Element Fleet Management Corp Net Assets
Element Fleet Management Corp net assets. Based on the latest financial reports, Element Fleet Management Corp (EFN) has net assets worth CA$2.66 Billion CAD (≈ $1.93 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$13.39 Billion ≈ $9.69 Billion USD) and total liabilities (CA$10.73 Billion ≈ $7.76 Billion 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. Also explore net asset growth rate of Element Fleet Management Corp to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$2.66 Billion |
| % of Total Assets | 19.88% |
| Annual Growth Rate | 74.94% |
| 5-Year Change | -21.32% |
| 10-Year Change | -31.8% |
| Growth Volatility | 822.22 |
Net Assets of Element Fleet Management Corp (2009–2025)
Net assets of Element Fleet Management Corp from 2009 to 2025. This chart illustrates how Element Fleet Management Corp's net assets have evolved over time, based on quarterly financial data. See debt-free asset ratio of Element Fleet Management Corp to measure how much of total assets are equity-financed.
Annual Net Assets for Element Fleet Management Corp (2009–2025)
The table below shows the annual net assets of Element Fleet Management Corp from 2009 to 2025. For live market cap and overall valuation, see EFN market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$2.72 Billion ≈ $1.96 Billion |
-2.46% |
| 2024-12-31 | CA$2.78 Billion ≈ $2.01 Billion |
-28.63% |
| 2023-12-31 | CA$3.90 Billion ≈ $2.82 Billion |
+5.96% |
| 2022-12-31 | CA$3.68 Billion ≈ $2.66 Billion |
+6.67% |
| 2021-12-31 | CA$3.45 Billion ≈ $2.50 Billion |
-8.80% |
| 2020-12-31 | CA$3.78 Billion ≈ $2.74 Billion |
-0.75% |
| 2019-12-31 | CA$3.81 Billion ≈ $2.76 Billion |
-4.10% |
| 2018-12-31 | CA$3.98 Billion ≈ $2.88 Billion |
+6.29% |
| 2017-12-31 | CA$3.74 Billion ≈ $2.71 Billion |
-6.06% |
| 2016-12-31 | CA$3.98 Billion ≈ $2.88 Billion |
-30.37% |
| 2015-12-31 | CA$5.72 Billion ≈ $4.14 Billion |
+101.97% |
| 2014-12-31 | CA$2.83 Billion ≈ $2.05 Billion |
+95.69% |
| 2013-12-31 | CA$1.45 Billion ≈ $1.05 Billion |
+241.66% |
| 2012-12-31 | CA$423.43 Million ≈ $306.30 Million |
+77.61% |
| 2011-12-31 | CA$238.40 Million ≈ $172.46 Million |
+2345.92% |
| 2010-12-31 | CA$9.75 Million ≈ $7.05 Million |
+2663.33% |
| 2009-12-31 | CA$352.73K ≈ $255.16K |
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Equity Component Analysis
This analysis shows how different components contribute to Element Fleet Management 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 68646019800.0% over the analyzed period, indicating profitable operations and earnings retention.
Element Fleet Management Corp Net Assets Breakdown (December 2025)
Element Fleet Management Corp net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$686.06 Million | 25.27% |
| Common Stock | CA$2.23 Billion | 82.23% |
| Other Comprehensive Income | CA$-203.59 Million | -7.50% |
| Total Equity | CA$2.72 Billion | 100.00% |
Element Fleet Management Corp Competitors by Market Cap
The table below lists competitors of Element Fleet Management Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
YTL Corporation Bhd
KLSE:4677
|
$6.27 Billion |
|
Zhejiang Huafon Spandex Co Ltd
SHE:002064
|
$6.27 Billion |
|
VSXY
NYSE:VSXY
|
$6.27 Billion |
|
Morningstar Inc
NASDAQ:MORN
|
$6.28 Billion |
|
Beijing Kunlun Tech Co Ltd
SHE:300418
|
$6.25 Billion |
|
National Aluminium Company Limited
NSE:NATIONALUM
|
$6.25 Billion |
|
Nippon Life India Asset Management Limited
NSE:NAM-INDIA
|
$6.25 Billion |
|
Universal Scientific Industrial Shanghai Co Ltd
SHG:601231
|
$6.24 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Element Fleet Management Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,771,681,567 to 2,715,316,521, a change of -56,365,046 (-2.0%).
- Net income of 284,015,302 contributed positively to equity growth.
- Dividend payments of 149,398,000 reduced retained earnings.
