CI Financial Corp (CIX) - Net Assets
Based on the latest financial reports, CI Financial Corp (CIX) has net assets worth CA$482.15 Million CAD (≈ $348.78 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$11.01 Billion ≈ $7.97 Billion USD) and total liabilities (CA$10.53 Billion ≈ $7.62 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 CI Financial Corp 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$482.15 Million |
| % of Total Assets | 4.38% |
| Annual Growth Rate | 7.39% |
| 5-Year Change | -74.62% |
| 10-Year Change | -78.36% |
| Growth Volatility | 183.6 |
CI Financial Corp - Net Assets Trend (1996–2024)
This chart illustrates how CI Financial Corp's net assets have evolved over time, based on quarterly financial data. See how many days can CI Financial Corp fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for CI Financial Corp (1996–2024)
The table below shows the annual net assets of CI Financial Corp from 1996 to 2024. For live valuation and market cap data, see market value of CI Financial Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$410.53 Million ≈ $296.97 Million |
-60.53% |
| 2023-12-31 | CA$1.04 Billion ≈ $752.35 Million |
-35.94% |
| 2022-12-31 | CA$1.62 Billion ≈ $1.17 Billion |
+0.49% |
| 2021-12-31 | CA$1.62 Billion ≈ $1.17 Billion |
-0.13% |
| 2020-12-31 | CA$1.62 Billion ≈ $1.17 Billion |
+7.89% |
| 2019-12-31 | CA$1.50 Billion ≈ $1.08 Billion |
+4.64% |
| 2018-12-31 | CA$1.43 Billion ≈ $1.04 Billion |
-30.41% |
| 2017-12-31 | CA$2.06 Billion ≈ $1.49 Billion |
+17.80% |
| 2016-12-31 | CA$1.75 Billion ≈ $1.26 Billion |
-7.85% |
| 2015-12-31 | CA$1.90 Billion ≈ $1.37 Billion |
-0.50% |
| 2014-12-31 | CA$1.91 Billion ≈ $1.38 Billion |
+4.54% |
| 2013-12-31 | CA$1.82 Billion ≈ $1.32 Billion |
+8.81% |
| 2012-12-31 | CA$1.68 Billion ≈ $1.21 Billion |
+3.44% |
| 2011-12-31 | CA$1.62 Billion ≈ $1.17 Billion |
+0.41% |
| 2010-12-31 | CA$1.61 Billion ≈ $1.17 Billion |
+0.17% |
| 2009-12-31 | CA$1.61 Billion ≈ $1.17 Billion |
+0.58% |
| 2008-12-31 | CA$1.60 Billion ≈ $1.16 Billion |
+10.41% |
| 2007-12-31 | CA$1.45 Billion ≈ $1.05 Billion |
+5.80% |
| 2006-12-31 | CA$1.37 Billion ≈ $991.85 Million |
-11.25% |
| 2005-12-31 | CA$1.54 Billion ≈ $1.12 Billion |
+4.90% |
| 2004-12-31 | CA$1.47 Billion ≈ $1.07 Billion |
-4.16% |
| 2003-12-31 | CA$1.54 Billion ≈ $1.11 Billion |
+141.79% |
| 2002-12-31 | CA$635.55 Million ≈ $459.75 Million |
+960.41% |
| 2001-12-31 | CA$59.93 Million ≈ $43.36 Million |
-77.33% |
| 2000-12-31 | CA$264.42 Million ≈ $191.27 Million |
-10.38% |
| 1999-12-31 | CA$295.05 Million ≈ $213.43 Million |
+133.00% |
| 1998-12-31 | CA$126.63 Million ≈ $91.60 Million |
-9.65% |
| 1997-12-31 | CA$140.16 Million ≈ $101.39 Million |
+151.17% |
| 1996-12-31 | CA$55.80 Million ≈ $40.36 Million |
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Equity Component Analysis
This analysis shows how different components contribute to CI Financial 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 4785.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$1.37 Billion | 335.76% |
| Other Components | CA$141.00 Million | 34.46% |
| Total Equity | CA$409.17 Million | 100.00% |
CI Financial Corp Competitors by Market Cap
The table below lists competitors of CI Financial Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Trigano S.A.
