Fortune Parts Industry Public Company Limited (FPI) - Net Assets
Based on the latest financial reports, Fortune Parts Industry Public Company Limited (FPI) has net assets worth ฿2.55 Billion THB (≈ $79.41 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿4.16 Billion ≈ $129.76 Million USD) and total liabilities (฿1.62 Billion ≈ $50.34 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 Fortune Parts Industry Public Company Li liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ฿2.55 Billion |
| % of Total Assets | 61.2% |
| Annual Growth Rate | 17.11% |
| 5-Year Change | 52.66% |
| 10-Year Change | 157.18% |
| Growth Volatility | 23.48 |
Fortune Parts Industry Public Company Limited - Net Assets Trend (2010–2024)
This chart illustrates how Fortune Parts Industry Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore FPI total asset value for the complete picture of this company's asset base.
Annual Net Assets for Fortune Parts Industry Public Company Limited (2010–2024)
The table below shows the annual net assets of Fortune Parts Industry Public Company Limited from 2010 to 2024. For live valuation and market cap data, see FPI stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ฿2.43 Billion ≈ $75.76 Million |
+6.56% |
| 2023-12-31 | ฿2.28 Billion ≈ $71.10 Million |
+7.65% |
| 2022-12-31 | ฿2.12 Billion ≈ $66.05 Million |
+17.14% |
| 2021-12-31 | ฿1.81 Billion ≈ $56.38 Million |
+13.61% |
| 2020-12-31 | ฿1.59 Billion ≈ $49.63 Million |
-1.44% |
| 2019-12-31 | ฿1.62 Billion ≈ $50.36 Million |
-3.69% |
| 2018-12-31 | ฿1.68 Billion ≈ $52.29 Million |
+26.38% |
| 2017-12-31 | ฿1.33 Billion ≈ $41.37 Million |
+22.12% |
| 2016-12-31 | ฿1.09 Billion ≈ $33.88 Million |
+14.99% |
| 2015-12-31 | ฿945.15 Million ≈ $29.46 Million |
+6.48% |
| 2014-12-31 | ฿887.64 Million ≈ $27.67 Million |
+29.11% |
| 2013-12-31 | ฿687.49 Million ≈ $21.43 Million |
+13.81% |
| 2012-12-31 | ฿604.09 Million ≈ $18.83 Million |
+97.03% |
| 2011-12-31 | ฿306.61 Million ≈ $9.56 Million |
+15.11% |
| 2010-12-31 | ฿266.36 Million ≈ $8.30 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Fortune Parts Industry 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 grown by 1755.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ฿1.23 Billion | 50.76% |
| Common Stock | ฿378.26 Million | 15.60% |
| Other Comprehensive Income | ฿39.57 Million | 1.63% |
| Other Components | ฿776.35 Million | 32.01% |
| Total Equity | ฿2.43 Billion | 100.00% |
Fortune Parts Industry Public Company Limited Competitors by Market Cap
The table below lists competitors of Fortune Parts Industry Public Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
XL Holdings Bhd
KLSE:7121
|
$77.82 Million |
|
Millie Seojae.
KQ:418470
|
$77.82 Million |
|
Great Elm Capital Corp
NASDAQ:GECC
|
$77.83 Million |
|
Johnson Chemical Pharmaceutical Works Co Ltd
TWO:4747
|
$77.86 Million |
|
An Gia Real Estate Investment and Development Corp
VN:AGG
|
$77.81 Million |
|
Inmax Holding Co Ltd
TWO:1591
|
$77.80 Million |
|
GreenMobility A/S
CO:GREENM
|
$77.76 Million |
|
Fairchem Organics Limited
NSE:FAIRCHEMOR
|
$77.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fortune Parts Industry Public Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,281,046,000 to 2,425,266,000, a change of 144,220,000 (6.3%).
- Net income of 276,225,000 contributed positively to equity growth.
- Dividend payments of 121,042,000 reduced retained earnings.
