Horizon Kinetics Holding Corporation
Horizon Kinetics Holding Corporation is an employee owned investment manager. The firm primarily provides its services to high net worth individuals. It also caters to individuals, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, and corporations. The firm manages separate client-focused equity and fixed income portfolios. It also manag… Read more
Horizon Kinetics Holding Corporation (HKHC) - Net Assets
Latest net assets as of September 2025: $2.06 Billion USD
Based on the latest financial reports, Horizon Kinetics Holding Corporation (HKHC) has net assets worth $2.06 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 ($2.18 Billion) and total liabilities ($118.74 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 | $2.06 Billion |
| % of Total Assets | 94.56% |
| Annual Growth Rate | 202.48% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 16661.62 |
Horizon Kinetics Holding Corporation - Net Assets Trend (2020–2024)
This chart illustrates how Horizon Kinetics Holding Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Horizon Kinetics Holding Corporation (2020–2024)
The table below shows the annual net assets of Horizon Kinetics Holding Corporation from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.88 Billion | +72.93% |
| 2023-12-31 | $1.09 Billion | +38461.06% |
| 2022-12-31 | $2.82 Million | -75.57% |
| 2021-12-31 | $11.54 Million | -48.63% |
| 2020-12-31 | $22.46 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Horizon Kinetics Holding Corporation'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 2103.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $299.06 Million | 87.92% |
| Common Stock | $1.86 Million | 0.55% |
| Other Components | $39.24 Million | 11.54% |
| Total Equity | $340.17 Million | 100.00% |
Horizon Kinetics Holding Corporation Competitors by Market Cap
The table below lists competitors of Horizon Kinetics Holding Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TCM Biotech International Corp.
TWO:4169
|
$253.04 Million |
|
Zhejiang Kaier New Materials
SHE:300234
|
$253.05 Million |
|
Fluxys Belgium
BR:FLUX
|
$253.06 Million |
|
POSCO M-TECH Co. Ltd
KQ:009520
|
$253.10 Million |
|
Unit Corporation
PINK:UNTC
|
$252.89 Million |
|
Grand Korea Leisure Co. Ltd
KO:114090
|
$252.74 Million |
|
Refrigeration Electrical Engineering Corp
VN:REE
|
$252.74 Million |
|
Bigcommerce Holdings Inc
NASDAQ:BIGC
|
$252.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Horizon Kinetics Holding Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 209,088,000 to 340,171,000, a change of 131,083,000 (62.7%).
- Net income of 92,472,000 contributed positively to equity growth.
- Dividend payments of 5,067,000 reduced retained earnings.
- Other factors increased equity by 43,678,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $92.47 Million | +27.18% |
| Dividends Paid | $5.07 Million | -1.49% |
| Other Changes | $43.68 Million | +12.84% |
| Total Change | $- | 62.69% |
Book Value vs Market Value Analysis
This analysis compares Horizon Kinetics Holding Corporation'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: 1.66x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.87x to 1.66x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $35.56 | $31.00 | x |
| 2021-12-31 | $0.91 | $31.00 | x |
| 2022-12-31 | $0.22 | $31.00 | x |
| 2023-12-31 | $11.63 | $31.00 | x |
| 2024-12-31 | $18.63 | $31.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Horizon Kinetics Holding Corporation 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): 27.18%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 161.72%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 5.96x
- Recent ROE (27.18%) is above the historical average (-78.37%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -6.90% | -5.36% | 0.86x | 1.49x | $-3.80 Million |
| 2021 | -96.10% | -37.29% | 1.43x | 1.81x | $-12.25 Million |
| 2022 | -313.87% | -297.01% | 0.28x | 3.81x | $-9.13 Million |
| 2023 | -2.15% | -9.50% | 0.04x | 5.34x | $-25.40 Million |
| 2024 | 27.18% | 161.72% | 0.03x | 5.96x | $58.45 Million |
Industry Comparison
This section compares Horizon Kinetics Holding Corporation'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 |
|---|---|---|---|---|
| Horizon Kinetics Holding Corporation (HKHC) | $2.06 Billion | -6.90% | 0.06x | $253.01 Million |
| 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 |