Friendable Inc
Friendable, Inc., a mobile-focused technology and marketing company, connects and engages users through applications. The company offers the Friendable, a social application where users can create one-on-one or group-style meetups. It also provides Fan Pass, a mobile application that connects fans to their favorite celebrity or artist. The company was formerly known as iHookup Social, Inc. and ch… Read more
Friendable Inc (FDBL) - Net Assets
Latest net assets as of December 2022: $-5.75 Million USD
Based on the latest financial reports, Friendable Inc (FDBL) has net assets worth $-5.75 Million USD as of December 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($214.26K) and total liabilities ($5.97 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 | $-5.75 Million |
| % of Total Assets | -2685.58% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 364.75 |
Friendable Inc - Net Assets Trend (2008–2022)
This chart illustrates how Friendable Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Friendable Inc (2008–2022)
The table below shows the annual net assets of Friendable Inc from 2008 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $-5.75 Million | -21.05% |
| 2021-12-31 | $-4.75 Million | +10.11% |
| 2020-12-31 | $-5.29 Million | +66.89% |
| 2019-12-31 | $-15.97 Million | -55.99% |
| 2018-12-31 | $-10.24 Million | -36.79% |
| 2017-12-31 | $-7.48 Million | -97.53% |
| 2016-12-31 | $-3.79 Million | -152.58% |
| 2015-12-31 | $-1.50 Million | -54.14% |
| 2014-12-31 | $-973.15K | -19.32% |
| 2013-12-31 | $-815.61K | -242.48% |
| 2012-12-31 | $572.44K | +216.33% |
| 2011-12-31 | $180.96K | +2338.52% |
| 2009-12-31 | $-8.08K | -677.02% |
| 2008-12-31 | $1.40K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Friendable Inc'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 4307711100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $554.33K | % |
| Other Comprehensive Income | $632.00 | % |
| Other Components | $36.79 Million | % |
| Total Equity | $-5.75 Million | 100.00% |
Friendable Inc Competitors by Market Cap
The table below lists competitors of Friendable Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Medicofarma Biotech S.A.
WAR:MDB
|
$823.22 |
|
LODESTAR MIN
BE:3EJ
|
$823.79 |
|
CRESTA MARAKANELO LIMITED
XBOT:CRE-EQO
|
$824.78 |
|
Vietnam Enterprise Investments Limited
LSE:VEIL
|
$826.00 |
|
Grupa Modne Zakupy S.A.
WAR:GMZ
|
$821.10 |
|
Malvern International
LSE:MLVN
|
$820.81 |
|
Quality Hospitality Leasehold Property Fund
BK:QHOP
|
$817.98 |
|
AGROWILL GROUP
MU:W9Z
|
$817.17 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Friendable Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from -4,753,482 to -5,754,237, a change of -1,000,755.
- Net loss of 3,303,000 reduced equity.
- Other factors increased equity by 2,302,245.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.30 Million | -57.4% |
| Other Changes | $2.30 Million | +40.01% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Friendable Inc'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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | $1605500.00 | $0.00 | x |
| 2008-12-31 | $280.20 | $0.00 | x |
| 2009-12-31 | $-808400.00 | $0.00 | x |
| 2010-12-31 | $-1756900.00 | $0.00 | x |
| 2011-12-31 | $0.00 | $0.00 | x |
| 2012-12-31 | $0.00 | $0.00 | x |
| 2013-12-31 | $0.00 | $0.00 | x |
| 2014-12-31 | $0.00 | $0.00 | x |
| 2015-12-31 | $-139796.55 | $0.00 | x |
| 2016-12-31 | $-59703.50 | $0.00 | x |
| 2017-12-31 | $-13340.75 | $0.00 | x |
| 2018-12-31 | $-16486.15 | $0.00 | x |
| 2019-12-31 | $-2005.56 | $0.00 | x |
| 2020-12-31 | $-31.67 | $0.00 | x |
| 2021-12-31 | $-8.89 | $0.00 | x |
| 2022-12-31 | $-0.86 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Friendable Inc 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1785.58%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-234.38%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -151.95% | 0.00% | 0.00x | 1.00x | $-26.00K |
| 2008 | -2475.02% | -714.21% | 0.83x | 4.16x | $-34.82K |
| 2009 | 0.00% | 0.00% | 0.00x | 0.00x | $-8.68K |
| 2010 | 0.00% | 0.00% | 0.00x | 0.00x | $-7.73K |
| 2011 | -527.74% | 0.00% | 0.00x | 1.12x | $-973.10K |
| 2012 | -595.30% | 0.00% | 0.00x | 3.06x | $-3.47 Million |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.79 Million |
| 2014 | 0.00% | -2203.75% | 1.51x | 0.00x | $-3.58 Million |
| 2015 | 0.00% | -2035.17% | 0.59x | 0.00x | $-2.93 Million |
| 2016 | 0.00% | -21163.97% | 0.18x | 0.00x | $-5.73 Million |
| 2017 | 0.00% | -64849.32% | 0.21x | 0.00x | $-4.89 Million |
| 2018 | 0.00% | -50436.19% | 0.24x | 0.00x | $-2.10 Million |
| 2019 | 0.00% | -4451.89% | 3.39x | 0.00x | $-9.21 Million |
| 2020 | 0.00% | -1138.49% | 2.70x | 0.00x | $-4.05 Million |
| 2021 | 0.00% | -58783.77% | 0.03x | 0.00x | $-3.42 Million |
| 2022 | 0.00% | -1785.58% | 0.86x | 0.00x | $-2.73 Million |
Industry Comparison
This section compares Friendable Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,558,090,989
- Average return on equity (ROE) among peers: -47.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Friendable Inc (FDBL) | $-5.75 Million | -151.95% | N/A | $822.66 |
| Abaxx Technologies Inc (ABXXF) | $42.03 Million | -128.66% | 0.23x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $2.15 Million | -4.58% | 1.86x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $6.67 Billion | 12.49% | 0.51x | $104.01 Billion |
| Adcore Inc (ADCOF) | $9.73 Million | -22.96% | 0.49x | $3.03 Million |
| ADEIA CORP (ADEA) | $618.15 Million | -0.05% | 1.00x | $2.50 Billion |
| Automatic Data Processing Inc (ADP) | $6.19 Billion | 22.71% | 4.21x | $84.26 Billion |
| Autodesk Inc (ADSK) | $2.04 Billion | 12.11% | 1.11x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $445.50K | -270.60% | 3.60x | $0.93 |
| AudioEye Inc (AEYE) | $10.59 Million | -98.53% | 1.31x | $49.31 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.97 |