First Acceptance Corp
First Acceptance Corporation, together with its subsidiaries, operates as a retailer, servicer, and underwriter of non-standard personal automobile insurance and related products in the United States. It issues non-standard automobile insurance policies to individuals based on their inability or unwillingness to obtain insurance coverage from standard carriers due to various factors, including th… Read more
First Acceptance Corp (FACO) - Net Assets
Latest net assets as of June 2025: $177.79 Million USD
Based on the latest financial reports, First Acceptance Corp (FACO) has net assets worth $177.79 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($773.35 Million) and total liabilities ($595.55 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 | $177.79 Million |
| % of Total Assets | 22.99% |
| Annual Growth Rate | 4.38% |
| 5-Year Change | 51.82% |
| 10-Year Change | 63.56% |
| Growth Volatility | 55.52 |
First Acceptance Corp - Net Assets Trend (1999–2024)
This chart illustrates how First Acceptance 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 First Acceptance Corp (1999–2024)
The table below shows the annual net assets of First Acceptance Corp from 1999 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $169.56 Million | +19.54% |
| 2023-12-31 | $141.85 Million | +116.49% |
| 2022-12-31 | $65.52 Million | -29.47% |
| 2021-12-31 | $92.90 Million | -16.82% |
| 2020-12-31 | $111.69 Million | +10.73% |
| 2019-12-31 | $100.86 Million | +26.11% |
| 2018-12-31 | $79.98 Million | +23.50% |
| 2017-12-31 | $64.76 Million | -10.67% |
| 2016-12-31 | $72.49 Million | -30.08% |
| 2015-12-31 | $103.67 Million | -3.08% |
| 2014-12-31 | $106.96 Million | +39.04% |
| 2013-12-31 | $76.93 Million | +5.69% |
| 2012-12-31 | $72.79 Million | -40.44% |
| 2010-12-31 | $122.23 Million | -31.02% |
| 2009-12-31 | $177.19 Million | +10.84% |
| 2008-12-31 | $159.86 Million | -29.10% |
| 2007-12-31 | $225.46 Million | -5.86% |
| 2006-12-31 | $239.48 Million | -5.50% |
| 2005-12-31 | $253.42 Million | +10.99% |
| 2004-12-31 | $228.33 Million | +17.56% |
| 2003-12-31 | $194.23 Million | +234.44% |
| 2002-12-31 | $58.08 Million | -0.54% |
| 2001-12-31 | $58.39 Million | +0.62% |
| 2000-12-31 | $58.03 Million | -0.03% |
| 1999-12-31 | $58.05 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Acceptance 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 28368300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $453.24 Million | 267.30% |
| Total Equity | $169.56 Million | 100.00% |
First Acceptance Corp Competitors by Market Cap
The table below lists competitors of First Acceptance Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
0NXA
LSE:0NXA
|
$134.88 Million |
|
RANPAK HLD. CL.A DL-0001
F:0ZA
|
$134.88 Million |
|
Silver Mines Limited
PINK:SLVMF
|
$134.90 Million |
|
Blue Jet Healthcare Limited
NSE:BLUEJET
|
$134.93 Million |
|
Solvar Ltd
AU:SVR
|
$134.74 Million |
|
Anora Group Oyj
HE:ANORA
|
$134.73 Million |
|
Hyundai Green Food Co. Ltd.
KO:453340
|
$134.65 Million |
|
Zhejiang Tongli Transmission Technology Co. Ltd. A
SHE:301255
|
$134.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Acceptance Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 141,848,000 to 169,561,000, a change of 27,713,000 (19.5%).
- Net income of 26,291,000 contributed positively to equity growth.
- Share repurchases of 637,000 reduced equity.
- Other factors increased equity by 2,059,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $26.29 Million | +15.51% |
| Share Repurchases | $637.00K | -0.38% |
| Other Changes | $2.06 Million | +1.21% |
| Total Change | $- | 19.54% |
Book Value vs Market Value Analysis
This analysis compares First Acceptance 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: 0.80x
- 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.
