Canandaigua National Corporation
Canandaigua National Corporation operates as the bank holding company for The Canandaigua National Bank & Trust Company and Canandaigua National Trust Company of Florida that provides various banking and financial services. The company offers checking, savings, and certificate of deposit accounts, trust, investment, and insurance services to individuals, corporations, and municipalities, as well … Read more
Canandaigua National Corporation (CNND) - Net Assets
Latest net assets as of December 2024: $376.14 Million USD
Based on the latest financial reports, Canandaigua National Corporation (CNND) has net assets worth $376.14 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.07 Billion) and total liabilities ($4.70 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 | $376.14 Million |
| % of Total Assets | 7.41% |
| Annual Growth Rate | 9.0% |
| 5-Year Change | 27.18% |
| 10-Year Change | 104.86% |
| Growth Volatility | 297.73 |
Canandaigua National Corporation - Net Assets Trend (2003–2024)
This chart illustrates how Canandaigua National Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Canandaigua National Corporation (2003–2024)
The table below shows the annual net assets of Canandaigua National Corporation from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $376.14 Million | +3.99% |
| 2023-12-31 | $361.71 Million | +15.73% |
| 2022-12-31 | $312.56 Million | -1.93% |
| 2021-12-31 | $318.71 Million | +7.77% |
| 2020-12-31 | $295.75 Million | +11.20% |
| 2019-12-31 | $265.97 Million | +13.83% |
| 2018-12-31 | $233.66 Million | +12.39% |
| 2017-12-31 | $207.90 Million | +6.90% |
| 2016-12-31 | $194.48 Million | +5.92% |
| 2015-12-31 | $183.61 Million | +7.80% |
| 2014-12-31 | $170.33 Million | +8.68% |
| 2013-12-31 | $156.72 Million | +8.56% |
| 2012-12-31 | $144.36 Million | +6.32% |
| 2011-12-31 | $135.78 Million | -91.56% |
| 2010-12-31 | $1.61 Billion | +6.98% |
| 2009-12-31 | $1.50 Billion | +1398.05% |
| 2008-12-31 | $100.44 Million | +8.93% |
| 2007-12-31 | $92.21 Million | +10.35% |
| 2006-12-31 | $83.56 Million | +9.17% |
| 2005-12-31 | $76.54 Million | +9.07% |
| 2004-12-31 | $70.17 Million | +13.97% |
| 2003-12-31 | $61.57 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Canandaigua National Corporation'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 778.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $401.67 Million | 106.87% |
| Common Stock | $9.73 Million | 2.59% |
| Other Comprehensive Income | $-24.36 Million | -6.48% |
| Total Equity | $375.84 Million | 100.00% |
Canandaigua National Corporation Competitors by Market Cap
The table below lists competitors of Canandaigua National Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Amarin Corporation PLC
NASDAQ:AMRN
|
$303.32 Million |
|
Shenzhen Sunyes Electronic Manufacturing Holding Co Ltd
SHE:002388
|
$303.37 Million |
|
Turaco Gold Ltd
AU:TCG
|
$303.55 Million |
|
Sysgration Ltd
TWO:5309
|
$303.56 Million |
|
China Catalyst Holding Co. Ltd. A
SHG:688267
|
$303.30 Million |
|
SATURN OIL+GAS O.N.
F:SMKA
|
$303.27 Million |
|
Caleres Inc
NYSE:CAL
|
$303.11 Million |
|
Triveni Engineering & Industries Limited
NSE:TRIVENI
|
$303.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Canandaigua National Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 347,269,000 to 375,839,000, a change of 28,570,000 (8.2%).
- Net income of 44,602,000 contributed positively to equity growth.
- Dividend payments of 16,842,000 reduced retained earnings.
- Share repurchases of 7,546,000 reduced equity.
