Firan Technology Group Corporation (FTG) - Net Assets
Based on the latest financial reports, Firan Technology Group Corporation (FTG) has net assets worth CA$92.78 Million CAD (≈ $67.12 Million USD) as of August 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$165.73 Million ≈ $119.89 Million USD) and total liabilities (CA$72.95 Million ≈ $52.77 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 Firan Technology Group Corporation liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$92.78 Million |
| % of Total Assets | 55.98% |
| Annual Growth Rate | 12.02% |
| 5-Year Change | 42.02% |
| 10-Year Change | 190.3% |
| Growth Volatility | 33.24 |
Firan Technology Group Corporation - Net Assets Trend (1997–2024)
This chart illustrates how Firan Technology Group Corporation's net assets have evolved over time, based on quarterly financial data. Also explore Firan Technology Group Corporation asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Firan Technology Group Corporation (1997–2024)
The table below shows the annual net assets of Firan Technology Group Corporation from 1997 to 2024. For live valuation and market cap data, see Firan Technology Group Corporation market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-11-30 | CA$72.84 Million ≈ $52.69 Million |
+20.74% |
| 2023-11-30 | CA$60.32 Million ≈ $43.64 Million |
+22.37% |
| 2022-11-30 | CA$49.30 Million ≈ $35.66 Million |
-3.42% |
| 2021-11-30 | CA$51.04 Million ≈ $36.92 Million |
-0.48% |
| 2020-11-30 | CA$51.29 Million ≈ $37.10 Million |
+7.39% |
| 2019-11-30 | CA$47.76 Million ≈ $34.55 Million |
+12.89% |
| 2018-11-30 | CA$42.31 Million ≈ $30.60 Million |
+5.48% |
| 2017-11-30 | CA$40.11 Million ≈ $29.01 Million |
+5.33% |
| 2016-11-30 | CA$38.08 Million ≈ $27.55 Million |
+51.77% |
| 2015-11-30 | CA$25.09 Million ≈ $18.15 Million |
+66.11% |
| 2014-11-30 | CA$15.10 Million ≈ $10.93 Million |
+16.70% |
| 2013-11-30 | CA$12.94 Million ≈ $9.36 Million |
-7.65% |
| 2012-11-30 | CA$14.02 Million ≈ $10.14 Million |
+6.76% |
| 2011-11-30 | CA$13.13 Million ≈ $9.50 Million |
+13.15% |
| 2010-11-30 | CA$11.60 Million ≈ $8.39 Million |
-22.21% |
| 2009-11-30 | CA$14.91 Million ≈ $10.79 Million |
-10.16% |
| 2008-11-30 | CA$16.60 Million ≈ $12.01 Million |
+6.94% |
| 2007-11-30 | CA$15.53 Million ≈ $11.23 Million |
-29.60% |
| 2006-11-30 | CA$22.05 Million ≈ $15.95 Million |
+9.99% |
| 2005-11-30 | CA$20.05 Million ≈ $14.50 Million |
+10.81% |
| 2004-11-30 | CA$18.09 Million ≈ $13.09 Million |
-0.80% |
| 2003-11-30 | CA$18.24 Million ≈ $13.19 Million |
+63.48% |
| 2002-11-30 | CA$11.16 Million ≈ $8.07 Million |
-15.03% |
| 2001-11-30 | CA$13.13 Million ≈ $9.50 Million |
+18.92% |
| 2000-11-30 | CA$11.04 Million ≈ $7.99 Million |
+134.94% |
| 1999-11-30 | CA$4.70 Million ≈ $3.40 Million |
-11.32% |
| 1998-11-30 | CA$5.30 Million ≈ $3.83 Million |
+55.88% |
| 1997-11-30 | CA$3.40 Million ≈ $2.46 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Firan Technology Group Corporation'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 7085000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (November 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$41.85 Million | 58.00% |
| Common Stock | CA$21.15 Million | 29.31% |
| Other Comprehensive Income | CA$417.00K | 0.58% |
| Other Components | CA$8.73 Million | 12.11% |
| Total Equity | CA$72.15 Million | 100.00% |
Firan Technology Group Corporation Competitors by Market Cap
The table below lists competitors of Firan Technology Group Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Regal Asian Investments Ltd
AU:RG8
|
$369.50 Million |
|
Ningbo Fubang
SHG:600768
|
$369.51 Million |
|
Jiangsu Gaoke Petrochemical Co
SHE:002778
|
$369.67 Million |
|
Shenzhen Sine Electric Co. Ltd. A
SHG:688395
|
$369.77 Million |
|
Shandong Zhangqiu Blower Co Ltd
SHE:002598
|
$369.41 Million |
|
Hiper Global Ltd
TA:HIPR
|
$369.26 Million |
|
Zhejiang Shapuaisi Pharmaceutical Co Ltd
SHG:603168
|
$368.99 Million |
|
Cerus Corporation
NASDAQ:CERS
|
$368.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Firan Technology Group Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 59,535,000 to 72,152,000, a change of 12,617,000 (21.2%).
