Forum Pacific Inc
Forum Pacific Inc operates in Oil & Gas Exploration & Production.
Forum Pacific Inc (FPI) - Net Assets
Latest net assets as of September 2023: ₱329.30 Million PHP
Based on the latest financial reports, Forum Pacific Inc (FPI) has net assets worth ₱329.30 Million PHP as of September 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₱335.75 Million) and total liabilities (₱6.45 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 | ₱329.30 Million |
| % of Total Assets | 98.08% |
| Annual Growth Rate | -1.04% |
| 5-Year Change | -0.87% |
| 10-Year Change | N/A |
| Growth Volatility | 2.14 |
Forum Pacific Inc - Net Assets Trend (2014–2022)
This chart illustrates how Forum Pacific 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 Forum Pacific Inc (2014–2022)
The table below shows the annual net assets of Forum Pacific Inc from 2014 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱334.42 Million | -1.15% |
| 2021-12-31 | ₱338.29 Million | +2.29% |
| 2020-12-31 | ₱330.71 Million | -0.77% |
| 2019-12-31 | ₱333.26 Million | -1.21% |
| 2018-12-31 | ₱337.34 Million | +1.26% |
| 2017-12-31 | ₱333.15 Million | -5.40% |
| 2016-12-31 | ₱352.16 Million | -1.00% |
| 2015-12-31 | ₱355.72 Million | -2.16% |
| 2014-12-31 | ₱363.58 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Forum Pacific 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 84836473000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₱1.21 Billion | 361.09% |
| Total Equity | ₱334.42 Million | 100.00% |
Forum Pacific Inc Competitors by Market Cap
The table below lists competitors of Forum Pacific Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LIVESTOCK FEEDS PLC
XNSA:LIVESTOCK
|
$45.29 |
|
NB Distressed Debt New Glb
LSE:NBDG
|
$45.41 |
|
WhereverTV Broadcasting Corporation
PINK:TVTV
|
$45.46 |
|
Man Shing Agricultural Holdings Inc
PINK:MSAH
|
$45.72 |
|
ARDANA
LSE:ARA
|
$44.71 |
|
JULI PLC
XNSA:JULI
|
$44.69 |
|
GOLDEN GUINEA BREWERIES PLC
XNSA:GOLDBREW
|
$44.57 |
|
CANADA CARBON (U7N1.SG)
STU:U7N1
|
$44.40 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Forum Pacific Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 338,292,670 to 334,416,370, a change of -3,876,300 (-1.1%).
- Net income of 2,900,230 contributed positively to equity growth.
- Other factors decreased equity by 6,776,530.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱2.90 Million | +0.87% |
| Other Changes | ₱-6.78 Million | -2.03% |
| Total Change | ₱- | -1.15% |
Book Value vs Market Value Analysis
This analysis compares Forum Pacific 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: 1.48x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₱0.19 | ₱0.27 | x |
| 2017-12-31 | ₱0.18 | ₱0.27 | x |
| 2018-12-31 | ₱0.18 | ₱0.27 | x |
| 2019-12-31 | ₱0.18 | ₱0.27 | x |
| 2020-12-31 | ₱0.18 | ₱0.27 | x |
| 2021-12-31 | ₱0.18 | ₱0.27 | x |
| 2022-12-31 | ₱0.18 | ₱0.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Forum Pacific 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): 0.87%
- 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: 1.02x
- Recent ROE (0.87%) is above the historical average (-1.09%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -0.73% | 0.00% | 0.00x | 1.01x | ₱-38.16 Million |
| 2016 | -0.94% | 0.00% | 0.00x | 1.01x | ₱-38.53 Million |
| 2017 | -6.84% | 0.00% | 0.00x | 1.01x | ₱-56.09 Million |
| 2018 | -0.78% | 0.00% | 0.00x | 1.01x | ₱-36.36 Million |
| 2019 | -0.62% | 0.00% | 0.00x | 1.01x | ₱-35.39 Million |
| 2020 | -0.70% | 0.00% | 0.00x | 1.01x | ₱-35.38 Million |
| 2021 | 0.98% | 0.00% | 0.00x | 1.02x | ₱-30.51 Million |
| 2022 | 0.87% | 0.00% | 0.00x | 1.02x | ₱-30.54 Million |
Industry Comparison
This section compares Forum Pacific Inc's net assets metrics with peer companies in the Oil & Gas industry.
Industry Context
- Industry: Oil & Gas
- Average net assets among peers: $15,250,656,473
- Average return on equity (ROE) among peers: -0.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Forum Pacific Inc (FPI) | ₱329.30 Million | -0.73% | 0.02x | $44.81 |
| APC Group Inc (APC) | $154.67 Million | -5.44% | 0.68x | $16.27 |
| Basic Energy Corp (BSC) | $681.25 Million | -8.53% | 0.10x | $20.04 |
| Oriental Petroleum and Minerals Corp (OPM) | $89.49 Million | 2.48% | 0.03x | $1.93 |
| Philodrill Corp (OV) | $2.98 Billion | -8.47% | 0.03x | $1.52 |
| Petron Corp (PCOR) | $79.77 Billion | -14.27% | 3.38x | $544.62 |
| Pryce Corp (PPC) | $13.44 Billion | 12.97% | 0.57x | $2.40K |
| PXP Energy Corp (PXP) | $643.29 Million | -3.48% | 10.40x | $477.62 |
| Pilipinas Shell Petroleum Corp (SHLPH) | $38.97 Billion | 13.03% | 1.06x | $1.81K |
| Seafront Resources Corp (SPM) | $527.34 Million | 3.82% | 0.09x | $340.68 |