- Average return on equity (ROE) among peers: 5.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HCM Acquisition Corp (HCMA) | $36.12 Million | -171.33% | 0.24x | $145.17 Million |
| Artius II Acquisition Inc. (AACB) | $-60.27K | 0.00% | 0.00x | $234.83 Million |
| Artius II Acquisition Inc. Units (AACBU) | $214.29 Million | 0.06% | 0.07x | $269.37 Million |
| Armada Acquisition Corp. II Class A Ordinary Shares (AACI) | $150.91 Million | -0.31% | 0.00x | $256.50 Million |
| Abony Acquisition Corp. I Class A Ordinary Share (AACO) | $-74.71 | 0.00% | 0.00x | $236.71 Million |
| Apogee Acquisition Corp Class A Ordinary Shares (AACP) | $-13.88 | 0.00% | 0.00x | $178.44 Million |
| Ares Acquisition Corporation II (AACT) | $11.15K | -0.14% | 45.93x | $587.05 Million |
| AA Mission Acquisition Corp. (AAM) | $457.80 Million | 1.29% | 11.31x | $399.13K |
| Altenergy Acquisition Corp (AEAE) | $4.84 Million | 51.14% | 2.71x | $72.22 Million |
| Activate Energy Acquisition Corp. Class A Ordinary Share (AEAQ) | $223.53 Million | 0.00% | 0.04x | $238.34 Million |
| American Exceptionalism Acquisition Corp. A (AEXA) | $328.45 Million | 0.00% | 0.06x | $387.32 Million |
About HCM Acquisition Corp
HCM Acquisition Corp does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. HCM Acquisition Corp was incorporated in 2021 and is based in Stamford, Connecticut.