Cascades Inc
Cascades Inc., together with its subsidiaries, produces, converts, and markets packaging and tissue products in Canada and the United States. The company operates through three segments: Containerboard, Specialty Products, and Tissue Papers. It offers various packaging solutions and tissue products comprised of recycled fibers; tissue papers, comprising parent rolls, and virgin and recycled fibre… Read more
Cascades Inc (CADNF) - Net Assets
Latest net assets as of September 2025: $1.74 Billion USD
Based on the latest financial reports, Cascades Inc (CADNF) has net assets worth $1.74 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.87 Billion) and total liabilities ($3.13 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 | $1.74 Billion |
| % of Total Assets | 35.76% |
| Annual Growth Rate | 3.4% |
| 5-Year Change | -9.5% |
| 10-Year Change | 83.9% |
| Growth Volatility | 13.14 |
Cascades Inc - Net Assets Trend (1996–2024)
This chart illustrates how Cascades Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Cascades Inc (1996–2024)
The table below shows the annual net assets of Cascades Inc from 1996 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.77 Billion | -0.56% |
| 2023-12-31 | $1.78 Billion | -7.62% |
| 2022-12-31 | $1.93 Billion | +0.05% |
| 2021-12-31 | $1.93 Billion | -1.53% |
| 2020-12-31 | $1.96 Billion | +17.47% |
| 2019-12-31 | $1.67 Billion | -1.30% |
| 2018-12-31 | $1.69 Billion | +5.43% |
| 2017-12-31 | $1.60 Billion | +49.07% |
| 2016-12-31 | $1.07 Billion | +11.53% |
| 2015-12-31 | $963.00 Million | -3.99% |
| 2014-12-31 | $1.00 Billion | -16.00% |
| 2013-12-31 | $1.19 Billion | +9.14% |
| 2012-12-31 | $1.09 Billion | -6.09% |
| 2011-12-31 | $1.17 Billion | -9.06% |
| 2010-12-31 | $1.28 Billion | -1.76% |
| 2009-12-31 | $1.30 Billion | +2.03% |
| 2008-12-31 | $1.28 Billion | +4.41% |
| 2007-12-31 | $1.22 Billion | +4.08% |
| 2006-12-31 | $1.18 Billion | +31.10% |
| 2005-12-31 | $897.00 Million | -15.30% |
| 2004-12-31 | $1.06 Billion | +0.28% |
| 2003-12-31 | $1.06 Billion | -0.85% |
| 2002-12-31 | $1.06 Billion | +19.53% |
| 2001-12-31 | $891.00 Million | +10.41% |
| 2000-12-31 | $807.00 Million | -3.24% |
| 1999-12-31 | $834.00 Million | +2.46% |
| 1998-12-31 | $814.00 Million | +5.62% |
| 1997-12-31 | $770.70 Million | +11.05% |
| 1996-12-31 | $694.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cascades 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 grown by 185.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.02 Billion | 59.11% |
| Common Stock | $616.00 Million | 35.73% |
| Other Comprehensive Income | $73.00 Million | 4.23% |
| Other Components | $16.00 Million | 0.93% |
| Total Equity | $1.72 Billion | 100.00% |
Cascades Inc Competitors by Market Cap
The table below lists competitors of Cascades Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hubei Heyuan Gas Co Ltd
SHE:002971
|
$572.01 Million |
|
Zephyrus Wing Energies Ltd
TA:ZPRS
|
$572.20 Million |
|
Star Micronics Co., Ltd.
F:2ZN
|
$572.39 Million |
|
Beijing Jiaxun Feihong Electrical Co Ltd
SHE:300213
|
$572.42 Million |
|
Oppenheimer Holdings Inc
NYSE:OPY
|
$571.90 Million |
|
INTRAKT S.A. E0 030
F:Z8M
|
$571.86 Million |
|
WEB Travel Group Ltd
AU:WEB
|
$571.82 Million |
|
Grandjoy Holdings Group Co Ltd
SHE:000031
|
$571.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cascades Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,739,000,000 to 1,724,000,000, a change of -15,000,000 (-0.9%).
- Net loss of 31,000,000 reduced equity.
