Graf Global Corp
Graf Global Corp., a blank check company, focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in The Woodlands, Texas.
Graf Global Corp (GRAF) - Net Assets
Latest net assets as of September 2025: $232.84 Million USD
Based on the latest financial reports, Graf Global Corp (GRAF) has net assets worth $232.84 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($243.44 Million) and total liabilities ($10.60 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 | $232.84 Million |
| % of Total Assets | 95.64% |
| Annual Growth Rate | -0.3% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 47.02 |
Graf Global Corp - Net Assets Trend (2018–2024)
This chart illustrates how Graf Global 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 Graf Global Corp (2018–2024)
The table below shows the annual net assets of Graf Global Corp from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $226.62 Million | +145287.60% |
| 2023-12-31 | $-156.09K | -2.06% |
| 2022-12-31 | $-152.94K | -100.07% |
| 2019-12-31 | $216.83 Million | -6.04% |
| 2018-12-31 | $230.77 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Graf Global 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 324.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $235.77 Million | 104.03% |
| Total Equity | $226.62 Million | 100.00% |
Graf Global Corp Competitors by Market Cap
The table below lists competitors of Graf Global Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ButOne Information Corp XiAn
SHG:600455
|
$180.66 Million |
|
Neo Performance Materials Inc
PINK:NOPMF
|
$180.66 Million |
|
Hamilton Thorne Ltd
PINK:HTLZF
|
$180.66 Million |
|
Rukun Raharja Tbk
JK:RAJA
|
$180.68 Million |
|
Shanghai No1 Pharmacy Co Ltd
SHG:600833
|
$180.65 Million |
|
ODAS Elektrik Uretim Sanayi Ticaret AS
IS:ODAS
|
$180.62 Million |
|
Talgo SA
MC:TLGO
|
$180.54 Million |
|
Ecogas Inversiones S.A.
BA:ECOG
|
$180.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Graf Global Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -156,089 to 226,621,877, a change of 226,777,966.
- Net income of 5,233,485 contributed positively to equity growth.
- New share issuances of 226,000,000 increased equity.
- Other factors decreased equity by 4,455,519.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $5.23 Million | +2.31% |
| Share Issuances | $226.00 Million | +99.73% |
| Other Changes | $-4.46 Million | -1.97% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Graf Global 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: 0.56x
- 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 1.41x to 0.56x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $7.62 | $10.71 | x |
| 2019-12-31 | $7.12 | $10.71 | x |
| 2022-12-31 | $-0.03 | $10.71 | x |
| 2023-12-31 | $-0.03 | $10.71 | x |
| 2024-12-31 | $19.23 | $10.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Graf Global 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): 2.31%
- 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: 1.04x
- Recent ROE (2.31%) is above the historical average (-0.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 1.77% | 0.00% | 0.00x | 1.07x | $-19.00 Million |
| 2019 | -6.42% | 0.00% | 0.00x | 1.15x | $-35.61 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-118.54K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $12.46K |
| 2024 | 2.31% | 0.00% | 0.00x | 1.04x | $-17.43 Million |
Industry Comparison
This section compares Graf Global Corp'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 |
|---|---|---|---|---|
| Graf Global Corp (GRAF) | $232.84 Million | 1.77% | 0.05x | $180.65 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 |