Empire Company Limited (EMP-A) - Net Assets
Based on the latest financial reports, Empire Company Limited (EMP-A) has net assets worth CA$5.05 Billion CAD (≈ $3.65 Billion USD) as of January 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$17.07 Billion ≈ $12.35 Billion USD) and total liabilities (CA$12.03 Billion ≈ $8.70 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. Check how resilient are Empire Company Limited's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$5.05 Billion |
| % of Total Assets | 29.56% |
| Annual Growth Rate | 8.8% |
| 5-Year Change | 23.25% |
| 10-Year Change | 50.53% |
| Growth Volatility | 22.3 |
Empire Company Limited - Net Assets Trend (1996–2025)
This chart illustrates how Empire Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore Empire Company Limited asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Empire Company Limited (1996–2025)
The table below shows the annual net assets of Empire Company Limited from 1996 to 2025. For live valuation and market cap data, see market value of Empire Company Limited.
| Year | Net Assets | Change |
|---|---|---|
| 2025-04-30 | CA$5.54 Billion ≈ $4.01 Billion |
+1.37% |
| 2024-04-30 | CA$5.47 Billion ≈ $3.96 Billion |
+2.48% |
| 2023-04-30 | CA$5.34 Billion ≈ $3.86 Billion |
+3.95% |
| 2022-04-30 | CA$5.13 Billion ≈ $3.71 Billion |
+14.14% |
| 2021-04-30 | CA$4.50 Billion ≈ $3.25 Billion |
+12.06% |
| 2020-04-30 | CA$4.01 Billion ≈ $2.90 Billion |
-1.69% |
| 2019-04-30 | CA$4.08 Billion ≈ $2.95 Billion |
+8.31% |
| 2018-04-30 | CA$3.77 Billion ≈ $2.73 Billion |
+1.81% |
| 2017-04-30 | CA$3.70 Billion ≈ $2.68 Billion |
+0.53% |
| 2016-04-30 | CA$3.68 Billion ≈ $2.66 Billion |
-38.99% |
| 2015-04-30 | CA$6.04 Billion ≈ $4.37 Billion |
+5.14% |
| 2014-04-30 | CA$5.74 Billion ≈ $4.15 Billion |
+52.86% |
| 2013-04-30 | CA$3.76 Billion ≈ $2.72 Billion |
+9.46% |
| 2012-04-30 | CA$3.43 Billion ≈ $2.48 Billion |
+4.46% |
| 2011-04-30 | CA$3.28 Billion ≈ $2.38 Billion |
+9.93% |
| 2010-04-30 | CA$2.99 Billion ≈ $2.16 Billion |
+9.76% |
| 2009-04-30 | CA$2.72 Billion ≈ $1.97 Billion |
+12.50% |
| 2008-04-30 | CA$2.42 Billion ≈ $1.75 Billion |
-11.22% |
| 2007-04-30 | CA$2.73 Billion ≈ $1.97 Billion |
+6.86% |
| 2006-04-30 | CA$2.55 Billion ≈ $1.85 Billion |
+12.59% |
| 2005-04-30 | CA$2.27 Billion ≈ $1.64 Billion |
+6.71% |
| 2004-04-30 | CA$2.12 Billion ≈ $1.54 Billion |
+7.96% |
| 2003-04-30 | CA$1.97 Billion ≈ $1.42 Billion |
+10.97% |
| 2002-04-30 | CA$1.77 Billion ≈ $1.28 Billion |
+16.43% |
| 2001-04-30 | CA$1.52 Billion ≈ $1.10 Billion |
+66.26% |
| 2000-04-30 | CA$915.40 Million ≈ $662.19 Million |
-10.65% |
| 1999-04-30 | CA$1.02 Billion ≈ $741.11 Million |
+83.50% |
| 1998-04-30 | CA$558.30 Million ≈ $403.87 Million |
+16.39% |
| 1997-04-30 | CA$479.70 Million ≈ $347.01 Million |
-0.10% |
| 1996-04-30 | CA$480.20 Million ≈ $347.37 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Empire Company Limited'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 1854.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (April 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$3.70 Billion | 68.34% |
| Common Stock | CA$1.66 Billion | 30.70% |
| Other Comprehensive Income | CA$22.00 Million | 0.41% |
| Other Components | CA$30.00 Million | 0.55% |
| Total Equity | CA$5.41 Billion | 100.00% |
Empire Company Limited Competitors by Market Cap
The table below lists competitors of Empire Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Far Eastern New Century Corp
TW:1402
|
$4.34 Billion |
|
Western Gold Co Ltd
SHG:601069
|
$4.34 Billion |
|
SentinelOne Inc
NYSE:S
|
$4.35 Billion |
|
Endeavour Group Ltd
AU:EDV
|
$4.35 Billion |
|
CommScope Holding Co Inc
NASDAQ:COMM
|
$4.34 Billion |
|
VISTA ENERGY 1 A ADR/1
F:1CIA
|
$4.34 Billion |
|
ACI Worldwide Inc
NASDAQ:ACIW
|
$4.34 Billion |
|
Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság
F:MGYB
|
$4.34 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Empire Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,341,100,000 to 5,410,000,000, a change of 68,900,000 (1.3%).