- The price-to-book ratio has decreased from 2.01x to 0.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $1.78 | $3.56 | x |
| 2013-12-31 | $1.88 | $3.56 | x |
| 2014-12-31 | $2.61 | $3.56 | x |
| 2015-12-31 | $2.53 | $3.56 | x |
| 2016-12-31 | $1.77 | $3.56 | x |
| 2017-12-31 | $1.57 | $3.56 | x |
| 2018-12-31 | $1.93 | $3.56 | x |
| 2019-12-31 | $2.42 | $3.56 | x |
| 2020-12-31 | $2.93 | $3.56 | x |
| 2021-12-31 | $2.44 | $3.56 | x |
| 2022-12-31 | $1.73 | $3.56 | x |
| 2023-12-31 | $3.71 | $3.56 | x |
| 2024-12-31 | $4.44 | $3.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Acceptance 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): 15.51%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.70%
- • Asset Turnover: 0.82x
- • Equity Multiplier: 4.01x
- Recent ROE (15.51%) is above the historical average (4.73%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 3.82% | 74.60% | 0.05x | 1.01x | $-3.59 Million |
| 2000 | 4.34% | 75.76% | 0.06x | 1.01x | $-3.29 Million |
| 2001 | 0.82% | 32.56% | 0.03x | 1.01x | $-5.36 Million |
| 2004 | 11.46% | 15.66% | 0.50x | 1.45x | $3.32 Million |
| 2005 | 11.08% | 11.25% | 0.57x | 1.71x | $2.73 Million |
| 2009 | 3.97% | 3.15% | 0.63x | 2.01x | $-10.68 Million |
| 2012 | -14.54% | 0.00% | -0.04x | 3.60x | $-17.87 Million |
| 2013 | 11.93% | 3.81% | 0.88x | 3.56x | $1.49 Million |
| 2014 | 26.24% | 10.64% | 0.80x | 3.07x | $17.37 Million |
| 2015 | -1.86% | -0.58% | 0.83x | 3.88x | $-12.30 Million |
| 2016 | -40.40% | -7.52% | 0.97x | 5.52x | $-36.53 Million |
| 2017 | -13.29% | -2.48% | 0.88x | 6.11x | $-15.08 Million |
| 2018 | 22.15% | 5.47% | 0.83x | 4.86x | $9.72 Million |
| 2019 | 15.22% | 5.25% | 0.82x | 3.53x | $5.27 Million |
| 2020 | 9.33% | 3.86% | 0.79x | 3.05x | $-750.60K |
| 2021 | -1.32% | -0.43% | 0.88x | 3.47x | $-10.52 Million |
| 2022 | -26.69% | -5.79% | 0.85x | 5.43x | $-24.04 Million |
| 2023 | 52.11% | 15.16% | 0.87x | 3.93x | $59.73 Million |
| 2024 | 15.51% | 4.70% | 0.82x | 4.01x | $9.33 Million |
Industry Comparison
This section compares First Acceptance Corp's net assets metrics with peer companies in the Insurance - Specialty industry.
Industry Context
- Industry: Insurance - Specialty
- Average net assets among peers: $2,788,731,952
- Average return on equity (ROE) among peers: 4.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Acceptance Corp (FACO) | $177.79 Million | 3.82% | 3.35x | $134.82 Million |
| ACMAT Corporation (ACMT) | $31.30 Million | 2.22% | 0.84x | $2.73 Million |
| Enact Holdings Inc (ACT) | $4.10 Billion | 17.17% | 0.40x | $1.08 Billion |
| Assured Guaranty Ltd (AGO) | $6.55 Billion | 7.95% | 1.08x | $3.63 Billion |
| Ambac Financial Group Inc (AMBC) | $2.28 Billion | -142.47% | 9.34x | $343.48 Million |
| AMERISAFE Inc (AMSF) | $158.78 Million | 23.53% | 5.26x | $612.03 Million |
| AXIS Capital Holdings Ltd (AXS) | $5.87 Billion | 10.94% | 2.41x | $7.47 Billion |
| Beazley plc (BZLYF) | $1.50 Billion | 8.67% | 4.04x | $6.37 Billion |
| Employers Holdings Inc (EIG) | $144.61 Million | 95.15% | 20.40x | $762.61 Million |
| Essent Group Ltd (ESNT) | $4.46 Billion | 18.63% | 0.28x | $5.45 Billion |