Fiera Capital Corporation (FSZ) - Net Assets
Based on the latest financial reports, Fiera Capital Corporation (FSZ) has net assets worth CA$266.27 Million CAD (≈ $192.61 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$1.22 Billion ≈ $884.52 Million USD) and total liabilities (CA$956.48 Million ≈ $691.90 Million 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 FSZ goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$266.27 Million |
| % of Total Assets | 21.78% |
| Annual Growth Rate | 12.89% |
| 5-Year Change | -36.32% |
| 10-Year Change | -55.37% |
| Growth Volatility | 109.9 |
Fiera Capital Corporation - Net Assets Trend (2004–2025)
This chart illustrates how Fiera Capital Corporation's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Fiera Capital Corporation to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Fiera Capital Corporation (2004–2025)
The table below shows the annual net assets of Fiera Capital Corporation from 2004 to 2025. For live valuation and market cap data, see FSZ market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$266.27 Million ≈ $192.61 Million |
-9.35% |
| 2024-12-31 | CA$293.72 Million ≈ $212.47 Million |
-10.24% |
| 2023-12-31 | CA$327.23 Million ≈ $236.71 Million |
-5.67% |
| 2022-12-31 | CA$346.88 Million ≈ $250.93 Million |
-17.04% |
| 2021-12-31 | CA$418.15 Million ≈ $302.48 Million |
-11.12% |
| 2020-12-31 | CA$470.48 Million ≈ $340.34 Million |
-13.49% |
| 2019-12-31 | CA$543.84 Million ≈ $393.40 Million |
-14.18% |
| 2018-12-31 | CA$633.73 Million ≈ $458.43 Million |
+7.05% |
| 2017-12-31 | CA$592.01 Million ≈ $428.25 Million |
-0.78% |
| 2016-12-31 | CA$596.64 Million ≈ $431.60 Million |
+26.94% |
| 2015-12-31 | CA$470.03 Million ≈ $340.01 Million |
+8.25% |
| 2014-12-31 | CA$434.21 Million ≈ $314.10 Million |
+4.12% |
| 2013-12-31 | CA$417.04 Million ≈ $301.68 Million |
+40.07% |
| 2012-12-31 | CA$297.74 Million ≈ $215.38 Million |
+111.41% |
| 2011-12-31 | CA$140.84 Million ≈ $101.88 Million |
+2.13% |
| 2010-12-31 | CA$137.90 Million ≈ $99.75 Million |
+506.46% |
| 2009-12-31 | CA$22.74 Million ≈ $16.45 Million |
+8.93% |
| 2008-12-31 | CA$20.87 Million ≈ $15.10 Million |
-14.37% |
| 2007-12-31 | CA$24.38 Million ≈ $17.63 Million |
+10.38% |
| 2006-12-31 | CA$22.08 Million ≈ $15.97 Million |
+8.76% |
| 2005-12-31 | CA$20.30 Million ≈ $14.69 Million |
-2.78% |
| 2004-12-31 | CA$20.89 Million ≈ $15.11 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Fiera Capital Corporation'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 decreased by 24405.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$833.06 Million | 318.92% |
| Other Comprehensive Income | CA$-3.10 Million | -1.19% |
| Other Components | CA$23.81 Million | 9.12% |
| Total Equity | CA$261.21 Million | 100.00% |
Fiera Capital Corporation Competitors by Market Cap
The table below lists competitors of Fiera Capital Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bredband2 i Skandinavien AB
ST:BRE2
|
$334.75 Million |
|
MVB Financial Corp
NASDAQ:MVBF
|
$334.87 Million |
|
AMTD Digital Inc.
NYSE:HKD
|
$334.94 Million |
|
Omni Bridgeway Ltd
AU:OBL
|
$335.08 Million |
|
First Tractor Company Limited
F:FTP
|
$334.50 Million |
|
Test Rite International Co Ltd
TW:2908
|
$334.14 Million |
|
BayCom Corp
NASDAQ:BCML
|
$334.13 Million |
|
Chinese Maritime Transport Ltd
TW:2612
|
$334.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fiera Capital Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 285,065,000 to 261,211,000, a change of -23,854,000 (-8.4%).
- Net income of 39,047,000 contributed positively to equity growth.
- Dividend payments of 57,393,000 reduced retained earnings.
- Share repurchases of 13,548,000 reduced equity.
- Other comprehensive income decreased equity by 5,892,000.
