Athena Technology Acquisition Corp. II
Athena Technology Acquisition Corp. II does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.
Athena Technology Acquisition Corp. II (ATEK) - Net Assets
Latest net assets as of September 2024: $-1.31 Million USD
Based on the latest financial reports, Athena Technology Acquisition Corp. II (ATEK) has net assets worth $-1.31 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 ($15.52 Million) and total liabilities ($16.83 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 | $-1.31 Million |
| % of Total Assets | -8.46% |
| Annual Growth Rate | -80.03% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 49.04 |
Athena Technology Acquisition Corp. II - Net Assets Trend (2021–2023)
This chart illustrates how Athena Technology Acquisition Corp. II's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Athena Technology Acquisition Corp. II (2021–2023)
The table below shows the annual net assets of Athena Technology Acquisition Corp. II from 2021 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $9.81 Million | -96.08% |
| 2022-12-31 | $250.23 Million | +2.00% |
| 2021-12-31 | $245.31 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Athena Technology Acquisition Corp. II'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 808087200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $25.08 Million | 255.75% |
| Total Equity | $9.81 Million | 100.00% |
Athena Technology Acquisition Corp. II Competitors by Market Cap
The table below lists competitors of Athena Technology Acquisition Corp. II ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GEN Restaurant Group, Inc. Class A Common Stock
NASDAQ:GENK
|
$7.73 Million |
|
DevPort AB (publ)
ST:DEVP-B
|
$7.73 Million |
|
Kyung In Elect
KO:009140
|
$7.73 Million |
|
Ultimate Games SA
WAR:ULG
|
$7.73 Million |
|
PT Ketrosden Triasmitra Tbk
JK:KETR
|
$7.72 Million |
|
MAGNA TERRA MINLS
F:N6M2
|
$7.72 Million |
|
ATP 30 Public Company Limited
BK:ATP30
|
$7.72 Million |
|
Saigon Fuel JSC
VN:SFC
|
$7.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Athena Technology Acquisition Corp. II's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 250,227,486 to 9,805,781, a change of -240,421,705 (-96.1%).
- Net income of 1,339,504 contributed positively to equity growth.
- Share repurchases of 239,604,919 reduced equity.
- Other factors decreased equity by 2,156,290.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.34 Million | +13.66% |
| Share Repurchases | $239.60 Million | -2443.51% |
| Other Changes | $-2.16 Million | -21.99% |
| Total Change | $- | -96.08% |
Book Value vs Market Value Analysis
This analysis compares Athena Technology Acquisition Corp. II'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: 7.36x
- 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 0.86x to 7.36x 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 | $6.97 | $6.00 | x |
| 2022-12-31 | $9.50 | $6.00 | x |
| 2023-12-31 | $0.81 | $6.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Athena Technology Acquisition Corp. II 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): 13.66%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 2.69x
- Recent ROE (13.66%) is above the historical average (4.73%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -0.05% | 0.00% | 0.00x | 1.04x | $-24.65 Million |
| 2022 | 0.58% | 0.00% | 0.00x | 1.04x | $-23.57 Million |
| 2023 | 13.66% | 0.00% | 0.00x | 2.69x | $358.93K |
Industry Comparison
This section compares Athena Technology Acquisition Corp. II'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 |
|---|---|---|---|---|
| Athena Technology Acquisition Corp. II (ATEK) | $-1.31 Million | -0.05% | N/A | $7.73 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 |