Flamemaster Corporation
Flamemaster Corporation manufactures and sells specialty chemicals for the aerospace, defense, energy, and transportation industries. The company offers flame retardant coatings that are used in industrial applications to prevent the propagation of fire in electrical cables; and heat resistant coatings for protecting components and structural surfaces, such as the aluminum deck of a naval vessel.… Read more
Flamemaster Corporation (FAME) - Net Assets
Latest net assets as of March 2005: $4.31 Million USD
Based on the latest financial reports, Flamemaster Corporation (FAME) has net assets worth $4.31 Million USD as of March 2005.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.62 Million) and total liabilities ($304.77K). 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 | $4.31 Million |
| % of Total Assets | 93.4% |
| Annual Growth Rate | 4.83% |
| 5-Year Change | -40.12% |
| 10-Year Change | -7.48% |
| Growth Volatility | 23.17 |
Flamemaster Corporation - Net Assets Trend (1985–2004)
This chart illustrates how Flamemaster Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Flamemaster Corporation (1985–2004)
The table below shows the annual net assets of Flamemaster Corporation from 1985 to 2004.
| Year | Net Assets | Change |
|---|---|---|
| 2004-09-30 | $4.16 Million | -33.96% |
| 2003-09-30 | $6.30 Million | +23.23% |
| 2002-09-30 | $5.12 Million | -6.71% |
| 2001-09-30 | $5.48 Million | -21.13% |
| 2000-09-30 | $6.95 Million | +26.42% |
| 1999-09-30 | $5.50 Million | +17.02% |
| 1998-09-30 | $4.70 Million | -2.08% |
| 1997-09-30 | $4.80 Million | +4.35% |
| 1996-09-30 | $4.60 Million | +2.22% |
| 1995-09-30 | $4.50 Million | +2.27% |
| 1994-09-30 | $4.40 Million | -18.52% |
| 1993-09-30 | $5.40 Million | +3.85% |
| 1992-09-30 | $5.20 Million | +8.33% |
| 1991-09-30 | $4.80 Million | +4.35% |
| 1990-09-30 | $4.60 Million | +9.52% |
| 1989-09-30 | $4.20 Million | +75.00% |
| 1988-09-30 | $2.40 Million | +20.00% |
| 1987-09-30 | $2.00 Million | -13.04% |
| 1986-09-30 | $2.30 Million | +35.29% |
| 1985-09-30 | $1.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Flamemaster Corporation'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 73.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2004)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $392.59K | 9.43% |
| Common Stock | $17.94K | 0.43% |
| Other Comprehensive Income | $6.79K | 0.16% |
| Other Components | $3.75 Million | 89.98% |
| Total Equity | $4.16 Million | 100.00% |
Flamemaster Corporation Competitors by Market Cap
The table below lists competitors of Flamemaster Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LOGAN RIDGE FIN. DL-01
F:0XL0
|
$161.59K |
|
Green Cross Holdings Corp. Pfd. Series 2
KQ:005257
|
$161.75K |
|
rad Fic Firf Invest Infra Cdi Cp Resp Ltda
SA:BINC11
|
$161.81K |
|
Pineapple Express Cannabis Company
PINK:PNXP
|
$161.87K |
|
Oculis Holding AG Warrants
NASDAQ:OCSAW
|
$161.26K |
|
APXR11
SA:APXR11
|
$161.21K |
|
Federal Home Loan Mortgage Corporation PFD 5.1% SAL
OTCQB:FREJO
|
$161.20K |
|
Target Global Acquisition I Corp. Warrant
NASDAQ:TGAAW
|
$161.18K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Flamemaster Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2003 to 2004, total equity changed from 6,302,808 to 4,163,479, a change of -2,139,329 (-33.9%).
- Net income of 504,452 contributed positively to equity growth.
- Dividend payments of 761,442 reduced retained earnings.
- Share repurchases of 742,000 reduced equity.
- Other comprehensive income increased equity by 273,821.
- Other factors decreased equity by 1,414,160.