PA:TRI
|
$3.32 Billion |
|
Nickel Industries Ltd
AU:NIC
|
$3.32 Billion |
|
Tian Di Science & Technology Co Ltd
SHG:600582
|
$3.32 Billion |
|
Merdeka Copper Gold PT
JK:MDKA
|
$3.32 Billion |
|
Tonghua Golden-Horse Pharmaceutical Industry Co Ltd
SHE:000766
|
$3.32 Billion |
|
BankUnited Inc
NYSE:BKU
|
$3.31 Billion |
|
Elecnor S.A
MC:ENO
|
$3.31 Billion |
|
Secure Energy Services Inc.
TO:SES
|
$3.31 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CI Financial Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,027,762,000 to 409,170,000, a change of -618,592,000 (-60.2%).
- Net loss of 411,049,000 reduced equity.
- Dividend payments of 120,053,000 reduced retained earnings.
- Share repurchases of 243,103,000 reduced equity.
- New share issuances of 1,007,000 increased equity.
- Other comprehensive income decreased equity by 10,683,000.
- Other factors increased equity by 165,289,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-411.05 Million | -100.46% |
| Dividends Paid | CA$120.05 Million | -29.34% |
| Share Repurchases | CA$243.10 Million | -59.41% |
| Share Issuances | CA$1.01 Million | +0.25% |
| Other Comprehensive Income | CA$-10.68 Million | -2.61% |
| Other Changes | CA$165.29 Million | +40.4% |
| Total Change | CA$- | -60.19% |
Book Value vs Market Value Analysis
This analysis compares CI Financial 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: 11.03x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 77.80x to 11.03x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | CA$0.41 | CA$31.99 | x |
| 1997-12-31 | CA$0.94 | CA$31.99 | x |
| 1998-12-31 | CA$0.87 | CA$31.99 | x |
| 1999-12-31 | CA$1.40 | CA$31.99 | x |
| 2000-12-31 | CA$1.36 | CA$31.99 | x |
| 2001-12-31 | CA$0.32 | CA$31.99 | x |
| 2002-12-31 | CA$2.76 | CA$31.99 | x |
| 2003-12-31 | CA$5.69 | CA$31.99 | x |
| 2004-12-31 | CA$4.99 | CA$31.99 | x |
| 2005-12-31 | CA$5.40 | CA$31.99 | x |
| 2006-12-31 | CA$4.85 | CA$31.99 | x |
| 2007-12-31 | CA$5.12 | CA$31.99 | x |
| 2008-12-31 | CA$5.71 | CA$31.99 | x |
| 2009-12-31 | CA$5.49 | CA$31.99 | x |
| 2010-12-31 | CA$5.56 | CA$31.99 | x |
| 2011-12-31 | CA$5.62 | CA$31.99 | x |
| 2012-12-31 | CA$5.85 | CA$31.99 | x |
| 2013-12-31 | CA$6.33 | CA$31.99 | x |
| 2014-12-31 | CA$6.62 | CA$31.99 | x |
| 2015-12-31 | CA$6.71 | CA$31.99 | x |
| 2016-12-31 | CA$6.33 | CA$31.99 | x |
| 2017-12-31 | CA$7.78 | CA$31.99 | x |
| 2018-12-31 | CA$5.51 | CA$31.99 | x |
| 2019-12-31 | CA$6.35 | CA$31.99 | x |
| 2020-12-31 | CA$7.34 | CA$31.99 | x |
| 2021-12-31 | CA$7.85 | CA$31.99 | x |
| 2022-12-31 | CA$8.48 | CA$31.99 | x |
| 2023-12-31 | CA$5.99 | CA$31.99 | x |
| 2024-12-31 | CA$2.90 | CA$31.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CI Financial 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): -100.46%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -13.83%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 26.31x
- Recent ROE (-100.46%) is below the historical average (11.78%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 17.03% | 6.47% | 1.51x | 1.74x | CA$3.92 Million |
| 1997 | 6.10% | 4.72% | 0.96x | 1.35x | CA$-5.46 Million |
