Dividend 15 Split Corp
Dividend 15 Split Corp. 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 spreads its investments across diversified sectors. It benchmarks the performance of its portfolio against the S&P TSX 60 Index. Dividend 15 Split Corp. was formed on January 9, 2004 and is domiciled i… Read more
Dividend 15 Split Corp (DVSPF) - Net Assets
Latest net assets as of March 2025: $851.56 Million USD
Based on the latest financial reports, Dividend 15 Split Corp (DVSPF) has net assets worth $851.56 Million USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.17 Billion) and total liabilities ($1.32 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 | $851.56 Million |
| % of Total Assets | 39.22% |
| Annual Growth Rate | 9.38% |
| 5-Year Change | 250.77% |
| 10-Year Change | 237.36% |
| Growth Volatility | 40.18 |
Dividend 15 Split Corp - Net Assets Trend (2014–2024)
This chart illustrates how Dividend 15 Split Corp'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 (2014–2024)
The table below shows the annual net assets of Dividend 15 Split Corp from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $849.09 Million | +53.11% |
| 2023-12-31 | $554.58 Million | +13.99% |
| 2022-12-31 | $486.53 Million | -6.00% |
| 2021-12-31 | $517.58 Million | +113.82% |
| 2020-12-31 | $242.06 Million | -24.99% |
| 2019-12-31 | $322.69 Million | -1.79% |
| 2018-12-31 | $328.56 Million | -11.16% |
| 2017-12-31 | $369.86 Million | +26.36% |
| 2016-12-31 | $292.71 Million | +16.30% |
| 2015-12-31 | $251.69 Million | -27.32% |
| 2014-12-31 | $346.28 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Dividend 15 Split Corp'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 (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $849.09 Million | 100.00% |
| Total Equity | $849.09 Million | 100.00% |
Dividend 15 Split Corp Competitors by Market Cap
The table below lists competitors of Dividend 15 Split Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TANZANIA BREWERIES LTD
DSE:TBL
|
$35.88K |
|
Megan Holdings Limited Ordinary Shares
NASDAQ:MGN
|
$35.89K |
|
LB Investment Inc.
KO:309960
|
$35.89K |
|
Enjet Co. Ltd.
KO:419080
|
$35.95K |
|
Western Troy Capital Resources Inc
PINK:WTCRF
|
$35.80K |
|
H.W.A. AG
MU:H9W
|
$35.80K |
|
October Pharma
EGX:OCPH
|
$35.79K |
|
Brookfield India Real Estate Trust
NSE:BIRET-RR
|
$35.76K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dividend 15 Split Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 554,577,131 to 849,090,696, a change of 294,513,565 (53.1%).
- Net income of 399,462,086 contributed positively to equity growth.
- Dividend payments of 189,601,358 reduced retained earnings.
- Other factors increased equity by 84,652,837.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $399.46 Million | +47.05% |
| Dividends Paid | $189.60 Million | -22.33% |
| Other Changes | $84.65 Million | +9.97% |
| Total Change | $- | 53.11% |
Book Value vs Market Value Analysis
This analysis compares Dividend 15 Split Corp'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: 0.52x
- 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 | $3.63 | x |
| 2016-12-31 | $0.00 | $3.63 | x |
| 2017-12-31 | $0.00 | $3.63 | x |
| 2018-12-31 | $0.00 | $3.63 | x |
| 2019-12-31 | $6.54 | $3.63 | x |
| 2020-12-31 | $4.43 | $3.63 | x |
| 2021-12-31 | $6.93 | $3.63 | x |
| 2022-12-31 | $4.98 | $3.63 | x |
| 2023-12-31 | $4.74 | $3.63 | x |
| 2024-12-31 | $6.93 | $3.63 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dividend 15 Split Corp 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): 47.05%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 82.46%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 2.51x
- Recent ROE (47.05%) is above the historical average (5.53%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 15.59% | 69.58% | 0.12x | 1.93x | $19.34 Million |
| 2015 | -15.96% | 0.00% | -0.03x | 2.20x | $-65.33 Million |
| 2016 | 18.87% | 70.82% | 0.13x | 2.12x | $25.96 Million |
| 2017 | 12.77% | 63.50% | 0.10x | 2.07x | $10.23 Million |
| 2018 | -14.70% | 0.00% | -0.02x | 2.40x | $-81.16 Million |
| 2019 | 21.07% | 71.10% | 0.13x | 2.30x | $35.72 Million |
| 2020 | -30.82% | 0.00% | -0.06x | 2.88x | $-98.81 Million |
| 2021 | 27.86% | 58.32% | 0.20x | 2.40x | $92.46 Million |
| 2022 | -0.26% | -1.68% | 0.06x | 2.65x | $-49.92 Million |
| 2023 | -20.60% | 0.00% | -0.01x | 3.24x | $-169.73 Million |
| 2024 | 47.05% | 82.46% | 0.23x | 2.51x | $314.55 Million |
Industry Comparison
This section compares Dividend 15 Split Corp's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dividend 15 Split Corp (DVSPF) | $851.56 Million | 15.59% | 1.55x | $35.83K |
| Abcam plc (ABCZF) | $726.90 Million | -1.17% | 0.45x | $5.00 Billion |
| Able View Global Inc. Warrant (ABLVW) | $11.42 Million | 85.41% | 3.81x | $277.93K |
| Above Food Ingredients Inc. Warrants (ABVEW) | $199.86 Million | -2.89% | 0.00x | $6.25 Million |
| Adamas Trust, Inc. (ADAMG) | $2.43 Billion | 7.94% | 1.33x | $2.09 Billion |
| ADS-TEC ENERGY PLC Warrant (ADSEW) | $33.92 Million | -162.39% | 2.67x | $10.06 Million |
| Alliance Entertainment Holding Corporation Warrants (AENTW) | $52.92 Million | 10.13% | 4.23x | $2.29 Million |
| Forafric Global PLC Warrants (AFRIW) | $5.32 Million | -457.58% | 45.29x | $2.67 Million |
| Centurion Acquisition Corp. Warrant (ALFUW) | $282.84 Million | 1.97% | 0.05x | $4.81 Million |
| Alliance Trust PLC (ALITF) | $4.04 Billion | 10.04% | 0.29x | $112.87K |
| Alvotech Warrant (ALVOW) | $-564.42 Million | 0.00% | 0.00x | $35.01 Million |