Maxim Power Corp. (MXG) - Net Assets
Based on the latest financial reports, Maxim Power Corp. (MXG) has net assets worth CA$330.85 Million CAD (≈ $239.33 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$375.28 Million ≈ $271.47 Million USD) and total liabilities (CA$44.43 Million ≈ $32.14 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 how resilient are Maxim Power Corp.'s assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$330.85 Million |
| % of Total Assets | 88.16% |
| Annual Growth Rate | 20.48% |
| 5-Year Change | 113.66% |
| 10-Year Change | 45.77% |
| Growth Volatility | 125.12 |
Maxim Power Corp. - Net Assets Trend (1997–2024)
This chart illustrates how Maxim Power Corp.'s net assets have evolved over time, based on quarterly financial data. Also explore Maxim Power Corp. asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Maxim Power Corp. (1997–2024)
The table below shows the annual net assets of Maxim Power Corp. from 1997 to 2024. For live valuation and market cap data, see how much is Maxim Power Corp. worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$316.02 Million ≈ $228.60 Million |
+6.14% |
| 2023-12-31 | CA$297.75 Million ≈ $215.38 Million |
+10.83% |
| 2022-12-31 | CA$268.65 Million ≈ $194.34 Million |
+18.25% |
| 2021-12-31 | CA$227.18 Million ≈ $164.34 Million |
+53.59% |
| 2020-12-31 | CA$147.91 Million ≈ $107.00 Million |
+6.23% |
| 2019-12-31 | CA$139.23 Million ≈ $100.72 Million |
-6.27% |
| 2018-12-31 | CA$148.54 Million ≈ $107.45 Million |
-0.09% |
| 2017-12-31 | CA$148.67 Million ≈ $107.55 Million |
-5.59% |
| 2016-12-31 | CA$157.48 Million ≈ $113.92 Million |
-27.36% |
| 2015-12-31 | CA$216.79 Million ≈ $156.82 Million |
-18.98% |
| 2014-12-31 | CA$267.58 Million ≈ $193.57 Million |
-0.99% |
| 2013-12-31 | CA$270.25 Million ≈ $195.50 Million |
+9.61% |
| 2012-12-31 | CA$246.57 Million ≈ $178.36 Million |
+0.94% |
| 2011-12-31 | CA$244.28 Million ≈ $176.71 Million |
+14.82% |
| 2010-12-31 | CA$212.75 Million ≈ $153.90 Million |
-3.66% |
| 2009-12-31 | CA$220.82 Million ≈ $159.74 Million |
-8.03% |
| 2008-12-31 | CA$240.09 Million ≈ $173.68 Million |
+71.80% |
| 2007-12-31 | CA$139.76 Million ≈ $101.10 Million |
+10.47% |
| 2006-12-31 | CA$126.52 Million ≈ $91.52 Million |
+24.17% |
| 2005-12-31 | CA$101.89 Million ≈ $73.71 Million |
+138.71% |
| 2004-12-31 | CA$42.69 Million ≈ $30.88 Million |
-0.66% |
| 2003-12-31 | CA$42.97 Million ≈ $31.08 Million |
+2.89% |
| 2002-12-31 | CA$41.76 Million ≈ $30.21 Million |
+46.03% |
| 2001-12-31 | CA$28.60 Million ≈ $20.69 Million |
+14.81% |
| 2000-12-31 | CA$24.91 Million ≈ $18.02 Million |
+590.45% |
| 1999-12-31 | CA$3.61 Million ≈ $2.61 Million |
+302.02% |
| 1998-12-31 | CA$897.41K ≈ $649.17K |
-56.52% |
| 1997-12-31 | CA$2.06 Million ≈ $1.49 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Maxim Power 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 grown by 13310397800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$130.26 Million | 41.22% |
| Common Stock | CA$172.48 Million | 54.58% |
| Other Components | CA$13.29 Million | 4.20% |
| Total Equity | CA$316.02 Million | 100.00% |
Maxim Power Corp. Competitors by Market Cap
The table below lists competitors of Maxim Power Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HomeChoice Investments Ltd
JSE:HIL
|
$205.79 Million |
|
Peninsula Group Ltd
TA:PEN
|
$205.80 Million |
|
Hinduja Global Solutions Limited
NSE:HGS
|
$205.87 Million |
|
KlaraBo Sverige AB Series B
ST:KLARA-B
|
$205.91 Million |
|
Firich Enterprises Co Ltd
TWO:8076
|
$205.76 Million |
|
Mdevice
KQ:226590
|
$205.68 Million |
|
PT Multikarya Asia Pacific Ray
JK:MKAP
|
$205.67 Million |
|
Hanyang Digitech Co. Ltd
KQ:078350
|
$205.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Maxim Power Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 297,745,000 to 316,020,000, a change of 18,275,000 (6.1%).
- Net income of 21,946,000 contributed positively to equity growth.
- Dividend payments of 31,847,000 reduced retained earnings.
- Share repurchases of 1,272,000 reduced equity.
