Franbo Lines
Franbo Lines Corp. provides ocean freight forwarding and shipping agency services in Taiwan and internationally. It offers ship chartering, bulk carrier brokerage, ship's agency, and others; ship management services, including ship safety, environmental protection, ship maintenance and supply, repair and construction supervision, insurance and legal affairs, and crew recruitment and training mana… Read more
Franbo Lines (2641) - Net Assets
Latest net assets as of September 2025: NT$8.26 Billion TWD
Based on the latest financial reports, Franbo Lines (2641) has net assets worth NT$8.26 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$14.61 Billion) and total liabilities (NT$6.34 Billion). 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 | NT$8.26 Billion |
| % of Total Assets | 56.57% |
| Annual Growth Rate | 16.91% |
| 5-Year Change | 414.05% |
| 10-Year Change | 412.66% |
| Growth Volatility | 29.25 |
Franbo Lines - Net Assets Trend (2010–2024)
This chart illustrates how Franbo Lines's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Franbo Lines (2010–2024)
The table below shows the annual net assets of Franbo Lines from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$8.04 Billion | +29.64% |
| 2023-12-31 | NT$6.20 Billion | +16.23% |
| 2022-12-31 | NT$5.34 Billion | +85.46% |
| 2021-12-31 | NT$2.88 Billion | +83.95% |
| 2020-12-31 | NT$1.56 Billion | -1.89% |
| 2019-12-31 | NT$1.59 Billion | +1.73% |
| 2018-12-31 | NT$1.57 Billion | +13.80% |
| 2017-12-31 | NT$1.38 Billion | -22.75% |
| 2016-12-31 | NT$1.78 Billion | +13.67% |
| 2015-12-31 | NT$1.57 Billion | +18.46% |
| 2014-12-31 | NT$1.32 Billion | +25.72% |
| 2013-12-31 | NT$1.05 Billion | +5.90% |
| 2012-12-31 | NT$994.59 Million | -1.94% |
| 2011-12-31 | NT$1.01 Billion | +12.39% |
| 2010-12-31 | NT$902.39 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Franbo Lines'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 9165.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$2.00 Billion | 26.72% |
| Other Components | NT$5.48 Billion | 73.28% |
| Total Equity | NT$7.48 Billion | 100.00% |
Franbo Lines Competitors by Market Cap
The table below lists competitors of Franbo Lines ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Healwell AI Inc.
OTCQX:HWAIF
|
$142.74 Million |
|
Spectral Med Inc
PINK:EDTXF
|
$142.75 Million |
|
ITAB Shop Concept AB ser. B
ST:ITAB
|
$142.82 Million |
|
Beyond Oil Ltd.
PINK:BEOLF
|
$142.84 Million |
|
ALT5 Sigma Corporation
NASDAQ:ALTS
|
$142.67 Million |
|
Fuji Pharma Co. Ltd
F:FUP
|
$142.64 Million |
|
Suzhou Fushilai Pharmaceutical Co. Ltd.
SHE:301258
|
$142.63 Million |
|
Elnusa Tbk
JK:ELSA
|
$142.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Franbo Lines's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,202,780,000 to 7,478,681,000, a change of 1,275,901,000 (20.6%).
- Net income of 584,901,000 contributed positively to equity growth.
- Dividend payments of 148,786,000 reduced retained earnings.
- Other comprehensive income decreased equity by 313,877,000.
