Taiga Building Products Ltd
Taiga Building Products Ltd. operates as a wholesale distributor of building products in Canada and the United States. The company offers dimension lumber; panel products, such as plywood, particle board, and oriented strand board products; and allied and treated products, including roofing materials, moldings, and composite decking and polyethylene sheeting products, as well as batt and foam ins… Read more
Taiga Building Products Ltd (TGAFF) - Net Assets
Latest net assets as of September 2025: $308.35 Million USD
Based on the latest financial reports, Taiga Building Products Ltd (TGAFF) has net assets worth $308.35 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 ($561.46 Million) and total liabilities ($253.11 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 | $308.35 Million |
| % of Total Assets | 54.92% |
| Annual Growth Rate | 8.64% |
| 5-Year Change | 121.64% |
| 10-Year Change | N/A |
| Growth Volatility | 54.92 |
Taiga Building Products Ltd - Net Assets Trend (1999–2024)
This chart illustrates how Taiga Building Products Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Taiga Building Products Ltd (1999–2024)
The table below shows the annual net assets of Taiga Building Products Ltd from 1999 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $454.40 Million | +14.92% |
| 2023-12-31 | $395.42 Million | +8.86% |
| 2022-12-31 | $363.25 Million | +36.02% |
| 2021-12-31 | $267.06 Million | +30.26% |
| 2020-12-31 | $205.02 Million | +46.77% |
| 2019-12-31 | $139.68 Million | +18.07% |
| 2018-12-31 | $118.31 Million | +23.44% |
| 2017-12-31 | $95.84 Million | +636.28% |
| 2016-12-31 | $-17.87 Million | +32.67% |
| 2015-12-31 | $-26.54 Million | +31.80% |
| 2014-12-31 | $-38.92 Million | +26.94% |
| 2013-12-31 | $-53.27 Million | +11.86% |
| 2012-12-31 | $-60.44 Million | +14.08% |
| 2011-12-31 | $-70.34 Million | +11.51% |
| 2010-12-31 | $-79.49 Million | +1.26% |
| 2009-12-31 | $-80.50 Million | +9.89% |
| 2008-12-31 | $-89.34 Million | +0.84% |
| 2007-12-31 | $-90.10 Million | -8.59% |
| 2006-12-31 | $-82.97 Million | -1.36% |
| 2005-12-31 | $-81.86 Million | -180.95% |
| 2004-12-31 | $101.13 Million | +28.19% |
| 2003-12-31 | $78.89 Million | +13.50% |
| 2002-12-31 | $69.50 Million | +9.99% |
| 2001-12-31 | $63.19 Million | +8.89% |
| 2000-12-31 | $58.03 Million | +1.51% |
| 1999-12-31 | $57.17 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Taiga Building Products Ltd'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 592.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $312.94 Million | 68.87% |
| Common Stock | $122.48 Million | 26.95% |
| Other Comprehensive Income | $18.98 Million | 4.18% |
| Total Equity | $454.40 Million | 100.00% |
Taiga Building Products Ltd Competitors by Market Cap
The table below lists competitors of Taiga Building Products Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NWF GROUP PLC LS-25
F:NYY
|
$74.58 Million |
|
D4t4 Solutions Plc
PINK:DFORF
|
$74.61 Million |
|
BRANICKS Group AG
F:BRNK
|
$74.61 Million |
|
Summit State Bank
NASDAQ:SSBI
|
$74.61 Million |
|
Hotron Precision Electronic Industrial Co Ltd
TW:3092
|
$74.55 Million |
|
EM Systems Co. Ltd
F:EMO
|
$74.55 Million |
|
Givex Information Technology Group Limited
OTCQX:GIVXF
|
$74.50 Million |
|
Argonaut Exploration Inc.
V:AGA
|
$74.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taiga Building Products Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 395,418,000 to 454,396,000, a change of 58,978,000 (14.9%).
- Net income of 47,613,000 contributed positively to equity growth.
- Share repurchases of 32,000 reduced equity.
