Portage Fintech Acquisition Corp
Perception Capital Corp. III 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 the financial technology or financial services ecosystem. The company was formerly known as Portage Fintech Acquisition Corporation and changed its name to Per… Read more
Portage Fintech Acquisition Corp (PFTA) - Net Assets
Latest net assets as of September 2024: $14.16 Million USD
Based on the latest financial reports, Portage Fintech Acquisition Corp (PFTA) has net assets worth $14.16 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($18.21 Million) and total liabilities ($4.06 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 | $14.16 Million |
| % of Total Assets | 77.73% |
| Annual Growth Rate | -60.19% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 45.58 |
Portage Fintech Acquisition Corp - Net Assets Trend (2021–2023)
This chart illustrates how Portage Fintech Acquisition Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Portage Fintech Acquisition Corp (2021–2023)
The table below shows the annual net assets of Portage Fintech Acquisition Corp from 2021 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $38.39 Million | -85.04% |
| 2022-12-31 | $256.69 Million | +6.11% |
| 2021-12-31 | $241.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Portage Fintech Acquisition Corp'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 grown by 1392414600.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $41.68 Million | 108.56% |
| Total Equity | $38.39 Million | 100.00% |
Portage Fintech Acquisition Corp Competitors by Market Cap
The table below lists competitors of Portage Fintech Acquisition Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SaveLend Group AB
ST:YIELD
|
$5.46 Million |
|
ADTIGER CORP.LTD.DL-0005
F:55U
|
$5.46 Million |
|
Asian Battery Metals Plc
AU:AZ9
|
$5.46 Million |
|
Chukai Public Company Limited
BK:CRANE
|
$5.46 Million |
|
ALSAF
PINK:ALSAF
|
$5.46 Million |
|
ISHS CR S&P; 500
BE:ISQ2
|
$5.46 Million |
|
Cassius Mining Ltd
AU:CMD
|
$5.45 Million |
|
Bullfrog AI Holdings, Inc. Common Stock
NASDAQ:BFRG
|
$5.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Portage Fintech Acquisition Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 256,691,991 to 38,394,057, a change of -218,297,934 (-85.0%).
- Net income of 7,148,065 contributed positively to equity growth.
- Share repurchases of 229,119,437 reduced equity.
- Other factors increased equity by 3,673,438.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $7.15 Million | +18.62% |
| Share Repurchases | $229.12 Million | -596.76% |
| Other Changes | $3.67 Million | +9.57% |
| Total Change | $- | -85.04% |
Book Value vs Market Value Analysis
This analysis compares Portage Fintech Acquisition Corp'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: 6.36x
- 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 1.44x to 6.36x 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 | $7.47 | $10.76 | x |
| 2022-12-31 | $7.93 | $10.76 | x |
| 2023-12-31 | $1.69 | $10.76 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Portage Fintech Acquisition Corp 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): 18.62%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.10x
- Recent ROE (18.62%) is above the historical average (9.87%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 3.28% | 0.00% | 0.00x | 1.08x | $-16.26 Million |
| 2022 | 7.73% | 0.00% | 0.00x | 1.03x | $-5.84 Million |
| 2023 | 18.62% | 0.00% | 0.00x | 1.10x | $3.31 Million |
Industry Comparison
This section compares Portage Fintech Acquisition Corp's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $-56,363,212
- Average return on equity (ROE) among peers: -7.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Portage Fintech Acquisition Corp (PFTA) | $14.16 Million | 3.28% | 0.29x | $5.46 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) | $-22.04K | 0.00% | 0.00x | $399.77 Million |
| AA Mission Acquisition Corp. (AAM-UN) | $-559.90 Million | 0.00% | 0.00x | $349.76 Million |
| Global Acquisitions Corporation (AASP) | $5.32 Million | -71.85% | 3.84x | $15.42 Million |
| ABV Consulting Inc (ABVN) | $-185.37K | 0.00% | 0.00x | $461.96K |
| Atlantic Coastal Acquisition Corp II (ACAB) | $-8.52 Million | 0.00% | 0.00x | $2.44 Million |
| Annabidiol Corp (ACBD) | $-181.19K | 0.00% | 0.00x | $14.73K |
| ACRO Biomedical Co Ltd (ACBM) | $-14.79K | 0.00% | 0.00x | $30.04K |
| Huaizhong Health Group Inc (ADAD) | $-1.02K | 0.00% | 0.00x | $3.15K |