CATCo Reinsurance Opportunities Fund Ltd
CATCo Reinsurance Opportunities Fund Ltd. is a feeder fund launched and managed by CATCo Investment Management Ltd. The fund invests its entire corpus in the CATCo Diversified Fund. CATCo Reinsurance Opportunities Fund Ltd. was formed on November 20, 2010 and is domiciled in Bermuda.
CATCo Reinsurance Opportunities Fund Ltd (CAT) - Net Assets
Latest net assets as of December 2023: $14.48 Million USD
Based on the latest financial reports, CATCo Reinsurance Opportunities Fund Ltd (CAT) has net assets worth $14.48 Million USD as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($16.92 Million) and total liabilities ($2.45 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 | $14.48 Million |
| % of Total Assets | 85.54% |
| Annual Growth Rate | -39.07% |
| 5-Year Change | -95.28% |
| 10-Year Change | N/A |
| Growth Volatility | 61.57 |
CATCo Reinsurance Opportunities Fund Ltd - Net Assets Trend (2016–2023)
This chart illustrates how CATCo Reinsurance Opportunities Fund Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for CATCo Reinsurance Opportunities Fund Ltd (2016–2023)
The table below shows the annual net assets of CATCo Reinsurance Opportunities Fund Ltd from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $14.48 Million | +60.22% |
| 2022-12-31 | $9.03 Million | -91.54% |
| 2021-12-31 | $106.78 Million | -4.53% |
| 2020-12-31 | $111.85 Million | -63.55% |
| 2019-12-31 | $306.88 Million | -36.04% |
| 2018-12-31 | $479.81 Million | -45.76% |
| 2017-12-31 | $884.61 Million | +90.81% |
| 2016-12-31 | $463.62 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to CATCo Reinsurance Opportunities Fund Ltd'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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $14.48 Million | 100.00% |
| Total Equity | $14.48 Million | 100.00% |
CATCo Reinsurance Opportunities Fund Ltd Competitors by Market Cap
The table below lists competitors of CATCo Reinsurance Opportunities Fund Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IMPERIAL BRANDS (ITB.SG)
STU:ITB
|
$365.23K |
|
FLUOR (NEW)
MU:FLU
|
$365.71K |
|
ADMIRAL GROUP
BE:FLN
|
$365.86K |
|
SEALED AIR (SDA.SG)
STU:SDA
|
$365.90K |
|
Sunstock Inc
OTCQB:SSOK
|
$364.70K |
|
Avaron Mining Corp.
V:AVR
|
$364.62K |
|
Genifi Inc.
V:GNFI
|
$364.23K |
|
ALL FOR ONE STEEB - Dusseldorf Stock Exchang
DU:A1OS
|
$363.22K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CATCo Reinsurance Opportunities Fund Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 9,034,376 to 14,475,243, a change of 5,440,867 (60.2%).
- Net income of 5,440,867 contributed positively to equity growth.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $5.44 Million | +37.59% |
| Total Change | $- | 60.22% |
Book Value vs Market Value Analysis
This analysis compares CATCo Reinsurance Opportunities Fund Ltd'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: 0.50x
- 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 22.10x to 0.50x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $1.70 | $37.50 | x |
| 2017-12-31 | $2.26 | $37.50 | x |
| 2018-12-31 | $1.23 | $37.50 | x |
| 2019-12-31 | $0.41 | $37.50 | x |
| 2020-12-31 | $0.38 | $37.50 | x |
| 2021-12-31 | $0.46 | $37.50 | x |
| 2022-12-31 | $46.95 | $37.50 | x |
| 2023-12-31 | $75.22 | $37.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CATCo Reinsurance Opportunities Fund Ltd 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): 37.59%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 103.49%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 1.17x
- Recent ROE (37.59%) is above the historical average (31.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 7.31% | 94.28% | 0.08x | 1.00x | $-12.47 Million |
| 2017 | -15.16% | 0.00% | -0.15x | 1.00x | $-222.56 Million |
| 2018 | -79.69% | 0.00% | -0.79x | 1.00x | $-430.35 Million |
| 2019 | -23.23% | 0.00% | -0.23x | 1.00x | $-101.97 Million |
| 2020 | 1.19% | 94.23% | 0.01x | 1.00x | $-9.85 Million |
| 2021 | 20.73% | 81.91% | 0.25x | 1.00x | $11.45 Million |
| 2022 | 300.23% | 87.68% | 2.58x | 1.33x | $26.22 Million |
| 2023 | 37.59% | 103.49% | 0.31x | 1.17x | $3.99 Million |
Industry Comparison
This section compares CATCo Reinsurance Opportunities Fund Ltd's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CATCo Reinsurance Opportunities Fund Ltd (CAT) | $14.48 Million | 7.31% | 0.17x | $364.76K |
| Nyfosa AB (0A0K) | $2.92 Billion | 39.50% | 2.88x | $973.31 Million |
| High Templar Tech Limited (0A2T) | $12.52 Billion | 4.70% | 0.13x | $255.82 Million |
| Strategy Inc (0A7O) | $51.04 Billion | -7.54% | 0.21x | $40.17 Billion |
| NACON SASU (0A9N) | $67.54 Million | 15.85% | 1.20x | $7.64 Million |
| Antin Infrastructure Partners (0AA5) | $23.79 Million | 108.98% | 1.09x | $573.10 Million |
| Truecaller AB Series B (0AA7) | $1.41 Billion | 18.30% | 0.20x | $281.60 Million |
| Brockhaus Technologies AG (0AAW) | $254.92 Million | -6.23% | 1.68x | $74.40 Million |
| Hyloris Pharmaceuticals S.A. (0AB6) | $48.06 Million | -24.09% | 0.32x | $71.96 Million |
| Kalray S.A. (0ABT) | $28.43 Million | -41.56% | 0.67x | $33.84 Million |
| Webuild S.p.A. (0BJP) | $1.43 Billion | 10.29% | 7.14x | $1.13 Billion |