FASING SA (FSG) - Net Assets

Latest as of September 2025: zł198.47 Million PLN ≈ $54.62 Million USD

Based on the latest financial reports, FASING SA (FSG) has net assets worth zł198.47 Million PLN (≈ $54.62 Million USD) 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 ≈ $103.61 Million USD) and total liabilities (zł178.02 Million ≈ $48.99 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 FASING SA asset resilience ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore how large is FASING SA's balance sheet for the complete picture of this company's asset base.

Annual Net Assets for FASING SA (2008–2024)

The table below shows the annual net assets of FASING SA from 2008 to 2024. For live valuation and market cap data, see FSG stock market capitalisation.

Year	Net Assets	Change
2024-12-31	zł194.50 Million ≈ $53.53 Million	+10.28%
2023-12-31	zł176.37 Million ≈ $48.54 Million	+3.84%
2022-12-31	zł169.84 Million ≈ $46.74 Million	-5.89%
2021-12-31	zł180.48 Million ≈ $49.67 Million	+2.53%
2020-12-31	zł176.03 Million ≈ $48.44 Million	+5.05%
2019-12-31	zł167.57 Million ≈ $46.12 Million	+7.15%
2018-12-31	zł156.39 Million ≈ $43.04 Million	+14.57%
2017-12-31	zł136.50 Million ≈ $37.57 Million	-5.28%
2016-12-31	zł144.12 Million ≈ $39.66 Million	+1.59%
2015-12-31	zł141.86 Million ≈ $39.04 Million	+5.53%
2014-12-31	zł134.43 Million ≈ $37.00 Million	+7.95%
2013-12-31	zł124.54 Million ≈ $34.27 Million	+1326.39%
2012-12-31	zł8.73 Million ≈ $2.40 Million	-91.89%
2011-12-31	zł107.67 Million ≈ $29.63 Million	+7.23%
2010-12-31	zł100.41 Million ≈ $27.63 Million	+0.37%
2009-12-31	zł100.04 Million ≈ $27.53 Million	+5.23%
2008-12-31	zł95.08 Million ≈ $26.17 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
Ten-League International Holdings Limited Ordinary Shares NASDAQ:TLIH	$12.06 Million
Rugby Mining Limited V:RUG	$12.07 Million
Green Hydrogen Systems AS CO:GREENH	$12.07 Million
Priceworth International Bhd KLSE:7123	$12.08 Million
TOP Ships Inc. NYSE MKT:TOPS	$12.06 Million
Althea Group Holdings Ltd AU:AGH	$12.05 Million
TSR Capital Bhd KLSE:5042	$12.04 Million
Nanalysis Scientific Corp V:NSCI	$12.04 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: 0.25x
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 0.69x to 0.25x 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	zł14.10	x
2009-12-31	zł21.47	zł14.10	x
2010-12-31	zł21.61	zł14.10	x
2011-12-31	zł25.99	zł14.10	x
2012-12-31	zł2.81	zł14.10	x
2013-12-31	zł30.92	zł14.10	x
2014-12-31	zł32.99	zł14.10	x
2015-12-31	zł35.02	zł14.10	x
2016-12-31	zł35.77	zł14.10	x
2017-12-31	zł34.25	zł14.10	x
2018-12-31	zł40.34	zł14.10	x
2019-12-31	zł43.54	zł14.10	x
2020-12-31	zł47.84	zł14.10	x
2021-12-31	zł49.15	zł14.10	x
2022-12-31	zł46.53	zł14.10	x
2023-12-31	zł51.15	zł14.10	x
2024-12-31	zł56.51	zł14.10	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: $292,835,900
Average return on equity (ROE) among peers: 7.76%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
FASING SA (FSG)	zł198.47 Million	6.70%	0.90x	$12.06 Million
MFO SA (MFO)	$308.18 Million	2.33%	0.72x	$60.56 Million
Mangata Holding S.A. (MGT)	$409.39 Million	10.97%	0.52x	$122.75 Million
Mennica Polska S.A. (MNC)	$637.69 Million	5.40%	0.52x	$641.42 Million
Odlewnie Polskie SA (ODL)	$23.96 Million	21.50%	2.08x	$104.05 Million
PGF Polska Grupa Fotowoltaiczna SA (PGV)	$84.97 Million	-1.39%	0.22x	$12.49 Million

About FASING SA

WAR:FSG Poland Metal Fabrication

Market Cap

$12.06 Million

zł43.81 Million PLN

Market Cap Rank

#26405 Global

#280 in Poland

Share Price

zł14.10

Change (1 day)

+1.44%

52-Week Range

zł11.00 - zł16.30

All Time High

zł20.90