Fuller Smith & Turner (FSTA) - Net Assets
Based on the latest financial reports, Fuller Smith & Turner (FSTA) has net assets worth GBX413.80 Million GBX (≈ $50.35K USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX696.50 Million ≈ $84.74K USD) and total liabilities (GBX282.70 Million ≈ $34.40K 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 asset resilience ratio of Fuller Smith & Turner to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX413.80 Million |
| % of Total Assets | 59.41% |
| Annual Growth Rate | 5.12% |
| 5-Year Change | 8.48% |
| 10-Year Change | 36.82% |
| Growth Volatility | 9.37 |
Fuller Smith & Turner - Net Assets Trend (1986–2025)
This chart illustrates how Fuller Smith & Turner's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Fuller Smith & Turner for the complete picture of this company's asset base.
Annual Net Assets for Fuller Smith & Turner (1986–2025)
The table below shows the annual net assets of Fuller Smith & Turner from 1986 to 2025. For live valuation and market cap data, see market cap of Fuller Smith & Turner.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | GBX411.70 Million ≈ $50.09K |
-4.54% |
| 2024-03-31 | GBX431.30 Million ≈ $52.48K |
-2.55% |
| 2023-03-31 | GBX442.60 Million ≈ $53.85K |
-1.47% |
| 2022-03-31 | GBX449.20 Million ≈ $54.65K |
+18.37% |
| 2021-03-31 | GBX379.50 Million ≈ $46.17K |
-11.70% |
| 2020-03-31 | GBX429.80 Million ≈ $52.29K |
+26.97% |
| 2019-03-31 | GBX338.50 Million ≈ $41.19K |
+1.07% |
| 2018-03-31 | GBX334.90 Million ≈ $40.75K |
+8.14% |
| 2017-03-31 | GBX309.70 Million ≈ $37.68K |
+2.92% |
| 2016-03-31 | GBX300.90 Million ≈ $36.61K |
+6.82% |
| 2015-03-31 | GBX281.70 Million ≈ $34.27K |
+1.62% |
| 2014-03-31 | GBX277.20 Million ≈ $33.73K |
+6.86% |
| 2013-03-31 | GBX259.40 Million ≈ $31.56K |
+10.24% |
| 2012-03-31 | GBX235.30 Million ≈ $28.63K |
-0.38% |
| 2011-03-31 | GBX236.20 Million ≈ $28.74K |
+14.00% |
| 2010-03-31 | GBX207.20 Million ≈ $25.21K |
+5.18% |
| 2009-03-31 | GBX197.00 Million ≈ $23.97K |
-0.35% |
| 2008-03-31 | GBX197.70 Million ≈ $24.05K |
+8.21% |
| 2007-03-31 | GBX182.70 Million ≈ $22.23K |
+17.37% |
| 2006-03-31 | GBX155.66 Million ≈ $18.94K |
+2.22% |
| 2005-03-31 | GBX152.28 Million ≈ $18.53K |
-4.69% |
| 2004-03-31 | GBX159.77 Million ≈ $19.44K |
+5.70% |
| 2003-03-31 | GBX151.16 Million ≈ $18.39K |
-2.18% |
| 2002-03-31 | GBX154.52 Million ≈ $18.80K |
+1.41% |
| 2001-03-31 | GBX152.37 Million ≈ $18.54K |
+5.43% |
| 2000-03-31 | GBX144.52 Million ≈ $17.58K |
+4.23% |
| 1999-03-31 | GBX138.65 Million ≈ $16.87K |
+8.31% |
| 1998-03-31 | GBX128.01 Million ≈ $15.58K |
+6.02% |
| 1997-03-31 | GBX120.74 Million ≈ $14.69K |
+2.48% |
| 1996-03-31 | GBX117.82 Million ≈ $14.34K |
+6.24% |
| 1995-03-31 | GBX110.90 Million ≈ $13.49K |
+6.56% |
| 1994-03-31 | GBX104.07 Million ≈ $12.66K |