- Dividend payments of 48,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 58,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-31.00 Million | -1.8% |
| Dividends Paid | $48.00 Million | -2.78% |
| Other Comprehensive Income | $58.00 Million | +3.36% |
| Other Changes | $6.00 Million | +0.35% |
| Total Change | $- | -0.86% |
Book Value vs Market Value Analysis
This analysis compares Cascades 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: 0.40x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.95x to 0.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | $7.24 | $6.87 | x |
| 1997-12-31 | $8.33 | $6.87 | x |
| 1998-12-31 | $9.20 | $6.87 | x |
| 1999-12-31 | $9.70 | $6.87 | x |
| 2000-12-31 | $9.59 | $6.87 | x |
| 2001-12-31 | $11.00 | $6.87 | x |
| 2002-12-31 | $12.92 | $6.87 | x |
| 2003-12-31 | $12.92 | $6.87 | x |
| 2004-12-31 | $12.96 | $6.87 | x |
| 2005-12-31 | $11.04 | $6.87 | x |
| 2006-12-31 | $14.29 | $6.87 | x |
| 2007-12-31 | $12.07 | $6.87 | x |
| 2008-12-31 | $12.71 | $6.87 | x |
| 2009-12-31 | $13.04 | $6.87 | x |
| 2010-12-31 | $12.98 | $6.87 | x |
| 2011-12-31 | $10.60 | $6.87 | x |
| 2012-12-31 | $10.39 | $6.87 | x |
| 2013-12-31 | $11.42 | $6.87 | x |
| 2014-12-31 | $9.36 | $6.87 | x |
| 2015-12-31 | $9.19 | $6.87 | x |
| 2016-12-31 | $10.16 | $6.87 | x |
| 2017-12-31 | $14.91 | $6.87 | x |
| 2018-12-31 | $15.56 | $6.87 | x |
| 2019-12-31 | $15.59 | $6.87 | x |
| 2020-12-31 | $18.27 | $6.87 | x |
| 2021-12-31 | $18.44 | $6.87 | x |
| 2022-12-31 | $18.59 | $6.87 | x |
| 2023-12-31 | $17.30 | $6.87 | x |
| 2024-12-31 | $17.09 | $6.87 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cascades 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): -1.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.66%
- • Asset Turnover: 0.94x
- • Equity Multiplier: 2.90x
- Recent ROE (-1.80%) is below the historical average (4.59%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 15.47% | 3.80% | 1.12x | 3.63x | $28.25 Million |
| 1997 | 9.84% | 2.51% | 0.95x | 4.13x | $-880.00K |
| 1998 | 7.28% | 1.78% | 1.02x | 4.02x | $-16.80 Million |
| 1999 | 8.94% | 2.09% | 1.14x | 3.75x | $-6.90 Million |
| 2000 | 9.66% | 2.47% | 1.15x | 3.40x | $-2.60 Million |
| 2001 | 13.47% | 3.73% | 1.17x | 3.09x | $30.90 Million |
| 2002 | 15.87% | 4.71% | 1.21x | 2.78x | $62.50 Million |
| 2003 | 5.21% | 1.59% | 1.18x | 2.77x | $-50.60 Million |
| 2004 | 2.17% | 0.71% | 1.03x | 2.97x | $-82.90 Million |
| 2005 | -10.81% | -2.80% | 1.14x | 3.40x | $-186.70 Million |
| 2006 | 0.26% | 0.09% | 0.87x | 3.38x | $-112.70 Million |
| 2007 | 7.92% | 2.42% | 1.04x | 3.14x | $-24.90 Million |
| 2008 | -4.38% | -1.37% | 1.00x | 3.21x | $-180.60 Million |
| 2009 | 4.60% | 1.55% | 1.02x | 2.91x | $-70.40 Million |
| 2010 | 1.35% | 0.43% | 1.06x | 2.96x | $-108.70 Million |
| 2011 | 9.62% | 2.73% | 0.97x | 3.63x | $-3.90 Million |
| 2012 | -1.12% | -0.30% | 0.99x | 3.78x | $-108.80 Million |
| 2013 | 1.02% | 0.29% | 1.00x | 3.54x | $-97.10 Million |
| 2014 | -16.46% | -4.13% | 0.97x | 4.11x | $-236.30 Million |
| 2015 | -7.50% | -1.68% | 1.00x | 4.44x | $-151.70 Million |
| 2016 | 13.72% | 3.37% | 1.05x | 3.88x | $36.60 Million |
| 2017 | 34.85% | 11.73% | 0.99x | 3.01x | $361.50 Million |
| 2018 | 3.78% | 1.23% | 0.94x | 3.28x | $-93.80 Million |
| 2019 | 6.51% | 1.94% | 0.96x | 3.48x | $-51.90 Million |
| 2020 | 11.29% | 3.84% | 0.95x | 3.09x | $22.70 Million |
| 2021 | -2.50% | -1.19% | 0.87x | 2.43x | $-234.90 Million |
| 2022 | -0.75% | -0.31% | 0.88x | 2.70x | $-201.10 Million |
| 2023 | -4.37% | -1.64% | 0.97x | 2.74x | $-249.90 Million |
| 2024 | -1.80% | -0.66% | 0.94x | 2.90x | $-203.40 Million |
Industry Comparison
This section compares Cascades Inc's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $2,566,431,972
- Average return on equity (ROE) among peers: -25.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cascades Inc (CADNF) | $1.74 Billion | 15.47% | 1.80x | $571.95 Million |
| Alliance Creative Group, Inc (ACGX) | $2.12 Million | 12.57% | 1.98x | $208.71K |
| Advanced Container Technologies Inc (ACTX) | $970.86K | -145.07% | 1.77x | $670.31 |
| Ardagh Metal Packaging SA (AMBP) | $286.00 Million | -73.43% | 17.62x | $602.86 Million |
| Amcor PLC (AMCR) | $11.74 Billion | 4.35% | 2.16x | $18.67 Billion |
| Avery Dennison Corp (AVY) | $1.36 Billion | -54.80% | 2.67x | $13.17 Billion |
| Ball Corporation (BALL) | $3.30 Billion | 7.98% | 3.91x | $16.50 Billion |
| Berry Global Group Inc (BERY) | $-128.00 Million | 0.00% | 0.00x | $7.83 Billion |
| CCL Industries Inc (CCDBF) | $3.28 Billion | 16.14% | 1.24x | $7.23 Billion |
| Crown Holdings Inc (CCK) | $3.25 Billion | 3.23% | 2.83x | $11.76 Billion |