Forbidden Foods Ltd (FFF) - Net Assets
Based on the latest financial reports, Forbidden Foods Ltd (FFF) has net assets worth AU$3.94 Million AUD (≈ $2.79 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 (AU$5.83 Million ≈ $4.13 Million USD) and total liabilities (AU$1.89 Million ≈ $1.33 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. Check FFF cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$3.94 Million |
| % of Total Assets | 67.64% |
| Annual Growth Rate | 11.14% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 604.14 |
Forbidden Foods Ltd - Net Assets Trend (2016–2023)
This chart illustrates how Forbidden Foods Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Forbidden Foods Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Forbidden Foods Ltd (2016–2023)
The table below shows the annual net assets of Forbidden Foods Ltd from 2016 to 2023. For live valuation and market cap data, see FFF market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | AU$875.19K ≈ $619.25K |
-50.69% |
| 2022-12-31 | AU$1.77 Million ≈ $1.26 Million |
-70.94% |
| 2021-12-31 | AU$6.11 Million ≈ $4.32 Million |
+99.79% |
| 2020-12-31 | AU$3.06 Million ≈ $2.16 Million |
+244.81% |
| 2019-12-31 | AU$-2.11 Million ≈ $-1.49 Million |
-1634.11% |
| 2018-12-31 | AU$137.61K ≈ $97.37K |
-58.43% |
| 2017-12-31 | AU$331.05K ≈ $234.24K |
-20.81% |
| 2016-12-31 | AU$418.03K ≈ $295.78K |
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Equity Component Analysis
This analysis shows how different components contribute to Forbidden Foods Ltd'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 226406.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$17.77 Million | 2030.22% |
| Other Comprehensive Income | AU$73.14K | 8.36% |
| Total Equity | AU$875.19K | 100.00% |
Forbidden Foods Ltd Competitors by Market Cap
The table below lists competitors of Forbidden Foods Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MANTLE MINERALS
F:MXB0
|
$4.05 Million |
|
DMD Digital Health Connections Group Inc
NASDAQ:APTOF
|
$4.05 Million |
|
Brüder Mannesmann Aktiengesellschaft
F:BMM
|
$4.05 Million |
|
G Capital Public Company Limited
BK:GCAP
|
$4.05 Million |
|
Inspire Veterinary Partners, Inc. Class A Common Stock
NASDAQ:IVP
|
$4.05 Million |
|
ModivCare Inc
NASDAQ:MODV
|
$4.04 Million |
|
REY Resources Ltd
AU:REY
|
$4.04 Million |
|
Vision Marine Technologies Inc
NASDAQ:VMAR
|
$4.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Forbidden Foods Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,774,755 to 875,189, a change of -899,566 (-50.7%).
- Net loss of 2,326,005 reduced equity.
- Share repurchases of 161,172 reduced equity.
- New share issuances of 1,620,133 increased equity.
- Other comprehensive income decreased equity by 767,767.
- Other factors increased equity by 735,245.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-2.33 Million | -265.77% |
| Share Repurchases | AU$161.17K | -18.42% |
| Share Issuances | AU$1.62 Million | +185.12% |
| Other Comprehensive Income | AU$-767.77K | -87.73% |
| Other Changes | AU$735.25K | +84.01% |
| Total Change | AU$- | -50.69% |
Book Value vs Market Value Analysis
This analysis compares Forbidden Foods Ltd'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: 1.78x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.44x to 1.78x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | AU$0.01 | AU$0.01 | x |
| 2017-12-31 | AU$0.00 | AU$0.01 | x |
| 2018-12-31 | AU$0.00 | AU$0.01 | x |
| 2019-12-31 | AU$-0.03 | AU$0.01 | x |
| 2020-12-31 | AU$0.04 | AU$0.01 | x |
| 2021-12-31 | AU$0.06 | AU$0.01 | x |
| 2022-12-31 | AU$0.01 | AU$0.01 | x |
| 2023-12-31 | AU$0.00 | AU$0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Forbidden Foods Ltd 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): -265.77%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -92.04%
- • Asset Turnover: 1.04x
- • Equity Multiplier: 2.78x
- Recent ROE (-265.77%) is below the historical average (-119.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 12.95% | 2.12% | 2.57x | 2.38x | AU$12.35K |
| 2017 | -79.47% | -7.80% | 2.23x | 4.57x | AU$-296.20K |
| 2018 | -139.88% | -5.61% | 3.00x | 8.32x | AU$-206.26K |
| 2019 | 0.00% | -57.12% | 1.82x | 0.00x | AU$-2.14 Million |
| 2020 | -113.04% | -82.16% | 0.97x | 1.42x | AU$-3.76 Million |
| 2021 | -60.27% | -55.93% | 0.84x | 1.29x | AU$-4.29 Million |
| 2022 | -313.05% | -148.82% | 1.41x | 1.49x | AU$-5.73 Million |
| 2023 | -265.77% | -92.04% | 1.04x | 2.78x | AU$-2.41 Million |
Industry Comparison
This section compares Forbidden Foods Ltd's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $49,451,953
- Average return on equity (ROE) among peers: -17.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Forbidden Foods Ltd (FFF) | AU$3.94 Million | 12.95% | 0.48x | $4.05 Million |
| The a2 Milk Company Ltd (A2M) | $58.63 Million | -3.57% | 0.52x | $3.73 Billion |
| Australian Dairy Nutritionals Ltd (AHF) | $6.34 Million | 1.18% | 0.10x | $11.87 Million |
| Beston Global Food Company Ltd (BFC) | $79.98 Million | -14.48% | 0.82x | $4.24 Million |
| Bega Cheese Ltd (BGA) | $177.62 Million | 0.00% | 1.50x | $1.21 Billion |
| Biome Australia Ltd (BIO) | $3.59 Million | -85.84% | 1.11x | $45.68 Million |
| Bubs Australia Ltd (BUB) | $1.91 Million | -50.39% | 0.05x | $63.27 Million |
| Bioxyne Ltd (BXN) | $1.93 Million | -25.63% | 0.39x | $90.34 Million |
| Cobram Estate Olives Ltd (CBO) | $134.39 Million | 0.37% | 0.73x | $1.33 Billion |
| The Calmer Co International Ltd (CCO) | $-87.53K | 0.00% | 0.00x | $6.49 Million |
| Clover Corporation Ltd (CLV) | $30.21 Million | 7.32% | 0.32x | $114.62 Million |
About Forbidden Foods Ltd
OMG Group Limited, a food company, specializes in the sourcing and development of health focused food products under the Blue Dinosaur brand name worldwide. It serves food and beverage industry operating in retail, food service, food manufacturing, and quick service restaurants. The company sells its products through e-commerce, retailers, and physical stores. The company was formerly known as Fo… Read more