Winmill & Co. Incorporated
Winmill & Co. Incorporated, through its subsidiaries, provides investment management and distribution services for the mutual funds in the Midas Funds family. The company also offers investment management services for the closed end fund Foxby Corp. Winmill & Co. Incorporated was founded in 1974 and is based in Rochester, New York.
Winmill & Co. Incorporated (WNMLA) - Net Assets
Latest net assets as of September 2025: $13.96 Million USD
Based on the latest financial reports, Winmill & Co. Incorporated (WNMLA) has net assets worth $13.96 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 ($14.49 Million) and total liabilities ($524.99K). 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 | $13.96 Million |
| % of Total Assets | 96.38% |
| Annual Growth Rate | 1.76% |
| 5-Year Change | 20.86% |
| 10-Year Change | 58.49% |
| Growth Volatility | 18.13 |
Winmill & Co. Incorporated - Net Assets Trend (1985–2024)
This chart illustrates how Winmill & Co. 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 Winmill & Co. Incorporated (1985–2024)
The table below shows the annual net assets of Winmill & Co. Incorporated from 1985 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $12.62 Million | +25.82% |
| 2023-12-31 | $10.03 Million | -5.03% |
| 2022-12-31 | $10.56 Million | -5.27% |
| 2006-12-31 | $11.15 Million | +6.77% |
| 2005-12-31 | $10.44 Million | +26.31% |
| 2004-12-31 | $8.27 Million | -0.17% |
| 2003-12-31 | $8.28 Million | +4.96% |
| 2002-12-31 | $7.89 Million | +1.81% |
| 2001-12-31 | $7.75 Million | -2.67% |
| 2000-12-31 | $7.96 Million | +1.57% |
| 1999-12-31 | $7.84 Million | +56.77% |
| 1998-12-31 | $5.00 Million | +11.11% |
| 1997-12-31 | $4.50 Million | +15.38% |
| 1996-12-31 | $3.90 Million | -7.14% |
| 1995-12-31 | $4.20 Million | +7.69% |
| 1994-12-31 | $3.90 Million | -7.14% |
| 1993-12-31 | $4.20 Million | +27.27% |
| 1992-12-31 | $3.30 Million | +17.86% |
| 1991-12-31 | $2.80 Million | 0.00% |
| 1990-12-31 | $2.80 Million | -22.22% |
| 1989-12-31 | $3.60 Million | -30.77% |
| 1988-12-31 | $5.20 Million | +4.00% |
| 1987-12-31 | $5.00 Million | -24.24% |
| 1986-12-31 | $6.60 Million | +3.13% |
| 1985-12-31 | $6.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Winmill & Co. 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 841.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $7.53 Million | 59.71% |
| Common Stock | $14.19K | 0.11% |
| Other Components | $5.07 Million | 40.18% |
| Total Equity | $12.62 Million | 100.00% |
Winmill & Co. Incorporated Competitors by Market Cap
The table below lists competitors of Winmill & Co. Incorporated ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CGRA3F
SA:CGRA3F
|
$41.94K |
|
ALMAWAVE SPA
F:101
|
$41.94K |
|
Sharing Economy International Inc
PINK:SEII
|
$41.94K |
|
Sapphire Textile Mills Ltd
KAR:SAPT
|
$41.96K |
|
207490
KO:207490
|
$41.88K |
|
FANDIFI TECHNOLOGY CORP.
F:TQ4
|
$41.87K |
|
SMARTWORKS
NSE:SMARTWORKS
|
$41.86K |
|
UGPA3F
SA:UGPA3F
|
$41.85K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Winmill & Co. Incorporated's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,028,841 to 12,618,659, a change of 2,589,818 (25.8%).