- Other comprehensive income decreased equity by 4,601,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿276.23 Million | +11.39% |
| Dividends Paid | ฿121.04 Million | -4.99% |
| Other Comprehensive Income | ฿-4.60 Million | -0.19% |
| Other Changes | ฿-6.36 Million | -0.26% |
| Total Change | ฿- | 6.32% |
Book Value vs Market Value Analysis
This analysis compares Fortune Parts Industry 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: 1.03x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.97x to 1.03x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | ฿0.33 | ฿1.65 | x |
| 2011-12-31 | ฿0.33 | ฿1.65 | x |
| 2012-12-31 | ฿0.60 | ฿1.65 | x |
| 2013-12-31 | ฿0.58 | ฿1.65 | x |
| 2014-12-31 | ฿0.74 | ฿1.65 | x |
| 2015-12-31 | ฿0.72 | ฿1.65 | x |
| 2016-12-31 | ฿0.78 | ฿1.65 | x |
| 2017-12-31 | ฿0.95 | ฿1.65 | x |
| 2018-12-31 | ฿1.17 | ฿1.65 | x |
| 2019-12-31 | ฿1.08 | ฿1.65 | x |
| 2020-12-31 | ฿1.08 | ฿1.65 | x |
| 2021-12-31 | ฿1.23 | ฿1.65 | x |
| 2022-12-31 | ฿1.42 | ฿1.65 | x |
| 2023-12-31 | ฿1.51 | ฿1.65 | x |
| 2024-12-31 | ฿1.60 | ฿1.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fortune Parts Industry 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): 11.39%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.63%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 1.73x
- Recent ROE (11.39%) is below the historical average (16.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 9.99% | 2.22% | 1.05x | 4.28x | ฿-27.51K |
| 2011 | 20.69% | 4.88% | 1.06x | 3.98x | ฿32.77 Million |
| 2012 | 26.90% | 10.83% | 0.97x | 2.56x | ฿102.12 Million |
| 2013 | 23.82% | 9.51% | 0.95x | 2.63x | ฿95.02 Million |
| 2014 | 22.45% | 11.10% | 0.81x | 2.48x | ฿110.54 Million |
| 2015 | 20.35% | 10.43% | 0.78x | 2.50x | ฿97.86 Million |
| 2016 | 26.28% | 14.38% | 0.82x | 2.23x | ฿176.98 Million |
| 2017 | 15.39% | 10.19% | 0.72x | 2.11x | ฿71.50 Million |
| 2018 | 7.48% | 6.47% | 0.76x | 1.52x | ฿-42.20 Million |
| 2019 | 11.56% | 9.09% | 0.75x | 1.71x | ฿25.23 Million |
| 2020 | 1.18% | 1.04% | 0.63x | 1.80x | ฿-140.48 Million |
| 2021 | 18.19% | 15.68% | 0.67x | 1.73x | ฿148.08 Million |
| 2022 | 19.28% | 15.38% | 0.71x | 1.76x | ฿196.67 Million |
| 2023 | 16.40% | 15.13% | 0.70x | 1.56x | ฿145.93 Million |
| 2024 | 11.39% | 10.63% | 0.62x | 1.73x | ฿33.70 Million |
Industry Comparison
This section compares Fortune Parts Industry Public Company Limited's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,203,171,480
- Average return on equity (ROE) among peers: 6.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fortune Parts Industry Public Company Limited (FPI) | ฿2.55 Billion | 9.99% | 0.63x | $77.81 Million |
| AAPICO Hitech Public Company Limited (AH) | $5.47 Billion | 11.16% | 1.30x | $139.32 Million |
| CPR Gomu Industrial PCL (CPR) | $758.04 Million | 12.32% | 0.13x | $16.75 Million |
| Chai Watana Tannery Group Public Company Limited (CWT) | $421.02 Million | -26.44% | 2.48x | $15.32 Million |
| Goodyear (Thailand) Public Company Limited (GYT) | $3.91 Billion | 9.87% | 0.32x | $42.09 Million |
| Hwa Fong Rubber (Thailand) Public Company Limited (HFT) | $3.61 Billion | 6.92% | 0.14x | $85.38 Million |
| Interhides Public Company Limited (IHL) | $708.87 Million | 20.94% | 2.03x | $26.79 Million |
| Ingress Industrial (Thailand) Public Company Limited (INGRS) | $2.55 Billion | 3.84% | 0.76x | $16.24 Million |
| Inoue Rubber (Thailand) Public Company Limited (IRC) | $1.42 Billion | 20.58% | 0.84x | $68.30 Million |
| N.D. Rubber Public Company Limited (NDR) | $982.88 Million | 2.15% | 0.28x | $17.66 Million |
About Fortune Parts Industry Public Company Limited
Fortune Parts Industry Public Company Limited manufactures and distributes automotive replacement parts in Thailand, the Kingdom of Saudi Arabia, and internationally. It offers plastic injection parts, such as grilles, bumpers, H/L doors, valance panels, side bumpers and corners, and other plastic parts; and lamp and mirror parts, including head, corner, tail, side, front, reflector tail, and fog… Read more