FN Factory Outlet Public Company Limited (FN) - Net Assets

Latest as of December 2025: ฿888.52 Million THB ≈ $27.69 Million USD

Based on the latest financial reports, FN Factory Outlet Public Company Limited (FN) has net assets worth ฿888.52 Million THB (≈ $27.69 Million USD) 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 ≈ $35.06 Million USD) and total liabilities (฿236.19 Million ≈ $7.36 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 FN Factory Outlet Public Company Limited (FN) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore FN total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see FN Factory Outlet Public Company Limited market cap and net worth.

Year	Net Assets	Change
2025-12-31	฿888.52 Million ≈ $27.69 Million	-7.68%
2024-12-31	฿962.46 Million ≈ $30.00 Million	-7.51%
2023-12-31	฿1.04 Billion ≈ $32.44 Million	-18.78%
2022-12-31	฿1.28 Billion ≈ $39.94 Million	-6.55%
2021-12-31	฿1.37 Billion ≈ $42.73 Million	-4.70%
2020-12-31	฿1.44 Billion ≈ $44.84 Million	-2.77%
2019-12-31	฿1.48 Billion ≈ $46.12 Million	-0.25%
2018-12-31	฿1.48 Billion ≈ $46.23 Million	-0.54%
2017-12-31	฿1.49 Billion ≈ $46.48 Million	+1.79%
2016-12-31	฿1.47 Billion ≈ $45.66 Million	+166.62%
2015-12-31	฿549.50 Million ≈ $17.13 Million	+34.95%
2014-12-31	฿407.19 Million ≈ $12.69 Million	+2773.06%
2013-12-31	฿14.17 Million ≈ $441.75K	+3.15%
2012-12-31	฿13.74 Million ≈ $428.25K	--

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
Steady Safe TBK PT JK:SAFE	$15.59 Million
Mida Leasing Public Company Limited BK:ML	$15.60 Million
LogProstyle Inc. NYSE MKT:LGPS	$15.60 Million
CHARWOOD ENERGY EO -01 F:L5Q	$15.60 Million
Soder Sportfiske AB ST:SODER	$15.57 Million
Poxel SA PA:POXEL	$15.56 Million
Han Kook Steel KO:025890	$15.56 Million
Havsfrun Investment AB (publ) ST:HAV-B	$15.55 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: 0.56x
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 7.06x to 0.56x 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	฿0.50	x
2014-12-31	฿0.64	฿0.50	x
2015-12-31	฿174.44	฿0.50	x
2016-12-31	฿1.96	฿0.50	x
2017-12-31	฿1.49	฿0.50	x
2018-12-31	฿1.48	฿0.50	x
2019-12-31	฿1.48	฿0.50	x
2020-12-31	฿1.44	฿0.50	x
2021-12-31	฿1.37	฿0.50	x
2022-12-31	฿1.28	฿0.50	x
2023-12-31	฿1.04	฿0.50	x
2024-12-31	฿0.96	฿0.50	x
2025-12-31	฿0.89	฿0.50	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: $5,283,934,387
Average return on equity (ROE) among peers: 2.11%

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	$15.58 Million
BGT Corporation Public Company Limited (BGT)	$413.79 Million	-8.65%	1.61x	$4.19 Million
Boutique Newcity Public Company Limited (BTNC)	$459.21 Million	2.40%	0.59x	$5.80 Million
I.C.C. International Public Company Limited (ICC)	$19.91 Billion	4.25%	0.17x	$380.26 Million
Newcity (Bangkok) Public Company Limited (NC)	$352.09 Million	10.44%	0.83x	$9.08 Million

About FN Factory Outlet Public Company Limited

BK:FN Thailand Apparel Retail

Market Cap

$15.58 Million

฿500.00 Million THB

Market Cap Rank

#25741 Global

#524 in Thailand

Share Price

฿0.50

Change (1 day)

+2.04%

52-Week Range

฿0.40 - ฿0.62

All Time High

฿9.20