Kandal M Venture Limited Class A Ordinary Shares (FMFC) - Net Assets
Based on the latest financial reports, Kandal M Venture Limited Class A Ordinary Shares (FMFC) has net assets worth $8.05 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($11.21 Million) and total liabilities ($3.16 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 asset allocation strategy of Kandal M Venture Limited Class A Ordinar to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $8.05 Million |
| % of Total Assets | 71.84% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 952.18 |
Kandal M Venture Limited Class A Ordinary Shares - Net Assets Trend (2023–2026)
This chart illustrates how Kandal M Venture Limited Class A Ordinary Shares's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see FMFC stock market capitalisation.
Annual Net Assets for Kandal M Venture Limited Class A Ordinary Shares (2023–2026)
The table below shows the annual net assets of Kandal M Venture Limited Class A Ordinary Shares from 2023 to 2026. Also explore Kandal M Venture Limited Class A Ordinar (FMFC) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | $8.05 Million | +2028.85% |
| 2025-03-31 | $378.10K | +124.49% |
| 2024-03-31 | $168.43K | +117.71% |
| 2023-03-31 | $-950.79K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kandal M Venture Limited Class A Ordinary Shares'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 101.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.11 Million | 38.62% |
| Common Stock | $183.00 | 0.00% |
| Other Comprehensive Income | $-2.49 Million | -30.99% |
| Other Components | $7.44 Million | 92.38% |
| Total Equity | $8.05 Million | 100.00% |
Kandal M Venture Limited Class A Ordinary Shares Competitors by Market Cap
The table below lists competitors of Kandal M Venture Limited Class A Ordinary Shares ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Molinos Rio de la Plata SA
BA:MOLI5
|
$3.00 Million |
|
On The Beach Group PLC
LSE:OTB
|
$3.00 Million |
|
Telemasters Holdings Ltd
JSE:TLM
|
$3.00 Million |
|
49 North Resources Inc
V:FNR
|
$3.01 Million |
|
Automax Motors Ltd
TA:AMX
|
$3.00 Million |
|
Oriental Culture Holding Ltd
NASDAQ:OCG
|
$3.00 Million |
|
Metalex Ventures Ltd.
V:MTX
|
$3.00 Million |
|
Burley Minerals Ltd
AU:BUR
|
$3.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kandal M Venture Limited Class A Ordinary Shares's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 378,104 to 8,049,264, a change of 7,671,160 (2028.8%).
- Net income of 235,625 contributed positively to equity growth.
- New share issuances of 8,014,981 increased equity.
- Other factors decreased equity by 579,446.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $235.62K | +2.93% |
| Share Issuances | $8.01 Million | +99.57% |
| Other Changes | $-579.45K | -7.2% |
| Total Change | $- | 2028.85% |
Book Value vs Market Value Analysis
This analysis compares Kandal M Venture Limited Class A Ordinary Shares'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: 0.43x
- 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 |
|---|---|---|---|
| 2023-03-31 | $-0.05 | $0.20 | x |
| 2024-03-31 | $0.01 | $0.20 | x |
| 2025-03-31 | $0.02 | $0.20 | x |
| 2026-03-31 | $0.45 | $0.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kandal M Venture Limited Class A Ordinary Shares 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): 2.93%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.38%
- • Asset Turnover: 1.53x
- • Equity Multiplier: 1.39x
- Recent ROE (2.93%) is below the historical average (180.77%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2023 | 0.00% | 5.53% | 2.29x | 0.00x | $839.58K |
| 2024 | 664.68% | 8.01% | 1.37x | 60.43x | $1.10 Million |
| 2025 | 55.45% | 1.22% | 1.71x | 26.63x | $171.86K |
| 2026 | 2.93% | 1.38% | 1.53x | 1.39x | $-569.30K |
Industry Comparison
This section compares Kandal M Venture Limited Class A Ordinary Shares's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $1,986,089,332
- Average return on equity (ROE) among peers: 14.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kandal M Venture Limited Class A Ordinary Shares (FMFC) | $8.05 Million | 0.00% | 0.39x | $3.00 Million |
| American Rebel Holdings Inc (AREB) | $-646.27K | 0.00% | 0.00x | $3.23 Million |
| Birkenstock Holding plc (BIRK) | $2.06 Billion | 5.64% | 1.07x | $5.52 Billion |
| Crocs Inc (CROX) | $444.11 Million | 37.88% | 0.41x | $4.82 Billion |
| Designer Brands Inc (DBI) | $143.87 Million | 10.29% | 1.02x | $269.03 Million |
| Deckers Outdoor Corporation (DECK) | $384.67 Million | 19.22% | 0.26x | $10.56 Billion |
| Forward Industries Inc (FORD) | $5.16 Million | 1.78% | 0.34x | $788.51 Million |
| Fossil Group Inc (FOSL) | $1.05 Billion | 24.27% | 0.40x | $297.87 Million |
| Nike Inc (NKE) | $12.71 Billion | 25.76% | 0.70x | $43.45 Billion |
| On Holding Ltd (ONON) | $1.07 Billion | 7.41% | 0.48x | $8.05 Billion |
About Kandal M Venture Limited Class A Ordinary Shares
Kandal M Venture Limited, through its subsidiaries, manufactures, trades in, and sells handbags in the United States, Europe, Canada, Japan, and internationally. It offers shoulder bags, crossbody bags, tote bags, backpacks, top-handle handbags, and satchels; accessories; and other smaller leather goods, such as wallets. The company was founded in 2017 and is based in Ta Khmau, the Kingdom of Cam… Read more