Metalpha Technology Holding Limited (MATH) - Net Assets
Based on the latest financial reports, Metalpha Technology Holding Limited (MATH) has net assets worth $52.99 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($485.57 Million) and total liabilities ($432.58 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. Check Metalpha Technology Holding Limited strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $52.99 Million |
| % of Total Assets | 10.91% |
| Annual Growth Rate | N/A |
| 5-Year Change | 273.12% |
| 10-Year Change | 1653.7% |
| Growth Volatility | 85.18 |
Metalpha Technology Holding Limited - Net Assets Trend (2015–2026)
This chart illustrates how Metalpha Technology Holding Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see MATH company net worth.
Annual Net Assets for Metalpha Technology Holding Limited (2015–2026)
The table below shows the annual net assets of Metalpha Technology Holding Limited from 2015 to 2026. Also explore Metalpha Technology Holding Limited (MATH) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | $52.99 Million | +44.94% |
| 2025-03-31 | $36.56 Million | +116.95% |
| 2024-03-31 | $16.85 Million | +96.03% |
| 2023-03-31 | $8.60 Million | -39.47% |
| 2022-03-31 | $14.20 Million | +66.08% |
| 2021-03-31 | $8.55 Million | +16.02% |
| 2020-03-31 | $7.37 Million | -20.89% |
| 2019-03-31 | $9.32 Million | -15.25% |
| 2018-03-31 | $10.99 Million | +263.83% |
| 2017-03-31 | $3.02 Million | +107.87% |
| 2016-03-31 | $1.45 Million | +680.97% |
| 2015-03-31 | $-250.21K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Metalpha Technology Holding Limited'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 1025201800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $4.71K | 0.01% |
| Other Comprehensive Income | $11.04 Million | 20.83% |
| Other Components | $52.45 Million | 98.98% |
| Total Equity | $52.99 Million | 100.00% |
Metalpha Technology Holding Limited Competitors by Market Cap
The table below lists competitors of Metalpha Technology Holding Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Heungkuk Metaltech Co.Ltd
KQ:010240
|
$43.84 Million |
|
Maat Pharma SA
PA:MAAT
|
$43.84 Million |
|
M K Land Holdings Bhd
KLSE:8893
|
$43.85 Million |
|
Enwell Energy plc
F:RHN
|
$43.86 Million |
|
Latrobe Magnesium Limited
F:L2Q
|
$43.81 Million |
|
Scan-D
TWO:6195
|
$43.80 Million |
|
BREMER LAGERHAUS-GESELLSCHAFT -Aktiengesellschaft von 1877-
F:BLH
|
$43.78 Million |
|
Seondo Electric Co., Ltd.
KO:007610
|
$43.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Metalpha Technology Holding Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 36,558,529 to 52,989,403, a change of 16,430,874 (44.9%).
- Net income of 1,283,354 contributed positively to equity growth.
- Share repurchases of 18,340 reduced equity.
- New share issuances of 11,999,900 increased equity.
- Other comprehensive income decreased equity by 13,078,956.
- Other factors increased equity by 16,244,916.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.28 Million | +2.42% |
| Share Repurchases | $18.34K | -0.03% |
| Share Issuances | $12.00 Million | +22.65% |
| Other Comprehensive Income | $-13.08 Million | -24.68% |
| Other Changes | $16.24 Million | +30.66% |
| Total Change | $- | 44.94% |
Book Value vs Market Value Analysis
This analysis compares Metalpha Technology Holding Limited'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: 1.20x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-03-31 | $-0.02 | $0.99 | x |
| 2016-03-31 | $0.12 | $0.99 | x |
| 2017-03-31 | $0.26 | $0.99 | x |
| 2018-03-31 | $1.03 | $0.99 | x |
| 2019-03-31 | $0.86 | $0.99 | x |
| 2020-03-31 | $0.69 | $0.99 | x |
| 2021-03-31 | $0.79 | $0.99 | x |
| 2022-03-31 | $0.70 | $0.99 | x |
| 2023-03-31 | $0.32 | $0.99 | x |
| 2024-03-31 | $0.49 | $0.99 | x |
| 2025-03-31 | $0.95 | $0.99 | x |
| 2026-03-31 | $0.82 | $0.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Metalpha Technology Holding Limited 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): 2.42%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.46%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 9.16x
- Recent ROE (2.42%) is above the historical average (-25.79%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-224.98K |
| 2016 | 44.91% | 39.28% | 0.83x | 1.38x | $507.49K |
| 2017 | 56.73% | 47.74% | 0.85x | 1.39x | $1.41 Million |
| 2018 | 1.74% | 4.51% | 0.33x | 1.18x | $-914.10K |
| 2019 | -10.77% | -38.30% | 0.22x | 1.26x | $-2.04 Million |
| 2020 | -17.92% | -12611.09% | 0.00x | 1.26x | $-2.21 Million |
| 2021 | -56.17% | -2279.97% | 0.01x | 1.71x | $-6.06 Million |
| 2022 | -112.89% | -11767.49% | 0.01x | 1.90x | $-15.72 Million |
| 2023 | -239.14% | -361.16% | 0.10x | 6.52x | $-21.42 Million |
| 2024 | -21.83% | -21.95% | 0.10x | 10.37x | $-5.36 Million |
| 2025 | 43.48% | 35.66% | 0.18x | 6.75x | $12.24 Million |
| 2026 | 2.42% | 3.46% | 0.08x | 9.16x | $-4.02 Million |
Industry Comparison
This section compares Metalpha Technology Holding Limited's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $167,173,526
- Average return on equity (ROE) among peers: -19.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Metalpha Technology Holding Limited (MATH) | $52.99 Million | 0.00% | 8.16x | $43.83 Million |
| American Bitcoin Corp (ABTC) | $-4.83 Million | 0.00% | 0.00x | $211.96 Million |
| Abits Group Inc. (ABTS) | $23.92 Million | -94.69% | 0.03x | $4.56 Million |
| Sphere 3D Corp (ANY) | $23.30 Million | -92.20% | 0.08x | $18.70 Million |
| Argo Blockchain PLC ADR (ARBK) | $27.19 Million | -4.19% | 0.19x | $957.54K |
| AtlasClear Holdings, Inc. (ATCH) | $-777.81K | 0.00% | 0.00x | $32.53 Million |
| Prestige Wealth Inc. (AURE) | $6.18 Million | -16.75% | 0.11x | $34.64 Million |
| Solowin Holdings (AXG) | $8.92 Million | -6.52% | 0.73x | $312.01 Million |
| BGC Group Inc. (BGC) | $1.23 Billion | 12.98% | 2.23x | $4.39 Billion |
| Big Digital Energy, Inc. (BGDE) | $-3.12 Million | 0.00% | 0.00x | $32.59 Million |
| Bitfarms Ltd (BITF) | $359.01 Million | 6.16% | 0.51x | $1.21 Billion |
About Metalpha Technology Holding Limited
Metalpha Technology Holding Limited, together with its subsidiaries, provides wealth management services in Hong Kong. It offers digital asset-based wealth management services; executes cryptocurrency-related transactions, including the issuance of derivative products to over-the-counter clients; proprietary trading services; crypto derivative solutions, as well as enables the trading of crypto d… Read more