Central Securities Corporation
Central Securities Corp. is a publicly owned investment manager. The firm invests in the public equity markets of the United States. It also invests on bonds, convertible bonds, preferred stocks, convertible preferred stocks, warrants, options real estate, or short-term obligations of governments, banks and corporations. Central Securities Corp. was founded on October 1, 1929 and is based in New … Read more
Central Securities Corporation (CET) - Net Assets
Latest net assets as of June 2025: $1.67 Billion USD
Based on the latest financial reports, Central Securities Corporation (CET) has net assets worth $1.67 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.67 Billion) and total liabilities ($4.38 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 | $1.67 Billion |
| % of Total Assets | 99.74% |
| Annual Growth Rate | 5.44% |
| 5-Year Change | 51.47% |
| 10-Year Change | 169.35% |
| Growth Volatility | 17.37 |
Central Securities Corporation - Net Assets Trend (1996–2024)
This chart illustrates how Central Securities 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 Central Securities Corporation (1996–2024)
The table below shows the annual net assets of Central Securities Corporation from 1996 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.57 Billion | +18.95% |
| 2023-12-31 | $1.32 Billion | +16.51% |
| 2022-12-31 | $1.13 Billion | -15.00% |
| 2021-12-31 | $1.33 Billion | +28.58% |
| 2020-12-31 | $1.04 Billion | +4.20% |
| 2019-12-31 | $994.75 Million | +29.97% |
| 2018-12-31 | $765.34 Million | -7.38% |
| 2017-12-31 | $826.33 Million | +22.48% |
| 2016-12-31 | $674.68 Million | +15.75% |
| 2015-12-31 | $582.87 Million | -10.29% |
| 2014-12-31 | $649.76 Million | +0.23% |
| 2013-12-31 | $648.26 Million | +13.84% |
| 2012-12-31 | $569.47 Million | -0.82% |
| 2011-12-31 | $574.19 Million | -3.26% |
| 2010-12-31 | $593.52 Million | +17.76% |
| 2009-12-31 | $504.00 Million | +26.82% |
| 2008-12-31 | $397.40 Million | -38.37% |
| 2007-12-31 | $644.80 Million | +4.47% |
| 2006-12-31 | $617.20 Million | +7.53% |
| 2005-12-31 | $574.00 Million | +8.40% |
| 2004-12-31 | $529.50 Million | +10.54% |
| 2003-12-31 | $479.00 Million | +32.36% |
| 2002-12-31 | $361.90 Million | -32.97% |
| 2001-12-31 | $539.90 Million | -9.46% |
| 2000-12-31 | $596.30 Million | +0.97% |
| 1999-12-31 | $590.60 Million | +23.95% |
| 1998-12-31 | $476.50 Million | +9.69% |
| 1997-12-31 | $434.40 Million | +21.78% |
| 1996-12-31 | $356.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Central Securities 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 62855.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.07 Billion | 68.17% |
| Common Stock | $28.94 Million | 1.84% |
| Other Components | $470.76 Million | 29.99% |
| Total Equity | $1.57 Billion | 100.00% |
Central Securities Corporation Competitors by Market Cap
The table below lists competitors of Central Securities Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
L&C Bio Co. Ltd
KQ:290650
|
$840.69 Million |
|
CCL Products (India) Limited
NSE:CCL
|
$840.93 Million |
|
Qianhe Condiment&Food Co Ltd
SHG:603027
|
$841.14 Million |
|
DANAOS CORP. DL -01
F:DVW1
|
$841.21 Million |
|
Hapag-Lloyd Aktiengesellschaft
PINK:HLAGF
|
$840.15 Million |
|
Pfizer Limited
NSE:PFIZER
|
$840.11 Million |
|
Asahi India Glass Limited
NSE:ASAHIINDIA
|
$840.09 Million |
|
SEIREN CO. LTD
F:1AB
|
$839.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Central Securities Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,319,864,836 to 1,569,940,654, a change of 250,075,818 (18.9%).
- Net income of 287,974,938 contributed positively to equity growth.
- Dividend payments of 37,899,121 reduced retained earnings.
- Other comprehensive income decreased equity by 845,426,656.