Equity Change Factors (2003 to 2004)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $504.45K | +12.12% |
| Dividends Paid | $761.44K | -18.29% |
| Share Repurchases | $742.00K | -17.82% |
| Other Comprehensive Income | $273.82K | +6.58% |
| Other Changes | $-1.41 Million | -33.97% |
| Total Change | $- | -33.94% |
Book Value vs Market Value Analysis
This analysis compares Flamemaster Corporation'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: 4.87x
- 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 24.18x to 4.87x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-09-30 | $0.72 | $17.50 | x |
| 1986-09-30 | $0.98 | $17.50 | x |
| 1987-09-30 | $0.85 | $17.50 | x |
| 1988-09-30 | $1.53 | $17.50 | x |
| 1989-09-30 | $2.14 | $17.50 | x |
| 1990-09-30 | $2.27 | $17.50 | x |
| 1991-09-30 | $2.44 | $17.50 | x |
| 1992-09-30 | $2.64 | $17.50 | x |
| 1993-09-30 | $2.75 | $17.50 | x |
| 1994-09-30 | $2.80 | $17.50 | x |
| 1995-09-30 | $3.43 | $17.50 | x |
| 1996-09-30 | $3.22 | $17.50 | x |
| 1997-09-30 | $4.82 | $17.50 | x |
| 1998-09-30 | $3.65 | $17.50 | x |
| 1999-09-30 | $4.04 | $17.50 | x |
| 2000-09-30 | $5.26 | $17.50 | x |
| 2001-09-30 | $4.26 | $17.50 | x |
| 2002-09-30 | $3.85 | $17.50 | x |
| 2003-09-30 | $4.82 | $17.50 | x |
| 2004-09-30 | $3.59 | $17.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Flamemaster Corporation 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): 12.12%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.02%
- • Asset Turnover: 1.12x
- • Equity Multiplier: 1.08x
- Recent ROE (12.12%) is below the historical average (12.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 11.76% | 5.41% | 1.76x | 1.24x | $30.00K |
| 1986 | 13.04% | 6.38% | 1.52x | 1.35x | $70.00K |
| 1987 | 20.00% | 7.55% | 1.61x | 1.65x | $200.00K |
| 1988 | 16.67% | 8.00% | 1.47x | 1.42x | $160.00K |
| 1989 | 7.14% | 8.11% | 0.84x | 1.05x | $-120.00K |
| 1990 | 19.57% | 17.65% | 0.98x | 1.13x | $440.00K |
| 1991 | 18.75% | 18.37% | 0.94x | 1.08x | $420.00K |
| 1992 | 17.31% | 16.67% | 1.00x | 1.04x | $380.00K |
| 1993 | 9.26% | 14.71% | 0.62x | 1.02x | $-40.00K |
| 1994 | 2.27% | 3.03% | 0.69x | 1.09x | $-340.00K |
| 1995 | 4.44% | 5.88% | 0.71x | 1.07x | $-250.00K |
| 1996 | 8.70% | 12.12% | 0.67x | 1.07x | $-60.00K |
| 1997 | 8.33% | 11.76% | 0.68x | 1.04x | $-80.00K |
| 1998 | 10.64% | 13.16% | 0.72x | 1.13x | $30.00K |
| 1999 | 16.36% | 20.93% | 0.72x | 1.09x | $350.00K |
| 2000 | 17.13% | 31.16% | 0.47x | 1.17x | $495.44K |
| 2001 | 11.80% | 15.48% | 0.58x | 1.30x | $98.63K |
| 2002 | 12.22% | 12.35% | 0.72x | 1.38x | $113.44K |
| 2003 | 8.54% | 10.56% | 0.69x | 1.17x | $-91.76K |
| 2004 | 12.12% | 10.02% | 1.12x | 1.08x | $88.10K |
Industry Comparison
This section compares Flamemaster Corporation's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $7,181,833,981
- Average return on equity (ROE) among peers: 7.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Flamemaster Corporation (FAME) | $4.31 Million | 11.76% | 0.07x | $161.30K |
| AirBoss of America Corp (ABSSF) | $197.00 Million | -16.19% | 1.24x | $57.06 Million |
| Asia Carbon Industries Inc (ACRB) | $19.13 Million | 17.11% | 0.33x | $0.98 |
| Aimia Inc (AIMFF) | $1.29 Billion | -4.63% | 2.83x | $103.68 Million |
| L'Air Liquide S.A (AIQUF) | $11.83 Billion | 14.08% | 1.26x | $107.70 Billion |
| Akzo Nobel N.V (AKZOF) | $7.58 Billion | 14.03% | 1.29x | $9.73 Billion |
| Albemarle Corp (ALB) | $545.00 Million | 9.41% | 1.09x | $19.53 Billion |
| ALPEK S.A.B. de C.V (ALPKF) | $49.59 Billion | 15.64% | 1.50x | $214.40 Million |
| Altech Batteries Limited (ALTHF) | $97.54 Million | -5.87% | 0.01x | $27.89 Million |
| Arcadium Lithium plc (ALTM) | $333.00 Million | 14.14% | 0.12x | $6.26 Billion |
| Alto Ingredients Inc (ALTO) | $345.21 Million | 13.35% | 0.40x | $212.84 Million |