Pineapple Financial Inc. (PAPL) - Net Assets
Based on the latest financial reports, Pineapple Financial Inc. (PAPL) has net assets worth $842.57K USD as of May 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.70 Million) and total liabilities ($3.86 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 Pineapple Financial Inc. tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $842.57K |
| % of Total Assets | 17.92% |
| Annual Growth Rate | 71.28% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1884.82 |
Pineapple Financial Inc. - Net Assets Trend (2020–2024)
This chart illustrates how Pineapple Financial Inc.'s net assets have evolved over time, based on quarterly financial data. See PAPL cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Pineapple Financial Inc. (2020–2024)
The table below shows the annual net assets of Pineapple Financial Inc. from 2020 to 2024. For live valuation and market cap data, see Pineapple Financial Inc. (PAPL) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-08-31 | $1.35 Million | -24.45% |
| 2023-08-31 | $1.79 Million | -61.40% |
| 2022-08-31 | $4.63 Million | -33.13% |
| 2021-08-31 | $6.92 Million | +4313.04% |
| 2020-08-31 | $156.77K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pineapple Financial 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 decreased by 6506.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (August 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $8.56 Million | 634.38% |
| Other Comprehensive Income | $-408.51K | -30.28% |
| Other Components | $2.96 Million | 219.07% |
| Total Equity | $1.35 Million | 100.00% |
Pineapple Financial Inc. Competitors by Market Cap
The table below lists competitors of Pineapple Financial Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aminex PLC
LSE:AEX
|
$1.40 Million |
|
GO2 People Ltd
AU:GO2
|
$1.40 Million |
|
CONSOLE LABS SA ZY-10
F:9ZK
|
$1.40 Million |
|
Beyon 3D Ltd
TA:BYON
|
$1.40 Million |
|
Peel Hunt Ltd
LSE:PEEL
|
$1.40 Million |
|
True North Gems Inc
V:TGX
|
$1.40 Million |
|
Smart Agro LP
TA:SMAG
|
$1.40 Million |
|
Wang & Lee Group, Inc. Ordinary Shares
NASDAQ:WLGS
|
$1.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pineapple Financial Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,785,933 to 1,349,316, a change of -436,617 (-24.4%).
- Net loss of 4,102,659 reduced equity.
- New share issuances of 3,239,428 increased equity.
- Other comprehensive income increased equity by 9,217.
- Other factors increased equity by 417,397.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-4.10 Million | -304.05% |
| Share Issuances | $3.24 Million | +240.08% |
| Other Comprehensive Income | $9.22K | +0.68% |
| Other Changes | $417.40K | +30.93% |
| Total Change | $- | -24.45% |
Book Value vs Market Value Analysis
This analysis compares Pineapple Financial 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: 5.51x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 50.13x to 5.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-08-31 | $0.02 | $1.04 | x |
| 2021-08-31 | $0.96 | $1.04 | x |
| 2022-08-31 | $0.64 | $1.04 | x |
| 2023-08-31 | $0.25 | $1.04 | x |
| 2024-08-31 | $0.19 | $1.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pineapple Financial 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): -304.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -152.57%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 3.04x
- Recent ROE (-304.05%) is below the historical average (-87.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 90.45% | 5.28% | 8.66x | 1.98x | $126.13K |
| 2021 | -3.39% | -7.87% | 0.39x | 1.10x | $-926.53K |
| 2022 | -60.74% | -78.04% | 0.56x | 1.39x | $-3.27 Million |
| 2023 | -157.29% | -112.26% | 0.54x | 2.59x | $-2.99 Million |
| 2024 | -304.05% | -152.57% | 0.66x | 3.04x | $-4.24 Million |
Industry Comparison
This section compares Pineapple Financial Inc.'s net assets metrics with peer companies in the Mortgage Finance industry.
Industry Context
- Industry: Mortgage Finance
- Average net assets among peers: $780,223,604
- Average return on equity (ROE) among peers: -47.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pineapple Financial Inc. (PAPL) | $842.57K | 90.45% | 4.58x | $1.40 Million |
| Better Home & Finance Holding Company (BETR) | $122.60 Million | -437.54% | 6.39x | $382.77 Million |
| Better Home & Finance Holding Company (BETR) | $51.73 Million | 52.76% | 15.20x | $430.66 Million |
| Beeline Holdings, Inc. (BLNE) | $18.75 Million | -48.25% | 0.41x | $35.54 Million |
| CNFinance Holdings Ltd (CNF) | $6.11 Billion | 1.07% | 1.36x | $21.19 Million |
| Mr. Cooper Group Inc (COOP) | $64.39 Million | -24.52% | 4.28x | $13.49 Billion |
| Greystone Housing Impact Investors LP (GHI) | $134.10 Million | 4.33% | 0.10x | $122.53 Million |
| Guild Holdings Co (GHLD) | $440.94 Million | 16.63% | 3.62x | $1.25 Billion |
| Income Opportunity Realty Investors (IOR) | $108.05 Million | 3.33% | 0.00x | $72.78 Million |
| Loandepot Inc (LDI) | $348.89 Million | -29.48% | 8.85x | $155.46 Million |
| Onity Group Inc. (ONIT) | $401.80 Million | -15.85% | 30.14x | $309.71 Million |
About Pineapple Financial Inc.
Pineapple Financial Inc., together with its subsidiaries, provides mortgage brokerage services and technology solutions to mortgage agents, brokers, sub-brokers, and brokerages and consumers in Canada. The company offers mortgage consultation services; advise clients on the various mortgage products offered by financial institutions, as well as offers clients access to rate information and mortga… Read more