Fondul Proprietatea SA
Fondul Proprietatea SA is a publicly owned investment manager. The firm invests in the public equity markets of Romania. The firm primarily invests in Power, Oil and Gas sectors. Fondul Proprietatea SA was founded in 2005 and is based in Bucharest, Romania.
Fondul Proprietatea SA (FP) - Net Assets
Latest net assets as of September 2025: RON2.02 Billion RON
Based on the latest financial reports, Fondul Proprietatea SA (FP) has net assets worth RON2.02 Billion RON as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RON2.33 Billion) and total liabilities (RON312.85 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 | RON2.02 Billion |
| % of Total Assets | 86.6% |
| Annual Growth Rate | -32.26% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 43.66 |
Fondul Proprietatea SA - Net Assets Trend (2020–2024)
This chart illustrates how Fondul Proprietatea SA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Fondul Proprietatea SA (2020–2024)
The table below shows the annual net assets of Fondul Proprietatea SA from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RON2.16 Billion | -7.69% |
| 2023-12-31 | RON2.34 Billion | -83.92% |
| 2022-12-31 | RON14.57 Billion | +5.90% |
| 2021-12-31 | RON13.76 Billion | +34.00% |
| 2020-12-31 | RON10.27 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fondul Proprietatea SA'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 86.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RON940.95 Million | 43.52% |
| Other Components | RON1.22 Billion | 56.48% |
| Total Equity | RON2.16 Billion | 100.00% |
Fondul Proprietatea SA Competitors by Market Cap
The table below lists competitors of Fondul Proprietatea SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangxi Huangshanghuang Group Food Co Ltd
SHE:002695
|
$294.29 Million |
|
MBB SE
LSE:0J7X
|
$294.32 Million |
|
FrontView REIT, Inc.
NYSE:FVR
|
$294.35 Million |
|
ZheJiang BangJie Digital Knitting Share Co Ltd
SHE:002634
|
$294.48 Million |
|
Yunnan luoping Zinc & Electricity Co Ltd
SHE:002114
|
$294.10 Million |
|
MBB INDUSTRIES
XETRA:MBB
|
$294.02 Million |
|
Chongqing Gangjiu Co Ltd
SHG:600279
|
$294.02 Million |
|
Shenzhen Jame Technology Corp Ltd
SHE:300868
|
$293.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fondul Proprietatea SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,342,179,293 to 2,162,116,720, a change of -180,062,573 (-7.7%).
- Net income of 251,532,566 contributed positively to equity growth.
- Dividend payments of 852,446 reduced retained earnings.
- Share repurchases of 216,380,495 reduced equity.
- Other factors decreased equity by 214,362,198.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RON251.53 Million | +11.63% |
| Dividends Paid | RON852.45K | -0.04% |
| Share Repurchases | RON216.38 Million | -10.01% |
| Other Changes | RON-214.36 Million | -9.91% |
| Total Change | RON- | -7.69% |
Book Value vs Market Value Analysis
This analysis compares Fondul Proprietatea SA'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: 0.88x
- 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 0.37x to 0.88x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | RON1.60 | RON0.59 | x |
| 2021-12-31 | RON2.21 | RON0.59 | x |
| 2022-12-31 | RON2.57 | RON0.59 | x |
| 2023-12-31 | RON0.66 | RON0.59 | x |
| 2024-12-31 | RON0.68 | RON0.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fondul Proprietatea SA 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): 11.63%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 87.41%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 1.13x
- Recent ROE (11.63%) is above the historical average (5.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -1.00% | 0.00% | 0.00x | 1.01x | RON-1.13 Billion |
| 2021 | 36.44% | 97.81% | 0.36x | 1.03x | RON3.64 Billion |
| 2022 | 19.01% | 95.47% | 0.20x | 1.01x | RON1.31 Billion |
| 2023 | -38.60% | 0.00% | -0.15x | 1.26x | RON-1.14 Billion |
| 2024 | 11.63% | 87.41% | 0.12x | 1.13x | RON35.32 Million |
Industry Comparison
This section compares Fondul Proprietatea SA's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $3,068,413,097
- Average return on equity (ROE) among peers: 4.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fondul Proprietatea SA (FP) | RON2.02 Billion | -1.00% | 0.15x | $294.18 Million |
| Evergent Investments SA (EVER) | $2.38 Billion | 2.16% | 0.08x | $172.21 Million |
| Infinity Capital Investments S.A. (INFINITY) | $4.63 Billion | 2.98% | 0.10x | $301.18 Million |
| Lion Capital S.A. (LION) | $4.52 Billion | 3.34% | 0.07x | $8.92K |
| Societatea de Investitii Financiare Muntenia SA (SIF4) | $1.98 Billion | 13.47% | 0.04x | $3.37K |
| TRANSILVANIA INVESTMENTS ALLIANCE S.A. (TRANSI) | $1.83 Billion | 2.62% | 0.05x | $233.13 Million |