Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Falcon's Beyond Global, Inc. Class A Common Stock
Physical assets are 6.3% of total assets, a light footprint. Capex is 0.44x depreciation and free cash flow yield is weak, which fits a cash drain on aging assets. ROIC is -53.9%, below an 8% cost-of-capital hurdle.
Energy, materials, and industrial names often turn net PP&E at about 1x to 3x. This name is at 3.54x.
Physical asset ratio
6.3%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$4.21MpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$66.70MtotalAssetsInventory was not reported and is treated as zero.Result 6.3%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
3.54xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$14.90MtotalRevenueNet PP&E$4.21MpropertyPlantAndEquipmentNetResult 3.54x
Revenue per dollar of the physical asset base.
Capex / D&A
0.44xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$153.00KcapitalExpendituresD&A$349.00KdepreciationAndAmortizationResult 0.44x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$0.58Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$66.70MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$1.06MintangibleAssetsLiabilities$42.88MtotalLiabTangible book$22.76MShares39,255,885commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $0.58
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
13.32xPrice / tangible bookPrice / tangible book per sharePrice$7.72Latest quoteTangible book / share$0.582025-12-31Result 13.32x
Price $7.72.
Fixed-charge coverage
1.51xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$10.04MebitdaCapex$153.00KcapitalExpendituresInterest$3.38MinterestExpenseShort-term debt$3.16MshortLongTermDebtEBITDA − capex$9.89MPrincipal due is the current portion of debt.Result 1.51x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-7.3%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flow-$24.76MfreeCashFlowMarket cap$340.22MMarketCapitalizationResult -7.3%
Latest free cash flow divided by current market cap ($340.22M).
ROIC
-53.9%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$15.10MoperatingIncomeTax expense-$2.00KincomeTaxExpensePretax income$6.31MincomeBeforeTaxTax rate0.0%Equity$11.93MtotalStockholderEquityDebt$17.98MshortLongTermDebtTotalCash$1.87McashInvested capital$28.04MResult -53.9%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is -3.59x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2019 | 32.3%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&E$2.59MpropertyPlantAndEquipmentNetInventory$52.37inventoryTotal assets$8.02MtotalAssetsResult 32.3% | 0.16xFixed asset turnover · 2019-12-31Revenue / net PP&ERevenue$419.33KtotalRevenueNet PP&E$2.59MpropertyPlantAndEquipmentNetResult 0.16x | 0.62xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapex$95.79KcapitalExpendituresD&A$154.78KdepreciationAndAmortizationResult 0.62x | $0.02Tangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$8.02MtotalAssetsGoodwill$28.25KgoodWillIntangibles$855.57KintangibleAssetsLiabilities$3.00MtotalLiabTangible book$4.14MShares226,000,000commonStockSharesOutstandingResult $0.02 | —Fixed-charge coverage · 2019-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$222.57KebitdaCapex$95.79KcapitalExpendituresInterest—Not reportedShort-term debt$158.54KshortTermDebtEBITDA − capex$126.78KPrincipal due is short-term debt.Result — | $181.61KFree cash flow · 2019-12-31Reported free cash flowOperating cash flow$277.40KtotalCashFromOperatingActivitiesCapex$95.79KcapitalExpendituresFree cash flow$181.61KfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $181.61K | —ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$67.79KoperatingIncomeTax expense$2.10KincomeTaxExpensePretax income-$125.00KincomeBeforeTaxTax rate—Equity$5.02MtotalStockholderEquityDebt$2.42MshortLongTermDebtTotalCash$2.95McashAndShortTermInvestmentsInvested capital$4.48MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | 0.03xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating income$67.79KoperatingIncomeNet PP&E$2.59MpropertyPlantAndEquipmentNetResult 0.03x |