- Net income of 700,000,000 contributed positively to equity growth.
- Dividend payments of 192,000,000 reduced retained earnings.
- Share repurchases of 400,000,000 reduced equity.
- Other comprehensive income increased equity by 2,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$700.00 Million | +12.94% |
| Dividends Paid | CA$192.00 Million | -3.55% |
| Share Repurchases | CA$400.00 Million | -7.39% |
| Other Comprehensive Income | CA$2.00 Million | +0.04% |
| Other Changes | CA$-41.10 Million | -0.76% |
| Total Change | CA$- | 1.29% |
Book Value vs Market Value Analysis
This analysis compares Empire Company Limited'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: 2.06x
- 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 22.01x to 2.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-04-30 | CA$2.12 | CA$46.68 | x |
| 1997-04-30 | CA$2.16 | CA$46.68 | x |
| 1998-04-30 | CA$2.51 | CA$46.68 | x |
| 1999-04-30 | CA$3.28 | CA$46.68 | x |
| 2000-04-30 | CA$2.58 | CA$46.68 | x |
| 2001-04-30 | CA$5.66 | CA$46.68 | x |
| 2002-04-30 | CA$6.47 | CA$46.68 | x |
| 2003-04-30 | CA$7.22 | CA$46.68 | x |
| 2004-04-30 | CA$7.99 | CA$46.68 | x |
| 2005-04-30 | CA$8.66 | CA$46.68 | x |
| 2006-04-30 | CA$9.97 | CA$46.68 | x |
| 2007-04-30 | CA$10.83 | CA$46.68 | x |
| 2008-04-30 | CA$12.09 | CA$46.68 | x |
| 2009-04-30 | CA$13.59 | CA$46.68 | x |
| 2010-04-30 | CA$14.37 | CA$46.68 | x |
| 2011-04-30 | CA$15.88 | CA$46.68 | x |
| 2012-04-30 | CA$16.63 | CA$46.68 | x |
| 2013-04-30 | CA$18.24 | CA$46.68 | x |
| 2014-04-30 | CA$23.69 | CA$46.68 | x |
| 2015-04-30 | CA$21.59 | CA$46.68 | x |
| 2016-04-30 | CA$13.21 | CA$46.68 | x |
| 2017-04-30 | CA$13.40 | CA$46.68 | x |
| 2018-04-30 | CA$13.61 | CA$46.68 | x |
| 2019-04-30 | CA$14.69 | CA$46.68 | x |
| 2020-04-30 | CA$14.46 | CA$46.68 | x |
| 2021-04-30 | CA$16.24 | CA$46.68 | x |
| 2022-04-30 | CA$18.75 | CA$46.68 | x |
| 2023-04-30 | CA$20.05 | CA$46.68 | x |
| 2024-04-30 | CA$21.50 | CA$46.68 | x |
| 2025-04-30 | CA$22.67 | CA$46.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Empire Company Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.94%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.23%
- • Asset Turnover: 1.84x
- • Equity Multiplier: 3.15x
- Recent ROE (12.94%) is above the historical average (10.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 4.57% | 0.74% | 1.68x | 3.65x | CA$-25.79 Million |
| 1997 | 11.03% | 1.68% | 1.75x | 3.75x | CA$4.95 Million |
| 1998 | 15.73% | 2.64% | 1.74x | 3.42x | CA$31.97 Million |
| 1999 | 18.30% | 2.12% | 1.59x | 5.45x | CA$61.23 Million |
| 2000 | 14.40% | 0.78% | 2.68x | 6.92x | CA$26.52 Million |