- Other comprehensive income increased equity by 7,433,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $44.60 Million | +11.87% |
| Dividends Paid | $16.84 Million | -4.48% |
| Share Repurchases | $7.55 Million | -2.01% |
| Other Comprehensive Income | $7.43 Million | +1.98% |
| Other Changes | $923.00K | +0.25% |
| Total Change | $- | 8.23% |
Book Value vs Market Value Analysis
This analysis compares Canandaigua National Corporation'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: 0.88x
- 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 5.73x to 0.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | $31.41 | $180.00 | x |
| 2004-12-31 | $34.91 | $180.00 | x |
| 2005-12-31 | $38.76 | $180.00 | x |
| 2006-12-31 | $42.66 | $180.00 | x |
| 2007-12-31 | $47.46 | $180.00 | x |
| 2008-12-31 | $52.15 | $180.00 | x |
| 2009-12-31 | $58.27 | $180.00 | x |
| 2010-12-31 | $64.45 | $180.00 | x |
| 2011-12-31 | $69.07 | $180.00 | x |
| 2012-12-31 | $73.72 | $180.00 | x |
| 2013-12-31 | $80.49 | $180.00 | x |
| 2014-12-31 | $88.28 | $180.00 | x |
| 2015-12-31 | $95.46 | $180.00 | x |
| 2016-12-31 | $102.37 | $180.00 | x |
| 2017-12-31 | $109.28 | $180.00 | x |
| 2018-12-31 | $123.40 | $180.00 | x |
| 2019-12-31 | $140.98 | $180.00 | x |
| 2020-12-31 | $156.96 | $180.00 | x |
| 2021-12-31 | $169.13 | $180.00 | x |
| 2022-12-31 | $165.61 | $180.00 | x |
| 2023-12-31 | $185.41 | $180.00 | x |
| 2024-12-31 | $203.48 | $180.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Canandaigua National Corporation 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): 11.87%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.76%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 13.50x
- Recent ROE (11.87%) is below the historical average (13.57%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 16.80% | 22.25% | 0.05x | 14.74x | $4.18 Million |
| 2004 | 15.10% | 21.84% | 0.05x | 13.89x | $3.58 Million |
| 2005 | 14.67% | 21.83% | 0.05x | 14.00x | $3.57 Million |
| 2006 | 14.25% | 22.24% | 0.04x | 14.43x | $3.55 Million |
| 2007 | 13.51% | 22.02% | 0.05x | 13.63x | $3.24 Million |
| 2008 | 13.87% | 19.92% | 0.05x | 14.13x | $3.89 Million |
| 2009 | 13.60% | 19.20% | 0.05x | 14.02x | $4.02 Million |
| 2010 | 14.26% | 20.10% | 0.05x | 13.42x | $5.28 Million |
| 2011 | 12.28% | 18.07% | 0.05x | 13.26x | $3.02 Million |
| 2012 | 13.24% | 18.70% | 0.05x | 13.27x | $4.61 Million |
| 2013 | 12.53% | 19.02% | 0.05x | 12.67x | $3.92 Million |
| 2014 | 12.28% | 19.29% | 0.05x | 12.55x | $3.84 Million |
| 2015 | 11.57% | 18.69% | 0.05x | 12.48x | $2.86 Million |
| 2016 | 11.57% | 18.85% | 0.05x | 12.74x | $3.05 Million |
| 2017 | 10.60% | 17.28% | 0.05x | 12.81x | $1.24 Million |
| 2018 | 15.37% | 24.65% | 0.05x | 12.25x | $12.55 Million |
| 2019 | 14.73% | 22.55% | 0.06x | 11.38x | $12.59 Million |
| 2020 | 14.29% | 23.89% | 0.05x | 12.34x | $12.70 Million |
| 2021 | 14.05% | 22.91% | 0.05x | 13.11x | $12.91 Million |
| 2022 | 15.33% | 21.93% | 0.05x | 15.25x | $16.63 Million |
| 2023 | 12.88% | 25.33% | 0.04x | 14.10x | $10.00 Million |
| 2024 | 11.87% | 14.76% | 0.06x | 13.50x | $7.02 Million |
Industry Comparison
This section compares Canandaigua National Corporation's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $16,924,188,763
- Average return on equity (ROE) among peers: 8.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Canandaigua National Corporation (CNND) | $376.14 Million | 16.80% | 12.49x | $303.32 Million |
| Ameris Bancorp (ABCB) | $293.77 Million | 7.18% | 9.19x | $4.91 Billion |
| ACNB Corporation (ACNB) | $49.44 Million | 14.38% | 8.56x | $474.47 Million |
| Addiko Bank AG (ADBKF) | $851.70 Million | 0.16% | 5.94x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $117.10 Million | 6.09% | 5.76x | $79.30 Million |
| Absa Group Limited (AGRPF) | $85.20 Billion | 14.06% | 10.26x | $6.72 Billion |
| AIB Group plc (AIBGY) | $13.66 Billion | 4.74% | 8.36x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $62.92 Billion | 9.95% | 6.60x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $5.78 Billion | 1.48% | 10.55x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $18.00 Million | 9.85% | 14.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |