FG Merger II Corp. Unit (FGMCU) - Net Assets
Based on the latest financial reports, FG Merger II Corp. Unit (FGMCU) has net assets worth $82.53 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($82.72 Million) and total liabilities ($194.92K). 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 FGMCU goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $82.53 Million |
| % of Total Assets | 99.76% |
| Annual Growth Rate | 13.48% |
| 5-Year Change | 1145.29% |
| 10-Year Change | N/A |
| Growth Volatility | 467.0 |
FG Merger II Corp. Unit - Net Assets Trend (2006–2025)
This chart illustrates how FG Merger II Corp. Unit's net assets have evolved over time, based on quarterly financial data. See FGMCU cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for FG Merger II Corp. Unit (2006–2025)
The table below shows the annual net assets of FG Merger II Corp. Unit from 2006 to 2025. For live valuation and market cap data, see FG Merger II Corp. Unit (FGMCU) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $82.53 Million | +3135602.17% |
| 2024-12-31 | $-2.63K | -111.34% |
| 2023-12-31 | $23.22K | -99.97% |
| 2022-12-31 | $83.76 Million | +1163.83% |
| 2021-12-31 | $6.63 Million | +146.43% |
| 2020-12-31 | $2.69 Million | +478.32% |
| 2019-12-31 | $465.00K | +148.54% |
| 2018-12-31 | $-958.00K | +18.68% |
| 2017-12-31 | $-1.18 Million | +90.91% |
| 2015-12-31 | $-12.96 Million | -1.31% |
| 2013-12-31 | $-12.79 Million | -61.48% |
| 2012-12-31 | $-7.92 Million | -208.09% |
| 2011-12-31 | $-2.57 Million | +27.82% |
| 2010-12-31 | $-3.56 Million | -478.39% |
| 2009-12-31 | $941.34K | -77.08% |
| 2008-12-31 | $4.11 Million | -44.99% |
| 2006-12-31 | $7.46 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to FG Merger II Corp. Unit'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 1544903700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $389.27K | 99.93% |
| Common Stock | $82.14 Million | 21086.21% |
| Total Equity | $389.53K | 100.00% |
FG Merger II Corp. Unit Competitors by Market Cap
The table below lists competitors of FG Merger II Corp. Unit ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Allcargo Gati Limited
NSE:ACLGATI
|
$105.06 Million |
|
DORO AB
ST:DORO
|
$105.09 Million |
|
Seoul Electronics & Telecom Co. Ltd
KQ:027040
|
$105.16 Million |
|
Advanced Analog Technology
TWO:3438
|
$105.21 Million |
|
Townsquare Media Inc
NYSE:TSQ
|
$104.99 Million |
|
Bombay Super Hybrid Seeds Limited
NSE:BSHSL
|
$104.96 Million |
|
My Humble House Hospitality Management Consulting Co Ltd
TW:2739
|
$104.96 Million |
|
Carnaby Resources Ltd
AU:CNB
|
$104.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FG Merger II Corp. Unit's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -2,632 to 389,529, a change of 392,161.
- Net income of 1,426,980 contributed positively to equity growth.
- New share issuances of 81,224,819 increased equity.
