Dividend 15 Split Corp II (DF) - Net Assets
Based on the latest financial reports, Dividend 15 Split Corp II (DF) has net assets worth CA$198.59 Million CAD (≈ $143.66 Million USD) as of November 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$452.40 Million ≈ $327.26 Million USD) and total liabilities (CA$253.81 Million ≈ $183.60 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 DF asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$198.59 Million |
| % of Total Assets | 43.9% |
| Annual Growth Rate | 5.63% |
| 5-Year Change | 54.12% |
| 10-Year Change | 147.89% |
| Growth Volatility | 59.67 |
Dividend 15 Split Corp II - Net Assets Trend (2006–2025)
This chart illustrates how Dividend 15 Split Corp II's net assets have evolved over time, based on quarterly financial data. Also explore Dividend 15 Split Corp II asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Dividend 15 Split Corp II (2006–2025)
The table below shows the annual net assets of Dividend 15 Split Corp II from 2006 to 2025. For live valuation and market cap data, see DF market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-11-30 | CA$198.59 Million ≈ $143.66 Million |
+14.91% |
| 2024-11-30 | CA$172.83 Million ≈ $125.02 Million |
+81.05% |
| 2023-11-30 | CA$95.46 Million ≈ $69.05 Million |
-34.28% |
| 2022-11-30 | CA$145.25 Million ≈ $105.07 Million |
+12.73% |
| 2021-11-30 | CA$128.85 Million ≈ $93.21 Million |
+179.51% |
| 2020-11-30 | CA$46.10 Million ≈ $33.35 Million |
-46.23% |
| 2019-11-30 | CA$85.73 Million ≈ $62.02 Million |
+22.45% |
| 2018-11-30 | CA$70.01 Million ≈ $50.64 Million |
-24.25% |
| 2017-11-30 | CA$92.42 Million ≈ $66.86 Million |
+15.36% |
| 2016-11-30 | CA$80.11 Million ≈ $57.95 Million |
+11.23% |
| 2015-11-30 | CA$72.02 Million ≈ $52.10 Million |
-14.15% |
| 2014-11-30 | CA$83.89 Million ≈ $60.68 Million |
+149.41% |
| 2013-11-30 | CA$33.64 Million ≈ $24.33 Million |
+24.77% |
| 2012-11-30 | CA$26.96 Million ≈ $19.50 Million |
+2.21% |
| 2011-11-30 | CA$26.38 Million ≈ $19.08 Million |
-22.49% |
| 2010-11-30 | CA$34.03 Million ≈ $24.62 Million |
+3.05% |
| 2009-11-30 | CA$33.02 Million ≈ $23.89 Million |
+43.60% |
| 2008-11-30 | CA$23.00 Million ≈ $16.63 Million |
-69.16% |
| 2007-11-30 | CA$74.55 Million ≈ $53.93 Million |
+6.26% |
| 2006-11-30 | CA$70.16 Million ≈ $50.75 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Dividend 15 Split Corp II'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 99921000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (November 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$198.59 Million | 100.00% |
| Total Equity | CA$198.59 Million | 100.00% |
Dividend 15 Split Corp II Competitors by Market Cap
The table below lists competitors of Dividend 15 Split Corp II ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Suheung Capsul
KO:008490
|
$151.08 Million |
|
Golden Long Teng Development Co Ltd
TWO:3188
|
$151.15 Million |
|
Barton Gold Holdings Ltd
AU:BGD
|
$151.16 Million |
|
Stratus Properties Inc
NASDAQ:STRS
|
$151.18 Million |
|
Kervan Gıda Sanayi Ve Ticaret As
IS:KRVGD
|
$150.94 Million |
|
COPRD
NYSE MKT:COPRD
|
$150.91 Million |
|
Mahamaya Steel Industries Limited
NSE:MAHASTEEL
|
$150.84 Million |
|
Caisse Regionale De Credit Agricole Mutuel Sud Rhone Alpes
PA:CRSU
|
$150.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dividend 15 Split Corp II's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 172,830,006 to 198,593,394, a change of 25,763,388 (14.9%).
- Net income of 46,991,836 contributed positively to equity growth.
- Dividend payments of 27,417,861 reduced retained earnings.
- Share repurchases of 62,510,884 reduced equity.
