Fintech Ecosystem Development Corp (FEXD) - Net Assets
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. Read FEXD total liabilities for a breakdown of total debt and financial obligations.
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. Also explore FEXD total assets for the complete picture of this company's asset base.
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. For live valuation and market cap data, see market value of Fintech Ecosystem Development Corp.
| 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 |
|---|---|
|
EMEK Elektrik Endustrisi AS
IS:EMKEL
|
$74.38 Million |
|
Fortune Information Systems Corp
TW:2468
|
$74.39 Million |
|
MFC Asset Management Public Company Limited
BK:MFC
|
$74.39 Million |
|
Autopistas del Sol
BA:AUSO
|
$74.41 Million |
|
Shanghai Lingang Holdings Co Ltd B
SHG:900928
|
$74.32 Million |
|
Welspun Investments and Commercials Limited
NSE:WELINV
|
$74.31 Million |
|
Novita S.A.
WAR:NVT
|
$74.31 Million |
|
Can One Bhd
KLSE:5105
|
$74.29 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 3,837,000 contributed positively to equity growth.
- Share repurchases of 1,150,000 reduced equity.
- Other factors increased equity by 2,219,624.
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: 934.22x
- 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 976.85x to 934.22x 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 | $7278.50 | x |
| 2022-12-31 | $7.79 | $7278.50 | 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: $229,616,302
- Average return on equity (ROE) among peers: 11.46%
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. (AACB) | $214.29 Million | 0.06% | 0.07x | $231.51 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $265.09 Million |
| Ares Acquisition Corporation II (AACT) | $528.66 Million | 4.92% | 0.04x | $587.05 Million |
| AA Mission Acquisition Corp. (AAM) | $954.70 Million | 20.65% | 1.51x | $399.13K |
| Altenergy Acquisition Corp (AEAE) | $214.04 Million | 5.44% | 0.10x | $72.25 Million |
| Activate Energy Acquisition Corp. Class A Ordinary Share (AEAQ) | $223.53 Million | 0.00% | 0.04x | $235.27 Million |
| Aimei Health Technology Co., Ltd Ordinary Share (AFJK) | $69.76 Million | 0.25% | 0.01x | $163.82 Million |
| Aifeex Nexus Acquisition Corporation (AIFE) | $86.16 Million | -0.10% | 0.01x | $91.13 Million |
| AI TRANSPORTATION ACQUISITION CORP Ordinary shares (AITR) | $-4.24K | 0.00% | 0.00x | $86.22 Million |
| Alchemy Investments Acquisition Corp 1 Class A Ordinary Shares (ALCY) | $5.09 Million | 83.40% | 1.38x | $49.04 Million |
About 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