FullNet Communications Inc
FullNet Communications, Inc., together with its subsidiaries, provides integrated communications services to individuals, businesses, organizations, educational institutions, and governmental agencies in the United States. It provides mass notification services using text messages and automated telephone calls; carrier-neutral equipment colocation services; Internet access services; web hosting a… Read more
FullNet Communications Inc (FULO) - Net Assets
Latest net assets as of March 2025: $1.48 Million USD
Based on the latest financial reports, FullNet Communications Inc (FULO) has net assets worth $1.48 Million USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.68 Million) and total liabilities ($2.20 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 | $1.48 Million |
| % of Total Assets | 40.14% |
| Annual Growth Rate | 9.03% |
| 5-Year Change | 170.12% |
| 10-Year Change | N/A |
| Growth Volatility | 163.9 |
FullNet Communications Inc - Net Assets Trend (2000–2024)
This chart illustrates how FullNet Communications 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 FullNet Communications Inc (2000–2024)
The table below shows the annual net assets of FullNet Communications Inc from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.36 Million | -16.36% |
| 2023-12-31 | $1.62 Million | +15.74% |
| 2022-12-31 | $1.40 Million | +3.44% |
| 2021-12-31 | $1.35 Million | +169.77% |
| 2020-12-31 | $502.26K | +253.84% |
| 2019-12-31 | $-326.49K | +55.47% |
| 2018-12-31 | $-733.26K | +35.99% |
| 2017-12-31 | $-1.15 Million | -1.25% |
| 2016-12-31 | $-1.13 Million | +4.69% |
| 2015-12-31 | $-1.19 Million | -3.36% |
| 2014-12-31 | $-1.15 Million | -14.47% |
| 2013-12-31 | $-1.00 Million | +47.84% |
| 2012-12-31 | $-1.92 Million | -10.48% |
| 2011-12-31 | $-1.74 Million | +4.26% |
| 2010-12-31 | $-1.82 Million | +28.66% |
| 2009-12-31 | $-2.55 Million | -6.72% |
| 2008-12-31 | $-2.39 Million | -17.94% |
| 2007-12-31 | $-2.02 Million | -20.72% |
| 2006-12-31 | $-1.68 Million | -37.47% |
| 2005-12-31 | $-1.22 Million | +5.74% |
| 2004-12-31 | $-1.29 Million | +14.90% |
| 2003-12-31 | $-1.52 Million | -45.90% |
| 2002-12-31 | $-1.04 Million | -164.19% |
| 2001-12-31 | $-394.64K | -331.71% |
| 2000-12-31 | $170.31K | -- |
Equity Component Analysis
This analysis shows how different components contribute to FullNet Communications 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 325194100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $196.00 | 0.01% |
| Other Components | $9.69 Million | 714.09% |
| Total Equity | $1.36 Million | 100.00% |
FullNet Communications Inc Competitors by Market Cap
The table below lists competitors of FullNet Communications Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Federal International Holdings Bhd
KLSE:8605
|
$2.02 Million |
|
DB Energy S.A.
WAR:DBE
|
$2.02 Million |
|
MMEX Resources Corp
PINK:MMEX
|
$2.02 Million |
|
Traka Resources Ltd
AU:TKL
|
$2.02 Million |
|
SPOTLIGHT GROUP AB O.N.
F:7T7
|
$2.02 Million |
|
Tidewater Midstream and Infrastructure Ltd
PINK:TWMIF
|
$2.02 Million |
|
DO & CO
BE:DOQ
|
$2.01 Million |
|
Dotz SA
SA:DOTZ3
|
$2.01 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FullNet Communications Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,622,188 to 1,356,727, a change of -265,461 (-16.4%).
- Net income of 549,195 contributed positively to equity growth.
- Dividend payments of 947,161 reduced retained earnings.
- Other comprehensive income increased equity by 409,531.
