Farstarcap Investment Corp
As of September 25, 2025, Farstarcap Investment Corp. was acquired by BP Exploration Corp, in a reverse merger transaction. Farstarcap Investment Corp. does not have significant operations. It intends to identify, evaluate, and acquire assets, properties, or businesses, which would constitute a qualifying transaction. The company was formerly known as Mobile Mining Technologies Inc. and changed i… Read more
Farstarcap Investment Corp (FRS-P) - Net Assets
Latest net assets as of June 2025: CA$-95.18K CAD
Based on the latest financial reports, Farstarcap Investment Corp (FRS-P) has net assets worth CA$-95.18K CAD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$13.90K) and total liabilities (CA$109.08K). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-95.18K |
| % of Total Assets | -684.59% |
| Annual Growth Rate | -30.64% |
| 5-Year Change | -96.05% |
| 10-Year Change | N/A |
| Growth Volatility | 63.02 |
Farstarcap Investment Corp - Net Assets Trend (2017–2024)
This chart illustrates how Farstarcap Investment 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 Farstarcap Investment Corp (2017–2024)
The table below shows the annual net assets of Farstarcap Investment Corp from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | CA$6.74K | -69.79% |
| 2023-09-30 | CA$22.32K | -69.61% |
| 2022-09-30 | CA$73.43K | -31.77% |
| 2021-09-30 | CA$107.62K | -37.03% |
| 2020-09-30 | CA$170.89K | -27.02% |
| 2019-09-30 | CA$234.16K | +125.67% |
| 2018-09-30 | CA$103.76K | +18.86% |
| 2017-09-30 | CA$87.30K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Farstarcap Investment 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 46170500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$481.15K | 7136.64% |
| Total Equity | CA$6.74K | 100.00% |
Farstarcap Investment Corp Competitors by Market Cap
The table below lists competitors of Farstarcap Investment Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Philomaxcap AG
MU:HBD1
|
$16.24K |
|
Cubox Co. Ltd.
KO:340810
|
$16.29K |
|
SONAE R
BE:YSON
|
$16.30K |
|
GS Global Corp.
KQ:001250
|
$16.30K |
|
TS Corp. Pfd. Series 1
KQ:001795
|
$16.21K |
|
TF483
SA:TF483
|
$16.21K |
|
A Brown Company Inc Preferred Series A
PSE:BRNP
|
$16.20K |
|
Appeninn Nyrt.
BUD:APPEN
|
$16.17K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Farstarcap Investment Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 22,316 to 6,742, a change of -15,574 (-69.8%).
- Net loss of 67,315 reduced equity.
- New share issuances of 55,000 increased equity.
- Other factors decreased equity by 3,259.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-67.31K | -998.44% |
| Share Issuances | CA$55.00K | +815.78% |
| Other Changes | CA$-3.26K | -48.34% |
| Total Change | CA$- | -69.79% |
Book Value vs Market Value Analysis
This analysis compares Farstarcap Investment 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
- Current price-to-book ratio: 44.79x
- 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 increased from 1.08x to 44.79x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-09-30 | CA$0.04 | CA$0.05 | x |
| 2020-09-30 | CA$0.03 | CA$0.05 | x |
| 2021-09-30 | CA$0.02 | CA$0.05 | x |
| 2022-09-30 | CA$0.01 | CA$0.05 | x |
| 2023-09-30 | CA$0.00 | CA$0.05 | x |
| 2024-09-30 | CA$0.00 | CA$0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Farstarcap Investment Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -998.44%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 9.24x
- Recent ROE (-998.44%) is below the historical average (-188.98%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -13.31% | 0.00% | 0.00x | 1.15x | CA$-20.35K |
| 2018 | -91.11% | 0.00% | 0.00x | 1.52x | CA$-104.91K |
| 2019 | -37.59% | 0.00% | 0.00x | 1.04x | CA$-111.43K |
| 2020 | -37.02% | 0.00% | 0.00x | 1.08x | CA$-80.35K |
| 2021 | -58.79% | 0.00% | 0.00x | 1.06x | CA$-74.04K |
| 2022 | -46.57% | 0.00% | 0.00x | 1.02x | CA$-41.53K |
| 2023 | -229.03% | 0.00% | 0.00x | 1.41x | CA$-53.34K |
| 2024 | -998.44% | 0.00% | 0.00x | 9.24x | CA$-67.99K |
Industry Comparison
This section compares Farstarcap Investment Corp's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $320,719
- Average return on equity (ROE) among peers: -15.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Farstarcap Investment Corp (FRS-P) | CA$-95.18K | -13.31% | N/A | $16.21K |
| 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 |