- Other factors increased equity by 13,932,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$39.05 Million | +14.95% |
| Dividends Paid | CA$57.39 Million | -21.97% |
| Share Repurchases | CA$13.55 Million | -5.19% |
| Other Comprehensive Income | CA$-5.89 Million | -2.26% |
| Other Changes | CA$13.93 Million | +5.33% |
| Total Change | CA$- | -8.37% |
Book Value vs Market Value Analysis
This analysis compares Fiera Capital Corporation'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: 2.62x
- 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 3.64x to 2.62x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | CA$1.47 | CA$5.34 | x |
| 2005-12-31 | CA$1.44 | CA$5.34 | x |
| 2006-12-31 | CA$1.56 | CA$5.34 | x |
| 2007-12-31 | CA$1.71 | CA$5.34 | x |
| 2008-12-31 | CA$1.48 | CA$5.34 | x |
| 2009-12-31 | CA$1.62 | CA$5.34 | x |
| 2010-12-31 | CA$8.65 | CA$5.34 | x |
| 2011-12-31 | CA$3.81 | CA$5.34 | x |
| 2012-12-31 | CA$6.08 | CA$5.34 | x |
| 2013-12-31 | CA$7.00 | CA$5.34 | x |
| 2014-12-31 | CA$6.28 | CA$5.34 | x |
| 2015-12-31 | CA$6.71 | CA$5.34 | x |
| 2016-12-31 | CA$7.23 | CA$5.34 | x |
| 2017-12-31 | CA$6.74 | CA$5.34 | x |
| 2018-12-31 | CA$6.69 | CA$5.34 | x |
| 2019-12-31 | CA$5.48 | CA$5.34 | x |
| 2020-12-31 | CA$4.50 | CA$5.34 | x |
| 2021-12-31 | CA$3.56 | CA$5.34 | x |
| 2022-12-31 | CA$3.27 | CA$5.34 | x |
| 2023-12-31 | CA$2.45 | CA$5.34 | x |
| 2024-12-31 | CA$2.62 | CA$5.34 | x |
| 2025-12-31 | CA$2.04 | CA$5.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fiera Capital Corporation 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): 14.95%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.96%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 4.68x
- Recent ROE (14.95%) is above the historical average (10.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 20.07% | 17.83% | 0.96x | 1.17x | CA$2.10 Million |
| 2005 | 18.29% | 16.28% | 0.96x | 1.17x | CA$1.68 Million |
| 2006 | 24.17% | 19.57% | 0.92x | 1.34x | CA$3.13 Million |
| 2007 | 30.17% | 19.14% | 1.14x | 1.38x | CA$4.92 Million |
| 2008 | 23.96% | 14.13% | 1.32x | 1.29x | CA$2.91 Million |
| 2009 | 15.45% | 12.92% | 1.00x | 1.20x | CA$1.24 Million |
| 2010 | 2.53% | 8.43% | 0.25x | 1.21x | CA$-10.30 Million |
| 2011 | 6.23% | 12.50% | 0.43x | 1.16x | CA$-5.31 Million |
| 2012 | 0.81% | 2.62% | 0.18x | 1.74x | CA$-27.35 Million |
| 2013 | 3.59% | 9.72% | 0.20x | 1.87x | CA$-26.67 Million |
| 2014 | 6.29% | 12.36% | 0.29x | 1.77x | CA$-16.22 Million |
| 2015 | 5.82% | 10.69% | 0.30x | 1.80x | CA$-19.86 Million |
| 2016 | 3.67% | 6.04% | 0.29x | 2.12x | CA$-35.85 Million |
| 2017 | 1.80% | 2.32% | 0.38x | 2.03x | CA$-48.58 Million |
| 2018 | -0.79% | -0.93% | 0.37x | 2.31x | CA$-68.31 Million |
| 2019 | -2.47% | -2.06% | 0.38x | 3.14x | CA$-67.70 Million |
| 2020 | -0.72% | -0.49% | 0.46x | 3.22x | CA$-50.18 Million |
| 2021 | 17.71% | 9.97% | 0.50x | 3.54x | CA$32.00 Million |
| 2022 | 7.43% | 3.81% | 0.50x | 3.90x | CA$-8.75 Million |
| 2023 | 18.12% | 8.65% | 0.52x | 3.99x | CA$26.19 Million |
| 2024 | 8.77% | 3.70% | 0.54x | 4.39x | CA$-3.52 Million |
| 2025 | 14.95% | 5.96% | 0.54x | 4.68x | CA$12.93 Million |
Industry Comparison
This section compares Fiera Capital Corporation's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $869,663,042
- Average return on equity (ROE) among peers: 9.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fiera Capital Corporation (FSZ) | CA$266.27 Million | 20.07% | 3.59x | $334.73 Million |
| Aberdeen International Inc. (AAB) | $52.57 Million | 31.52% | 0.07x | $3.49 Million |
| Base Carbon Inc. (BCBN) | $103.01 Million | -28.06% | 0.09x | $52.58 Million |
| Canadian Banc Corp (BK) | $184.35 Million | 1.73% | 0.92x | $562.96 Million |
| Brookfield Corporation (BN) | $4.18 Billion | 6.97% | 0.79x | $102.06 Billion |
| Sprott Physical Gold and Silver Trust (CEF) | $1.24 Billion | 17.63% | 0.00x | $8.19 Billion |
| Canadian General Investments Ltd (CGI) | $533.40 Million | 17.99% | 0.28x | $795.13 Million |
| CI Financial Corp (CIX) | $1.61 Billion | 15.20% | 0.87x | $3.32 Billion |
| Clairvest Group Inc. (CVG) | $447.69 Million | 11.62% | 0.19x | $752.17 Million |
| Cymbria Corporation (CYB) | $317.74 Million | 0.50% | 0.02x | $1.01 Billion |
| Dividend 15 Split Corp II (DF) | $26.96 Million | 20.05% | 1.90x | $163.92 Million |
About Fiera Capital Corporation
Fiera Capital Corporation is an publicly owned investment manager. The firm primarily provides its services to institutional investors, financial intermediaries, high net worth individuals, family offices, foundations, and endowments. The firm manages separate client-focused mutual funds, pooled funds, and alternative investment vehicles. The firm invests in equities, fixed income, balanced, alte… Read more