Base Carbon Inc. (BCBN) - Net Assets
Based on the latest financial reports, Base Carbon Inc. (BCBN) has net assets worth CA$121.55 Million CAD as of June 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$127.22 Million) and total liabilities (CA$5.67 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 | CA$121.55 Million |
| % of Total Assets | 95.54% |
| Annual Growth Rate | 60.41% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 111.69 |
Base Carbon Inc. - Net Assets Trend (2021–2023)
This chart illustrates how Base Carbon Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Base Carbon Inc. (2021–2023)
The table below shows the annual net assets of Base Carbon Inc. from 2021 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | CA$134.69 Million | +207.10% |
| 2022-12-31 | CA$43.86 Million | -16.27% |
| 2021-12-31 | CA$52.38 Million | -- |
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 8311596800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$81.59 Million | 60.57% |
| Other Components | CA$53.10 Million | 39.43% |
| Total Equity | CA$134.69 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 |
|---|---|
|
Nam Kwang Cons
KO:001260
|
$67.04 Million |
|
City Auto Corp
VN:CTF
|
$67.05 Million |
|
ETHZilla Corporation
NASDAQ:ETHZ
|
$67.11 Million |
|
Great Elm Group Inc
NASDAQ:GEG
|
$67.13 Million |
|
Lion One Metals Limited
V:LIO
|
$67.03 Million |
|
GrowGeneration Corp
NASDAQ:GRWG
|
$67.02 Million |
|
Ihlas Holding AS
IS:IHLAS
|
$66.96 Million |
|
S.A.L. Steel Limited
NSE:SALSTEEL
|
$66.95 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 2022 to 2023, total equity changed from 37,661,258 to 134,688,859, a change of 97,027,601 (257.6%).
- Net income of 98,273,853 contributed positively to equity growth.
- Share repurchases of 1,889,462 reduced equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$98.27 Million | +72.96% |
| Share Repurchases | CA$1.89 Million | -1.4% |
| Other Changes | CA$643.21K | +0.48% |
| Total Change | CA$- | 257.63% |
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: 0.79x
- 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 2.26x to 0.79x 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$0.90 | x |
| 2022-12-31 | CA$0.31 | CA$0.90 | x |
| 2023-12-31 | CA$1.14 | CA$0.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Base Carbon Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 72.96%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 88.45%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 1.05x
- Recent ROE (72.96%) is above the historical average (9.62%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -3.01% | 0.00% | 0.00x | 1.04x | CA$-6.62 Million |
| 2022 | -41.09% | 0.00% | 0.00x | 1.17x | CA$-19.24 Million |
| 2023 | 72.96% | 88.45% | 0.79x | 1.05x | CA$84.80 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: $365,853,462
- Average return on equity (ROE) among peers: -5.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Base Carbon Inc. (BCBN) | CA$121.55 Million | -3.01% | 0.05x | $67.04 Million |
| Aberdeen International Inc. (AAB) | $87.49 Million | -10.35% | 0.14x | $3.49 Million |
| Alaris Equity Partners Income Trust (AD-UN) | $1.10 Billion | 21.27% | 0.09x | $735.97 Million |
| AI Artificial Intelligence Ventures Inc. (AIVC) | $10.88 Million | 16.52% | 0.04x | $6.26 Million |
| Brookfield Global Infrastructure Securities Income Fund (BGI-UN) | $79.61 Million | 16.08% | 0.30x | $73.38 Million |
| Canadian Banc Corp (BK) | $62.13 Million | -148.50% | 1.76x | $525.03 Million |
| Bankers Petroleum Ltd (BNK) | $22.05 Million | 24.08% | 0.83x | $17.81 Million |
| Canadian General Investments Ltd (CGI) | $1.28 Billion | 19.91% | 0.14x | $784.71 Million |
| CI Financial Corp (CIX) | $635.55 Million | 11.17% | 0.61x | $3.32 Billion |
| Canso Select Opportunities Corporation (CSOC-B) | $13.11 Million | -3.83% | 0.00x | $13.58 Million |
About Base Carbon Inc.
Base Carbon Inc., together with its subsidiaries, provides capital, development expertise, and management operating resources. It serves projects involved primarily in voluntary carbon markets and broader environmental markets. The company was formerly known as 1287411 B.C. Ltd. and changed its name to Base Carbon Inc. in February 2022. Base Carbon Corp. is based in Toronto, Canada.