LatAmGrowth SPAC
Chenghe Acquisition I Co. 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. It intends to focus search for an initial business combination in the TMT, green energy, biotechnology, optoelectronics, and other sectors in the Asia P… Read more
LatAmGrowth SPAC (LATG) - Net Assets
Latest net assets as of September 2024: $40.94 Million USD
Based on the latest financial reports, LatAmGrowth SPAC (LATG) has net assets worth $40.94 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 ($45.87 Million) and total liabilities ($4.93 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 | $40.94 Million |
| % of Total Assets | 89.25% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
LatAmGrowth SPAC - Net Assets Trend (2021–2023)
This chart illustrates how LatAmGrowth SPAC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for LatAmGrowth SPAC (2021–2023)
The table below shows the annual net assets of LatAmGrowth SPAC from 2021 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $41.34 Million | -67.96% |
| 2022-12-31 | $129.02 Million | +196972.95% |
| 2021-12-31 | $-65.53K | -- |
Equity Component Analysis
This analysis shows how different components contribute to LatAmGrowth SPAC'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 413104000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $43.61 Million | 105.47% |
| Other Components | $1.96 Million | 4.74% |
| Total Equity | $41.34 Million | 100.00% |
LatAmGrowth SPAC Competitors by Market Cap
The table below lists competitors of LatAmGrowth SPAC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AC S.A.
WAR:ACG
|
$38.17 Million |
|
Water Intelligence plc
PINK:WTLLF
|
$38.18 Million |
|
Cooper Energy Limited
PINK:COPJF
|
$38.19 Million |
|
Optical Cable Corporation
NASDAQ:OCC
|
$38.19 Million |
|
ABOUT YOU Holding AG
F:YOU
|
$38.16 Million |
|
GreenFirst Forest Products Inc
PINK:ICLTF
|
$38.13 Million |
|
msg life ag
HM:MSGL
|
$38.10 Million |
|
Mastersystem Infotama Tbk.
JK:MSTI
|
$38.06 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in LatAmGrowth SPAC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 129,020,686 to 41,344,601, a change of -87,676,085 (-68.0%).
- Net income of 425,912 contributed positively to equity growth.
- Share repurchases of 95,617,197 reduced equity.
- Other factors increased equity by 7,515,200.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $425.91K | +1.03% |
| Share Repurchases | $95.62 Million | -231.27% |
| Other Changes | $7.52 Million | +18.18% |
| Total Change | $- | -67.96% |
Book Value vs Market Value Analysis
This analysis compares LatAmGrowth SPAC'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: 3.10x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $0.00 | $11.90 | x |
| 2022-12-31 | $7.94 | $11.90 | x |
| 2023-12-31 | $3.84 | $11.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently LatAmGrowth SPAC 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): 1.03%
- 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 (1.03%) is below the historical average (5.77%), 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 | 0.00% | 0.00% | 0.00x | 0.00x | $-83.98K |
| 2022 | 16.29% | 0.00% | 0.00x | 1.05x | $8.11 Million |
| 2023 | 1.03% | 0.00% | 0.00x | 1.05x | $-3.71 Million |
Industry Comparison
This section compares LatAmGrowth SPAC'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 |
|---|---|---|---|---|
| LatAmGrowth SPAC (LATG) | $40.94 Million | 0.00% | 0.12x | $38.17 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 |