Ag Growth International Inc (AFN) - Net Assets
Based on the latest financial reports, Ag Growth International Inc (AFN) has net assets worth CA$322.53 Million CAD (≈ $233.31 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 (CA$1.75 Billion ≈ $1.26 Billion USD) and total liabilities (CA$1.43 Billion ≈ $1.03 Billion 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 asset resilience ratio of Ag Growth International Inc to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$322.53 Million |
| % of Total Assets | 18.45% |
| Annual Growth Rate | 6.2% |
| 5-Year Change | 13.42% |
| 10-Year Change | 25.54% |
| Growth Volatility | 19.34 |
Ag Growth International Inc - Net Assets Trend (2004–2024)
This chart illustrates how Ag Growth International Inc's net assets have evolved over time, based on quarterly financial data. Also explore AFN asset base for the complete picture of this company's asset base.
Annual Net Assets for Ag Growth International Inc (2004–2024)
The table below shows the annual net assets of Ag Growth International Inc from 2004 to 2024. For live valuation and market cap data, see Ag Growth International Inc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$298.44 Million ≈ $215.89 Million |
-6.15% |
| 2023-12-31 | CA$317.98 Million ≈ $230.02 Million |
+19.69% |
| 2022-12-31 | CA$265.67 Million ≈ $192.18 Million |
-1.15% |
| 2021-12-31 | CA$268.75 Million ≈ $194.41 Million |
+2.13% |
| 2020-12-31 | CA$263.14 Million ≈ $190.35 Million |
-29.53% |
| 2019-12-31 | CA$373.39 Million ≈ $270.11 Million |
-14.00% |
| 2018-12-31 | CA$434.20 Million ≈ $314.09 Million |
+48.59% |
| 2017-12-31 | CA$292.21 Million ≈ $211.38 Million |
+19.48% |
| 2016-12-31 | CA$244.56 Million ≈ $176.91 Million |
+2.88% |
| 2015-12-31 | CA$237.72 Million ≈ $171.96 Million |
+13.35% |
| 2014-12-31 | CA$209.73 Million ≈ $151.71 Million |
+6.47% |
| 2013-12-31 | CA$196.98 Million ≈ $142.49 Million |
+3.84% |
| 2012-12-31 | CA$189.70 Million ≈ $137.22 Million |
-6.16% |
| 2011-12-31 | CA$202.16 Million ≈ $146.24 Million |
+25.79% |
| 2010-12-31 | CA$160.72 Million ≈ $116.26 Million |
-9.10% |
| 2009-12-31 | CA$176.80 Million ≈ $127.89 Million |
+40.84% |
| 2008-12-31 | CA$125.54 Million ≈ $90.81 Million |
-14.40% |
| 2007-12-31 | CA$146.65 Million ≈ $106.09 Million |
+32.16% |
| 2006-12-31 | CA$110.96 Million ≈ $80.27 Million |
+0.17% |
| 2005-12-31 | CA$110.78 Million ≈ $80.14 Million |
+23.68% |
| 2004-12-31 | CA$89.57 Million ≈ $64.79 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ag Growth International 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 27303300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$12.98 Million | 4.35% |
| Other Comprehensive Income | CA$33.44 Million | 11.20% |
| Other Components | CA$525.05 Million | 175.93% |
| Total Equity | CA$298.44 Million | 100.00% |
Ag Growth International Inc Competitors by Market Cap
The table below lists competitors of Ag Growth International Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
C4 Therapeutics Inc
NASDAQ:CCCC
|
$276.15 Million |
|
Vysarn Ltd
AU:VYS
|
$276.17 Million |
|
Eg Industries Bhd
KLSE:8907
|
$276.17 Million |
|
Trifork Holding AG
CO:TRIFOR
|
$276.29 Million |
|
Ellomay Capital Ltd
TA:ELLO
|
$276.00 Million |
|
TWFG, Inc. Class A Common Stock
NASDAQ:TWFG
|
$275.93 Million |
|
Muang Thai Insurance Public Company Limited
BK:MTI
|
$275.85 Million |
|
Bangkok Land Public Company Limited
BK:BLAND-R
|
$275.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ag Growth International Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 317,984,000 to 298,438,000, a change of -19,546,000 (-6.1%).
- Net loss of 20,082,000 reduced equity.
- Dividend payments of 11,432,000 reduced retained earnings.
- Share repurchases of 10,984,000 reduced equity.
- Other comprehensive income decreased equity by 1,661,000.
