First Community Corporation PFD SER A
First Community Corporation operates as the holding company for First Community Bank of East Tennessee that provides banking services to individuals and businesses. The company offers demand and savings deposits, individual retirement accounts, checking accounts, and certificates of deposits; commercial, residential real estate, personal, and consumer loans; and term loans and lines of credit, co… Read more
First Community Corporation PFD SER A (FCCTP) - Net Assets
Latest net assets as of June 2024: $20.90 Million USD
Based on the latest financial reports, First Community Corporation PFD SER A (FCCTP) has net assets worth $20.90 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($207.09 Million) and total liabilities ($186.18 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 | $20.90 Million |
| % of Total Assets | 10.09% |
| Annual Growth Rate | 3.2% |
| 5-Year Change | 63.18% |
| 10-Year Change | N/A |
| Growth Volatility | 12.06 |
First Community Corporation PFD SER A - Net Assets Trend (2003–2023)
This chart illustrates how First Community Corporation PFD SER A'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 Community Corporation PFD SER A (2003–2023)
The table below shows the annual net assets of First Community Corporation PFD SER A from 2003 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $19.97 Million | +31.35% |
| 2017-12-31 | $15.21 Million | +5.42% |
| 2016-12-31 | $14.42 Million | +11.40% |
| 2015-12-31 | $12.95 Million | +5.78% |
| 2014-12-31 | $12.24 Million | -11.92% |
| 2005-12-31 | $13.90 Million | +12.82% |
| 2004-12-31 | $12.32 Million | +15.73% |
| 2003-12-31 | $10.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Community Corporation PFD SER A'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 303.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $14.23 Million | 71.22% |
| Common Stock | $5.72 Million | 28.66% |
| Other Components | $23.00K | 0.12% |
| Total Equity | $19.97 Million | 100.00% |
First Community Corporation PFD SER A Competitors by Market Cap
The table below lists competitors of First Community Corporation PFD SER A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KOMORI
BE:KOI
|
$83.47K |
|
SHIP FINANCEINTL (UG6.SG)
STU:UG6
|
$83.52K |
|
CORRIDOR RESOURCES
MU:C6V
|
$83.59K |
|
Orascom Construction PLC
EGX:ORAS
|
$83.61K |
|
AMS OSRAM AG
VI:AMS2
|
$83.32K |
|
BFLO39
SA:BFLO39
|
$83.21K |
|
Apollo Investment Corp
F:55O1
|
$83.18K |
|
BSHY39
SA:BSHY39
|
$83.16K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Community Corporation PFD SER A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2017 to 2023, total equity changed from 13,188,492 to 19,974,000, a change of 6,785,508 (51.5%).
- Net income of 2,534,272 contributed positively to equity growth.
- Other factors increased equity by 4,251,236.
Equity Change Factors (2017 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.53 Million | +12.69% |
| Other Changes | $4.25 Million | +21.28% |
| Total Change | $- | 51.45% |
Book Value vs Market Value Analysis
This analysis compares First Community Corporation PFD SER A'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: 0.75x
- 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 1.64x to 0.75x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | $5.64 | $9.25 | x |
| 2004-12-31 | $6.30 | $9.25 | x |
| 2005-12-31 | $7.22 | $9.25 | x |
| 2023-12-31 | $12.33 | $9.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Community Corporation PFD SER A 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): 12.69%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.90%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 10.48x
- Recent ROE (12.69%) is above the historical average (11.81%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 18.24% | 22.95% | 0.04x | 17.73x | $876.58K |
| 2004 | 16.29% | 22.87% | 0.04x | 16.41x | $774.94K |
| 2005 | 16.23% | 23.98% | 0.04x | 15.79x | $865.87K |
| 2014 | 4.89% | 7.60% | 0.04x | 17.89x | $-522.00K |
| 2015 | 5.57% | 8.49% | 0.04x | 15.71x | $-483.98K |
| 2016 | 11.36% | 19.02% | 0.04x | 13.77x | $169.12K |
| 2017 | 9.17% | 17.74% | 0.04x | 12.98x | $-109.20K |
| 2023 | 12.69% | 27.90% | 0.04x | 10.48x | $536.87K |
Industry Comparison
This section compares First Community Corporation PFD SER A's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $21,282,152,580
- Average return on equity (ROE) among peers: 31.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Community Corporation PFD SER A (FCCTP) | $20.90 Million | 18.24% | 8.91x | $83.46K |
| Arçelik Anonim Sirketi (ACKAF) | $59.56 Billion | 12.87% | 3.33x | $19.95K |
| Argo Group US Inc. 6.5% SR NTS 42 (ARGD) | $1.23 Billion | -15.51% | 0.05x | $232.01K |
| American Crystal Sugar Company PFD REST NON DIV (ASCS) | $316.55 Million | 254.25% | 1.77x | $54.72 Million |
| Autobacs Seven Co. Ltd (ATBSF) | $127.35 Billion | 4.24% | 0.47x | $167.34K |
| Brookfield Asset Management Inc FR PRF PERPETUAL CAD 25 Ser 2 Cls A (BKFAF) | $11.77 Billion | 6.69% | 3.72x | $76.46K |
| Bristol-Myers Squibb Company PFD CONV 2 (BMYMP) | $5.08 Billion | 14.69% | 0.67x | $9.45 Million |
| BOL Bancshares Inc. PFD (BOLBP) | $11.94 Million | 0.62% | 6.68x | $0.91 |
| NYSE LISTED TEST STOCK FOR CTS AND CQS (CBO) | $3.36 Billion | 11.17% | 0.52x | $237.68K |
| Canadian Utilities Limited 2ND PFD SER Y (CNAUF) | $4.14 Billion | 10.45% | 1.28x | $142.90K |
| Central Parking Finance Trust PFD TR CV SECS (CRLKP) | $374.10 | 13.04% | 2.96x | $224.78K |