FRX Innovations Inc.
FRX Innovations Inc. manufactures and sells flame-retardant polyphosphate polymers under the Nofia brand name in Asia, Europe, and the Americas. The company's products including homopolymers, used in carpets, textiles, connectors, wires and cables, and transparent sheet products and blown films; copolymers used in housings, sheets, fibers, and lightings; and reactive oligomers used in decorative … Read more
FRX Innovations Inc. (FRXIF) - Net Assets
Latest net assets as of September 2024: $-2.01 Million USD
Based on the latest financial reports, FRX Innovations Inc. (FRXIF) has net assets worth $-2.01 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($18.11 Million) and total liabilities ($20.12 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 | $-2.01 Million |
| % of Total Assets | -11.09% |
| Annual Growth Rate | N/A |
| 5-Year Change | -90.96% |
| 10-Year Change | N/A |
| Growth Volatility | 6.09 |
FRX Innovations Inc. - Net Assets Trend (2018–2023)
This chart illustrates how FRX Innovations 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 FRX Innovations Inc. (2018–2023)
The table below shows the annual net assets of FRX Innovations Inc. from 2018 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $581.36K | -90.33% |
| 2022-12-31 | $6.01 Million | +173.47% |
| 2021-12-31 | $-8.18 Million | -4976.12% |
| 2020-12-31 | $-161.22K | -102.51% |
| 2019-12-31 | $6.43 Million | +163.04% |
| 2018-12-31 | $-10.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to FRX Innovations 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 grown by 3799716200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $29.50 Million | 2632.39% |
| Other Comprehensive Income | $-1.00 Million | -89.64% |
| Other Components | $27.15 Million | 2423.03% |
| Total Equity | $1.12 Million | 100.00% |
FRX Innovations Inc. Competitors by Market Cap
The table below lists competitors of FRX Innovations Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Duoback Co. Ltd
KQ:073190
|
$3.47 Million |
|
International Network System PCL
BK:ITNS
|
$3.47 Million |
|
Kiang Huat Sea Gull Trading Frozen Food Public Company Limited
BK:CHOTI
|
$3.48 Million |
|
LABEL VIE
BC:LABEL-VIE
|
$3.48 Million |
|
Independent ESG Mix
CO:IIKESGMIX
|
$3.47 Million |
|
MURPHY USA
BE:1MU
|
$3.47 Million |
|
CFI Holding SA
WAR:CFI
|
$3.47 Million |
|
Oceana
JSE:OCE
|
$3.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FRX Innovations Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 6,551,492 to 1,120,649, a change of -5,430,843 (-82.9%).
- Net loss of 8,660,621 reduced equity.
- New share issuances of 3,625,087 increased equity.
- Other comprehensive income decreased equity by 44,623.
- Other factors decreased equity by 350,686.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-8.66 Million | -772.82% |
| Share Issuances | $3.63 Million | +323.48% |
| Other Comprehensive Income | $-44.62K | -3.98% |
| Other Changes | $-350.69K | -31.29% |
| Total Change | $- | -82.89% |
Book Value vs Market Value Analysis
This analysis compares FRX Innovations 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: 3.01x
- 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 |
|---|---|---|---|
| 2018-12-31 | $-0.12 | $0.04 | x |
| 2019-12-31 | $0.09 | $0.04 | x |
| 2020-12-31 | $0.01 | $0.04 | x |
| 2021-12-31 | $-0.15 | $0.04 | x |
| 2022-12-31 | $0.11 | $0.04 | x |
| 2023-12-31 | $0.01 | $0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FRX Innovations 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): -772.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 16.71x
- Recent ROE (-772.82%) is below the historical average (-543.46%), 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 | -115.52% | -143.37% | 0.19x | 4.17x | $-8.77 Million |
| 2020 | -1612.65% | -117.25% | 0.19x | 72.67x | $-6.23 Million |
| 2021 | 0.00% | -142.67% | 0.24x | 0.00x | $-7.97 Million |
| 2022 | -216.33% | -455.12% | 0.13x | 3.57x | $-14.83 Million |
| 2023 | -772.82% | 0.00% | 0.00x | 16.71x | $-8.77 Million |
Industry Comparison
This section compares FRX Innovations Inc.'s net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $7,181,833,981
- Average return on equity (ROE) among peers: 7.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FRX Innovations Inc. (FRXIF) | $-2.01 Million | -115.52% | N/A | $3.47 Million |
| AirBoss of America Corp (ABSSF) | $197.00 Million | -16.19% | 1.24x | $57.06 Million |
| Asia Carbon Industries Inc (ACRB) | $19.13 Million | 17.11% | 0.33x | $0.98 |
| Aimia Inc (AIMFF) | $1.29 Billion | -4.63% | 2.83x | $103.68 Million |
| L'Air Liquide S.A (AIQUF) | $11.83 Billion | 14.08% | 1.26x | $107.70 Billion |
| Akzo Nobel N.V (AKZOF) | $7.58 Billion | 14.03% | 1.29x | $9.73 Billion |
| Albemarle Corp (ALB) | $545.00 Million | 9.41% | 1.09x | $19.53 Billion |
| ALPEK S.A.B. de C.V (ALPKF) | $49.59 Billion | 15.64% | 1.50x | $214.40 Million |
| Altech Batteries Limited (ALTHF) | $97.54 Million | -5.87% | 0.01x | $27.89 Million |
| Arcadium Lithium plc (ALTM) | $333.00 Million | 14.14% | 0.12x | $6.26 Billion |
| Alto Ingredients Inc (ALTO) | $345.21 Million | 13.35% | 0.40x | $212.84 Million |