Freedom Internet Group Inc
Freedom Internet Group Inc. acquires, holds, and manages royalty interests derived from internet-based businesses in the United States. It offers management consulting services to the operators over the life of the agreement. Freedom Internet Group Inc. was incorporated in 2018 and is headquartered in San Juan, Puerto Rico.
Freedom Internet Group Inc (FIGI) - Net Assets
Latest net assets as of April 2024: $741.92K USD
Based on the latest financial reports, Freedom Internet Group Inc (FIGI) has net assets worth $741.92K USD as of April 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($742.58K) and total liabilities ($655.00). 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 | $741.92K |
| % of Total Assets | 99.91% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1.98 |
Freedom Internet Group Inc - Net Assets Trend (2019–2023)
This chart illustrates how Freedom Internet Group 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 Freedom Internet Group Inc (2019–2023)
The table below shows the annual net assets of Freedom Internet Group Inc from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-10-31 | $800.04K | -24.16% |
| 2022-10-31 | $1.05 Million | -22.95% |
| 2021-10-31 | $1.37 Million | -19.48% |
| 2020-10-31 | $1.70 Million | +1341.63% |
| 2019-10-31 | $-136.93K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Freedom Internet Group 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 147902700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $111.32K | 13.91% |
| Other Comprehensive Income | $95.00K | 11.87% |
| Other Components | $2.24 Million | 280.04% |
| Total Equity | $800.04K | 100.00% |
Freedom Internet Group Inc Competitors by Market Cap
The table below lists competitors of Freedom Internet Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Winshear Gold Corp
V:WINS
|
$3.35 Million |
|
Grid Battery Metals Inc.
OTCQB:EVKRF
|
$3.35 Million |
|
ID Logistics
STU:1ID
|
$3.35 Million |
|
OSK Ventures International Bhd
KLSE:0053
|
$3.35 Million |
|
Huntington Exploration Inc
PINK:HEXPF
|
$3.35 Million |
|
Hour Loop Inc
NASDAQ:HOUR
|
$3.34 Million |
|
Energoaparatura S.A.
WAR:ENP
|
$3.34 Million |
|
Ttbio Corp.
TWO:6493
|
$3.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Freedom Internet Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,054,893 to 800,041, a change of -254,852 (-24.2%).
- Net loss of 254,851 reduced equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-254.85K | -31.85% |
| Other Changes | $-1.00 | -0.0% |
| Total Change | $- | -24.16% |
Book Value vs Market Value Analysis
This analysis compares Freedom Internet Group 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
- Current price-to-book ratio: 28.52x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-10-31 | $-0.03 | $2.05 | x |
| 2020-10-31 | $0.18 | $2.05 | x |
| 2021-10-31 | $0.12 | $2.05 | x |
| 2022-10-31 | $0.09 | $2.05 | x |
| 2023-10-31 | $0.07 | $2.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Freedom Internet Group 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): -31.85%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -858.52%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.01x
- Recent ROE (-31.85%) is below the historical average (-27.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | -7533.69% | 0.00x | 0.00x | $-154.01K |
| 2020 | -38.93% | -648.43% | 0.06x | 1.02x | $-831.94K |
| 2021 | -27.03% | -558.85% | 0.05x | 1.01x | $-507.01K |
| 2022 | -38.79% | 0.00% | -0.06x | 1.01x | $-514.65K |
| 2023 | -31.85% | -858.52% | 0.04x | 1.01x | $-334.86K |
Industry Comparison
This section compares Freedom Internet Group Inc's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $310,488,743
- Average return on equity (ROE) among peers: -23.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Freedom Internet Group Inc (FIGI) | $741.92K | 0.00% | 0.00x | $3.35 Million |
| Aberdeen International Inc (AABVF) | $136.31 Million | 25.56% | 0.23x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $1.39 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.43 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $605.01 Million | 3.35% | 0.58x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $85.10 Million | -65.65% | 0.01x | $77.20K |
| AGF Management Limited (AGFMF) | $1.12 Billion | 10.14% | 3.56x | $298.43 Million |
| Agronomics Limited (AGNMF) | $100.03 Million | 1.02% | 0.02x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $6.11 Million | -266.31% | 0.76x | $2.71 Million |