CoinShares International Limited
CoinShares International Limited engages in the creating financial products with digital assets and blockchain technology business in Jersey. It operates through three segments: Asset Management, Capital Markets, and Principal Investments. The company offers CoinShares Physical, CoinShares Valkyrie, CoinShares XBT, and The Blockchain Global Equity Index products. It also provides hedge fund solut… Read more
CoinShares International Limited (CNSRF) - Net Assets
Latest net assets as of June 2025: $410.09 Million USD
Based on the latest financial reports, CoinShares International Limited (CNSRF) has net assets worth $410.09 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 ($6.18 Billion) and total liabilities ($5.77 Billion). 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 | $410.09 Million |
| % of Total Assets | 6.63% |
| Annual Growth Rate | 41.8% |
| 5-Year Change | 456.34% |
| 10-Year Change | N/A |
| Growth Volatility | 88.22 |
CoinShares International Limited - Net Assets Trend (2018–2024)
This chart illustrates how CoinShares International Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for CoinShares International Limited (2018–2024)
The table below shows the annual net assets of CoinShares International Limited from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $314.32 Million | +31.38% |
| 2023-12-31 | $239.25 Million | +17.43% |
| 2022-12-31 | $203.74 Million | +1.86% |
| 2021-12-31 | $200.01 Million | +254.03% |
| 2020-12-31 | $56.50 Million | +24.60% |
| 2019-12-31 | $45.34 Million | +17.34% |
| 2018-12-31 | $38.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to CoinShares International Limited'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 33266912500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $264.67 Million | 84.20% |
| Other Components | $49.65 Million | 15.80% |
| Total Equity | $314.32 Million | 100.00% |
CoinShares International Limited Competitors by Market Cap
The table below lists competitors of CoinShares International Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
475400
KQ:475400
|
$167.25 Million |
|
Synergie
LSE:0HDQ
|
$167.26 Million |
|
RIOXF
PINK:RIOXF
|
$167.29 Million |
|
Inspired Entertainment Inc
NASDAQ:INSE
|
$167.31 Million |
|
Shanghai Golden Union Commercial Management Co Ltd
SHG:603682
|
$167.12 Million |
|
Virgin Galactic Holdings Inc
NYSE:SPCE
|
$167.11 Million |
|
Promotora de Informaciones SA
MC:PRS
|
$167.04 Million |
|
BTS GROUP AB B SK 1
F:BX1B
|
$166.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CoinShares International Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 239,245,005 to 314,315,041, a change of 75,070,036 (31.4%).
- Net income of 130,948,391 contributed positively to equity growth.
- Dividend payments of 41,173,937 reduced retained earnings.
- Share repurchases of 337,529 reduced equity.
- New share issuances of 553,840 increased equity.
- Other factors decreased equity by 14,920,729.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $130.95 Million | +41.66% |
| Dividends Paid | $41.17 Million | -13.1% |
| Share Repurchases | $337.53K | -0.11% |
| Share Issuances | $553.84K | +0.18% |
| Other Changes | $-14.92 Million | -4.75% |
| Total Change | $- | 31.38% |
Book Value vs Market Value Analysis
This analysis compares CoinShares International Limited'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: 1.37x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 10.59x to 1.37x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $0.61 | $6.47 | x |
| 2019-12-31 | $0.72 | $6.47 | x |
| 2020-12-31 | $0.89 | $6.47 | x |
| 2021-12-31 | $2.93 | $6.47 | x |
| 2022-12-31 | $2.99 | $6.47 | x |
| 2023-12-31 | $3.59 | $6.47 | x |
| 2024-12-31 | $4.71 | $6.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CoinShares International Limited 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): 41.66%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 119.50%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 15.26x
- Recent ROE (41.66%) is above the historical average (-303.95%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 1355.10% | 4963.91% | 0.04x | 6.89x | $519.80 Million |
| 2019 | -137.01% | -548.28% | 0.02x | 10.25x | $-66.66 Million |
| 2020 | -2461.39% | -7562.01% | 0.01x | 34.73x | $-1.40 Billion |
| 2021 | -1206.08% | -2987.22% | 0.02x | 20.01x | $-2.43 Billion |
| 2022 | 255.33% | 1013.34% | 0.04x | 6.77x | $499.84 Million |
| 2023 | 24.73% | 107.79% | 0.02x | 11.42x | $35.24 Million |
| 2024 | 41.66% | 119.50% | 0.02x | 15.26x | $99.52 Million |
Industry Comparison
This section compares CoinShares International Limited's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $277,925,984
- Average return on equity (ROE) among peers: -4.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CoinShares International Limited (CNSRF) | $410.09 Million | 1355.10% | 14.07x | $167.17 Million |
| Armada Mercantile Ltd (AAMTF) | $197.80K | -9.79% | 0.44x | $3.53 Million |
| ABG Sundal Collier Holding ASA (ABGSF) | $1.65 Billion | 37.94% | 2.19x | $207.31 Million |
| Athena Bitcoin Global (ABIT) | $-1.06 Million | 0.00% | 0.00x | $16.38 Million |
| ABS-CBN Holdings Corporation (ABSOF) | $0.00 | 0.00% | 0.00x | $5.67 Million |
| American Bitcoin Corp (ABTC) | $1.02 Billion | 42.26% | 0.09x | $204.84 Million |
| Abits Group Inc. (ABTS) | $6.57 Million | -41.72% | 0.18x | $4.62 Million |
| Argentex Group PLC (AGXTF) | $43.40 Million | -3.00% | 2.61x | $4.51 Million |
| Sphere 3D Corp (ANY) | $40.32 Million | -58.05% | 0.24x | $4.44 Million |
| Argo Blockchain PLC (ARBKF) | $27.19 Million | -15.14% | 0.01x | $2.16 Million |
| Arcane Crypto AB (ARCNF) | $-17.00K | 0.00% | 0.00x | $1.38 Million |