FGI Industries Ltd (FGI) - Net Assets
Based on the latest financial reports, FGI Industries Ltd (FGI) has net assets worth $18.44 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($73.04 Million) and total liabilities ($54.60 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 FGI total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $18.44 Million |
| % of Total Assets | 25.24% |
| Annual Growth Rate | 42.87% |
| 5-Year Change | 1307.96% |
| 10-Year Change | N/A |
| Growth Volatility | 168.38 |
FGI Industries Ltd - Net Assets Trend (2019–2024)
This chart illustrates how FGI Industries Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of FGI Industries Ltd for the complete picture of this company's asset base.
Annual Net Assets for FGI Industries Ltd (2019–2024)
The table below shows the annual net assets of FGI Industries Ltd from 2019 to 2024. For live valuation and market cap data, see FGI Industries Ltd (FGI) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $21.57 Million | -10.24% |
| 2023-12-31 | $24.03 Million | +5.64% |
| 2022-12-31 | $22.74 Million | +201.26% |
| 2021-12-31 | $7.55 Million | +392.90% |
| 2020-12-31 | $1.53 Million | -57.69% |
| 2019-12-31 | $3.62 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to FGI Industries 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 321243500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.21 Million | 14.44% |
| Common Stock | $956.00 | 0.00% |
| Other Comprehensive Income | $-2.24 Million | -10.06% |
| Other Components | $21.28 Million | 95.62% |
| Total Equity | $22.25 Million | 100.00% |
FGI Industries Ltd Competitors by Market Cap
The table below lists competitors of FGI Industries Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Roman DBDR Acquisition Corp. II Warrants
NASDAQ:DRDBW
|
$8.13 Million |
|
Simris Alg AB (publ)
ST:SIMRIS-B
|
$8.14 Million |
|
Nagambie Resources Ltd
AU:NAG
|
$8.14 Million |
|
Jeju Beer Co. Ltd.
KQ:276730
|
$8.14 Million |
|
Click Holdings Limited
NASDAQ:CLIK
|
$8.13 Million |
|
ALERIO GOLD CORP.
F:3FR0
|
$8.13 Million |
|
Orestone Mining Corp
V:ORS
|
$8.13 Million |
|
Strikepoint Gold Inc
V:SKP
|
$8.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FGI Industries Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 24,180,812 to 22,252,878, a change of -1,927,934 (-8.0%).
- Net loss of 1,201,089 reduced equity.
- Other comprehensive income decreased equity by 1,128,061.
- Other factors increased equity by 401,216.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.20 Million | -5.4% |
| Other Comprehensive Income | $-1.13 Million | -5.07% |
| Other Changes | $401.22K | +1.8% |
| Total Change | $- | -7.97% |
Book Value vs Market Value Analysis
This analysis compares FGI Industries 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: 3.63x
- 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 22.13x to 3.63x 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 | $0.38 | $8.44 | x |
| 2020-12-31 | $0.16 | $8.44 | x |
| 2021-12-31 | $0.79 | $8.44 | x |
| 2022-12-31 | $2.39 | $8.44 | x |
| 2023-12-31 | $2.46 | $8.44 | x |
| 2024-12-31 | $2.33 | $8.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FGI Industries 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): -5.40%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.91%
- • Asset Turnover: 1.75x
- • Equity Multiplier: 3.39x
- Recent ROE (-5.40%) is below the historical average (78.46%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 43.40% | 1.24% | 3.20x | 10.92x | $1.21 Million |
| 2020 | 308.86% | 3.51% | 2.99x | 29.48x | $4.58 Million |
| 2021 | 104.72% | 4.35% | 2.63x | 9.16x | $7.15 Million |
| 2022 | 16.18% | 2.28% | 2.68x | 2.65x | $1.41 Million |
| 2023 | 3.03% | 0.63% | 1.78x | 2.72x | $-1.68 Million |
| 2024 | -5.40% | -0.91% | 1.75x | 3.39x | $-3.43 Million |
Industry Comparison
This section compares FGI Industries Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $162,500,487
- Average return on equity (ROE) among peers: -18.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FGI Industries Ltd (FGI) | $18.44 Million | 43.40% | 2.96x | $8.13 Million |
| American Woodmark Corporation (AMWD) | $215.19 Million | 16.54% | 0.68x | $609.45 Million |
| Aterian Inc (ATER) | $15.21 Million | -124.81% | 0.94x | $7.79 Million |
| Applied UV, Inc. (AUVIQ) | $-1.42 Million | 0.00% | 0.00x | $467.00 |
| Bassett Furniture Industries (BSET) | $167.33 Million | -5.79% | 1.04x | $124.71 Million |
| Traeger Inc (COOK) | $475.04 Million | 6.54% | 1.08x | $117.97 Million |
| Crown Crafts Inc (CRWS) | $18.44 Million | 16.83% | 2.17x | $29.11 Million |
| Energy Focu (EFOI) | $16.79 Million | -86.06% | 0.41x | $11.08 Million |
| Ethan Allen Interiors Inc (ETD) | $350.50 Million | 23.20% | 0.37x | $529.79 Million |
| Flexsteel Industries Inc (FLXS) | $205.43 Million | -15.87% | 0.24x | $259.42 Million |
About FGI Industries Ltd
FGI Industries ltd. supplies bath and kitchen products retail, wholesale, commercial and specialty channel customers in the United States, Canada, Europe, and internationally. The company offers sanitaryware products, such as toilets, sinks, pedestals, and toilet seats; wood and wood-substitute furniture for bathrooms, including vanities, mirrors, laundry, medicine cabinets, and other storage sys… Read more