RCF Acquisition Corp
Perception Capital Corp. IV does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses to target asserts or business in the critical minerals sector. The company was formerly known as RCF Acquisition Corp. Perception Capital Corp. IV was incorporated in 2021 and… Read more
RCF Acquisition Corp (RCFA) - Net Assets
Latest net assets as of June 2024: $51.12 Million USD
Based on the latest financial reports, RCF Acquisition Corp (RCFA) has net assets worth $51.12 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($54.58 Million) and total liabilities ($3.46 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 | $51.12 Million |
| % of Total Assets | 93.66% |
| Annual Growth Rate | -55.08% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 43.74 |
RCF Acquisition Corp - Net Assets Trend (2021–2023)
This chart illustrates how RCF Acquisition 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 RCF Acquisition Corp (2021–2023)
The table below shows the annual net assets of RCF Acquisition Corp from 2021 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $43.27 Million | -81.03% |
| 2022-12-31 | $228.04 Million | +6.46% |
| 2021-12-31 | $214.19 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to RCF 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 grown by 1539171900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $52.88 Million | 122.21% |
| Total Equity | $43.27 Million | 100.00% |
RCF Acquisition Corp Competitors by Market Cap
The table below lists competitors of RCF Acquisition Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CASH CONVERTERS INTL
F:UKC
|
$59.24 Million |
|
Aldebaran Resources Inc
OTCQX:ADBRF
|
$59.25 Million |
|
Prosegur Compañía de Seguridad S.A
PINK:PGCSF
|
$59.27 Million |
|
Sangam (India) Limited
NSE:SANGAMIND
|
$59.28 Million |
|
Asara Resources Ltd
AU:AS1
|
$59.22 Million |
|
Glatfelter
NYSE:GLT
|
$59.22 Million |
|
KG Mobilians Co. Ltd
KQ:046440
|
$59.21 Million |
|
Arizona Metals Corp
OTCQX:AZMCF
|
$59.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in RCF Acquisition Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 228,035,538 to 43,269,470, a change of -184,766,068 (-81.0%).
- Net income of 5,147,347 contributed positively to equity growth.
- Share repurchases of 195,400,571 reduced equity.
- Other factors increased equity by 5,487,156.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $5.15 Million | +11.9% |
| Share Repurchases | $195.40 Million | -451.59% |
| Other Changes | $5.49 Million | +12.68% |
| Total Change | $- | -81.03% |
Book Value vs Market Value Analysis
This analysis compares RCF 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: 6.31x
- 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 1.65x to 6.31x 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 | $7.45 | $12.30 | x |
| 2022-12-31 | $7.93 | $12.30 | x |
| 2023-12-31 | $1.95 | $12.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently RCF 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): 11.90%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.24x
- Recent ROE (11.90%) is above the historical average (9.71%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 4.07% | 0.00% | 0.00x | 1.10x | $-12.69 Million |
| 2022 | 13.15% | 0.00% | 0.00x | 1.05x | $7.17 Million |
| 2023 | 11.90% | 0.00% | 0.00x | 1.24x | $820.40K |
Industry Comparison
This section compares RCF Acquisition 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 |
|---|---|---|---|---|
| RCF Acquisition Corp (RCFA) | $51.12 Million | 4.07% | 0.07x | $59.23 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 |