High Liner Foods Incorporated
High Liner Foods Incorporated processes and markets prepared and packaged frozen seafood products in North America. The company provides a range of frozen seafood products, including raw fillets and shellfish, and cooked shellfish; and value-added products, such as sauced, glazed, breaded and battered seafood, seafood entrees, and breaded cheese sticks under the High Liner, Fisher Boy, Sea Cuisin… Read more
High Liner Foods Incorporated (HLNFF) - Net Assets
Latest net assets as of December 2025: $408.27 Million USD
Based on the latest financial reports, High Liner Foods Incorporated (HLNFF) has net assets worth $408.27 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($962.20 Million) and total liabilities ($553.94 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 | $408.27 Million |
| % of Total Assets | 42.43% |
| Annual Growth Rate | 15.63% |
| 5-Year Change | 22.78% |
| 10-Year Change | 83.27% |
| Growth Volatility | 36.42 |
High Liner Foods Incorporated - Net Assets Trend (1993–2025)
This chart illustrates how High Liner Foods Incorporated's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for High Liner Foods Incorporated (1993–2025)
The table below shows the annual net assets of High Liner Foods Incorporated from 1993 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $408.27 Million | +0.63% |
| 2024-12-31 | $405.73 Million | +5.15% |
| 2023-12-31 | $385.86 Million | +3.33% |
| 2022-12-31 | $373.42 Million | +12.30% |
| 2021-12-31 | $332.52 Million | +14.27% |
| 2020-12-31 | $291.00 Million | +8.51% |
| 2019-12-31 | $268.17 Million | +1.63% |
| 2018-12-31 | $263.86 Million | -1.86% |
| 2017-12-31 | $268.87 Million | +20.70% |
| 2016-12-31 | $222.76 Million | +11.09% |
| 2015-12-31 | $200.52 Million | +1.80% |
| 2014-12-31 | $196.97 Million | +6.67% |
| 2013-12-31 | $184.65 Million | +20.41% |
| 2012-12-31 | $153.35 Million | -3.07% |
| 2011-12-31 | $158.20 Million | +10.49% |
| 2010-12-31 | $143.18 Million | -2.64% |
| 2009-12-31 | $147.06 Million | +14.84% |
| 2008-12-31 | $128.06 Million | -3.10% |
| 2007-12-31 | $132.15 Million | +116.24% |
| 2006-12-31 | $61.12 Million | +2.20% |
| 2005-12-31 | $59.80 Million | -40.01% |
| 2004-12-31 | $99.68 Million | +6.48% |
| 2003-12-31 | $93.61 Million | +65.54% |
| 2002-12-31 | $56.55 Million | +10.05% |
| 2001-12-31 | $51.39 Million | +2.12% |
| 2000-12-31 | $50.32 Million | +4.26% |
| 1999-12-31 | $48.26 Million | +3.72% |
| 1998-12-31 | $46.53 Million | +130.41% |
| 1997-12-31 | $20.20 Million | +29.33% |
| 1996-12-31 | $15.62 Million | +17.02% |
| 1995-12-31 | $13.34 Million | +64.27% |
| 1994-12-31 | $8.12 Million | +107.31% |
| 1993-12-31 | $3.92 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to High Liner Foods Incorporated'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 42213609534.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $340.00 Million | 83.28% |
| Common Stock | $83.40 Million | 20.43% |
| Other Comprehensive Income | $-30.74 Million | -7.53% |
| Other Components | $15.60 Million | 3.82% |
| Total Equity | $408.27 Million | 100.00% |
High Liner Foods Incorporated Competitors by Market Cap
The table below lists competitors of High Liner Foods Incorporated ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Torpol S.A.
F:9ZE
|
$173.28 Million |
|
Sports Toto Berhad
KLSE:1562
|
$173.30 Million |
|
Conduent Inc
NASDAQ:CNDT
|
$173.36 Million |
|
COTGF
OTCQX:COTGF
|
$173.36 Million |
|
HL Corp Shenzhen
SHE:002105
|
$173.11 Million |
|
Cyber App Solutions Corp.
