Festi hf (FESTI) - Net Assets
Based on the latest financial reports, Festi hf (FESTI) has net assets worth Ikr44.12 Billion ISK (≈ $359.72 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Ikr116.98 Billion ≈ $953.72 Million USD) and total liabilities (Ikr72.86 Billion ≈ $594.00 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. Read how much debt does Festi hf carry for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Ikr44.12 Billion |
| % of Total Assets | 37.72% |
| Annual Growth Rate | 14.47% |
| 5-Year Change | 46.03% |
| 10-Year Change | 462.58% |
| Growth Volatility | 31.85 |
Festi hf - Net Assets Trend (2014–2024)
This chart illustrates how Festi hf's net assets have evolved over time, based on quarterly financial data. Also explore Festi hf balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Festi hf (2014–2024)
The table below shows the annual net assets of Festi hf from 2014 to 2024. For live valuation and market cap data, see Festi hf (FESTI) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Ikr43.49 Billion ≈ $354.58 Million |
+21.35% |
| 2023-12-31 | Ikr35.84 Billion ≈ $292.21 Million |
+4.01% |
| 2022-12-31 | Ikr34.46 Billion ≈ $280.94 Million |
+1.62% |
| 2021-12-31 | Ikr33.91 Billion ≈ $276.46 Million |
+13.86% |
| 2020-12-31 | Ikr29.78 Billion ≈ $242.81 Million |
+3.82% |
| 2019-12-31 | Ikr28.69 Billion ≈ $233.88 Million |
+10.47% |
| 2018-12-31 | Ikr25.97 Billion ≈ $211.72 Million |
+88.03% |
| 2017-12-31 | Ikr13.81 Billion ≈ $112.60 Million |
+9.86% |
| 2016-12-31 | Ikr12.57 Billion ≈ $102.49 Million |
+62.62% |
| 2015-12-31 | Ikr7.73 Billion ≈ $63.03 Million |
-31.33% |
| 2014-12-31 | Ikr11.26 Billion ≈ $91.79 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Festi hf'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 695.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Ikr15.12 Billion | 34.76% |
| Other Components | Ikr28.37 Billion | 65.24% |
| Total Equity | Ikr43.49 Billion | 100.00% |
Festi hf Competitors by Market Cap
The table below lists competitors of Festi hf ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chief Telecom Inc
TWO:6561
|
$836.31 Million |
|
Jiangyin Haida Rubber and Plastic Co Ltd Class A
SHE:300320
|
$836.68 Million |
|
TEAMVIEWER USP ADR 2/1 ON
F:TMV1
|
$836.81 Million |
|
Fuxin Dare Automotive Parts Co Ltd
SHE:300473
|
$837.57 Million |
|
Hangzhou Jiebai Group Co Ltd
SHG:600814
|
$835.78 Million |
|
Jutze Intelligent Technology Co Ltd
SHE:300802
|
$835.13 Million |
|
Sung Kwang Bend Co.Ltd
KQ:014620
|
$835.09 Million |
|
Zhejiang Unifull Industrial Fibre Co Ltd
SHE:002427
|
$834.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Festi hf's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 35,842,355,000 to 43,493,197,000, a change of 7,650,842,000 (21.3%).
- Net income of 4,018,235,000 contributed positively to equity growth.
- Dividend payments of 903,761,000 reduced retained earnings.
- Other factors increased equity by 4,536,368,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Ikr4.02 Billion | +9.24% |
| Dividends Paid | Ikr903.76 Million | -2.08% |
| Other Changes | Ikr4.54 Billion | +10.43% |
| Total Change | Ikr- | 21.35% |
Book Value vs Market Value Analysis
This analysis compares Festi hf'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: 2.37x
- 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 3.81x to 2.37x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | Ikr86.93 | Ikr331.00 | x |
| 2023-12-31 | Ikr118.98 | Ikr331.00 | x |
| 2024-12-31 | Ikr139.74 | Ikr331.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Festi hf 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): 9.24%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.60%
- • Asset Turnover: 1.35x
- • Equity Multiplier: 2.64x
- Recent ROE (9.24%) is below the historical average (13.73%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 14.46% | 2.86% | 2.50x | 2.02x | Ikr501.66 Million |
| 2015 | 24.06% | 3.79% | 2.61x | 2.43x | Ikr1.09 Billion |
| 2016 | 26.87% | 10.00% | 1.32x | 2.04x | Ikr2.12 Billion |
| 2017 | 14.99% | 5.98% | 1.25x | 2.00x | Ikr689.79 Million |
| 2018 | 7.93% | 3.49% | 0.76x | 3.00x | Ikr-538.32 Million |
| 2019 | 9.74% | 3.25% | 1.06x | 2.83x | Ikr-73.28 Million |
| 2020 | 7.61% | 2.60% | 1.04x | 2.80x | Ikr-712.06 Million |
| 2021 | 14.66% | 5.04% | 1.15x | 2.54x | Ikr1.58 Billion |
| 2022 | 11.84% | 3.36% | 1.30x | 2.71x | Ikr635.76 Million |
| 2023 | 9.59% | 2.52% | 1.42x | 2.68x | Ikr-146.04 Million |
| 2024 | 9.24% | 2.60% | 1.35x | 2.64x | Ikr-331.08 Million |
Industry Comparison
This section compares Festi hf's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $7,112,028,000
- Average return on equity (ROE) among peers: 17.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Festi hf (FESTI) | Ikr44.12 Billion | 14.46% | 1.65x | $836.01 Million |
| Skel fjárfestingafélag hf. (SKEL) | $7.11 Billion | 17.74% | 1.57x | $249.63 Million |
About Festi hf
Festi hf., together with its subsidiaries, engages in the retail sale of fuel, goods, groceries and related products, and electronic equipment in Iceland. The company engages in the product storage, packaging, labelling, handling, and distribution of products; sale of household appliances and electronic equipment; leasing of non-residential real estate to retail companies; production of convenien… Read more