-7.15% |
| 1993-03-31 | GBX112.09 Million ≈ $13.64K |
+3.08% |
| 1992-03-31 | GBX108.74 Million ≈ $13.23K |
+4.32% |
| 1991-03-31 | GBX104.23 Million ≈ $12.68K |
+4.59% |
| 1990-03-31 | GBX99.66 Million ≈ $12.13K |
+44.76% |
| 1989-03-31 | GBX68.84 Million ≈ $8.38K |
+5.67% |
| 1988-03-31 | GBX65.15 Million ≈ $7.93K |
+5.34% |
| 1987-03-31 | GBX61.84 Million ≈ $7.52K |
+5.16% |
| 1986-03-31 | GBX58.80 Million ≈ $7.15K |
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Equity Component Analysis
This analysis shows how different components contribute to Fuller Smith & Turner'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 959.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX359.50 Million | 87.32% |
| Common Stock | GBX23.80 Million | 5.78% |
| Other Components | GBX28.40 Million | 6.90% |
| Total Equity | GBX411.70 Million | 100.00% |
Fuller Smith & Turner Competitors by Market Cap
The table below lists competitors of Fuller Smith & Turner ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eneco Refresh Ltd
AU:ERG
|
$2.51 Million |
|
Barbara Bui SA
PA:BUI
|
$2.51 Million |
|
Proteak Uno S.A.B. de C.V
MX:TEAKCPO
|
$2.51 Million |
|
Supply@Me Capital PLC
LSE:SYME
|
$2.51 Million |
|
SRT Marine Systems plc
LSE:SRT
|
$2.50 Million |
|
Odd Burger Corp
V:ODD
|
$2.49 Million |
|
Visionary Education Technology Holdings Group Inc.
NASDAQ:GV
|
$2.49 Million |
|
TT Electronics Plc
LSE:TTG
|
$2.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fuller Smith & Turner's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 431,300,000 to 411,700,000, a change of -19,600,000 (-4.5%).
- Net income of 27,200,000 contributed positively to equity growth.
- Dividend payments of 10,800,000 reduced retained earnings.
- Share repurchases of 23,900,000 reduced equity.
- New share issuances of 100,000 increased equity.
- Other comprehensive income decreased equity by 3,700,000.
- Other factors decreased equity by 8,500,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX27.20 Million | +6.61% |
| Dividends Paid | GBX10.80 Million | -2.62% |
| Share Repurchases | GBX23.90 Million | -5.81% |
| Share Issuances | GBX100.00K | +0.02% |
| Other Comprehensive Income | GBX-3.70 Million | -0.9% |
| Other Changes | GBX-8.50 Million | -2.06% |
| Total Change | GBX- | -4.54% |
Book Value vs Market Value Analysis
This analysis compares Fuller Smith & Turner'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: 91.12x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 679.66x to 91.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-03-31 | GBX0.95 | GBX648.00 | x |
| 1987-03-31 | GBX1.34 | GBX648.00 | x |
| 1988-03-31 | GBX1.06 | GBX648.00 | x |
| 1989-03-31 | GBX1.40 | GBX648.00 | x |
| 1990-03-31 | GBX1.63 | GBX648.00 | x |
| 1991-03-31 | GBX2.03 | GBX648.00 | x |
