Dividend Select 15 Corp
Dividend Select 15 Corp. is a closed ended equity mutual fund launched and managed by Quadravest Capital Management Inc. The fund invests in public equity markets of Canada. It invests in stocks of companies engaged in the financial services sector. Dividend Select 15 Corp. was formed on August 26, 2010 and is domiciled in Canada.
Dividend Select 15 Corp (DVVDF) - Net Assets
Latest net assets as of March 2025: $149.31 Million USD
Based on the latest financial reports, Dividend Select 15 Corp (DVVDF) has net assets worth $149.31 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 ($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 | 0.77% |
| 5-Year Change | 274.9% |
| 10-Year Change | 139.96% |
| Growth Volatility | 61.79 |
Dividend Select 15 Corp - Net Assets Trend (2005–2024)
This chart illustrates how Dividend Select 15 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 Select 15 Corp (2005–2024)
The table below shows the annual net assets of Dividend Select 15 Corp from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $172.83 Million | +81.05% |
| 2023-12-31 | $95.46 Million | -34.28% |
| 2022-12-31 | $145.25 Million | +12.73% |
| 2021-12-31 | $128.85 Million | +179.51% |
| 2020-12-31 | $46.10 Million | -46.23% |
| 2019-12-31 | $85.73 Million | +22.45% |
| 2018-12-31 | $70.01 Million | -24.25% |
| 2017-12-31 | $92.42 Million | +15.36% |
| 2016-12-31 | $80.11 Million | +11.23% |
| 2015-12-31 | $72.02 Million | -14.15% |
| 2014-12-31 | $83.89 Million | +149.41% |
| 2013-12-31 | $33.64 Million | +24.77% |
| 2012-12-31 | $26.96 Million | +2.21% |
| 2011-12-31 | $26.38 Million | -22.49% |
| 2010-12-31 | $34.03 Million | +3.05% |
| 2009-12-31 | $33.02 Million | +43.60% |
| 2008-12-31 | $23.00 Million | -69.16% |
| 2007-12-31 | $74.55 Million | +6.26% |
| 2006-12-31 | $70.16 Million | -53.02% |
| 2005-12-31 | $149.35 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Dividend Select 15 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 100.0% 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 | 491.29% |
| Total Equity | $172.83 Million | 100.00% |
Dividend Select 15 Corp Competitors by Market Cap
The table below lists competitors of Dividend Select 15 Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Justem Co. Ltd.
KO:417840
|
$44.59K |
|
BOC HONG KONG
MU:BOF
|
$44.65K |
|
BPAC11Q
SA:BPAC11Q
|
$44.69K |
|
KASIKORNBANK -F-
DU:TFBF
|
$44.72K |
|
Winamp Group SA
PA:ALPET
|
$44.57K |
|
Winston Gold Corp
PINK:WGMCF
|
$44.57K |
|
Great Elm Capital Corp
NASDAQ:GECC
|
$44.55K |
|
LIBERTY INACT-A
MU:LB3A
|
$44.55K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dividend Select 15 Corp'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 95,407,356 contributed positively to equity growth.
- Dividend payments of 28,898,656 reduced retained earnings.
- Share repurchases of 16,879,849 reduced equity.
- Other factors increased equity by 27,740,828.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $95.41 Million | +55.2% |
| Dividends Paid | $28.90 Million | -16.72% |
| Share Repurchases | $16.88 Million | -9.77% |
| Other Changes | $27.74 Million | +16.05% |
| Total Change | $- | 81.05% |
Book Value vs Market Value Analysis
This analysis compares Dividend Select 15 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: 0.67x
- 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 0.33x to 0.67x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | $14.58 | $4.76 | x |
| 2006-12-31 | $13.34 | $4.76 | x |
| 2007-12-31 | $13.39 | $4.76 | x |
| 2008-12-31 | $4.11 | $4.76 | x |
| 2009-12-31 | $6.08 | $4.76 | x |
| 2010-12-31 | $6.73 | $4.76 | x |
| 2011-12-31 | $5.17 | $4.76 | x |
| 2012-12-31 | $5.34 | $4.76 | x |
| 2013-12-31 | $6.61 | $4.76 | x |
| 2014-12-31 | $9.22 | $4.76 | x |
| 2015-12-31 | $5.44 | $4.76 | x |
| 2016-12-31 | $4.87 | $4.76 | x |
| 2017-12-31 | $5.62 | $4.76 | x |
| 2018-12-31 | $4.26 | $4.76 | x |
| 2019-12-31 | $5.22 | $4.76 | x |
| 2020-12-31 | $3.31 | $4.76 | x |
| 2021-12-31 | $8.06 | $4.76 | x |
| 2022-12-31 | $9.09 | $4.76 | x |
| 2023-12-31 | $3.21 | $4.76 | x |
| 2024-12-31 | $7.08 | $4.76 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dividend Select 15 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): 55.20%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 819.63%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 2.48x
- Recent ROE (55.20%) is above the historical average (-0.06%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | -1.10% | -25.08% | 0.03x | 1.61x | $-16.58 Million |
| 2006 | -1.42% | -859.17% | 0.00x | 1.79x | $-8.02 Million |
| 2007 | 7.62% | 134.45% | 0.03x | 1.76x | $-1.78 Million |
| 2008 | -195.03% | -981.00% | 0.06x | 3.47x | $-47.15 Million |
| 2009 | 50.64% | 423.82% | 0.05x | 2.56x | $13.42 Million |
| 2010 | 20.80% | 218.49% | 0.04x | 2.51x | $3.68 Million |
| 2011 | -1.99% | -16.38% | 0.04x | 3.02x | $-3.16 Million |
| 2012 | 20.05% | 168.47% | 0.04x | 2.90x | $2.71 Million |
| 2013 | 38.00% | 79.22% | 0.18x | 2.65x | $9.42 Million |
| 2014 | 11.60% | 55.71% | 0.09x | 2.42x | $1.34 Million |
| 2015 | -24.46% | 0.00% | -0.05x | 3.02x | $-24.82 Million |
| 2016 | 25.99% | 71.88% | 0.13x | 2.80x | $12.81 Million |
| 2017 | 17.67% | 62.81% | 0.10x | 2.81x | $7.09 Million |
| 2018 | -22.62% | 0.00% | -0.03x | 3.41x | $-22.84 Million |
| 2019 | 39.13% | 98.07% | 0.14x | 2.92x | $24.97 Million |
| 2020 | -33.02% | 0.00% | -0.08x | 4.05x | $-19.83 Million |
| 2021 | 25.07% | 275.49% | 0.03x | 2.92x | $19.42 Million |
| 2022 | -7.05% | -999.30% | 0.00x | 3.16x | $-24.76 Million |
| 2023 | -26.30% | 0.00% | 0.00x | 3.63x | $-34.66 Million |
| 2024 | 55.20% | 819.63% | 0.03x | 2.48x | $78.12 Million |
Industry Comparison
This section compares Dividend Select 15 Corp's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $310,488,743
- Average return on equity (ROE) among peers: -23.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dividend Select 15 Corp (DVVDF) | $149.31 Million | -1.10% | 1.53x | $44.57K |
| Aberdeen International Inc (AABVF) | $136.31 Million | 25.56% | 0.23x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $1.39 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.43 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $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) | $85.10 Million | -65.65% | 0.01x | $77.20K |
| AGF Management Limited (AGFMF) | $1.12 Billion | 10.14% | 3.56x | $298.43 Million |
| Agronomics Limited (AGNMF) | $100.03 Million | 1.02% | 0.02x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $6.11 Million | -266.31% | 0.76x | $2.71 Million |