ADF Group Inc. (DRX) - Net Assets

Latest as of April 2026: CA$195.57 Million CAD ≈ $141.47 Million USD

Based on the latest financial reports, ADF Group Inc. (DRX) has net assets worth CA$195.57 Million CAD (≈ $141.47 Million USD) as of April 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$346.40 Million ≈ $250.58 Million USD) and total liabilities (CA$150.82 Million ≈ $109.10 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 DRX 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$195.57 Million
% of Total Assets 56.46%
Annual Growth Rate 2.75%
5-Year Change 69.3%
10-Year Change 73.79%
Growth Volatility 85.65

ADF Group Inc. - Net Assets Trend (2000–2026)

This chart illustrates how ADF Group Inc.'s net assets have evolved over time, based on quarterly financial data. See ADF Group Inc. defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for ADF Group Inc. (2000–2026)

The table below shows the annual net assets of ADF Group Inc. from 2000 to 2026. For live valuation and market cap data, see DRX company net worth.

Year Net Assets Change
2026-01-31 CA$183.60 Million
≈ $132.82 Million		 +8.44%
2025-01-31 CA$169.31 Million
≈ $122.48 Million		 +4.43%
2024-01-31 CA$162.13 Million
≈ $117.28 Million		 +29.72%
2023-01-31 CA$124.98 Million
≈ $90.41 Million		 +15.25%
2022-01-31 CA$108.45 Million
≈ $78.45 Million		 +8.92%
2021-01-31 CA$99.56 Million
≈ $72.02 Million		 +5.46%
2020-01-31 CA$94.41 Million
≈ $68.29 Million		 -2.57%
2019-01-31 CA$96.89 Million
≈ $70.09 Million		 +1.16%
2018-01-31 CA$95.78 Million
≈ $69.29 Million		 -9.34%
2017-01-31 CA$105.65 Million
≈ $76.43 Million		 -1.75%
2016-01-31 CA$107.53 Million
≈ $77.79 Million		 +3.44%
2015-01-31 CA$103.96 Million
≈ $75.20 Million		 +2.09%
2014-01-31 CA$101.83 Million
≈ $73.66 Million		 +11.38%
2013-01-31 CA$91.43 Million
≈ $66.14 Million		 -2.49%
2012-01-31 CA$93.76 Million
≈ $67.83 Million		 +5.19%
2011-01-31 CA$89.14 Million
≈ $64.48 Million		 +0.53%
2010-01-31 CA$88.67 Million
≈ $64.14 Million		 +4.59%
2009-01-31 CA$84.78 Million
≈ $61.33 Million		 +22.83%
2008-01-31 CA$69.02 Million
≈ $49.93 Million		 +395.06%
2007-01-31 CA$13.94 Million
≈ $10.09 Million		 +1339.29%
2006-01-31 CA$-1.12 Million
≈ $-813.81K		 -107.25%
2005-01-31 CA$15.52 Million
≈ $11.23 Million		 +59.83%
2004-01-31 CA$9.71 Million
≈ $7.02 Million		 -86.29%
2003-01-31 CA$70.82 Million
≈ $51.23 Million		 -65.06%
2002-01-31 CA$202.69 Million
≈ $146.62 Million		 +46.25%
2001-01-31 CA$138.60 Million
≈ $100.26 Million		 +52.71%
2000-01-31 CA$90.75 Million
≈ $65.65 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 447.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (January 2026)

