Element Fleet Management Corp
Element Fleet Management Corp. operates as a fleet management company primarily in Canada, the United States, Mexico, Australia, and New Zealand. The company offers end-to-end fleet cars, trucks, and material handling support equipment ordering support; and electric vehicle fleet solutions, including fleet planning, charging infrastructure, acquisition, financing, maintenance, and remarketing. It… Read more
Element Fleet Management Corp (ELEEF) - Net Assets
Latest net assets as of September 2025: $2.83 Billion USD
Based on the latest financial reports, Element Fleet Management Corp (ELEEF) has net assets worth $2.83 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($14.08 Billion) and total liabilities ($11.25 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 | $2.83 Billion |
| % of Total Assets | 20.08% |
| Annual Growth Rate | 80.98% |
| 5-Year Change | -26.69% |
| 10-Year Change | -51.48% |
| Growth Volatility | 837.16 |
Element Fleet Management Corp - Net Assets Trend (2009–2024)
This chart illustrates how Element Fleet Management 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 Element Fleet Management Corp (2009–2024)
The table below shows the annual net assets of Element Fleet Management Corp from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.77 Billion | -28.88% |
| 2023-12-31 | $3.90 Billion | +5.97% |
| 2022-12-31 | $3.68 Billion | +6.67% |
| 2021-12-31 | $3.45 Billion | -8.80% |
| 2020-12-31 | $3.78 Billion | -0.75% |
| 2019-12-31 | $3.81 Billion | -4.10% |
| 2018-12-31 | $3.98 Billion | +6.29% |
| 2017-12-31 | $3.74 Billion | -6.06% |
| 2016-12-31 | $3.98 Billion | -30.37% |
| 2015-12-31 | $5.72 Billion | +101.97% |
| 2014-12-31 | $2.83 Billion | +95.69% |
| 2013-12-31 | $1.45 Billion | +241.66% |
| 2012-12-31 | $423.43 Million | +77.66% |
| 2011-12-31 | $238.34 Million | +2878.89% |
| 2010-12-31 | $8.00 Million | +2011.08% |
| 2009-12-31 | $379.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Element Fleet Management 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 grown by 65080100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $650.40 Million | 23.44% |
| Common Stock | $2.26 Billion | 81.61% |
| Other Comprehensive Income | $-140.14 Million | -5.05% |
| Total Equity | $2.77 Billion | 100.00% |
Element Fleet Management Corp Competitors by Market Cap
The table below lists competitors of Element Fleet Management Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Industrias Peñoles S.A.B. de C.V
MX:PE&OLES
|
$8.00 Billion |
|
Trent Limited
NSE:TRENT
|
$8.00 Billion |
|
CLUS
PINK:CLUS
|
$8.00 Billion |
|
Canadian Tire Corporation Limited
PINK:CDNTF
|
$8.00 Billion |
|
SEI Investments Company
NASDAQ:SEIC
|
$7.99 Billion |
|
Chifeng Jilong Gold Mining Co Ltd
SHG:600988
|
$7.99 Billion |
|
Bangkok Bank PCL
BK:BBL
|
$7.97 Billion |
|
Max Healthcare Institute Limited
NSE:MAXHEALTH
|
$7.97 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Element Fleet Management Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,900,673,000 to 2,774,315,000, a change of -1,126,358,000 (-28.9%).
- Net income of 387,137,000 contributed positively to equity growth.
- Dividend payments of 146,746,000 reduced retained earnings.
- Share repurchases of 15,598,936 reduced equity.
- New share issuances of 2,479,000 increased equity.
- Other comprehensive income decreased equity by 617,998,000.
