Meta Materials Inc.
Meta Materials Inc. operates as an advanced materials and nanotechnology company in the United States, Canada, and internationally. The company offers NANOWEB, a transparent conductive film that is an alternative to indium tin oxide (ITO), silver nanowire (AgNW), graphene, and carbon nanotube technologies; holoOPTIX, a holographic optical component; and ARfusion, a technology combining precision … Read more
Meta Materials Inc. (MMATQ) - Net Assets
Latest net assets as of March 2024: $18.34 Million USD
Based on the latest financial reports, Meta Materials Inc. (MMATQ) has net assets worth $18.34 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 ($46.36 Million) and total liabilities ($28.03 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 | $18.34 Million |
| % of Total Assets | 39.55% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 53.65 |
Meta Materials Inc. - Net Assets Trend (2020–2023)
This chart illustrates how Meta Materials Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Meta Materials Inc. (2020–2023)
The table below shows the annual net assets of Meta Materials Inc. from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $21.94 Million | -94.21% |
| 2022-12-31 | $378.56 Million | +13.10% |
| 2021-12-31 | $334.71 Million | +3861.86% |
| 2020-12-31 | $-8.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Meta Materials Inc.'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 57161469000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $543.05K | 2.48% |
| Other Comprehensive Income | $-5.46 Million | -24.87% |
| Other Components | $635.86 Million | 2898.60% |
| Total Equity | $21.94 Million | 100.00% |
Meta Materials Inc. Competitors by Market Cap
The table below lists competitors of Meta Materials Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Prism Technologies Group Inc
PINK:PRZM
|
$668.36 |
|
BIG RED MINING CORP.
F:K8J
|
$668.41 |
|
Patria Private Equity Trust
LSE:PPET
|
$669.32 |
|
Adhera Therapeutics Inc
PINK:ATRX
|
$669.77 |
|
Digitalbox PLC
LSE:DBOX
|
$667.18 |
|
First Tri-Star Modaraba
KAR:FTSM
|
$665.48 |
|
Fast Cables Ltd.
KAR:FCL
|
$665.42 |
|
Quantum Int. Corp
PINK:QUAN
|
$664.52 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Meta Materials Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 378,564,153 to 21,936,805, a change of -356,627,348 (-94.2%).
- Net loss of 398,231,538 reduced equity.
- New share issuances of 45,655,464 increased equity.
- Other comprehensive income decreased equity by 212,335.
- Other factors decreased equity by 3,838,939.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-398.23 Million | -1815.36% |
| Share Issuances | $45.66 Million | +208.12% |
| Other Comprehensive Income | $-212.34K | -0.97% |
| Other Changes | $-3.84 Million | -17.5% |
| Total Change | $- | -94.21% |
Book Value vs Market Value Analysis
This analysis compares Meta Materials Inc.'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: 0.00x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $-3.13 | $0.00 | x |
| 2021-12-31 | $143.71 | $0.00 | x |
| 2022-12-31 | $115.29 | $0.00 | x |
| 2023-12-31 | $3.81 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Meta Materials Inc. 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): -1815.36%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4999.36%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 2.52x
- Recent ROE (-1815.36%) is below the historical average (-465.86%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | -1034.70% | 0.11x | 0.00x | $-10.72 Million |
| 2021 | -27.19% | -2228.95% | 0.01x | 1.30x | $-124.47 Million |
| 2022 | -20.90% | -775.50% | 0.02x | 1.08x | $-116.96 Million |
| 2023 | -1815.36% | -4999.36% | 0.14x | 2.52x | $-400.43 Million |
Industry Comparison
This section compares Meta Materials Inc.'s net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $42,176,553,988
- Average return on equity (ROE) among peers: -5.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Meta Materials Inc. (MMATQ) | $18.34 Million | 0.00% | 1.53x | $667.37 |
| American Aires Inc (AAIRF) | $4.68 Million | -72.64% | 0.10x | $3.94 Million |
| Alpha Technologies Group Inc (AHAG) | $18.50 Million | 22.45% | 0.88x | $0.93 |
| Allient Inc. (ALNT) | $36.32 Million | 19.18% | 0.62x | $845.72 Million |
| alpha-En Corporation (ALPE) | $94.61K | -111.43% | 1.68x | $3.62K |
| Alps Electric Co Ltd (APELY) | $190.75 Billion | 5.84% | 1.24x | $2.39 Billion |
| Amphenol Corporation (APH) | $323.41 Million | 32.15% | 2.65x | $165.03 Billion |
| AT & S Austria Technologie & Systemtechnik Aktiengesellschaft (ASAAF) | $226.29 Million | 18.25% | 1.19x | $344.33 Million |
| Audinate Group Limited (AUDGF) | $165.31 Million | -3.86% | 0.10x | $323.81 Million |
| AU Optronics Corp (AUOTY) | $212.82 Billion | 15.21% | 1.02x | $3.80 Billion |
| AVMPF (AVMPF) | $17.42 Billion | 23.89% | 2.47x | $7.28 Billion |