FMS Enterprises Migun Ltd (FBRT) - Net Assets
Based on the latest financial reports, FMS Enterprises Migun Ltd (FBRT) has net assets worth ILA553.74 Million ILA (≈ $1.48 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 (ILA588.64 Million ≈ $1.58 Million USD) and total liabilities (ILA34.90 Million ≈ $93.55K 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 FBRT asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ILA553.74 Million |
| % of Total Assets | 94.07% |
| Annual Growth Rate | -2.69% |
| 5-Year Change | 56.57% |
| 10-Year Change | 265.7% |
| Growth Volatility | 27.25 |
FMS Enterprises Migun Ltd - Net Assets Trend (2006–2024)
This chart illustrates how FMS Enterprises Migun Ltd's net assets have evolved over time, based on quarterly financial data. Also explore FBRT asset base for the complete picture of this company's asset base.
Annual Net Assets for FMS Enterprises Migun Ltd (2006–2024)
The table below shows the annual net assets of FMS Enterprises Migun Ltd from 2006 to 2024. For live valuation and market cap data, see FMS Enterprises Migun Ltd (FBRT) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ILA162.00 Million ≈ $434.32K |
+9.07% |
| 2023-12-31 | ILA148.53 Million ≈ $398.20K |
+18.24% |
| 2022-12-31 | ILA125.61 Million ≈ $336.76K |
+9.03% |
| 2021-12-31 | ILA115.21 Million ≈ $308.87K |
+11.35% |
| 2020-12-31 | ILA103.47 Million ≈ $277.39K |
+19.23% |
| 2019-12-31 | ILA86.78 Million ≈ $232.65K |
+24.01% |
| 2018-12-31 | ILA69.98 Million ≈ $187.60K |
+8.21% |
| 2017-12-31 | ILA64.67 Million ≈ $173.37K |
+19.87% |
| 2016-12-31 | ILA53.95 Million ≈ $144.64K |
+21.78% |
| 2015-12-31 | ILA44.30 Million ≈ $118.77K |
+26.01% |
| 2014-12-31 | ILA35.16 Million ≈ $94.25K |
+20.91% |
| 2013-12-31 | ILA29.08 Million ≈ $77.95K |
-34.56% |
| 2012-12-31 | ILA44.43 Million ≈ $119.12K |
-42.09% |
| 2011-12-31 | ILA76.72 Million ≈ $205.68K |
-0.75% |
| 2010-12-31 | ILA77.30 Million ≈ $207.24K |
-15.93% |
| 2009-12-31 | ILA91.95 Million ≈ $246.50K |
+32.40% |
| 2008-12-31 | ILA69.45 Million ≈ $186.19K |
-75.00% |
| 2007-12-31 | ILA277.76 Million ≈ $744.66K |
+4.98% |
| 2006-12-31 | ILA264.57 Million ≈ $709.32K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to FMS Enterprises Migun Ltd'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 26.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ILA150.22 Million | 92.73% |
| Common Stock | ILA2.99 Million | 1.84% |
| Other Components | ILA8.79 Million | 5.43% |
| Total Equity | ILA162.00 Million | 100.00% |
FMS Enterprises Migun Ltd Competitors by Market Cap
The table below lists competitors of FMS Enterprises Migun Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alpha Networks Inc
TW:3380
|
$582.84 Million |
|
Adcock Ingram Holdings Limited
JSE:AIP
|
$583.42 Million |
|
CJ ENM CO. Ltd
KQ:035760
|
$583.43 Million |
|
Xiamen Xindeco Ltd
SHE:000701
|
$583.46 Million |
|
Korea Electric Terminal
KO:025540
|
$582.66 Million |
|
JuneYao Dairy Co Ltd
SHG:605388
|
$582.58 Million |
|
London Stock Exchange Group PLC
LSE:LSEG
|
$582.54 Million |
|
Shenzhen Jasic Tech Co
SHE:300193
|
$581.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FMS Enterprises Migun Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 148,527,000 to 162,003,000, a change of 13,476,000 (9.1%).
- Net income of 43,382,000 contributed positively to equity growth.
- Dividend payments of 28,060,000 reduced retained earnings.
