Onyx Acquisition I Co
Onyx Acquisition Co. I does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities in general industrials and construction technology sectors. The company was incorporated in 2021 and is based in New York, New York.
Onyx Acquisition I Co (ONYX) - Net Assets
Latest net assets as of June 2024: $-380.81K USD
Based on the latest financial reports, Onyx Acquisition I Co (ONYX) has net assets worth $-380.81K USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($15.21 Million) and total liabilities ($15.59 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 | $-380.81K |
| % of Total Assets | -2.5% |
| Annual Growth Rate | -83.1% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 48.97 |
Onyx Acquisition I Co - Net Assets Trend (2021–2023)
This chart illustrates how Onyx Acquisition I Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Onyx Acquisition I Co (2021–2023)
The table below shows the annual net assets of Onyx Acquisition I Co from 2021 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $7.43 Million | -97.16% |
| 2022-12-31 | $261.63 Million | +0.79% |
| 2021-12-31 | $259.58 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Onyx Acquisition I Co'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 467255200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $22.32 Million | 300.26% |
| Total Equity | $7.43 Million | 100.00% |
Onyx Acquisition I Co Competitors by Market Cap
The table below lists competitors of Onyx Acquisition I Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fairchild Gold Corp
V:FAIR
|
$5.91 Million |
|
mF International Limited Ordinary Shares
NASDAQ:MFI
|
$5.91 Million |
|
Ep&T Global Ltd
AU:EPX
|
$5.91 Million |
|
Big Cheese Studio S.A.
WAR:BCS
|
$5.92 Million |
|
Billy Goat Brands Ltd
PINK:BGTTF
|
$5.91 Million |
|
Australian Mines Limited
PINK:AMSLF
|
$5.91 Million |
|
AVA Risk Group Ltd
AU:AVA
|
$5.89 Million |
|
Viking Mines Ltd
AU:VKA
|
$5.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Onyx Acquisition I Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 261,628,341 to 7,432,487, a change of -254,195,854 (-97.2%).
- Net income of 218,071 contributed positively to equity growth.
- Share repurchases of 254,413,925 reduced equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $218.07K | +2.93% |
| Share Repurchases | $254.41 Million | -3423.0% |
| Total Change | $- | -97.16% |
Book Value vs Market Value Analysis
This analysis compares Onyx Acquisition I Co'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: 17.56x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 1.45x to 17.56x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $7.85 | $11.39 | x |
| 2022-12-31 | $7.91 | $11.39 | x |
| 2023-12-31 | $0.65 | $11.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Onyx Acquisition I Co 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): 2.93%
- 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: 3.02x
- Recent ROE (2.93%) is above the historical average (1.65%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -0.20% | 0.00% | 0.00x | 1.05x | $-26.49 Million |
| 2022 | 2.22% | 0.00% | 0.00x | 1.05x | $-20.36 Million |
| 2023 | 2.93% | 0.00% | 0.00x | 3.02x | $-525.18K |
Industry Comparison
This section compares Onyx Acquisition I Co'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 |
|---|---|---|---|---|
| Onyx Acquisition I Co (ONYX) | $-380.81K | -0.20% | N/A | $5.91 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 |