Associated Capital Group Inc
Associated Capital Group, Inc., together with its subsidiaries, provides investment advisory services in the United States. It offers alternative investment management services; operates a direct investment business; and invests in new and existing businesses. The company was founded in 1976 and is headquartered in Greenwich, Connecticut. Associated Capital Group, Inc. is a subsidiary of GGCP Hol… Read more
Associated Capital Group Inc (AC) - Net Assets
Latest net assets as of June 2025: $920.42 Million USD
Based on the latest financial reports, Associated Capital Group Inc (AC) has net assets worth $920.42 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($959.13 Million) and total liabilities ($38.70 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 | $920.42 Million |
| % of Total Assets | 95.96% |
| Annual Growth Rate | 5.43% |
| 5-Year Change | -18.94% |
| 10-Year Change | 18.62% |
| Growth Volatility | 12.92 |
Associated Capital Group Inc - Net Assets Trend (2013–2024)
This chart illustrates how Associated Capital Group 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 Associated Capital Group Inc (2013–2024)
The table below shows the annual net assets of Associated Capital Group Inc from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $898.30 Million | -1.62% |
| 2023-12-31 | $913.08 Million | +1.41% |
| 2022-12-31 | $900.39 Million | -20.87% |
| 2021-12-31 | $1.14 Billion | +2.67% |
| 2020-12-31 | $1.11 Billion | +16.81% |
| 2019-12-31 | $948.70 Million | +3.56% |
| 2018-12-31 | $916.05 Million | -5.01% |
| 2017-12-31 | $964.38 Million | +9.81% |
| 2016-12-31 | $878.25 Million | +15.97% |
| 2015-12-31 | $757.29 Million | +16.28% |
| 2014-12-31 | $651.26 Million | +29.70% |
| 2013-12-31 | $502.13 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Associated Capital Group 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 4580900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $45.81 Million | 5.13% |
| Common Stock | $25.00K | 0.00% |
| Other Components | $846.87 Million | 94.87% |
| Total Equity | $892.71 Million | 100.00% |
Associated Capital Group Inc Competitors by Market Cap
The table below lists competitors of Associated Capital Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
QRF SCA
BR:QRF
|
$42.54 Million |
|
Dardanel Onentas Gida Sanayi AS
IS:DARDL
|
$42.55 Million |
|
Kyochon F And B Co Ltd
KO:339770
|
$42.56 Million |
|
NEOMETALS LTD SP.ADS/10
F:9R91
|
$42.56 Million |
|
Chitec Technology Co., Ltd.
TWO:3430
|
$42.53 Million |
|
TOPMATERIAL LTD
KQ:360070
|
$42.52 Million |
|
Shalby Limited
NSE:SHALBY
|
$42.51 Million |
|
MEDICLIN Aktiengesellschaft
XETRA:MED
|
$42.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Associated Capital Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 906,975,000 to 892,706,000, a change of -14,269,000 (-1.6%).
- Net income of 44,328,000 contributed positively to equity growth.
- Dividend payments of 46,750,000 reduced retained earnings.
- Share repurchases of 11,847,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $44.33 Million | +4.97% |
| Dividends Paid | $46.75 Million | -5.24% |
| Share Repurchases | $11.85 Million | -1.33% |
| Total Change | $- | -1.57% |
Book Value vs Market Value Analysis
This analysis compares Associated Capital Group 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: 0.86x
- 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 1.87x to 0.86x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | $19.38 | $36.16 | x |
| 2014-12-31 | $22.96 | $36.16 | x |
| 2015-12-31 | $29.86 | $36.16 | x |
| 2016-12-31 | $34.72 | $36.16 | x |
| 2017-12-31 | $38.38 | $36.16 | x |
| 2018-12-31 | $37.55 | $36.16 | x |
| 2019-12-31 | $39.82 | $36.16 | x |
| 2020-12-31 | $40.30 | $36.16 | x |
| 2021-12-31 | $42.29 | $36.16 | x |
| 2022-12-31 | $40.42 | $36.16 | x |
| 2023-12-31 | $41.66 | $36.16 | x |
| 2024-12-31 | $41.82 | $36.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Associated Capital Group 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): 4.97%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 336.46%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.05x
- Recent ROE (4.97%) is above the historical average (1.51%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 5.40% | 131.06% | 0.03x | 1.19x | $-22.77 Million |
| 2014 | 0.51% | 14.27% | 0.03x | 1.29x | $-55.29 Million |
| 2015 | -0.01% | -0.49% | 0.03x | 1.11x | $-75.27 Million |
| 2016 | 1.17% | 32.72% | 0.03x | 1.09x | $-77.18 Million |
| 2017 | 0.96% | 32.83% | 0.03x | 1.10x | $-82.98 Million |
| 2018 | -6.71% | -255.06% | 0.02x | 1.10x | $-144.72 Million |
| 2019 | 4.36% | 125.03% | 0.03x | 1.13x | $-50.64 Million |
| 2020 | 2.09% | 99.12% | 0.02x | 1.30x | $-71.32 Million |
| 2021 | 6.33% | 282.94% | 0.02x | 1.29x | $-34.33 Million |
| 2022 | -5.11% | -298.94% | 0.02x | 1.04x | $-134.54 Million |
| 2023 | 4.13% | 295.29% | 0.01x | 1.04x | $-53.25 Million |
| 2024 | 4.97% | 336.46% | 0.01x | 1.05x | $-44.94 Million |
Industry Comparison
This section compares Associated Capital Group Inc's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $289,195,714
- Average return on equity (ROE) among peers: -27.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Associated Capital Group Inc (AC) | $920.42 Million | 5.40% | 0.04x | $42.54 Million |
| Aberdeen International Inc (AABVF) | $136.31 Million | 25.56% | 0.23x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $1.39 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.43 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Adrian Resources Ltd (ADLRF) | $605.01 Million | 3.35% | 0.58x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $85.10 Million | -65.65% | 0.01x | $77.20K |
| AGF Management Limited (AGFMF) | $1.12 Billion | 10.14% | 3.56x | $298.43 Million |
| Agronomics Limited (AGNMF) | $100.03 Million | 1.02% | 0.02x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $6.11 Million | -266.31% | 0.76x | $2.71 Million |