- Other factors decreased equity by 735,631,064.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $387.14 Million | +13.95% |
| Dividends Paid | $146.75 Million | -5.29% |
| Share Repurchases | $15.60 Million | -0.56% |
| Share Issuances | $2.48 Million | +0.09% |
| Other Comprehensive Income | $-618.00 Million | -22.28% |
| Other Changes | $-735.63 Million | -26.52% |
| Total Change | $- | -28.88% |
Book Value vs Market Value Analysis
This analysis compares Element Fleet Management 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: 2.92x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 59.36x to 2.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | $0.34 | $20.02 | x |
| 2012-12-31 | $5.42 | $20.02 | x |
| 2013-12-31 | $10.45 | $20.02 | x |
| 2014-12-31 | $12.30 | $20.02 | x |
| 2015-12-31 | $18.36 | $20.02 | x |
| 2016-12-31 | $10.14 | $20.02 | x |
| 2017-12-31 | $9.64 | $20.02 | x |
| 2018-12-31 | $10.15 | $20.02 | x |
| 2019-12-31 | $8.75 | $20.02 | x |
| 2020-12-31 | $8.34 | $20.02 | x |
| 2021-12-31 | $7.85 | $20.02 | x |
| 2022-12-31 | $8.91 | $20.02 | x |
| 2023-12-31 | $9.63 | $20.02 | x |
| 2024-12-31 | $6.86 | $20.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Element Fleet Management 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): 13.95%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.56%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 4.58x
- Recent ROE (13.95%) is above the historical average (3.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | -18.11% | -83.85% | 0.04x | 5.88x | $-2.25 Million |
| 2011 | 0.00% | 0.00% | 0.02x | 1.75x | $-23.83 Million |
| 2012 | -1.52% | -14.84% | 0.03x | 3.56x | $-48.76 Million |
| 2013 | -0.11% | -1.39% | 0.03x | 2.39x | $-146.32 Million |
| 2014 | 1.91% | 15.72% | 0.03x | 3.99x | $-229.03 Million |
| 2015 | 3.05% | 22.73% | 0.03x | 4.40x | $-397.32 Million |
| 2016 | 10.38% | 44.91% | 0.05x | 4.63x | $15.20 Million |
| 2017 | 4.13% | 8.91% | 0.10x | 4.70x | $-219.36 Million |
| 2018 | -5.01% | -11.26% | 0.09x | 4.77x | $-596.65 Million |
| 2019 | 2.56% | 4.84% | 0.12x | 4.57x | $-283.56 Million |
| 2020 | 5.95% | 12.72% | 0.12x | 3.96x | $-153.27 Million |
| 2021 | 8.09% | 16.80% | 0.13x | 3.76x | $-65.88 Million |
| 2022 | 11.13% | 20.90% | 0.14x | 3.89x | $41.55 Million |
| 2023 | 9.01% | 17.62% | 0.12x | 4.22x | $-38.64 Million |
| 2024 | 13.95% | 17.56% | 0.17x | 4.58x | $109.71 Million |
Industry Comparison
This section compares Element Fleet Management Corp's net assets metrics with peer companies in the Rental & Leasing Services industry.
Industry Context
- Industry: Rental & Leasing Services
- Average net assets among peers: $1,407,402,768
- Average return on equity (ROE) among peers: -22.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Element Fleet Management Corp (ELEEF) | $2.83 Billion | -18.11% | 3.98x | $7.99 Billion |
| AerCap Holdings NV (AER) | $95.64 Million | -290.23% | 46.07x | $21.49 Billion |
| Senmiao Technology Ltd (AIHS) | $12.57 Million | -4.27% | 0.58x | $6.15 Million |
| Artificial Intelligence Technology Solutions Inc (AITX) | $-746.83K | 0.00% | 0.00x | $12.64 Million |
| Air Lease Corporation (AL) | $7.16 Billion | 8.58% | 3.25x | $6.80 Billion |
| ALD S.A (ALLDF) | $2.76 Billion | 15.36% | 4.69x | $6.73 Billion |
| Alta Equipment Group Inc (ALTG) | $-8.62K | 0.00% | 0.00x | $101.18 Million |
| TOUAX (ALTOU) | $129.11 Million | -2.48% | 2.40x | $21.06 Million |
| Autohellas S.A (AOHLF) | $195.75 Million | 11.59% | 1.92x | $66.70 Million |
| Ashtead Group plc (ASHTF) | $3.28 Billion | 20.18% | 1.84x | $20.11 Billion |
| Ashtead Gro (ASHTY) | $442.03 Million | 17.62% | 2.79x | $30.08 Billion |