Goodfellow Inc. (GDL) - Net Assets
Based on the latest financial reports, Goodfellow Inc. (GDL) has net assets worth CA$207.08 Million CAD as of August 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$310.43 Million) and total liabilities (CA$103.35 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$207.08 Million |
| % of Total Assets | 66.71% |
| Annual Growth Rate | 6.39% |
| 5-Year Change | 70.1% |
| 10-Year Change | 60.97% |
| Growth Volatility | 7.89 |
Goodfellow Inc. - Net Assets Trend (1997–2024)
This chart illustrates how Goodfellow Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Goodfellow Inc. (1997–2024)
The table below shows the annual net assets of Goodfellow Inc. from 1997 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-11-30 | CA$206.21 Million | +5.75% |
| 2023-11-30 | CA$195.00 Million | +4.40% |
| 2022-11-30 | CA$186.78 Million | +16.05% |
| 2021-11-30 | CA$160.95 Million | +32.76% |
| 2020-11-30 | CA$121.23 Million | +6.90% |
| 2019-11-30 | CA$113.41 Million | +0.48% |
| 2018-11-30 | CA$112.86 Million | +3.13% |
| 2017-11-30 | CA$109.43 Million | -1.14% |
| 2016-11-30 | CA$110.69 Million | -13.59% |
| 2015-11-30 | CA$128.10 Million | +7.21% |
| 2014-11-30 | CA$119.49 Million | -0.73% |
| 2014-08-31 | CA$120.37 Million | +1.72% |
| 2013-11-30 | CA$118.33 Million | +1.98% |
| 2012-11-30 | CA$116.04 Million | +0.33% |
| 2011-11-30 | CA$115.66 Million | -0.38% |
| 2010-11-30 | CA$116.10 Million | +4.45% |
| 2009-11-30 | CA$111.15 Million | +7.41% |
| 2008-11-30 | CA$103.48 Million | +2.61% |
| 2007-11-30 | CA$100.86 Million | +7.71% |
| 2006-11-30 | CA$93.63 Million | +7.38% |
| 2005-11-30 | CA$87.20 Million | +8.83% |
| 2004-11-30 | CA$80.12 Million | +17.53% |
| 2003-11-30 | CA$68.18 Million | +7.66% |
| 2002-11-30 | CA$63.32 Million | +9.90% |
| 2001-11-30 | CA$57.62 Million | +6.39% |
| 2000-11-30 | CA$54.16 Million | +8.76% |
| 1999-11-30 | CA$49.80 Million | +12.42% |
| 1998-11-30 | CA$44.30 Million | +14.47% |
| 1997-11-30 | CA$38.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Goodfellow Inc.'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 531.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (November 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$196.90 Million | 95.49% |
| Common Stock | CA$9.31 Million | 4.51% |
| Total Equity | CA$206.21 Million | 100.00% |
Goodfellow Inc. Competitors by Market Cap
The table below lists competitors of Goodfellow Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Taiwan Bio Therapeutics Co., Ltd
TWO:6892
|
$70.48 Million |
|
d1000 Varejo Farma Participações S.A
SA:DMVF3
|
$70.50 Million |
|
Poznanska Korporacja Budowlana Pekabex SA
WAR:PBX
|
$70.51 Million |
|
Song Shang Electronics Co Ltd
TWO:6156
|
$70.52 Million |
|
Seco/Warwick SA
WAR:SWG
|
$70.42 Million |
|
Yojee Ltd
AU:YOJ
|
$70.42 Million |
|
Malee Group Public Company Limited
BK:MALEE
|
$70.42 Million |
|
Gateway Real Estate AG
XETRA:GTY
|
$70.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Goodfellow Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 195,003,000 to 206,208,000, a change of 11,205,000 (5.7%).
- Net income of 13,369,000 contributed positively to equity growth.
- Dividend payments of 6,375,000 reduced retained earnings.
- Share repurchases of 892,000 reduced equity.
