CNXXW
CONX Corp. 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 or assets. The company was incorporated in 2020 and is based in Littleton, Colorado.
CNXXW (CNXXW) - Net Assets
Latest net assets as of June 2024: $-9.10 Million USD
Based on the latest financial reports, CNXXW (CNXXW) has net assets worth $-9.10 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 ($196.21 Million) and total liabilities ($205.31 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 | $-9.10 Million |
| % of Total Assets | -4.64% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 57.43 |
CNXXW - Net Assets Trend (2020–2023)
This chart illustrates how CNXXW's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for CNXXW (2020–2023)
The table below shows the annual net assets of CNXXW from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $-18.06 Million | -134.41% |
| 2022-12-31 | $52.49 Million | -92.48% |
| 2021-12-31 | $698.21 Million | +2.85% |
| 2020-12-31 | $678.85 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to CNXXW'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 3111763700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $21.97 Million | % |
| Total Equity | $-18.06 Million | 100.00% |
CNXXW Competitors by Market Cap
The table below lists competitors of CNXXW ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kendrick Resources PLC
LSE:KEN
|
$92.77 |
|
Marelius Inc.
NASDAQ:MBPG
|
$93.11 |
|
Dito CME Holdings Corp
PSE:DITO
|
$93.19 |
|
EcoPlus Inc
PINK:ECPL
|
$93.46 |
|
Zenova Group PLC
LSE:ZED
|
$92.66 |
|
Figaro Coffee Group Inc
PSE:FCG
|
$92.65 |
|
Sequoia Econ Infrastructure
LSE:SEQI
|
$92.65 |
|
Galexxy Holdings Inc
PINK:GXXY
|
$92.53 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CNXXW's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 52,489,423 to -18,063,524, a change of -70,552,947 (-134.4%).
- Net loss of 5,994,501 reduced equity.
- Share repurchases of 63,919,253 reduced equity.
- Other factors decreased equity by 639,193.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-5.99 Million | -33.19% |
| Share Repurchases | $63.92 Million | -353.86% |
| Other Changes | $-639.19K | -3.54% |
| Total Change | $- | -134.41% |
Book Value vs Market Value Analysis
This analysis compares CNXXW'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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $7.24 | $0.01 | x |
| 2021-12-31 | $7.45 | $0.01 | x |
| 2022-12-31 | $1.93 | $0.01 | x |
| 2023-12-31 | $-0.87 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CNXXW 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): 0.00%
- 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: 0.00x
- Recent ROE (0.00%) is below the historical average (16.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 2.77% | 0.00% | 0.00x | 1.08x | $-50.46 Million |
| 2022 | 46.09% | 0.00% | 0.00x | 1.63x | $18.95 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-4.19 Million |
Industry Comparison
This section compares CNXXW'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 |
|---|---|---|---|---|
| CNXXW (CNXXW) | $-9.10 Million | 2.77% | N/A | $92.69 |
| 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 |