- Net income of 10,815,000 contributed positively to equity growth.
- Share repurchases of 258,000 reduced equity.
- Other comprehensive income increased equity by 1,766,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$10.81 Million | +14.99% |
| Share Repurchases | CA$258.00K | -0.36% |
| Other Comprehensive Income | CA$1.77 Million | +2.45% |
| Other Changes | CA$294.00K | +0.41% |
| Total Change | CA$- | 21.19% |
Book Value vs Market Value Analysis
This analysis compares Firan Technology Group Corporation'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: 6.81x
- 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 19.89x to 6.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-11-30 | CA$1.02 | CA$20.29 | x |
| 1998-11-30 | CA$1.03 | CA$20.29 | x |
| 1999-11-30 | CA$0.91 | CA$20.29 | x |
| 2000-11-30 | CA$2.10 | CA$20.29 | x |
| 2001-11-30 | CA$1.85 | CA$20.29 | x |
| 2002-11-30 | CA$1.57 | CA$20.29 | x |
| 2003-11-30 | CA$1.66 | CA$20.29 | x |
| 2004-11-30 | CA$1.16 | CA$20.29 | x |
| 2005-11-30 | CA$1.13 | CA$20.29 | x |
| 2006-11-30 | CA$1.13 | CA$20.29 | x |
| 2007-11-30 | CA$0.87 | CA$20.29 | x |
| 2008-11-30 | CA$0.93 | CA$20.29 | x |
| 2009-11-30 | CA$0.84 | CA$20.29 | x |
| 2010-11-30 | CA$0.65 | CA$20.29 | x |
| 2011-11-30 | CA$0.67 | CA$20.29 | x |
| 2012-11-30 | CA$0.71 | CA$20.29 | x |
| 2013-11-30 | CA$0.72 | CA$20.29 | x |
| 2014-11-30 | CA$0.76 | CA$20.29 | x |
| 2015-11-30 | CA$1.23 | CA$20.29 | x |
| 2016-11-30 | CA$1.70 | CA$20.29 | x |
| 2017-11-30 | CA$1.60 | CA$20.29 | x |
| 2018-11-30 | CA$1.67 | CA$20.29 | x |
| 2019-11-30 | CA$1.89 | CA$20.29 | x |
| 2020-11-30 | CA$2.04 | CA$20.29 | x |
| 2021-11-30 | CA$2.03 | CA$20.29 | x |
| 2022-11-30 | CA$1.97 | CA$20.29 | x |
| 2023-11-30 | CA$2.46 | CA$20.29 | x |
| 2024-11-30 | CA$2.98 | CA$20.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Firan Technology Group Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.99%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.67%
- • Asset Turnover: 1.20x
- • Equity Multiplier: 1.87x
- Recent ROE (14.99%) is above the historical average (-0.04%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | -50.00% | -9.39% | 2.18x | 2.44x | CA$-2.04 Million |
| 1998 | 30.19% | 7.27% | 1.54x | 2.70x | CA$1.07 Million |
| 1999 | -31.91% | -6.55% | 1.26x | 3.87x | CA$-1.97 Million |
| 2000 | 20.01% | 7.07% | 1.39x | 2.04x | CA$1.11 Million |
| 2001 | -12.99% | -6.53% | 1.09x | 1.82x | CA$-3.02 Million |
| 2002 | -17.56% | -8.07% | 1.19x | 1.83x | CA$-3.07 Million |
| 2003 | -11.11% | -6.18% | 1.06x | 1.69x | CA$-3.85 Million |
