First High-School Education Group Co Ltd
First High-School Education Group Co., Ltd. operates private high schools in Western China. The company provides private fundamental education and complementary education services, including middle and high school, and tutorial school. It also offers management services and management consulting services. The company operates a network of schools located in Yunnan province, Shaanxi province, Hena… Read more
First High-School Education Group Co Ltd (FHSEY) - Net Assets
Latest net assets as of June 2024: $166.73 Million USD
Based on the latest financial reports, First High-School Education Group Co Ltd (FHSEY) has net assets worth $166.73 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 ($827.02 Million) and total liabilities ($660.30 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 | $166.73 Million |
| % of Total Assets | 20.16% |
| Annual Growth Rate | 32.19% |
| 5-Year Change | 121.41% |
| 10-Year Change | N/A |
| Growth Volatility | 119.16 |
First High-School Education Group Co Ltd - Net Assets Trend (2018–2023)
This chart illustrates how First High-School Education Group Co Ltd'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 High-School Education Group Co Ltd (2018–2023)
The table below shows the annual net assets of First High-School Education Group Co Ltd from 2018 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $155.44 Million | -32.61% |
| 2022-12-31 | $230.66 Million | +18.29% |
| 2021-12-31 | $194.99 Million | +304.24% |
| 2020-12-31 | $-95.47 Million | -235.99% |
| 2019-12-31 | $70.21 Million | +82.27% |
| 2018-12-31 | $38.52 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First High-School Education Group Co Ltd'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 151300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $6.00K | 0.00% |
| Other Comprehensive Income | $54.26 Million | 35.36% |
| Other Components | $305.20 Million | 198.87% |
| Total Equity | $153.47 Million | 100.00% |
First High-School Education Group Co Ltd Competitors by Market Cap
The table below lists competitors of First High-School Education Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Premier African Minerals Limited
PINK:PRMMF
|
$1.86 Million |
|
TAKE-TWO INTERACT - Dusseldorf Stock Exchang
DU:TKE
|
$1.86 Million |
|
Stuve Gold Corp
V:STUV
|
$1.86 Million |
|
Yaprak Sut ve Besi Ciftlikleri Sanayi ve Ticaret AS
IS:YAPRK
|
$1.86 Million |
|
Highway 50 Gold Corp
PINK:HGGCF
|
$1.85 Million |
|
Amfin Financial Corp
PINK:AFNL
|
$1.85 Million |
|
CopperEx Resources Corporation
V:CUEX
|
$1.85 Million |
|
Digistar Corporation Bhd
KLSE:0029
|
$1.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First High-School Education Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 230,233,000 to 153,468,000, a change of -76,765,000 (-33.3%).
- Net loss of 72,189,000 reduced equity.
- Other comprehensive income decreased equity by 2,535,000.
- Other factors decreased equity by 2,041,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-72.19 Million | -47.04% |
| Other Comprehensive Income | $-2.54 Million | -1.65% |
| Other Changes | $-2.04 Million | -1.33% |
| Total Change | $- | -33.34% |
Book Value vs Market Value Analysis
This analysis compares First High-School Education Group Co Ltd'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: 0.02x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $1.44 | $0.09 | x |
| 2019-12-31 | $2.61 | $0.09 | x |
| 2020-12-31 | $-3.30 | $0.09 | x |
| 2021-12-31 | $6.35 | $0.09 | x |
| 2022-12-31 | $7.79 | $0.09 | x |
| 2023-12-31 | $5.30 | $0.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First High-School Education Group Co Ltd 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): -47.04%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -27.11%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 6.46x
- Recent ROE (-47.04%) is above the historical average (-66.21%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -440.54% | -66.89% | 0.59x | 11.14x | $-173.54 Million |
| 2019 | 45.07% | 9.39% | 0.65x | 7.35x | $24.59 Million |
| 2020 | 0.00% | 18.13% | 0.70x | 0.00x | $90.38 Million |
| 2021 | 29.04% | 13.17% | 0.45x | 4.87x | $34.55 Million |
| 2022 | 16.21% | 10.90% | 0.48x | 3.09x | $14.30 Million |
| 2023 | -47.04% | -27.11% | 0.27x | 6.46x | $-87.54 Million |
Industry Comparison
This section compares First High-School Education Group Co Ltd's net assets metrics with peer companies in the Education & Training Services industry.
Industry Context
- Industry: Education & Training Services
- Average net assets among peers: $1,197,694,821
- Average return on equity (ROE) among peers: -57.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First High-School Education Group Co Ltd (FHSEY) | $166.73 Million | -440.54% | 3.96x | $1.86 Million |
| ATA Creativity Global (AACG) | $50.32 Million | -242.94% | 0.93x | $25.30 Million |
| Afya Ltd (AFYA) | $3.64 Billion | 10.60% | 1.08x | $112.89 Million |
| Alliance International Education Leasing Holdings Limited (ALCIF) | $2.60 Billion | 14.32% | 0.61x | $519.50 Million |
| Ambow Education Holding Ltd (AMBO) | $1.38 Billion | -77.81% | 1.30x | $6.74 Million |
| American Public Education Inc (APEI) | $349.73 Million | -32.88% | 0.96x | $676.30 Million |
| Argentum 47 Inc (ARGQ) | $-864.76K | 0.00% | 0.00x | $45.77K |
| Asiarim Corporation (ARMC) | $-263.95K | 0.00% | 0.00x | $1.30K |
| Aspen Group Inc (ASPU) | $5.40K | -250.85% | 0.67x | $3.75 Million |
| Adtalem Global Education Inc (ATGE) | $1.54 Billion | 8.70% | 0.30x | $3.32 Billion |
| Bright Scholar Education Holdings Ltd Class A (BEDU) | $2.41 Billion | -4.96% | 1.27x | $57.66 Million |