CoinShares PLC Ordinary Shares (CSHR) - Net Assets
Based on the latest financial reports, CoinShares PLC Ordinary Shares (CSHR) has net assets worth $230.28 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($234.00 Million) and total liabilities ($3.72 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. Check CoinShares PLC Ordinary Shares tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $230.28 Million |
| % of Total Assets | 98.41% |
| Annual Growth Rate | -3.93% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 57.58 |
CoinShares PLC Ordinary Shares - Net Assets Trend (2021–2025)
This chart illustrates how CoinShares PLC Ordinary Shares's net assets have evolved over time, based on quarterly financial data. See CoinShares PLC Ordinary Shares defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for CoinShares PLC Ordinary Shares (2021–2025)
The table below shows the annual net assets of CoinShares PLC Ordinary Shares from 2021 to 2025. For live valuation and market cap data, see CoinShares PLC Ordinary Shares (CSHR) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $229.95 Million | -41.63% |
| 2024-12-31 | $393.95 Million | +29.26% |
| 2023-12-31 | $304.77 Million | +1059.15% |
| 2022-12-31 | $-31.78 Million | -111.77% |
| 2021-12-31 | $269.95 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to CoinShares PLC Ordinary Shares'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 100.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $233.38 Million | 101.49% |
| Other Components | $1.00 | 0.00% |
| Total Equity | $229.95 Million | 100.00% |
CoinShares PLC Ordinary Shares Competitors by Market Cap
The table below lists competitors of CoinShares PLC Ordinary Shares ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Madhya Bharat Agro Products Limited
NSE:MBAPL
|
$533.77 Million |
|
Kambi Group PLC Series B
IL:0EAW
|
$533.77 Million |
|
Jiangsu Rijiu Optoelectronics Joint
SHE:003015
|
$533.85 Million |
|
Zhangjiagang Freetrade Science and Technology Co Ltd
SHG:600794
|
$533.88 Million |
|
Hyster-Yale Materials Handling Inc
NYSE:HY
|
$533.51 Million |
|
Cineplex Inc.
TO:CGX
|
$533.48 Million |
|
Ari Real Estate Arena Investment Ltd
TA:ARIN
|
$533.45 Million |
|
Analyst IMS Investment Management Services Ltd
TA:ANLT
|
$533.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CoinShares PLC Ordinary Shares's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 393,946,043 to 229,954,987, a change of -163,991,056 (-41.6%).
- Net income of 5,530,279 contributed positively to equity growth.
- Dividend payments of 25,070,000 reduced retained earnings.
- Share repurchases of 10,617,000 reduced equity.
- Other factors decreased equity by 133,834,335.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $5.53 Million | +2.4% |
| Dividends Paid | $25.07 Million | -10.9% |
| Share Repurchases | $10.62 Million | -4.62% |
| Other Changes | $-133.83 Million | -58.2% |
| Total Change | $- | -41.63% |
Book Value vs Market Value Analysis
This analysis compares CoinShares PLC Ordinary Shares'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: 0.53x
- 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 1.08x to 0.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $3.86 | $4.16 | x |
| 2022-12-31 | $3.42 | $4.16 | x |
| 2023-12-31 | $4.28 | $4.16 | x |
| 2024-12-31 | $5.61 | $4.16 | x |
| 2025-12-31 | $7.84 | $4.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CoinShares PLC Ordinary Shares 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): 2.40%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.39%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 1.02x
- Recent ROE (2.40%) is above the historical average (-179.95%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -1206.08% | -2987.22% | 0.02x | 20.01x | $-3.28 Billion |
| 2022 | 255.33% | 4027.41% | 0.01x | 4.98x | $604.91 Million |
| 2023 | 15.36% | 85.30% | 0.02x | 11.42x | $16.34 Million |
| 2024 | 33.24% | 119.50% | 0.02x | 15.29x | $91.55 Million |
| 2025 | 2.40% | 3.39% | 0.70x | 1.02x | $-17.47 Million |
Industry Comparison
This section compares CoinShares PLC Ordinary Shares's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $162,193,309
- Average return on equity (ROE) among peers: -6.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CoinShares PLC Ordinary Shares (CSHR) | $230.28 Million | -1206.08% | 0.02x | $533.71 Million |
| American Bitcoin Corp (ABTC) | $1.02 Billion | 42.26% | 0.09x | $278.79 Million |
| Abits Group Inc. (ABTS) | $9.73 Million | -6.60% | 0.34x | $3.23 Million |
| Sphere 3D Corp (ANY) | $40.32 Million | -58.05% | 0.24x | $21.08 Million |
| Argo Blockchain PLC ADR (ARBK) | $33.15 Million | 5.93% | 0.34x | $957.54K |
| AtlasClear Holdings, Inc. (ATCH) | $-3.23 Million | 0.00% | 0.00x | $32.53 Million |
| Prestige Wealth Inc. (AURE) | $-291.66K | 0.00% | 0.00x | $51.29 Million |
| Solowin Holdings (AXG) | $3.34 Million | 5.15% | 2.06x | $529.48 Million |
| BGC Group Inc. (BGC) | $271.69 Million | 13.29% | 0.10x | $4.46 Billion |
| Big Digital Energy, Inc. (BGDE) | $-3.24 Million | 0.00% | 0.00x | $34.07 Million |
| Bitfarms Ltd (BITF) | $255.40 Million | -68.77% | 0.34x | $1.21 Billion |
About CoinShares PLC Ordinary Shares
CoinShares PLC engages in the creating financial products with digital assets and blockchain technology business in Jersey. It operates through three segments: Asset Management, Capital Markets, and Principal Investments. The company offers CoinShares Physical, CoinShares Valkyrie, CoinShares XBT, and The Blockchain Global Equity Index products. It also provides hedge fund solutions, indices, ven… Read more