PINK:CYRB
|
$173.01 Million |
|
AMAG Austria Metall AG
VI:AMAG
|
$173.00 Million |
|
KHVATEC Co.Ltd
KQ:060720
|
$172.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in High Liner Foods Incorporated's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 405,729,000 to 408,265,663, a change of 2,536,663 (0.6%).
- Net income of 37,196,949 contributed positively to equity growth.
- Dividend payments of 14,607,309 reduced retained earnings.
- Share repurchases of 13,437,178 reduced equity.
- Other comprehensive income increased equity by 3,334,037.
- Other factors decreased equity by 9,949,836.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $37.20 Million | +9.11% |
| Dividends Paid | $14.61 Million | -3.58% |
| Share Repurchases | $13.44 Million | -3.29% |
| Other Comprehensive Income | $3.33 Million | +0.82% |
| Other Changes | $-9.95 Million | -2.44% |
| Total Change | $- | 0.63% |
Book Value vs Market Value Analysis
This analysis compares High Liner Foods Incorporated'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: 0.81x
- 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 decreased from 39.25x to 0.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | $0.28 | $11.00 | x |
| 1994-12-31 | $0.47 | $11.00 | x |
| 1995-12-31 | $0.70 | $11.00 | x |
| 1996-12-31 | $0.90 | $11.00 | x |
| 1997-12-31 | $1.13 | $11.00 | x |
| 1998-12-31 | $2.44 | $11.00 | x |
| 1999-12-31 | $2.18 | $11.00 | x |
| 2000-12-31 | $2.27 | $11.00 | x |
| 2001-12-31 | $2.40 | $11.00 | x |
| 2002-12-31 | $2.32 | $11.00 | x |
| 2003-12-31 | $4.19 | $11.00 | x |
| 2004-12-31 | $3.97 | $11.00 | x |
| 2005-12-31 | $2.83 | $11.00 | x |
| 2006-12-31 | $2.95 | $11.00 | x |
| 2007-12-31 | $6.24 | $11.00 | x |
| 2008-12-31 | $3.52 | $11.00 | x |
| 2009-12-31 | $4.00 | $11.00 | x |
| 2010-12-31 | $4.41 | $11.00 | x |
| 2011-12-31 | $5.16 | $11.00 | x |
| 2012-12-31 | $4.96 | $11.00 | x |
| 2013-12-31 | $5.92 | $11.00 | x |
| 2014-12-31 | $6.29 | $11.00 | x |
| 2015-12-31 | $6.41 | $11.00 | x |
| 2016-12-31 | $7.15 | $11.00 | x |
| 2017-12-31 | $8.27 | $11.00 | x |
| 2018-12-31 | $7.85 | $11.00 | x |
| 2019-12-31 | $7.84 | $11.00 | x |
| 2020-12-31 | $8.43 | $11.00 | x |
| 2021-12-31 | $9.47 | $11.00 | x |
| 2022-12-31 | $10.65 | $11.00 | x |
| 2023-12-31 | $11.37 | $11.00 | x |
| 2024-12-31 | $12.76 | $11.00 | x |
| 2025-12-31 | $13.66 | $11.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently High Liner Foods Incorporated 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): 9.11%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.56%
- • Asset Turnover: 1.09x
- • Equity Multiplier: 2.36x
- Recent ROE (9.11%) is above the historical average (-13.38%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | -817.31% | -15.97% | 1.94x | 26.35x | $-32.42 Million |
| 1994 | 60.71% | 2.77% | 1.76x | 12.47x | $4.05 Million |
| 1995 | 32.37% | 2.20% | 1.74x | 8.44x | $2.84 Million |
