Canterbury Park Holding Corporation
Canterbury Park Holding Corporation, through its subsidiaries, engages in horse racing, casino, food and beverage, and real estate development businesses. The company operates year-round simulcasting of horse races, as well as wagering on live thoroughbred and quarter horse races on a seasonal basis. It offers unbanked card games, such as poker and table games. In addition, the company is involve… Read more
Canterbury Park Holding Corporation (CPHC) - Net Assets
Latest net assets as of September 2025: $84.12 Million USD
Based on the latest financial reports, Canterbury Park Holding Corporation (CPHC) has net assets worth $84.12 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 ($114.38 Million) and total liabilities ($30.26 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 | $84.12 Million |
| % of Total Assets | 73.55% |
| Annual Growth Rate | 8.85% |
| 5-Year Change | 63.94% |
| 10-Year Change | 154.06% |
| Growth Volatility | 9.5 |
Canterbury Park Holding Corporation - Net Assets Trend (1994–2024)
This chart illustrates how Canterbury Park Holding Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Canterbury Park Holding Corporation (1994–2024)
The table below shows the annual net assets of Canterbury Park Holding Corporation from 1994 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $84.09 Million | +2.80% |
| 2023-12-31 | $81.80 Million | +14.91% |
| 2022-12-31 | $71.19 Million | +10.62% |
| 2021-12-31 | $64.35 Million | +25.46% |
| 2020-12-31 | $51.29 Million | +3.80% |
| 2019-12-31 | $49.42 Million | +5.74% |
| 2018-12-31 | $46.73 Million | +14.78% |
| 2017-12-31 | $40.72 Million | +11.40% |
| 2016-12-31 | $36.55 Million | +10.43% |
| 2015-12-31 | $33.10 Million | +6.78% |
| 2014-12-31 | $31.00 Million | +9.66% |
| 2013-12-31 | $28.27 Million | +5.13% |
| 2012-12-31 | $26.88 Million | -2.14% |
| 2011-12-31 | $27.47 Million | +3.49% |
| 2010-12-31 | $26.55 Million | -2.77% |
| 2009-12-31 | $27.30 Million | +2.33% |
| 2008-12-31 | $26.68 Million | -6.64% |
| 2007-12-31 | $28.58 Million | +6.40% |
| 2006-12-31 | $26.86 Million | +10.27% |
| 2005-12-31 | $24.36 Million | +16.01% |
| 2004-12-31 | $21.00 Million | +24.78% |
| 2003-12-31 | $16.83 Million | +20.99% |
| 2002-12-31 | $13.91 Million | +17.31% |
| 2001-12-31 | $11.86 Million | +21.43% |
| 2000-12-31 | $9.76 Million | +14.85% |
| 1999-12-31 | $8.50 Million | +28.79% |
| 1998-12-31 | $6.60 Million | +8.20% |
| 1997-12-31 | $6.10 Million | +5.17% |
| 1996-12-31 | $5.80 Million | +1.75% |
| 1995-12-31 | $5.70 Million | -13.64% |
| 1994-12-31 | $6.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Canterbury Park Holding Corporation'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 5639742000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $55.10 Million | 65.52% |
| Common Stock | $50.37K | 0.06% |
| Other Components | $28.94 Million | 34.42% |
| Total Equity | $84.09 Million | 100.00% |
Canterbury Park Holding Corporation Competitors by Market Cap
The table below lists competitors of Canterbury Park Holding Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ju Teng International Holdings Limited
TW:9136
|
$39.23 Million |
|
Hareket Proje Tasimaciligi ve Yuk Muhendisligi Anonim Sirketi
IS:HRKET
|
$39.24 Million |
|
Epoch Chemtronics Corp.
TWO:3633
|
$39.25 Million |
|
Radiopharm Theranostics Limited American Depositary Shares
PINK:RADX
|
$39.26 Million |
|
Everspring Industry Co Ltd
TW:2390
|
$39.21 Million |
|
Netas Telekomunikasyon AS
IS:NETAS
|
$39.20 Million |
|
RoyalTek Co Ltd
TWO:3306
|
$39.20 Million |
|
Alchera Inc.
KQ:347860
|
$39.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Canterbury Park Holding Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 81,796,597 to 84,088,674, a change of 2,292,077 (2.8%).
- Net income of 2,112,842 contributed positively to equity growth.
- Dividend payments of 1,405,636 reduced retained earnings.
- New share issuances of 251,577 increased equity.
