Fintech Ecosystem Development Corp
Fintech Ecosystem Development Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire companies in the financial technology development sector in South Asia. Fintech Ecosystem Development Corp. was incorporated… Read more
Fintech Ecosystem Development Corp (FEXD) - Net Assets
Latest net assets as of June 2023: $34.74 Million USD
Based on the latest financial reports, Fintech Ecosystem Development Corp (FEXD) has net assets worth $34.74 Million USD as of June 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($42.62 Million) and total liabilities ($7.89 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 | $34.74 Million |
| % of Total Assets | 81.5% |
| Annual Growth Rate | 4.57% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Fintech Ecosystem Development Corp - Net Assets Trend (2021–2022)
This chart illustrates how Fintech Ecosystem Development Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Fintech Ecosystem Development Corp (2021–2022)
The table below shows the annual net assets of Fintech Ecosystem Development Corp from 2021 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $112.45 Million | +4.56% |
| 2021-12-31 | $107.54 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fintech Ecosystem Development Corp'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 266438400.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $118.39 Million | 105.29% |
| Total Equity | $112.45 Million | 100.00% |
Fintech Ecosystem Development Corp Competitors by Market Cap
The table below lists competitors of Fintech Ecosystem Development Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EVe Mobility Acquisition Corp
NYSE MKT:EVE
|
$74.38 Million |
|
APT Satellite Holdings Limited
STU:AY8
|
$74.38 Million |
|
ZHOU HEI YA HLDG -000001
F:ZHY
|
$74.39 Million |
|
Questerre Energy Corporation
PINK:QTEYF
|
$74.39 Million |
|
Fecon Foundation Engineering and Underground Construction JSC
VN:FCN
|
$74.36 Million |
|
Dynagas LNG Partners LP
NYSE:DLNG
|
$74.36 Million |
|
Zhejiang Zone King Environmental Sci&Tech Co Ltd
SHG:688701
|
$74.35 Million |
|
ABC Taiwan Electronics
TWO:3236
|
$74.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fintech Ecosystem Development Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 107,540,176 to 112,446,800, a change of 4,906,624 (4.6%).
- Net income of 3,837,124 contributed positively to equity growth.
- Share repurchases of 1,150,000 reduced equity.
- Other factors increased equity by 2,219,500.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $3.84 Million | +3.41% |
| Share Repurchases | $1.15 Million | -1.02% |
| Other Changes | $2.22 Million | +1.97% |
| Total Change | $- | 4.56% |
Book Value vs Market Value Analysis
This analysis compares Fintech Ecosystem Development Corp'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: 863.02x
- 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 902.40x to 863.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $7.45 | $6724.00 | x |
| 2022-12-31 | $7.79 | $6724.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fintech Ecosystem Development Corp 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): 3.41%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.06x
- Recent ROE (3.41%) is above the historical average (0.83%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -1.75% | 0.00% | 0.00x | 1.09x | $-12.64 Million |
| 2022 | 3.41% | 0.00% | 0.00x | 1.06x | $-7.41 Million |
Industry Comparison
This section compares Fintech Ecosystem Development Corp's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $32,232,100
- Average return on equity (ROE) among peers: -298.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fintech Ecosystem Development Corp (FEXD) | $34.74 Million | -1.75% | 0.23x | $74.36 Million |
| Artius II Acquisition Inc. Class A Ordinary Shares (AACB) | $-60.27K | 0.00% | 0.00x | $198.37 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $205.28 Million |
| Ares Acquisition Corporation II (AACT-UN) | $-20.26K | 0.00% | 0.00x | $399.77 Million |
| AA Mission Acquisition Corp. (AAM-UN) | $33.60 Million | 281.25% | 89.15x | $349.76 Million |
| Global Acquisitions Corporation (AASP) | $-9.24 Million | 0.00% | 0.00x | $15.42 Million |
| ABV Consulting Inc (ABVN) | $-31.48K | 0.00% | 0.00x | $461.96K |
| Atlantic Coastal Acquisition Corp II (ACAB) | $297.92 Million | 0.30% | 0.04x | $2.44 Million |
| Annabidiol Corp (ACBD) | $-275.23K | 0.00% | 0.00x | $14.59K |
| ACRO Biomedical Co Ltd (ACBM) | $486.37K | -3263.24% | 0.41x | $30.04K |
| Huaizhong Health Group Inc (ADAD) | $0.00 | 0.00% | 0.00x | $3.15K |