FASING SA
Fabryki Sprzetu i Narzedzi Górniczych Grupa Kapitalowa FASING S.A. produces and sells chains for the mining, fishing, energy, sugar, cement, and wood industries worldwide. The company provides round mining link chains, flat mining link chains, chain routes, scrapers, cards, locks, and clamps, hoist chains, connector links, abrasion-resistant round chains, technical chains and accessories, fishing… Read more
FASING SA (FSG) - Net Assets
Latest net assets as of September 2025: zł198.47 Million PLN
Based on the latest financial reports, FASING SA (FSG) has net assets worth zł198.47 Million PLN as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł376.49 Million) and total liabilities (zł178.02 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 | zł198.47 Million |
| % of Total Assets | 52.72% |
| Annual Growth Rate | 4.57% |
| 5-Year Change | 10.49% |
| 10-Year Change | 37.1% |
| Growth Volatility | 322.46 |
FASING SA - Net Assets Trend (2008–2024)
This chart illustrates how FASING SA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for FASING SA (2008–2024)
The table below shows the annual net assets of FASING SA from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | zł194.50 Million | +10.28% |
| 2023-12-31 | zł176.37 Million | +3.84% |
| 2022-12-31 | zł169.84 Million | -5.89% |
| 2021-12-31 | zł180.48 Million | +2.53% |
| 2020-12-31 | zł176.03 Million | +5.05% |
| 2019-12-31 | zł167.57 Million | +7.15% |
| 2018-12-31 | zł156.39 Million | +14.57% |
| 2017-12-31 | zł136.50 Million | -5.28% |
| 2016-12-31 | zł144.12 Million | +1.59% |
| 2015-12-31 | zł141.86 Million | +5.53% |
| 2014-12-31 | zł134.43 Million | +7.95% |
| 2013-12-31 | zł124.54 Million | +1326.39% |
| 2012-12-31 | zł8.73 Million | -91.89% |
| 2011-12-31 | zł107.67 Million | +7.23% |
| 2010-12-31 | zł100.41 Million | +0.37% |
| 2009-12-31 | zł100.04 Million | +5.23% |
| 2008-12-31 | zł95.08 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to FASING SA'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 16371688800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł163.72 Million | 93.25% |
| Common Stock | zł8.73 Million | 4.97% |
| Other Components | zł3.13 Million | 1.78% |
| Total Equity | zł175.58 Million | 100.00% |
FASING SA Competitors by Market Cap
The table below lists competitors of FASING SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sidomulyo Selaras Tbk
JK:SDMU
|
$4.59 Million |
|
Raubex
JSE:RBX
|
$4.60 Million |
|
Klassik Radio AG
XETRA:KA8
|
$4.60 Million |
|
SUNation Energy Inc.
NASDAQ:SUNE
|
$4.60 Million |
|
Lixiang Education Holding Co Ltd
NASDAQ:LXEH
|
$4.59 Million |
|
General Biologicals Corporation
TWO:4117
|
$4.59 Million |
|
Bank Utica Ny Nonvtg
PINK:BKUTK
|
$4.59 Million |
|
Jerusalem
TA:JBNK
|
$4.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FASING SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 158,937,352 to 175,576,899, a change of 16,639,547 (10.5%).
- Net income of 14,030,887 contributed positively to equity growth.
- Other factors increased equity by 2,608,660.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł14.03 Million | +7.99% |
| Other Changes | zł2.61 Million | +1.49% |
| Total Change | zł- | 10.47% |
Book Value vs Market Value Analysis
This analysis compares FASING SA'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: 0.27x
- 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 0.76x to 0.27x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | zł20.33 | zł15.50 | x |
| 2009-12-31 | zł21.47 | zł15.50 | x |
| 2010-12-31 | zł21.61 | zł15.50 | x |
| 2011-12-31 | zł25.99 | zł15.50 | x |
| 2012-12-31 | zł2.81 | zł15.50 | x |
| 2013-12-31 | zł30.92 | zł15.50 | x |
| 2014-12-31 | zł32.99 | zł15.50 | x |
| 2015-12-31 | zł35.02 | zł15.50 | x |
| 2016-12-31 | zł35.77 | zł15.50 | x |
| 2017-12-31 | zł34.25 | zł15.50 | x |
| 2018-12-31 | zł40.34 | zł15.50 | x |
| 2019-12-31 | zł43.54 | zł15.50 | x |
| 2020-12-31 | zł47.84 | zł15.50 | x |
| 2021-12-31 | zł49.15 | zł15.50 | x |
| 2022-12-31 | zł46.53 | zł15.50 | x |
| 2023-12-31 | zł51.15 | zł15.50 | x |
| 2024-12-31 | zł56.51 | zł15.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FASING SA 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): 7.99%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.26%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 1.89x
- Recent ROE (7.99%) is below the historical average (11.16%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 6.70% | 4.68% | 0.50x | 2.88x | zł-2.08 Million |
| 2009 | 6.68% | 2.85% | 0.89x | 2.63x | zł-2.21 Million |
| 2010 | 3.25% | 1.45% | 0.78x | 2.87x | zł-4.53 Million |
| 2011 | 7.05% | 6.11% | 0.43x | 2.67x | zł-2.38 Million |
| 2012 | 80.62% | 6.55% | 0.79x | 15.60x | zł6.17 Million |
| 2013 | 9.76% | 5.06% | 0.77x | 2.49x | zł-233.10K |
| 2014 | 8.40% | 4.16% | 0.80x | 2.53x | zł-1.64 Million |
| 2015 | 7.24% | 3.07% | 0.90x | 2.63x | zł-3.00 Million |
| 2016 | 3.15% | 2.00% | 0.66x | 2.38x | zł-7.62 Million |
| 2017 | 1.08% | 0.63% | 0.66x | 2.59x | zł-9.49 Million |
| 2018 | 16.98% | 9.98% | 0.65x | 2.62x | zł8.75 Million |
| 2019 | 10.68% | 7.02% | 0.63x | 2.41x | zł913.50K |
| 2020 | 5.75% | 5.58% | 0.50x | 2.04x | zł-6.33 Million |
| 2021 | 3.11% | 2.34% | 0.63x | 2.12x | zł-10.52 Million |
| 2022 | 0.99% | 0.58% | 0.77x | 2.24x | zł-13.02 Million |
| 2023 | 10.23% | 5.55% | 0.92x | 2.00x | zł371.11K |
| 2024 | 7.99% | 5.26% | 0.80x | 1.89x | zł-3.53 Million |
Industry Comparison
This section compares FASING SA's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $121,983,220
- Average return on equity (ROE) among peers: -17.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FASING SA (FSG) | zł198.47 Million | 6.70% | 0.90x | $4.59 Million |
| MFO SA (MFO) | $44.17 Million | 13.47% | 0.73x | $19.39 Million |
| Mangata Holding S.A. (MGT) | $129.53 Million | 17.50% | 0.75x | $36.24 Million |
| Mennica Polska S.A. (MNC) | $468.23 Million | 10.03% | 0.80x | $243.46 Million |
| Odlewnie Polskie SA (ODL) | $-65.32 Million | 0.00% | 0.00x | $29.73 Million |
| PGF Polska Grupa Fotowoltaiczna SA (PGV) | $33.29 Million | -127.20% | 4.17x | $8.27 Million |