Source Capital Closed Fund (SOR) - Net Assets
Based on the latest financial reports, Source Capital Closed Fund (SOR) has net assets worth $377.97 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 ($379.09 Million) and total liabilities ($1.12 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 SOR asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $377.97 Million |
| % of Total Assets | 99.71% |
| Annual Growth Rate | -0.05% |
| 5-Year Change | -6.54% |
| 10-Year Change | -43.56% |
| Growth Volatility | 17.86 |
Source Capital Closed Fund - Net Assets Trend (1995–2024)
This chart illustrates how Source Capital Closed Fund's net assets have evolved over time, based on quarterly financial data. Also explore Source Capital Closed Fund balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Source Capital Closed Fund (1995–2024)
The table below shows the annual net assets of Source Capital Closed Fund from 1995 to 2024. For live valuation and market cap data, see how much is Source Capital Closed Fund worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $356.96 Million | -0.96% |
| 2023-12-31 | $360.41 Million | +7.64% |
| 2022-12-31 | $334.83 Million | -12.53% |
| 2021-12-31 | $382.80 Million | +0.22% |
| 2020-12-31 | $381.95 Million | +1.27% |
| 2019-12-31 | $377.17 Million | +17.18% |
| 2018-12-31 | $321.87 Million | -17.10% |
| 2017-12-31 | $388.26 Million | +9.23% |
| 2016-12-31 | $355.45 Million | -43.80% |
| 2015-12-31 | $632.45 Million | -9.16% |
| 2014-12-31 | $696.24 Million | +8.79% |
| 2013-12-31 | $639.97 Million | +25.22% |
| 2012-12-31 | $511.10 Million | -2.50% |
| 2011-12-31 | $524.20 Million | -9.23% |
| 2010-12-31 | $577.50 Million | +17.83% |
| 2009-12-31 | $490.10 Million | +38.56% |
| 2008-12-31 | $353.70 Million | -42.45% |
| 2007-12-31 | $614.60 Million | +0.67% |
| 2006-12-31 | $610.50 Million | -1.53% |
| 2005-12-31 | $620.00 Million | +6.58% |
| 2004-12-31 | $581.70 Million | +11.59% |
| 2003-12-31 | $521.30 Million | +31.91% |
| 2002-12-31 | $395.20 Million | -20.77% |
| 2001-12-31 | $498.80 Million | +13.99% |
| 2000-12-31 | $437.60 Million | -1.53% |
| 1999-12-31 | $444.40 Million | +6.37% |
| 1998-12-31 | $417.80 Million | -1.81% |
| 1997-12-31 | $425.50 Million | +11.36% |
| 1996-12-31 | $382.10 Million | +5.52% |
| 1995-12-31 | $362.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Source Capital Closed Fund'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 1833.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $44.48 Million | 12.46% |
| Common Stock | $312.48 Million | 87.54% |
| Total Equity | $356.96 Million | 100.00% |
Source Capital Closed Fund Competitors by Market Cap
The table below lists competitors of Source Capital Closed Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Patrimoine et Commerce SA
PA:PAT
|
$382.37 Million |
|
Home Invest Belgium - Sifi
BR:HOMI
|
$382.40 Million |
|
Eventbrite Inc Class A
NYSE:EB
|
$382.43 Million |
|
HEBA Fastighets AB (publ)
ST:HEBA-B
|
$382.47 Million |
|
Zhejiang Xinguang Pharmaceutical Co Ltd
SHE:300519
|
$381.87 Million |
|
Guangzhou Jointas Chemical Joint Stock Co Ltd
SHE:002909
|
$381.79 Million |
|
Coca-Cola Europacific Partners PLC
LSE:CCEP
|
$381.77 Million |
|
MCBC Holdings Inc
NASDAQ:MCFT
|
$381.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Source Capital Closed Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 360,413,588 to 356,957,203, a change of -3,456,385 (-1.0%).
- Net income of 39,158,393 contributed positively to equity growth.
- Other comprehensive income decreased equity by 47,345,441.
