Plum Acquisition Corp. III
Plum Acquisition Corp. III does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses. The company was formerly known as Alpha Partners Technology Merger Corp. and changed its name to Plum Acquisition Corp. III in February 2024. Plum Acquisition Corp.… Read more
Plum Acquisition Corp. III (PLMJ) - Net Assets
Latest net assets as of December 2024: $20.40 Million USD
Based on the latest financial reports, Plum Acquisition Corp. III (PLMJ) has net assets worth $20.40 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($25.72 Million) and total liabilities ($5.32 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 | $20.40 Million |
| % of Total Assets | 79.3% |
| Annual Growth Rate | -57.55% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 36.91 |
Plum Acquisition Corp. III - Net Assets Trend (2021–2024)
This chart illustrates how Plum Acquisition Corp. III's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Plum Acquisition Corp. III (2021–2024)
The table below shows the annual net assets of Plum Acquisition Corp. III from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $20.40 Million | -87.00% |
| 2023-12-31 | $156.86 Million | -43.14% |
| 2022-12-31 | $275.87 Million | +3.39% |
| 2021-12-31 | $266.81 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Plum Acquisition Corp. III'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 1046340300.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $25.63 Million | 125.67% |
| Total Equity | $20.40 Million | 100.00% |
Plum Acquisition Corp. III Competitors by Market Cap
The table below lists competitors of Plum Acquisition Corp. III ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cloudpoint Technology Berhad
KLSE:0277
|
$27.81 Million |
|
Auk Corp
KO:017900
|
$27.81 Million |
|
Notion Vtec Bhd
KLSE:0083
|
$27.81 Million |
|
BOCOM International Holdings Company Limited
F:597
|
$27.82 Million |
|
PSQ Holdings Inc.
NYSE:PSQH
|
$27.80 Million |
|
Kapsch Traffic
VI:KTCG
|
$27.80 Million |
|
Diffusion Engineers Ltd
NSE:DIFFNKG
|
$27.79 Million |
|
Heerim Architects & Planners Co. Ltd
KQ:037440
|
$27.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Plum Acquisition Corp. III's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 156,856,775 to 20,395,206, a change of -136,461,569 (-87.0%).
- Net loss of 2,561,229 reduced equity.
- Share repurchases of 134,059,215 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.56 Million | -12.56% |
| Share Repurchases | $134.06 Million | -657.31% |
| Other Changes | $158.88K | +0.78% |
| Total Change | $- | -87.00% |
Book Value vs Market Value Analysis
This analysis compares Plum Acquisition Corp. III'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: 5.60x
- 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 1.52x to 5.60x 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 | $7.38 | $11.19 | x |
| 2022-12-31 | $7.63 | $11.19 | x |
| 2023-12-31 | $5.16 | $11.19 | x |
| 2024-12-31 | $2.00 | $11.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Plum Acquisition Corp. III 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): -12.56%
- 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: 1.26x
- Recent ROE (-12.56%) is below the historical average (-0.61%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 0.18% | 0.00% | 0.00x | 1.07x | $-26.20 Million |
| 2022 | 3.28% | 0.00% | 0.00x | 1.04x | $-18.53 Million |
| 2023 | 6.64% | 0.00% | 0.00x | 1.00x | $-5.27 Million |
| 2024 | -12.56% | 0.00% | 0.00x | 1.26x | $-4.60 Million |
Industry Comparison
This section compares Plum Acquisition Corp. III'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 |
|---|---|---|---|---|
| Plum Acquisition Corp. III (PLMJ) | $20.40 Million | 0.18% | 0.26x | $27.80 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 |