Diversified Royalty Corp (DIV) - Net Assets
Based on the latest financial reports, Diversified Royalty Corp (DIV) has net assets worth CA$289.99 Million CAD (≈ $209.78 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$616.97 Million ≈ $446.30 Million USD) and total liabilities (CA$326.97 Million ≈ $236.53 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 financial resilience of Diversified Royalty Corp to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$289.99 Million |
| % of Total Assets | 47.0% |
| Annual Growth Rate | 18.84% |
| 5-Year Change | 52.26% |
| 10-Year Change | 19.58% |
| Growth Volatility | 73.65 |
Diversified Royalty Corp - Net Assets Trend (1996–2024)
This chart illustrates how Diversified Royalty Corp's net assets have evolved over time, based on quarterly financial data. Also explore how large is Diversified Royalty Corp's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Diversified Royalty Corp (1996–2024)
The table below shows the annual net assets of Diversified Royalty Corp from 1996 to 2024. For live valuation and market cap data, see how much is Diversified Royalty Corp worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$288.80 Million ≈ $208.91 Million |
+21.65% |
| 2023-12-31 | CA$237.40 Million ≈ $171.73 Million |
+1.50% |
| 2022-12-31 | CA$233.89 Million ≈ $169.19 Million |
+22.12% |
| 2021-12-31 | CA$191.53 Million ≈ $138.55 Million |
+0.98% |
| 2020-12-31 | CA$189.67 Million ≈ $137.21 Million |
+0.52% |
| 2019-12-31 | CA$188.69 Million ≈ $136.50 Million |
-2.09% |
| 2018-12-31 | CA$192.72 Million ≈ $139.41 Million |
-4.65% |
| 2017-12-31 | CA$202.13 Million ≈ $146.22 Million |
-3.03% |
| 2016-12-31 | CA$208.44 Million ≈ $150.78 Million |
-13.70% |
| 2015-12-31 | CA$241.52 Million ≈ $174.71 Million |
+75.47% |
| 2014-12-31 | CA$137.64 Million ≈ $99.56 Million |
+102.98% |
| 2013-12-31 | CA$67.81 Million ≈ $49.05 Million |
-4.44% |
| 2012-12-31 | CA$70.96 Million ≈ $51.33 Million |
+16.63% |
| 2011-12-31 | CA$60.84 Million ≈ $44.01 Million |
-9.11% |
| 2010-12-31 | CA$66.94 Million ≈ $48.42 Million |
+137.13% |
| 2009-12-31 | CA$28.23 Million ≈ $20.42 Million |
+125.11% |
| 2008-12-31 | CA$12.54 Million ≈ $9.07 Million |
-26.61% |
| 2007-12-31 | CA$17.09 Million ≈ $12.36 Million |
-44.21% |
| 2006-12-31 | CA$30.63 Million ≈ $22.15 Million |
-45.66% |
| 2005-12-31 | CA$56.36 Million ≈ $40.77 Million |
-29.55% |
| 2004-12-31 | CA$80.00 Million ≈ $57.87 Million |
+35.83% |
| 2003-12-31 | CA$58.90 Million ≈ $42.61 Million |
+65.89% |
| 2002-12-31 | CA$35.50 Million ≈ $25.68 Million |
+71.72% |
| 2001-12-31 | CA$20.68 Million ≈ $14.96 Million |
+41.67% |
| 2000-12-31 | CA$14.59 Million ≈ $10.56 Million |
-15.64% |
| 1999-12-31 | CA$17.30 Million ≈ $12.51 Million |
+183.61% |
| 1998-12-31 | CA$6.10 Million ≈ $4.41 Million |
+281.25% |
| 1997-12-31 | CA$1.60 Million ≈ $1.16 Million |
-30.43% |
| 1996-12-31 | CA$2.30 Million ≈ $1.66 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Diversified Royalty 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 7649800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$319.51 Million | 110.63% |
| Other Comprehensive Income | CA$5.00 Million | 1.73% |
| Other Components | CA$45.99 Million | 15.92% |
| Total Equity | CA$288.80 Million | 100.00% |
Diversified Royalty Corp Competitors by Market Cap
The table below lists competitors of Diversified Royalty Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Shen Lian Biomedical Corp
SHG:688098
|
$531.20 Million |
|
KT Submarine Co. Ltd
KQ:060370
|
$531.40 Million |
|
Suven Life Sciences Limited
NSE:SUVEN
|
$531.49 Million |
|
Nanjing Zhongbei Group Co Ltd
SHE:000421
|
$532.07 Million |
|
Hualan Group Co Ltd
SHE:301027
|
$531.10 Million |
|
Hunan Kylinsec Technology Co. Ltd. A
SHG:688152
|
$531.02 Million |
|
Heren Health Co Ltd
SHE:300550
|
$530.98 Million |
|
Yonker Environmental Protect
SHE:300187
|
$530.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Diversified Royalty Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 237,404,000 to 288,800,000, a change of 51,396,000 (21.6%).
