Fundamenta Real Estate AG (FREN) - Net Assets
Based on the latest financial reports, Fundamenta Real Estate AG (FREN) has net assets worth CHF523.25 Million CHF (≈ $661.53 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CHF1.24 Billion ≈ $1.56 Billion USD) and total liabilities (CHF712.42 Million ≈ $900.69 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. Check Fundamenta Real Estate AG tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CHF523.25 Million |
| % of Total Assets | 42.35% |
| Annual Growth Rate | 13.0% |
| 5-Year Change | 28.99% |
| 10-Year Change | 166.92% |
| Growth Volatility | 14.12 |
Fundamenta Real Estate AG - Net Assets Trend (2012–2024)
This chart illustrates how Fundamenta Real Estate AG's net assets have evolved over time, based on quarterly financial data. See FREN days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Fundamenta Real Estate AG (2012–2024)
The table below shows the annual net assets of Fundamenta Real Estate AG from 2012 to 2024. For live valuation and market cap data, see FREN market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CHF512.40 Million ≈ $647.82 Million |
+2.80% |
| 2023-12-31 | CHF498.45 Million ≈ $630.17 Million |
-1.62% |
| 2022-12-31 | CHF506.68 Million ≈ $640.57 Million |
+1.14% |
| 2021-12-31 | CHF500.94 Million ≈ $633.33 Million |
+26.10% |
| 2020-12-31 | CHF397.26 Million ≈ $502.24 Million |
+3.70% |
| 2019-12-31 | CHF383.09 Million ≈ $484.33 Million |
+3.74% |
| 2018-12-31 | CHF369.27 Million ≈ $466.85 Million |
+35.05% |
| 2017-12-31 | CHF273.42 Million ≈ $345.68 Million |
+36.37% |
| 2016-12-31 | CHF200.50 Million ≈ $253.49 Million |
+4.45% |
| 2015-12-31 | CHF191.97 Million ≈ $242.70 Million |
+28.38% |
| 2014-12-31 | CHF149.53 Million ≈ $189.05 Million |
+1.75% |
| 2013-12-31 | CHF146.96 Million ≈ $185.80 Million |
+24.34% |
| 2012-12-31 | CHF118.20 Million ≈ $149.43 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Fundamenta Real Estate AG'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 1750.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CHF219.90 Million | 42.91% |
| Common Stock | CHF180.38 Million | 35.20% |
| Other Comprehensive Income | CHF112.13 Million | 21.88% |
| Other Components | CHF1.00 | 0.00% |
| Total Equity | CHF512.40 Million | 100.00% |
Fundamenta Real Estate AG Competitors by Market Cap
The table below lists competitors of Fundamenta Real Estate AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenmao Technology Inc
TW:3305
|
$641.09 Million |
|
Z Squared Inc.
NASDAQ:ZSQR
|
$641.09 Million |
|
Chahua Modern Housewares Co Ltd
SHG:603615
|
$641.19 Million |
|
Viaplay Group AB (publ)
ST:VPLAY-B
|
$641.44 Million |
|
Rosenbauer International AG
VI:ROS
|
$640.56 Million |
|
EverQuote Inc Class A
NASDAQ:EVER
|
$640.46 Million |
|
Tatwah Smartech Co Ltd
SHE:002512
|
$640.43 Million |
|
Chengdu Xinzhu Road&Bridge Machinery Co Ltd
SHE:002480
|
$640.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fundamenta Real Estate AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 498,447,000 to 512,405,000, a change of 13,958,000 (2.8%).
- Net income of 30,493,000 contributed positively to equity growth.
- Dividend payments of 16,535,000 reduced retained earnings.
- Other comprehensive income decreased equity by 16,535,001.