- Other comprehensive income increased equity by 11,397,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $47.61 Million | +10.48% |
| Share Repurchases | $32.00K | -0.01% |
| Other Comprehensive Income | $11.40 Million | +2.51% |
| Total Change | $- | 14.92% |
Book Value vs Market Value Analysis
This analysis compares Taiga Building Products Ltd'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: 0.64x
- 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 0.18x to 0.64x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | $14.98 | $2.68 | x |
| 2000-12-31 | $15.18 | $2.68 | x |
| 2001-12-31 | $8.10 | $2.68 | x |
| 2002-12-31 | $8.97 | $2.68 | x |
| 2003-12-31 | $9.91 | $2.68 | x |
| 2004-12-31 | $12.70 | $2.68 | x |
| 2005-12-31 | $-2.55 | $2.68 | x |
| 2006-12-31 | $-2.58 | $2.68 | x |
| 2007-12-31 | $-2.80 | $2.68 | x |
| 2008-12-31 | $-2.77 | $2.68 | x |
| 2009-12-31 | $-2.48 | $2.68 | x |
| 2010-12-31 | $-2.45 | $2.68 | x |
| 2011-12-31 | $-2.17 | $2.68 | x |
| 2012-12-31 | $-1.86 | $2.68 | x |
| 2013-12-31 | $-1.64 | $2.68 | x |
| 2014-12-31 | $-1.20 | $2.68 | x |
| 2015-12-31 | $-0.82 | $2.68 | x |
| 2016-12-31 | $-0.55 | $2.68 | x |
| 2017-12-31 | $2.07 | $2.68 | x |
| 2018-12-31 | $1.02 | $2.68 | x |
| 2019-12-31 | $1.22 | $2.68 | x |
| 2020-12-31 | $1.86 | $2.68 | x |
| 2021-12-31 | $2.46 | $2.68 | x |
| 2022-12-31 | $3.36 | $2.68 | x |
| 2023-12-31 | $3.66 | $2.68 | x |
| 2024-12-31 | $4.21 | $2.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taiga Building Products Ltd 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): 10.48%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.91%
- • Asset Turnover: 2.36x
- • Equity Multiplier: 1.53x
- Recent ROE (10.48%) is above the historical average (8.55%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 10.61% | 0.67% | 3.74x | 4.23x | $351.56K |
| 2000 | 1.45% | 0.11% | 3.92x | 3.48x | $-4.96 Million |
| 2001 | 9.88% | 0.73% | 3.93x | 3.44x | $-75.33K |
| 2002 | 11.26% | 0.86% | 3.48x | 3.77x | $878.37K |
| 2003 | 13.35% | 0.97% | 3.56x | 3.85x | $2.65 Million |
| 2004 | 26.37% | 2.01% | 4.00x | 3.28x | $16.55 Million |
| 2005 | 0.00% | 0.03% | 3.89x | 0.00x | $8.58 Million |
| 2006 | 0.00% | 0.37% | 3.60x | 0.00x | $12.39 Million |
| 2007 | 0.00% | 0.22% | 3.35x | 0.00x | $11.24 Million |
| 2008 | 0.00% | 0.02% | 3.83x | 0.00x | $9.13 Million |
| 2009 | 0.00% | 1.29% | 3.23x | 0.00x | $20.03 Million |
| 2010 | 0.00% | 0.42% | 3.53x | 0.00x | $11.95 Million |
| 2011 | 0.00% | 0.38% | 3.25x | 0.00x | $10.76 Million |
| 2012 | 0.00% | 0.92% | 3.27x | 0.00x | $16.48 Million |
| 2013 | 0.00% | 0.43% | 3.78x | 0.00x | $10.40 Million |
| 2014 | 0.00% | 0.82% | 3.88x | 0.00x | $14.97 Million |
| 2015 | 0.00% | 0.86% | 4.46x | 0.00x | $14.37 Million |
| 2016 | 0.00% | 0.65% | 3.78x | 0.00x | $9.78 Million |
| 2017 | -5.82% | -0.38% | 5.45x | 2.83x | $-15.17 Million |
| 2018 | 17.13% | 1.40% | 4.45x | 2.76x | $8.44 Million |
| 2019 | 18.55% | 1.99% | 3.29x | 2.83x | $11.94 Million |
| 2020 | 34.55% | 4.46% | 3.35x | 2.31x | $50.32 Million |
| 2021 | 34.71% | 4.18% | 3.81x | 2.18x | $65.98 Million |
| 2022 | 24.40% | 4.04% | 3.55x | 1.70x | $52.30 Million |
| 2023 | 15.50% | 3.65% | 2.69x | 1.58x | $21.76 Million |
| 2024 | 10.48% | 2.91% | 2.36x | 1.53x | $2.17 Million |
Industry Comparison
This section compares Taiga Building Products Ltd's net assets metrics with peer companies in the Industrial Distribution industry.
Industry Context
- Industry: Industrial Distribution
- Average net assets among peers: $916,275,000
- Average return on equity (ROE) among peers: 8.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taiga Building Products Ltd (TGAFF) | $308.35 Million | 10.61% | 0.82x | $74.57 Million |
| Addtech AB (publ.) (ADDHY) | $3.08 Billion | 28.02% | 1.77x | $4.34 Billion |
| Andritz AG (ADRZF) | $1.33 Billion | 19.84% | 3.73x | $4.12 Billion |
| Applied Industrial Technologies (AIT) | $932.55 Million | 15.52% | 1.44x | $9.65 Billion |
| Beacon Roofing Supply Inc (BECN) | $26.57 Million | -1.42% | 8.92x | $7.71 Billion |
| BlueLinx Holdings Inc (BXC) | $141.49 Million | 18.31% | 7.04x | $335.15 Million |
| CD International Enterprises Inc (CDIIQ) | $64.33 Million | 0.00% | 0.25x | $7.73K |
| Core & Main Inc (CNM) | $801.00 Million | 4.62% | 3.90x | $9.10 Billion |
| Doman Building Materials Group Ltd (CWXZF) | $497.71 Million | 21.40% | 2.09x | $403.14 Million |
| Now Inc (DNOW) | $1.40 Billion | -35.78% | 0.31x | $1.15 Billion |
| Diploma PLC (DPMAY) | $894.70 Million | 14.45% | 0.98x | $10.23 Billion |