Mynaric AG
Mynaric AG develops and manufactures laser communication products for aerospace-based communication networks for government and commercial markets in the United States and internationally. It operates through Air and Space segments. The company's laser communication technology provides long-distance data transmission between moving objects for wireless space, airborne, and terrestrial application… Read more
Mynaric AG (MOYFF) - Net Assets
Latest net assets as of December 2023: $-49.29 Million USD
Based on the latest financial reports, Mynaric AG (MOYFF) has net assets worth $-49.29 Million USD as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($119.09 Million) and total liabilities ($168.37 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-49.29 Million |
| % of Total Assets | -41.39% |
| Annual Growth Rate | N/A |
| 5-Year Change | -326.71% |
| 10-Year Change | -16696.46% |
| Growth Volatility | 3396.38 |
Mynaric AG - Net Assets Trend (2013–2023)
This chart illustrates how Mynaric AG's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mynaric AG (2013–2023)
The table below shows the annual net assets of Mynaric AG from 2013 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $-49.29 Million | -277.34% |
| 2022-12-31 | $27.79 Million | -67.27% |
| 2021-12-31 | $84.91 Million | +20.09% |
| 2020-12-31 | $70.71 Million | +225.24% |
| 2019-12-31 | $21.74 Million | -1.35% |
| 2018-12-31 | $22.04 Million | -26.60% |
| 2017-12-31 | $30.02 Million | +11370.44% |
| 2016-12-31 | $261.72K | -82.30% |
| 2015-12-31 | $1.48 Million | +397.98% |
| 2014-12-31 | $296.97K | +458.43% |
| 2013-12-31 | $53.18K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mynaric AG'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 19067328.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $6.23 Million | % |
| Other Comprehensive Income | $531.00K | % |
| Other Components | $204.03 Million | % |
| Total Equity | $-49.29 Million | 100.00% |
Mynaric AG Competitors by Market Cap
The table below lists competitors of Mynaric AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lendway Inc.
NASDAQ:LDWY
|
$4.25 Million |
|
New Age Exploration Ltd
AU:NAE
|
$4.25 Million |
|
Rhone Ma Holdings Bhd
KLSE:5278
|
$4.26 Million |
|
Direct Finance TA
TA:DIFI
|
$4.26 Million |
|
Indo Acidatama Tbk
JK:SRSN
|
$4.25 Million |
|
Oronova Energy Inc
V:ONV-H
|
$4.25 Million |
|
Cardiex Ltd
AU:CDX
|
$4.25 Million |
|
Pursuit Minerals Ltd
AU:PUR
|
$4.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mynaric AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 27,793,000 to -49,287,000, a change of -77,080,000 (-277.3%).
- Net loss of 93,528,000 reduced equity.
- New share issuances of 12,769,000 increased equity.
- Other comprehensive income increased equity by 1,126,000.
- Other factors increased equity by 2,553,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-93.53 Million | -189.76% |
| Share Issuances | $12.77 Million | +25.91% |
| Other Comprehensive Income | $1.13 Million | +2.28% |
| Other Changes | $2.55 Million | +5.18% |
| Total Change | $- | -277.34% |
Book Value vs Market Value Analysis
This analysis compares Mynaric AG'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 |
|---|---|---|---|
| 2013-12-31 | $0.01 | $0.75 | x |
| 2014-12-31 | $0.00 | $0.75 | x |
| 2015-12-31 | $0.55 | $0.75 | x |
| 2016-12-31 | $0.10 | $0.75 | x |
| 2017-12-31 | $11.10 | $0.75 | x |
| 2018-12-31 | $8.15 | $0.75 | x |
| 2019-12-31 | $7.49 | $0.75 | x |
| 2020-12-31 | $21.11 | $0.75 | x |
| 2021-12-31 | $19.98 | $0.75 | x |
| 2022-12-31 | $5.11 | $0.75 | x |
| 2023-12-31 | $-8.16 | $0.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mynaric AG 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: -1735.21%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-109.39%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 9.84% | 2.30% | 0.11x | 37.92x | $-41.40 |
| 2014 | 0.00% | -15.12% | 0.81x | 0.00x | $-195.83K |
| 2015 | -56.85% | -45.31% | 1.07x | 1.18x | $-988.67K |
| 2016 | -704.18% | -362.07% | 0.26x | 7.42x | $-1.87 Million |
| 2017 | -23.05% | -236.32% | 0.09x | 1.05x | $-9.92 Million |
| 2018 | -35.30% | -172.17% | 0.18x | 1.12x | $-9.98 Million |
| 2019 | -45.52% | -8680.70% | 0.00x | 1.45x | $-12.07 Million |
| 2020 | -29.19% | -3040.06% | 0.01x | 1.29x | $-27.71 Million |
| 2021 | -53.56% | -1931.08% | 0.02x | 1.32x | $-53.97 Million |
| 2022 | -265.47% | -1668.52% | 0.05x | 3.02x | $-76.56 Million |
| 2023 | 0.00% | -1735.21% | 0.05x | 0.00x | $-88.60 Million |
Industry Comparison
This section compares Mynaric AG's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $1,490,345,014
- Average return on equity (ROE) among peers: -191.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mynaric AG (MOYFF) | $-49.29 Million | 9.84% | N/A | $4.25 Million |
| AAC Technologies Holdings Inc (AACAY) | $14.21 Billion | 28.32% | 0.71x | $4.55 Billion |
| Applied Opt (AAOI) | $115.01 Million | 3.72% | 0.60x | $2.97 Billion |
| Ability Inc (ABILF) | $5.00 Million | -5.60% | 13.35x | $544.32 |
| ADTRAN Inc (ADTN) | $378.43 Million | 20.17% | 0.27x | $785.61 Million |
| ADVA Optical Networking SE (ADVOF) | $176.06 Million | -16.73% | 0.17x | $243.68 Million |
| Airgain Inc (AIRG) | $46.22 Million | 2.47% | 0.22x | $44.70 Million |
| Aerkomm Inc (AKOM) | $24.19 Million | -98.53% | 2.63x | $805.19K |
| Akoustis Technologies, Inc. (AKTSQ) | $-57.09 Million | 0.00% | 0.00x | $135.67K |
| Amplitech Group Inc (AMPG) | $440.28K | -233.03% | 5.39x | $50.17 Million |
| Actelis Networks Inc. (ASNS) | $388.00K | -1620.10% | 27.93x | $465.34K |