- Other factors increased equity by 845,426,657.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $287.97 Million | +18.34% |
| Dividends Paid | $37.90 Million | -2.41% |
| Other Comprehensive Income | $-845.43 Million | -53.85% |
| Other Changes | $845.43 Million | +53.85% |
| Total Change | $- | 18.95% |
Book Value vs Market Value Analysis
This analysis compares Central Securities 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: 0.91x
- 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 2.03x to 0.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | $24.70 | $50.05 | x |
| 1997-12-31 | $30.61 | $50.05 | x |
| 1998-12-31 | $32.04 | $50.05 | x |
| 1999-12-31 | $35.06 | $50.05 | x |
| 2000-12-31 | $32.94 | $50.05 | x |
| 2001-12-31 | $28.55 | $50.05 | x |
| 2002-12-31 | $18.71 | $50.05 | x |
| 2003-12-31 | $24.33 | $50.05 | x |
| 2004-12-31 | $26.45 | $50.05 | x |
| 2005-12-31 | $27.65 | $50.05 | x |
| 2006-12-31 | $29.64 | $50.05 | x |
| 2007-12-31 | $30.15 | $50.05 | x |
| 2008-12-31 | $17.80 | $50.05 | x |
| 2009-12-31 | $22.31 | $50.05 | x |
| 2010-12-31 | $26.06 | $50.05 | x |
| 2011-12-31 | $24.96 | $50.05 | x |
| 2012-12-31 | $22.45 | $50.05 | x |
| 2013-12-31 | $26.94 | $50.05 | x |
| 2014-12-31 | $24.80 | $50.05 | x |
| 2015-12-31 | $23.53 | $50.05 | x |
| 2016-12-31 | $27.12 | $50.05 | x |
| 2017-12-31 | $32.86 | $50.05 | x |
| 2018-12-31 | $30.02 | $50.05 | x |
| 2019-12-31 | $38.42 | $50.05 | x |
| 2020-12-31 | $39.49 | $50.05 | x |
| 2021-12-31 | $48.87 | $50.05 | x |
| 2022-12-31 | $41.48 | $50.05 | x |
| 2023-12-31 | $46.49 | $50.05 | x |
| 2024-12-31 | $55.30 | $50.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Central Securities 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): 18.34%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 97.22%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 1.00x
- Recent ROE (18.34%) is above the historical average (8.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 21.06% | 1245.61% | 0.02x | 1.00x | $39.44 Million |
| 1997 | 21.44% | 1516.94% | 0.01x | 1.00x | $49.70 Million |
| 1998 | 11.69% | 795.43% | 0.01x | 1.00x | $8.03 Million |
| 1999 | 23.74% | 2071.79% | 0.01x | 1.00x | $81.19 Million |
| 2000 | 6.76% | 513.50% | 0.01x | 1.00x | $-19.32 Million |
| 2001 | -7.67% | -708.56% | 0.01x | 1.00x | $-95.36 Million |
| 2002 | -44.19% | -3297.53% | 0.01x | 1.00x | $-196.12 Million |
| 2003 | 28.47% | 3367.65% | 0.01x | 1.00x | $88.49 Million |
| 2004 | 13.13% | 1432.99% | 0.01x | 1.00x | $16.55 Million |
| 2005 | 11.85% | 784.54% | 0.02x | 1.00x | $10.62 Million |
| 2006 | 15.11% | 896.06% | 0.02x | 1.00x | $31.56 Million |
| 2007 | 8.46% | 468.81% | 0.02x | 1.00x | $-9.91 Million |
| 2008 | -52.83% | -1742.41% | 0.03x | 1.01x | $-249.70 Million |
| 2009 | 23.13% | 1135.96% | 0.02x | 1.00x | $66.15 Million |
| 2010 | 17.74% | 96.19% | 0.18x | 1.01x | $45.95 Million |
| 2011 | -0.22% | -40.80% | 0.01x | 1.00x | $-58.66 Million |
| 2012 | 2.27% | 74.16% | 0.03x | 1.01x | $-44.01 Million |
| 2013 | 22.08% | 96.83% | 0.23x | 1.00x | $78.34 Million |
| 2014 | 4.64% | 87.32% | 0.05x | 1.00x | $-34.85 Million |
| 2015 | -2.92% | 0.00% | -0.02x | 1.00x | $-75.33 Million |
| 2016 | 16.69% | 95.42% | 0.17x | 1.00x | $45.17 Million |
| 2017 | 20.48% | 96.77% | 0.21x | 1.00x | $86.57 Million |
| 2018 | -4.48% | 0.00% | -0.04x | 1.00x | $-110.81 Million |
| 2019 | 25.24% | 97.68% | 0.26x | 1.00x | $151.55 Million |
| 2020 | 7.11% | 92.27% | 0.08x | 1.00x | $-29.92 Million |
| 2021 | 26.53% | 98.13% | 0.27x | 1.00x | $220.32 Million |
| 2022 | -14.01% | 0.00% | -0.13x | 1.00x | $-271.95 Million |
| 2023 | 16.94% | 389.83% | 0.04x | 1.00x | $91.65 Million |
| 2024 | 18.34% | 97.22% | 0.19x | 1.00x | $130.98 Million |
Industry Comparison
This section compares Central Securities Corporation's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $351,111,792
- Average return on equity (ROE) among peers: 0.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Central Securities Corporation (CET) | $1.67 Billion | 21.06% | 0.00x | $840.32 Million |
| Aberdeen International Inc (AABVF) | $214.75K | -122.83% | 0.39x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-21.60 Million | 0.00% | 0.00x | $1.37 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.38 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $913.08 Million | 4.10% | 0.03x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $788.86 Million | 18.29% | 0.62x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $190.80 Million | 139.32% | 0.02x | $73.68K |
| AGF Management Limited (AGFMF) | $908.07 Million | 4.67% | 0.50x | $298.43 Million |
| Agronomics Limited (AGNMF) | $157.27 Million | -6.99% | 0.00x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $8.00 Million | -83.04% | 0.47x | $2.71 Million |