Fortune Rise Acquisition Corp (FRLA) - Net Assets
Based on the latest financial reports, Fortune Rise Acquisition Corp (FRLA) has net assets worth $24.98 Million USD as of September 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($36.36 Million) and total liabilities ($11.37 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. See net asset quality index of Fortune Rise Acquisition Corp to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $24.98 Million |
| % of Total Assets | 68.72% |
| Annual Growth Rate | -48.54% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 36.72 |
Fortune Rise Acquisition Corp - Net Assets Trend (2021–2023)
This chart illustrates how Fortune Rise Acquisition Corp's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see FRLA market cap overview.
Annual Net Assets for Fortune Rise Acquisition Corp (2021–2023)
The table below shows the annual net assets of Fortune Rise Acquisition Corp from 2021 to 2023. Also explore how fast is Fortune Rise Acquisition Corp growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $25.79 Million | -73.48% |
| 2022-12-31 | $97.23 Million | -0.05% |
| 2021-12-31 | $97.28 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fortune Rise Acquisition Corp'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 666732500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $34.88 Million | 135.28% |
| Total Equity | $25.79 Million | 100.00% |
Fortune Rise Acquisition Corp Competitors by Market Cap
The table below lists competitors of Fortune Rise Acquisition Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pilot Energy Ltd
AU:PGY
|
$9.44 Million |
|
Obm Drilchem PT
JK:OBMD
|
$9.45 Million |
|
Clemondo Group AB (publ)
ST:CLEM
|
$9.45 Million |
|
Kingfish Company Nv
OL:KING
|
$9.46 Million |
|
Terrain Minerals Ltd
AU:TMX
|
$9.44 Million |
|
HK Metals Utama Tbk PT
JK:HKMU
|
$9.44 Million |
|
The Global Smaller Companies Trust Plc
LSE:GSCT
|
$9.43 Million |
|
NeuroMetrix Inc
NASDAQ:NURO
|
$9.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fortune Rise Acquisition Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 97,227,959 to 25,785,778, a change of -71,442,181 (-73.5%).
- Net loss of 352,000 reduced equity.
- Dividend payments of 2,342,684 reduced retained earnings.
- Share repurchases of 70,386,610 reduced equity.
- Other factors increased equity by 1,639,113.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-352.00K | -1.37% |
| Dividends Paid | $2.34 Million | -9.09% |
| Share Repurchases | $70.39 Million | -272.97% |
| Other Changes | $1.64 Million | +6.36% |
| Total Change | $- | -73.48% |
Book Value vs Market Value Analysis
This analysis compares Fortune Rise Acquisition Corp'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: 3.73x
- 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 1.48x to 3.73x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $7.55 | $11.20 | x |
| 2022-12-31 | $7.55 | $11.20 | x |
| 2023-12-31 | $3.00 | $11.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fortune Rise Acquisition Corp 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): -1.37%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.36x
- Recent ROE (-1.37%) is below the historical average (-0.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -0.14% | 0.00% | 0.00x | 1.04x | $-9.86 Million |
| 2022 | -0.05% | 0.00% | 0.00x | 1.05x | $-9.77 Million |
| 2023 | -1.37% | 0.00% | 0.00x | 1.36x | $-2.93 Million |
Industry Comparison
This section compares Fortune Rise Acquisition Corp's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $116,125,827
- Average return on equity (ROE) among peers: 28.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fortune Rise Acquisition Corp (FRLA) | $24.98 Million | -0.14% | 0.46x | $9.44 Million |
| Artius II Acquisition Inc. (AACB) | $-60.27K | 0.00% | 0.00x | $234.83 Million |
| Artius II Acquisition Inc. Units (AACBU) | $214.29 Million | 0.06% | 0.07x | $269.37 Million |
| Armada Acquisition Corp. II Class A Ordinary Shares (AACI) | $147.40 Million | -2.46% | 0.02x | $256.24 Million |
| Abony Acquisition Corp. I Class A Ordinary Share (AACO) | $-74.71 | 0.00% | 0.00x | $236.71 Million |
| Apogee Acquisition Corp Class A Ordinary Shares (AACP) | $-13.88 | 0.00% | 0.00x | $178.44 Million |
| Ares Acquisition Corporation II (AACT) | $11.15K | -0.14% | 45.93x | $587.05 Million |
| AA Mission Acquisition Corp. (AAM) | $33.60 Million | 281.25% | 89.15x | $377.55K |
| Altenergy Acquisition Corp (AEAE) | $214.04 Million | 5.44% | 0.10x | $72.22 Million |
| Activate Energy Acquisition Corp. Class A Ordinary Share (AEAQ) | $223.53 Million | 0.00% | 0.04x | $238.34 Million |
| American Exceptionalism Acquisition Corp. A (AEXA) | $328.45 Million | 0.00% | 0.06x | $385.24 Million |
About Fortune Rise Acquisition Corp
Fortune Rise Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was incorporated in 2021 and is based in Clearwater, Florida.