Fundamental Global Inc.
FG Nexus Inc. operates as a holding company, provides digital assets, merchant banking, reinsurance and managed services. It offers merchant banking, which provides strategic, administrative, and regulatory support services to newly formed SPACs; and managed services, which offers remote network operating center support, on-site field service, content delivery, installation, and other services fo… Read more
Fundamental Global Inc. (FGNXP) - Net Assets
Latest net assets as of September 2025: $231.02 Million USD
Based on the latest financial reports, Fundamental Global Inc. (FGNXP) has net assets worth $231.02 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 ($244.74 Million) and total liabilities ($13.72 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $231.02 Million |
| % of Total Assets | 94.4% |
| Annual Growth Rate | 21.14% |
| 5-Year Change | 174.13% |
| 10-Year Change | 56.18% |
| Growth Volatility | 150.11 |
Fundamental Global Inc. - Net Assets Trend (2012–2024)
This chart illustrates how Fundamental Global Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Fundamental Global Inc. (2012–2024)
The table below shows the annual net assets of Fundamental Global Inc. from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $74.20 Million | +100.49% |
| 2023-12-31 | $37.01 Million | -20.75% |
| 2022-12-31 | $46.70 Million | -10.67% |
| 2021-12-31 | $52.28 Million | +93.15% |
| 2020-12-31 | $27.07 Million | +5.28% |
| 2019-12-31 | $25.71 Million | -59.03% |
| 2018-12-31 | $62.75 Million | +34.07% |
| 2017-12-31 | $46.80 Million | +0.96% |
| 2016-12-31 | $46.36 Million | -2.42% |
| 2015-12-31 | $47.51 Million | -4.82% |
| 2014-12-31 | $49.91 Million | +533.27% |
| 2013-12-31 | $7.88 Million | +6.08% |
| 2012-12-31 | $7.43 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fundamental Global Inc.'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 10900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $29.00K | 0.04% |
| Other Comprehensive Income | $1.11 Million | 1.49% |
| Other Components | $73.29 Million | 98.78% |
| Total Equity | $74.20 Million | 100.00% |
Fundamental Global Inc. Competitors by Market Cap
The table below lists competitors of Fundamental Global Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Asia Cuanon Tech (Shanghai)
SHG:603378
|
$144.49 Million |
|
Jmicron Technology
TWO:4925
|
$144.51 Million |
|
Genfit SA
PINK:GNFTF
|
$144.56 Million |
|
United States Cellular Corporation
NYSE:USM
|
$144.59 Million |
|
DR Corporation Limited
SHE:301177
|
$144.38 Million |
|
Foghorn Therapeutics Inc
NASDAQ:FHTX
|
$144.38 Million |
|
Old Point Financial Corporation
NASDAQ:OPOF
|
$144.36 Million |
|
RCI Hospitality Holdings Inc
NASDAQ:RICK
|
$144.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fundamental Global Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 35,149,000 to 74,197,000, a change of 39,048,000 (111.1%).
- Net loss of 1,155,000 reduced equity.
- Dividend payments of 1,411,000 reduced retained earnings.
- Share repurchases of 21,000 reduced equity.
- Other comprehensive income increased equity by 5,790,000.
- Other factors increased equity by 35,845,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.16 Million | -1.56% |
| Dividends Paid | $1.41 Million | -1.9% |
| Share Repurchases | $21.00K | -0.03% |
| Other Comprehensive Income | $5.79 Million | +7.8% |
| Other Changes | $35.84 Million | +48.31% |
| Total Change | $- | 111.09% |
Book Value vs Market Value Analysis
This analysis compares Fundamental Global Inc.'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: 0.07x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $284.36 | $24.14 | x |
| 2013-12-31 | $301.66 | $24.14 | x |
| 2014-12-31 | $981.30 | $24.14 | x |
| 2015-12-31 | $944.53 | $24.14 | x |
| 2016-12-31 | $958.11 | $24.14 | x |
| 2017-12-31 | $979.93 | $24.14 | x |
| 2018-12-31 | $1269.10 | $24.14 | x |
| 2019-12-31 | $533.96 | $24.14 | x |
| 2020-12-31 | $588.78 | $24.14 | x |
| 2021-12-31 | $1253.58 | $24.14 | x |
| 2022-12-31 | $726.92 | $24.14 | x |
| 2023-12-31 | $439.36 | $24.14 | x |
| 2024-12-31 | $351.31 | $24.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fundamental Global Inc. 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): -1.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.66%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 1.48x
- Recent ROE (-1.56%) is above the historical average (-10.98%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -1.62% | -33.43% | 0.04x | 1.37x | $-863.00K |
| 2013 | -9.49% | -14.69% | 0.22x | 2.94x | $-1.54 Million |
| 2014 | 7.30% | 19.22% | 0.26x | 1.49x | $-1.35 Million |
| 2015 | -3.52% | -6.17% | 0.33x | 1.73x | $-6.42 Million |
| 2016 | 0.02% | 0.03% | 0.36x | 1.96x | $-4.62 Million |
| 2017 | 0.63% | 0.77% | 0.33x | 2.45x | $-4.39 Million |
| 2018 | 1.28% | 66.56% | 0.01x | 2.36x | $-5.47 Million |
| 2019 | 1.21% | 5.66% | 0.10x | 2.24x | $-2.26 Million |
| 2020 | -82.97% | 0.00% | -0.31x | 2.05x | $-25.16 Million |
| 2021 | -16.29% | -205.31% | 0.05x | 1.45x | $-13.74 Million |
| 2022 | 2.33% | 8.72% | 0.17x | 1.54x | $-3.58 Million |
| 2023 | -40.05% | -82.36% | 0.28x | 1.77x | $-17.59 Million |
| 2024 | -1.56% | -6.66% | 0.16x | 1.48x | $-8.57 Million |
Industry Comparison
This section compares Fundamental Global Inc.'s net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $310,488,743
- Average return on equity (ROE) among peers: -23.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fundamental Global Inc. (FGNXP) | $231.02 Million | -1.62% | 0.06x | $144.39 Million |
| Aberdeen International Inc (AABVF) | $136.31 Million | 25.56% | 0.23x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $1.39 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.43 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $605.01 Million | 3.35% | 0.58x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $85.10 Million | -65.65% | 0.01x | $77.20K |
| AGF Management Limited (AGFMF) | $1.12 Billion | 10.14% | 3.56x | $298.43 Million |
| Agronomics Limited (AGNMF) | $100.03 Million | 1.02% | 0.02x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $6.11 Million | -266.31% | 0.76x | $2.71 Million |