| 2001 | 52.02% | 5.03% | 2.71x | 3.82x | CA$468.50 Million |
| 2002 | 15.18% | 1.97% | 2.30x | 3.34x | CA$66.90 Million |
| 2003 | 10.78% | 1.45% | 2.35x | 3.16x | CA$11.19 Million |
| 2004 | 10.98% | 1.53% | 2.41x | 2.97x | CA$15.42 Million |
| 2005 | 10.92% | 1.50% | 2.52x | 2.88x | CA$15.70 Million |
| 2006 | 15.10% | 2.26% | 2.61x | 2.57x | CA$100.28 Million |
| 2007 | 9.84% | 1.57% | 2.56x | 2.45x | CA$-3.44 Million |
| 2008 | 13.26% | 2.25% | 2.46x | 2.40x | CA$77.57 Million |
| 2009 | 9.91% | 1.77% | 2.55x | 2.20x | CA$-2.45 Million |
| 2010 | 10.23% | 1.95% | 2.48x | 2.12x | CA$6.66 Million |
| 2011 | 11.37% | 2.31% | 2.45x | 2.02x | CA$44.60 Million |
| 2012 | 9.99% | 2.08% | 2.36x | 2.04x | CA$-230.00K |
| 2013 | 10.33% | 2.20% | 2.45x | 1.92x | CA$12.18 Million |
| 2014 | 4.13% | 1.12% | 1.72x | 2.15x | CA$-334.65 Million |
| 2015 | 7.00% | 1.74% | 2.10x | 1.92x | CA$-179.38 Million |
| 2016 | -58.85% | -8.62% | 2.71x | 2.52x | CA$-2.49 Billion |
| 2017 | 4.35% | 0.66% | 2.75x | 2.39x | CA$-205.92 Million |
| 2018 | 4.31% | 0.66% | 2.81x | 2.34x | CA$-210.78 Million |
| 2019 | 9.67% | 1.53% | 2.63x | 2.40x | CA$-13.03 Million |
| 2020 | 14.87% | 2.19% | 1.82x | 3.73x | CA$191.04 Million |
| 2021 | 16.04% | 2.48% | 1.87x | 3.47x | CA$264.23 Million |
| 2022 | 14.94% | 2.46% | 1.82x | 3.32x | CA$246.65 Million |
| 2023 | 13.19% | 2.24% | 1.86x | 3.17x | CA$165.96 Million |
| 2024 | 13.58% | 2.35% | 1.83x | 3.14x | CA$191.09 Million |
| 2025 | 12.94% | 2.23% | 1.84x | 3.15x | CA$159.00 Million |
Industry Comparison
This section compares Empire Company Limited's net assets metrics with peer companies in the Grocery Stores industry.
Industry Context
- Industry: Grocery Stores
- Average net assets among peers: $5,279,475,000
- Average return on equity (ROE) among peers: 9.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Empire Company Limited (EMP-A) | CA$5.05 Billion | 4.57% | 2.38x | $4.34 Billion |
| Loblaw Companies Limited (L) | $5.56 Billion | 5.93% | 1.46x | $53.17 Billion |
| Metro Inc. (MRU) | $2.27 Billion | 15.60% | 1.05x | $14.06 Billion |
| North West Company Inc (NWC) | $147.70 Million | 11.65% | 1.24x | $1.75 Billion |
| George Weston Limited (WN) | $13.14 Billion | 3.28% | 2.58x | $27.01 Billion |
About Empire Company Limited
Empire Company Limited, together with its subsidiaries, engages in the food retail and related real estate businesses in Canada. It operates through two segments, Food Retailing, and Investments and Other Operations. The company owns, affiliates, and franchises retail stores under the Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Farm Boy, Longo's, and Lawtons Drugs brands; operates gro… Read more