First Farms A/S
FirstFarms A/S, through its subsidiaries, engages in the agriculture and food products businesses in Denmark, the Czech Republic, Slovakia, Hungary, and Romania. It is involved in the milk production and pig production business; and development of land portfolio. The company also produces crops, such as wheat, rapeseed, maize, lupine, sunflower, rye, sugar beets, grass, poppy, soybean, barley, pu… Read more
First Farms A/S (FFARMS) - Net Assets
Latest net assets as of September 2025: Dkr912.85 Million DKK
Based on the latest financial reports, First Farms A/S (FFARMS) has net assets worth Dkr912.85 Million DKK as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Dkr1.70 Billion) and total liabilities (Dkr784.70 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 | Dkr912.85 Million |
| % of Total Assets | 53.77% |
| Annual Growth Rate | 27.41% |
| 5-Year Change | 69.43% |
| 10-Year Change | 167.55% |
| Growth Volatility | 1128.18 |
First Farms A/S - Net Assets Trend (2005–2024)
This chart illustrates how First Farms A/S's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for First Farms A/S (2005–2024)
The table below shows the annual net assets of First Farms A/S from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Dkr819.15 Million | +13.43% |
| 2023-12-31 | Dkr722.20 Million | +5.73% |
| 2022-12-31 | Dkr683.06 Million | +28.85% |
| 2021-12-31 | Dkr530.13 Million | +9.65% |
| 2020-12-31 | Dkr483.48 Million | +23.24% |
| 2019-12-31 | Dkr392.31 Million | +6.00% |
| 2018-12-31 | Dkr370.12 Million | +17.47% |
| 2017-12-31 | Dkr315.07 Million | +7.60% |
| 2016-12-31 | Dkr292.82 Million | -4.36% |
| 2015-12-31 | Dkr306.17 Million | -6.86% |
| 2014-12-31 | Dkr328.73 Million | +2.47% |
| 2013-12-31 | Dkr320.82 Million | +0.76% |
| 2012-12-31 | Dkr318.41 Million | -8.50% |
| 2011-12-31 | Dkr348.00 Million | +2.09% |
| 2010-12-31 | Dkr340.88 Million | -3.18% |
| 2009-12-31 | Dkr352.09 Million | -10.81% |
| 2008-12-31 | Dkr394.79 Million | -7.13% |
| 2007-12-31 | Dkr425.10 Million | +0.39% |
| 2006-12-31 | Dkr423.44 Million | +5056.42% |
| 2005-12-31 | Dkr8.21 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Farms A/S'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 75649600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Dkr756.50 Million | 92.36% |
| Common Stock | Dkr111.46 Million | 13.61% |
| Other Comprehensive Income | Dkr-48.86 Million | -5.97% |
| Total Equity | Dkr819.10 Million | 100.00% |
First Farms A/S Competitors by Market Cap
The table below lists competitors of First Farms A/S ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
VELA TECHNOL.PLC LS-0001
F:IBNN
|
$28.70 Million |
|
Sareum Hldgs Plc
LSE:SAR
|
$28.71 Million |
|
ClearSign Combustion Corporation
NASDAQ:CLIR
|
$28.71 Million |
|
SIKRI GROUP ASA NK-02
F:57U0
|
$28.71 Million |
|
Ceres Global Ag Corp
PINK:CERGF
|
$28.68 Million |
|
Artifex Mundi SA
WAR:ART
|
$28.67 Million |
|
Batavia Prosperindo Int
JK:BPII
|
$28.66 Million |
|
Crest Ventures Limited
NSE:CREST
|
$28.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Farms A/S's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 722,196,000 to 819,095,000, a change of 96,899,000 (13.4%).
- Net income of 16,349,000 contributed positively to equity growth.
- Share repurchases of 8,612,000 reduced equity.
- New share issuances of 102,483,000 increased equity.
- Other comprehensive income decreased equity by 14,385,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Dkr16.35 Million | +2.0% |
| Share Repurchases | Dkr8.61 Million | -1.05% |
| Share Issuances | Dkr102.48 Million | +12.51% |
| Other Comprehensive Income | Dkr-14.38 Million | -1.76% |
| Other Changes | Dkr1.06 Million | +0.13% |
| Total Change | Dkr- | 13.42% |
Book Value vs Market Value Analysis
This analysis compares First Farms A/S'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: 1.07x
- 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 0.78x to 1.07x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | Dkr89.86 | Dkr70.00 | x |
| 2007-12-31 | Dkr90.21 | Dkr70.00 | x |
| 2008-12-31 | Dkr83.71 | Dkr70.00 | x |
| 2009-12-31 | Dkr74.72 | Dkr70.00 | x |
| 2010-12-31 | Dkr72.34 | Dkr70.00 | x |
| 2011-12-31 | Dkr73.85 | Dkr70.00 | x |
| 2012-12-31 | Dkr67.57 | Dkr70.00 | x |
| 2013-12-31 | Dkr68.08 | Dkr70.00 | x |
| 2014-12-31 | Dkr69.76 | Dkr70.00 | x |
| 2015-12-31 | Dkr55.68 | Dkr70.00 | x |
| 2016-12-31 | Dkr46.62 | Dkr70.00 | x |
| 2017-12-31 | Dkr61.43 | Dkr70.00 | x |
| 2018-12-31 | Dkr42.44 | Dkr70.00 | x |
| 2019-12-31 | Dkr44.67 | Dkr70.00 | x |
| 2020-12-31 | Dkr48.19 | Dkr70.00 | x |
| 2021-12-31 | Dkr52.63 | Dkr70.00 | x |
| 2022-12-31 | Dkr67.10 | Dkr70.00 | x |
| 2023-12-31 | Dkr71.04 | Dkr70.00 | x |
| 2024-12-31 | Dkr65.41 | Dkr70.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Farms A/S 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): 2.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.58%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 2.06x
- Recent ROE (2.00%) is above the historical average (0.20%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -0.46% | -15.65% | 0.02x | 1.19x | Dkr-44.31 Million |
| 2007 | 1.10% | 6.57% | 0.14x | 1.17x | Dkr-37.83 Million |
| 2008 | -5.38% | -25.83% | 0.16x | 1.34x | Dkr-60.71 Million |
| 2009 | -10.53% | -35.64% | 0.20x | 1.46x | Dkr-72.28 Million |
| 2010 | -2.72% | -7.89% | 0.24x | 1.45x | Dkr-43.36 Million |
| 2011 | 2.59% | 6.96% | 0.26x | 1.43x | Dkr-25.80 Million |
| 2012 | -8.62% | -25.38% | 0.23x | 1.47x | Dkr-59.28 Million |
| 2013 | 0.87% | 2.45% | 0.23x | 1.52x | Dkr-29.29 Million |
| 2014 | 2.69% | 7.06% | 0.25x | 1.54x | Dkr-24.05 Million |
| 2015 | -7.18% | -19.65% | 0.21x | 1.72x | Dkr-52.59 Million |
| 2016 | -4.42% | -9.95% | 0.25x | 1.76x | Dkr-42.24 Million |
| 2017 | 1.07% | 1.76% | 0.31x | 1.96x | Dkr-28.15 Million |
| 2018 | 2.20% | 3.27% | 0.32x | 2.09x | Dkr-28.88 Million |
| 2019 | 5.72% | 6.84% | 0.31x | 2.73x | Dkr-16.81 Million |
| 2020 | 5.13% | 7.93% | 0.27x | 2.36x | Dkr-23.55 Million |
| 2021 | 6.56% | 9.39% | 0.34x | 2.07x | Dkr-18.26 Million |
| 2022 | 9.58% | 15.54% | 0.31x | 1.96x | Dkr-2.84 Million |
| 2023 | 3.61% | 5.64% | 0.31x | 2.09x | Dkr-46.18 Million |
| 2024 | 2.00% | 3.58% | 0.27x | 2.06x | Dkr-65.56 Million |
Industry Comparison
This section compares First Farms A/S's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $232,468,000
- Average return on equity (ROE) among peers: 17.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Farms A/S (FFARMS) | Dkr912.85 Million | -0.46% | 0.86x | $28.70 Million |
| UIE PLC (UIE) | $232.47 Million | 17.14% | 0.00x | $656.42 Million |