Metals Acquisition Corp. II (MTAL) - Net Assets
Based on the latest financial reports, Metals Acquisition Corp. II (MTAL) has net assets worth $223.30 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($232.67 Million) and total liabilities ($9.37 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. See Metals Acquisition Corp. II (MTAL) balance sheet quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $223.30 Million |
| % of Total Assets | 95.97% |
| Annual Growth Rate | -93.87% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 74.9 |
Metals Acquisition Corp. II - Net Assets Trend (2021–2025)
This chart illustrates how Metals Acquisition Corp. II's net assets have evolved over time, based on quarterly financial data. Also explore MTAL shareholders equity momentum to track the company's year-over-year net asset growth rate.
Annual Net Assets for Metals Acquisition Corp. II (2021–2025)
The table below shows the annual net assets of Metals Acquisition Corp. II from 2021 to 2025. For live market cap and overall valuation, see market cap of Metals Acquisition Corp. II.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $3.51K | -100.00% |
| 2024-12-31 | $566.96 Million | +111.53% |
| 2023-12-31 | $268.03 Million | +9.62% |
| 2022-12-31 | $244.52 Million | -1.53% |
| 2021-12-31 | $248.31 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Metals 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 grown by 1681377700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $25.00K | 712.05% |
| Total Equity | $3.51K | 100.00% |
Metals Acquisition Corp. II Competitors by Market Cap
The table below lists competitors of Metals Acquisition Corp. II ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Columbus Circle Capital Corp III Class A Ordinary Shares
NASDAQ:CCCT
|
$233.34 Million |
|
Aprogen Healthcare & Games Inc
KQ:109960
|
$233.36 Million |
|
Eaton Vance California MBF
NYSE MKT:EVM
|
$233.41 Million |
|
Cybin Inc. Common Stock
NYSE MKT:HELP
|
$233.50 Million |
|
FG Imperii Acquisition Corp. Class A Ordinary Shares
NASDAQ:FGII
|
$233.22 Million |
|
Dongwha Enterprise Co.Ltd
KQ:025900
|
$233.11 Million |
|
Halla Holdings Corp
KO:060980
|
$233.09 Million |
|
Poya International Co Ltd
TWO:5904
|
$233.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Metals Acquisition Corp. II's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 566,959,000 to 3,511, a change of -566,955,489 (-100.0%).
- Other comprehensive income decreased equity by 1,212,000.
- Other factors decreased equity by 565,743,489.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $0.00 | -0.0% |
| Other Comprehensive Income | $-1.21 Million | -34520.08% |
| Other Changes | $-565.74 Million | -16113457.39% |
| Total Change | $- | -100.00% |
Book Value vs Market Value Analysis
This analysis compares Metals 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: 77053.07x
- 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 1.35x to 77053.07x 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 | $7.49 | $10.15 | x |
| 2022-12-31 | $7.38 | $10.15 | x |
| 2023-12-31 | $8.96 | $10.15 | x |
| 2024-12-31 | $7.92 | $10.15 | x |
| 2025-12-31 | $0.00 | $10.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Metals 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): -14.41%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -23.97%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 2.48x
- Recent ROE (-14.41%) is above the historical average (-17.35%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 4.36% | 0.00% | 0.00x | 1.07x | $-14.02 Million |
| 2022 | -5.43% | 0.00% | 0.00x | 1.11x | $-37.73 Million |
| 2023 | -53.93% | -90.92% | 0.12x | 4.87x | $-171.36 Million |
| 2024 | -14.41% | -23.97% | 0.24x | 2.48x | $-138.38 Million |
Industry Comparison
This section compares Metals 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: $156,337,825
- Average return on equity (ROE) among peers: 10.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Metals Acquisition Corp. II (MTAL) | $223.30 Million | 4.36% | 0.04x | $233.34 Million |
| Artius II Acquisition Inc. (AACB) | $214.29 Million | 0.06% | 0.07x | $234.83 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $269.37 Million |
| Armada Acquisition Corp. II Class A Ordinary Shares (AACI) | $-27.95K | 0.00% | 0.00x | $257.01 Million |
| Abony Acquisition Corp. I Class A Ordinary Share (AACO) | $-74.71 | 0.00% | 0.00x | $236.48 Million |
| Apogee Acquisition Corp Class A Ordinary Shares (AACP) | $-13.88 | 0.00% | 0.00x | $178.44 Million |
| Ares Acquisition Corporation II (AACT) | $528.66 Million | 4.92% | 0.04x | $587.05 Million |
| AA Mission Acquisition Corp. (AAM) | $263.70 Million | 43.84% | 5.36x | $409.92K |
| Altenergy Acquisition Corp (AEAE) | $4.84 Million | 51.14% | 2.71x | $72.22 Million |
| Activate Energy Acquisition Corp. Class A Ordinary Share (AEAQ) | $223.53 Million | 0.00% | 0.04x | $238.34 Million |
| American Exceptionalism Acquisition Corp. A (AEXA) | $328.45 Million | 0.00% | 0.06x | $376.22 Million |
About Metals Acquisition Corp. II
Metals Acquisition Corp. II focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Metals Acquisition Corp. II was incorporated in 2025 and is based in Camana Bay, Cayman Islands.