FORIS AG
FORIS AG provides legal financial services in Germany. It offers commercial litigation funding services and monetization of disputed claims; trades in shelf companies support services for companies in England, and several other legal-related services; including corporate services, such as data maintenance in transparency register. FORIS AG was incorporated in 1996 and is based in Bonn, Germany.
FORIS AG (FRS) - Net Assets
Latest net assets as of June 2025: €16.63 Million EUR
Based on the latest financial reports, FORIS AG (FRS) has net assets worth €16.63 Million EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€19.94 Million) and total liabilities (€3.31 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 | €16.63 Million |
| % of Total Assets | 83.39% |
| Annual Growth Rate | -0.6% |
| 5-Year Change | 14.53% |
| 10-Year Change | -8.45% |
| Growth Volatility | 9.12 |
FORIS AG - Net Assets Trend (2013–2024)
This chart illustrates how FORIS AG's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for FORIS AG (2013–2024)
The table below shows the annual net assets of FORIS AG from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €18.05 Million | +18.61% |
| 2023-12-31 | €15.22 Million | +7.70% |
| 2022-12-31 | €14.13 Million | +1.09% |
| 2021-12-31 | €13.98 Million | -11.30% |
| 2020-12-31 | €15.76 Million | -10.63% |
| 2019-12-31 | €17.64 Million | +5.58% |
| 2018-12-31 | €16.71 Million | -15.24% |
| 2017-12-31 | €19.71 Million | +0.32% |
| 2016-12-31 | €19.65 Million | -0.36% |
| 2015-12-31 | €19.72 Million | +2.26% |
| 2014-12-31 | €19.29 Million | +0.02% |
| 2013-12-31 | €19.28 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to FORIS AG'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 41.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €2.50 Million | 13.83% |
| Other Components | €15.56 Million | 86.17% |
| Total Equity | €18.05 Million | 100.00% |
FORIS AG Competitors by Market Cap
The table below lists competitors of FORIS AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EAST STAR RES.PLC LS-01
F:5MM
|
$8.90 Million |
|
Artha Optimum A/S
CO:ARAOPT
|
$8.90 Million |
|
Cosmos Health Inc.
NASDAQ:COSM
|
$8.90 Million |
|
Taiwan Advanced Nanotech Inc.
TWO:6797
|
$8.90 Million |
|
NFL Biosciences SAS
PA:ALNFL
|
$8.90 Million |
|
Siam Brothers Vietnam JSC
VN:SBV
|
$8.90 Million |
|
The Glimpse Group, Inc.
NASDAQ:GGRP
|
$8.90 Million |
|
Glimpse Group Inc
NASDAQ:VRAR
|
$8.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FORIS AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 15,222,000 to 18,055,000, a change of 2,833,000 (18.6%).
- Net income of 2,913,000 contributed positively to equity growth.
- Share repurchases of 79,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €2.91 Million | +16.13% |
| Share Repurchases | €79.00K | -0.44% |
| Other Changes | €-1.00K | -0.01% |
| Total Change | €- | 18.61% |
Book Value vs Market Value Analysis
This analysis compares FORIS AG'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: 0.78x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €4.23 | €3.06 | x |
| 2018-12-31 | €3.59 | €3.06 | x |
| 2019-12-31 | €3.81 | €3.06 | x |
| 2020-12-31 | €3.40 | €3.06 | x |
| 2021-12-31 | €3.02 | €3.06 | x |
| 2022-12-31 | €3.05 | €3.06 | x |
| 2023-12-31 | €3.28 | €3.06 | x |
| 2024-12-31 | €3.92 | €3.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FORIS AG 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): 16.13%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.78%
- • Asset Turnover: 1.45x
- • Equity Multiplier: 1.14x
- Recent ROE (16.13%) is above the historical average (2.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 18.84% | 16.09% | 1.04x | 1.13x | €1.70 Million |
| 2014 | 2.59% | 2.91% | 0.80x | 1.11x | €-1.43 Million |
| 2015 | 5.31% | 5.27% | 0.92x | 1.09x | €-924.04K |
| 2016 | 3.38% | 3.60% | 0.85x | 1.10x | €-1.30 Million |
| 2017 | 6.63% | 6.18% | 0.98x | 1.09x | €-664.93K |
| 2018 | -15.19% | -12.52% | 1.07x | 1.14x | €-4.21 Million |
| 2019 | 5.64% | 4.46% | 1.15x | 1.10x | €-769.32K |
| 2020 | -8.95% | -8.29% | 0.95x | 1.14x | €-2.99 Million |
| 2021 | -12.74% | -8.58% | 1.12x | 1.33x | €-3.18 Million |
| 2022 | 1.08% | 0.69% | 1.08x | 1.44x | €-1.26 Million |
| 2023 | 7.15% | 4.72% | 1.05x | 1.45x | €-434.20K |
| 2024 | 16.13% | 9.78% | 1.45x | 1.14x | €1.11 Million |
Industry Comparison
This section compares FORIS AG's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $6,348,032,190
- Average return on equity (ROE) among peers: 14.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FORIS AG (FRS) | €16.63 Million | 18.84% | 0.20x | $8.90 Million |
| Yiren Digital Ltd (19YA) | $4.82 Billion | 21.42% | 0.61x | $89.17 Million |
| Yixin Group Limited (1YX) | $15.33 Billion | 2.42% | 1.10x | $716.43 Million |
| BFF Bank S.p.A (2BF) | $571.60 Million | 34.53% | 18.55x | $540.23 Million |
| Resurs Holding AB (publ) (4R6) | $7.57 Billion | 10.54% | 5.32x | $60.83 Million |
| Genertec Universal Medical Group Company Limited (5UM) | $17.62 Billion | 11.05% | 2.97x | $642.11 Million |
| ALBIS Leasing AG (ALG) | $18.88 Million | 21.27% | 9.03x | $12.44 Million |
| Brockhaus Capital Management AG (BKHT) | $315.34 Million | 15.55% | 1.08x | $77.40 Million |
| Shougang Concord Grand (Group) Limited (CGG) | $1.89 Billion | 1.44% | 0.23x | $23.36 Million |
| Qfin Holdings, Inc. (CKR0) | $15.22 Billion | 38.00% | 1.20x | $1.36 Billion |
| creditshelf Aktiengesellschaft (CSQ) | $128.80 Million | -10.21% | 0.88x | $2.48K |