CoinShares
Chesnara plc, together with its subsidiaries, operates in life assurance and pension businesses primarily in the United Kingdom and Sweden. It operates through UK, Movestic, Waard Group, Scildon, and Other segments. The company underwrites life, health, accident, and disability cover by providing savings and pensions products to meet future financial needs; and provides a portfolio of investment … Read more
CoinShares (CSNRF) - Net Assets
Latest net assets as of June 2025: $293.30 Million USD
Based on the latest financial reports, CoinShares (CSNRF) has net assets worth $293.30 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 ($13.51 Billion) and total liabilities ($13.22 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 | $293.30 Million |
| % of Total Assets | 2.17% |
| Annual Growth Rate | -10.37% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 12.72 |
CoinShares - Net Assets Trend (2021–2025)
This chart illustrates how CoinShares'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 (2021–2025)
The table below shows the annual net assets of CoinShares from 2021 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $314.40 Million | -12.64% |
| 2024-06-30 | $359.90 Million | +8.04% |
| 2023-06-30 | $333.12 Million | -27.29% |
| 2022-06-30 | $458.17 Million | -5.93% |
| 2021-06-30 | $487.07 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to CoinShares'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 49.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $136.50 Million | 43.42% |
| Other Components | $177.90 Million | 56.58% |
| Total Equity | $314.40 Million | 100.00% |
CoinShares Competitors by Market Cap
The table below lists competitors of CoinShares ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
First Western Financial Inc
NASDAQ:MYFW
|
$190.74 Million |
|
Siam City Cement Public Company Limited
PINK:SICUF
|
$190.83 Million |
|
Global PMX Co Ltd
TW:4551
|
$190.84 Million |
|
CIPUTRA SURYA
F:P2C
|
$190.88 Million |
|
ASCOM HLDG NA SF 0,50
F:AH2N
|
$190.62 Million |
|
Forus S.A
SN:FORUS
|
$190.62 Million |
|
Shanghai Kaichuang Marine International Co Ltd
SHG:600097
|
$190.55 Million |
|
Karnell
ST:KARNEL-B
|
$190.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CoinShares's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 359,900,000 to 314,400,000, a change of -45,500,000 (-12.6%).
- Net income of 3,900,000 contributed positively to equity growth.
- Dividend payments of 36,500,000 reduced retained earnings.
- Other factors decreased equity by 12,900,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $3.90 Million | +1.24% |
| Dividends Paid | $36.50 Million | -11.61% |
| Other Changes | $-12.90 Million | -4.1% |
| Total Change | $- | -12.64% |
Book Value vs Market Value Analysis
This analysis compares CoinShares'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: 0.62x
- 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 increased from 0.40x to 0.62x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-06-30 | $3.25 | $1.29 | x |
| 2022-06-30 | $3.05 | $1.29 | x |
| 2023-06-30 | $2.22 | $1.29 | x |
| 2024-06-30 | $2.39 | $1.29 | x |
| 2025-06-30 | $2.08 | $1.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CoinShares 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): 1.24%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.23%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 40.57x
- Recent ROE (1.24%) is below the historical average (1.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 4.35% | 3.32% | 0.07x | 18.61x | $-27.52 Million |
| 2022 | 5.96% | 1.82% | 0.15x | 21.14x | $-18.52 Million |
| 2023 | -10.12% | 0.00% | -0.11x | 34.08x | $-67.01 Million |
| 2024 | 5.17% | 1.80% | 0.09x | 33.70x | $-17.39 Million |
| 2025 | 1.24% | 0.23% | 0.13x | 40.57x | $-27.54 Million |
Industry Comparison
This section compares CoinShares's net assets metrics with peer companies in the Insurance - Life industry.
Industry Context
- Industry: Insurance - Life
- Average net assets among peers: $52,810,304,913
- Average return on equity (ROE) among peers: 25.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CoinShares (CSNRF) | $293.30 Million | 4.35% | 45.06x | $190.68 Million |
| AIA Group Ltd (AAIGF) | $181.58 Billion | 2.29% | 0.02x | $75.83 Billion |
| Atlantic American Corporation (AAME) | $31.80 Million | 29.56% | 5.46x | $10.89 Million |
| Abacus Life Inc. (ABL) | $766.89K | 130.06% | 1.40x | $276.35 Million |
| Abacus Global Management, Inc. (ABX) | $1.30 Million | 50.90% | 0.12x | $92.43K |
| Aflac Incorporated (AFL) | $1.75 Billion | 16.71% | 10.58x | $56.35 Billion |
| Anadolu Hayat Emeklilik Anonim Sirketi (AUHYF) | $1.88 Billion | 37.14% | 26.33x | $90.55 Million |
| Brighthouse Financial Inc (BHF) | $14.86 Billion | -19.78% | 13.93x | $3.36 Billion |
| Challenger Limited (CFIGF) | $3.25 Billion | -12.80% | 7.79x | $1.66 Billion |
| Citizens Inc (CIA) | $28.30 Million | 19.53% | 3.74x | $217.00 Million |
| China Life Insurance Co Ltd (CILJF) | $324.71 Billion | 0.30% | 0.01x | $16.34 Billion |