FN Factory Outlet Public Company Limited
FN Factory Outlet Public Company Limited engages in merchandising of clothing and consumer products in Thailand. The company offers beddings, blankets, mattresses, and pillows; men's and women's apparel, and underwear; sofa, bin, and towels; travel products; footwear; care products, such as alcohol sprays, baby wipes, cotton swabs, and adult and baby diapers; honey products and snacks; and leathe… Read more
FN Factory Outlet Public Company Limited (FN) - Net Assets
Latest net assets as of December 2025: ฿888.52 Million THB
Based on the latest financial reports, FN Factory Outlet Public Company Limited (FN) has net assets worth ฿888.52 Million THB as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿1.12 Billion) and total liabilities (฿236.19 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 | ฿888.52 Million |
| % of Total Assets | 79.0% |
| Annual Growth Rate | 37.81% |
| 5-Year Change | -35.19% |
| 10-Year Change | -39.35% |
| Growth Volatility | 736.87 |
FN Factory Outlet Public Company Limited - Net Assets Trend (2012–2025)
This chart illustrates how FN Factory Outlet Public Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for FN Factory Outlet Public Company Limited (2012–2025)
The table below shows the annual net assets of FN Factory Outlet Public Company Limited from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ฿888.52 Million | -7.68% |
| 2024-12-31 | ฿962.46 Million | -7.51% |
| 2023-12-31 | ฿1.04 Billion | -18.78% |
| 2022-12-31 | ฿1.28 Billion | -6.55% |
| 2021-12-31 | ฿1.37 Billion | -4.70% |
| 2020-12-31 | ฿1.44 Billion | -2.77% |
| 2019-12-31 | ฿1.48 Billion | -0.25% |
| 2018-12-31 | ฿1.48 Billion | -0.54% |
| 2017-12-31 | ฿1.49 Billion | +1.79% |
| 2016-12-31 | ฿1.47 Billion | +166.62% |
| 2015-12-31 | ฿549.50 Million | +34.95% |
| 2014-12-31 | ฿407.19 Million | +2773.06% |
| 2013-12-31 | ฿14.17 Million | +3.15% |
| 2012-12-31 | ฿13.74 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to FN Factory Outlet Public Company Limited'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 11960.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ฿1.33 Billion | 149.92% |
| Total Equity | ฿888.53 Million | 100.00% |
FN Factory Outlet Public Company Limited Competitors by Market Cap
The table below lists competitors of FN Factory Outlet Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
WIMFARM S.A. EO 1-
F:6WW
|
$2.66 Million |
|
FBS Global Limited Ordinary Shares
NASDAQ:FBGL
|
$2.66 Million |
|
Hunter Capital AB (publ)
F:2DD0
|
$2.66 Million |
|
Trench Metals Corp
V:TMC
|
$2.66 Million |
|
Grizzly Discoveries Inc
OTCQB:GZDIF
|
$2.65 Million |
|
NORTHERN SHIELD RES INC.
F:N9SA
|
$2.65 Million |
|
Fulcrum Lithium Ltd
AU:FUL
|
$2.65 Million |
|
FTIDF
PINK:FTIDF
|
$2.65 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FN Factory Outlet Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 962,469,896 to 888,529,891, a change of -73,940,005 (-7.7%).
- Net loss of 64,380,372 reduced equity.
- Other comprehensive income decreased equity by 26,365,802.
- Other factors increased equity by 16,806,169.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-64.38 Million | -7.25% |
| Other Comprehensive Income | ฿-26.37 Million | -2.97% |
| Other Changes | ฿16.81 Million | +1.89% |
| Total Change | ฿- | -7.68% |
Book Value vs Market Value Analysis
This analysis compares FN Factory Outlet Public Company Limited'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: 0.48x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 6.07x to 0.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | ฿0.07 | ฿0.43 | x |
| 2014-12-31 | ฿0.64 | ฿0.43 | x |
| 2015-12-31 | ฿174.44 | ฿0.43 | x |
| 2016-12-31 | ฿1.96 | ฿0.43 | x |
| 2017-12-31 | ฿1.49 | ฿0.43 | x |
| 2018-12-31 | ฿1.48 | ฿0.43 | x |
| 2019-12-31 | ฿1.48 | ฿0.43 | x |
| 2020-12-31 | ฿1.44 | ฿0.43 | x |
| 2021-12-31 | ฿1.37 | ฿0.43 | x |
| 2022-12-31 | ฿1.28 | ฿0.43 | x |
| 2023-12-31 | ฿1.04 | ฿0.43 | x |
| 2024-12-31 | ฿0.96 | ฿0.43 | x |
| 2025-12-31 | ฿0.89 | ฿0.43 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FN Factory Outlet Public Company Limited 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): -7.25%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -13.97%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 1.27x
- Recent ROE (-7.25%) is below the historical average (0.99%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 5.91% | 27.08% | 0.16x | 1.38x | ฿-561.33K |
| 2013 | 3.06% | 14.43% | 0.11x | 1.96x | ฿-984.21K |
| 2014 | 12.36% | 6.67% | 0.77x | 2.42x | ฿9.53 Million |
| 2015 | 26.65% | 13.29% | 1.07x | 1.87x | ฿91.48 Million |
| 2016 | 9.99% | 13.77% | 0.67x | 1.09x | ฿-148.90K |
| 2017 | 5.78% | 8.17% | 0.65x | 1.09x | ฿-62.91 Million |
| 2018 | 1.97% | 2.76% | 0.60x | 1.20x | ฿-119.12 Million |
| 2019 | 0.59% | 0.87% | 0.58x | 1.17x | ฿-139.26 Million |
| 2020 | -1.93% | -3.79% | 0.41x | 1.24x | ฿-171.58 Million |
| 2021 | -4.58% | -12.08% | 0.31x | 1.22x | ฿-199.84 Million |
| 2022 | -6.72% | -18.01% | 0.31x | 1.20x | ฿-214.18 Million |
| 2023 | -23.15% | -51.04% | 0.38x | 1.19x | ฿-344.95 Million |
| 2024 | -8.86% | -21.22% | 0.35x | 1.19x | ฿-181.51 Million |
| 2025 | -7.25% | -13.97% | 0.41x | 1.27x | ฿-153.23 Million |
Industry Comparison
This section compares FN Factory Outlet Public Company Limited's net assets metrics with peer companies in the Apparel Retail industry.
Industry Context
- Industry: Apparel Retail
- Average net assets among peers: $1,942,372,883
- Average return on equity (ROE) among peers: 1.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FN Factory Outlet Public Company Limited (FN) | ฿888.52 Million | 5.91% | 0.27x | $2.66 Million |
| BGT Corporation Public Company Limited (BGT) | $430.36 Million | -0.67% | 0.61x | $1.61 Million |
| Boutique Newcity Public Company Limited (BTNC) | $462.32 Million | 0.00% | 0.39x | $956.92K |
| I.C.C. International Public Company Limited (ICC) | $6.73 Billion | 3.14% | 0.29x | $60.66 Million |
| Newcity (Bangkok) Public Company Limited (NC) | $145.57 Million | 5.05% | 2.62x | $2.12 Million |