- Other factors decreased equity by 277,026.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $549.20K | +40.48% |
| Dividends Paid | $947.16K | -69.81% |
| Other Comprehensive Income | $409.53K | +30.19% |
| Other Changes | $-277.03K | -20.42% |
| Total Change | $- | -16.36% |
Book Value vs Market Value Analysis
This analysis compares FullNet Communications 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: 3.93x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 5.31x to 3.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | $0.05 | $0.27 | x |
| 2001-12-31 | $-0.07 | $0.27 | x |
| 2002-12-31 | $-0.16 | $0.27 | x |
| 2003-12-31 | $-0.23 | $0.27 | x |
| 2004-12-31 | $-0.17 | $0.27 | x |
| 2005-12-31 | $-0.15 | $0.27 | x |
| 2006-12-31 | $-0.25 | $0.27 | x |
| 2007-12-31 | $-0.30 | $0.27 | x |
| 2008-12-31 | $-0.33 | $0.27 | x |
| 2009-12-31 | $-0.34 | $0.27 | x |
| 2010-12-31 | $-0.23 | $0.27 | x |
| 2011-12-31 | $-0.19 | $0.27 | x |
| 2012-12-31 | $-0.21 | $0.27 | x |
| 2013-12-31 | $-0.09 | $0.27 | x |
| 2014-12-31 | $-0.13 | $0.27 | x |
| 2015-12-31 | $-0.13 | $0.27 | x |
| 2016-12-31 | $-0.10 | $0.27 | x |
| 2017-12-31 | $-0.08 | $0.27 | x |
| 2018-12-31 | $-0.05 | $0.27 | x |
| 2019-12-31 | $-0.02 | $0.27 | x |
| 2020-12-31 | $0.03 | $0.27 | x |
| 2021-12-31 | $0.07 | $0.27 | x |
| 2022-12-31 | $0.07 | $0.27 | x |
| 2023-12-31 | $0.08 | $0.27 | x |
| 2024-12-31 | $0.07 | $0.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FullNet Communications 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): 40.48%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.98%
- • Asset Turnover: 1.34x
- • Equity Multiplier: 2.51x
- Recent ROE (40.48%) is above the historical average (-78.67%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | -2367.53% | -210.49% | 0.52x | 21.68x | $-4.05 Million |
| 2001 | 0.00% | -144.49% | 0.93x | 0.00x | $-3.29 Million |
| 2002 | 0.00% | -33.94% | 1.43x | 0.00x | $-718.72K |
| 2003 | 0.00% | -31.98% | 1.55x | 0.00x | $-526.49K |
| 2004 | 0.00% | 10.00% | 1.73x | 0.00x | $355.46K |
| 2005 | 0.00% | 3.12% | 1.94x | 0.00x | $196.34K |
| 2006 | 0.00% | -27.09% | 1.96x | 0.00x | $-311.57K |
| 2007 | 0.00% | -18.34% | 2.95x | 0.00x | $-145.16K |
| 2008 | 0.00% | -20.75% | 4.74x | 0.00x | $-152.73K |
| 2009 | 0.00% | -9.96% | 10.88x | 0.00x | $75.21K |
| 2010 | 0.00% | 46.68% | 13.57x | 0.00x | $969.70K |
| 2011 | 0.00% | 3.49% | 9.92x | 0.00x | $239.40K |
| 2012 | 0.00% | -11.89% | 12.44x | 0.00x | $2.71K |
| 2013 | 0.00% | 13.73% | 14.54x | 0.00x | $323.69K |
| 2014 | 0.00% | -9.56% | 11.37x | 0.00x | $-52.91K |
| 2015 | 0.00% | -2.88% | 14.64x | 0.00x | $64.66K |
| 2016 | 0.00% | -0.31% | 14.10x | 0.00x | $107.18K |
| 2017 | 0.00% | -1.42% | 14.00x | 0.00x | $87.76K |
| 2018 | 0.00% | 12.90% | 5.98x | 0.00x | $340.41K |
| 2019 | 0.00% | 13.15% | 1.82x | 0.00x | $350.90K |
| 2020 | 213.53% | 30.62% | 1.46x | 4.78x | $1.02 Million |
| 2021 | 65.90% | 21.59% | 1.28x | 2.38x | $757.48K |
| 2022 | 47.96% | 15.75% | 1.34x | 2.27x | $532.08K |
| 2023 | 32.80% | 12.70% | 1.23x | 2.10x | $369.92K |
| 2024 | 40.48% | 11.98% | 1.34x | 2.51x | $413.52K |
Industry Comparison
This section compares FullNet Communications Inc's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $44,462,353,944
- Average return on equity (ROE) among peers: -3489.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FullNet Communications Inc (FULO) | $1.48 Million | -2367.53% | 1.49x | $2.02 Million |
| Airtel Africa Plc (AARTY) | $2.77 Billion | 7.93% | 3.33x | $6.92 Billion |
| Airborne Wireless Network (ABWN) | $106.58K | -34635.01% | 3.96x | $437.69K |
| Access-Power & Co. Inc (ACCR) | $753.00 | -0.13% | 3.17x | $572.84K |
| Array Digital Infrastructure, Inc. (AD) | $3.69 Billion | 0.33% | 0.85x | $745.85 Million |
| Alvarion Ltd (ALVRQ) | $122.09 Million | -80.66% | 0.76x | $0.97 |
| América Móvil, S.A.B. de C.V. (AMXOF) | $437.83 Billion | 17.39% | 2.70x | $12.75 Billion |
| Alpha One Inc (AOAO) | $27.96 Million | -1.08% | 0.50x | $11.15 Million |
| American Nortel Communications Inc (ARTM) | $333.42K | -8.16% | 0.37x | $213.62 |
| Vapor Hub International Inc. (ASHI) | $15.12K | -175.34% | 0.19x | $5.26K |
| Anterix Inc (ATEX) | $180.76 Million | -23.23% | 0.09x | $481.87 Million |