FGI Industries Ltd (FGI) - Net Assets
Based on the latest financial reports, FGI Industries Ltd (FGI) has net assets worth $14.31 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($69.32 Million) and total liabilities ($55.00 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. Check how tangible is FGI Industries Ltd's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $14.31 Million |
| % of Total Assets | 20.65% |
| Annual Growth Rate | 27.57% |
| 5-Year Change | 106.76% |
| 10-Year Change | N/A |
| Growth Volatility | 161.62 |
FGI Industries Ltd - Net Assets Trend (2019–2025)
This chart illustrates how FGI Industries Ltd's net assets have evolved over time, based on quarterly financial data. See FGI cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for FGI Industries Ltd (2019–2025)
The table below shows the annual net assets of FGI Industries Ltd from 2019 to 2025. For live valuation and market cap data, see FGI Industries Ltd (FGI) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $15.61 Million | -27.62% |
| 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 decreased by 292709100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $960.00 | 0.01% |
| Other Comprehensive Income | $-1.40 Million | -8.12% |
| Other Components | $21.61 Million | 125.05% |
| Total Equity | $17.28 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 |
|---|---|
|
WAG Payment Solutions PLC
LSE:WPS
|
$8.93 Million |
|
Yoshitsu Co Ltd ADR
NASDAQ:TKLF
|
$8.93 Million |
|
Jwwinvest
WAR:JWW
|
$8.93 Million |
|
Green Technology Metals Ltd
AU:GT1
|
$8.94 Million |
|
Gaming Corps AB
ST:GCOR
|
$8.92 Million |
|
STO Co. Ltd
KQ:098660
|
$8.92 Million |
|
Kore Mining Ltd
V:KORE
|
$8.91 Million |
|
Total Transport Systems Limited
NSE:TOTAL
|
$8.91 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 2024 to 2025, total equity changed from 22,252,878 to 17,283,149, a change of -4,969,729 (-22.3%).
- Net loss of 6,139,526 reduced equity.
- Other comprehensive income increased equity by 836,614.
- Other factors increased equity by 333,183.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-6.14 Million | -35.52% |
| Other Comprehensive Income | $836.61K | +4.84% |
| Other Changes | $333.18K | +1.93% |
| Total Change | $- | -22.33% |
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: 0.51x
- 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 12.12x to 0.51x 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 | $4.62 | x |
| 2020-12-31 | $0.16 | $4.62 | x |
| 2021-12-31 | $0.79 | $4.62 | x |
| 2022-12-31 | $2.39 | $4.62 | x |
| 2023-12-31 | $2.46 | $4.62 | x |
| 2024-12-31 | $2.33 | $4.62 | x |
| 2025-12-31 | $9.01 | $4.62 | 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): -35.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.70%
- • Asset Turnover: 1.88x
- • Equity Multiplier: 4.02x
- Recent ROE (-35.52%) is below the historical average (62.18%), 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 |
| 2025 | -35.52% | -4.70% | 1.88x | 4.02x | $-7.87 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: $129,088,084
- Average return on equity (ROE) among peers: -36.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FGI Industries Ltd (FGI) | $14.31 Million | 43.40% | 3.84x | $8.92 Million |
| American Woodmark Corporation (AMWD) | $241.66 Million | 13.74% | 0.56x | $700.65 Million |
| Aterian Inc (ATER) | $36.03 Million | -206.94% | 0.72x | $11.91 Million |
| Applied UV, Inc. (AUVIQ) | $9.75 Million | -34.54% | 0.43x | $467.00 |
| Bassett Furniture Industries (BSET) | $-53.61 Million | 0.00% | 0.00x | $135.44 Million |
| Traeger Inc (COOK) | $334.87 Million | -114.12% | 1.83x | $180.82 Million |
| Crown Crafts Inc (CRWS) | $66.30 Million | 11.01% | 0.64x | $29.53 Million |
| Energy Focu (EFOI) | $38.18 Million | -19.44% | 0.21x | $18.60 Million |
| Ethan Allen Interiors Inc (ETD) | $321.87 Million | 15.44% | 1.00x | $536.15 Million |
| Flexsteel Industries Inc (FLXS) | $166.74 Million | 8.99% | 0.26x | $227.58 Million |
About FGI Industries Ltd
FGI Industries ltd., together with its subsidiaries, supplies bath and kitchen products in the United States, Canada, Europe, and internationally. It offers sanitaryware products, including toilets, sinks, pedestals, and toilet seats; wood and wood-substitute furniture for bathrooms, such as vanities, mirrors, laundry and medicine cabinets, and other storage systems; shower systems comprising sho… Read more