| 1992-03-31 | GBX2.12 | GBX648.00 | x |
| 1993-03-31 | GBX2.19 | GBX648.00 | x |
| 1994-03-31 | GBX1.69 | GBX648.00 | x |
| 1995-03-31 | GBX1.79 | GBX648.00 | x |
| 1996-03-31 | GBX1.90 | GBX648.00 | x |
| 1997-03-31 | GBX1.94 | GBX648.00 | x |
| 1998-03-31 | GBX2.03 | GBX648.00 | x |
| 1999-03-31 | GBX2.18 | GBX648.00 | x |
| 2000-03-31 | GBX2.27 | GBX648.00 | x |
| 2001-03-31 | GBX2.40 | GBX648.00 | x |
| 2002-03-31 | GBX2.43 | GBX648.00 | x |
| 2003-03-31 | GBX2.48 | GBX648.00 | x |
| 2004-03-31 | GBX2.82 | GBX648.00 | x |
| 2005-03-31 | GBX2.69 | GBX648.00 | x |
| 2006-03-31 | GBX2.75 | GBX648.00 | x |
| 2007-03-31 | GBX3.23 | GBX648.00 | x |
| 2008-03-31 | GBX3.50 | GBX648.00 | x |
| 2009-03-31 | GBX3.50 | GBX648.00 | x |
| 2010-03-31 | GBX3.65 | GBX648.00 | x |
| 2011-03-31 | GBX4.12 | GBX648.00 | x |
| 2012-03-31 | GBX4.13 | GBX648.00 | x |
| 2013-03-31 | GBX4.61 | GBX648.00 | x |
| 2014-03-31 | GBX4.90 | GBX648.00 | x |
| 2015-03-31 | GBX5.06 | GBX648.00 | x |
| 2016-03-31 | GBX5.44 | GBX648.00 | x |
| 2017-03-31 | GBX5.60 | GBX648.00 | x |
| 2018-03-31 | GBX6.10 | GBX648.00 | x |
| 2019-03-31 | GBX6.12 | GBX648.00 | x |
| 2020-03-31 | GBX7.80 | GBX648.00 | x |
| 2021-03-31 | GBX6.87 | GBX648.00 | x |
| 2022-03-31 | GBX7.28 | GBX648.00 | x |
| 2023-03-31 | GBX7.26 | GBX648.00 | x |
| 2024-03-31 | GBX7.13 | GBX648.00 | x |
| 2025-03-31 | GBX7.11 | GBX648.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fuller Smith & Turner 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): 6.61%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.23%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.70x
- Recent ROE (6.61%) is below the historical average (6.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 5.99% | 8.42% | 0.56x | 1.27x | GBX-2.30 Million |
| 1987 | 6.99% | 9.38% | 0.60x | 1.23x | GBX-1.81 Million |
| 1988 | 6.77% | 8.77% | 0.62x | 1.24x | GBX-2.05 Million |
| 1989 | 7.50% | 9.52% | 0.59x | 1.33x | GBX-1.68 Million |
| 1990 | 6.26% | 10.31% | 0.49x | 1.24x | GBX-3.67 Million |
| 1991 | 5.85% | 8.59% | 0.54x | 1.26x | GBX-4.25 Million |
| 1992 | 5.79% | 8.14% | 0.57x | 1.24x | GBX-4.51 Million |
| 1993 | 5.22% | 7.04% | 0.60x | 1.23x | GBX-5.28 Million |
| 1994 | 5.54% | 6.88% | 0.65x | 1.24x | GBX-4.57 Million |
| 1995 | 5.73% | 7.34% | 0.64x | 1.23x | GBX-4.67 Million |
| 1996 | 6.44% | 8.18% | 0.64x | 1.23x | GBX-4.14 Million |
| 1997 | 6.44% | 7.51% | 0.69x | 1.25x | GBX-4.24 Million |
| 1998 | 6.26% | 6.92% | 0.64x | 1.42x | GBX-4.73 Million |
| 1999 | 7.21% | 7.73% | 0.67x | 1.39x | GBX-3.82 Million |
| 2000 | 6.67% | 6.69% | 0.72x | 1.38x | GBX-4.77 Million |
| 2001 | 9.53% | 11.22% | 0.61x | 1.40x | GBX-711.60K |
| 2002 | 3.83% | 4.43% | 0.63x | 1.38x | GBX-9.43 Million |
| 2003 | 7.73% | 8.48% | 0.65x | 1.39x | GBX-3.44 Million |