- Other factors increased equity by 1,153,663,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$584.90 Million | +7.82% |
| Dividends Paid | NT$148.79 Million | -1.99% |
| Other Comprehensive Income | NT$-313.88 Million | -4.2% |
| Other Changes | NT$1.15 Billion | +15.43% |
| Total Change | NT$- | 20.57% |
Book Value vs Market Value Analysis
This analysis compares Franbo Lines'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: 0.78x
- 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 1.26x to 0.78x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | NT$14.80 | NT$18.70 | x |
| 2011-12-31 | NT$12.12 | NT$18.70 | x |
| 2012-12-31 | NT$11.89 | NT$18.70 | x |
| 2013-12-31 | NT$12.66 | NT$18.70 | x |
| 2014-12-31 | NT$15.46 | NT$18.70 | x |
| 2015-12-31 | NT$15.27 | NT$18.70 | x |
| 2016-12-31 | NT$15.03 | NT$18.70 | x |
| 2017-12-31 | NT$9.12 | NT$18.70 | x |
| 2018-12-31 | NT$9.79 | NT$18.70 | x |
| 2019-12-31 | NT$9.75 | NT$18.70 | x |
| 2020-12-31 | NT$9.56 | NT$18.70 | x |
| 2021-12-31 | NT$16.41 | NT$18.70 | x |
| 2022-12-31 | NT$24.08 | NT$18.70 | x |
| 2023-12-31 | NT$21.73 | NT$18.70 | x |
| 2024-12-31 | NT$24.05 | NT$18.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Franbo Lines utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.82%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 35.35%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 1.64x
- Recent ROE (7.82%) is above the historical average (3.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 1.66% | 5.00% | 0.16x | 2.11x | NT$-75.29 Million |
| 2011 | 7.67% | 12.37% | 0.24x | 2.59x | NT$-23.64 Million |
| 2012 | 3.60% | 5.54% | 0.28x | 2.32x | NT$-63.70 Million |
| 2013 | 4.68% | 7.37% | 0.27x | 2.32x | NT$-56.06 Million |
| 2014 | 4.00% | 7.51% | 0.22x | 2.46x | NT$-79.49 Million |
| 2015 | 3.60% | 7.79% | 0.17x | 2.69x | NT$-100.39 Million |
| 2016 | 0.00% | 0.01% | 0.17x | 2.72x | NT$-178.25 Million |
| 2017 | -35.71% | -66.44% | 0.17x | 3.09x | NT$-629.54 Million |
| 2018 | 5.86% | 11.55% | 0.18x | 2.80x | NT$-64.86 Million |
| 2019 | 5.05% | 10.24% | 0.18x | 2.73x | NT$-78.85 Million |
| 2020 | 6.08% | 12.73% | 0.16x | 2.95x | NT$-61.25 Million |
| 2021 | 13.04% | 30.61% | 0.21x | 1.99x | NT$87.50 Million |
| 2022 | 23.98% | 87.25% | 0.18x | 1.50x | NT$746.23 Million |
| 2023 | 6.84% | 31.73% | 0.15x | 1.44x | NT$-195.88 Million |
| 2024 | 7.82% | 35.35% | 0.14x | 1.64x | NT$-162.97 Million |
Industry Comparison
This section compares Franbo Lines's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $20,847,730,882
- Average return on equity (ROE) among peers: 8.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Franbo Lines (2641) | NT$8.26 Billion | 1.66% | 0.77x | $142.71 Million |
| Evergreen Marine Corp Taiwan Ltd (2603) | $70.22 Billion | 21.60% | 0.85x | $11.43 Billion |
| Sincere Navigation Corp (2605) | $14.65 Billion | 14.36% | 0.77x | $451.14 Million |
| U-Ming Marine Transport Corp (2606) | $23.18 Billion | 3.79% | 1.62x | $907.57 Million |
| Yang Ming Marine Transport Corp (2609) | $36.70 Billion | 0.14% | 2.79x | $4.18 Billion |
| Tze Shin International Co Ltd (2611) | $2.79 Billion | 0.36% | 0.57x | $49.39 Million |
| China Container Terminal Corp (2613) | $906.02 Million | 3.67% | 3.42x | $55.33 Million |
| Wan Hai Lines Ltd (2615) | $34.18 Billion | 7.44% | 1.24x | $3.69 Billion |
| Taiwan Navigation Co Ltd (2617) | $3.75 Billion | 4.56% | 0.51x | $217.02 Million |
| Wisdom Marine Lines Co Ltd (2637) | $1.26 Billion | 23.34% | 1.37x | $830.08 Million |