Fabryki Mebli Forte S.A.
Fabryki Mebli FORTE S.A. designs, manufactures, and exports furniture worldwide. It offers furniture for living room, dining room, bedroom, children's room, hallway, and study. The company was founded in 1992 and is based in Ostrow Mazowiecka, Poland.
Fabryki Mebli Forte S.A. (FTE) - Net Assets
Latest net assets as of September 2025: zł925.16 Million PLN
Based on the latest financial reports, Fabryki Mebli Forte S.A. (FTE) has net assets worth zł925.16 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 (zł1.38 Billion) and total liabilities (zł453.37 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 | zł925.16 Million |
| % of Total Assets | 67.11% |
| Annual Growth Rate | 7.21% |
| 5-Year Change | 16.77% |
| 10-Year Change | 94.31% |
| Growth Volatility | 7.63 |
Fabryki Mebli Forte S.A. - Net Assets Trend (2005–2024)
This chart illustrates how Fabryki Mebli Forte S.A.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Fabryki Mebli Forte S.A. (2005–2024)
The table below shows the annual net assets of Fabryki Mebli Forte S.A. from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | zł929.70 Million | +0.54% |
| 2023-12-31 | zł924.69 Million | +5.94% |
| 2022-12-31 | zł872.87 Million | +9.82% |
| 2021-12-31 | zł794.84 Million | -0.17% |
| 2020-12-31 | zł796.21 Million | +1.92% |
| 2019-12-31 | zł781.20 Million | +27.31% |
| 2018-12-31 | zł613.61 Million | -3.51% |
| 2017-12-31 | zł635.96 Million | +15.13% |
| 2016-12-31 | zł552.40 Million | +15.45% |
| 2015-12-31 | zł478.46 Million | +13.57% |
| 2014-12-31 | zł421.28 Million | +9.54% |
| 2013-12-31 | zł384.61 Million | +10.24% |
| 2012-12-31 | zł348.88 Million | +11.02% |
| 2011-12-31 | zł314.25 Million | +2.10% |
| 2010-12-31 | zł307.79 Million | +1.56% |
| 2009-12-31 | zł303.07 Million | +16.57% |
| 2008-12-31 | zł259.99 Million | +3.41% |
| 2007-12-31 | zł251.41 Million | -1.52% |
| 2006-12-31 | zł255.30 Million | +3.04% |
| 2005-12-31 | zł247.76 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fabryki Mebli Forte S.A.'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 69807500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł698.08 Million | 75.23% |
| Common Stock | zł23.93 Million | 2.58% |
| Other Comprehensive Income | zł91.39 Million | 9.85% |
| Other Components | zł114.56 Million | 12.34% |
| Total Equity | zł927.96 Million | 100.00% |
Fabryki Mebli Forte S.A. Competitors by Market Cap
The table below lists competitors of Fabryki Mebli Forte S.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Genohco Inc.
KQ:361390
|
$72.86 Million |
|
Marine Products Corporation
NYSE:MPX
|
$72.88 Million |
|
Eltel AB
ST:ELTEL
|
$72.89 Million |
|
Prime Meridian Holding Company
OTCQX:PMHG
|
$72.93 Million |
|
Aifeex Nexus Acquisition Corporation
NASDAQ:AIFE
|
$72.80 Million |
|
OneSoft Solutions Inc
OTCQB:OSSIF
|
$72.80 Million |
|
Krakatau Steel Persero Tbk
JK:KRAS
|
$72.78 Million |
|
Elanders AB (publ)
ST:ELAN-B
|
$72.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fabryki Mebli Forte S.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 907,829,000 to 927,955,000, a change of 20,126,000 (2.2%).
- Net income of 50,190,000 contributed positively to equity growth.
- Dividend payments of 2,000 reduced retained earnings.
