TMT Acquisition Corp Ordinary Shares
TMT Acquisition Corp does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus its target business search in Asia. TMT Acquisition Corp was incorporated in 2021 and is based in New York, New York.
TMT Acquisition Corp Ordinary Shares (TMTC) - Net Assets
Latest net assets as of September 2024: $64.41 Million USD
Based on the latest financial reports, TMT Acquisition Corp Ordinary Shares (TMTC) has net assets worth $64.41 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 ($67.19 Million) and total liabilities ($2.78 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 | $64.41 Million |
| % of Total Assets | 95.86% |
| Annual Growth Rate | 6275.04% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 209041.82 |
TMT Acquisition Corp Ordinary Shares - Net Assets Trend (2021–2023)
This chart illustrates how TMT Acquisition Corp Ordinary Shares's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TMT Acquisition Corp Ordinary Shares (2021–2023)
The table below shows the annual net assets of TMT Acquisition Corp Ordinary Shares from 2021 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $63.16 Million | +418080.28% |
| 2022-12-31 | $15.10K | -3.37% |
| 2021-12-31 | $15.63K | -- |
Equity Component Analysis
This analysis shows how different components contribute to TMT Acquisition Corp Ordinary Shares'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 29355400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $63.46 Million | 100.48% |
| Total Equity | $63.16 Million | 100.00% |
TMT Acquisition Corp Ordinary Shares Competitors by Market Cap
The table below lists competitors of TMT Acquisition Corp Ordinary Shares ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Purmo Group Oyj
HE:PURMO
|
$14.95 Million |
|
The Reserve Petroleum Company
PINK:RSRV
|
$14.95 Million |
|
KeyStar Corp
PINK:KEYR
|
$14.95 Million |
|
Adisyn Ltd
AU:AI1
|
$14.95 Million |
|
Parkson Holdings Bhd
KLSE:5657
|
$14.94 Million |
|
China Green Agriculture Inc
NYSE:CGA
|
$14.93 Million |
|
Asian Pac Holdings Bhd
KLSE:4057
|
$14.92 Million |
|
Yandal Resources Ltd
AU:YRL
|
$14.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TMT Acquisition Corp Ordinary Shares's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 15,103 to 63,157,767, a change of 63,142,664 (418080.3%).
- Net income of 1,569,865 contributed positively to equity growth.
- New share issuances of 63,255,982 increased equity.
- Other factors decreased equity by 1,683,183.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.57 Million | +2.49% |
| Share Issuances | $63.26 Million | +100.16% |
| Other Changes | $-1.68 Million | -2.67% |
| Total Change | $- | 418080.28% |
Book Value vs Market Value Analysis
This analysis compares TMT Acquisition Corp Ordinary Shares'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: 0.23x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 158.06x to 0.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $0.01 | $2.20 | x |
| 2022-12-31 | $0.01 | $2.20 | x |
| 2023-12-31 | $9.66 | $2.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TMT Acquisition Corp Ordinary Shares 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): 2.49%
- 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: 1.01x
- Recent ROE (2.49%) is above the historical average (-40.31%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -119.92% | 0.00% | 0.00x | 31.74x | $-20.30K |
| 2022 | -3.48% | 0.00% | 0.00x | 32.96x | $-2.04K |
| 2023 | 2.49% | 0.00% | 0.00x | 1.01x | $-4.75 Million |
Industry Comparison
This section compares TMT Acquisition Corp Ordinary Shares'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 |
|---|---|---|---|---|
| TMT Acquisition Corp Ordinary Shares (TMTC) | $64.41 Million | -119.92% | 0.04x | $14.94 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 |