Canoe EIT Income Fund
Canoe EIT Income Fund is a closed-ended balanced fund launched and managed by Canoe Financial LP. It is co-managed by Haber Trilix Advisors, LP. The fund invests in the public equity and fixed income markets of Canada and the United States. Its equity portion seeks to invest in the stocks of companies operating across diversified sectors. The fund primarily invests in growth and value stocks of m… Read more
Canoe EIT Income Fund (ENDTF) - Net Assets
Latest net assets as of June 2025: $2.91 Billion USD
Based on the latest financial reports, Canoe EIT Income Fund (ENDTF) has net assets worth $2.91 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.23 Billion) and total liabilities ($320.66 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 | $2.91 Billion |
| % of Total Assets | 90.09% |
| Annual Growth Rate | 3.0% |
| 5-Year Change | 128.5% |
| 10-Year Change | 151.97% |
| Growth Volatility | 19.87 |
Canoe EIT Income Fund - Net Assets Trend (2005–2024)
This chart illustrates how Canoe EIT Income Fund's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Canoe EIT Income Fund (2005–2024)
The table below shows the annual net assets of Canoe EIT Income Fund from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.80 Billion | +20.72% |
| 2023-12-31 | $2.32 Billion | +6.98% |
| 2022-12-31 | $2.17 Billion | +13.30% |
| 2021-12-31 | $1.91 Billion | +56.16% |
| 2020-12-31 | $1.23 Billion | -4.30% |
| 2019-12-31 | $1.28 Billion | +20.00% |
| 2018-12-31 | $1.07 Billion | -0.51% |
| 2017-12-31 | $1.07 Billion | -6.80% |
| 2016-12-31 | $1.15 Billion | +3.56% |
| 2015-12-31 | $1.11 Billion | -13.97% |
| 2014-12-31 | $1.29 Billion | +13.18% |
| 2013-12-31 | $1.14 Billion | +1.06% |
| 2012-12-31 | $1.13 Billion | -12.36% |
| 2011-12-31 | $1.29 Billion | -18.64% |
| 2010-12-31 | $1.58 Billion | +20.71% |
| 2009-12-31 | $1.31 Billion | +13.39% |
| 2008-12-31 | $1.16 Billion | -42.36% |
| 2007-12-31 | $2.01 Billion | +4.89% |
| 2006-12-31 | $1.91 Billion | +19.82% |
| 2005-12-31 | $1.60 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Canoe EIT Income Fund'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 | $2.80 Billion | 100.00% |
| Total Equity | $2.80 Billion | 100.00% |
Canoe EIT Income Fund Competitors by Market Cap
The table below lists competitors of Canoe EIT Income Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FS KKR Capital Corp
NYSE:FSK
|
$99.22K |
|
Arctic Falls
ST:ARFA
|
$99.26K |
|
Meed Growth Corp
V:MEED-P
|
$99.28K |
|
Silver Pegasus Acquisition Corp.
NASDAQ:SPEG
|
$99.29K |
|
WILLIAMS GP HD G-CT - Dusseldorf Stock Exchang
DU:WGF1
|
$99.14K |
|
BlackRock Virginia MBT
NYSE:BHV
|
$99.11K |
|
331660
KO:331660
|
$99.06K |
|
I-TEK ORD A (SHH) EQSW Exp:
SHG:688610
|
$99.05K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Canoe EIT Income Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,320,193,000 to 2,800,914,000, a change of 480,721,000 (20.7%).
- Net income of 637,586,000 contributed positively to equity growth.
- Dividend payments of 213,889,000 reduced retained earnings.
- Share repurchases of 498,000 reduced equity.
- New share issuances of 58,185,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $637.59 Million | +22.76% |
| Dividends Paid | $213.89 Million | -7.64% |
| Share Repurchases | $498.00K | -0.02% |
| Share Issuances | $58.19 Million | +2.08% |
| Other Changes | $-663.00K | -0.02% |
| Total Change | $- | 20.72% |
Book Value vs Market Value Analysis
This analysis compares Canoe EIT Income Fund'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: 0.66x
- 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 0.47x to 0.66x 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 | $21.74 | $10.28 | x |
| 2006-12-31 | $19.56 | $10.28 | x |
| 2007-12-31 | $17.53 | $10.28 | x |
| 2008-12-31 | $9.24 | $10.28 | x |
| 2009-12-31 | $10.75 | $10.28 | x |
| 2010-12-31 | $17.26 | $10.28 | x |
| 2011-12-31 | $13.75 | $10.28 | x |
| 2012-12-31 | $12.85 | $10.28 | x |
| 2013-12-31 | $13.70 | $10.28 | x |
| 2014-12-31 | $14.69 | $10.28 | x |
| 2015-12-31 | $11.75 | $10.28 | x |
| 2016-12-31 | $12.41 | $10.28 | x |
| 2017-12-31 | $11.80 | $10.28 | x |
| 2018-12-31 | $11.71 | $10.28 | x |
| 2019-12-31 | $11.23 | $10.28 | x |
| 2020-12-31 | $10.24 | $10.28 | x |
| 2021-12-31 | $14.45 | $10.28 | x |
| 2022-12-31 | $14.22 | $10.28 | x |
| 2023-12-31 | $13.71 | $10.28 | x |
| 2024-12-31 | $15.69 | $10.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Canoe EIT Income Fund 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): 22.76%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 95.75%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.10x
- Recent ROE (22.76%) is above the historical average (7.39%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 14.78% | 175.04% | 0.07x | 1.15x | $76.39 Million |
| 2006 | -0.63% | -6.98% | 0.08x | 1.16x | $-203.51 Million |
| 2007 | 7.42% | 78.72% | 0.08x | 1.19x | $-51.82 Million |
| 2008 | -52.27% | -338.96% | 0.13x | 1.16x | $-720.87 Million |
| 2009 | 34.52% | 493.03% | 0.06x | 1.11x | $321.81 Million |
| 2010 | 21.29% | 417.46% | 0.05x | 1.10x | $178.87 Million |
| 2011 | -5.37% | -98.02% | 0.04x | 1.23x | $-198.15 Million |
| 2012 | 1.81% | 59.85% | 0.03x | 1.21x | $-92.47 Million |
| 2013 | 12.70% | 92.43% | 0.12x | 1.15x | $30.79 Million |
| 2014 | 12.14% | 93.96% | 0.11x | 1.19x | $27.65 Million |
| 2015 | -2.56% | 0.00% | -0.02x | 1.10x | $-139.60 Million |
| 2016 | 16.78% | 95.77% | 0.16x | 1.09x | $78.03 Million |
| 2017 | 5.70% | 80.79% | 0.06x | 1.22x | $-46.16 Million |
| 2018 | -6.36% | 0.00% | -0.04x | 1.31x | $-174.64 Million |
| 2019 | 13.09% | 89.32% | 0.12x | 1.25x | $39.56 Million |
| 2020 | 4.86% | 73.98% | 0.05x | 1.26x | $-63.01 Million |
| 2021 | 30.08% | 96.43% | 0.27x | 1.17x | $384.44 Million |
| 2022 | 11.77% | 91.82% | 0.11x | 1.16x | $38.48 Million |
| 2023 | 5.38% | 83.95% | 0.06x | 1.15x | $-107.29 Million |
| 2024 | 22.76% | 95.75% | 0.22x | 1.10x | $357.49 Million |
Industry Comparison
This section compares Canoe EIT Income Fund'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 |
|---|---|---|---|---|
| Canoe EIT Income Fund (ENDTF) | $2.91 Billion | 14.78% | 0.11x | $99.18K |
| 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 |