Dividend Select 15 Corp (DS) - Net Assets
Based on the latest financial reports, Dividend Select 15 Corp (DS) has net assets worth CA$49.49 Million CAD (≈ $35.80 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$49.99 Million ≈ $36.16 Million USD) and total liabilities (CA$503.98K ≈ $364.57K 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 Dividend Select 15 Corp tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$49.49 Million |
| % of Total Assets | 98.99% |
| Annual Growth Rate | -3.89% |
| 5-Year Change | 8.2% |
| 10-Year Change | -37.19% |
| Growth Volatility | 13.41 |
Dividend Select 15 Corp - Net Assets Trend (2012–2025)
This chart illustrates how Dividend Select 15 Corp's net assets have evolved over time, based on quarterly financial data. See Dividend Select 15 Corp (DS) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Dividend Select 15 Corp (2012–2025)
The table below shows the annual net assets of Dividend Select 15 Corp from 2012 to 2025. For live valuation and market cap data, see market cap of Dividend Select 15 Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2025-11-30 | CA$49.49 Million ≈ $35.80 Million |
-8.89% |
| 2024-11-30 | CA$54.32 Million ≈ $39.29 Million |
+2.16% |
| 2023-11-30 | CA$53.17 Million ≈ $38.46 Million |
-9.06% |
| 2022-11-30 | CA$58.47 Million ≈ $42.29 Million |
+27.83% |
| 2021-11-30 | CA$45.74 Million ≈ $33.08 Million |
+12.05% |
| 2020-11-30 | CA$40.82 Million ≈ $29.53 Million |
-29.88% |
| 2019-11-30 | CA$58.21 Million ≈ $42.11 Million |
-19.95% |
| 2018-11-30 | CA$72.71 Million ≈ $52.60 Million |
-4.68% |
| 2017-11-30 | CA$76.28 Million ≈ $55.18 Million |
-3.19% |
| 2016-11-30 | CA$78.79 Million ≈ $57.00 Million |
-1.88% |
| 2015-11-30 | CA$80.30 Million ≈ $58.09 Million |
+3.89% |
| 2014-11-30 | CA$77.30 Million ≈ $55.92 Million |
-2.62% |
| 2013-11-30 | CA$79.38 Million ≈ $57.42 Million |
-4.20% |
| 2012-11-30 | CA$82.86 Million ≈ $59.94 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Dividend Select 15 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 grown by 246131000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (November 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$49.49 Million | 100.00% |
| Total Equity | CA$49.49 Million | 100.00% |
Dividend Select 15 Corp Competitors by Market Cap
The table below lists competitors of Dividend Select 15 Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Changchai Co Ltd
SHE:200570
|
$38.49 Million |
|
Sentien Printing Factory Co Ltd
TWO:8410
|
$38.50 Million |
|
Megastar Foods Limited
NSE:MEGASTAR
|
$38.51 Million |
|
PetMed Express Inc
NASDAQ:PETS
|
$38.52 Million |
|
Sterling Metals Corp
V:SAG
|
$38.47 Million |
|
PCF Group SA
WAR:PCF
|
$38.46 Million |
|
VirTra Inc
NASDAQ:VTSI
|
$38.44 Million |
|
LOOP INDUSTRIES DL-001
F:3L9
|
$38.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dividend Select 15 Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 54,317,886 to 49,486,656, a change of -4,831,230 (-8.9%).
- Net income of 7,160,819 contributed positively to equity growth.
- Dividend payments of 4,724,325 reduced retained earnings.