- Net income of 26,619,000 contributed positively to equity growth.
- Dividend payments of 34,823,000 reduced retained earnings.
- Share repurchases of 52,608,000 reduced equity.
- New share issuances of 50,995,000 increased equity.
- Other comprehensive income increased equity by 102,000.
- Other factors increased equity by 61,111,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$26.62 Million | +9.22% |
| Dividends Paid | CA$34.82 Million | -12.06% |
| Share Repurchases | CA$52.61 Million | -18.22% |
| Share Issuances | CA$50.99 Million | +17.66% |
| Other Comprehensive Income | CA$102.00K | +0.04% |
| Other Changes | CA$61.11 Million | +21.16% |
| Total Change | CA$- | 21.65% |
Book Value vs Market Value Analysis
This analysis compares Diversified Royalty 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: 2.44x
- 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 10.39x to 2.44x 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$4.30 | x |
| 1997-12-31 | CA$0.24 | CA$4.30 | x |
| 1998-12-31 | CA$0.61 | CA$4.30 | x |
| 1999-12-31 | CA$1.18 | CA$4.30 | x |
| 2000-12-31 | CA$0.95 | CA$4.30 | x |
| 2001-12-31 | CA$1.33 | CA$4.30 | x |
| 2002-12-31 | CA$2.06 | CA$4.30 | x |
| 2003-12-31 | CA$3.37 | CA$4.30 | x |
| 2004-12-31 | CA$4.36 | CA$4.30 | x |
| 2005-12-31 | CA$2.61 | CA$4.30 | x |
| 2006-12-31 | CA$1.42 | CA$4.30 | x |
| 2007-12-31 | CA$0.65 | CA$4.30 | x |
| 2008-12-31 | CA$0.46 | CA$4.30 | x |
| 2009-12-31 | CA$1.01 | CA$4.30 | x |
| 2010-12-31 | CA$1.89 | CA$4.30 | x |
| 2011-12-31 | CA$1.59 | CA$4.30 | x |
| 2012-12-31 | CA$1.83 | CA$4.30 | x |
| 2013-12-31 | CA$1.75 | CA$4.30 | x |
| 2014-12-31 | CA$3.07 | CA$4.30 | x |
| 2015-12-31 | CA$2.82 | CA$4.30 | x |
| 2016-12-31 | CA$1.84 | CA$4.30 | x |
| 2017-12-31 | CA$1.90 | CA$4.30 | x |
| 2018-12-31 | CA$1.78 | CA$4.30 | x |
| 2019-12-31 | CA$1.72 | CA$4.30 | x |
| 2020-12-31 | CA$1.60 | CA$4.30 | x |
| 2021-12-31 | CA$1.41 | CA$4.30 | x |
| 2022-12-31 | CA$1.84 | CA$4.30 | x |
| 2023-12-31 | CA$1.65 | CA$4.30 | x |
| 2024-12-31 | CA$1.76 | CA$4.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Diversified Royalty Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.22%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 40.96%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 2.00x
- Recent ROE (9.22%) is above the historical average (-11.79%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | -111.11% | -2000.00% | 0.02x | 2.94x | CA$-2.18 Million |
| 1997 | -187.50% | -3000.00% | 0.01x | 4.50x | CA$-3.16 Million |
| 1998 | 4.92% | 5.56% | 0.46x | 1.92x | CA$-310.00K |
| 1999 | 36.42% | 28.51% | 1.08x | 1.18x | CA$4.57 Million |
| 2000 | -15.47% | -28.35% | 0.41x | 1.35x | CA$-3.72 Million |
