Mynaric AG Net Assets
Mynaric AG net assets. Based on the latest financial reports, Mynaric AG (M0YN) has net assets worth €-49.29 Million EUR (≈ $-57.62 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 ≈ $139.22 Million USD) and total liabilities (€168.37 Million ≈ $196.85 Million USD). 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. Also explore how fast is Mynaric AG growing its equity to track the company's year-over-year net asset growth rate.
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 |
Net Assets of Mynaric AG (2013–2023)
Net assets of Mynaric AG from 2013 to 2023. This chart illustrates how Mynaric AG's net assets have evolved over time, based on quarterly financial data. See Mynaric AG balance sheet quality to measure how much of total assets are equity-financed.
Annual Net Assets for Mynaric AG (2013–2023)
The table below shows the annual net assets of Mynaric AG from 2013 to 2023. For live market cap and overall valuation, see M0YN market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €-49.29 Million ≈ $-57.62 Million |
-277.34% |
| 2022-12-31 | €27.79 Million ≈ $32.49 Million |
-67.27% |
| 2021-12-31 | €84.91 Million ≈ $99.27 Million |
+20.09% |
| 2020-12-31 | €70.71 Million ≈ $82.67 Million |
+225.24% |
| 2019-12-31 | €21.74 Million ≈ $25.42 Million |
-1.35% |
| 2018-12-31 | €22.04 Million ≈ $25.76 Million |
-26.60% |
| 2017-12-31 | €30.02 Million ≈ $35.10 Million |
+11370.44% |
| 2016-12-31 | €261.72K ≈ $305.98K |
-82.30% |
| 2015-12-31 | €1.48 Million ≈ $1.73 Million |
+397.98% |
| 2014-12-31 | €296.97K ≈ $347.19K |
+458.43% |
| 2013-12-31 | €53.18K ≈ $62.17K |
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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.
Mynaric AG Net Assets Breakdown (December 2023)
Mynaric AG net assets breakdown by equity component as of 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 |
|---|---|
|
Marula Mining PLC
F:48U0
|
$3.36 Million |
|
Thrive Tribe Technologies Ltd
AU:1TT
|
$3.36 Million |
|
Inomin Mines Inc
V:MINE
|
$3.37 Million |
|
Colipays Reunion SA
PA:MLCLP
|
$3.37 Million |
|
PT Trimuda Nuansa Citra Tbk
JK:TNCA
|
$3.36 Million |
|
Summit Minerals Ltd
AU:SUM
|
$3.36 Million |
|
Terra Uranium Ltd
AU:T92
|
$3.36 Million |
|
NextEnergy Solar Fund Ltd
LSE:NESF
|
$3.36 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 | €0.53 | x |
| 2014-12-31 | €0.00 | €0.53 | x |
| 2015-12-31 | €0.55 | €0.53 | x |
| 2016-12-31 | €0.10 | €0.53 | x |
| 2017-12-31 | €11.10 | €0.53 | x |
| 2018-12-31 | €8.15 | €0.53 | x |
| 2019-12-31 | €7.49 | €0.53 | x |
| 2020-12-31 | €21.11 | €0.53 | x |
| 2021-12-31 | €19.98 | €0.53 | x |
| 2022-12-31 | €5.11 | €0.53 | x |
| 2023-12-31 | €-8.16 | €0.53 | 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 same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mynaric AG (M0YN) | €-49.29 Million | 9.84% | N/A | $3.36 Million |
| Covestro AG (1COV) | $6.68 Billion | -3.98% | 1.04x | $11.10 Billion |
| CENTESSA PHARMACEUTICALS (260) | $401.55 Million | -58.71% | 0.44x | $5.35 Billion |
| 2invest AG (2INV) | $61.58 Million | -34.16% | 0.01x | $70.69 Million |
| COINSHARES I. LS-000247 (3TW) | $-1.41K | 0.00% | 0.00x | $472.53 Million |
| Adaptimmune Therapeutics plc (473A) | $123.64 Million | -110.94% | 0.47x | $42.94 Million |
| KINGMAN MINERALS LTD. (47A) | $1.72 Million | -14.34% | 0.35x | $4.05K |
| GENOR BIOPHARMA DL-00002 (67N0) | $2.49 Billion | -34.70% | 0.15x | $93.97 Million |
| BENO Holding AG (BENH) | $16.45 Million | 13.33% | 2.75x | $72.92K |
| Biotest Aktiengesellschaft (BIO) | $253.37 Million | 11.10% | 1.34x | $976.15 Million |
| Biotest Aktiengesellschaft (BIO3) | $110.79 Million | 17.87% | 2.36x | $656.94 Million |
About 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