- Other factors decreased equity by 1,846,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ILA43.38 Million | +26.78% |
| Dividends Paid | ILA28.06 Million | -17.32% |
| Other Changes | ILA-1.85 Million | -1.14% |
| Total Change | ILA- | 9.07% |
Book Value vs Market Value Analysis
This analysis compares FMS Enterprises Migun Ltd'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: 1341.75x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 7475.92x to 1341.75x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | ILA3.16 | ILA23640.00 | x |
| 2014-12-31 | ILA3.82 | ILA23640.00 | x |
| 2015-12-31 | ILA4.82 | ILA23640.00 | x |
| 2016-12-31 | ILA5.87 | ILA23640.00 | x |
| 2017-12-31 | ILA7.03 | ILA23640.00 | x |
| 2018-12-31 | ILA7.61 | ILA23640.00 | x |
| 2019-12-31 | ILA9.44 | ILA23640.00 | x |
| 2020-12-31 | ILA11.25 | ILA23640.00 | x |
| 2021-12-31 | ILA12.53 | ILA23640.00 | x |
| 2022-12-31 | ILA13.66 | ILA23640.00 | x |
| 2023-12-31 | ILA16.15 | ILA23640.00 | x |
| 2024-12-31 | ILA17.62 | ILA23640.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FMS Enterprises Migun Ltd 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): 26.78%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 33.87%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 1.12x
- Recent ROE (26.78%) is below the historical average (27.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 9.40% | 11.35% | 0.76x | 1.09x | ILA-1.59 Million |
| 2007 | 26.69% | 29.74% | 0.74x | 1.21x | ILA46.36 Million |
| 2008 | 40.08% | 25.74% | 1.27x | 1.23x | ILA20.89 Million |
| 2009 | 35.47% | 34.03% | 0.92x | 1.13x | ILA23.42 Million |
| 2010 | 23.91% | 24.36% | 0.72x | 1.37x | ILA10.75 Million |
| 2011 | 12.01% | 14.64% | 0.74x | 1.11x | ILA1.54 Million |
| 2012 | 17.16% | 12.82% | 0.96x | 1.40x | ILA3.18 Million |
| 2013 | 38.70% | 22.02% | 1.35x | 1.30x | ILA8.35 Million |
| 2014 | 46.27% | 23.78% | 1.44x | 1.35x | ILA12.75 Million |
| 2015 | 43.45% | 26.39% | 1.31x | 1.25x | ILA14.82 Million |
| 2016 | 37.38% | 26.82% | 1.11x | 1.25x | ILA14.77 Million |
| 2017 | 31.95% | 27.15% | 1.00x | 1.17x | ILA14.20 Million |
| 2018 | 21.79% | 22.05% | 0.83x | 1.19x | ILA8.25 Million |
| 2019 | 30.87% | 30.46% | 0.84x | 1.20x | ILA18.11 Million |
| 2020 | 16.03% | 27.37% | 0.52x | 1.13x | ILA6.24 Million |
| 2021 | 18.82% | 27.53% | 0.61x | 1.12x | ILA10.16 Million |
| 2022 | 19.81% | 26.28% | 0.66x | 1.13x | ILA12.33 Million |
| 2023 | 25.39% | 33.25% | 0.68x | 1.12x | ILA22.85 Million |
| 2024 | 26.78% | 33.87% | 0.71x | 1.12x | ILA27.18 Million |
Industry Comparison
This section compares FMS Enterprises Migun Ltd's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $281,337,000
- Average return on equity (ROE) among peers: 10.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FMS Enterprises Migun Ltd (FBRT) | ILA553.74 Million | 9.40% | 0.06x | $582.76 Million |
| Aryt Industries Ltd (ARYT) | $101.49 Million | 58.80% | 1.22x | $884.44 Million |
| Ashot Ashkelon Industries Ltd (ASHO) | $122.53 Million | 11.01% | 2.59x | $601.96 Million |
| Bet Shemesh Engines Holdings 1997 Ltd (BSEN) | $32.05 Million | 4.02% | 1.27x | $1.90 Billion |
| Elbit Systems Ltd (ESLT) | $927.72 Million | 9.73% | 3.01x | $1.09 Billion |
| Global Knafaim Leasing Ltd (GKL) | $82.57 Million | 1.90% | 3.82x | $43.45 Million |
| IMCO Industries Ltd (IMCO) | $87.67 Million | 1.73% | 1.46x | $69.00 Million |
| Israel Shipyards Ltd (ISHI) | $949.14 Million | 2.88% | 1.11x | $989.28 Million |
| Imagesat International ISI Ltd (ISI) | $159.52 Million | -5.21% | 0.46x | $171.45 Million |
| Orbit Technologies Ltd (ORBI) | $69.34 Million | 13.96% | 0.53x | $288.39 Million |
About FMS Enterprises Migun Ltd
FMS Enterprises Migun Ltd manufactures and sells ballistic protection raw materials and products worldwide. It offers uni-directional (UD) polyethylene and aramid fabrics; personal, vehicle panel protection; and vehicle protection, such as civilian, military, composite armor kits, and boat armor. The company provides soft armor; hard armor, including ceramic body armour plates against armour pier… Read more