FORIS AG (FRS) - Net Assets
Based on the latest financial reports, FORIS AG (FRS) has net assets worth €17.14 Million EUR (≈ $20.04 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 (€20.40 Million ≈ $23.85 Million USD) and total liabilities (€3.26 Million ≈ $3.81 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 FRS tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €17.14 Million |
| % of Total Assets | 84.01% |
| 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. See FORIS AG (FRS) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for FORIS AG (2013–2024)
The table below shows the annual net assets of FORIS AG from 2013 to 2024. For live valuation and market cap data, see FORIS AG stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €18.05 Million ≈ $21.11 Million |
+18.61% |
| 2023-12-31 | €15.22 Million ≈ $17.80 Million |
+7.70% |
| 2022-12-31 | €14.13 Million ≈ $16.52 Million |
+1.09% |
| 2021-12-31 | €13.98 Million ≈ $16.35 Million |
-11.30% |
| 2020-12-31 | €15.76 Million ≈ $18.43 Million |
-10.63% |
| 2019-12-31 | €17.64 Million ≈ $20.62 Million |
+5.58% |
| 2018-12-31 | €16.71 Million ≈ $19.53 Million |
-15.24% |
| 2017-12-31 | €19.71 Million ≈ $23.04 Million |
+0.32% |
| 2016-12-31 | €19.65 Million ≈ $22.97 Million |
-0.36% |
| 2015-12-31 | €19.72 Million ≈ $23.06 Million |
+2.26% |
| 2014-12-31 | €19.29 Million ≈ $22.55 Million |
+0.02% |
| 2013-12-31 | €19.28 Million ≈ $22.54 Million |
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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 |
|---|---|
|
Gale Pacific Ltd
AU:GAP
|
$15.10 Million |
|
MOGU Inc
NYSE:MOGU
|
$15.11 Million |
|
Ohmyhome Limited Ordinary Shares
NASDAQ:OMH
|
$15.11 Million |
|
Aegis Brands Inc
TO:AEG
|
$15.12 Million |
|
Betonjaya Manunggal Tbk
JK:BTON
|
$15.10 Million |
|
Adagio Medical Holdings, Inc Common Stock
NASDAQ:ADGM
|
$15.10 Million |
|
PROSTAR HOLDINGS INC.
F:5D00
|
$15.10 Million |
|
5G Networks Ltd
AU:5GN
|
$15.10 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 | €3.08 | x |
| 2018-12-31 | €3.59 | €3.08 | x |
| 2019-12-31 | €3.81 | €3.08 | x |
| 2020-12-31 | €3.40 | €3.08 | x |
| 2021-12-31 | €3.02 | €3.08 | x |
| 2022-12-31 | €3.05 | €3.08 | x |
| 2023-12-31 | €3.28 | €3.08 | x |
| 2024-12-31 | €3.92 | €3.08 | 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: $5,744,024,885
- Average return on equity (ROE) among peers: 2.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FORIS AG (FRS) | €17.14 Million | 18.84% | 0.19x | $15.10 Million |
| Yiren Digital Ltd (19YA) | $4.49 Billion | 25.74% | 1.15x | $102.03 Million |
| Qudian Inc (1QU) | $11.92 Billion | 27.38% | 0.54x | $283.31 Million |
| Yixin Group Limited (1YX) | $16.48 Billion | 4.91% | 1.95x | $1.15 Billion |
| TRUFIN PLC (29U) | $32.45 Million | -21.79% | 0.56x | $141.30 Million |
| 51 CREDIT CARD DL-00001 (2JY) | $709.57 Million | 1.56% | 0.64x | $93.38 Million |
| CREDIT CORP. GROUP LTD. (2RC) | $825.67 Million | 6.14% | 0.60x | $490.08 Million |
| HANHUA FNCL HLDG CO.H YC1 (5HF) | $7.97 Billion | 0.15% | 0.44x | $11.63 Million |
| Genertec Universal Medical Group Company Limited (5UM) | $14.97 Billion | 11.67% | 3.11x | $1.24 Billion |
| HARMONEY CORP. LTD (6DR) | $39.84 Million | -33.12% | 20.51x | $40.54 Million |
| PREMIA FINANCE O.N. (81U) | $3.47 Million | 0.23% | 0.46x | $1.82 Million |
About 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.