First Abacus Financial Holdings Corp
First Abacus Financial Holdings Corp operates in Asset Management & Custody Banks.
First Abacus Financial Holdings Corp (FAF) - Net Assets
Latest net assets as of June 2023: ₱982.07 Million PHP
Based on the latest financial reports, First Abacus Financial Holdings Corp (FAF) has net assets worth ₱982.07 Million PHP as of June 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₱7.90 Billion) and total liabilities (₱6.92 Billion). 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 | ₱982.07 Million |
| % of Total Assets | 12.42% |
| Annual Growth Rate | -8.81% |
| 5-Year Change | 74.19% |
| 10-Year Change | N/A |
| Growth Volatility | 27.43 |
First Abacus Financial Holdings Corp - Net Assets Trend (2014–2022)
This chart illustrates how First Abacus Financial Holdings Corp'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 Abacus Financial Holdings Corp (2014–2022)
The table below shows the annual net assets of First Abacus Financial Holdings Corp from 2014 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱1.10 Billion | +1.13% |
| 2021-12-31 | ₱1.08 Billion | +32.23% |
| 2020-12-31 | ₱819.44 Million | +22.56% |
| 2019-12-31 | ₱668.62 Million | +6.28% |
| 2018-12-31 | ₱629.08 Million | -56.44% |
| 2017-12-31 | ₱1.44 Billion | -35.74% |
| 2016-12-31 | ₱2.25 Billion | +5.93% |
| 2015-12-31 | ₱2.12 Billion | -7.40% |
| 2014-12-31 | ₱2.29 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Abacus Financial Holdings Corp'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 154298128000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₱1.19 Billion | 108.89% |
| Other Components | ₱1.45 Billion | 131.92% |
| Total Equity | ₱1.10 Billion | 100.00% |
First Abacus Financial Holdings Corp Competitors by Market Cap
The table below lists competitors of First Abacus Financial Holdings Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AIRTHINGS AS NK -01
F:64J
|
$103.71 |
|
Accentro Real Estate AG
F:A4Y
|
$104.15 |
|
Fuel Ventures Vct Plc
LSE:FVV
|
$104.39 |
|
Aberforth Geared Value &
LSE:AGVI
|
$105.03 |
|
Bright Kindle Resources & Investments Inc
PSE:BKR
|
$103.55 |
|
Peer To Peer Network
PINK:PTOP
|
$103.46 |
|
HIPPO VALLEY ESTATES LIMITED
XZIM:HIPO
|
$103.00 |
|
Adynxx Inc
PINK:ADYX
|
$102.99 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Abacus Financial Holdings Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 1,083,567,550 to 1,095,799,020, a change of 12,231,470 (1.1%).
- Net loss of 282,415,900 reduced equity.
- Other factors increased equity by 294,647,370.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱-282.42 Million | -25.77% |
| Other Changes | ₱294.65 Million | +26.89% |
| Total Change | ₱- | 1.13% |
Book Value vs Market Value Analysis
This analysis compares First Abacus Financial Holdings Corp'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: 0.62x
- 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.
- The price-to-book ratio has increased from 0.30x to 0.62x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₱2.20 | ₱0.66 | x |
| 2017-12-31 | ₱1.41 | ₱0.66 | x |
| 2018-12-31 | ₱0.62 | ₱0.66 | x |
| 2019-12-31 | ₱0.65 | ₱0.66 | x |
| 2020-12-31 | ₱0.80 | ₱0.66 | x |
| 2021-12-31 | ₱1.06 | ₱0.66 | x |
| 2022-12-31 | ₱1.07 | ₱0.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Abacus Financial Holdings Corp 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): -25.77%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -152.25%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 7.52x
- Recent ROE (-25.77%) is below the historical average (-14.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 4.84% | 18.60% | 0.11x | 2.38x | ₱-118.19 Million |
| 2015 | 0.15% | 0.84% | 0.07x | 2.50x | ₱-209.07 Million |
| 2016 | -0.16% | -0.85% | 0.07x | 2.69x | ₱-228.28 Million |
| 2017 | -1.34% | -4.08% | 0.08x | 4.21x | ₱-163.80 Million |
| 2018 | -62.57% | -137.80% | 0.06x | 8.21x | ₱-456.51 Million |
| 2019 | -27.02% | -82.28% | 0.04x | 8.55x | ₱-247.55 Million |
| 2020 | -11.64% | -35.12% | 0.04x | 7.97x | ₱-177.31 Million |
| 2021 | -3.27% | -9.41% | 0.05x | 7.22x | ₱-143.81 Million |
| 2022 | -25.77% | -152.25% | 0.02x | 7.52x | ₱-392.00 Million |
Industry Comparison
This section compares First Abacus Financial Holdings Corp's net assets metrics with peer companies in the Investment Banking & Investment Services industry.
Industry Context
- Industry: Investment Banking & Investment Services
- Average net assets among peers: $4,276,892,511
- Average return on equity (ROE) among peers: 2.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Abacus Financial Holdings Corp (FAF) | ₱982.07 Million | 4.84% | 7.05x | $103.61 |
| Abacore Capital Holdings Inc (ABA) | $16.32 Billion | 12.40% | 0.20x | $57.17 |
| Asiabest Group International Inc (ABG) | $258.08 Million | -1.75% | 0.00x | $3.34K |
| Bright Kindle Resources & Investments Inc (BKR) | $1.03 Billion | -0.26% | 1.80x | $103.55 |
| Medco Holdings Inc (MED) | $34.03 Million | -16.09% | 0.32x | $15.52 |
| Prime Media Holdings Inc (PRIM) | $-140.72 Million | 0.00% | 0.00x | $142.13 |
| Philippine Stock Exchange Inc (PSE) | $6.21 Billion | 11.71% | 0.07x | $32.93K |
| Republic Glass Holdings Corp (REG) | $1.59 Billion | 1.40% | 0.08x | $474.65 |
| Vantage Equities Inc (V) | $8.92 Billion | 11.72% | 0.42x | $152.32 |