Flag Ship Acquisition Corp. Unit (FSHPU) - Net Assets
Based on the latest financial reports, Flag Ship Acquisition Corp. Unit (FSHPU) 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. Check tangible net worth ratio of Flag Ship Acquisition Corp. Unit to evaluate the tangible quality of the company's equity base.
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. Unit - Net Assets Trend (2020–2024)
This chart illustrates how Flag Ship Acquisition Corp. Unit's net assets have evolved over time, based on quarterly financial data. Explore FSHPU cash generation efficiency to assess how effectively this company generates cash.
Annual Net Assets for Flag Ship Acquisition Corp. Unit (2020–2024)
The table below shows the annual net assets of Flag Ship Acquisition Corp. Unit from 2020 to 2024. For live valuation and market cap data, see Flag Ship Acquisition Corp. Unit (FSHPU) total market value.
| 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. Unit'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. Unit Competitors by Market Cap
The table below lists competitors of Flag Ship Acquisition Corp. Unit ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wrap Technologies Inc
NASDAQ:WRAP
|
$68.27 Million |
|
Samchem Holdings Bhd
KLSE:5147
|
$68.29 Million |
|
China Fineblanking Technology Co Ltd
TWO:1586
|
$68.30 Million |
|
Aluma Infrastructure Fund 2020 Ltd
TA:ALUMA
|
$68.32 Million |
|
Hanil Feed Co. Ltd
KQ:005860
|
$68.23 Million |
|
Coeptis Therapeutics Inc
NASDAQ:COEP
|
$68.21 Million |
|
Engenco Ltd
AU:EGN
|
$68.19 Million |
|
Sical Logistics Limited
NSE:SICALLOG
|
$68.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Flag Ship Acquisition Corp. Unit'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.
- New share issuances of 69,632,567 increased equity.
- Other factors decreased equity by 1,725,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $909.84K | +1.33% |
| Share Issuances | $69.63 Million | +101.6% |
| Other Changes | $-1.73 Million | -2.52% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Flag Ship Acquisition Corp. Unit'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: 0.89x
- 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 |
|---|---|---|---|
| 2020-12-31 | $-0.01 | $11.05 | x |
| 2021-12-31 | $-0.05 | $11.05 | x |
| 2022-12-31 | $-0.15 | $11.05 | x |
| 2023-12-31 | $-0.19 | $11.05 | x |
| 2024-12-31 | $12.44 | $11.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Flag Ship Acquisition Corp. Unit 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 (0.22%), 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% | 0.00% | 0.00x | 0.00x | $-2.36K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-4.66K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $7.75K |
| 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. Unit's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $173,103,317
- Average return on equity (ROE) among peers: 3.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Flag Ship Acquisition Corp. Unit (FSHPU) | $29.71 Million | 0.00% | 0.10x | $68.23 Million |
| Artius II Acquisition Inc. (AACB) | $-60.27K | 0.00% | 0.00x | $232.84 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $268.87 Million |
| Ares Acquisition Corporation II (AACT) | $502.67 Million | 0.00% | 0.05x | $587.05 Million |
| AA Mission Acquisition Corp. (AAM) | $534.70 Million | 21.49% | 3.04x | $420.70K |
| Altenergy Acquisition Corp (AEAE) | $-12.44 Million | 0.00% | 0.00x | $72.22 Million |
| Activate Energy Acquisition Corp. Class A Ordinary Share (AEAQ) | $223.53 Million | 0.00% | 0.04x | $236.21 Million |
| American Exceptionalism Acquisition Corp. A (AEXA) | $328.45 Million | 0.00% | 0.06x | $390.09 Million |
| Aimei Health Technology Co., Ltd Ordinary Share (AFJK) | $8.04 Million | 13.18% | 0.51x | $107.66 Million |
| Aifeex Nexus Acquisition Corporation (AIFE) | $86.16 Million | -0.10% | 0.01x | $91.13 Million |
| AI TRANSPORTATION ACQUISITION CORP Ordinary shares (AITR) | $60.04 Million | -0.06% | 0.02x | $86.22 Million |
About Flag Ship Acquisition Corp. Unit
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.