Global Ferronickel Holdings Inc
Global Ferronickel Holdings Inc operates in Diversified Metals & Mining.
Global Ferronickel Holdings Inc (FNI) - Net Assets
Latest net assets as of September 2023: ₱12.08 Billion PHP
Based on the latest financial reports, Global Ferronickel Holdings Inc (FNI) has net assets worth ₱12.08 Billion PHP as of September 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₱18.03 Billion) and total liabilities (₱5.95 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 | ₱12.08 Billion |
| % of Total Assets | 66.99% |
| Annual Growth Rate | 9.07% |
| 5-Year Change | 69.87% |
| 10-Year Change | N/A |
| Growth Volatility | 9.24 |
Global Ferronickel Holdings Inc - Net Assets Trend (2014–2022)
This chart illustrates how Global Ferronickel Holdings 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 Global Ferronickel Holdings Inc (2014–2022)
The table below shows the annual net assets of Global Ferronickel Holdings Inc from 2014 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱10.85 Billion | +4.43% |
| 2021-12-31 | ₱10.39 Billion | +14.42% |
| 2020-12-31 | ₱9.08 Billion | +19.29% |
| 2019-12-31 | ₱7.61 Billion | +19.18% |
| 2018-12-31 | ₱6.39 Billion | -0.26% |
| 2017-12-31 | ₱6.40 Billion | -2.17% |
| 2016-12-31 | ₱6.55 Billion | +0.13% |
| 2015-12-31 | ₱6.54 Billion | +20.65% |
| 2014-12-31 | ₱5.42 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Global Ferronickel Holdings 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 28.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₱6.04 Billion | 55.67% |
| Common Stock | ₱6.38 Billion | 58.76% |
| Total Equity | ₱10.85 Billion | 100.00% |
Global Ferronickel Holdings Inc Competitors by Market Cap
The table below lists competitors of Global Ferronickel Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PINE TECH HLDGS
BE:PNY
|
$307.23 |
|
Image Scan Holdings Plc
LSE:IGE
|
$308.05 |
|
RALLYE (RAY.SG)
STU:RAY
|
$308.44 |
|
Sunrise Resources Plc
LSE:SRES
|
$308.93 |
|
ENZON PHARM - Dusseldorf Stock Exchang
DU:EZ1
|
$306.65 |
|
Bluebird Merchant Ventures Ltd
LSE:BMV
|
$306.26 |
|
Technology Minerals PLC
LSE:TM1
|
$306.00 |
|
NATURAL COOL
MU:N7E
|
$305.83 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Global Ferronickel Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 10,390,931,000 to 10,850,743,000, a change of 459,812,000 (4.4%).
- Net income of 1,921,387,000 contributed positively to equity growth.
- Dividend payments of 472,885,000 reduced retained earnings.
- Share repurchases of 55,407,000 reduced equity.
- Other factors decreased equity by 933,283,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱1.92 Billion | +17.71% |
| Dividends Paid | ₱472.88 Million | -4.36% |
| Share Repurchases | ₱55.41 Million | -0.51% |
| Other Changes | ₱-933.28 Million | -8.6% |
| Total Change | ₱- | 4.43% |
Book Value vs Market Value Analysis
This analysis compares Global Ferronickel Holdings 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: 0.91x
- 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 0.36x to 0.91x 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 | ₱5.32 | ₱1.90 | x |
| 2017-12-31 | ₱1.11 | ₱1.90 | x |
| 2018-12-31 | ₱1.16 | ₱1.90 | x |
| 2019-12-31 | ₱1.39 | ₱1.90 | x |
| 2020-12-31 | ₱1.70 | ₱1.90 | x |
| 2021-12-31 | ₱1.99 | ₱1.90 | x |
| 2022-12-31 | ₱2.09 | ₱1.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Global Ferronickel Holdings 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): 17.71%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.54%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 1.66x
- Recent ROE (17.71%) is below the historical average (22.47%), 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 | 88.76% | 53.16% | 1.18x | 1.41x | ₱4.27 Billion |
| 2015 | 17.00% | 17.02% | 0.72x | 1.39x | ₱457.96 Million |
| 2016 | 0.57% | 0.99% | 0.40x | 1.44x | ₱-617.16 Million |
| 2017 | 12.17% | 13.41% | 0.64x | 1.41x | ₱139.26 Million |
| 2018 | 7.98% | 9.29% | 0.62x | 1.39x | ₱-129.22 Million |
| 2019 | 17.18% | 19.65% | 0.62x | 1.41x | ₱546.52 Million |
| 2020 | 20.56% | 25.72% | 0.63x | 1.27x | ₱959.43 Million |
| 2021 | 20.27% | 27.33% | 0.53x | 1.40x | ₱1.07 Billion |
| 2022 | 17.71% | 28.54% | 0.37x | 1.66x | ₱836.31 Million |
Industry Comparison
This section compares Global Ferronickel Holdings Inc's net assets metrics with peer companies in the Metals & Mining industry.
Industry Context
- Industry: Metals & Mining
- Average net assets among peers: $2,438,567,118
- Average return on equity (ROE) among peers: -2.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Global Ferronickel Holdings Inc (FNI) | ₱12.08 Billion | 88.76% | 0.49x | $307.09 |
| Atok Big Wedge Co Inc (AB) | $635.03 Million | -3.02% | 0.00x | $297.15 |
| Apollo Global Capital Inc (APL) | $2.72 Billion | -0.56% | 0.23x | $1.31 |
| Apex Mining Co Inc (APX) | $5.29 Billion | 8.08% | 1.29x | $2.39K |
| Century Peak Holdings Corp (CPM) | $2.47 Billion | -3.56% | 3.44x | $402.68 |
| Dizon Copper Silver Mines Inc (DIZ) | $40.13 Million | 2.60% | 0.89x | $645.20 |
| Geograce Resources Philippines Inc (GEO) | $13.01 Million | -21.05% | 1.06x | $12.73 |
| Imperial Resources Inc (IMP) | $571.42 Million | 7.25% | 0.06x | $137.57 |
| Lepanto Consolidated Mining Co (LC) | $7.26 Billion | -12.81% | 1.34x | $30.08 |
| Manila Mining Corp (MA) | $2.94 Billion | -0.43% | 0.07x | $1.27 |