BingEx Ltd (FLX) - Net Assets
Based on the latest financial reports, BingEx Ltd (FLX) has net assets worth $783.49 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 ($1.18 Billion) and total liabilities ($399.94 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 BingEx Ltd's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $783.49 Million |
| % of Total Assets | 66.2% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
BingEx Ltd - Net Assets Trend (2019–2025)
This chart illustrates how BingEx Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of BingEx Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for BingEx Ltd (2019–2025)
The table below shows the annual net assets of BingEx Ltd from 2019 to 2025. For live valuation and market cap data, see FLX market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $835.96 Million | +11.90% |
| 2024-12-31 | $747.06 Million | +130.72% |
| 2023-12-31 | $-2.43 Billion | -3.26% |
| 2022-12-31 | $-2.35 Billion | -25.63% |
| 2021-12-31 | $-1.87 Billion | -26.67% |
| 2020-12-31 | $-1.48 Billion | -15.68% |
| 2019-12-31 | $-1.28 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to BingEx 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 122273200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $3.29 Billion | 393.84% |
| Total Equity | $835.96 Million | 100.00% |
BingEx Ltd Competitors by Market Cap
The table below lists competitors of BingEx Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fortinova Fastigheter AB Series B
ST:FNOVA-B
|
$125.76 Million |
|
PPX Mining Corp
V:PPX
|
$125.78 Million |
|
Alkim Alkali Kimya AS
IS:ALKIM
|
$125.78 Million |
|
Wallbridge Mining Company Limited
TO:WM
|
$125.82 Million |
|
BARKBY GRP PLC LS 000860
F:3WY
|
$125.67 Million |
|
Resources Connection Inc
F:RCO
|
$125.65 Million |
|
Karex Berhad
KLSE:5247
|
$125.63 Million |
|
Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS
IS:ORMA
|
$125.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BingEx Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 747,064,000 to 835,958,987, a change of 88,894,987 (11.9%).
- Net income of 109,429,000 contributed positively to equity growth.
- Share repurchases of 54,790,000 reduced equity.
- Other comprehensive income increased equity by 92,139,000.
- Other factors decreased equity by 57,883,013.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $109.43 Million | +13.09% |
| Share Repurchases | $54.79 Million | -6.55% |
| Other Comprehensive Income | $92.14 Million | +11.02% |
| Other Changes | $-57.88 Million | -6.92% |
| Total Change | $- | 11.90% |
Book Value vs Market Value Analysis
This analysis compares BingEx 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: 0.06x
- 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 |
|---|---|---|---|
| 2019-12-31 | $-18.01 | $2.17 | x |
| 2020-12-31 | $-20.84 | $2.17 | x |
| 2021-12-31 | $-26.39 | $2.17 | x |
| 2022-12-31 | $-33.16 | $2.17 | x |
| 2023-12-31 | $-102.72 | $2.17 | x |
| 2024-12-31 | $31.51 | $2.17 | x |
| 2025-12-31 | $36.08 | $2.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BingEx 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): 13.09%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.74%
- • Asset Turnover: 3.10x
- • Equity Multiplier: 1.54x
- Recent ROE (13.09%) is above the historical average (-0.93%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | -25.77% | 3.26x | 0.00x | $-307.72 Million |
| 2020 | 0.00% | -10.21% | 5.51x | 0.00x | $-57.72 Million |
| 2021 | 0.00% | -9.57% | 3.35x | 0.00x | $-103.55 Million |
| 2022 | 0.00% | -4.51% | 4.34x | 0.00x | $55.05 Million |
| 2023 | 0.00% | 2.44% | 4.53x | 0.00x | $353.67 Million |
| 2024 | -19.61% | -3.28% | 3.62x | 1.65x | $-221.19 Million |
| 2025 | 13.09% | 2.74% | 3.10x | 1.54x | $25.83 Million |
Industry Comparison
This section compares BingEx Ltd's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $167,372,105
- Average return on equity (ROE) among peers: 11.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BingEx Ltd (FLX) | $783.49 Million | 0.00% | 0.51x | $125.72 Million |
| Addentax Group Corp (ATXG) | $-1.10 Million | 0.00% | 0.00x | $3.30 Million |
| Armlogi Holding Corp. Common Stock (BTOC) | $25.31 Million | 55.00% | 2.50x | $14.92 Million |
| CH Robinson Worldwide Inc (CHRW) | $1.04 Billion | 31.11% | 0.74x | $21.83 Billion |
| Tianci International, Inc. Common Stock (CIIT) | $-32.66K | 0.00% | 0.00x | $2.25 Million |
| Callan JMB Inc. Common Stock (CJMB) | $8.80 Million | 24.80% | 0.10x | $4.27 Million |
| Freightos Limited Ordinary shares (CRGO) | $34.92 Million | -46.85% | 0.55x | $77.53 Million |
| Cheetah Net Supply Chain Service Inc. Class A Common Stock (CTNT) | $6.90 Million | 1.94% | 0.46x | $3.10 Million |
| Cryoport Inc (CYRX) | $502.64 Million | 15.58% | 0.52x | $685.47 Million |
| Eastern International Ltd. (ELOG) | $9.54 Million | 12.46% | 1.05x | $12.19 Million |
| Expeditors International of Washington, Inc. (EXPD) | $44.50 Million | 20.90% | 0.46x | $19.44 Billion |
About BingEx Ltd
BingEx Limited, through its subsidiaries, provides on-demand dedicated courier services under the FlashEx brand name in the People's Republic of China. The company offers Flash-Riders as service who provides the courier services. It serves individual and business customers, including local merchants, small and medium sized enterprises, restaurants, and logistics players through its mobile platfor… Read more