- Other factors increased equity by 16,535,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CHF30.49 Million | +5.95% |
| Dividends Paid | CHF16.54 Million | -3.23% |
| Other Comprehensive Income | CHF-16.54 Million | -3.23% |
| Other Changes | CHF16.54 Million | +3.23% |
| Total Change | CHF- | 2.80% |
Book Value vs Market Value Analysis
This analysis compares Fundamenta Real Estate AG'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: 0.97x
- 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 decreased from 2.11x to 0.97x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CHF7.87 | CHF16.60 | x |
| 2013-12-31 | CHF15.72 | CHF16.60 | x |
| 2014-12-31 | CHF13.17 | CHF16.60 | x |
| 2015-12-31 | CHF16.04 | CHF16.60 | x |
| 2016-12-31 | CHF14.13 | CHF16.60 | x |
| 2017-12-31 | CHF18.38 | CHF16.60 | x |
| 2018-12-31 | CHF19.09 | CHF16.60 | x |
| 2019-12-31 | CHF15.15 | CHF16.60 | x |
| 2020-12-31 | CHF15.71 | CHF16.60 | x |
| 2021-12-31 | CHF17.60 | CHF16.60 | x |
| 2022-12-31 | CHF16.85 | CHF16.60 | x |
| 2023-12-31 | CHF16.58 | CHF16.60 | x |
| 2024-12-31 | CHF17.04 | CHF16.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fundamenta Real Estate AG 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): 5.95%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 72.86%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 2.40x
- Recent ROE (5.95%) is above the historical average (5.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 3.51% | 43.29% | 0.04x | 2.04x | CHF-7.68 Million |
| 2013 | 3.92% | 42.45% | 0.04x | 2.09x | CHF-8.94 Million |
| 2014 | 4.75% | 43.60% | 0.05x | 2.37x | CHF-7.85 Million |
| 2015 | 5.30% | 59.68% | 0.04x | 2.12x | CHF-9.01 Million |
| 2016 | 7.09% | 73.37% | 0.04x | 2.47x | CHF-5.84 Million |
| 2017 | 4.68% | 57.48% | 0.04x | 2.19x | CHF-14.55 Million |
| 2018 | 6.22% | 89.07% | 0.03x | 2.05x | CHF-13.94 Million |
| 2019 | 5.88% | 76.27% | 0.03x | 2.39x | CHF-15.80 Million |
| 2020 | 6.72% | 79.72% | 0.03x | 2.52x | CHF-13.03 Million |
| 2021 | 5.78% | 77.65% | 0.03x | 2.22x | CHF-21.15 Million |
| 2022 | 4.39% | 54.40% | 0.03x | 2.42x | CHF-28.40 Million |
| 2023 | 1.67% | 20.25% | 0.03x | 2.44x | CHF-41.54 Million |
| 2024 | 5.95% | 72.86% | 0.03x | 2.40x | CHF-20.75 Million |
Industry Comparison
This section compares Fundamenta Real Estate AG's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $1,120,949,335
- Average return on equity (ROE) among peers: 5.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fundamenta Real Estate AG (FREN) | CHF523.25 Million | 3.51% | 1.36x | $640.92 Million |
| Allreal Holding (ALLN) | $2.75 Billion | 7.99% | 1.19x | $3.78 Billion |
| CI Com SA (CIE) | $-524.48K | 0.00% | 0.00x | $2.63K |
| EPIC Suisse AG (EPIC) | $818.41 Million | 6.89% | 0.91x | $1.01 Billion |
| Investis Holding SA (IREN) | $427.41 Million | 9.73% | 1.30x | $1.96 Billion |
| Intershop Holding AG (ISN) | $468.95 Million | 10.80% | 1.48x | $1.57 Billion |
| Mobimo Hldg (MOBN) | $1.92 Billion | 6.53% | 1.07x | $2.54 Billion |
| Peach Property Group AG (PEAN) | $77.79 Million | -11.69% | 1.41x | $272.68 Million |
| PSP Swiss Property AG (PSPN) | $3.27 Billion | 12.36% | 0.85x | $6.55 Billion |
| SF Urban Properties AG (SFPN) | $364.51 Million | 11.12% | 1.18x | $338.19 Million |
About Fundamenta Real Estate AG
Fundamenta Real Estate AG engages in the acquisition and development of residential properties in Switzerland. The company was incorporated in 2006 and is based in Zug, Switzerland.