Pearl Holdings Acquisition Corp (PRLH) - Net Assets
Based on the latest financial reports, Pearl Holdings Acquisition Corp (PRLH) has net assets worth $14.72 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 ($24.70 Million) and total liabilities ($9.98 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 tangible net worth ratio of Pearl Holdings Acquisition Corp to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $14.72 Million |
| % of Total Assets | 59.59% |
| Annual Growth Rate | -71.83% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 46.58 |
Pearl Holdings Acquisition Corp - Net Assets Trend (2021–2023)
This chart illustrates how Pearl Holdings Acquisition Corp's net assets have evolved over time, based on quarterly financial data. See Pearl Holdings Acquisition Corp liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Pearl Holdings Acquisition Corp (2021–2023)
The table below shows the annual net assets of Pearl Holdings Acquisition Corp from 2021 to 2023. For live valuation and market cap data, see Pearl Holdings Acquisition Corp market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $15.75 Million | -92.13% |
| 2022-12-31 | $200.24 Million | +1.03% |
| 2021-12-31 | $198.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pearl Holdings 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 decreased by 209030700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $23.64 Million | 150.10% |
| Total Equity | $15.75 Million | 100.00% |
Pearl Holdings Acquisition Corp Competitors by Market Cap
The table below lists competitors of Pearl Holdings Acquisition Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Blue Cap AG
XETRA:B7E
|
$81.20 Million |
|
MAG Holdings Berhad
KLSE:0095
|
$81.20 Million |
|
Nobleoak Life Ltd
AU:NOL
|
$81.22 Million |
|
Morn Sun Feed Mill Corp
TWO:1240
|
$81.24 Million |
|
MLG OZ Ltd
AU:MLG
|
$81.12 Million |
|
CPN Commercial Growth Leasehold Property Fund
BK:CPNCG
|
$81.12 Million |
|
Fluoguide AS
ST:FLUO
|
$81.11 Million |
|
PT Janu Putra Sejahtera Tbk
JK:AYAM
|
$81.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pearl Holdings Acquisition Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 200,239,169 to 15,752,615, a change of -184,486,554 (-92.1%).
- Net income of 8,646,000 contributed positively to equity growth.
- Share repurchases of 193,132,507 reduced equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $8.65 Million | +54.89% |
| Share Repurchases | $193.13 Million | -1226.03% |
| Other Changes | $-47.00 | -0.0% |
| Total Change | $- | -92.13% |
Book Value vs Market Value Analysis
This analysis compares Pearl Holdings 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: 17.51x
- 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 1.43x to 17.51x 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 | $7.93 | $11.32 | x |
| 2022-12-31 | $8.01 | $11.32 | x |
| 2023-12-31 | $0.65 | $11.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pearl Holdings 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): 54.89%
- 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: 1.50x
- Recent ROE (54.89%) is above the historical average (19.10%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -0.06% | 0.00% | 0.00x | 1.04x | $-19.93 Million |
| 2022 | 2.46% | 0.00% | 0.00x | 1.04x | $-15.10 Million |
| 2023 | 54.89% | 0.00% | 0.00x | 1.50x | $7.07 Million |
Industry Comparison
This section compares Pearl Holdings Acquisition Corp's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $173,103,317
- Average return on equity (ROE) among peers: 3.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pearl Holdings Acquisition Corp (PRLH) | $14.72 Million | -0.06% | 0.68x | $81.14 Million |
| Artius II Acquisition Inc. (AACB) | $-60.27K | 0.00% | 0.00x | $232.84 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $268.87 Million |
| Ares Acquisition Corporation II (AACT) | $502.67 Million | 0.00% | 0.05x | $587.05 Million |
| AA Mission Acquisition Corp. (AAM) | $534.70 Million | 21.49% | 3.04x | $420.70K |
| Altenergy Acquisition Corp (AEAE) | $-12.44 Million | 0.00% | 0.00x | $72.22 Million |
| Activate Energy Acquisition Corp. Class A Ordinary Share (AEAQ) | $223.53 Million | 0.00% | 0.04x | $236.21 Million |
| American Exceptionalism Acquisition Corp. A (AEXA) | $328.45 Million | 0.00% | 0.06x | $390.09 Million |
| Aimei Health Technology Co., Ltd Ordinary Share (AFJK) | $8.04 Million | 13.18% | 0.51x | $107.66 Million |
| Aifeex Nexus Acquisition Corporation (AIFE) | $86.16 Million | -0.10% | 0.01x | $91.13 Million |
| AI TRANSPORTATION ACQUISITION CORP Ordinary shares (AITR) | $60.04 Million | -0.06% | 0.02x | $86.22 Million |
About Pearl Holdings Acquisition Corp
Pearl Holdings Acquisition Corp does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search for a target business operating in the lifestyle, health and wellness, and technology sectors. Pearl Holdings Acquisition Corp was… Read more