CoBank ACB
CoBank, ACB operates as a cooperative bank that provides financial products and services in the United States. The company operates through three segments: Agribusiness, Farm Credit Banking, and Rural Infrastructure. The company offers various loan products, such as intermediate- and long-term loans, revolving term loans, interim and bridge loans, construction loans, short-term lines of credit, a… Read more
CoBank ACB (CKNQP) - Net Assets
Latest net assets as of June 2024: $11.91 Billion USD
Based on the latest financial reports, CoBank ACB (CKNQP) has net assets worth $11.91 Billion USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($193.47 Billion) and total liabilities ($181.56 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 | $11.91 Billion |
| % of Total Assets | 6.16% |
| Annual Growth Rate | 4.75% |
| 5-Year Change | 5.93% |
| 10-Year Change | N/A |
| Growth Volatility | 8.17 |
CoBank ACB - Net Assets Trend (2014–2023)
This chart illustrates how CoBank ACB's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for CoBank ACB (2014–2023)
The table below shows the annual net assets of CoBank ACB from 2014 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $11.19 Billion | +9.47% |
| 2022-12-31 | $10.22 Billion | -16.42% |
| 2021-12-31 | $12.23 Billion | +2.72% |
| 2020-12-31 | $11.91 Billion | +12.71% |
| 2019-12-31 | $10.57 Billion | +10.82% |
| 2018-12-31 | $9.53 Billion | +5.24% |
| 2017-12-31 | $9.06 Billion | +5.67% |
| 2016-12-31 | $8.57 Billion | +9.77% |
| 2015-12-31 | $7.81 Billion | +5.98% |
| 2014-12-31 | $7.37 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to CoBank ACB'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 101.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $7.02 Billion | 62.68% |
| Common Stock | $4.08 Billion | 36.42% |
| Other Comprehensive Income | $-1.52 Billion | -13.62% |
| Other Components | $1.62 Billion | 14.52% |
| Total Equity | $11.19 Billion | 100.00% |
CoBank ACB Competitors by Market Cap
The table below lists competitors of CoBank ACB ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Firestone Ventures Inc
PINK:FSVEF
|
$963.10K |
|
Cfn Enterprises Inc
OTCQB:CNFN
|
$963.13K |
|
SuperBuzz Inc.
V:SPZ
|
$963.69K |
|
REDSUN PROPERTIES GROUP
F:0RJ
|
$963.75K |
|
Tiphone Mobile Indonesia Tbk
JK:TELE
|
$961.51K |
|
Harvest Oil & Gas Corp
PINK:HRST
|
$961.42K |
|
Mare Nostrum
PA:ALMAR
|
$961.23K |
|
Norra Metals Corp
PINK:NRRMF
|
$961.07K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CoBank ACB's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 10,225,000,000 to 11,193,000,000, a change of 968,000,000 (9.5%).
- Net income of 1,413,000,000 contributed positively to equity growth.
- Dividend payments of 953,000,000 reduced retained earnings.
- Share repurchases of 191,000,000 reduced equity.
- Other comprehensive income increased equity by 403,000,000.
- Other factors increased equity by 296,000,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.41 Billion | +12.62% |
| Dividends Paid | $953.00 Million | -8.51% |
| Share Repurchases | $191.00 Million | -1.71% |
| Other Comprehensive Income | $403.00 Million | +3.6% |
| Other Changes | $296.00 Million | +2.64% |
| Total Change | $- | 9.47% |
Book Value vs Market Value Analysis
This analysis compares CoBank ACB'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: 0.37x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $0.00 | $100.90 | x |
| 2016-12-31 | $0.00 | $100.90 | x |
| 2017-12-31 | $0.00 | $100.90 | x |
| 2018-12-31 | $0.00 | $100.90 | x |
| 2020-12-31 | $303.99 | $100.90 | x |
| 2021-12-31 | $304.88 | $100.90 | x |
| 2022-12-31 | $255.64 | $100.90 | x |
| 2023-12-31 | $274.63 | $100.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CoBank ACB 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): 12.62%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 63.36%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 17.36x
- Recent ROE (12.62%) is below the historical average (12.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 14.48% | 63.27% | 0.01x | 17.20x | $279.80 Million |
| 2015 | 14.01% | 63.69% | 0.01x | 17.57x | $268.13 Million |
| 2016 | 13.37% | 62.30% | 0.01x | 17.83x | $238.30 Million |
| 2017 | 14.89% | 71.76% | 0.01x | 17.09x | $369.31 Million |
| 2018 | 14.82% | 71.30% | 0.01x | 17.30x | $387.28 Million |
| 2019 | 12.04% | 69.10% | 0.01x | 15.99x | $184.54 Million |
| 2020 | 9.90% | 61.85% | 0.01x | 13.32x | $-12.12 Million |
| 2021 | 10.06% | 60.55% | 0.01x | 13.92x | $7.60 Million |
| 2022 | 13.26% | 63.42% | 0.01x | 18.47x | $333.50 Million |
| 2023 | 12.62% | 63.36% | 0.01x | 17.36x | $293.70 Million |
Industry Comparison
This section compares CoBank ACB's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CoBank ACB (CKNQP) | $11.91 Billion | 14.48% | 15.24x | $963.09K |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |