US Financial 15 Split Corp
US Financial 15 Split Corp is a closed ended equity mutual fund launched by Quadravest Inc. It is managed by Quadravest Capital Management Inc. The fund invests in the public equity markets of the United States. It seeks to invest in companies operating in the financial services sector. US Financial 15 Split Corp was formed on December 17, 2004 and is domiciled in Canada.
US Financial 15 Split Corp (FTU) - Net Assets
Latest net assets as of May 2025: CA$0.00 CAD
Based on the latest financial reports, US Financial 15 Split Corp (FTU) has net assets worth CA$0.00 CAD as of May 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$11.24 Million) and total liabilities (CA$11.24 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$0.00 |
| % of Total Assets | 0% |
| Annual Growth Rate | N/A |
| 5-Year Change | -100.0% |
| 10-Year Change | N/A |
| Growth Volatility | 46.65 |
US Financial 15 Split Corp - Net Assets Trend (2003–2024)
This chart illustrates how US Financial 15 Split Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for US Financial 15 Split Corp (2003–2024)
The table below shows the annual net assets of US Financial 15 Split Corp from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-11-30 | CA$0.00 | -- |
| 2023-11-30 | CA$0.00 | -- |
| 2022-11-30 | CA$0.00 | -- |
| 2021-11-30 | CA$15.47 Million | +23.11% |
| 2020-11-30 | CA$12.57 Million | -22.07% |
| 2019-11-30 | CA$16.13 Million | -- |
| 2018-11-30 | CA$0.00 | -- |
| 2017-11-30 | CA$0.00 | -- |
| 2016-11-30 | CA$0.00 | -- |
| 2015-11-30 | CA$0.00 | -- |
| 2014-11-30 | CA$0.00 | -- |
| 2013-11-30 | CA$0.00 | -- |
| 2012-11-30 | CA$-209.70K | -- |
| 2011-11-30 | CA$0.00 | -- |
| 2010-11-30 | CA$0.00 | -- |
| 2009-11-30 | CA$0.00 | -- |
| 2008-11-30 | CA$0.00 | -- |
| 2007-11-30 | CA$160.64 Million | -18.43% |
| 2006-11-30 | CA$196.94 Million | +7.02% |
| 2005-11-30 | CA$184.02 Million | +15.98% |
| 2004-11-30 | CA$158.67 Million | +8.39% |
| 2003-11-30 | CA$146.38 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to US Financial 15 Split 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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$1.00K | 100.00% |
| Total Equity | CA$1.00K | 100.00% |
US Financial 15 Split Corp Competitors by Market Cap
The table below lists competitors of US Financial 15 Split Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mega Fortris Berhad
KLSE:5327
|
$2.57K |
|
Biopower Operations Corp
PINK:BOPO
|
$2.57K |
|
PRECISION AIR SERVICES PLC
DSE:PAL
|
$2.57K |
|
CRITICAL ELEMENTS
BE:F12
|
$2.57K |
|
Veridetx Corp
PINK:WBSI
|
$2.56K |
|
Prestwick Capital Corporation Limited
V:PWIK-P
|
$2.56K |
|
Samcrete Misr Preferred Shares
EGX:SMCSA
|
$2.56K |
|
Pricer AB
STU:PRRB
|
$2.55K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in US Financial 15 Split Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,000 to 1,000, a change of 0 (0.0%).
- Net income of 5,911,180 contributed positively to equity growth.
- Dividend payments of 1,202,787 reduced retained earnings.
- Share repurchases of 475,615 reduced equity.