- New share issuances of 68,488,914 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$46.99 Million | +23.66% |
| Dividends Paid | CA$27.42 Million | -13.81% |
| Share Repurchases | CA$62.51 Million | -31.48% |
| Share Issuances | CA$68.49 Million | +34.49% |
| Other Changes | CA$211.38K | +0.11% |
| Total Change | CA$- | 14.91% |
Book Value vs Market Value Analysis
This analysis compares Dividend 15 Split Corp II'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: 0.93x
- 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 increased from 0.60x to 0.93x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-11-30 | CA$13.34 | CA$8.03 | x |
| 2007-11-30 | CA$13.39 | CA$8.03 | x |
| 2008-11-30 | CA$4.11 | CA$8.03 | x |
| 2009-11-30 | CA$6.08 | CA$8.03 | x |
| 2010-11-30 | CA$6.73 | CA$8.03 | x |
| 2011-11-30 | CA$5.17 | CA$8.03 | x |
| 2012-11-30 | CA$5.34 | CA$8.03 | x |
| 2013-11-30 | CA$6.61 | CA$8.03 | x |
| 2014-11-30 | CA$9.22 | CA$8.03 | x |
| 2015-11-30 | CA$5.44 | CA$8.03 | x |
| 2016-11-30 | CA$4.87 | CA$8.03 | x |
| 2017-11-30 | CA$5.62 | CA$8.03 | x |
| 2018-11-30 | CA$4.26 | CA$8.03 | x |
| 2019-11-30 | CA$5.22 | CA$8.03 | x |
| 2020-11-30 | CA$3.31 | CA$8.03 | x |
| 2021-11-30 | CA$8.06 | CA$8.03 | x |
| 2022-11-30 | CA$9.09 | CA$8.03 | x |
| 2023-11-30 | CA$3.21 | CA$8.03 | x |
| 2024-11-30 | CA$7.08 | CA$8.03 | x |
| 2025-11-30 | CA$8.64 | CA$8.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dividend 15 Split Corp II utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 23.66%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 143.42%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 2.28x
- Recent ROE (23.66%) is above the historical average (2.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -1.42% | -859.17% | 0.00x | 1.79x | CA$-8.02 Million |
| 2007 | 7.62% | 134.45% | 0.03x | 1.76x | CA$-1.78 Million |
| 2008 | -195.03% | -981.00% | 0.06x | 3.47x | CA$-47.15 Million |
| 2009 | 50.64% | 423.82% | 0.05x | 2.56x | CA$13.42 Million |
| 2010 | 20.80% | 218.49% | 0.04x | 2.51x | CA$3.68 Million |
| 2011 | -1.99% | -16.38% | 0.04x | 3.02x | CA$-3.16 Million |
| 2012 | 20.05% | 168.47% | 0.04x | 2.90x | CA$2.71 Million |
| 2013 | 38.00% | 79.22% | 0.18x | 2.65x | CA$9.42 Million |
| 2014 | 11.60% | 55.71% | 0.09x | 2.42x | CA$1.34 Million |
| 2015 | -24.46% | 0.00% | -0.05x | 3.02x | CA$-24.82 Million |
| 2016 | 25.99% | 71.88% | 0.13x | 2.80x | CA$12.81 Million |
| 2017 | 17.67% | 62.81% | 0.10x | 2.81x | CA$7.09 Million |
| 2018 | -22.62% | 0.00% | -0.03x | 3.41x | CA$-22.84 Million |
| 2019 | 39.13% | 98.07% | 0.14x | 2.92x | CA$24.97 Million |
| 2020 | -33.02% | 0.00% | -0.08x | 4.05x | CA$-19.83 Million |
| 2021 | 33.99% | 97.47% | 0.12x | 2.92x | CA$30.92 Million |
| 2022 | 5.94% | 86.44% | 0.02x | 3.16x | CA$-5.90 Million |
| 2023 | -26.30% | -96.43% | 0.08x | 3.63x | CA$-34.66 Million |
| 2024 | 55.20% | 531.23% | 0.04x | 2.48x | CA$78.12 Million |
| 2025 | 23.66% | 143.42% | 0.07x | 2.28x | CA$27.13 Million |
Industry Comparison
This section compares Dividend 15 Split Corp II's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $4,413,046,527
- Average return on equity (ROE) among peers: 3.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dividend 15 Split Corp II (DF) | CA$198.59 Million | -1.42% | 1.28x | $151.03 Million |
| Aberdeen International Inc. (AAB) | $25.89 Million | -37.52% | 0.12x | $3.49 Million |
| Base Carbon Inc. (BCBN) | $43.86 Million | -35.28% | 0.01x | $67.04 Million |
| Canadian Banc Corp (BK) | $97.56 Million | 25.22% | 0.73x | $525.03 Million |
| Brookfield Corporation (BN) | $29.19 Billion | 4.98% | 1.68x | $99.82 Billion |
| Sprott Physical Gold and Silver Trust (CEF) | $4.42 Billion | 22.79% | 0.00x | $9.12 Billion |
| Canadian General Investments Ltd (CGI) | $1.45 Billion | 21.20% | 0.14x | $767.51 Million |
| CI Financial Corp (CIX) | $1.91 Billion | 27.54% | 0.58x | $3.32 Billion |
| Clairvest Group Inc. (CVG) | $1.22 Billion | 4.30% | 0.17x | $752.38 Million |
| Cymbria Corporation (CYB) | $1.36 Billion | -5.91% | 0.05x | $987.87 Million |
About Dividend 15 Split Corp II
Dividend 15 Split Corp. II is a close ended equity mutual fund launched by Quadravest Inc. The fund is managed by Quadravest Capital Management. It invests in public equity markets of Canada. The fund invests in stocks of companies operating across the diversified sectors. It benchmarks the performance of its portfolio against the S&P TSX 60 Index. Dividend 15 Split Corp. II was formed on Septemb… Read more