| 2004 | -1.06% | -0.41% | 1.51x | 1.70x | CA$-2.00 Million |
| 2005 | -4.45% | -1.69% | 1.59x | 1.66x | CA$-2.90 Million |
| 2006 | 8.15% | 3.24% | 1.49x | 1.69x | CA$-408.10K |
| 2007 | -37.56% | -10.48% | 1.81x | 1.98x | CA$-7.38 Million |
| 2008 | -1.25% | -0.33% | 1.69x | 2.25x | CA$-1.87 Million |
| 2009 | -7.31% | -1.97% | 1.90x | 1.95x | CA$-2.58 Million |
| 2010 | -25.07% | -5.91% | 1.94x | 2.19x | CA$-4.07 Million |
| 2011 | 11.26% | 2.75% | 1.96x | 2.09x | CA$165.20K |
| 2012 | 6.62% | 1.67% | 1.95x | 2.04x | CA$-473.50K |
| 2013 | -7.74% | -1.78% | 1.85x | 2.35x | CA$-2.29 Million |
| 2014 | 14.53% | 3.61% | 1.83x | 2.19x | CA$684.10K |
| 2015 | 38.06% | 13.24% | 1.63x | 1.76x | CA$7.03 Million |
| 2016 | 15.72% | 6.79% | 1.21x | 1.91x | CA$2.15 Million |
| 2017 | 3.26% | 1.34% | 1.33x | 1.83x | CA$-2.62 Million |
| 2018 | 6.99% | 2.63% | 1.54x | 1.73x | CA$-1.24 Million |
| 2019 | 12.98% | 5.38% | 1.54x | 1.57x | CA$1.39 Million |
| 2020 | 2.76% | 1.36% | 1.18x | 1.72x | CA$-3.64 Million |
| 2021 | 0.34% | 0.21% | 1.00x | 1.59x | CA$-4.84 Million |
| 2022 | 1.44% | 0.78% | 1.07x | 1.73x | CA$-4.13 Million |
| 2023 | 19.52% | 8.60% | 1.08x | 2.11x | CA$5.67 Million |
| 2024 | 14.99% | 6.67% | 1.20x | 1.87x | CA$3.60 Million |
Industry Comparison
This section compares Firan Technology Group Corporation's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $-626,662,476
- Average return on equity (ROE) among peers: -52.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Firan Technology Group Corporation (FTG) | CA$92.78 Million | -50.00% | 0.79x | $369.48 Million |
| Bombardier Inc (BBD-A) | $-3.06 Billion | 0.00% | 0.00x | $2.54 Billion |
| Bombardier Inc (BBD-B) | $-4.03 Billion | 0.00% | 0.00x | $17.98 Billion |
| CAE Inc. (CAE) | $948.50 Million | 4.61% | 1.38x | $8.18 Billion |
| Volatus Aerospace Inc (FLT) | $14.54 Million | -134.84% | 0.15x | $340.78 Million |
| Kwesst Micro Systems Inc (KWE) | $3.94 Million | -236.46% | 1.99x | $1.92 Million |
| Magellan Aerospace Corporation (MAL) | $731.73 Million | -2.96% | 0.38x | $1.04 Billion |
| MDA Ltd (MDA) | $1.00 Billion | 2.63% | 0.75x | $3.84 Billion |
About Firan Technology Group Corporation
Firan Technology Group Corporation manufactures and sells aerospace and defense electronic products and subsystems in Canada, the United States, and China. The company operates in two segments, FTG Circuits and FTG Aerospace. It offers semi additive process technologies, high density interconnect products, high temperature rigid flex printed, RF boards, thermal management, and rigid flex and asse… Read more