Component Amount Percentage
Retained Earnings CA$106.40 Million 57.95%
Common Stock CA$62.54 Million 34.06%
Other Comprehensive Income CA$8.71 Million 4.74%
Other Components CA$5.96 Million 3.25%
Total Equity CA$183.60 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
Indian Hume Pipe Company Limited
NSE:INDIANHUME
 $181.06 Million
X-Legend Entertainment Co Ltd
TW:4994
 $181.12 Million
Shandong Molong Petroleum Machinery Company Limited
F:PXI
 $181.16 Million
S-ENJOY SERVICE GR.DL-01
F:78E
 $181.24 Million
Gofore Oyj
HE:GOFORE
 $181.01 Million
Summit Securities Limited
NSE:SUMMITSEC
 $180.96 Million
McKinley Acquisition Corporation Class A Ordinary Shares
NASDAQ:MKLY
 $180.95 Million
Hi-Clearance
TWO:1788
 $180.94 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 2025 to 2026, total equity changed from 169,312,000 to 183,605,000, a change of 14,293,000 (8.4%).
  • Net income of 26,311,000 contributed positively to equity growth.
  • Dividend payments of 1,146,000 reduced retained earnings.
  • Share repurchases of 9,001,000 reduced equity.
  • Other comprehensive income decreased equity by 6,831,000.
  • Other factors increased equity by 4,960,000.

Equity Change Factors (2025 to 2026)

Factor Impact Contribution
Net Income CA$26.31 Million +14.33%
Dividends Paid CA$1.15 Million -0.62%
Share Repurchases CA$9.00 Million -4.9%
Other Comprehensive Income CA$-6.83 Million -3.72%
Other Changes CA$4.96 Million +2.7%
Total Change CA$- 8.44%

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: 2.35x
  • 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 3.55x to 2.35x 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$15.19 x
2001-01-31 CA$6.22 CA$15.19 x
2002-01-31 CA$7.37 CA$15.19 x
2003-01-31 CA$2.60 CA$15.19 x
2004-01-31 CA$0.35 CA$15.19 x
2005-01-31 CA$0.57 CA$15.19 x
2006-01-31 CA$-0.04 CA$15.19 x
2007-01-31 CA$0.48 CA$15.19 x
2008-01-31 CA$1.99 CA$15.19 x
2009-01-31 CA$2.28 CA$15.19 x
2010-01-31 CA$2.44 CA$15.19 x
2011-01-31 CA$2.60 CA$15.19 x
2012-01-31 CA$2.81 CA$15.19 x
2013-01-31 CA$2.82 CA$15.19 x
2014-01-31 CA$3.08 CA$15.19 x
2015-01-31 CA$3.20 CA$15.19 x
2016-01-31 CA$3.28 CA$15.19 x
2017-01-31 CA$3.23 CA$15.19 x
2018-01-31 CA$2.94 CA$15.19 x
2019-01-31 CA$2.97 CA$15.19 x
2020-01-31 CA$2.89 CA$15.19 x
2021-01-31 CA$3.05 CA$15.19 x
2022-01-31 CA$3.32 CA$15.19 x
2023-01-31 CA$3.83 CA$15.19 x
2024-01-31 CA$4.97 CA$15.19 x
2025-01-31 CA$5.49 CA$15.19 x
2026-01-31 CA$6.46 CA$15.19 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): 14.33%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 10.17%
  • • Asset Turnover: 0.79x
  • • Equity Multiplier: 1.79x
  • Recent ROE (14.33%) is above the historical average (-18.16%), 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
2026 14.33% 10.17% 0.79x 1.79x CA$7.95 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: $5,758,732
  • Average return on equity (ROE) among peers: -6.00%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
ADF Group Inc. (DRX) CA$195.57 Million 17.03% 0.77x $181.05 Million
Cymat Technologies Ltd. (CYM) $-75.99K 0.00% 0.00x $4.72 Million
Inventronics Ltd (IVX) $2.81 Million 13.11% 1.17x $2.64 Million
Omni-Lite Industries Canada Inc. (OML) $14.54 Million -31.12% 0.19x $20.15 Million

About ADF Group Inc.

TO:DRX Canada Metal Fabrication
Market Cap
$181.05 Million
CA$250.28 Million CAD
Market Cap Rank
#17043 Global
#536 in Canada
Share Price
CA$15.19
Change (1 day)
+1.61%
52-Week Range
CA$7.00 - CA$15.19
All Time High
CA$20.46
Categories
Companies in Canada Metal Fabrication
About

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; heavy steel built up components; and miscellaneous and architectural metalwork services. In addition, the company offers products and services for various segments of the non-residential construction industry, … Read more