Northern Star Investment Corp III
Northern Star Investment Corp. III does not have significant operations. It focuses on effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to identify business opportunities in the field of direct-to-consumer and digitally-disruptive e-commerce spaces. Northern Star… Read more
Northern Star Investment Corp III (NSTC) - Net Assets
Latest net assets as of June 2023: $23.50 Million USD
Based on the latest financial reports, Northern Star Investment Corp III (NSTC) has net assets worth $23.50 Million USD as of June 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($42.89 Million) and total liabilities ($19.39 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 | $23.50 Million |
| % of Total Assets | 54.79% |
| Annual Growth Rate | 4.53% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Northern Star Investment Corp III - Net Assets Trend (2021–2022)
This chart illustrates how Northern Star Investment Corp III's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Northern Star Investment Corp III (2021–2022)
The table below shows the annual net assets of Northern Star Investment Corp III from 2021 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-09-30 | $387.19 Million | +4.52% |
| 2021-09-30 | $370.43 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Northern Star Investment Corp III'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 1512479700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $401.64 Million | 103.73% |
| Total Equity | $387.19 Million | 100.00% |
Northern Star Investment Corp III Competitors by Market Cap
The table below lists competitors of Northern Star Investment Corp III ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SKYWORTH DIGITAL (KYW.SG)
STU:KYW
|
$7.44K |
|
WHRL4F
SA:WHRL4F
|
$7.45K |
|
National World PLC
LSE:NWOR
|
$7.46K |
|
SOLAI Limited
NYSE:SLAI
|
$7.46K |
|
ACL Cables PLC
CM:ACLN0000
|
$7.44K |
|
Advanced Proteome Therapeutics Corporation
PINK:APTCF
|
$7.43K |
|
Likewise Group PLC
LSE:LIKE
|
$7.43K |
|
Afastor Corporation
TWO:6707
|
$7.43K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Northern Star Investment Corp III's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 370,431,220 to 387,192,819, a change of 16,761,599 (4.5%).
- Net income of 16,761,599 contributed positively to equity growth.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $16.76 Million | +4.33% |
| Total Change | $- | 4.52% |
Book Value vs Market Value Analysis
This analysis compares Northern Star Investment Corp III'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: 0.01x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-09-30 | $7.41 | $0.05 | x |
| 2022-09-30 | $7.74 | $0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Northern Star Investment Corp III 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): 4.33%
- 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 (4.33%) is above the historical average (2.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -0.33% | 0.00% | 0.00x | 1.08x | $-38.28 Million |
| 2022 | 4.33% | 0.00% | 0.00x | 1.04x | $-21.96 Million |
Industry Comparison
This section compares Northern Star Investment Corp III'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 |
|---|---|---|---|---|
| Northern Star Investment Corp III (NSTC) | $23.50 Million | -0.33% | 0.83x | $7.44K |
| 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 |