- Other factors decreased equity by 4,232,778.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$5.91 Million | +591118.0% |
| Dividends Paid | CA$1.20 Million | -120278.7% |
| Share Repurchases | CA$475.62K | -47561.5% |
| Other Changes | CA$-4.23 Million | -423277.8% |
| Total Change | CA$- | 0.00% |
Book Value vs Market Value Analysis
This analysis compares US Financial 15 Split 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: 700.96x
- 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 increased from 0.01x to 700.96x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-11-30 | CA$27.67 | CA$0.38 | x |
| 2004-11-30 | CA$29.99 | CA$0.38 | x |
| 2005-11-30 | CA$34.78 | CA$0.38 | x |
| 2006-11-30 | CA$37.20 | CA$0.38 | x |
| 2007-11-30 | CA$84.47 | CA$0.38 | x |
| 2008-11-30 | CA$-33.31 | CA$0.38 | x |
| 2009-11-30 | CA$-28.18 | CA$0.38 | x |
| 2010-11-30 | CA$-28.17 | CA$0.38 | x |
| 2011-11-30 | CA$28.17 | CA$0.38 | x |
| 2012-11-30 | CA$-0.15 | CA$0.38 | x |
| 2013-11-30 | CA$-15.19 | CA$0.38 | x |
| 2014-11-30 | CA$-17.30 | CA$0.38 | x |
| 2015-11-30 | CA$0.00 | CA$0.38 | x |
| 2016-11-30 | CA$0.00 | CA$0.38 | x |
| 2017-11-30 | CA$0.00 | CA$0.38 | x |
| 2018-11-30 | CA$0.00 | CA$0.38 | x |
| 2019-11-30 | CA$8.48 | CA$0.38 | x |
| 2020-11-30 | CA$6.61 | CA$0.38 | x |
| 2021-11-30 | CA$8.14 | CA$0.38 | x |
| 2022-11-30 | CA$0.00 | CA$0.38 | x |
| 2023-11-30 | CA$0.00 | CA$0.38 | x |
| 2024-11-30 | CA$0.00 | CA$0.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently US Financial 15 Split Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 591118.00%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 96.17%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 15440.58x
- Recent ROE (591118.00%) is above the historical average (77500.55%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 0.41% | 82.77% | 0.00x | 1.74x | CA$-14.04 Million |
| 2004 | 13.38% | 287.84% | 0.03x | 1.70x | CA$5.36 Million |
| 2005 | 22.37% | 527.41% | 0.03x | 1.63x | CA$22.75 Million |
| 2006 | 16.32% | 392.50% | 0.03x | 1.56x | CA$12.45 Million |
| 2007 | -9.24% | -160.06% | 0.04x | 1.65x | CA$-30.91 Million |
| 2008 | 0.00% | -50.00% | 0.07x | 0.00x | CA$5.26 Million |
| 2009 | 0.00% | 9.21% | 0.02x | 0.00x | CA$4.76 Million |
| 2012 | 0.00% | -94.16% | 0.02x | 0.00x | CA$-188.73K |
| 2013 | 0.00% | 25.85% | 0.03x | 0.00x | CA$3.56 Million |
| 2014 | 0.00% | 48.33% | 0.04x | 0.00x | CA$5.10 Million |
| 2015 | 471163.10% | 95.05% | 0.21x | 24150.47x | CA$4.71 Million |
| 2016 | 315535.40% | 92.95% | 0.14x | 23941.41x | CA$3.16 Million |
| 2017 | 328607.30% | 92.95% | 0.13x | 27185.11x | CA$3.29 Million |
| 2018 | 29108.80% | 52.90% | 0.02x | 24927.51x | CA$290.99K |
| 2019 | 5.59% | 78.37% | 0.07x | 1.01x | CA$-711.62K |
| 2020 | -18.63% | 0.00% | -0.17x | 1.01x | CA$-3.60 Million |
| 2021 | 28.59% | 95.24% | 0.30x | 1.01x | CA$2.88 Million |
| 2022 | -60671.40% | 0.00% | -0.02x | 13683.08x | CA$-606.81K |
| 2023 | -124908.90% | 0.00% | -0.09x | 11223.86x | CA$-1.25 Million |
| 2024 | 591118.00% | 96.17% | 0.40x | 15440.58x | CA$5.91 Million |
Industry Comparison
This section compares US Financial 15 Split Corp's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $398,436,303
- Average return on equity (ROE) among peers: -4.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| US Financial 15 Split Corp (FTU) | CA$0.00 | 0.41% | N/A | $2.57K |
| Alaris Equity Partners Income Trust (AD-UN) | $604.54 Million | 1.97% | 0.32x | $616.42 Million |
| AI Artificial Intelligence Ventures Inc. (AIVC) | $4.27 Million | -129.03% | 0.20x | $5.48 Million |
| Brookfield Global Infrastructure Securities Income Fund (BGI-UN) | $354.64 Million | 11.23% | 0.49x | $48.58K |
| Bankers Petroleum Ltd (BNK) | $28.51 Million | 46.55% | 0.58x | $113.70K |
| Sprott Physical Gold and Silver Trust (CEF) | $1.20 Billion | -29.28% | 0.00x | $452.56K |
| Canso Select Opportunities Corporation (CSOC-B) | $12.03 Million | -8.99% | 0.00x | $8.94 Million |
| CoTec Holdings Corp. (CTH) | $-59.00K | 0.00% | 0.00x | $51.82 Million |
| Clairvest Group Inc. (CVG) | $1.25 Billion | 9.75% | 0.14x | $159.95 Million |
| Dividend Growth Split Corp (DGS) | $296.85 Million | 37.60% | 1.53x | $52.33K |
| E Split Corp Class A (ENS) | $227.99 Million | 17.94% | 0.77x | $118.61K |