Head to Head Comparison: Cartesian Growth Corp III (CGCT) vs. The Competition

Cartesian Growth Corp III (NASDAQ:CGCT) is one of 318 public companies in the “Investment Offices” industry, but how does it contrast to its peers? We will compare Cartesian Growth Corp III to similar businesses based on the strength of its risk, analyst recommendations, institutional ownership, profitability, earnings, valuation and dividends.

Profitability

This table compares Cartesian Growth Corp III and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Cartesian Growth Corp III	N/A	-60.51%	2.80%
Cartesian Growth Corp III Competitors	697.12%	-3.34%	-1.94%

Insider and Institutional Ownership

48.4% of shares of all “Investment Offices” companies are held by institutional investors. 29.1% of shares of all “Investment Offices” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Analyst Ratings

This is a breakdown of current recommendations for Cartesian Growth Corp III and its peers, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Cartesian Growth Corp III	1	0	0	0	1.00
Cartesian Growth Corp III Competitors	320	84	127	2	1.65

As a group, “Investment Offices” companies have a potential upside of 46.37%. Given Cartesian Growth Corp III’s peers stronger consensus rating and higher possible upside, analysts clearly believe Cartesian Growth Corp III has less favorable growth aspects than its peers.

Earnings & Valuation

This table compares Cartesian Growth Corp III and its peers revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Cartesian Growth Corp III	N/A	$6.22 million	52.91
Cartesian Growth Corp III Competitors	$56.46 million	-$145.21 million	-421.77

Cartesian Growth Corp III’s peers have higher revenue, but lower earnings than Cartesian Growth Corp III. Cartesian Growth Corp III is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.

Summary

Cartesian Growth Corp III peers beat Cartesian Growth Corp III on 9 of the 12 factors compared.

About Cartesian Growth Corp III

We are a blank check company incorporated on October 29, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. Additionally, we have not contacted any of the prospective target businesses that Cartesian Growth Corporation (“CGC I”), a former special purpose acquisition company (“SPAC”) sponsored by affiliates of our sponsor that completed its initial business combination in January 2023, had considered and rejected while such entity was a blank check company searching for target businesses to acquire. We also have not contacted any of the prospective target businesses that Cartesian Growth Corporation II (“CGC II”), an existing SPAC sponsored by affiliates of our sponsor that consummated its initial public offering in May 2022, has considered while such entity continues its search for target businesses to acquire. However, we may contact any such targets subsequent to the closing of this offering if we become aware that the valuations, operations, profits or prospects of such target business, or the benefits of any potential transaction with such target business, would be attractive to our shareholders. We have conducted no operations and have generated no revenues to date, and we will not generate operating revenues until, at the earliest, after we consummate our initial business combination. While we may pursue our initial business combination in any business industry or sector, we intend to focus on seeking high-growth businesses with proven or potential transnational operations or outlooks in order to capitalize on the experience, reputation, and network of our management team. Furthermore, we intend to seek target businesses where we believe we will have an opportunity to drive ongoing value creation after our initial business combination is completed, as our management team has done with multiple investments over a wide range of sectors, industries and geographical locations. Although we anticipate acquiring a target business that is an operating business, we are not obligated to do so and may determine instead to merge with or acquire a company with no operating history if the terms of the transaction are determined by us to be favorable to our public shareholders and the target business has a fair market value of at least 80% of the assets held in the trust account (excluding the deferred underwriting commissions and taxes payable, if any, on the income accrued on the trust account) at the time of our signing a definitive agreement in connection with our initial business combination. In such event, investors would not have the benefit of basing the decision on whether to remain with our company following such transaction on the past operations of such target business. Furthermore, in such a situation, many of the acquisition criteria and guidelines set forth in this prospectus may be rendered irrelevant. If we do not obtain a fairness opinion from an independent investment banking firm or another independent entity that commonly renders valuation opinions with respect to such criteria, the fair market value of such a target would be determined by our board of directors based upon one or more standards generally accepted by the financial community, such as actual and potential sales, earnings, cash flow and/or book value, discounted cash flow valuation or value of comparable businesses. We can provide no assurances that our management team’s expertise will guarantee a successful initial business combination. In addition, our management team is not required to devote a significant or certain amount of time to our businesses and our management team is currently devoting time to, and is involved with, other businesses. Our sponsor is an affiliate of Cartesian Capital Group, LLC (“Cartesian”), a global private equity firm and registered investment adviser headquartered in New York City, New York. Cartesian has extensive experience providing growth capital to companies around the world. Since its inception in 2006, Cartesian has managed more than $3 billion in committed capital. Cartesian was founded by Peter Yu, who previously founded and served as Chief Executive Officer of AIG Capital Partners, Inc. (“AIGCP”), a leading international private equity firm with over $4.5 billion in committed capital. Cartesian’s team currently consists of 23 professionals, who together have more than 300 years of international private equity experience. Collectively, the Cartesian team has executed more than 55 market-leading investments across 30 countries. Over the years, the Cartesian team has developed an extensive network of relationships, particularly in North America, Europe, South America, and Asia, and an established record of innovative and opportunistic investing, consistent discipline, and significant value creation for all stakeholders. We believe our team has the required analytic, financial, and operational expertise to complete a successful initial business combination and generate attractive risk-adjusted returns for our shareholders. Our executive offices are located in New York, New York.