| 1996 | 17.16% | 1.38% | 1.76x | 7.06x | $1.07 Million |
| 1997 | 29.76% | 3.10% | 1.93x | 4.97x | $3.99 Million |
| 1998 | 14.53% | 3.57% | 1.29x | 3.17x | $2.11 Million |
| 1999 | -5.87% | -1.36% | 1.38x | 3.15x | $-7.66 Million |
| 2000 | 8.50% | 2.05% | 1.51x | 2.75x | $-752.32K |
| 2001 | 7.56% | 1.88% | 1.51x | 2.66x | $-1.26 Million |
| 2002 | 11.50% | 3.16% | 1.56x | 2.33x | $850.66K |
| 2003 | 37.73% | 14.50% | 1.78x | 1.46x | $25.96 Million |
| 2004 | 6.81% | 3.03% | 1.61x | 1.39x | $-3.18 Million |
| 2005 | -58.27% | -15.54% | 2.10x | 1.78x | $-40.82 Million |
| 2006 | 6.08% | 1.65% | 2.31x | 1.59x | $-2.40 Million |
| 2007 | 5.57% | 2.65% | 0.92x | 2.30x | $-5.85 Million |
| 2008 | 8.99% | 2.27% | 1.81x | 2.18x | $-1.30 Million |
| 2009 | 12.57% | 3.15% | 2.06x | 1.94x | $3.78 Million |
| 2010 | 13.81% | 3.39% | 1.85x | 2.20x | $5.45 Million |
| 2011 | 11.79% | 2.85% | 0.97x | 4.28x | $2.84 Million |
| 2012 | 1.44% | 0.23% | 1.49x | 4.12x | $-13.13 Million |
| 2013 | 16.98% | 3.31% | 1.40x | 3.66x | $12.89 Million |
| 2014 | 15.38% | 2.88% | 1.49x | 3.58x | $10.60 Million |
| 2015 | 14.75% | 2.95% | 1.45x | 3.46x | $9.53 Million |
| 2016 | 14.49% | 3.38% | 1.40x | 3.07x | $10.01 Million |
| 2017 | 11.77% | 3.00% | 1.16x | 3.38x | $4.77 Million |
| 2018 | 6.36% | 1.60% | 1.25x | 3.17x | $-9.61 Million |
| 2019 | 3.84% | 1.09% | 1.15x | 3.06x | $-16.53 Million |
| 2020 | 9.90% | 3.48% | 1.07x | 2.67x | $-298.20K |
| 2021 | 12.71% | 4.83% | 1.06x | 2.49x | $9.00 Million |
| 2022 | 14.66% | 5.12% | 1.07x | 2.69x | $17.39 Million |
| 2023 | 8.21% | 2.93% | 1.29x | 2.16x | $-6.91 Million |
| 2024 | 14.83% | 6.27% | 1.13x | 2.09x | $19.59 Million |
| 2025 | 9.11% | 3.56% | 1.09x | 2.36x | $-3.63 Million |
Industry Comparison
This section compares High Liner Foods Incorporated's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $5,681,533,529
- Average return on equity (ROE) among peers: 0.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| High Liner Foods Incorporated (HLNFF) | $408.27 Million | -817.31% | 1.36x | $173.13 Million |
| Above Food Ingredients Inc. Common Stock (ABVE) | $30.90K | -3.31% | 7.66x | $18.76 Million |
| The a2 Milk Company Limited (ACOPF) | $7.27 Million | -30.19% | 0.14x | $3.91 Billion |
| Ayujoy Herbals Ltd (AJOY) | $22.20 Million | 29.29% | 0.00x | $95.71 |
| Alfa S.A.B. de C.V (ALFFF) | $53.35 Billion | 7.36% | 3.80x | $2.16 Billion |
| Amincor Inc (AMNCB) | $34.44 Million | -63.76% | 0.81x | $2.24K |
| Armanino Foods New (AMNF) | $21.40 Million | 30.30% | 0.33x | $72.33K |
| Amira Nature Foods Ltd (ANFIF) | $303.22 Million | 8.27% | 0.89x | $128.79 |
| AAK AB (publ.) (ARHUF) | $2.44 Billion | 12.85% | 2.63x | $5.07 Billion |
| Artisan Consumer Goods Inc (ARRT) | $-326.75K | 0.00% | 0.00x | $279.39K |
| ARYZTA AG (ARZTF) | $632.10 Million | 9.58% | 2.04x | $53.13 Million |