- Other comprehensive income decreased equity by 31,137,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł50.19 Million | +5.41% |
| Dividends Paid | zł2.00K | -0.0% |
| Other Comprehensive Income | zł-31.14 Million | -3.36% |
| Other Changes | zł1.08 Million | +0.12% |
| Total Change | zł- | 2.22% |
Book Value vs Market Value Analysis
This analysis compares Fabryki Mebli Forte S.A.'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: 0.57x
- 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 2.12x to 0.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | zł10.51 | zł22.30 | x |
| 2006-12-31 | zł10.71 | zł22.30 | x |
| 2007-12-31 | zł9.44 | zł22.30 | x |
| 2008-12-31 | zł9.63 | zł22.30 | x |
| 2009-12-31 | zł12.64 | zł22.30 | x |
| 2010-12-31 | zł12.88 | zł22.30 | x |
| 2011-12-31 | zł13.10 | zł22.30 | x |
| 2012-12-31 | zł14.54 | zł22.30 | x |
| 2013-12-31 | zł16.02 | zł22.30 | x |
| 2014-12-31 | zł17.56 | zł22.30 | x |
| 2015-12-31 | zł19.97 | zł22.30 | x |
| 2016-12-31 | zł22.98 | zł22.30 | x |
| 2017-12-31 | zł26.44 | zł22.30 | x |
| 2018-12-31 | zł25.50 | zł22.30 | x |
| 2019-12-31 | zł32.64 | zł22.30 | x |
| 2020-12-31 | zł33.16 | zł22.30 | x |
| 2021-12-31 | zł33.10 | zł22.30 | x |
| 2022-12-31 | zł35.76 | zł22.30 | x |
| 2023-12-31 | zł37.94 | zł22.30 | x |
| 2024-12-31 | zł38.83 | zł22.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fabryki Mebli Forte S.A. 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): 5.41%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.56%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 1.60x
- Recent ROE (5.41%) is below the historical average (9.26%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 6.76% | 4.13% | 0.94x | 1.75x | zł-8.03 Million |
| 2006 | 4.95% | 2.88% | 1.02x | 1.68x | zł-12.90 Million |
| 2007 | 2.65% | 1.21% | 1.12x | 1.96x | zł-16.28 Million |
| 2008 | 1.93% | 0.92% | 1.07x | 1.95x | zł-18.46 Million |
| 2009 | 14.23% | 8.51% | 1.12x | 1.49x | zł12.70 Million |
| 2010 | 9.55% | 6.21% | 1.00x | 1.53x | zł-1.37 Million |
| 2011 | 12.35% | 7.29% | 1.11x | 1.52x | zł7.30 Million |
| 2012 | 9.99% | 6.15% | 1.16x | 1.40x | zł-25.40K |
| 2013 | 15.19% | 8.68% | 1.20x | 1.46x | zł19.77 Million |
| 2014 | 18.00% | 9.14% | 1.29x | 1.53x | zł33.41 Million |
| 2015 | 17.78% | 8.84% | 1.29x | 1.56x | zł36.93 Million |
| 2016 | 20.10% | 10.13% | 0.93x | 2.14x | zł55.48 Million |
| 2017 | 12.17% | 7.02% | 0.74x | 2.34x | zł13.70 Million |
| 2018 | 5.65% | 3.11% | 0.67x | 2.70x | zł-26.56 Million |
| 2019 | 4.51% | 2.99% | 0.75x | 2.01x | zł-42.89 Million |
| 2020 | 6.24% | 4.27% | 0.79x | 1.85x | zł-29.81 Million |
| 2021 | 13.99% | 8.35% | 0.92x | 1.81x | zł31.61 Million |
| 2022 | 10.46% | 7.03% | 0.86x | 1.73x | zł3.97 Million |
| 2023 | -6.68% | -5.88% | 0.72x | 1.58x | zł-151.39 Million |
| 2024 | 5.41% | 4.56% | 0.74x | 1.60x | zł-42.61 Million |
Industry Comparison
This section compares Fabryki Mebli Forte S.A.'s net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $485,203,000
- Average return on equity (ROE) among peers: 12.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fabryki Mebli Forte S.A. (FTE) | zł925.16 Million | 6.76% | 0.49x | $72.84 Million |
| Amica S.A. (AMC) | $834.78 Million | 13.68% | 1.19x | $63.17 Million |
| Decora SA (DCR) | $135.62 Million | 11.10% | 0.95x | $85.95 Million |