Meta Materials Inc. (MMATQ) - Net Assets
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. Check Meta Materials Inc. (MMATQ) asset resilience to evaluate the company's liquid asset resilience ratio.
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. Also explore MMATQ current and non-current assets for the complete picture of this company's asset base.
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. For live valuation and market cap data, see Meta Materials Inc. (MMATQ) total market value.
| 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 |
|---|---|
|
Accentro Real Estate AG
F:A4Y
|
$674.67 |
|
Delta Apparel, Inc.
NYSE MKT:DLAPQ
|
$705.00 |
|
Ordinary Fully Paid Deferred Settlement
AU:BPPDD
|
$718.57 |
|
Vast Resources PLC
LSE:VAST
|
$729.67 |
|
Shapeways Holdings, Inc
NASDAQ:SHPWQ
|
$661.00 |
|
Ordinary Fully Paid Deferred Settlement
AU:GMNDA
|
$650.83 |
|
Tissue Regenix Group Plc
LSE:TRX
|
$628.37 |
|
H C Slingsby PLC
LSE:SLNG
|
$613.03 |
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: $363,178,227
- Average return on equity (ROE) among peers: 11.18%
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 | $669.00 |
| Allient Inc. (ALNT) | $101.81 Million | 15.64% | 1.80x | $1.08 Billion |
| Amphenol Corporation (APH) | $2.34 Billion | 21.19% | 0.71x | $174.92 Billion |
| Bel Fuse A Inc (BELFA) | $233.12 Million | 8.23% | 1.52x | $541.76 Million |
| Bel Fuse B Inc (BELFB) | $178.46 Million | 13.85% | 0.22x | $2.47 Billion |
| Benchmark Electronics Inc (BHE) | $281.94 Million | 4.25% | 1.70x | $2.22 Billion |
| Cps Technologies (CPSH) | $17.32 Million | 7.91% | 0.25x | $84.99 Million |
| CTS Corporation (CTS) | $310.70 Million | 6.42% | 0.68x | $1.36 Billion |
| Data I/O Corporation (DAIO) | $48.20 Million | 9.54% | 0.29x | $25.54 Million |
| Daktronics Inc (DAKT) | $36.23 Million | 17.18% | 1.00x | $960.33 Million |
| Deswell Industries Inc (DSWL) | $81.28 Million | 7.62% | 0.24x | $50.36 Million |
About 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