Mullen Automotive Inc.
Mullen Automotive, Inc., an electric vehicle company, manufactures, sells, and distributes electric vehicles in the United States. The company operates in two segments, Bollinger and Mullen Commercial. Its products include passenger and commercial vehicles; and provides battery system technology. The company is headquartered in Brea, California.
Mullen Automotive Inc. (MULN) - Net Assets
Latest net assets as of June 2025: $-107.05 Million USD
Based on the latest financial reports, Mullen Automotive Inc. (MULN) has net assets worth $-107.05 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($89.23 Million) and total liabilities ($196.28 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 | $-107.05 Million |
| % of Total Assets | -119.98% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | -100.0% |
| Growth Volatility | 28468975.7 |
Mullen Automotive Inc. - Net Assets Trend (2011–2024)
This chart illustrates how Mullen Automotive 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 Mullen Automotive Inc. (2011–2024)
The table below shows the annual net assets of Mullen Automotive Inc. from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | $-16.55 Million | -106.07% |
| 2023-09-30 | $272.81 Million | +73.81% |
| 2022-09-30 | $156.96 Million | +354.34% |
| 2021-09-30 | $-61.71 Million | -45.19% |
| 2020-09-30 | $-42.50 Million | -25.47% |
| 2019-09-30 | $-33.88 Million | -357.74% |
| 2018-09-30 | $13.14 Million | 0.00% |
| 2017-09-30 | $13.14 Million | -100.00% |
| 2016-09-30 | $4.06 Trillion | -55.08% |
| 2015-09-30 | $9.04 Trillion | +158.68% |
| 2014-09-30 | $-15.41 Trillion | -90587797.23% |
| 2013-09-30 | $17.01 Million | -25.06% |
| 2012-09-30 | $22.70 Million | 0.00% |
| 2011-09-30 | $22.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mullen Automotive 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 231838452900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $4.58K | % |
| Other Components | $2.29 Billion | % |
| Total Equity | $-28.56 Million | 100.00% |
Mullen Automotive Inc. Competitors by Market Cap
The table below lists competitors of Mullen Automotive Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CSG SYSTEMS INTL
MU:CSN
|
$696.10K |
|
Nordea Invest Aktier II KL 1
CO:NDIAKTIIKL1
|
$696.43K |
|
MERCURY SYSTEM
MU:MCY
|
$696.61K |
|
UNITED CONTL (UAL1.SG)
STU:UAL1
|
$696.76K |
|
ENBW ENERGIE B-W
MU:EBK
|
$694.90K |
|
ASSURED GUARANTY
MU:DHU
|
$694.52K |
|
Global Battery Metals Ltd
OTCQB:REZZF
|
$694.34K |
|
Triton Development S.A.
WAR:TRI
|
$693.85K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mullen Automotive Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 208,952,537 to -28,556,026, a change of -237,508,563 (-113.7%).
- Net loss of 457,058,901 reduced equity.
- Other comprehensive income decreased equity by 1,798,302,016.
- Other factors increased equity by 2,017,852,354.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-457.06 Million | -1600.57% |
| Other Comprehensive Income | $-1.80 Billion | -6297.45% |
| Other Changes | $2.02 Billion | +7066.29% |
| Total Change | $- | -113.67% |
Book Value vs Market Value Analysis
This analysis compares Mullen Automotive 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-09-30 | $89006.13 | $1.73 | x |
| 2012-09-30 | $22696562.00 | $1.73 | x |
| 2013-09-30 | $13445.48 | $1.73 | x |
| 2014-09-30 | $-9304131642.51 | $1.73 | x |
| 2015-09-30 | $3183403873.24 | $1.73 | x |
| 2016-09-30 | $699878855.76 | $1.73 | x |
| 2017-09-30 | $1502.98 | $1.73 | x |
| 2018-09-30 | $668.00 | $1.73 | x |
| 2019-09-30 | $-1885.76 | $1.73 | x |
| 2020-09-30 | $-2163.27 | $1.73 | x |
| 2021-09-30 | $-2685.22 | $1.73 | x |
| 2022-09-30 | $4747.02 | $1.73 | x |
| 2023-09-30 | $3408.91 | $1.73 | x |
| 2024-09-30 | $-37475.10 | $1.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mullen Automotive 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -41766.40%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-146.62%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | -2.98% | 0.00% | 0.00x | 1.02x | $-2.95 Million |
| 2012 | -2.98% | 0.00% | 0.00x | 1.02x | $-2.95 Million |
| 2013 | -98.14% | -1181.80% | 0.05x | 1.67x | $-18.39 Million |
| 2014 | 0.00% | -2542.60% | 0.00x | 0.00x | $1.54 Trillion |
| 2015 | 0.00% | -36.88% | 0.00x | 2.53x | $-904.10 Billion |
| 2016 | 0.00% | -24.84% | 0.00x | 5.74x | $-406.15 Billion |
| 2018 | -75.42% | -16.50% | 1.86x | 2.46x | $-11.23 Million |
| 2019 | 0.00% | -106.42% | 2.87x | 0.00x | $-66.62 Million |
| 2020 | 0.00% | -74.28% | 2.96x | 0.00x | $-44.03 Million |
| 2021 | 0.00% | -99.55% | 3.83x | 0.00x | $-59.24 Million |
| 2022 | -1261.27% | 0.00% | 0.00x | 5.16x | $-746.19 Million |
| 2023 | -465.30% | -265643.33% | 0.00x | 2.02x | $-993.15 Million |
| 2024 | 0.00% | -41766.40% | 0.01x | 0.00x | $-454.20 Million |
Industry Comparison
This section compares Mullen Automotive Inc.'s net assets metrics with peer companies in the Auto Manufacturers industry.
Industry Context
- Industry: Auto Manufacturers
- Average net assets among peers: $23,464,126,061
- Average return on equity (ROE) among peers: -90.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mullen Automotive Inc. (MULN) | $-107.05 Million | -2.98% | N/A | $695.57K |
| Thunder Power Holdings, Inc. (AIEV) | $6.52 Million | -38.36% | 1.08x | $710.14K |
| Robo.ai Inc. (AIIO) | $138.98 Million | 0.40% | 0.00x | $23.12 Million |
| Aston Martin Lagonda Global Holdings plc (AMGDF) | $249.00 Million | -43.01% | 3.45x | $289.13 Million |
| Arrival (ARVLF) | $1.23 Billion | -106.38% | 0.44x | $803.89 |
| AYRO Inc (AYRO) | $3.04 Million | -525.91% | 0.85x | $4.36 Million |
| Bayerische Motoren Werke Aktiengesellschaft (BAMXF) | $92.92 Billion | 12.15% | 1.70x | $29.09 Billion |
| BAIC Motor Corporation Limited (BCCMY) | $79.38 Billion | 3.82% | 1.13x | $1.88 Billion |
| Bollinger Innovations, Inc. (BINI) | $9.04 Million | -146.60% | 1.53x | $1.33K |
| BYD Company Limited (BYDDF) | $60.69 Billion | 4.58% | 2.21x | $112.14 Billion |
| Cenntro Electric Group Ltd (CENN) | $7.87 Million | -65.67% | 1.89x | $8.60 Million |