Fondul Proprietatea SA (FP) - Net Assets
Based on the latest financial reports, Fondul Proprietatea SA (FP) has net assets worth RON2.02 Billion RON (≈ $464.28 Million USD) 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 ≈ $536.11 Million USD) and total liabilities (RON312.85 Million ≈ $71.84 Million USD). 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. Read FP liabilities breakdown for a breakdown of total debt and financial obligations.
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. Also explore how large is Fondul Proprietatea SA's balance sheet for the complete picture of this company's asset base.
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. For live valuation and market cap data, see FP company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | RON2.16 Billion ≈ $496.46 Million |
-7.69% |
| 2023-12-31 | RON2.34 Billion ≈ $537.80 Million |
-83.92% |
| 2022-12-31 | RON14.57 Billion ≈ $3.35 Billion |
+5.90% |
| 2021-12-31 | RON13.76 Billion ≈ $3.16 Billion |
+34.00% |
| 2020-12-31 | RON10.27 Billion ≈ $2.36 Billion |
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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 |
|---|---|
|
2CRSI S.A.
PA:AL2SI
|
$367.07 Million |
|
Jiangxi Hengda Hi-Tech Co Ltd
SHE:002591
|
$367.24 Million |
|
Zhangjiagang Haiguo New Energy Equipment Manufacturing Co. Ltd.
SHE:301063
|
$367.43 Million |
|
Newtek Business Services Corp
NASDAQ:NEWT
|
$367.45 Million |
|
Shanghai Dragonnet Tech
SHE:300245
|
$366.93 Million |
|
Axiomtek Co Ltd
TWO:3088
|
$366.75 Million |
|
Hanil Cement Co Ltd
KO:003300
|
$366.69 Million |
|
Maoming Petro-Chemical Shihua Co Ltd
SHE:000637
|
$366.68 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: 0.80x
- 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 0.34x to 0.80x 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 | RON0.54 | x |
| 2021-12-31 | RON2.21 | RON0.54 | x |
| 2022-12-31 | RON2.57 | RON0.54 | x |
| 2023-12-31 | RON0.66 | RON0.54 | x |
| 2024-12-31 | RON0.68 | RON0.54 | 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: $1,919,000,780
- Average return on equity (ROE) among peers: 1.39%
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 | $366.97 Million |
| Evergent Investments SA (EVER) | $2.01 Billion | 0.16% | 0.08x | $603.20 Million |
| TRANSILVANIA INVESTMENTS ALLIANCE S.A. (TRANSI) | $1.83 Billion | 2.62% | 0.05x | $297.17 Million |
About 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.