- Other factors increased equity by 1,333,294.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.11 Million | +2.51% |
| Dividends Paid | $1.41 Million | -1.67% |
| Share Issuances | $251.58K | +0.3% |
| Other Changes | $1.33 Million | +1.59% |
| Total Change | $- | 2.80% |
Book Value vs Market Value Analysis
This analysis compares Canterbury Park Holding Corporation'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: 0.94x
- 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 5.43x to 0.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $2.89 | $15.71 | x |
| 1995-12-31 | $1.90 | $15.71 | x |
| 1996-12-31 | $1.74 | $15.71 | x |
| 1997-12-31 | $2.44 | $15.71 | x |
| 1998-12-31 | $2.20 | $15.71 | x |
| 1999-12-31 | $2.67 | $15.71 | x |
| 2000-12-31 | $2.68 | $15.71 | x |
| 2001-12-31 | $3.20 | $15.71 | x |
| 2002-12-31 | $3.48 | $15.71 | x |
| 2003-12-31 | $4.10 | $15.71 | x |
| 2004-12-31 | $5.00 | $15.71 | x |
| 2005-12-31 | $5.82 | $15.71 | x |
| 2006-12-31 | $6.36 | $15.71 | x |
| 2007-12-31 | $6.76 | $15.71 | x |
| 2008-12-31 | $6.59 | $15.71 | x |
| 2009-12-31 | $6.85 | $15.71 | x |
| 2010-12-31 | $6.57 | $15.71 | x |
| 2011-12-31 | $6.65 | $15.71 | x |
| 2012-12-31 | $6.45 | $15.71 | x |
| 2013-12-31 | $6.75 | $15.71 | x |
| 2014-12-31 | $7.39 | $15.71 | x |
| 2015-12-31 | $7.80 | $15.71 | x |
| 2016-12-31 | $8.48 | $15.71 | x |
| 2017-12-31 | $9.25 | $15.71 | x |
| 2018-12-31 | $10.31 | $15.71 | x |
| 2019-12-31 | $10.72 | $15.71 | x |
| 2020-12-31 | $10.92 | $15.71 | x |
| 2021-12-31 | $13.33 | $15.71 | x |
| 2022-12-31 | $14.55 | $15.71 | x |
| 2023-12-31 | $16.53 | $15.71 | x |
| 2024-12-31 | $16.71 | $15.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Canterbury Park Holding Corporation 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): 2.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.43%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.31x
- Recent ROE (2.51%) is below the historical average (6.33%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | -19.70% | -15.48% | 0.88x | 1.45x | $-1.96 Million |
| 1995 | -15.79% | -5.08% | 1.77x | 1.75x | $-1.47 Million |
| 1996 | 1.72% | 0.57% | 1.87x | 1.60x | $-480.00K |
| 1997 | 1.64% | 0.55% | 1.86x | 1.61x | $-510.00K |
| 1998 | 6.06% | 2.08% | 2.04x | 1.42x | $-260.00K |
| 1999 | 4.71% | 1.97% | 1.99x | 1.20x | $-450.00K |
| 2000 | 8.59% | 2.58% | 2.44x | 1.36x | $-137.36K |
| 2001 | 15.32% | 4.60% | 2.39x | 1.40x | $631.26K |
| 2002 | 16.37% | 5.46% | 2.19x | 1.37x | $885.87K |
| 2003 | 17.06% | 6.00% | 2.15x | 1.33x | $1.19 Million |
| 2004 | 18.40% | 7.04% | 1.95x | 1.34x | $1.76 Million |
| 2005 | 12.54% | 5.53% | 1.76x | 1.29x | $617.67K |
| 2006 | 11.63% | 5.60% | 1.63x | 1.28x | $439.09K |
| 2007 | 9.17% | 4.96% | 1.46x | 1.26x | $-237.07K |
| 2008 | 1.64% | 0.95% | 1.43x | 1.21x | $-2.23 Million |
| 2009 | 0.22% | 0.15% | 1.25x | 1.16x | $-2.67 Million |
| 2010 | -3.74% | -2.49% | 1.22x | 1.23x | $-3.65 Million |
| 2011 | 1.45% | 0.98% | 1.19x | 1.24x | $-2.35 Million |
| 2012 | 3.78% | 2.24% | 1.30x | 1.30x | $-1.67 Million |
| 2013 | 3.60% | 2.18% | 1.26x | 1.31x | $-1.81 Million |
| 2014 | 7.78% | 4.97% | 1.23x | 1.27x | $-688.36K |
| 2015 | 8.24% | 5.22% | 1.15x | 1.37x | $-582.73K |
| 2016 | 11.48% | 8.00% | 1.06x | 1.36x | $540.93K |
| 2017 | 10.05% | 7.18% | 1.04x | 1.34x | $19.07K |
| 2018 | 12.24% | 9.67% | 0.96x | 1.31x | $1.05 Million |
| 2019 | 5.50% | 4.59% | 0.91x | 1.32x | $-2.22 Million |
| 2020 | 2.07% | 3.20% | 0.48x | 1.34x | $-4.07 Million |
| 2021 | 18.33% | 19.53% | 0.73x | 1.29x | $5.36 Million |
| 2022 | 10.55% | 11.24% | 0.72x | 1.30x | $394.44K |
| 2023 | 12.91% | 17.19% | 0.59x | 1.28x | $2.38 Million |
| 2024 | 2.51% | 3.43% | 0.56x | 1.31x | $-6.30 Million |
Industry Comparison
This section compares Canterbury Park Holding Corporation's net assets metrics with peer companies in the Resorts & Casinos industry.
Industry Context
- Industry: Resorts & Casinos
- Average net assets among peers: $4,283,375,029
- Average return on equity (ROE) among peers: -5.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Canterbury Park Holding Corporation (CPHC) | $84.12 Million | -19.70% | 0.36x | $39.22 Million |
| Archon Corporation (ARHN) | $24.65 Million | -30.23% | 8.66x | $132.68K |
| Bally's Corp (BALY) | $211.41 Million | 26.08% | 3.83x | $133.77 Million |
| Bloomberry Resorts Corporation (BLBRF) | $30.29 Billion | 20.05% | 1.40x | $522.71 Million |
| Blue Ridge Real Estate Company (BRRE) | $-708.73K | 0.00% | 0.00x | $8.61 Million |
| Boyd Gaming Corporation (BYD) | $1.11 Billion | 10.52% | 2.51x | $4.44 Billion |
| Banyan Tree Holdings Limited (BYNEF) | $719.75 Million | 1.87% | 1.27x | $195.40K |
| Concorde Gaming Corporation (CGAM) | $1.98 Million | -48.86% | 7.92x | $0.91 |
| Century Casinos Inc (CNTY) | $126.98 Million | -37.80% | 4.36x | $29.64 Million |
| Caesars Entertainment Corporation (CZR) | $6.07 Billion | 8.83% | 2.67x | $3.95 Billion |