FG Merger II Corp. Unit (FGMCU) - Net Assets
Based on the latest financial reports, FG Merger II Corp. Unit (FGMCU) has net assets worth $82.07 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 ($82.55 Million) and total liabilities ($475.27K). 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 FG Merger II Corp. Unit balance sheet liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $82.07 Million |
| % of Total Assets | 99.42% |
| Annual Growth Rate | N/A |
| 5-Year Change | -100.1% |
| 10-Year Change | N/A |
| Growth Volatility | 467.0 |
FG Merger II Corp. Unit - Net Assets Trend (2006–2024)
This chart illustrates how FG Merger II Corp. Unit's net assets have evolved over time, based on quarterly financial data. Also explore FG Merger II Corp. Unit total assets for the complete picture of this company's asset base.
Annual Net Assets for FG Merger II Corp. Unit (2006–2024)
The table below shows the annual net assets of FG Merger II Corp. Unit from 2006 to 2024. For live valuation and market cap data, see FG Merger II Corp. Unit (FGMCU) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 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 decreased by 13318067400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $207.00 | % |
| Other Components | $148.24 Million | % |
| Total Equity | $-2.63K | 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 |
|---|---|
|
Vanachai Group Public Company Limited
BK:VNG
|
$109.25 Million |
|
Gray Television Inc
NYSE:GTN-A
|
$109.27 Million |
|
Cisadane Sawit Raya Pt
JK:CSRA
|
$109.31 Million |
|
Fabryka Obrabiarek RAFAMET S.A.
WAR:RAF
|
$109.39 Million |
|
Agora S.A.
WAR:AGO
|
$109.22 Million |
|
MegaStudy Co. Ltd
KQ:072870
|
$109.22 Million |
|
NICE Total Cash Management Co. Ltd
KQ:063570
|
$109.18 Million |
|
Harrisons Holdings (Malaysia)
KLSE:5008
|
$109.17 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 2023 to 2024, total equity changed from 4,444,168 to -2,632, a change of -4,446,800 (-100.1%).
- Net loss of 25,850 reduced equity.
- Dividend payments of 2,044,866 reduced retained earnings.
- Other comprehensive income increased equity by 376.
- Other factors decreased equity by 2,376,460.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-25.85K | -982.14% |
| Dividends Paid | $2.04 Million | -77692.48% |
| Other Comprehensive Income | $376.00 | +14.29% |
| Other Changes | $-2.38 Million | -90291.03% |
| Total Change | $- | -100.06% |
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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | $7412.53 | $10.75 | x |
| 2008-12-31 | $2556.99 | $10.75 | x |
| 2009-12-31 | $346.72 | $10.75 | x |
| 2010-12-31 | $-651.05 | $10.75 | x |
| 2011-12-31 | $-379.01 | $10.75 | x |
| 2012-12-31 | $-592.00 | $10.75 | x |
| 2013-12-31 | $-330.76 | $10.75 | x |
| 2015-12-31 | $-11.23 | $10.75 | x |
| 2018-12-31 | $-0.64 | $10.75 | x |
| 2019-12-31 | $0.24 | $10.75 | x |
| 2020-12-31 | $0.00 | $10.75 | x |
| 2021-12-31 | $0.00 | $10.75 | x |
| 2022-12-31 | $9.53 | $10.75 | x |
| 2023-12-31 | $0.60 | $10.75 | x |
| 2024-12-31 | $0.00 | $10.75 | 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.24%
- • Asset Turnover: 63.58x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-141.12%), 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 |
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: $224,857,490
- Average return on equity (ROE) among peers: 3.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FG Merger II Corp. Unit (FGMCU) | $82.07 Million | -62.60% | 0.01x | $109.24 Million |
| Artius II Acquisition Inc. Class A Ordinary Shares (AACB) | $-60.27K | 0.00% | 0.00x | $230.18 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $265.09 Million |
| Ares Acquisition Corporation II (AACT) | $11.15K | -0.14% | 45.93x | $587.05 Million |
| AA Mission Acquisition Corp. (AAM) | $1.54 Billion | 21.89% | 4.12x | $409.92K |
| 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 | $235.74 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) | $115.20 Million | 2.86% | 0.05x | $49.57 Million |
About FG Merger II Corp. Unit
FG Merger II Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. FG Merger II Corp. was incorporated in 2023 and is based in Itasca, Illinois.