FG Acquisition Corp.
FG Acquisition Corp. does not have significant operations. The company intends to effect an acquisition of one or more businesses or assets through a merger, amalgamation, arrangement, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination. It focuses on acquiring businesses in the financial services sector. The company was incorporated in 2021 an… Read more
FG Acquisition Corp. (FGAA-U) - Net Assets
Latest net assets as of June 2024: $-21.85 Million USD
Based on the latest financial reports, FG Acquisition Corp. (FGAA-U) has net assets worth $-21.85 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($740.37K) and total liabilities ($22.59 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 | $-21.85 Million |
| % of Total Assets | -2951.61% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
FG Acquisition Corp. - Net Assets Trend (2021–2022)
This chart illustrates how FG Acquisition Corp.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for FG Acquisition Corp. (2021–2022)
The table below shows the annual net assets of FG Acquisition Corp. from 2021 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $-13.47 Million | -11318181.51% |
| 2021-12-31 | $-119.00 | -- |
Equity Component Analysis
This analysis shows how different components contribute to FG Acquisition Corp.'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 1349212400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $23.49K | % |
| Total Equity | $-13.47 Million | 100.00% |
FG Acquisition Corp. Competitors by Market Cap
The table below lists competitors of FG Acquisition Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Monroe Capital Corp
NASDAQ:MRCC
|
$44.44K |
|
CDA SA
WAR:CDA
|
$44.52K |
|
DIVIDEND 15 SPLIT A CD 15
F:641
|
$44.55K |
|
LIBERTY INACT-A
MU:LB3A
|
$44.55K |
|
Forterra PLC
LSE:FORT
|
$44.40K |
|
Galway Gold Inc
PINK:GAYGF
|
$44.37K |
|
Testa Residencial SOCIMI S.A.
MC:YTST
|
$44.32K |
|
EASYJET (EJT1.SG)
STU:EJT1
|
$44.31K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FG Acquisition Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from -119 to -13,468,755, a change of -13,468,636.
- Net loss of 13,492,124 reduced equity.
- New share issuances of 115,024,999 increased equity.
- Other factors decreased equity by 115,001,511.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-13.49 Million | -100.17% |
| Share Issuances | $115.02 Million | +854.01% |
| Other Changes | $-115.00 Million | -853.84% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares FG Acquisition Corp.'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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $0.00 | $11.78 | x |
| 2022-12-31 | $-0.94 | $11.78 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FG Acquisition Corp. 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): 0.00%
- 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: 0.00x
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-12.15 Million |
Industry Comparison
This section compares FG Acquisition Corp.'s net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $320,719
- Average return on equity (ROE) among peers: -15.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FG Acquisition Corp. (FGAA-U) | $-21.85 Million | 0.00% | N/A | $44.42K |
| First Tidal Acquisition Corp. (AAA-P) | $271.64K | -12.76% | 0.07x | $106.95K |
| AAJ Capital 3 Corp. (AAAJ-P) | $176.31K | -28.45% | 0.14x | $50.13K |
| AD4 Capital Corp. (ADJ-P) | $498.36K | 0.00% | 0.06x | $10.44K |
| AF2 Capital Corp (AF-P) | $125.52K | -22.68% | 0.19x | $45.26K |
| AIM5 Ventures Inc (AIME-P) | $236.65K | -15.61% | 0.12x | $151.51K |
| Apolo IV Acquisition Corp (AIV-P) | $1.13 Million | -19.92% | 0.03x | $33.42K |
| A-Labs Capital II Corp (ALAB-P) | $166.02K | -34.30% | 0.10x | $38.61K |
| Albatros Acquisition Corporation Inc. (ALBT-P) | $155.00K | 0.00% | 0.13x | $13.43K |
| Altina Capital Corp (ALTN-P) | $-3.34K | 0.00% | 0.00x | $65.59K |
| AMG Acquisition Corp (AMG-P) | $454.39K | -24.61% | 0.02x | $54.31K |