ADF Group Inc. (DRX) - Net Assets
Based on the latest financial reports, ADF Group Inc. (DRX) has net assets worth CA$181.19 Million CAD as of October 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$317.65 Million) and total liabilities (CA$136.46 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$181.19 Million |
| % of Total Assets | 57.04% |
| Annual Growth Rate | 2.53% |
| 5-Year Change | 70.05% |
| 10-Year Change | 57.45% |
| Growth Volatility | 87.4 |
ADF Group Inc. - Net Assets Trend (2000–2025)
This chart illustrates how ADF Group Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for ADF Group Inc. (2000–2025)
The table below shows the annual net assets of ADF Group Inc. from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-01-31 | CA$169.31 Million | +4.43% |
| 2024-01-31 | CA$162.13 Million | +29.72% |
| 2023-01-31 | CA$124.98 Million | +15.25% |
| 2022-01-31 | CA$108.45 Million | +8.92% |
| 2021-01-31 | CA$99.56 Million | +5.46% |
| 2020-01-31 | CA$94.41 Million | -2.57% |
| 2019-01-31 | CA$96.89 Million | +1.16% |
| 2018-01-31 | CA$95.78 Million | -9.34% |
| 2017-01-31 | CA$105.65 Million | -1.75% |
| 2016-01-31 | CA$107.53 Million | +3.44% |
| 2015-01-31 | CA$103.96 Million | +2.09% |
| 2014-01-31 | CA$101.83 Million | +11.38% |
| 2013-01-31 | CA$91.43 Million | -2.49% |
| 2012-01-31 | CA$93.76 Million | +5.19% |
| 2011-01-31 | CA$89.14 Million | +0.53% |
| 2010-01-31 | CA$88.67 Million | +4.59% |
| 2009-01-31 | CA$84.78 Million | +22.83% |
| 2008-01-31 | CA$69.02 Million | +395.06% |
| 2007-01-31 | CA$13.94 Million | +1339.29% |
| 2006-01-31 | CA$-1.12 Million | -107.25% |
| 2005-01-31 | CA$15.52 Million | +59.83% |
| 2004-01-31 | CA$9.71 Million | -86.29% |
| 2003-01-31 | CA$70.82 Million | -65.06% |
| 2002-01-31 | CA$202.69 Million | +46.25% |
| 2001-01-31 | CA$138.60 Million | +52.71% |
| 2000-01-31 | CA$90.75 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to ADF Group 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 grown by 342.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (January 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$85.84 Million | 50.70% |
| Common Stock | CA$61.75 Million | 36.47% |
| Other Comprehensive Income | CA$15.54 Million | 9.18% |
| Other Components | CA$6.18 Million | 3.65% |
| Total Equity | CA$169.31 Million | 100.00% |
ADF Group Inc. Competitors by Market Cap
The table below lists competitors of ADF Group Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Centrica PLC
LSE:CNA
|
$108.60 Million |
|
Xtra-Gold Resources Corp
TO:XTG
|
$108.62 Million |
|
Alpha Teknova Inc
NASDAQ:TKNO
|
$108.66 Million |
|
Klil Industries Ltd
TA:KLIL
|
$108.71 Million |
|
PT Mulia Industrindo Tbk
JK:MLIA
|
$108.53 Million |
|
Pacific Edge Ltd
AU:PEB
|
$108.50 Million |
|
Gateway Mining Ltd
AU:GML
|
$108.47 Million |
|
NICE Total Cash Management Co. Ltd
KQ:063570
|
$108.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ADF Group Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 162,130,000 to 169,312,000, a change of 7,182,000 (4.4%).
- Net income of 56,790,000 contributed positively to equity growth.
- Dividend payments of 924,000 reduced retained earnings.
- Share repurchases of 54,574,000 reduced equity.
