IX Acquisition Corp
IX Acquisition Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It focuses on companies in the technology, media and telecommunications, and information and communication technology industries. The company was incorporated in 2021 and i… Read more
IX Acquisition Corp (IXAQ) - Net Assets
Latest net assets as of March 2025: $5.59 Million USD
Based on the latest financial reports, IX Acquisition Corp (IXAQ) has net assets worth $5.59 Million USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($19.29 Million) and total liabilities ($13.70 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 | $5.59 Million |
| % of Total Assets | 28.96% |
| Annual Growth Rate | -70.66% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 41.55 |
IX Acquisition Corp - Net Assets Trend (2021–2024)
This chart illustrates how IX 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 IX Acquisition Corp (2021–2024)
The table below shows the annual net assets of IX Acquisition Corp from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $5.34 Million | -75.63% |
| 2023-12-31 | $21.93 Million | -90.09% |
| 2022-12-31 | $221.17 Million | +4.39% |
| 2021-12-31 | $211.87 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to IX 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 grown by 565997400.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $18.95 Million | 354.60% |
| Total Equity | $5.34 Million | 100.00% |
IX Acquisition Corp Competitors by Market Cap
The table below lists competitors of IX Acquisition Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pc Iletisim ve Medya Hizmetleri Sanayi Ticaret AS
IS:PCILT
|
$34.19 Million |
|
SVB & T Corp
OTCQX:SVBT
|
$34.21 Million |
|
PNB Gilts Limited
NSE:PNBGILTS
|
$34.22 Million |
|
Jung Shing Wire Co Ltd
TW:1617
|
$34.23 Million |
|
Tobii AB (publ)
F:24T
|
$34.18 Million |
|
Artiva Biotherapeutics, Inc. Common Stock
NASDAQ:ARTV
|
$34.17 Million |
|
Tristar Gold
OTCQB:TSGZF
|
$34.17 Million |
|
Jaanh CosmeticsInc.
KQ:219550
|
$34.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in IX Acquisition Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 21,925,401 to 5,344,062, a change of -16,581,339 (-75.6%).
- Net loss of 2,275,000 reduced equity.
- Share repurchases of 14,306,363 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.27 Million | -42.57% |
| Share Repurchases | $14.31 Million | -267.71% |
| Other Changes | $24.00 | +0.0% |
| Total Change | $- | -75.63% |
Book Value vs Market Value Analysis
This analysis compares IX 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: 5.77x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 0.66x to 5.77x 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 | $18.27 | $12.01 | x |
| 2022-12-31 | $7.69 | $12.01 | x |
| 2023-12-31 | $1.41 | $12.01 | x |
| 2024-12-31 | $2.08 | $12.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently IX 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): -42.57%
- 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: 3.55x
- Recent ROE (-42.57%) is below the historical average (-3.91%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 4.41% | 0.00% | 0.00x | 1.10x | $-11.85 Million |
| 2022 | 4.20% | 0.00% | 0.00x | 1.06x | $-12.83 Million |
| 2023 | 18.33% | 0.00% | 0.00x | 1.44x | $1.83 Million |
| 2024 | -42.57% | 0.00% | 0.00x | 3.55x | $-2.81 Million |
Industry Comparison
This section compares IX 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 |
|---|---|---|---|---|
| IX Acquisition Corp (IXAQ) | $5.59 Million | 4.41% | 2.45x | $34.18 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 |