TGAAF
Target Global Acquisition I Corp. 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 or entities in the consumer internet, mobility, and financial technology sectors. The company was incorporated in 2021 and is based in Grand Cayman, the Cayman Islands.
TGAAF (TGAAF) - Net Assets
Latest net assets as of December 2024: $15.63 Million USD
Based on the latest financial reports, TGAAF (TGAAF) has net assets worth $15.63 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($20.74 Million) and total liabilities ($5.11 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 | $15.63 Million |
| % of Total Assets | 75.38% |
| Annual Growth Rate | -58.09% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 35.08 |
TGAAF - Net Assets Trend (2021–2024)
This chart illustrates how TGAAF's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TGAAF (2021–2024)
The table below shows the annual net assets of TGAAF from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $15.63 Million | -57.27% |
| 2023-12-31 | $36.59 Million | -82.94% |
| 2022-12-31 | $214.43 Million | +0.92% |
| 2021-12-31 | $212.47 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TGAAF'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 162339300.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $20.74 Million | 132.63% |
| Total Equity | $15.63 Million | 100.00% |
TGAAF Competitors by Market Cap
The table below lists competitors of TGAAF ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kamat Hotels (I) Limited
NSE:KAMATHOTEL
|
$20.61 Million |
|
4DS Memory Limited
PINK:FRDSF
|
$20.61 Million |
|
Awea Mechantronic Co Ltd
TW:1530
|
$20.63 Million |
|
Milae Bioresources Co. Ltd
KQ:218150
|
$20.63 Million |
|
Target Global Acquisition I Corp
PINK:TGAA
|
$20.61 Million |
|
Hank Payments Corp.
PINK:HNKPF
|
$20.60 Million |
|
Amplia Therapeutics Limited
PINK:INNMF
|
$20.60 Million |
|
Taya Vietnam Electric Wire and Cable JSC
VN:TYA
|
$20.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TGAAF's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 36,588,641 to 15,634,675, a change of -20,953,966 (-57.3%).
- Net loss of 4,912,112 reduced equity.
- Share repurchases of 24,603,697 reduced equity.
- Other factors increased equity by 8,561,843.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-4.91 Million | -31.42% |
| Share Repurchases | $24.60 Million | -157.37% |
| Other Changes | $8.56 Million | +54.76% |
| Total Change | $- | -57.27% |
Book Value vs Market Value Analysis
This analysis compares TGAAF'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: 5.29x
- 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 1.46x to 5.29x 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 | $7.91 | $11.57 | x |
| 2022-12-31 | $7.98 | $11.57 | x |
| 2023-12-31 | $3.93 | $11.57 | x |
| 2024-12-31 | $2.19 | $11.57 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TGAAF 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): -31.42%
- 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: 1.33x
- Recent ROE (-31.42%) is below the historical average (-6.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 0.92% | 0.00% | 0.00x | 1.04x | $-19.48 Million |
| 2023 | 9.73% | 0.00% | 0.00x | 1.19x | $-100.15K |
| 2024 | -31.42% | 0.00% | 0.00x | 1.33x | $-6.48 Million |
Industry Comparison
This section compares TGAAF'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 |
|---|---|---|---|---|
| TGAAF (TGAAF) | $15.63 Million | 0.92% | 0.33x | $20.61 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 |