- Other factors increased equity by 29,448,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$21.95 Million | +6.94% |
| Dividends Paid | CA$31.85 Million | -10.08% |
| Share Repurchases | CA$1.27 Million | -0.4% |
| Other Changes | CA$29.45 Million | +9.32% |
| Total Change | CA$- | 6.14% |
Book Value vs Market Value Analysis
This analysis compares Maxim Power 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: 0.90x
- 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 2.75x to 0.90x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | CA$1.63 | CA$4.47 | x |
| 1998-12-31 | CA$0.58 | CA$4.47 | x |
| 1999-12-31 | CA$0.51 | CA$4.47 | x |
| 2000-12-31 | CA$4.31 | CA$4.47 | x |
| 2001-12-31 | CA$4.63 | CA$4.47 | x |
| 2002-12-31 | CA$3.27 | CA$4.47 | x |
| 2003-12-31 | CA$3.12 | CA$4.47 | x |
| 2004-12-31 | CA$1.98 | CA$4.47 | x |
| 2005-12-31 | CA$1.94 | CA$4.47 | x |
| 2006-12-31 | CA$2.69 | CA$4.47 | x |
| 2007-12-31 | CA$3.16 | CA$4.47 | x |
| 2008-12-31 | CA$4.88 | CA$4.47 | x |
| 2009-12-31 | CA$4.07 | CA$4.47 | x |
| 2010-12-31 | CA$3.93 | CA$4.47 | x |
| 2011-12-31 | CA$4.51 | CA$4.47 | x |
| 2012-12-31 | CA$4.55 | CA$4.47 | x |
| 2013-12-31 | CA$4.96 | CA$4.47 | x |
| 2014-12-31 | CA$4.93 | CA$4.47 | x |
| 2015-12-31 | CA$3.99 | CA$4.47 | x |
| 2016-12-31 | CA$2.90 | CA$4.47 | x |
| 2017-12-31 | CA$2.73 | CA$4.47 | x |
| 2018-12-31 | CA$2.76 | CA$4.47 | x |
| 2019-12-31 | CA$2.66 | CA$4.47 | x |
| 2020-12-31 | CA$2.95 | CA$4.47 | x |
| 2021-12-31 | CA$3.56 | CA$4.47 | x |
| 2022-12-31 | CA$4.21 | CA$4.47 | x |
| 2023-12-31 | CA$4.65 | CA$4.47 | x |
| 2024-12-31 | CA$4.95 | CA$4.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Maxim Power Corp. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.94%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.63%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 1.14x
- Recent ROE (6.94%) is above the historical average (-11.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | -111.50% | -385.67% | 0.23x | 1.24x | CA$-2.35 Million |
| 1998 | -139.55% | -193.85% | 0.44x | 1.65x | CA$-1.25 Million |
| 1999 | -156.55% | -70.47% | 0.41x | 5.44x | CA$-1.33 Million |
| 2000 | -10.79% | -69.16% | 0.06x | 2.42x | CA$-2.87 Million |
| 2001 | -15.17% | -33.87% | 0.20x | 2.26x | CA$-7.20 Million |
| 2002 | -12.25% | -25.89% | 0.29x | 1.65x | CA$-9.29 Million |
| 2003 | 2.05% | 3.45% | 0.32x | 1.84x | CA$-3.38 Million |
| 2004 | 25.26% | 29.40% | 0.42x | 2.06x | CA$6.45 Million |
| 2005 | 17.00% | 23.41% | 0.38x | 1.93x | CA$7.13 Million |
| 2006 | 16.75% | 19.04% | 0.46x | 1.92x | CA$8.53 Million |
| 2007 | 9.82% | 11.00% | 0.48x | 1.87x | CA$-251.60K |
| 2008 | 4.71% | 7.71% | 0.37x | 1.65x | CA$-12.68 Million |
| 2009 | 0.97% | 1.48% | 0.38x | 1.71x | CA$-19.92 Million |
| 2010 | 11.42% | 16.03% | 0.41x | 1.76x | CA$3.02 Million |
| 2011 | 6.28% | 9.50% | 0.42x | 1.57x | CA$-9.07 Million |
| 2012 | 1.47% | 2.32% | 0.41x | 1.54x | CA$-20.99 Million |
| 2013 | 3.56% | 5.52% | 0.44x | 1.46x | CA$-17.38 Million |
| 2014 | -3.41% | -6.38% | 0.36x | 1.47x | CA$-35.81 Million |
| 2015 | -35.83% | -62.92% | 0.35x | 1.61x | CA$-99.03 Million |
| 2016 | -34.20% | -829.73% | 0.03x | 1.39x | CA$-69.53 Million |
| 2017 | 12.43% | 912.85% | 0.01x | 1.14x | CA$3.61 Million |
| 2018 | 2.95% | 22.17% | 0.11x | 1.16x | CA$-10.48 Million |
| 2019 | -4.20% | -20.65% | 0.13x | 1.62x | CA$-19.77 Million |
| 2020 | 6.26% | 19.82% | 0.20x | 1.62x | CA$-5.53 Million |
| 2021 | 34.56% | 50.32% | 0.50x | 1.38x | CA$55.79 Million |
| 2022 | 15.74% | 29.93% | 0.37x | 1.42x | CA$15.41 Million |
| 2023 | 9.50% | 73.56% | 0.09x | 1.43x | CA$-1.48 Million |
| 2024 | 6.94% | 21.63% | 0.28x | 1.14x | CA$-9.66 Million |
Industry Comparison
This section compares Maxim Power Corp.'s net assets metrics with peer companies in the Utilities - Independent Power Producers industry.
Industry Context
- Industry: Utilities - Independent Power Producers
- Average net assets among peers: $2,496,500,000
- Average return on equity (ROE) among peers: 4.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Maxim Power Corp. (MXG) | CA$330.85 Million | -111.50% | 0.13x | $205.78 Million |
| Capital Power Corporation (CPX) | $3.00 Billion | 5.83% | 0.74x | $7.19 Billion |
| TransAlta Corp (TA) | $1.99 Billion | 2.51% | 4.40x | $3.64 Billion |
About Maxim Power Corp.
Maxim Power Corp., an independent power producer, develops, owns, and operates power and power related projects in Canada. The company operates Milner power plant(M2), a 300 MW combined cycle gas-fired power plant located in Grande Cache, Alberta. The company is headquartered in Calgary, Canada.