- Net income of 2,589,818 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.59 Million | +20.52% |
| Total Change | $- | 25.82% |
Book Value vs Market Value Analysis
This analysis compares Winmill & Co. 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: 0.48x
- 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 1.06x to 0.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $4.00 | $4.25 | x |
| 1986-12-31 | $4.95 | $4.25 | x |
| 1987-12-31 | $3.38 | $4.25 | x |
| 1988-12-31 | $3.33 | $4.25 | x |
| 1989-12-31 | $2.74 | $4.25 | x |
| 1990-12-31 | $2.16 | $4.25 | x |
| 1991-12-31 | $1.96 | $4.25 | x |
| 1992-12-31 | $2.31 | $4.25 | x |
| 1993-12-31 | $2.43 | $4.25 | x |
| 1994-12-31 | $2.34 | $4.25 | x |
| 1995-12-31 | $2.71 | $4.25 | x |
| 1996-12-31 | $2.99 | $4.25 | x |
| 1997-12-31 | $2.76 | $4.25 | x |
| 1998-12-31 | $3.44 | $4.25 | x |
| 1999-12-31 | $4.66 | $4.25 | x |
| 2000-12-31 | $4.80 | $4.25 | x |
| 2001-12-31 | $4.69 | $4.25 | x |
| 2002-12-31 | $4.78 | $4.25 | x |
| 2003-12-31 | $5.08 | $4.25 | x |
| 2004-12-31 | $5.48 | $4.25 | x |
| 2005-12-31 | $6.78 | $4.25 | x |
| 2006-12-31 | $7.54 | $4.25 | x |
| 2022-12-31 | $7.44 | $4.25 | x |
| 2023-12-31 | $7.07 | $4.25 | x |
| 2024-12-31 | $8.89 | $4.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Winmill & Co. 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): 20.52%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 65.33%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.03x
- Recent ROE (20.52%) is above the historical average (1.45%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 6.25% | 13.33% | 0.38x | 1.22x | $-240.00K |
| 1986 | -9.09% | -10.53% | 0.69x | 1.26x | $-1.26 Million |
| 1987 | -32.00% | -23.19% | 1.17x | 1.18x | $-2.10 Million |
| 1988 | 9.62% | 7.25% | 1.17x | 1.13x | $-20.00K |
| 1989 | -41.67% | -24.59% | 1.45x | 1.17x | $-1.86 Million |
| 1990 | -25.00% | -13.46% | 1.63x | 1.14x | $-980.00K |
| 1991 | -3.57% | -1.92% | 1.63x | 1.14x | $-380.00K |
| 1992 | -3.03% | -1.89% | 1.39x | 1.15x | $-430.00K |
| 1993 | 13.16% | 8.06% | 1.32x | 1.24x | $120.00K |
| 1994 | 2.56% | 1.79% | 1.33x | 1.08x | $-290.00K |
| 1995 | 4.76% | 3.92% | 1.02x | 1.19x | $-220.00K |
| 1996 | -7.69% | -4.11% | 1.70x | 1.10x | $-690.00K |
| 1997 | 13.33% | 8.82% | 1.42x | 1.07x | $150.00K |
| 1998 | 12.00% | 17.65% | 0.64x | 1.06x | $100.00K |
| 1999 | 32.26% | 76.60% | 0.33x | 1.29x | $1.74 Million |
| 2000 | 6.38% | 12.21% | 0.50x | 1.05x | $-287.86K |
| 2001 | -2.57% | -10.42% | 0.24x | 1.04x | $-973.95K |
| 2002 | 1.74% | 7.58% | 0.22x | 1.03x | $-651.58K |
| 2003 | 8.82% | 27.05% | 0.30x | 1.08x | $-97.39K |
| 2004 | 0.68% | 3.55% | 0.17x | 1.10x | $-770.42K |
| 2005 | 20.66% | 39.93% | 0.39x | 1.33x | $1.11 Million |
| 2006 | 4.88% | 23.45% | 0.17x | 1.22x | $-571.27K |
| 2022 | 8.61% | 129.86% | 0.06x | 1.02x | $-146.29K |
| 2023 | -5.30% | -75.18% | 0.07x | 1.02x | $-1.53 Million |
| 2024 | 20.52% | 65.33% | 0.30x | 1.03x | $1.33 Million |
Industry Comparison
This section compares Winmill & Co. Incorporated'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 |
|---|---|---|---|---|
| Winmill & Co. Incorporated (WNMLA) | $13.96 Million | 6.25% | 0.04x | $41.93K |
| 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 |