Base Carbon Inc. (BCBN) - Net Assets
Based on the latest financial reports, Base Carbon Inc. (BCBN) has net assets worth CA$100.49 Million CAD (≈ $72.69 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 (CA$108.94 Million ≈ $78.80 Million USD) and total liabilities (CA$8.45 Million ≈ $6.11 Million USD). 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 BCBN goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$100.49 Million |
| % of Total Assets | 92.25% |
| Annual Growth Rate | 17.69% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 96.07 |
Base Carbon Inc. - Net Assets Trend (2021–2025)
This chart illustrates how Base Carbon Inc.'s net assets have evolved over time, based on quarterly financial data. See Base Carbon Inc. defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Base Carbon Inc. (2021–2025)
The table below shows the annual net assets of Base Carbon Inc. from 2021 to 2025. For live valuation and market cap data, see BCBN company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$100.49 Million ≈ $72.69 Million |
-2.44% |
| 2024-12-31 | CA$103.01 Million ≈ $74.51 Million |
-23.52% |
| 2023-12-31 | CA$134.69 Million ≈ $97.43 Million |
+207.10% |
| 2022-12-31 | CA$43.86 Million ≈ $31.73 Million |
-16.27% |
| 2021-12-31 | CA$52.38 Million ≈ $37.89 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Base Carbon Inc.'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 5445530600.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$52.93 Million | 52.67% |
| Other Components | CA$47.56 Million | 47.33% |
| Total Equity | CA$100.49 Million | 100.00% |
Base Carbon Inc. Competitors by Market Cap
The table below lists competitors of Base Carbon Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DY Corporation
KO:013570
|
$64.28 Million |
|
360 Capital REIT
AU:TOT
|
$64.32 Million |
|
Ice Fish Farm AS
OL:IFISH
|
$64.33 Million |
|
Keum Kang Steel Co. Ltd
KQ:053260
|
$64.33 Million |
|
Ok Biotech Co Ltd
TW:4155
|
$64.25 Million |
|
Solutions 30 SE
F:30L3
|
$64.24 Million |
|
Jaiprakash Associates Limited
NSE:JPASSOCIAT
|
$64.24 Million |
|
Maat Pharma SA
PA:MAAT
|
$64.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Base Carbon Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 103,008,000 to 100,491,000, a change of -2,517,000 (-2.4%).
- Net income of 245,000 contributed positively to equity growth.
- Share repurchases of 2,980,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$245.00K | +0.24% |
| Share Repurchases | CA$2.98 Million | -2.97% |
| Other Changes | CA$218.00K | +0.22% |
| Total Change | CA$- | -2.44% |
Book Value vs Market Value Analysis
This analysis compares Base Carbon Inc.'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: 0.90x
- 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 2.21x to 0.90x 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 | CA$0.40 | CA$0.88 | x |
| 2022-12-31 | CA$0.31 | CA$0.88 | x |
| 2023-12-31 | CA$1.14 | CA$0.88 | x |
| 2024-12-31 | CA$0.93 | CA$0.88 | x |
| 2025-12-31 | CA$0.98 | CA$0.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Base Carbon Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.24%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.53%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 1.08x
- Recent ROE (0.24%) is above the historical average (0.21%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -3.01% | 0.00% | 0.00x | 1.04x | CA$-6.62 Million |
| 2022 | -41.09% | 0.00% | 0.00x | 1.17x | CA$-19.24 Million |
| 2023 | 72.96% | 1531.16% | 0.05x | 1.05x | CA$84.80 Million |
| 2024 | -28.06% | -102.44% | 0.25x | 1.09x | CA$-39.21 Million |
| 2025 | 0.24% | 13.53% | 0.02x | 1.08x | CA$-9.80 Million |
Industry Comparison
This section compares Base Carbon Inc.'s net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $6,686,850,718
- Average return on equity (ROE) among peers: -14.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Base Carbon Inc. (BCBN) | CA$100.49 Million | -3.01% | 0.08x | $64.26 Million |
| Aberdeen International Inc. (AAB) | $25.89 Million | -37.52% | 0.12x | $2.91 Million |
| Canadian Banc Corp (BK) | $96.27 Million | -14.26% | 1.14x | $519.36 Million |
| Brookfield Corporation (BN) | $53.25 Billion | 5.84% | 1.43x | $98.94 Billion |
| Sprott Physical Gold and Silver Trust (CEF) | $5.01 Billion | 20.29% | 0.00x | $9.02 Billion |
| Canadian General Investments Ltd (CGI) | $288.01 Million | -136.10% | 0.53x | $796.79 Million |
| CI Financial Corp (CIX) | $264.42 Million | 4.35% | 0.73x | $3.32 Billion |
| Clairvest Group Inc. (CVG) | $837.41 Million | 8.30% | 0.13x | $754.58 Million |
| Cymbria Corporation (CYB) | $317.74 Million | 0.50% | 0.02x | $1.00 Billion |
| Dividend 15 Split Corp II (DF) | $92.42 Million | 17.67% | 1.81x | $156.20 Million |
About Base Carbon Inc.
Base Carbon Inc., together with its subsidiaries, engages in the carbon business in Canada and internationally. The company offers capital, development expertise, and management operating resources to projects in voluntary and compliance carbon markets, as well as environmental markets. It is also involved in the sale of carbon credits; carbon capital allocation to carbon removal and reduction pr… Read more