- Other factors increased equity by 24,613,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-20.08 Million | -6.73% |
| Dividends Paid | CA$11.43 Million | -3.83% |
| Share Repurchases | CA$10.98 Million | -3.68% |
| Other Comprehensive Income | CA$-1.66 Million | -0.56% |
| Other Changes | CA$24.61 Million | +8.25% |
| Total Change | CA$- | -6.15% |
Book Value vs Market Value Analysis
This analysis compares Ag Growth International 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: 1.30x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.18x to 1.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | CA$9.30 | CA$20.30 | x |
| 2005-12-31 | CA$10.26 | CA$20.30 | x |
| 2006-12-31 | CA$9.91 | CA$20.30 | x |
| 2007-12-31 | CA$12.59 | CA$20.30 | x |
| 2008-12-31 | CA$9.70 | CA$20.30 | x |
| 2009-12-31 | CA$13.14 | CA$20.30 | x |
| 2010-12-31 | CA$12.53 | CA$20.30 | x |
| 2011-12-31 | CA$16.09 | CA$20.30 | x |
| 2012-12-31 | CA$15.09 | CA$20.30 | x |
| 2013-12-31 | CA$15.41 | CA$20.30 | x |
| 2014-12-31 | CA$15.70 | CA$20.30 | x |
| 2015-12-31 | CA$17.06 | CA$20.30 | x |
| 2016-12-31 | CA$16.35 | CA$20.30 | x |
| 2017-12-31 | CA$18.09 | CA$20.30 | x |
| 2018-12-31 | CA$25.49 | CA$20.30 | x |
| 2019-12-31 | CA$19.74 | CA$20.30 | x |
| 2020-12-31 | CA$14.07 | CA$20.30 | x |
| 2021-12-31 | CA$12.28 | CA$20.30 | x |
| 2022-12-31 | CA$14.08 | CA$20.30 | x |
| 2023-12-31 | CA$14.48 | CA$20.30 | x |
| 2024-12-31 | CA$15.67 | CA$20.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ag Growth International Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -6.73%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.43%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 5.58x
- Recent ROE (-6.73%) is below the historical average (7.07%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 9.74% | 20.57% | 0.35x | 1.35x | CA$-233.46K |
| 2005 | 17.74% | 23.39% | 0.58x | 1.30x | CA$8.57 Million |
| 2006 | 17.16% | 23.36% | 0.48x | 1.53x | CA$7.95 Million |
| 2007 | 8.43% | 9.46% | 0.62x | 1.44x | CA$-2.30 Million |
| 2008 | 16.90% | 10.64% | 0.87x | 1.82x | CA$8.66 Million |
| 2009 | 25.62% | 19.09% | 0.61x | 2.19x | CA$27.62 Million |
| 2010 | 22.50% | 13.80% | 0.67x | 2.44x | CA$20.08 Million |
| 2011 | 12.13% | 8.02% | 0.78x | 1.95x | CA$4.31 Million |
| 2012 | 9.06% | 5.47% | 0.85x | 1.95x | CA$-1.78 Million |
| 2013 | 11.47% | 6.33% | 0.73x | 2.47x | CA$2.89 Million |
| 2014 | 1.95% | 1.02% | 0.89x | 2.13x | CA$-16.87 Million |
| 2015 | -10.61% | -5.61% | 0.61x | 3.11x | CA$-49.00 Million |
| 2016 | 7.89% | 3.63% | 0.63x | 3.48x | CA$-5.15 Million |
| 2017 | 12.04% | 4.66% | 0.66x | 3.89x | CA$5.97 Million |
| 2018 | 6.13% | 2.86% | 0.76x | 2.84x | CA$-16.80 Million |
| 2019 | 3.92% | 1.47% | 0.68x | 3.92x | CA$-22.71 Million |
| 2020 | -23.43% | -6.20% | 0.67x | 5.62x | CA$-87.96 Million |
| 2021 | 3.93% | 0.88% | 0.75x | 5.93x | CA$-16.32 Million |
| 2022 | -19.04% | -3.47% | 0.89x | 6.20x | CA$-77.15 Million |
| 2023 | 21.66% | 4.51% | 0.92x | 5.20x | CA$37.09 Million |
| 2024 | -6.73% | -1.43% | 0.84x | 5.58x | CA$-49.93 Million |
Industry Comparison
This section compares Ag Growth International Inc's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.
Industry Context
- Industry: Farm & Heavy Construction Machinery
- Average net assets among peers: $12,533,013
- Average return on equity (ROE) among peers: -58.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ag Growth International Inc (AFN) | CA$322.53 Million | 9.74% | 4.42x | $276.08 Million |
| CubicFarm Systems Corp (CUB) | $14.17 Million | -53.84% | 0.28x | $3.14 Million |
| GreenPower Motor Company Inc (GPV) | $11.57 Million | -158.58% | 2.91x | $12.78 Million |
| Tornado Global Hydrovacs Ltd (TGH) | $24.34 Million | 30.16% | 0.94x | $192.30 Million |
| Water Ways Technologies Inc (WWT) | $49.45K | -50.52% | 0.60x | $376.70K |
About Ag Growth International Inc
Ag Growth International Inc., together with its subsidiaries, manufactures and distributes equipment for bulk agriculture commodities worldwide. It operates through Farm and Commercial segments. The company offers grain, bolted, hopper, and smooth wall bins; temporary storage; unloads and sweeps systems; water tanks; secondary containment systems; liquid storage tanks; and accessories, as well as… Read more