| 2020 | 41.5%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&E$3.35MpropertyPlantAndEquipmentNetInventory$54.39inventoryTotal assets$8.08MtotalAssetsResult 41.5% | 0.01xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenue$21.49KtotalRevenueNet PP&E$3.35MpropertyPlantAndEquipmentNetResult 0.01x | 40.45xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapex$563.41KcapitalExpendituresD&A$13.93KdepreciationAndAmortizationResult 40.45x | $0.02Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$8.08MtotalAssetsGoodwill$29.34KgoodWillIntangibles$838.31KintangibleAssetsLiabilities$2.78MtotalLiabTangible book$4.43MShares226,000,000commonStockSharesOutstandingResult $0.02 | —Fixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$165.31KebitdaCapex$563.41KcapitalExpendituresInterest—Not reportedShort-term debt$1.29MshortTermDebtEBITDA − capex-$728.72KPrincipal due is short-term debt.Result — | $68.48KFree cash flow · 2020-12-31Reported free cash flowOperating cash flow$631.88KtotalCashFromOperatingActivitiesCapex$563.41KcapitalExpendituresFree cash flow$68.48KfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $68.48K | —ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$179.24KoperatingIncomeTax expense$1.99KincomeTaxExpensePretax income-$153.41KincomeBeforeTaxTax rate—Equity$5.30MtotalStockholderEquityDebt$2.22MshortLongTermDebtTotalCash$2.86McashAndShortTermInvestmentsInvested capital$4.66MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -0.05xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating income-$179.24KoperatingIncomeNet PP&E$3.35MpropertyPlantAndEquipmentNetResult -0.05x |
| 2021 | 3.8%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&E$2.24MpropertyPlantEquipmentInventory$610.00KinventoryTotal assets$74.50MtotalAssetsResult 3.8% | 2.72xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenue$6.07MtotalRevenueNet PP&E$2.24MpropertyPlantEquipmentResult 2.72x | 0.20xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapex$115.00KcapitalExpendituresD&A$584.00KdepreciationAndAmortizationResult 0.20x | $0.33Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$74.50MtotalAssetsGoodwill$11.47MgoodWillIntangibles$7.40MintangibleAssetsLiabilities$46.49MtotalLiabTangible book$9.14MShares27,792,000commonStockSharesOutstandingResult $0.33 | -2.97xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$8.20MebitdaCapex$115.00KcapitalExpendituresInterest$687.00KinterestExpenseShort-term debt$2.11MshortLongTermDebtEBITDA − capex-$8.31MPrincipal due is the current portion of debt.Result -2.97x | -$7.68MFree cash flow · 2021-12-31Reported free cash flowOperating cash flow-$7.56MtotalCashFromOperatingActivitiesCapex$115.00KcapitalExpendituresFree cash flow-$7.68MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$7.68M | —ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$5.94MoperatingIncomeTax expense-$1.73MincomeTaxExpensePretax income-$9.47MincomeBeforeTaxTax rate—Equity$28.01MtotalStockholderEquityDebt$41.63MshortLongTermDebtTotalCash$3.09McashInvested capital$66.55MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -2.66xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating income-$5.94MoperatingIncomeNet PP&E$2.24MpropertyPlantEquipmentResult -2.66x |
| 2022 | 2.5%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&E$2.39MpropertyPlantEquipmentInventory$407.00KinventoryTotal assets$112.27MtotalAssetsResult 2.5% | 6.68xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenue$15.95MtotalRevenueNet PP&E$2.39MpropertyPlantEquipmentResult 6.68x | 0.43xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapex$320.00KcapitalExpendituresD&A$737.00KdepreciationAndAmortizationResult 0.43x | $5.07Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$112.27MtotalAssetsGoodwill$11.47MgoodWillIntangibles$8.30MintangibleAssetsLiabilities$43.91MtotalLiabTangible book$48.59MShares9,583,000commonStockSharesOutstandingResult $5.07 | -1.87xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$15.58MebitdaCapex$320.00KcapitalExpendituresInterest$1.11MinterestExpenseShort-term debt$7.41MshortLongTermDebtEBITDA − capex-$15.90MPrincipal due is the current portion of debt.Result -1.87x | -$19.61MFree cash flow · 2022-12-31Reported free cash flowOperating cash flow-$19.29MtotalCashFromOperatingActivitiesCapex$320.00KcapitalExpendituresFree cash flow-$19.61MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$19.61M | —ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$17.34MoperatingIncomeTax expense$2.63MincomeTaxExpensePretax income-$17.43MincomeBeforeTaxTax rate—Equity$68.37MtotalStockholderEquityDebt$34.15MshortLongTermDebtTotalCash$8.37McashInvested capital$94.15MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -7.26xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating income-$17.34MoperatingIncomeNet PP&E$2.39MpropertyPlantEquipmentResult -7.26x |
