Economic Investment Trust Ltd
Economic Investment Trust Limited is a closed-ended equity mutual fund launched and managed by Burgundy Asset Management Ltd. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the S&P/TSX Composite Index, MSCI World Index, and S&P 500 Index. Econom… Read more
Economic Investment Trust Ltd (EVT) - Net Assets
Latest net assets as of September 2025: CA$1.48 Billion CAD
Based on the latest financial reports, Economic Investment Trust Ltd (EVT) has net assets worth CA$1.48 Billion CAD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$1.63 Billion) and total liabilities (CA$153.66 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$1.48 Billion |
| % of Total Assets | 90.59% |
| Annual Growth Rate | 6.75% |
| 5-Year Change | 44.26% |
| 10-Year Change | 77.45% |
| Growth Volatility | 8.96 |
Economic Investment Trust Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Economic Investment Trust Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Economic Investment Trust Ltd (2014–2024)
The table below shows the annual net assets of Economic Investment Trust Ltd from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$1.32 Billion | +19.32% |
| 2023-12-31 | CA$1.11 Billion | +9.78% |
| 2022-12-31 | CA$1.01 Billion | -8.12% |
| 2021-12-31 | CA$1.10 Billion | +19.88% |
| 2020-12-31 | CA$915.99 Million | +1.37% |
| 2019-12-31 | CA$903.62 Million | +12.59% |
| 2018-12-31 | CA$802.57 Million | -5.96% |
| 2017-12-31 | CA$853.47 Million | +9.93% |
| 2016-12-31 | CA$776.40 Million | +4.26% |
| 2015-12-31 | CA$744.71 Million | +8.32% |
| 2014-12-31 | CA$687.49 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Economic Investment Trust Ltd'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 133.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$1.12 Billion | 85.04% |
| Common Stock | CA$197.63 Million | 14.96% |
| Total Equity | CA$1.32 Billion | 100.00% |
Economic Investment Trust Ltd Competitors by Market Cap
The table below lists competitors of Economic Investment Trust Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Maj Invest - Globale Obligationer
CO:MAJGO
|
$137.86K |
|
Sprott Physical Uranium Trust
OTCQX:SRUUF
|
$137.87K |
|
PortfolMan OthanStabUCITS kl n
CO:PMIOSU
|
$138.01K |
|
Endeavor Bank
OTCQX:EDVR
|
$138.18K |
|
BOEF39
SA:BOEF39
|
$137.71K |
|
Hoyne Bancorp, Inc. Common Stock
NASDAQ:HYNE
|
$137.70K |
|
MODUS THERAPEUTICS HLDG
F:99Z
|
$137.63K |
|
IHI Corp
BE:IWJ
|
$137.43K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Economic Investment Trust Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,107,495,000 to 1,321,444,000, a change of 213,949,000 (19.3%).
- Net income of 272,890,000 contributed positively to equity growth.
- Dividend payments of 58,428,000 reduced retained earnings.
- Share repurchases of 513,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$272.89 Million | +20.65% |
| Dividends Paid | CA$58.43 Million | -4.42% |
| Share Repurchases | CA$513.00K | -0.04% |
| Total Change | CA$- | 19.32% |
Book Value vs Market Value Analysis
This analysis compares Economic Investment Trust Ltd'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: 0.89x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.16x to 0.89x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CA$138.26 | CA$21.75 | x |
| 2017-12-31 | CA$151.98 | CA$21.75 | x |
| 2018-12-31 | CA$142.92 | CA$21.75 | x |
| 2019-12-31 | CA$160.91 | CA$21.75 | x |
| 2020-12-31 | CA$163.93 | CA$21.75 | x |
| 2021-12-31 | CA$196.60 | CA$21.75 | x |
| 2022-12-31 | CA$184.62 | CA$21.75 | x |
| 2023-12-31 | CA$20.41 | CA$21.75 | x |
| 2024-12-31 | CA$24.37 | CA$21.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Economic Investment Trust Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 20.65%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 88.00%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 1.09x
- Recent ROE (20.65%) is above the historical average (8.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 4.40% | 82.18% | 0.05x | 1.08x | CA$-38.49 Million |
| 2015 | 8.71% | 82.90% | 0.10x | 1.09x | CA$-9.62 Million |
| 2016 | 5.13% | 81.60% | 0.06x | 1.09x | CA$-37.80 Million |
| 2017 | 10.70% | 84.03% | 0.12x | 1.09x | CA$5.99 Million |
| 2018 | -4.94% | 0.00% | -0.05x | 1.09x | CA$-119.93 Million |
| 2019 | 12.56% | 84.49% | 0.14x | 1.09x | CA$23.15 Million |
| 2020 | 3.29% | 84.79% | 0.04x | 1.08x | CA$-61.50 Million |
| 2021 | 19.29% | 87.76% | 0.20x | 1.09x | CA$102.00 Million |
| 2022 | -1.73% | 0.00% | -0.02x | 1.09x | CA$-118.35 Million |
| 2023 | 12.44% | 84.85% | 0.14x | 1.08x | CA$27.06 Million |
| 2024 | 20.65% | 88.00% | 0.21x | 1.09x | CA$140.75 Million |
Industry Comparison
This section compares Economic Investment Trust Ltd's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Economic Investment Trust Ltd (EVT) | CA$1.48 Billion | 4.40% | 0.10x | $137.78K |
| Precious Metals And Mining Trust (MMP-UN) | $59.10 Million | -128.52% | 0.02x | $27.12K |
| Canso Credit Trust - Canso Credit Income Fund (PBY-UN) | $140.88 Million | 3.37% | 0.01x | $101.44K |