- Other comprehensive income increased equity by 7,253,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$56.79 Million | +33.54% |
| Dividends Paid | CA$924.00K | -0.55% |
| Share Repurchases | CA$54.57 Million | -32.23% |
| Other Comprehensive Income | CA$7.25 Million | +4.28% |
| Other Changes | CA$-1.36 Million | -0.81% |
| Total Change | CA$- | 4.43% |
Book Value vs Market Value Analysis
This analysis compares ADF Group 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: 1.66x
- 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 2.13x to 1.66x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-01-31 | CA$4.28 | CA$9.11 | x |
| 2001-01-31 | CA$6.22 | CA$9.11 | x |
| 2002-01-31 | CA$7.37 | CA$9.11 | x |
| 2003-01-31 | CA$2.60 | CA$9.11 | x |
| 2004-01-31 | CA$0.35 | CA$9.11 | x |
| 2005-01-31 | CA$0.57 | CA$9.11 | x |
| 2006-01-31 | CA$-0.04 | CA$9.11 | x |
| 2007-01-31 | CA$0.48 | CA$9.11 | x |
| 2008-01-31 | CA$1.99 | CA$9.11 | x |
| 2009-01-31 | CA$2.28 | CA$9.11 | x |
| 2010-01-31 | CA$2.44 | CA$9.11 | x |
| 2011-01-31 | CA$2.60 | CA$9.11 | x |
| 2012-01-31 | CA$2.81 | CA$9.11 | x |
| 2013-01-31 | CA$2.82 | CA$9.11 | x |
| 2014-01-31 | CA$3.08 | CA$9.11 | x |
| 2015-01-31 | CA$3.20 | CA$9.11 | x |
| 2016-01-31 | CA$3.28 | CA$9.11 | x |
| 2017-01-31 | CA$3.23 | CA$9.11 | x |
| 2018-01-31 | CA$2.94 | CA$9.11 | x |
| 2019-01-31 | CA$2.97 | CA$9.11 | x |
| 2020-01-31 | CA$2.89 | CA$9.11 | x |
| 2021-01-31 | CA$3.05 | CA$9.11 | x |
| 2022-01-31 | CA$3.32 | CA$9.11 | x |
| 2023-01-31 | CA$3.83 | CA$9.11 | x |
| 2024-01-31 | CA$4.97 | CA$9.11 | x |
| 2025-01-31 | CA$5.49 | CA$9.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ADF Group 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): 33.54%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.72%
- • Asset Turnover: 1.10x
- • Equity Multiplier: 1.82x
- Recent ROE (33.54%) is above the historical average (-19.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 17.03% | 7.08% | 1.32x | 1.82x | CA$6.38 Million |
| 2001 | 17.83% | 7.24% | 1.12x | 2.20x | CA$10.63 Million |
| 2002 | 12.63% | 4.95% | 1.30x | 1.96x | CA$5.27 Million |
| 2003 | -186.26% | -42.19% | 1.10x | 4.03x | CA$-136.48 Million |
| 2004 | -626.62% | -44.11% | 1.01x | 14.06x | CA$-59.94 Million |
| 2005 | 22.93% | 6.54% | 0.70x | 4.98x | CA$1.96 Million |
| 2006 | 0.00% | 7.49% | 0.49x | 0.00x | CA$2.05 Million |
| 2007 | 74.75% | 19.46% | 0.94x | 4.07x | CA$9.03 Million |
| 2008 | 49.21% | 57.11% | 0.62x | 1.38x | CA$27.06 Million |
| 2009 | 18.37% | 15.76% | 0.86x | 1.35x | CA$7.10 Million |
| 2010 | 7.89% | 10.64% | 0.64x | 1.17x | CA$-1.87 Million |
| 2011 | 4.20% | 6.77% | 0.51x | 1.22x | CA$-5.17 Million |
| 2012 | 1.93% | 3.74% | 0.45x | 1.16x | CA$-7.56 Million |
| 2013 | -1.70% | -3.75% | 0.39x | 1.17x | CA$-10.70 Million |
| 2014 | 7.54% | 8.26% | 0.73x | 1.26x | CA$-2.50 Million |
| 2015 | -1.51% | -2.06% | 0.55x | 1.33x | CA$-11.97 Million |
| 2016 | 1.58% | 1.73% | 0.67x | 1.36x | CA$-9.05 Million |
| 2017 | 1.42% | 1.46% | 0.65x | 1.50x | CA$-9.07 Million |
| 2018 | -7.53% | -4.00% | 1.03x | 1.83x | CA$-16.79 Million |
| 2019 | -0.39% | -0.28% | 0.83x | 1.68x | CA$-10.06 Million |
| 2020 | -2.26% | -1.19% | 1.04x | 1.84x | CA$-11.57 Million |
| 2021 | 6.90% | 3.98% | 0.91x | 1.91x | CA$-3.09 Million |
| 2022 | 8.82% | 3.41% | 1.40x | 1.85x | CA$-1.28 Million |
| 2023 | 11.95% | 5.95% | 0.92x | 2.17x | CA$2.44 Million |
| 2024 | 23.20% | 11.37% | 1.01x | 2.03x | CA$21.41 Million |
| 2025 | 33.54% | 16.72% | 1.10x | 1.82x | CA$39.86 Million |
Industry Comparison
This section compares ADF Group Inc.'s net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $4,877,812
- Average return on equity (ROE) among peers: -15.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ADF Group Inc. (DRX) | CA$181.19 Million | 17.03% | 0.75x | $108.58 Million |
| Cymat Technologies Ltd. (CYM) | $-1.48 Million | 0.00% | 0.00x | $5.79 Million |
| IBC Advanced Alloys Corp (IB) | $63.98K | -78.66% | 2.28x | $16.56 Million |
| Inventronics Ltd (IVX) | $2.81 Million | 13.11% | 1.17x | $2.43 Million |
| Omni-Lite Industries Canada Inc. (OML) | $18.11 Million | 2.59% | 0.21x | $15.23 Million |
About ADF Group Inc.
ADF Group Inc. engages in the design and engineering of connections including industrial coatings in Canada and the United States. It also fabricates and installs complex steel structures and heavy steel built ups, as well as miscellaneous and architectural metalwork services. In addition, the company offers products and services for various segments of the non-residential construction industry, … Read more