| 2001 | 22.86% | 20.18% | 0.80x | 1.42x | CA$2.66 Million |
| 2002 | 35.33% | 26.07% | 0.92x | 1.48x | CA$8.99 Million |
| 2003 | 32.89% | 27.75% | 0.92x | 1.28x | CA$13.48 Million |
| 2004 | -23.17% | -73.19% | 0.28x | 1.13x | CA$-26.54 Million |
| 2005 | -44.44% | -85.62% | 0.45x | 1.16x | CA$-30.68 Million |
| 2006 | -88.26% | -246.28% | 0.29x | 1.25x | CA$-30.09 Million |
| 2007 | -103.97% | -107.06% | 0.53x | 1.84x | CA$-19.47 Million |
| 2008 | -36.94% | -55.88% | 0.33x | 2.02x | CA$-5.89 Million |
| 2009 | 54.25% | 54.58% | 0.59x | 1.69x | CA$12.49 Million |
| 2010 | 21.51% | 44.08% | 0.42x | 1.16x | CA$7.71 Million |
| 2011 | -15.30% | 0.00% | 0.00x | 1.21x | CA$-15.39 Million |
| 2012 | 13.11% | 32.86% | 0.38x | 1.04x | CA$2.20 Million |
| 2013 | -5.29% | 0.00% | 0.00x | 1.03x | CA$-10.37 Million |
| 2014 | 5.39% | 228.59% | 0.02x | 1.13x | CA$-6.34 Million |
| 2015 | 2.47% | 30.48% | 0.06x | 1.26x | CA$-18.18 Million |
| 2016 | 5.13% | 37.93% | 0.11x | 1.20x | CA$-10.16 Million |
| 2017 | 5.72% | 55.26% | 0.07x | 1.56x | CA$-8.65 Million |
| 2018 | 5.25% | 37.89% | 0.08x | 1.65x | CA$-9.15 Million |
| 2019 | 7.44% | 46.10% | 0.09x | 1.83x | CA$-4.83 Million |
| 2020 | -4.68% | -29.13% | 0.09x | 1.89x | CA$-27.85 Million |
| 2021 | 12.28% | 63.08% | 0.10x | 1.99x | CA$4.37 Million |
| 2022 | 6.65% | 34.44% | 0.10x | 1.96x | CA$-7.83 Million |
| 2023 | 13.36% | 56.15% | 0.10x | 2.39x | CA$7.98 Million |
| 2024 | 9.22% | 40.96% | 0.11x | 2.00x | CA$-2.26 Million |
Industry Comparison
This section compares Diversified Royalty Corp's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $1,709,438,414
- Average return on equity (ROE) among peers: 11.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Diversified Royalty Corp (DIV) | CA$289.99 Million | -111.11% | 1.13x | $531.11 Million |
| Wildpack Beverage Inc (CANS) | $-8.22 Million | 0.00% | 0.00x | $362.36K |
| Calian Technologies Ltd (CGY) | $45.36 Million | 14.60% | 0.50x | $588.57 Million |
| Data Communications Management Ltd (DCM) | $18.41 Million | 24.33% | 7.96x | $65.18 Million |
| Dexterra Group Inc (DXT) | $278.95 Million | 7.12% | 0.88x | $541.63 Million |
| GDI Integrated (GDI) | $339.13 Million | 14.15% | 1.21x | $391.59 Million |
| K-Bro Linen Inc. (KBL) | $273.85 Million | 6.57% | 1.57x | $366.59 Million |
| RB Global (RBA) | $835.71 Million | 14.54% | 1.46x | $19.20 Billion |
| Thomson Reuters Corp (TRI) | $11.89 Billion | 12.85% | 0.51x | $41.26 Billion |
About Diversified Royalty Corp
Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. The company owns the Sutton, Mr. Lube + Tires, AIR MILES, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, and BarBurrito trademarks. The company was formerly known as BENEV Capital Inc. and changed its nam… Read more