Dividend 15 Split Corp. II
Dividend 15 Split Corp. II is a close ended equity mutual fund launched by Quadravest Inc. The fund is managed by Quadravest Capital Management. It invests in public equity markets of Canada. The fund invests in stocks of companies operating across the diversified sectors. It benchmarks the performance of its portfolio against the S&P TSX 60 Index. Dividend 15 Split Corp. II was formed on Septemb… Read more
Dividend 15 Split Corp. II (DVDDF) - Net Assets
Latest net assets as of May 2025: $149.31 Million USD
Based on the latest financial reports, Dividend 15 Split Corp. II (DVDDF) has net assets worth $149.31 Million USD as of May 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($378.16 Million) and total liabilities ($228.85 Million). 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 | $149.31 Million |
| % of Total Assets | 39.48% |
| Annual Growth Rate | 39.15% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 80.39 |
Dividend 15 Split Corp. II - Net Assets Trend (2020–2024)
This chart illustrates how Dividend 15 Split Corp. II's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Dividend 15 Split Corp. II (2020–2024)
The table below shows the annual net assets of Dividend 15 Split Corp. II from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-11-30 | $172.83 Million | +81.05% |
| 2023-11-30 | $95.46 Million | -34.28% |
| 2022-11-30 | $145.25 Million | +12.73% |
| 2021-11-30 | $128.85 Million | +179.51% |
| 2020-11-30 | $46.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Dividend 15 Split Corp. II'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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $172.83 Million | 100.00% |
| Total Equity | $172.83 Million | 100.00% |
Dividend 15 Split Corp. II Competitors by Market Cap
The table below lists competitors of Dividend 15 Split Corp. II ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Apolo IV Acquisition Corp
V:AIV-P
|
$33.42K |
|
Husteel Co. Ltd.
KQ:005010
|
$33.44K |
|
SGL CARBON - Dusseldorf Stock Exchang
DU:SGL
|
$33.44K |
|
Darkpulse Inc
PINK:DPLS
|
$33.45K |
|
Samad Misr -EGYFERT
EGX:SMFR
|
$33.33K |
|
RED ROBIN GRMT BURG
BE:RRN
|
$33.31K |
|
Turn Therapeutics Inc. Common Stock
NASDAQ:TTRX
|
$33.28K |
|
Hunter & Company PLC
CM:HUNTN0000
|
$33.28K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dividend 15 Split Corp. II's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 95,460,327 to 172,830,006, a change of 77,369,679 (81.0%).
- Net income of 109,539,438 contributed positively to equity growth.
- Dividend payments of 28,898,656 reduced retained earnings.
- Share repurchases of 16,879,849 reduced equity.
- New share issuances of 18,437,604 increased equity.
- Other factors decreased equity by 4,828,858.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $109.54 Million | +63.38% |
| Dividends Paid | $28.90 Million | -16.72% |
| Share Repurchases | $16.88 Million | -9.77% |
| Share Issuances | $18.44 Million | +10.67% |
| Other Changes | $-4.83 Million | -2.79% |
| Total Change | $- | 81.05% |
Book Value vs Market Value Analysis
This analysis compares Dividend 15 Split Corp. II'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: 0.91x
- 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 1.05x to 0.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-11-30 | $3.33 | $3.51 | x |
| 2021-11-30 | $5.30 | $3.51 | x |
| 2022-11-30 | $4.67 | $3.51 | x |
| 2023-11-30 | $3.88 | $3.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dividend 15 Split Corp. II 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): 63.38%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 99.31%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 2.48x
- Recent ROE (63.38%) is above the historical average (12.35%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -33.02% | 0.00% | -0.08x | 4.05x | $-19.83 Million |
| 2021 | 33.99% | 97.47% | 0.12x | 2.92x | $30.92 Million |
| 2022 | 5.94% | 86.44% | 0.02x | 3.16x | $-5.90 Million |
| 2023 | -8.56% | 0.00% | -0.02x | 3.63x | $-17.72 Million |
| 2024 | 63.38% | 99.31% | 0.26x | 2.48x | $92.26 Million |
Industry Comparison
This section compares Dividend 15 Split Corp. II's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $347,082,574
- Average return on equity (ROE) among peers: -20.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dividend 15 Split Corp. II (DVDDF) | $149.31 Million | -33.02% | 1.53x | $33.39K |
| Aberdeen International Inc (AABVF) | $2.84 Million | -313.72% | 0.96x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $198.40 Million | 112.85% | 6.16x | $1.47 Billion |
| AllianceBernstein Holding L.P. (AB) | $490.71 Million | 39.40% | 0.48x | $3.31 Billion |
| VIVO Cannabis Inc (ABCCF) | $160.02 Million | 17.52% | 0.16x | $148.26 Million |
| Associated Capital Group Inc (AC) | $900.39 Million | -5.06% | 0.03x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $605.01 Million | 3.35% | 0.58x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $175.70 Million | 74.08% | 0.06x | $67.60K |
| AGF Management Limited (AGFMF) | $929.77 Million | 6.59% | 0.63x | $298.43 Million |
| Agronomics Limited (AGNMF) | $4.98 Million | 27.73% | 0.08x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $2.99 Million | -170.94% | 0.46x | $2.71 Million |