FBD Holdings plc
FBD Holdings plc, through its subsidiaries, engages in the underwriting of general insurance to farmers, private individuals, and business owners in Ireland. It operates through two segments, General Insurance and Other Services. The company offers personal insurance products, including car, van, and vintage and classic car insurance; house and apartment owner, and renters' insurance; travel insu… Read more
FBD Holdings plc (FBDHF) - Net Assets
Latest net assets as of December 2024: $486.13 Million USD
Based on the latest financial reports, FBD Holdings plc (FBDHF) has net assets worth $486.13 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.37 Billion) and total liabilities ($880.14 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 | $486.13 Million |
| % of Total Assets | 35.58% |
| Annual Growth Rate | 5.87% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 11.29 |
FBD Holdings plc - Net Assets Trend (2020–2024)
This chart illustrates how FBD Holdings plc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for FBD Holdings plc (2020–2024)
The table below shows the annual net assets of FBD Holdings plc from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $486.13 Million | +1.29% |
| 2023-12-31 | $479.96 Million | +5.04% |
| 2022-12-31 | $456.93 Million | -5.44% |
| 2021-12-31 | $483.21 Million | +24.89% |
| 2020-12-31 | $386.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to FBD Holdings plc'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 grown by 32.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $445.26 Million | 91.59% |
| Other Components | $40.86 Million | 8.41% |
| Total Equity | $486.13 Million | 100.00% |
FBD Holdings plc Competitors by Market Cap
The table below lists competitors of FBD Holdings plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
i-Tail Corp. PCL
BK:ITC
|
$238.51 Million |
|
Gaonchips Co. Ltd.
KQ:399720
|
$238.62 Million |
|
Arko Corp
NASDAQ:ARKO
|
$238.69 Million |
|
Critical Metals Corp. Warrants
NASDAQ:CRMLW
|
$238.75 Million |
|
Huuuge Inc.
WAR:HUG
|
$238.29 Million |
|
Alltek Technology Corp
TW:3209
|
$238.27 Million |
|
2UH0
F:2UH0
|
$238.14 Million |
|
FS Bancorp Inc
NASDAQ:FSBW
|
$238.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FBD Holdings plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 479,959,000 to 486,127,000, a change of 6,168,000 (1.3%).
- Net income of 67,205,000 contributed positively to equity growth.
- Dividend payments of 72,080,000 reduced retained earnings.
- Share repurchases of 4,000,000 reduced equity.
- Other factors increased equity by 15,043,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $67.20 Million | +13.82% |
| Dividends Paid | $72.08 Million | -14.83% |
| Share Repurchases | $4.00 Million | -0.82% |
| Other Changes | $15.04 Million | +3.09% |
| Total Change | $- | 1.29% |
Book Value vs Market Value Analysis
This analysis compares FBD Holdings plc'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: 0.96x
- 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 1.18x to 0.96x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $11.04 | $13.00 | x |
| 2021-12-31 | $13.69 | $13.00 | x |
| 2022-12-31 | $12.84 | $13.00 | x |
| 2023-12-31 | $13.39 | $13.00 | x |
| 2024-12-31 | $13.54 | $13.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FBD Holdings plc 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): 13.82%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.25%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 2.81x
- Recent ROE (13.82%) is above the historical average (12.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 1.13% | 1.31% | 0.23x | 3.83x | $-34.30 Million |
| 2021 | 19.95% | 26.99% | 0.23x | 3.15x | $48.09 Million |
| 2022 | 12.60% | 18.02% | 0.23x | 3.04x | $11.86 Million |
| 2023 | 14.49% | 19.10% | 0.27x | 2.85x | $21.55 Million |
| 2024 | 13.82% | 16.25% | 0.30x | 2.81x | $18.59 Million |
Industry Comparison
This section compares FBD Holdings plc's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $3,948,110,200
- Average return on equity (ROE) among peers: 16.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FBD Holdings plc (FBDHF) | $486.13 Million | 1.13% | 1.81x | $238.49 Million |
| American Coastal Insurance Corp (ACIC) | $45.29 Million | -2.04% | 3.72x | $250.00 Million |
| American Financial Group Inc (AFG) | $1.95 Billion | -0.76% | 7.91x | $8.54 Billion |
| AmTrust Financial Services Inc Pref Series A (AFSIA) | $118.83 Million | 11.87% | 3.19x | $1.69 Billion |
| Aspen Insurance Holdings Limited (AHL) | $2.39 Billion | 15.82% | 1.78x | $14.67 Million |
| American Integrity Insurance Group, Inc. (AII) | $337.02 Million | 29.56% | 2.63x | $227.08 Million |
| Assurant Inc (AIZ) | $3.37 Billion | 2.66% | 6.24x | $10.74 Billion |
| The Allstate Corporation (ALL) | $30.61 Billion | 33.59% | 2.91x | $53.61 Billion |
| Admiral Group plc (AMIGF) | $68.95 Million | 44.87% | 4.47x | $10.33 Billion |
| Ategrity Specialty Insurance Company Holdings (ASIC) | $398.81 Million | 11.81% | 1.82x | $155.46 Million |
| Bowhead Specialty Holdings Inc. (BOW) | $192.08 Million | 13.04% | 4.35x | $707.67 Million |