- Share repurchases of 7,300,756 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$7.16 Million | +14.47% |
| Dividends Paid | CA$4.72 Million | -9.55% |
| Share Repurchases | CA$7.30 Million | -14.75% |
| Other Changes | CA$33.03K | +0.07% |
| Total Change | CA$- | -8.89% |
Book Value vs Market Value Analysis
This analysis compares Dividend Select 15 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: 1.14x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.90x to 1.14x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-11-30 | CA$8.95 | CA$8.05 | x |
| 2013-11-30 | CA$8.37 | CA$8.05 | x |
| 2014-11-30 | CA$9.86 | CA$8.05 | x |
| 2015-11-30 | CA$8.89 | CA$8.05 | x |
| 2016-11-30 | CA$8.56 | CA$8.05 | x |
| 2017-11-30 | CA$8.41 | CA$8.05 | x |
| 2018-11-30 | CA$7.53 | CA$8.05 | x |
| 2019-11-30 | CA$6.91 | CA$8.05 | x |
| 2020-11-30 | CA$6.07 | CA$8.05 | x |
| 2021-11-30 | CA$7.48 | CA$8.05 | x |
| 2022-11-30 | CA$9.56 | CA$8.05 | x |
| 2023-11-30 | CA$6.31 | CA$8.05 | x |
| 2024-11-30 | CA$6.82 | CA$8.05 | x |
| 2025-11-30 | CA$7.05 | CA$8.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dividend Select 15 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): 14.47%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 134.79%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.01x
- Recent ROE (14.47%) is above the historical average (7.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 12.07% | 92.51% | 0.13x | 1.01x | CA$1.71 Million |
| 2013 | 15.17% | 93.79% | 0.15x | 1.05x | CA$4.11 Million |
| 2014 | 10.22% | 92.27% | 0.11x | 1.01x | CA$172.24K |
| 2015 | -6.08% | 0.00% | -0.05x | 1.01x | CA$-12.91 Million |
| 2016 | 11.57% | 93.19% | 0.12x | 1.02x | CA$1.23 Million |
| 2017 | 8.16% | 88.87% | 0.09x | 1.04x | CA$-1.40 Million |
| 2018 | -4.05% | 0.00% | -0.04x | 1.01x | CA$-10.21 Million |
| 2019 | 14.04% | 96.34% | 0.14x | 1.01x | CA$2.35 Million |
| 2020 | -11.45% | 0.00% | -0.11x | 1.02x | CA$-8.76 Million |
| 2021 | 24.93% | 97.24% | 0.25x | 1.01x | CA$6.83 Million |
| 2022 | 1.14% | 65.31% | 0.02x | 1.04x | CA$-5.18 Million |
| 2023 | -2.33% | -37.58% | 0.06x | 1.01x | CA$-6.56 Million |
| 2024 | 20.52% | 95.77% | 0.21x | 1.01x | CA$5.72 Million |
| 2025 | 14.47% | 134.79% | 0.11x | 1.01x | CA$2.21 Million |
Industry Comparison
This section compares Dividend Select 15 Corp's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,011,582,948
- Average return on equity (ROE) among peers: -10.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dividend Select 15 Corp (DS) | CA$49.49 Million | 12.07% | 0.01x | $38.48 Million |
| Aberdeen International Inc. (AAB) | $28.67 Million | 6.52% | 0.06x | $3.49 Million |
| Base Carbon Inc. (BCBN) | $52.38 Million | -2.92% | 0.01x | $51.85 Million |
| Canadian Banc Corp (BK) | $96.27 Million | -14.26% | 1.14x | $553.04 Million |
| Brookfield Corporation (BN) | $3.91 Billion | 11.10% | 0.86x | $103.83 Billion |
| Sprott Physical Gold and Silver Trust (CEF) | $4.00 Billion | 0.12% | 0.00x | $8.45 Billion |
| Canadian General Investments Ltd (CGI) | $1.16 Billion | 15.01% | 0.15x | $792.26 Million |
| CI Financial Corp (CIX) | $59.93 Million | -102.52% | 3.85x | $3.32 Billion |
| Clairvest Group Inc. (CVG) | $399.46 Million | 9.71% | 0.19x | $752.28 Million |
| Cymbria Corporation (CYB) | $317.74 Million | 0.50% | 0.02x | $1.01 Billion |
| Dividend 15 Split Corp II (DF) | $95.46 Million | -26.30% | 2.63x | $161.85 Million |
About Dividend Select 15 Corp
Dividend Select 15 Corp. is a closed ended equity mutual fund launched and managed by Quadravest Capital Management Inc. The fund invests in public equity markets of Canada. It invests in stocks of companies engaged in the financial services sector. Dividend Select 15 Corp. was formed on August 26, 2010 and is domiciled in Canada.