Element Fleet Management Corp (EFN) - Net Assets
Based on the latest financial reports, Element Fleet Management Corp (EFN) has net assets worth CA$2.83 Billion CAD (≈ $2.05 Billion 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$14.08 Billion ≈ $10.19 Billion USD) and total liabilities (CA$11.25 Billion ≈ $8.14 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. Read Element Fleet Management Corp (EFN) financial obligations for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$2.83 Billion |
| % of Total Assets | 20.08% |
| Annual Growth Rate | 84.74% |
| 5-Year Change | -26.44% |
| 10-Year Change | -51.31% |
| Growth Volatility | 1175.05 |
Element Fleet Management Corp - Net Assets Trend (2009–2024)
This chart illustrates how Element Fleet Management Corp's net assets have evolved over time, based on quarterly financial data. Also explore EFN asset base for the complete picture of this company's asset base.
Annual Net Assets for Element Fleet Management Corp (2009–2024)
The table below shows the annual net assets of Element Fleet Management Corp from 2009 to 2024. For live valuation and market cap data, see Element Fleet Management Corp (EFN) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$2.78 Billion ≈ $2.01 Billion |
+186.71% |
| 2023-12-31 | CA$-3.21 Billion ≈ $-2.32 Billion |
-187.21% |
| 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 ≈ $2.76 Billion |
+196.07% |
| 2018-12-31 | CA$-3.97 Billion ≈ $-2.87 Billion |
-39.53% |
| 2017-12-31 | CA$-2.84 Billion ≈ $-2.06 Billion |
-171.44% |
| 2016-12-31 | CA$3.98 Billion ≈ $2.88 Billion |
-30.37% |
| 2015-12-31 | CA$5.72 Billion ≈ $4.14 Billion |
+1586.03% |
| 2014-12-31 | CA$339.11 Million ≈ $245.31 Million |
-71.99% |
| 2013-12-31 | CA$1.21 Billion ≈ $875.81 Million |
+196.97% |
| 2012-12-31 | CA$407.69 Million ≈ $294.92 Million |
+82.76% |
| 2011-12-31 | CA$223.07 Million ≈ $161.37 Million |
+1950.98% |
| 2010-12-31 | CA$10.88 Million ≈ $7.87 Million |
+3792.88% |
| 2009-12-31 | CA$279.39K ≈ $202.11K |
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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 65018362700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$649.78 Million | 23.44% |
| Common Stock | CA$2.26 Billion | 81.61% |
| Other Comprehensive Income | CA$-140.00 Million | -5.05% |
| Total Equity | CA$2.77 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 |
|---|---|
|
Littelfuse Inc
NASDAQ:LFUS
|
$9.26 Billion |
|
Companhia Paranaense de Energia - COPEL
SA:CPLE3
|
$9.27 Billion |
|
Wuhan Guide Infrared Co Ltd
SHE:002414
|
$9.27 Billion |
|
Fiberhome Telecommunication Technologies Co Ltd
SHG:600498
|
$9.28 Billion |
|
Core & Main Inc
NYSE:CNM
|
$9.26 Billion |
|
MARKS SPENCER ADR LS-25
F:MA6A
|
$9.25 Billion |
|
Chifeng Jilong Gold Mining Co Ltd
SHG:600988
|
$9.25 Billion |
|
Lotes Co Ltd
TW:3533
|
$9.25 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 2023 to 2024, total equity changed from 2,936,774,539 to 2,771,681,567, a change of -165,092,972 (-5.6%).
- Net income of 386,769,521 contributed positively to equity growth.
- Dividend payments of 211,033,955 reduced retained earnings.
- Share repurchases of 15,603,276 reduced equity.
- New share issuances of 2,479,000 increased equity.
- Other comprehensive income decreased equity by 368,456,285.
- Other factors increased equity by 40,752,023.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$386.77 Million | +13.95% |
| Dividends Paid | CA$211.03 Million | -7.61% |
| Share Repurchases | CA$15.60 Million | -0.56% |
| Share Issuances | CA$2.48 Million | +0.09% |
| Other Comprehensive Income | CA$-368.46 Million | -13.29% |
| Other Changes | CA$40.75 Million | +1.47% |
| Total Change | CA$- | -5.62% |
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: 4.67x
- 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 94.92x to 4.67x 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$0.34 | CA$32.01 | x |
| 2012-12-31 | CA$5.34 | CA$32.01 | x |
| 2013-12-31 | CA$10.37 | CA$32.01 | x |
| 2014-12-31 | CA$11.13 | CA$32.01 | x |
| 2015-12-31 | CA$18.36 | CA$32.01 | x |
| 2016-12-31 | CA$10.14 | CA$32.01 | x |
| 2017-12-31 | CA$7.58 | CA$32.01 | x |
| 2018-12-31 | CA$8.03 | CA$32.01 | x |
| 2019-12-31 | CA$8.75 | CA$32.01 | x |
| 2020-12-31 | CA$8.34 | CA$32.01 | x |
| 2021-12-31 | CA$7.85 | CA$32.01 | x |
| 2022-12-31 | CA$8.91 | CA$32.01 | x |
| 2023-12-31 | CA$7.25 | CA$32.01 | x |
| 2024-12-31 | CA$6.86 | CA$32.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Element Fleet Management Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.95%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.56%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 4.58x
- Recent ROE (13.95%) is above the historical average (2.94%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | -18.11% | -83.85% | 0.03x | 6.24x | CA$-2.25 Million |
| 2012 | -1.52% | -17.42% | 0.02x | 3.58x | CA$-48.00 Million |
| 2013 | -0.11% | -1.48% | 0.03x | 2.24x | CA$-145.15 Million |
| 2014 | 1.91% | 10.66% | 0.05x | 3.44x | CA$-207.19 Million |
| 2015 | 2.20% | 21.52% | 0.02x | 4.40x | CA$-445.85 Million |
| 2016 | 7.68% | 23.91% | 0.07x | 4.63x | CA$-92.39 Million |
| 2017 | 4.13% | 8.91% | 0.12x | 3.74x | CA$-172.47 Million |
| 2018 | -5.01% | -23.99% | 0.06x | 3.50x | CA$-472.23 Million |
| 2019 | 1.92% | 6.48% | 0.06x | 4.57x | CA$-307.89 Million |
| 2020 | 5.94% | 20.11% | 0.07x | 3.96x | CA$-153.52 Million |
| 2021 | 8.09% | 24.28% | 0.09x | 3.76x | CA$-65.91 Million |
| 2022 | 8.29% | 20.90% | 0.10x | 3.89x | CA$-62.80 Million |
| 2023 | 11.74% | 18.08% | 0.20x | 3.19x | CA$51.09 Million |
| 2024 | 13.95% | 17.56% | 0.17x | 4.58x | CA$109.60 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: $327,054,000
- Average return on equity (ROE) among peers: 7.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Element Fleet Management Corp (EFN) | CA$2.83 Billion | -18.11% | 3.98x | $9.26 Billion |
| Black Diamond Group Limited (BDI) | $327.05 Million | 7.84% | 1.29x | $813.30 Million |
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 cars, trucks, and material handling support equipment ordering support; and electric vehicle fleet solutions, including fleet planning, charging infrastructure, acquisition, financing, maintenance, and remarketing. It… Read more