Pender Growth Fund Inc
Pender Growth Fund Inc. specializes in later stage, special situations, and restructuring investments. The fund also provides expansion capital and invests in small caps and Eligible Small Businesses (ESBs). It seeks to invest in illiquid public and private companies in information technology, communications, life sciences, and proprietary technologies sectors and undervalued technology companies… Read more
Pender Growth Fund Inc (PNDDF) - Net Assets
Latest net assets as of September 2025: $123.11 Million USD
Based on the latest financial reports, Pender Growth Fund Inc (PNDDF) has net assets worth $123.11 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($123.80 Million) and total liabilities ($691.71K). 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 | $123.11 Million |
| % of Total Assets | 99.44% |
| Annual Growth Rate | 11.29% |
| 5-Year Change | 160.47% |
| 10-Year Change | 766.9% |
| Growth Volatility | 83.88 |
Pender Growth Fund Inc - Net Assets Trend (2008–2024)
This chart illustrates how Pender Growth Fund Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Pender Growth Fund Inc (2008–2024)
The table below shows the annual net assets of Pender Growth Fund Inc from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $123.08 Million | +76.12% |
| 2023-12-31 | $69.89 Million | -0.50% |
| 2022-12-31 | $70.24 Million | -64.64% |
| 2021-12-31 | $198.64 Million | +320.37% |
| 2020-12-31 | $47.25 Million | +39.23% |
| 2019-12-31 | $33.94 Million | +97.26% |
| 2018-12-31 | $17.21 Million | -7.97% |
| 2017-12-31 | $18.70 Million | +3.32% |
| 2016-12-31 | $18.10 Million | +27.45% |
| 2015-12-31 | $14.20 Million | +1.15% |
| 2014-12-31 | $14.04 Million | +9.12% |
| 2013-12-31 | $12.86 Million | -3.71% |
| 2012-12-31 | $13.36 Million | -5.67% |
| 2011-12-31 | $14.16 Million | -17.21% |
| 2010-12-31 | $17.11 Million | -18.18% |
| 2009-12-31 | $20.91 Million | -5.97% |
| 2008-12-31 | $22.24 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pender Growth Fund Inc'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 11411128800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $109.30 Million | 88.80% |
| Common Stock | $13.78 Million | 11.20% |
| Total Equity | $123.08 Million | 100.00% |
Pender Growth Fund Inc Competitors by Market Cap
The table below lists competitors of Pender Growth Fund Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KORAMCO The One REIT
KO:417310
|
$61.67K |
|
Regenbogen AG
F:RGB
|
$61.68K |
|
Gudeng Equipment Co., LTD.
TWO:6953
|
$61.69K |
|
KARO INVEST a.s.
PR:KARIN
|
$61.76K |
|
REGENBOGEN (RGB.SG)
STU:RGB
|
$61.60K |
|
Indus Motor Company Ltd
KAR:INDU
|
$61.58K |
|
REGENBOGEN - Dusseldorf Stock Exchang
DU:RGB
|
$61.58K |
|
Winners
KQ:479960
|
$61.50K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pender Growth Fund Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 69,886,178 to 123,081,507, a change of 53,195,329 (76.1%).
- Net income of 55,473,592 contributed positively to equity growth.
- Share repurchases of 2,303,971 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $55.47 Million | +45.07% |
| Share Repurchases | $2.30 Million | -1.87% |
| Other Changes | $25.71K | +0.02% |
| Total Change | $- | 76.12% |
Book Value vs Market Value Analysis
This analysis compares Pender Growth Fund Inc'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: 0.40x
- 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 1.05x to 0.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | $6.49 | $6.78 | x |
| 2009-12-31 | $5.77 | $6.78 | x |
| 2010-12-31 | $2.96 | $6.78 | x |
| 2011-12-31 | $2.07 | $6.78 | x |
| 2012-12-31 | $2.03 | $6.78 | x |
| 2013-12-31 | $1.96 | $6.78 | x |
| 2014-12-31 | $2.38 | $6.78 | x |
| 2015-12-31 | $2.69 | $6.78 | x |
| 2016-12-31 | $4.34 | $6.78 | x |
| 2017-12-31 | $4.49 | $6.78 | x |
| 2018-12-31 | $4.14 | $6.78 | x |
| 2019-12-31 | $5.15 | $6.78 | x |
| 2020-12-31 | $5.99 | $6.78 | x |
| 2021-12-31 | $25.99 | $6.78 | x |
| 2022-12-31 | $9.26 | $6.78 | x |
| 2023-12-31 | $9.29 | $6.78 | x |
| 2024-12-31 | $16.90 | $6.78 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pender Growth Fund Inc 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): 45.07%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 103.01%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.01x
- Recent ROE (45.07%) is above the historical average (0.73%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -25.52% | -1574.91% | 0.02x | 1.01x | $-7.90 Million |
| 2009 | -4.16% | -632.50% | 0.01x | 1.01x | $-2.96 Million |
| 2010 | -23.63% | -1061.47% | 0.02x | 1.01x | $-5.75 Million |
| 2011 | -10.99% | -350.46% | 0.03x | 1.01x | $-2.97 Million |
| 2012 | -6.92% | 0.00% | -0.04x | 1.01x | $-2.26 Million |
| 2013 | 26.15% | 90.98% | 0.29x | 1.01x | $2.08 Million |
| 2014 | 8.12% | 78.31% | 0.10x | 1.01x | $-264.36K |
| 2015 | 21.89% | 91.46% | 0.24x | 1.01x | $1.68 Million |
| 2016 | 54.71% | 93.79% | 0.58x | 1.01x | $8.06 Million |
| 2017 | 3.19% | 66.80% | 0.05x | 1.01x | $-1.27 Million |
| 2018 | -8.28% | 0.00% | -0.06x | 1.03x | $-3.15 Million |
| 2019 | 6.10% | 82.22% | 0.07x | 1.01x | $-1.32 Million |
| 2020 | 30.63% | 98.06% | 0.30x | 1.02x | $9.75 Million |
| 2021 | 76.57% | 116.27% | 0.58x | 1.14x | $132.23 Million |
| 2022 | -182.01% | 0.00% | -1.51x | 1.09x | $-134.86 Million |
| 2023 | 1.47% | 14.16% | 0.10x | 1.07x | $-5.96 Million |
| 2024 | 45.07% | 103.01% | 0.43x | 1.01x | $43.17 Million |
Industry Comparison
This section compares Pender Growth Fund Inc'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 |
|---|---|---|---|---|
| Pender Growth Fund Inc (PNDDF) | $123.11 Million | -25.52% | 0.01x | $61.66K |
| 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 |