| 1998 | 6.91% | 4.29% | 1.15x | 1.40x | CA$-3.92 Million |
| 1999 | -0.72% | -0.46% | 0.85x | 1.82x | CA$-31.30 Million |
| 2000 | 4.41% | 1.87% | 1.35x | 1.75x | CA$-14.58 Million |
| 2001 | -108.25% | -13.68% | 1.55x | 5.12x | CA$-67.12 Million |
| 2002 | 11.22% | 12.32% | 0.56x | 1.62x | CA$7.72 Million |
| 2003 | 14.41% | 26.17% | 0.34x | 1.63x | CA$67.66 Million |
| 2004 | 19.33% | 26.31% | 0.41x | 1.81x | CA$137.47 Million |
| 2005 | 20.00% | 23.35% | 0.47x | 1.83x | CA$154.54 Million |
| 2007 | 43.09% | 37.77% | 0.46x | 2.50x | CA$479.99 Million |
| 2008 | 27.80% | 29.46% | 0.42x | 2.24x | CA$285.18 Million |
| 2009 | 15.20% | 20.09% | 0.41x | 1.87x | CA$83.75 Million |
| 2010 | 20.50% | 24.00% | 0.42x | 2.02x | CA$169.45 Million |
| 2011 | 23.26% | 25.19% | 0.49x | 1.90x | CA$214.88 Million |
| 2012 | 21.20% | 24.16% | 0.49x | 1.79x | CA$186.03 Million |
| 2013 | 23.63% | 26.58% | 0.52x | 1.71x | CA$245.97 Million |
| 2014 | 27.87% | 28.06% | 0.62x | 1.60x | CA$336.64 Million |
| 2015 | 29.54% | 27.81% | 0.60x | 1.76x | CA$366.11 Million |
| 2016 | 29.28% | 25.92% | 0.56x | 2.01x | CA$331.18 Million |
| 2017 | 24.31% | 23.68% | 0.46x | 2.21x | CA$294.25 Million |
| 2018 | 43.18% | 27.61% | 0.52x | 3.00x | CA$474.47 Million |
| 2019 | 36.04% | 25.41% | 0.49x | 2.92x | CA$389.00 Million |
| 2020 | 30.08% | 23.21% | 0.32x | 4.02x | CA$317.73 Million |
| 2021 | 25.77% | 15.01% | 0.31x | 5.45x | CA$250.47 Million |
| 2022 | 18.62% | 12.35% | 0.25x | 6.03x | CA$138.78 Million |
| 2023 | 0.49% | 0.16% | 0.32x | 9.71x | CA$-97.76 Million |
| 2024 | -100.46% | -13.83% | 0.28x | 26.31x | CA$-451.97 Million |
Industry Comparison
This section compares CI Financial Corp's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $6,663,291,339
- Average return on equity (ROE) among peers: -15.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CI Financial Corp (CIX) | CA$482.15 Million | 17.03% | 21.84x | $3.32 Billion |
| Aberdeen International Inc. (AAB) | $25.89 Million | -37.52% | 0.12x | $2.91 Million |
| Base Carbon Inc. (BCBN) | $52.38 Million | -2.92% | 0.01x | $64.26 Million |
| Canadian Banc Corp (BK) | $96.27 Million | -14.26% | 1.14x | $519.36 Million |
| Brookfield Corporation (BN) | $53.25 Billion | 5.84% | 1.43x | $98.94 Billion |
| Sprott Physical Gold and Silver Trust (CEF) | $5.01 Billion | 20.29% | 0.00x | $9.02 Billion |
| Canadian General Investments Ltd (CGI) | $288.01 Million | -136.10% | 0.53x | $796.79 Million |
| Clairvest Group Inc. (CVG) | $837.41 Million | 8.30% | 0.13x | $754.58 Million |
| Cymbria Corporation (CYB) | $317.74 Million | 0.50% | 0.02x | $1.00 Billion |
| Dividend 15 Split Corp II (DF) | $92.42 Million | 17.67% | 1.81x | $156.20 Million |
About CI Financial Corp
CI Financial Corp. is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client focused equity, fixed income, and alternative investments portfolios. It also manages mutual funds, hedge funds, and fund of funds for its clients through its subsidiaries. The firm was founded in 1965 and is based in Toronto, Canada with additional offices in Vancou… Read more