- Share repurchases of 119,956,000 reduced equity.
- New share issuances of 43,000 increased equity.
- Other comprehensive income decreased equity by 63,583,847.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$284.02 Million | +10.46% |
| Dividends Paid | CA$149.40 Million | -5.5% |
| Share Repurchases | CA$119.96 Million | -4.42% |
| Share Issuances | CA$43.00K | +0.0% |
| Other Comprehensive Income | CA$-63.58 Million | -2.34% |
| Other Changes | CA$-7.49 Million | -0.28% |
| Total Change | CA$- | -2.03% |
Book Value vs Market Value Analysis
This analysis compares Element Fleet Management 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: 3.23x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 63.00x to 3.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | CA$0.35 | CA$21.86 | x |
| 2011-12-31 | CA$7.16 | CA$21.86 | x |
| 2012-12-31 | CA$5.42 | CA$21.86 | x |
| 2013-12-31 | CA$10.45 | CA$21.86 | x |
| 2014-12-31 | CA$11.13 | CA$21.86 | x |
| 2015-12-31 | CA$18.36 | CA$21.86 | x |
| 2016-12-31 | CA$10.14 | CA$21.86 | x |
| 2017-12-31 | CA$9.52 | CA$21.86 | x |
| 2018-12-31 | CA$10.03 | CA$21.86 | x |
| 2019-12-31 | CA$8.75 | CA$21.86 | x |
| 2020-12-31 | CA$8.34 | CA$21.86 | x |
| 2021-12-31 | CA$7.85 | CA$21.86 | x |
| 2022-12-31 | CA$8.91 | CA$21.86 | x |
| 2023-12-31 | CA$9.63 | CA$21.86 | x |
| 2024-12-31 | CA$6.86 | CA$21.86 | x |
| 2025-12-31 | CA$6.76 | CA$21.86 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Element Fleet Management Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.46%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.57%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 5.10x
- Recent ROE (10.46%) is above the historical average (3.42%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | -18.11% | -86.28% | 0.03x | 6.07x | CA$-2.31 Million |
| 2011 | -3.39% | -58.45% | 0.03x | 1.75x | CA$-31.92 Million |
| 2012 | -1.52% | -11.08% | 0.04x | 3.56x | CA$-48.76 Million |
| 2013 | -0.11% | -1.46% | 0.03x | 2.39x | CA$-146.30 Million |
| 2014 | 2.11% | 11.78% | 0.04x | 4.41x | CA$-202.03 Million |
| 2015 | 3.05% | 29.82% | 0.02x | 4.40x | CA$-397.32 Million |
| 2016 | 7.68% | 23.91% | 0.07x | 4.63x | CA$-92.39 Million |
| 2017 | 4.19% | 11.33% | 0.08x | 4.76x | CA$-214.74 Million |
| 2018 | -4.01% | -8.87% | 0.09x | 4.83x | CA$-550.51 Million |
| 2019 | 2.56% | 4.96% | 0.11x | 4.57x | CA$-283.56 Million |
| 2020 | 7.59% | 16.60% | 0.12x | 3.96x | CA$-91.32 Million |
| 2021 | 10.32% | 22.46% | 0.12x | 3.76x | CA$10.91 Million |
| 2022 | 11.13% | 28.05% | 0.10x | 3.89x | CA$41.55 Million |
| 2023 | 8.84% | 18.08% | 0.12x | 4.22x | CA$-45.28 Million |
| 2024 | 13.95% | 17.56% | 0.17x | 4.58x | CA$109.60 Million |
| 2025 | 10.46% | 12.57% | 0.16x | 5.10x | CA$12.48 Million |
Industry Comparison
This section compares Element Fleet Management Corp's net assets metrics with peer companies in the Rental & Leasing Services industry.
Industry Context
- Industry: Rental & Leasing Services
- Average net assets among peers: $400,520,000
- Average return on equity (ROE) among peers: 8.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Element Fleet Management Corp (EFN) | CA$2.66 Billion | -18.11% | 4.03x | $6.26 Billion |
| Black Diamond Group Limited (BDI) | $400.52 Million | 8.70% | 1.55x | $1.05 Billion |
About Element Fleet Management Corp
Element Fleet Management Corp. operates as a fleet management company primarily in Canada, the United States, Mexico, Australia, and New Zealand. The company offers end-to-end fleet solutions, including cars, trucks, and material handling support equipment ordering support. It also provides fleet management solutions, such as vehicle acquisition, maintenance, risk management, route optimization, … Read more