- Other factors decreased equity by 82,259,638.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.43 Million | +366.33% |
| Share Issuances | $81.22 Million | +20852.06% |
| Other Changes | $-82.26 Million | -21117.72% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares FG Merger II Corp. Unit'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: 211.49x
- 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 increased from 0.00x to 211.49x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | $7412.53 | $10.20 | x |
| 2008-12-31 | $2556.99 | $10.20 | x |
| 2009-12-31 | $346.72 | $10.20 | x |
| 2010-12-31 | $-651.05 | $10.20 | x |
| 2011-12-31 | $-379.01 | $10.20 | x |
| 2012-12-31 | $-592.00 | $10.20 | x |
| 2013-12-31 | $-330.76 | $10.20 | x |
| 2015-12-31 | $-11.23 | $10.20 | x |
| 2018-12-31 | $-0.64 | $10.20 | x |
| 2019-12-31 | $0.24 | $10.20 | x |
| 2020-12-31 | $0.00 | $10.20 | x |
| 2021-12-31 | $0.00 | $10.20 | x |
| 2022-12-31 | $9.53 | $10.20 | x |
| 2023-12-31 | $0.60 | $10.20 | x |
| 2024-12-31 | $0.00 | $10.20 | x |
| 2025-12-31 | $0.05 | $10.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FG Merger II Corp. Unit 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): 366.33%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 212.36x
- Recent ROE (366.33%) is above the historical average (-109.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -62.60% | -496.14% | 0.09x | 1.42x | $-5.42 Million |
| 2008 | -156.14% | -1089.21% | 0.07x | 2.20x | $-6.82 Million |
| 2009 | -861.16% | -2335.50% | 0.05x | 8.10x | $-8.20 Million |
| 2010 | 0.00% | -6455.86% | 0.03x | 0.00x | $-10.30 Million |
| 2011 | 0.00% | -1145.95% | 0.16x | 0.00x | $-4.76 Million |
| 2012 | 0.00% | -770.61% | 2.79x | 0.00x | $-3.80 Million |
| 2013 | 0.00% | -6855.22% | 0.20x | 0.00x | $-5.97 Million |
| 2015 | 0.00% | 532.97% | 0.55x | 0.00x | $3.25 Million |
| 2018 | 0.00% | -657.67% | 0.63x | 0.00x | $-7.07 Million |
| 2019 | -678.49% | -311.14% | 0.40x | 5.42x | $-3.20 Million |
| 2020 | 0.00% | -173.30% | 0.79x | 0.00x | $-3.68 Million |
| 2021 | 0.00% | -0.04% | 0.75x | 0.00x | $-1.47K |
| 2022 | -0.15% | -1.57% | 0.09x | 1.01x | $-8.50 Million |
| 2023 | -358.23% | -195.30% | 47.69x | 0.04x | $-16.36 Million |
| 2024 | 0.00% | -0.24% | 63.58x | 0.00x | $-25.59K |
| 2025 | 366.33% | 0.00% | 0.00x | 212.36x | $1.39 Million |
Industry Comparison
This section compares FG Merger II Corp. Unit's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $173,103,317
- Average return on equity (ROE) among peers: 3.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FG Merger II Corp. Unit (FGMCU) | $82.53 Million | -62.60% | 0.00x | $105.02 Million |
| Artius II Acquisition Inc. (AACB) | $-60.27K | 0.00% | 0.00x | $232.84 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $268.87 Million |
| Ares Acquisition Corporation II (AACT) | $502.67 Million | 0.00% | 0.05x | $587.05 Million |
| AA Mission Acquisition Corp. (AAM) | $534.70 Million | 21.49% | 3.04x | $420.70K |
| Altenergy Acquisition Corp (AEAE) | $-12.44 Million | 0.00% | 0.00x | $72.22 Million |
| Activate Energy Acquisition Corp. Class A Ordinary Share (AEAQ) | $223.53 Million | 0.00% | 0.04x | $236.21 Million |
| American Exceptionalism Acquisition Corp. A (AEXA) | $328.45 Million | 0.00% | 0.06x | $390.09 Million |
| Aimei Health Technology Co., Ltd Ordinary Share (AFJK) | $8.04 Million | 13.18% | 0.51x | $107.66 Million |
| Aifeex Nexus Acquisition Corporation (AIFE) | $86.16 Million | -0.10% | 0.01x | $91.13 Million |
| AI TRANSPORTATION ACQUISITION CORP Ordinary shares (AITR) | $60.04 Million | -0.06% | 0.02x | $86.22 Million |
About FG Merger II Corp. Unit
FG Merger II Corp. does not have significant operations. It focuses on businesses in the financial services industry. The company was incorporated in 2023 and is based in Itasca, Illinois.