HHG Capital Corp
HHG Capital Corporation does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other business combination with one or more businesses. The company was incorporated in 2020 and is based in Singapore.
HHG Capital Corp (HHGC) - Net Assets
Latest net assets as of March 2024: $34.36 Million USD
Based on the latest financial reports, HHG Capital Corp (HHGC) has net assets worth $34.36 Million USD as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($36.50 Million) and total liabilities ($2.15 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 | $34.36 Million |
| % of Total Assets | 94.12% |
| Annual Growth Rate | 1617.85% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 399667.32 |
HHG Capital Corp - Net Assets Trend (2020–2023)
This chart illustrates how HHG Capital 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 HHG Capital Corp (2020–2023)
The table below shows the annual net assets of HHG Capital Corp from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $34.00 Million | +3.41% |
| 2022-12-31 | $32.88 Million | -42.52% |
| 2021-12-31 | $57.20 Million | +847802.86% |
| 2020-12-31 | $6.75K | -- |
Equity Component Analysis
This analysis shows how different components contribute to HHG Capital 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 189258200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $35.91 Million | 105.62% |
| Total Equity | $34.00 Million | 100.00% |
HHG Capital Corp Competitors by Market Cap
The table below lists competitors of HHG Capital Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Speciality Restaurants Limited
NSE:SPECIALITY
|
$13.13 Million |
|
ALT Telecom Public Company Limited
BK:ALT
|
$13.14 Million |
|
BioSig Technologies, Inc. Common Stock
OTCQB:BSGM
|
$13.15 Million |
|
Austral Resources Australia Ltd
AU:AR1
|
$13.15 Million |
|
Kishin Corporation
KO:092440
|
$13.13 Million |
|
FIREBIRD METALS LTD
F:7Y2
|
$13.13 Million |
|
Fintech Scion Limited
PINK:FINR
|
$13.12 Million |
|
Kinovo plc
PINK:BILBF
|
$13.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HHG Capital Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 32,877,689 to 33,998,987, a change of 1,121,298 (3.4%).
- Net income of 1,372,581 contributed positively to equity growth.
- Share repurchases of 361,224 reduced equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.37 Million | +4.04% |
| Share Repurchases | $361.22K | -1.06% |
| Other Changes | $109.94K | +0.32% |
| Total Change | $- | 3.41% |
Book Value vs Market Value Analysis
This analysis compares HHG Capital 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: 1.66x
- 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 614.00x to 1.66x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $0.02 | $11.12 | x |
| 2021-12-31 | $18.70 | $11.12 | x |
| 2022-12-31 | $4.82 | $11.12 | x |
| 2023-12-31 | $6.70 | $11.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HHG Capital 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): 4.04%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 71.28%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.06x
- Recent ROE (4.04%) is above the historical average (-133.61%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -541.18% | 0.00% | 0.00x | 8.16x | $-37.18K |
| 2021 | -0.24% | -11556.01% | 0.00x | 1.03x | $-5.86 Million |
| 2022 | 2.94% | 190.79% | 0.01x | 1.05x | $-2.32 Million |
| 2023 | 4.04% | 71.28% | 0.05x | 1.06x | $-2.03 Million |
Industry Comparison
This section compares HHG Capital Corp's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $-56,363,212
- Average return on equity (ROE) among peers: -7.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HHG Capital Corp (HHGC) | $34.36 Million | -541.18% | 0.06x | $13.13 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) | $-22.04K | 0.00% | 0.00x | $399.77 Million |
| AA Mission Acquisition Corp. (AAM-UN) | $-559.90 Million | 0.00% | 0.00x | $349.76 Million |
| Global Acquisitions Corporation (AASP) | $5.32 Million | -71.85% | 3.84x | $15.42 Million |
| ABV Consulting Inc (ABVN) | $-185.37K | 0.00% | 0.00x | $461.96K |
| Atlantic Coastal Acquisition Corp II (ACAB) | $-8.52 Million | 0.00% | 0.00x | $2.44 Million |
| Annabidiol Corp (ACBD) | $-181.19K | 0.00% | 0.00x | $14.73K |
| ACRO Biomedical Co Ltd (ACBM) | $-14.79K | 0.00% | 0.00x | $30.04K |
| Huaizhong Health Group Inc (ADAD) | $-1.02K | 0.00% | 0.00x | $3.15K |