Canadian Banc Corp (BK) - Net Assets
Based on the latest financial reports, Canadian Banc Corp (BK) has net assets worth CA$452.92 Million CAD (≈ $327.63 Million USD) as of May 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$838.34 Million ≈ $606.44 Million USD) and total liabilities (CA$385.42 Million ≈ $278.81 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 BK tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$452.92 Million |
| % of Total Assets | 54.03% |
| Annual Growth Rate | 2.13% |
| 5-Year Change | 341.88% |
| 10-Year Change | 373.94% |
| Growth Volatility | 33.85 |
Canadian Banc Corp - Net Assets Trend (2005–2024)
This chart illustrates how Canadian Banc Corp's net assets have evolved over time, based on quarterly financial data. See BK defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Canadian Banc Corp (2005–2024)
The table below shows the annual net assets of Canadian Banc Corp from 2005 to 2024. For live valuation and market cap data, see market cap of Canadian Banc Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2024-11-30 | CA$425.38 Million ≈ $307.71 Million |
+79.41% |
| 2023-11-30 | CA$237.10 Million ≈ $171.51 Million |
+28.61% |
| 2022-11-30 | CA$184.35 Million ≈ $133.36 Million |
+37.76% |
| 2021-11-30 | CA$133.82 Million ≈ $96.80 Million |
+39.01% |
| 2020-11-30 | CA$96.27 Million ≈ $69.64 Million |
-23.63% |
| 2019-11-30 | CA$126.05 Million ≈ $91.18 Million |
+2.30% |
| 2018-11-30 | CA$123.21 Million ≈ $89.13 Million |
+12.23% |
| 2017-11-30 | CA$109.79 Million ≈ $79.42 Million |
+9.09% |
| 2016-11-30 | CA$100.64 Million ≈ $72.80 Million |
+12.13% |
| 2015-11-30 | CA$89.75 Million ≈ $64.93 Million |
-8.00% |
| 2014-11-30 | CA$97.56 Million ≈ $70.57 Million |
+31.87% |
| 2013-11-30 | CA$73.98 Million ≈ $53.52 Million |
+15.42% |
| 2012-11-30 | CA$64.10 Million ≈ $46.37 Million |
-15.78% |
| 2011-11-30 | CA$76.11 Million ≈ $55.06 Million |
-22.96% |
| 2010-11-30 | CA$98.80 Million ≈ $71.47 Million |
-3.43% |
| 2009-11-30 | CA$102.30 Million ≈ $74.01 Million |
+64.66% |
| 2008-11-30 | CA$62.13 Million ≈ $44.95 Million |
-77.99% |
| 2007-11-30 | CA$282.31 Million ≈ $204.22 Million |
-7.32% |
| 2006-11-30 | CA$304.60 Million ≈ $220.34 Million |
+6.93% |
| 2005-11-30 | CA$284.86 Million ≈ $206.06 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Canadian Banc Corp'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 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$425.38 Million | 100.00% |
| Total Equity | CA$425.38 Million | 100.00% |
Canadian Banc Corp Competitors by Market Cap
The table below lists competitors of Canadian Banc Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Qifeng New Material Co Ltd
SHE:002521
|
$563.03 Million |
|
Pareto Bank ASA
OL:PARB
|
$563.16 Million |
|
Bonree Data Technology Co Ltd
SHG:688229
|
$563.30 Million |
|
Kunming Yunnei Power Co Ltd
SHE:000903
|
$563.43 Million |
|
Cimentas Izmir Cimento Fabrikasi TAS
IS:CMENT
|
$562.92 Million |
|
Guangdong SACA Precision Manufacturing Co Ltd
SHE:300464
|
$562.74 Million |
|
STINGRAY GROUP INC.
F:317A
|
$562.68 Million |
|
REGAL PARTNERS LTD.
F:OC7
|
$562.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Canadian Banc Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 237,098,242 to 425,377,236, a change of 188,278,994 (79.4%).
- Net income of 185,217,000 contributed positively to equity growth.
- Dividend payments of 73,364,543 reduced retained earnings.
- Share repurchases of 85,689,346 reduced equity.
- New share issuances of 142,768,027 increased equity.
