Adcore Inc (ADCO) - Net Assets
Based on the latest financial reports, Adcore Inc (ADCO) has net assets worth CA$7.48 Million CAD (≈ $5.41 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 (CA$15.71 Million ≈ $11.37 Million USD) and total liabilities (CA$8.23 Million ≈ $5.95 Million USD). 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. Check ADCO tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$7.48 Million |
| % of Total Assets | 47.61% |
| Annual Growth Rate | N/A |
| 5-Year Change | -38.65% |
| 10-Year Change | N/A |
| Growth Volatility | 129.13 |
Adcore Inc - Net Assets Trend (2017–2025)
This chart illustrates how Adcore Inc's net assets have evolved over time, based on quarterly financial data. See Adcore Inc (ADCO) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Adcore Inc (2017–2025)
The table below shows the annual net assets of Adcore Inc from 2017 to 2025. For live valuation and market cap data, see ADCO market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$7.48 Million ≈ $5.41 Million |
-10.53% |
| 2024-12-31 | CA$8.36 Million ≈ $6.05 Million |
-5.76% |
| 2023-12-31 | CA$8.87 Million ≈ $6.42 Million |
-8.85% |
| 2022-12-31 | CA$9.73 Million ≈ $7.04 Million |
-20.18% |
| 2021-12-31 | CA$12.20 Million ≈ $8.82 Million |
+77.12% |
| 2020-12-31 | CA$6.88 Million ≈ $4.98 Million |
+23.34% |
| 2019-12-31 | CA$5.58 Million ≈ $4.04 Million |
+367.60% |
| 2018-12-31 | CA$1.19 Million ≈ $863.55K |
+39792366.67% |
| 2017-12-31 | CA$-3.00 ≈ $-2.17 |
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Equity Component Analysis
This analysis shows how different components contribute to Adcore Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 276295882.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Comprehensive Income | CA$-69.87K | -0.93% |
| Other Components | CA$10.31 Million | 137.87% |
| Total Equity | CA$7.48 Million | 100.00% |
Adcore Inc Competitors by Market Cap
The table below lists competitors of Adcore Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Straits Inter Logistics Bhd
KLSE:0080
|
$7.49 Million |
|
Lekoil Limited
F:L5K
|
$7.49 Million |
|
Worksport Ltd
NASDAQ:WKSP
|
$7.50 Million |
|
Hemostemix Inc
V:HEM
|
$7.50 Million |
|
Synlogic Inc
NASDAQ:SYBX
|
$7.49 Million |
|
Lombard et Medot SA
PA:MLCAC
|
$7.48 Million |
|
Mcnally Bharat Engineering Company Limited
NSE:MBECL
|
$7.48 Million |
|
Vital Energy Inc
V:VUX
|
$7.48 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Adcore Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,362,000 to 7,481,360, a change of -880,640 (-10.5%).
- Net loss of 984,945 reduced equity.
- Share repurchases of 2,000 reduced equity.
- Other comprehensive income increased equity by 1,128.
- Other factors increased equity by 105,177.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-984.95K | -13.17% |
| Share Repurchases | CA$2.00K | -0.03% |
| Other Comprehensive Income | CA$1.13K | +0.02% |
| Other Changes | CA$105.18K | +1.41% |
| Total Change | CA$- | -10.53% |
Book Value vs Market Value Analysis
This analysis compares Adcore 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: 1.38x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CA$0.00 | CA$0.17 | x |
| 2018-12-31 | CA$1.08 | CA$0.17 | x |
| 2019-12-31 | CA$0.11 | CA$0.17 | x |
| 2020-12-31 | CA$0.11 | CA$0.17 | x |
| 2021-12-31 | CA$0.20 | CA$0.17 | x |
| 2022-12-31 | CA$0.16 | CA$0.17 | x |
| 2023-12-31 | CA$0.15 | CA$0.17 | x |
| 2024-12-31 | CA$0.14 | CA$0.17 | x |
| 2025-12-31 | CA$0.12 | CA$0.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Adcore 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): -13.17%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.06%
- • Asset Turnover: 1.54x
- • Equity Multiplier: 2.10x
- Recent ROE (-13.17%) is below the historical average (-4.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.00% | 10.14% | 253.43x | 0.00x | CA$1.02 Million |
| 2018 | -17.83% | -2611.20% | 0.01x | 1.01x | CA$-332.28K |
| 2019 | 23.61% | 11.66% | 1.46x | 1.39x | CA$759.80K |
| 2020 | 9.41% | 3.81% | 1.33x | 1.85x | CA$-40.50K |
| 2021 | -2.27% | -0.99% | 1.62x | 1.42x | CA$-1.50 Million |
| 2022 | -22.96% | -11.35% | 1.35x | 1.49x | CA$-3.21 Million |
| 2023 | -10.64% | -4.08% | 1.60x | 1.63x | CA$-1.83 Million |
| 2024 | -6.47% | -2.28% | 1.46x | 1.95x | CA$-1.38 Million |
| 2025 | -13.17% | -4.06% | 1.54x | 2.10x | CA$-1.73 Million |
Industry Comparison
This section compares Adcore Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $18,506,471
- Average return on equity (ROE) among peers: -36.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Adcore Inc (ADCO) | CA$7.48 Million | 0.00% | 1.10x | $7.49 Million |
| Abaxx Technologies Inc (ABXX) | $42.88 Million | -22.46% | 0.14x | $956.93 Million |
| AnalytixInsight Inc (ALY) | $3.31 Million | -104.53% | 0.25x | $1.76 Million |
| Agereh Technologies Inc (AUTO) | $-5.69 Million | 0.00% | 0.00x | $3.75 Million |
| Acceleware Ltd (AXE) | $2.15 Million | -4.58% | 1.86x | $12.42 Million |
| BLUERUSH Media Group Corp (BTV) | $556.80K | -293.94% | 3.48x | $356.37K |
| Boardwalktech Software Corp (BWLK) | $-1.59 Million | 0.00% | 0.00x | $2.54 Million |
| Computer Modelling Group Ltd. (CMG) | $27.66 Million | 60.07% | 0.74x | $220.23 Million |
| Constellation Software Inc. (CSU) | $89.00 Million | 12.48% | 2.03x | $44.16 Billion |
| NamSys Inc (CTZ) | $8.26 Million | 25.30% | 0.12x | $21.95 Million |
About Adcore Inc
Adcore Inc. operates as a media and marketing technology company worldwide. The company offers Feeditor for creating and editing feeds; Feeditor Plus+ for enterprise e-commerce businesses; Views, a search engine marketing solution; Views Cockpit, a platform for an overview of Microsoft Advertising account data; Semdoc, an account auditing tool; and Effortless Feed, a marketing solution for Shopif… Read more