Forge Innovation Development Corp
Forge Innovation Development Corp., together with its subsidiaries, focuses on commercial and residential land development business in the United States. It focuses on real estate development, land purchasing and selling, and property management activities. The company was formerly known as You-Go enterprises, LLC and changed its name to Forge Innovation Development Corp. in November 2016. Forge … Read more
Forge Innovation Development Corp (FGNV) - Net Assets
Latest net assets as of September 2025: $-178.79K USD
Based on the latest financial reports, Forge Innovation Development Corp (FGNV) has net assets worth $-178.79K USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($163.70K) and total liabilities ($342.48K). 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 | $-178.79K |
| % of Total Assets | -109.22% |
| Annual Growth Rate | 9.0% |
| 5-Year Change | 756.7% |
| 10-Year Change | N/A |
| Growth Volatility | 42.0 |
Forge Innovation Development Corp - Net Assets Trend (2016–2024)
This chart illustrates how Forge Innovation Development Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Forge Innovation Development Corp (2016–2024)
The table below shows the annual net assets of Forge Innovation Development Corp from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.76 Million | -47.02% |
| 2023-12-31 | $3.32 Million | +3733.08% |
| 2022-12-31 | $-91.34K | -59.61% |
| 2021-12-31 | $-57.23K | -127.89% |
| 2020-12-31 | $205.21K | -60.94% |
| 2019-12-31 | $525.34K | -35.04% |
| 2018-12-31 | $808.72K | +0.08% |
| 2017-12-31 | $808.11K | -8.39% |
| 2016-12-31 | $882.15K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Forge Innovation Development 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 369243800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $4.81 Million | 455.26% |
| Total Equity | $1.06 Million | 100.00% |
Forge Innovation Development Corp Competitors by Market Cap
The table below lists competitors of Forge Innovation Development Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ARCADIA MINERALS CDI/1:1
F:8OH
|
$504.10K |
|
TELEPERFORMANCE (RCF.SG)
STU:RCF
|
$504.14K |
|
HIGHTECH PAYMENT SYSTEMS
BC:HPS
|
$504.29K |
|
Cerro Grande Mining Corp
PINK:CEGMF
|
$504.36K |
|
Metal Energy Corp
OTCQB:MEEEF
|
$503.79K |
|
RODINIA OIL-A
F:RRO
|
$503.77K |
|
FIRST SENSOR (SIS.SG)
STU:SIS
|
$503.50K |
|
Horizonte Minerals Plc
PINK:HZMMF
|
$503.14K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Forge Innovation Development Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,325,306 to 1,056,813, a change of -1,268,493 (-54.6%).
- Net loss of 1,268,493 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.27 Million | -120.03% |
| Total Change | $- | -54.55% |
Book Value vs Market Value Analysis
This analysis compares Forge Innovation Development 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: 4.77x
- 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 decreased from 7.50x to 4.77x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $0.01 | $0.10 | x |
| 2018-12-31 | $0.02 | $0.10 | x |
| 2019-12-31 | $0.01 | $0.10 | x |
| 2020-12-31 | $0.00 | $0.10 | x |
| 2021-12-31 | $0.00 | $0.10 | x |
| 2022-12-31 | $0.00 | $0.10 | x |
| 2023-12-31 | $0.05 | $0.10 | x |
| 2024-12-31 | $0.02 | $0.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Forge Innovation Development 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): -120.03%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -189.80%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 7.77x
- Recent ROE (-120.03%) is below the historical average (-50.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -7.03% | 0.00% | 0.00x | 1.06x | $-150.20K |
| 2017 | -37.64% | -2027.61% | 0.01x | 1.40x | $-384.95K |
| 2018 | -40.32% | -905.70% | 0.04x | 1.01x | $-406.93K |
| 2019 | -53.94% | -787.19% | 0.05x | 1.25x | $-335.92K |
| 2020 | -156.00% | -889.25% | 0.10x | 1.72x | $-340.65K |
| 2021 | 0.00% | -728.98% | 0.25x | 0.00x | $-256.71K |
| 2022 | 0.00% | -27.82% | 0.97x | 0.00x | $-24.98K |
| 2023 | -39.58% | -209.90% | 0.05x | 4.00x | $-1.15 Million |
| 2024 | -120.03% | -189.80% | 0.08x | 7.77x | $-1.37 Million |
Industry Comparison
This section compares Forge Innovation Development Corp's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $860,434,363
- Average return on equity (ROE) among peers: -17.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Forge Innovation Development Corp (FGNV) | $-178.79K | -7.03% | N/A | $503.89K |
| Aroundtown SA (AANNF) | $2.43 Billion | 28.32% | 0.83x | $1.42 Billion |
| AAP Inc (AAPJ) | $-1.00 Million | 0.00% | 0.00x | $1.97 |
| Ambase Corp (ABCP) | $-4.12 Million | 0.00% | 0.00x | $6.43 Million |
| Americann Inc (ACAN) | $1.31 Million | -131.48% | 2.04x | $2.44K |
| Ascendas India Trust (ACNDF) | $1.32 Billion | 9.88% | 1.00x | $831.45 Million |
| Adler Group S.A (ADPPF) | $2.20 Billion | 17.61% | 0.90x | $41.80 Million |
| Agritek Holdings Inc (AGTK) | $487.65K | -21.43% | -0.50x | $5.39K |
| reAlpha Tech Corp. Common Stock (AIRE) | $13.17 Million | -41.42% | 0.60x | $32.30 Million |
| Avalon GloboCare Corp. (ALBT) | $7.31 Million | -47.40% | 0.73x | $2.25 Million |
| Allreal (ALRHF) | $2.64 Billion | 8.00% | 1.23x | $2.39 Billion |