TDb Split Corp
TDb Split Corp. is a closed-ended equity mutual fund launched and managed by Quadravest Capital Management Inc. It invests in the public equity markets of Canada. The fund seeks to invest in the stocks of a company operating in the banking sector. It primarily invests in the common shares of Toronto-Dominion Bank. The fund benchmarks the performance of its portfolio against the S&P TSX Financial … Read more
TDb Split Corp (TDBSF) - Net Assets
Latest net assets as of November 2024: $8.93 Million USD
Based on the latest financial reports, TDb Split Corp (TDBSF) has net assets worth $8.93 Million USD as of November 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($88.26 Million) and total liabilities ($79.32 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 | $8.93 Million |
| % of Total Assets | 10.12% |
| Annual Growth Rate | -3.74% |
| 5-Year Change | -14.28% |
| 10-Year Change | -44.68% |
| Growth Volatility | 73.13 |
TDb Split Corp - Net Assets Trend (2007–2024)
This chart illustrates how TDb Split 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 TDb Split Corp (2007–2024)
The table below shows the annual net assets of TDb Split Corp from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-11-30 | $8.93 Million | -39.82% |
| 2023-11-30 | $14.84 Million | -38.44% |
| 2022-11-30 | $24.11 Million | -10.39% |
| 2021-11-30 | $26.91 Million | +158.22% |
| 2020-11-30 | $10.42 Million | -48.15% |
| 2018-11-30 | $20.10 Million | -9.56% |
| 2017-11-30 | $22.22 Million | +24.32% |
| 2016-11-30 | $17.87 Million | +81.47% |
| 2015-11-30 | $9.85 Million | -39.00% |
| 2014-11-30 | $16.15 Million | +163.30% |
| 2013-11-30 | $6.13 Million | +39.42% |
| 2012-11-30 | $4.40 Million | +41.18% |
| 2011-11-30 | $3.12 Million | -38.40% |
| 2010-11-30 | $5.06 Million | +23.62% |
| 2009-11-30 | $4.09 Million | +115.56% |
| 2008-11-30 | $1.90 Million | -88.89% |
| 2007-11-30 | $17.09 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TDb Split 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 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $8.93 Million | 100.00% |
| Total Equity | $8.93 Million | 100.00% |
TDb Split Corp Competitors by Market Cap
The table below lists competitors of TDb Split Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gabelli MultiMedia Mutual Fund
NYSE:GGT
|
$39.64K |
|
Yu Group PLC
LSE:YU
|
$39.64K |
|
UBISOFT ENTERTAIN. - Dusseldorf Stock Exchang
DU:UEN
|
$39.65K |
|
Chin Yang Industry Co. Ltd.
KQ:003780
|
$39.69K |
|
Macofil SA
RO:MACO
|
$39.61K |
|
Shamaym Improve Ltd
TA:SHMM
|
$39.55K |
|
SAINSBURY - Dusseldorf Stock Exchang
DU:SUY1
|
$39.51K |
|
SK Reit Co Ltd
KO:395400
|
$39.50K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TDb Split Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 14,842,742 to 8,932,105, a change of -5,910,637 (-39.8%).
- Net loss of 3,177,830 reduced equity.
- Share repurchases of 3,873,984 reduced equity.
- New share issuances of 8,147,623 increased equity.
- Other factors decreased equity by 7,006,446.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.18 Million | -35.58% |
| Share Repurchases | $3.87 Million | -43.37% |
| Share Issuances | $8.15 Million | +91.22% |
| Other Changes | $-7.01 Million | -78.44% |
| Total Change | $- | -39.82% |
Book Value vs Market Value Analysis
This analysis compares TDb Split 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: 1.80x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-11-30 | $0.00 | $4.15 | x |
| 2008-11-30 | $0.00 | $4.15 | x |
| 2009-11-30 | $0.00 | $4.15 | x |
| 2010-11-30 | $0.00 | $4.15 | x |
| 2011-11-30 | $0.00 | $4.15 | x |
| 2012-11-30 | $0.00 | $4.15 | x |
| 2013-11-30 | $0.00 | $4.15 | x |
| 2014-11-30 | $0.00 | $4.15 | x |
| 2015-11-30 | $0.00 | $4.15 | x |
| 2016-11-30 | $0.00 | $4.15 | x |
| 2017-11-30 | $0.00 | $4.15 | x |
| 2020-11-30 | $2.10 | $4.15 | x |
| 2021-11-30 | $4.53 | $4.15 | x |
| 2022-11-30 | $7.38 | $4.15 | x |
| 2023-11-30 | $4.12 | $4.15 | x |
| 2024-11-30 | $2.30 | $4.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TDb Split 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): -35.58%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: -0.03x
- • Equity Multiplier: 9.88x
- Recent ROE (-35.58%) is below the historical average (7.19%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 0.00% | 0.00% | 0.05x | 8.50x | $-189.79K |
| 2009 | 52.00% | 358.79% | 0.03x | 4.95x | $1.72 Million |
| 2010 | 32.13% | 246.38% | 0.03x | 4.39x | $1.12 Million |
| 2011 | 0.00% | 0.00% | 0.03x | 6.28x | $-311.56K |
| 2012 | 40.72% | 288.19% | 0.03x | 5.03x | $1.35 Million |
| 2013 | 43.21% | 377.64% | 0.03x | 3.76x | $2.04 Million |
| 2014 | 17.05% | 307.90% | 0.02x | 2.88x | $1.14 Million |
| 2015 | 0.00% | 0.00% | 0.04x | 3.61x | $-984.96K |
| 2016 | 37.75% | 74.14% | 0.17x | 2.96x | $4.96 Million |
| 2017 | 28.72% | 72.26% | 0.16x | 2.55x | $4.16 Million |
| 2018 | -0.28% | -2.27% | 0.04x | 2.71x | $-2.07 Million |
| 2020 | -136.73% | 0.00% | -0.23x | 5.81x | $-15.29 Million |
| 2021 | 67.25% | 97.84% | 0.21x | 3.24x | $15.40 Million |
| 2022 | 6.43% | 80.70% | 0.02x | 3.72x | $-860.85K |
| 2023 | -37.58% | 0.00% | -0.06x | 5.98x | $-7.06 Million |
| 2024 | -35.58% | 0.00% | -0.03x | 9.88x | $-4.07 Million |
Industry Comparison
This section compares TDb Split Corp's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $310,488,743
- Average return on equity (ROE) among peers: -23.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TDb Split Corp (TDBSF) | $8.93 Million | 0.00% | 8.88x | $39.64K |
| 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 |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $42.54 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 |