- Other factors increased equity by 19,347,856.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$185.22 Million | +43.54% |
| Dividends Paid | CA$73.36 Million | -17.25% |
| Share Repurchases | CA$85.69 Million | -20.14% |
| Share Issuances | CA$142.77 Million | +33.56% |
| Other Changes | CA$19.35 Million | +4.55% |
| Total Change | CA$- | 79.41% |
Book Value vs Market Value Analysis
This analysis compares Canadian Banc Corp'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: 1.18x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.88x to 1.18x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-11-30 | CA$18.13 | CA$15.88 | x |
| 2006-11-30 | CA$19.39 | CA$15.88 | x |
| 2007-11-30 | CA$17.97 | CA$15.88 | x |
| 2008-11-30 | CA$4.21 | CA$15.88 | x |
| 2009-11-30 | CA$8.16 | CA$15.88 | x |
| 2010-11-30 | CA$8.87 | CA$15.88 | x |
| 2011-11-30 | CA$7.01 | CA$15.88 | x |
| 2012-11-30 | CA$8.10 | CA$15.88 | x |
| 2013-11-30 | CA$10.15 | CA$15.88 | x |
| 2014-11-30 | CA$12.72 | CA$15.88 | x |
| 2015-11-30 | CA$9.96 | CA$15.88 | x |
| 2016-11-30 | CA$11.27 | CA$15.88 | x |
| 2017-11-30 | CA$12.12 | CA$15.88 | x |
| 2018-11-30 | CA$11.24 | CA$15.88 | x |
| 2019-11-30 | CA$10.33 | CA$15.88 | x |
| 2020-11-30 | CA$7.99 | CA$15.88 | x |
| 2021-11-30 | CA$11.55 | CA$15.88 | x |
| 2022-11-30 | CA$12.63 | CA$15.88 | x |
| 2023-11-30 | CA$9.63 | CA$15.88 | x |
| 2024-11-30 | CA$13.46 | CA$15.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Canadian Banc Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 43.54%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 96.41%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 1.82x
- Recent ROE (43.54%) is above the historical average (6.11%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 0.51% | 51.72% | 0.01x | 1.01x | CA$-27.04 Million |
| 2006 | 1.01% | 35.53% | 0.03x | 1.01x | CA$-27.39 Million |
| 2007 | 0.41% | 12.30% | 0.03x | 1.01x | CA$-27.08 Million |
| 2008 | -148.50% | 0.00% | -0.48x | 2.76x | CA$-98.48 Million |
| 2009 | 60.79% | 89.80% | 0.36x | 1.89x | CA$51.96 Million |
| 2010 | 12.59% | 64.46% | 0.11x | 1.84x | CA$2.56 Million |
| 2011 | -11.62% | 0.00% | -0.01x | 2.00x | CA$-16.45 Million |
| 2012 | 26.95% | 96.27% | 0.14x | 2.02x | CA$10.86 Million |
| 2013 | 30.27% | 96.75% | 0.17x | 1.83x | CA$14.99 Million |
| 2014 | 25.22% | 96.12% | 0.15x | 1.73x | CA$14.85 Million |
| 2015 | -11.56% | 0.00% | -0.05x | 1.94x | CA$-19.35 Million |
| 2016 | 27.16% | 96.57% | 0.16x | 1.80x | CA$17.27 Million |
| 2017 | 24.98% | 95.81% | 0.15x | 1.77x | CA$16.44 Million |
| 2018 | -3.93% | 0.00% | -0.02x | 1.93x | CA$-17.17 Million |
| 2019 | 17.14% | 94.68% | 0.10x | 1.90x | CA$9.01 Million |
| 2020 | -14.26% | 0.00% | -0.06x | 2.14x | CA$-23.35 Million |
| 2021 | 45.72% | 97.69% | 0.26x | 1.78x | CA$47.80 Million |
| 2022 | 1.73% | 73.86% | 0.01x | 1.92x | CA$-15.25 Million |
| 2023 | -5.86% | 0.00% | -0.02x | 2.66x | CA$-37.60 Million |
| 2024 | 43.54% | 96.41% | 0.25x | 1.82x | CA$142.68 Million |
Industry Comparison
This section compares Canadian Banc Corp's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $945,808,956
- Average return on equity (ROE) among peers: 10.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Canadian Banc Corp (BK) | CA$452.92 Million | 0.51% | 0.85x | $562.96 Million |
| Aberdeen International Inc. (AAB) | $52.57 Million | 31.52% | 0.07x | $3.49 Million |
| Base Carbon Inc. (BCBN) | $103.01 Million | -28.06% | 0.09x | $52.58 Million |
| Brookfield Corporation (BN) | $4.18 Billion | 6.97% | 0.79x | $102.06 Billion |
| Sprott Physical Gold and Silver Trust (CEF) | $1.24 Billion | 17.63% | 0.00x | $8.19 Billion |
| Canadian General Investments Ltd (CGI) | $533.40 Million | 17.99% | 0.28x | $795.13 Million |
| CI Financial Corp (CIX) | $1.61 Billion | 15.20% | 0.87x | $3.32 Billion |
| Clairvest Group Inc. (CVG) | $447.69 Million | 11.62% | 0.19x | $752.17 Million |
| Cymbria Corporation (CYB) | $317.74 Million | 0.50% | 0.02x | $1.01 Billion |
| Dividend 15 Split Corp II (DF) | $26.96 Million | 20.05% | 1.90x | $163.92 Million |
About Canadian Banc Corp
Canadian Banc Corp. is a close-ended equity mutual fund launched by Quadravest Inc. The fund is managed by Quadravest Capital Management Inc. It invests in the public equity markets of Canada. The fund invests in stocks of companies engaged in the banking sector. It benchmarks the performance of its portfolio against the S&P TSX Financial Index. The fund was formerly known as Canadian Banc Recove… Read more