| 2004 | 8.65% | 9.85% | 0.63x | 1.39x | GBX-2.16 Million |
| 2005 | 7.71% | 9.07% | 0.56x | 1.52x | GBX-3.48 Million |
| 2006 | 6.67% | 7.15% | 0.38x | 2.43x | GBX-5.19 Million |
| 2007 | 15.93% | 16.33% | 0.47x | 2.09x | GBX10.83 Million |
| 2008 | 9.66% | 9.40% | 0.54x | 1.91x | GBX-670.00K |
| 2009 | 4.52% | 4.24% | 0.55x | 1.93x | GBX-10.80 Million |
| 2010 | 9.27% | 8.43% | 0.55x | 1.99x | GBX-1.52 Million |
| 2011 | 10.50% | 10.25% | 0.58x | 1.75x | GBX1.18 Million |
| 2012 | 10.07% | 9.37% | 0.52x | 2.05x | GBX170.00K |
| 2013 | 11.30% | 10.79% | 0.56x | 1.88x | GBX3.36 Million |
| 2014 | 10.50% | 10.10% | 0.56x | 1.86x | GBX1.38 Million |
| 2015 | 9.97% | 8.83% | 0.58x | 1.96x | GBX-80.00K |
| 2016 | 10.74% | 9.36% | 0.56x | 2.05x | GBX2.27 Million |
| 2017 | 10.45% | 8.34% | 0.59x | 2.14x | GBX1.42 Million |
| 2018 | 10.57% | 11.88% | 0.45x | 1.96x | GBX1.92 Million |
| 2019 | 5.70% | 5.94% | 0.46x | 2.09x | GBX-14.55 Million |
| 2020 | -0.35% | -0.47% | 0.39x | 1.89x | GBX-44.48 Million |
| 2021 | -12.83% | -66.53% | 0.10x | 2.01x | GBX-86.65 Million |
| 2022 | 1.58% | 2.80% | 0.33x | 1.71x | GBX-37.82 Million |
| 2023 | 1.78% | 2.35% | 0.45x | 1.70x | GBX-36.36 Million |
| 2024 | 2.11% | 2.53% | 0.50x | 1.68x | GBX-34.03 Million |
| 2025 | 6.61% | 7.23% | 0.54x | 1.70x | GBX-13.97 Million |
Industry Comparison
This section compares Fuller Smith & Turner's net assets metrics with peer companies in the Restaurants industry.
Industry Context
- Industry: Restaurants
- Average net assets among peers: $373,325,563
- Average return on equity (ROE) among peers: -35.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fuller Smith & Turner (FSTA) | GBX413.80 Million | 5.99% | 0.68x | $2.50 Million |
| Comptoir Group PLC (COM) | $2.47 Million | -327.44% | 13.34x | $85.82K |
| Compass Group PLC (CPG) | $3.07 Billion | 21.97% | 1.69x | $5.84 Million |
| Domino’s Pizza Group PLC (DOM) | $-58.60 Million | 0.00% | 0.00x | $9.05 Million |
| DP Poland Plc (DPP) | $5.70 Million | -6.72% | 0.05x | $918.62K |
| daVictus plc (DVT) | $608.87K | -36.68% | 0.04x | $6.09K |
| Greggs PLC (GRG) | $8.61 Million | 17.55% | 1.22x | $18.79 Million |
| Heavitree Brewery (HVT) | $14.17 Million | 1.66% | 0.11x | $46.73K |
| Heavitree Brewery A (HVTA) | $25.00 Million | 3.56% | 0.22x | $72.76K |
| J D Wetherspoon PLC (JDW) | $288.95 Million | 10.13% | 1.87x | $7.50 Million |
About Fuller Smith & Turner
Fuller, Smith & Turner P.L.C. operates pubs and hotels in the United Kingdom. It operates through Managed Pubs and Hotels, and Tenanted Inns segments. The company also operates pubs operated by third parties under tenancy or lease agreements; Bel & The Dragon, Cotswold Inns & Hotels, and Lovely Pubs; and managed houses services. Fuller, Smith & Turner P.L.C. was founded in 1845 and is based in Lo… Read more