Flag Ship Acquisition Corp. Ordinary Shares
Flag Ship Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization with one or more businesses. The company intends to focus on businesses that have a connection to the Asian market. Flag Ship Acquisition Corporation was incorporated in 2018 and is based in New York, New York.
Flag Ship Acquisition Corp. Ordinary Shares (FSHP) - Net Assets
Latest net assets as of September 2025: $29.71 Million USD
Based on the latest financial reports, Flag Ship Acquisition Corp. Ordinary Shares (FSHP) has net assets worth $29.71 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 ($32.64 Million) and total liabilities ($2.93 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 | $29.71 Million |
| % of Total Assets | 91.02% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Flag Ship Acquisition Corp. Ordinary Shares - Net Assets Trend (2020–2024)
This chart illustrates how Flag Ship Acquisition Corp. Ordinary Shares's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Flag Ship Acquisition Corp. Ordinary Shares (2020–2024)
The table below shows the annual net assets of Flag Ship Acquisition Corp. Ordinary Shares from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $68.53 Million | +24316.59% |
| 2023-12-31 | $-283.01K | -28.29% |
| 2022-12-31 | $-220.61K | -181.33% |
| 2021-12-31 | $-78.42K | -368.48% |
| 2020-12-31 | $-16.74K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Flag Ship Acquisition Corp. 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 decreased by 225630000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $70.80 Million | 103.31% |
| Total Equity | $68.53 Million | 100.00% |
Flag Ship Acquisition Corp. Ordinary Shares Competitors by Market Cap
The table below lists competitors of Flag Ship Acquisition Corp. Ordinary Shares ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nano Labs Ltd
NASDAQ:NA
|
$29.94 Million |
|
Tainet Communication System
TWO:4905
|
$29.94 Million |
|
HI SPAC 3
KQ:217500
|
$29.94 Million |
|
European Lithium Limited
OTCQB:EULIF
|
$29.94 Million |
|
Pioneer Power Solutions Inc.
NASDAQ:PPSI
|
$29.93 Million |
|
S.Kijchai Enterprise Public Company Limited
BK:SKN
|
$29.90 Million |
|
Big 5 Sporting Goods Corporation
NASDAQ:BGFV
|
$29.90 Million |
|
A-Tech Solution Co. Ltd
KQ:071670
|
$29.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Flag Ship Acquisition Corp. Ordinary Shares's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -283,006 to 68,534,399, a change of 68,817,405.
- Net income of 909,838 contributed positively to equity growth.
- Dividend payments of 1,799,136 reduced retained earnings.
- New share issuances of 69,632,567 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $909.84K | +1.33% |
| Dividends Paid | $1.80 Million | -2.63% |
| Share Issuances | $69.63 Million | +101.6% |
| Other Changes | $74.14K | +0.11% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Flag Ship Acquisition Corp. 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: 1.40x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $0.00 | $10.86 | x |
| 2021-12-31 | $-0.04 | $10.86 | x |
| 2022-12-31 | $-0.10 | $10.86 | x |
| 2023-12-31 | $-0.13 | $10.86 | x |
| 2024-12-31 | $7.73 | $10.86 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Flag Ship Acquisition Corp. 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): 1.33%
- 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: 1.04x
- Recent ROE (1.33%) is above the historical average (0.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-4.66K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-78.84K |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-85.13K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-34.10K |
| 2024 | 1.33% | 0.00% | 0.00x | 1.04x | $-5.94 Million |
Industry Comparison
This section compares Flag Ship Acquisition Corp. Ordinary Shares's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $36,677,338
- Average return on equity (ROE) among peers: -64.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Flag Ship Acquisition Corp. Ordinary Shares (FSHP) | $29.71 Million | 0.00% | 0.10x | $29.93 Million |
| Artius II Acquisition Inc. Class A Ordinary Shares (AACB) | $-60.27K | 0.00% | 0.00x | $198.37 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $205.28 Million |
| Ares Acquisition Corporation II (AACT-UN) | $931.34 Million | 0.00% | 0.08x | $399.77 Million |
| AA Mission Acquisition Corp. (AAM-UN) | $-559.90 Million | 0.00% | 0.00x | $349.76 Million |
| Global Acquisitions Corporation (AASP) | $3.80 Million | -5.26% | 0.34x | $15.42 Million |
| ABV Consulting Inc (ABVN) | $8.75K | -623.31% | 2.50x | $461.96K |
| Atlantic Coastal Acquisition Corp II (ACAB) | $-8.52 Million | 0.00% | 0.00x | $2.44 Million |
| Annabidiol Corp (ACBD) | $-501.57K | 0.00% | 0.00x | $13.62K |
| ACRO Biomedical Co Ltd (ACBM) | $685.87K | -17.12% | 0.46x | $30.04K |
| Huaizhong Health Group Inc (ADAD) | $-19.47K | 0.00% | 0.00x | $3.15K |