| 2023 | 0.9%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&E$23.00KpropertyPlantAndEquipmentNetInventory$554.00KinventoryTotal assets$63.36MtotalAssetsResult 0.9% | 793.22xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenue$18.24MtotalRevenueNet PP&E$23.00KpropertyPlantAndEquipmentNetResult 793.22x | 0.20xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapex$308.00KcapitalExpendituresD&A$1.58MdepreciationAndAmortizationResult 0.20x | -$57.43Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$63.36MtotalAssetsGoodwill$0.00goodWillIntangibles$0.00Not reported, treated as 0Liabilities$552.35MtotalLiabTangible book-$488.99MShares8,514,000commonStockSharesOutstandingIntangibles were not reported and are treated as zero.Result -$57.43 | -55.16xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$428.56MebitdaCapex$308.00KcapitalExpendituresInterest$1.12MinterestExpenseShort-term debt$6.65MshortTermDebtEBITDA − capex-$428.86MPrincipal due is short-term debt.Result -55.16x | -$23.73MFree cash flow · 2023-12-31Reported free cash flowOperating cash flow-$23.42MtotalCashFromOperatingActivitiesCapex$308.00KcapitalExpendituresFree cash flow-$23.73MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$23.73M | —ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$57.16MoperatingIncomeTax expense-$325.00KincomeTaxExpensePretax income-$431.26MincomeBeforeTaxTax rate—Equity-$57.11MtotalStockholderEquityDebt$29.62MshortLongTermDebtTotalCash$672.00KcashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -2,485.13xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating income-$57.16MoperatingIncomeNet PP&E$23.00KpropertyPlantAndEquipmentNetResult -2,485.13x |
| 2024 | 0.0%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&E$24.00KpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$61.23MtotalAssetsInventory was not reported and is treated as zero.Result 0.0% | 281.04xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenue$6.75MtotalRevenueNet PP&E$24.00KpropertyPlantAndEquipmentNetResult 281.04x | 1.83xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapex$11.00KcapitalExpendituresD&A$6.00KdepreciationAndAmortizationResult 1.83x | -$1.58Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$61.23MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$81.33MtotalLiabTangible book-$20.10MShares12,726,176commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result -$1.58 | 12.43xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$151.39MebitdaCapex$11.00KcapitalExpendituresInterest$1.90MinterestExpenseShort-term debt$10.28MshortTermDebtEBITDA − capex$151.38MPrincipal due is short-term debt.Result 12.43x | -$12.56MFree cash flow · 2024-12-31Reported free cash flowOperating cash flow-$12.55MtotalCashFromOperatingActivitiesCapex$11.00KcapitalExpendituresFree cash flow-$12.56MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$12.56M | -50.4%ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$15.86MoperatingIncomeTax expense$2.00KincomeTaxExpensePretax income$149.48MincomeBeforeTaxTax rate0.0%Equity-$8.97MtotalStockholderEquityDebt$41.26MshortLongTermDebtTotalCash$825.00KcashInvested capital$31.47MResult -50.4% | -660.83xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating income-$15.86MoperatingIncomeNet PP&E$24.00KpropertyPlantAndEquipmentNetResult -660.83x |
| 2025 | 6.3%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$4.21MpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$66.70MtotalAssetsInventory was not reported and is treated as zero.Result 6.3% | 3.54xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$14.90MtotalRevenueNet PP&E$4.21MpropertyPlantAndEquipmentNetResult 3.54x | 0.44xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$153.00KcapitalExpendituresD&A$349.00KdepreciationAndAmortizationResult 0.44x | $0.58Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$66.70MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$1.06MintangibleAssetsLiabilities$42.88MtotalLiabTangible book$22.76MShares39,255,885commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $0.58 | 1.51xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$10.04MebitdaCapex$153.00KcapitalExpendituresInterest$3.38MinterestExpenseShort-term debt$3.16MshortLongTermDebtEBITDA − capex$9.89MPrincipal due is the current portion of debt.Result 1.51x | -$24.76MFree cash flow · 2025-12-31Reported free cash flowOperating cash flow-$24.60MtotalCashFromOperatingActivitiesCapex$153.00KcapitalExpendituresFree cash flow-$24.76MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$24.76M | -53.9%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$15.10MoperatingIncomeTax expense-$2.00KincomeTaxExpensePretax income$6.31MincomeBeforeTaxTax rate0.0%Equity$11.93MtotalStockholderEquityDebt$17.98MshortLongTermDebtTotalCash$1.87McashInvested capital$28.04MResult -53.9% | -3.59xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating income-$15.10MoperatingIncomeNet PP&E$4.21MpropertyPlantAndEquipmentNetResult -3.59x |
- Inventory was missing and treated as zero in the physical asset ratio.
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: $4.21M
Inventory: $0.00
Total assets: $66.70M
Goodwill: $0.00
Intangibles: $1.06M
Liabilities: $42.88M
Tangible book: $22.76M
Shares: 39,255,885
Revenue: $14.90M
Capex: $153.00K
D&A: $349.00K
EBITDA: $10.04M
Interest: $3.38M
Short-term debt: $3.16M
Free cash flow: -$24.76M
Operating income: -$15.10M
Invested capital: $28.04M
Tax rate: 0.0%