Feroze1888 Mills Ltd
Feroze1888 Mills Ltd operates in Apparel, Accessories & Luxury Goods.
Feroze1888 Mills Ltd (FML) - Net Assets
Latest net assets as of March 2024: PKRs33.60 Billion PKR
Based on the latest financial reports, Feroze1888 Mills Ltd (FML) has net assets worth PKRs33.60 Billion PKR as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (PKRs77.99 Billion) and total liabilities (PKRs44.39 Billion). 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 | PKRs33.60 Billion |
| % of Total Assets | 43.09% |
| Annual Growth Rate | 16.28% |
| 5-Year Change | 82.49% |
| 10-Year Change | N/A |
| Growth Volatility | 6.5 |
Feroze1888 Mills Ltd - Net Assets Trend (2016–2023)
This chart illustrates how Feroze1888 Mills Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Feroze1888 Mills Ltd (2016–2023)
The table below shows the annual net assets of Feroze1888 Mills Ltd from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-06-30 | PKRs36.69 Billion | +22.56% |
| 2022-06-30 | PKRs29.93 Billion | +22.41% |
| 2021-06-30 | PKRs24.45 Billion | +15.63% |
| 2020-06-30 | PKRs21.15 Billion | +5.19% |
| 2019-06-30 | PKRs20.10 Billion | +24.35% |
| 2018-06-30 | PKRs16.17 Billion | +11.44% |
| 2017-06-30 | PKRs14.51 Billion | +13.63% |
| 2016-06-30 | PKRs12.77 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Feroze1888 Mills Ltd'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 285.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | PKRs27.57 Billion | 75.14% |
| Other Components | PKRs9.12 Billion | 24.86% |
| Total Equity | PKRs36.69 Billion | 100.00% |
Feroze1888 Mills Ltd Competitors by Market Cap
The table below lists competitors of Feroze1888 Mills Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bollinger Innovations, Inc.
NASDAQ:BINI
|
$1.33K |
|
Caffyns PLC
LSE:CFYN
|
$1.33K |
|
TAMBANG BATUBARA-B-
MU:TBA
|
$1.33K |
|
Block Energy PLC
LSE:BLOE
|
$1.33K |
|
Panasonic Manufacturing Philippines Corp
PSE:PMPC
|
$1.32K |
|
Safestay PLC
LSE:SSTY
|
$1.32K |
|
AFRICAN BANKING CORPORATION OF BOTSWANA LIMITED
XBOT:ACC-EQO
|
$1.32K |
|
LAFARGE AFRICA PLC
XNSA:WAPCO
|
$1.32K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Feroze1888 Mills Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 29,933,324,000 to 36,685,882,000, a change of 6,752,558,000 (22.6%).
- Net income of 8,969,458,000 contributed positively to equity growth.
- Dividend payments of 1,980,887,000 reduced retained earnings.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | PKRs8.97 Billion | +24.45% |
| Dividends Paid | PKRs1.98 Billion | -5.4% |
| Other Changes | PKRs-236.01 Million | -0.64% |
| Total Change | PKRs- | 22.56% |
Book Value vs Market Value Analysis
This analysis compares Feroze1888 Mills Ltd'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: 0.41x
- 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.
- The price-to-book ratio has decreased from 0.99x to 0.41x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | PKRs38.50 | PKRs37.94 | x |
| 2018-06-30 | PKRs42.91 | PKRs37.94 | x |
| 2019-06-30 | PKRs53.35 | PKRs37.94 | x |
| 2020-06-30 | PKRs56.12 | PKRs37.94 | x |
| 2021-06-30 | PKRs64.14 | PKRs37.94 | x |
| 2022-06-30 | PKRs74.94 | PKRs37.94 | x |
| 2023-06-30 | PKRs91.85 | PKRs37.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Feroze1888 Mills Ltd 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): 24.45%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.91%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 2.10x
- Recent ROE (24.45%) is above the historical average (20.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 29.84% | 19.38% | 1.27x | 1.21x | PKRs2.53 Billion |
| 2017 | 17.16% | 12.43% | 1.07x | 1.29x | PKRs1.04 Billion |
| 2018 | 17.02% | 12.64% | 0.93x | 1.44x | PKRs1.14 Billion |
| 2019 | 29.79% | 20.48% | 0.86x | 1.69x | PKRs3.98 Billion |
| 2020 | 13.89% | 9.41% | 0.72x | 2.04x | PKRs822.52 Million |
| 2021 | 17.63% | 10.26% | 0.81x | 2.12x | PKRs1.87 Billion |
| 2022 | 11.39% | 7.04% | 0.78x | 2.08x | PKRs415.12 Million |
| 2023 | 24.45% | 15.91% | 0.73x | 2.10x | PKRs5.30 Billion |
Industry Comparison
This section compares Feroze1888 Mills Ltd's net assets metrics with peer companies in the Textiles & Apparel industry.
Industry Context
- Industry: Textiles & Apparel
- Average net assets among peers: $36,281,034,349
- Average return on equity (ROE) among peers: 14.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Feroze1888 Mills Ltd (FML) | PKRs33.60 Billion | 29.84% | 1.32x | $1.32K |
| Bata Pakistan Ltd (BATA) | $7.44 Billion | 14.63% | 1.13x | $32.66K |
| Gul Ahmed Textile Mills Ltd (GATM) | $15.88 Billion | 22.86% | 2.49x | $660.64 |
| Ibrahim Fibres Ltd (IBFL) | $37.25 Billion | 22.77% | 0.40x | $6.51K |
| Kohinoor Textile Mills Ltd (KTML) | $32.78 Billion | 14.26% | 0.64x | $1.57K |
| Nishat Mills Ltd (NML) | $102.62 Billion | 7.61% | 0.46x | $4.67K |
| Sapphire Textile Mills Ltd (SAPT) | $21.71 Billion | 4.08% | 2.84x | $41.96K |