- Other factors increased equity by 5,103,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$13.37 Million | +6.48% |
| Dividends Paid | CA$6.38 Million | -3.09% |
| Share Repurchases | CA$892.00K | -0.43% |
| Other Changes | CA$5.10 Million | +2.47% |
| Total Change | CA$- | 5.75% |
Book Value vs Market Value Analysis
This analysis compares Goodfellow Inc.'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: 0.48x
- 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 decreased from 2.57x to 0.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-11-30 | CA$4.54 | CA$11.66 | x |
| 1998-11-30 | CA$5.19 | CA$11.66 | x |
| 1999-11-30 | CA$5.89 | CA$11.66 | x |
| 2000-11-30 | CA$6.50 | CA$11.66 | x |
| 2001-11-30 | CA$6.86 | CA$11.66 | x |
| 2002-11-30 | CA$7.55 | CA$11.66 | x |
| 2003-11-30 | CA$8.11 | CA$11.66 | x |
| 2004-11-30 | CA$9.45 | CA$11.66 | x |
| 2005-11-30 | CA$10.23 | CA$11.66 | x |
| 2006-11-30 | CA$10.94 | CA$11.66 | x |
| 2007-11-30 | CA$11.79 | CA$11.66 | x |
| 2008-11-30 | CA$12.06 | CA$11.66 | x |
| 2009-11-30 | CA$12.96 | CA$11.66 | x |
| 2010-11-30 | CA$13.54 | CA$11.66 | x |
| 2011-11-30 | CA$13.49 | CA$11.66 | x |
| 2012-11-30 | CA$13.57 | CA$11.66 | x |
| 2013-11-30 | CA$13.91 | CA$11.66 | x |
| 2014-11-30 | CA$14.05 | CA$11.66 | x |
| 2015-11-30 | CA$15.06 | CA$11.66 | x |
| 2016-11-30 | CA$13.01 | CA$11.66 | x |
| 2017-11-30 | CA$12.86 | CA$11.66 | x |
| 2018-11-30 | CA$13.18 | CA$11.66 | x |
| 2019-11-30 | CA$13.24 | CA$11.66 | x |
| 2020-11-30 | CA$14.16 | CA$11.66 | x |
| 2021-11-30 | CA$18.80 | CA$11.66 | x |
| 2022-11-30 | CA$21.81 | CA$11.66 | x |
| 2023-11-30 | CA$22.84 | CA$11.66 | x |
| 2024-11-30 | CA$24.27 | CA$11.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Goodfellow Inc. 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): 6.48%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.62%
- • Asset Turnover: 1.75x
- • Equity Multiplier: 1.42x
- Recent ROE (6.48%) is below the historical average (8.73%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 13.44% | 1.80% | 2.92x | 2.56x | CA$1.33 Million |
| 1998 | 14.45% | 1.91% | 2.93x | 2.59x | CA$1.97 Million |
| 1999 | 13.25% | 1.71% | 3.04x | 2.56x | CA$1.62 Million |
| 2000 | 10.58% | 1.30% | 3.24x | 2.52x | CA$316.70K |
| 2001 | 8.06% | 1.03% | 3.43x | 2.29x | CA$-1.12 Million |
| 2002 | 11.65% | 1.46% | 3.25x | 2.46x | CA$1.05 Million |
| 2003 | 9.22% | 1.20% | 3.49x | 2.21x | CA$-533.60K |
| 2004 | 18.27% | 2.73% | 3.19x | 2.10x | CA$6.63 Million |
| 2005 | 12.88% | 2.17% | 3.13x | 1.89x | CA$2.51 Million |
| 2006 | 13.94% | 2.52% | 3.21x | 1.72x | CA$3.69 Million |
| 2007 | 12.94% | 2.52% | 3.04x | 1.69x | CA$2.96 Million |
| 2008 | 6.88% | 1.48% | 3.07x | 1.51x | CA$-3.23 Million |
| 2009 | 9.75% | 2.47% | 2.94x | 1.34x | CA$-279.40K |
| 2010 | 10.91% | 2.51% | 2.74x | 1.58x | CA$1.05 Million |
| 2011 | 2.58% | 0.64% | 2.70x | 1.50x | CA$-8.58 Million |
| 2012 | 3.75% | 0.87% | 2.68x | 1.61x | CA$-7.25 Million |
| 2013 | 4.47% | 1.09% | 2.57x | 1.59x | CA$-6.55 Million |
| 2014 | 5.51% | 1.36% | 2.23x | 1.81x | CA$-5.40 Million |
| 2014 | 5.44% | 1.33% | 2.49x | 1.64x | CA$-5.45 Million |
| 2015 | 6.73% | 1.60% | 2.54x | 1.66x | CA$-4.19 Million |
| 2016 | -10.94% | -2.14% | 2.34x | 2.18x | CA$-23.17 Million |
| 2017 | -1.91% | -0.40% | 2.66x | 1.80x | CA$-13.04 Million |
| 2018 | 2.28% | 0.54% | 2.49x | 1.69x | CA$-8.72 Million |
| 2019 | 2.69% | 0.68% | 2.49x | 1.59x | CA$-8.29 Million |
| 2020 | 11.39% | 3.04% | 2.08x | 1.80x | CA$1.69 Million |
| 2021 | 23.51% | 6.14% | 2.59x | 1.48x | CA$21.74 Million |
| 2022 | 17.50% | 5.18% | 2.56x | 1.32x | CA$14.00 Million |
| 2023 | 7.53% | 2.86% | 2.03x | 1.30x | CA$-4.81 Million |
| 2024 | 6.48% | 2.62% | 1.75x | 1.42x | CA$-7.25 Million |
Industry Comparison
This section compares Goodfellow Inc.'s net assets metrics with peer companies in the Lumber & Wood Production industry.
Industry Context
- Industry: Lumber & Wood Production
- Average net assets among peers: $656,990,873
- Average return on equity (ROE) among peers: 6.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Goodfellow Inc. (GDL) | CA$207.08 Million | 13.44% | 0.50x | $70.43 Million |
| Acadian Timber Corp (ADN) | $293.24 Million | 7.53% | 0.75x | $225.63 Million |
| Conifex Timber Inc (CFF) | $205.24K | -15.36% | 0.06x | $3.47 Million |
| Canfor Corporation (CFP) | $1.36 Billion | -4.16% | 0.77x | $1.09 Billion |
| Interfor Corp (IFP) | $263.70 Million | 27.04% | 0.61x | $486.69 Million |
| Stella-Jones Inc. (SJ) | $1.37 Billion | 15.29% | 0.77x | $3.32 Billion |
| Western Forest Products Inc (WEF) | $651.70 Million | 9.47% | 0.43x | $112.73 Million |
About Goodfellow Inc.
Goodfellow Inc. engages in the wholesale distribution of building materials and floor coverings in Canada, the United States, and the United Kingdom. The company offers decking products, such as accessories, composite, framing, and wood products for outdoor spaces; flooring products, including engineered, hardwood, laminate, stone product composite, sub-floor and accessories, and vinyl and WPC fl… Read more