ECN Capital Corp.
ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates in two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company offers manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as floorplan and rental loans. It serves banks, credit unions, life insuran… Read more
ECN Capital Corp. (ECNNF) - Net Assets
Latest net assets as of September 2025: $213.19 Million USD
Based on the latest financial reports, ECN Capital Corp. (ECNNF) has net assets worth $213.19 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($975.79 Million) and total liabilities ($762.60 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 | $213.19 Million |
| % of Total Assets | 21.85% |
| Annual Growth Rate | -24.83% |
| 5-Year Change | -74.36% |
| 10-Year Change | N/A |
| Growth Volatility | 29.23 |
ECN Capital Corp. - Net Assets Trend (2019–2024)
This chart illustrates how ECN Capital Corp.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for ECN Capital Corp. (2019–2024)
The table below shows the annual net assets of ECN Capital Corp. from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $210.90 Million | +0.67% |
| 2023-12-31 | $209.49 Million | +8.16% |
| 2022-12-31 | $193.68 Million | -11.41% |
| 2021-12-31 | $218.63 Million | -73.42% |
| 2020-12-31 | $822.56 Million | -6.42% |
| 2019-12-31 | $879.03 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to ECN Capital Corp.'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 2645.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $840.55 Million | 405.12% |
| Total Equity | $207.48 Million | 100.00% |
ECN Capital Corp. Competitors by Market Cap
The table below lists competitors of ECN Capital Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CTS Corporation
NYSE:CTS
|
$1.32 Billion |
|
Hanall Biopharma
KO:009420
|
$1.32 Billion |
|
Poonawalla Fincorp Limited
NSE:POONAWALLA
|
$1.32 Billion |
|
Beijing Lanxum Tech Co
SHE:300010
|
$1.32 Billion |
|
Mobileye Global Inc. Class A Common Stock
NASDAQ:MBLY
|
$1.32 Billion |
|
The Buckle Inc
F:BK2
|
$1.32 Billion |
|
Sichuan Shuangma Cement Co Ltd
SHE:000935
|
$1.32 Billion |
|
Sims Metal Management Ltd PK
PINK:SMSMY
|
$1.32 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ECN Capital Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 209,488,000 to 207,479,000, a change of -2,009,000 (-1.0%).
- Net income of 7,625,000 contributed positively to equity growth.
- Dividend payments of 15,857,000 reduced retained earnings.
- New share issuances of 1,613,000 increased equity.
- Other factors increased equity by 4,610,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $7.62 Million | +3.68% |
| Dividends Paid | $15.86 Million | -7.64% |
| Share Issuances | $1.61 Million | +0.78% |
| Other Changes | $4.61 Million | +2.22% |
| Total Change | $- | -0.96% |
Book Value vs Market Value Analysis
This analysis compares ECN Capital Corp.'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: 12.83x
- 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 increased from 2.59x to 12.83x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $3.66 | $9.47 | x |
| 2020-12-31 | $3.36 | $9.47 | x |
| 2021-12-31 | $0.89 | $9.47 | x |
| 2022-12-31 | $0.79 | $9.47 | x |
| 2023-12-31 | $0.75 | $9.47 | x |
| 2024-12-31 | $0.74 | $9.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ECN Capital Corp. 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): 3.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.45%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 4.52x
- Recent ROE (3.68%) is below the historical average (66.86%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -1.68% | -5.94% | 0.14x | 1.96x | $-102.65 Million |
| 2020 | -1.65% | -5.08% | 0.16x | 2.07x | $-95.80 Million |
| 2021 | 443.58% | 450.30% | 0.19x | 5.24x | $947.93 Million |
| 2022 | 8.20% | 8.08% | 0.14x | 7.31x | $-3.48 Million |
| 2023 | -50.97% | -67.02% | 0.12x | 6.13x | $-127.73 Million |
| 2024 | 3.68% | 3.45% | 0.24x | 4.52x | $-13.12 Million |
Industry Comparison
This section compares ECN Capital Corp.'s net assets metrics with peer companies in the Mortgage Finance industry.
Industry Context
- Industry: Mortgage Finance
- Average net assets among peers: $852,129,289
- Average return on equity (ROE) among peers: -14.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ECN Capital Corp. (ECNNF) | $213.19 Million | -1.68% | 3.58x | $1.32 Billion |
| Atrium Mortgage Investment Corporation (AMIVF) | $482.21 Million | 10.68% | 0.82x | $339.62 Million |
| AVVAA World Health Care Products Inc (AVVH) | $-41.07K | 0.00% | 0.00x | $16.78 |
| Better Home & Finance Holding Company (BETR) | $15.42 Million | 64.09% | 22.39x | $351.94 Million |
| Eastside Distilling, Inc. (BLNE) | $1.58 Million | -256.44% | 0.29x | $50.97 Million |
| Dominion Lending Centres Inc (BRLGF) | $157.84 Million | -4.27% | 1.04x | $184.06 Million |
| CNFinance Holdings Ltd (CNF) | $6.11 Billion | 1.07% | 1.36x | $38.54 Million |
| Mr. Cooper Group Inc (COOP) | $882.60 Million | 10.81% | 9.17x | $13.29 Billion |
| Dominion Resources Black Warrior Trust (DOMR) | $11.00 Million | 38.58% | 0.01x | $0.99 |
| DVL Inc (DVLN) | $7.57 Million | 6.67% | 5.00x | $18.05 Million |