SMG European Recovery SPAC SE
SMG European Recovery SPAC SE does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, share purchase, reorganization, or other similar business to acquire one operating business in the leisure and lodging sub-sectors of the real estate-related hospitality sector. The company was incorporated in 2021 and is based in Luxembourg, Luxembourg.
SMG European Recovery SPAC SE (RCVR) - Net Assets
Latest net assets as of December 2023: €-16.30 Million EUR
Based on the latest financial reports, SMG European Recovery SPAC SE (RCVR) has net assets worth €-16.30 Million EUR as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€32.14 Million) and total liabilities (€48.45 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 | €-16.30 Million |
| % of Total Assets | -50.72% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
SMG European Recovery SPAC SE - Net Assets Trend (2021–2023)
This chart illustrates how SMG European Recovery SPAC SE's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SMG European Recovery SPAC SE (2021–2023)
The table below shows the annual net assets of SMG European Recovery SPAC SE from 2021 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €-16.30 Million | -24.00% |
| 2022-12-31 | €-13.15 Million | -639.83% |
| 2021-12-31 | €-1.78 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SMG European Recovery SPAC SE'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 1522542774.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €820.00K | % |
| Total Equity | €-16.30 Million | 100.00% |
SMG European Recovery SPAC SE Competitors by Market Cap
The table below lists competitors of SMG European Recovery SPAC SE ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Golden Eagle Energy Tbk
JK:SMMT
|
$30.05 Million |
|
Franklin Wireless Corp
NASDAQ:FKWL
|
$30.05 Million |
|
Yufo Electronics Co Ltd
TWO:6194
|
$30.07 Million |
|
Seah Spe Steel
KO:019440
|
$30.07 Million |
|
Evermore Chemical Industry Co Ltd
TW:1735
|
$30.03 Million |
|
Wellbiotec Co. Ltd.
KO:010600
|
$30.03 Million |
|
Bo Lak
KO:002760
|
$30.02 Million |
|
Romsdal Sparebank
OL:ROMSB
|
$30.01 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SMG European Recovery SPAC SE's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -13,146,919 to -16,302,450, a change of -3,155,531.
- Net loss of 3,155,531 reduced equity.
- Share repurchases of 87,957,705 reduced equity.
- Other factors increased equity by 87,957,705.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-3.16 Million | -19.36% |
| Share Repurchases | €87.96 Million | -539.54% |
| Other Changes | €87.96 Million | +539.54% |
| Total Change | €- | % |
Book Value vs Market Value Analysis
This analysis compares SMG European Recovery SPAC SE'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 |
|---|---|---|---|
| 2021-12-31 | €-0.12 | €9.65 | x |
| 2022-12-31 | €-4.38 | €9.65 | x |
| 2023-12-31 | €-5.43 | €9.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SMG European Recovery SPAC SE 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 (0.00%), 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 | 0.00% | 0.00% | 0.00x | 0.00x | €-1.72 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | €-11.86 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | €-1.53 Million |
Industry Comparison
This section compares SMG European Recovery SPAC SE's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $125,163,686
- Average return on equity (ROE) among peers: -134.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SMG European Recovery SPAC SE (RCVR) | €-16.30 Million | 0.00% | N/A | $30.04 Million |
| Ashington Innovation PLC (6FW) | $99.89K | -268.87% | 1.17x | $18.68K |
| HAHN-IMMOBILIEN-BET (H4I) | $250.23 Million | 0.58% | 0.04x | $270.35K |