- Other factors increased equity by 4,730,663.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $39.16 Million | +10.97% |
| Other Comprehensive Income | $-47.35 Million | -13.26% |
| Other Changes | $4.73 Million | +1.33% |
| Total Change | $- | -0.96% |
Book Value vs Market Value Analysis
This analysis compares Source Capital Closed Fund'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: 1.07x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.92x to 1.07x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $50.43 | $46.45 | x |
| 1996-12-31 | $52.85 | $46.45 | x |
| 1997-12-31 | $58.21 | $46.45 | x |
| 1998-12-31 | $55.05 | $46.45 | x |
| 1999-12-31 | $57.71 | $46.45 | x |
| 2000-12-31 | $55.46 | $46.45 | x |
| 2001-12-31 | $62.18 | $46.45 | x |
| 2002-12-31 | $48.55 | $46.45 | x |
| 2003-12-31 | $63.19 | $46.45 | x |
| 2004-12-31 | $70.08 | $46.45 | x |
| 2005-12-31 | $73.20 | $46.45 | x |
| 2006-12-31 | $71.15 | $46.45 | x |
| 2007-12-31 | $70.97 | $46.45 | x |
| 2008-12-31 | $40.84 | $46.45 | x |
| 2009-12-31 | $56.58 | $46.45 | x |
| 2010-12-31 | $66.69 | $46.45 | x |
| 2011-12-31 | $60.53 | $46.45 | x |
| 2012-12-31 | $59.03 | $46.45 | x |
| 2013-12-31 | $73.94 | $46.45 | x |
| 2014-12-31 | $80.44 | $46.45 | x |
| 2015-12-31 | $73.07 | $46.45 | x |
| 2016-12-31 | $41.12 | $46.45 | x |
| 2017-12-31 | $45.19 | $46.45 | x |
| 2018-12-31 | $37.56 | $46.45 | x |
| 2019-12-31 | $44.37 | $46.45 | x |
| 2020-12-31 | $45.35 | $46.45 | x |
| 2021-12-31 | $45.70 | $46.45 | x |
| 2022-12-31 | $40.05 | $46.45 | x |
| 2023-12-31 | $43.68 | $46.45 | x |
| 2024-12-31 | $43.57 | $46.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Source Capital Closed Fund 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): 10.97%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 97.36%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.06x
- Recent ROE (10.97%) is below the historical average (17.55%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 36.24% | 950.25% | 0.04x | 1.00x | $95.02 Million |
| 1996 | 45.48% | 1361.83% | 0.03x | 1.00x | $135.56 Million |
| 1997 | 47.98% | 1770.69% | 0.03x | 1.00x | $161.61 Million |
| 1998 | 18.71% | 763.93% | 0.02x | 1.00x | $36.37 Million |
| 1999 | 51.42% | 2593.98% | 0.02x | 1.00x | $184.09 Million |
| 2000 | 25.18% | 1183.67% | 0.02x | 1.00x | $66.44 Million |
| 2001 | 46.40% | 2818.51% | 0.02x | 1.00x | $181.53 Million |
| 2002 | -30.19% | -1510.51% | 0.02x | 1.00x | $-158.85 Million |
| 2003 | 65.28% | 4693.79% | 0.01x | 1.00x | $288.17 Million |
| 2004 | 36.02% | 2503.35% | 0.01x | 1.00x | $151.36 Million |
| 2005 | 36.52% | 2676.48% | 0.01x | 1.00x | $164.43 Million |
| 2006 | 12.50% | 860.65% | 0.01x | 1.00x | $15.29 Million |
| 2007 | 16.68% | 1032.23% | 0.02x | 1.00x | $41.04 Million |
| 2008 | -118.50% | -4823.13% | 0.02x | 1.00x | $-454.50 Million |
| 2009 | 67.40% | 5587.82% | 0.01x | 1.00x | $281.24 Million |
| 2010 | 42.56% | 2861.47% | 0.01x | 1.00x | $188.05 Million |
| 2011 | -4.23% | -329.12% | 0.01x | 1.00x | $-74.57 Million |
| 2012 | 34.81% | 2418.07% | 0.01x | 1.00x | $126.85 Million |
| 2013 | 24.19% | 2590.22% | 0.01x | 1.00x | $90.79 Million |
| 2014 | 13.30% | 1419.02% | 0.01x | 1.00x | $22.99 Million |
| 2015 | -4.61% | -491.46% | 0.01x | 1.01x | $-92.41 Million |
| 2016 | 7.84% | 391.35% | 0.02x | 1.01x | $-7.67 Million |
| 2017 | 12.55% | 98.20% | 0.13x | 1.00x | $9.88 Million |
| 2018 | -8.63% | 0.00% | -0.08x | 1.01x | $-59.95 Million |
| 2019 | 17.44% | 98.39% | 0.17x | 1.02x | $28.04 Million |
| 2020 | 5.54% | 94.56% | 0.06x | 1.02x | $-17.03 Million |
| 2021 | 10.84% | 97.93% | 0.11x | 1.02x | $3.20 Million |
| 2022 | -8.09% | 0.00% | -0.08x | 1.01x | $-60.57 Million |
| 2023 | 14.88% | 175.05% | 0.08x | 1.01x | $17.60 Million |
| 2024 | 10.97% | 97.36% | 0.11x | 1.06x | $3.46 Million |
Industry Comparison
This section compares Source Capital Closed Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,450,737,970
- Average return on equity (ROE) among peers: 9.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Source Capital Closed Fund (SOR) | $377.97 Million | 36.24% | 0.00x | $382.11 Million |
| Acadian Asset Management Inc (AAMI) | $49.50 Million | 132.93% | 11.35x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $2.07 Billion | 13.23% | 0.00x | $3.60 Billion |
| Associated Capital Group Inc (AC) | $948.70 Million | 4.12% | 0.07x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $93.70 Million | 49.33% | 0.08x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $2.99 Million | -170.94% | 0.46x | $194.14 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $17.85 Million | -32.96% | 4.15x | $368.87 Million |
| Affiliated Managers Group Inc (AMG) | $3.52 Billion | 4.94% | 0.76x | $8.19 Billion |
| Ameriprise Financial Inc (AMP) | $5.99 Billion | 24.73% | 23.64x | $41.87 Billion |
| AMTD IDEA Group (AMTD) | $1.70 Billion | 3.00% | 0.22x | $44.19 Million |
| Artisan Partners Asset Management Inc (APAM) | $117.70 Million | 62.05% | 6.95x | $2.65 Billion |
About Source Capital Closed Fund
Source Capital, Inc. is a close-ended balanced fund launched and managed by First Pacific Advisors, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of small to mid cap companies. It employs fundamental analysis with a bottom-up stock selection app… Read more