Maxim Power Corp. (MXG) - Net Assets
Based on the latest financial reports, Maxim Power Corp. (MXG) has net assets worth CA$333.03 Million CAD (≈ $240.91 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$387.32 Million ≈ $280.18 Million USD) and total liabilities (CA$54.29 Million ≈ $39.27 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 tangible is Maxim Power Corp.'s equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$333.03 Million |
| % of Total Assets | 85.98% |
| Annual Growth Rate | 19.91% |
| 5-Year Change | 46.64% |
| 10-Year Change | 111.55% |
| Growth Volatility | 123.08 |
Maxim Power Corp. - Net Assets Trend (1997–2025)
This chart illustrates how Maxim Power Corp.'s net assets have evolved over time, based on quarterly financial data. See Maxim Power Corp. defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Maxim Power Corp. (1997–2025)
The table below shows the annual net assets of Maxim Power Corp. from 1997 to 2025. For live valuation and market cap data, see how much is Maxim Power Corp. worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$333.14 Million ≈ $240.99 Million |
+5.42% |
| 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 |
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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 14944497800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$146.60 Million | 44.00% |
| Common Stock | CA$172.41 Million | 51.75% |
| Other Components | CA$14.14 Million | 4.24% |
| Total Equity | CA$333.14 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 |
|---|---|
|
Inesa Intelligent Tech Inc B
SHG:900901
|
$202.43 Million |
|
Frauenthal Holding AG
VI:FKA
|
$202.44 Million |
|
Security National Financial
NASDAQ:SNFCA
|
$202.47 Million |
|
Coca Cola HBC AG
LSE:CCH
|
$202.48 Million |
|
STCube Inc
KQ:052020
|
$202.35 Million |
|
Atrys Health SL
MC:ATRY
|
$202.32 Million |
|
Franklin Universal Closed Fund
NYSE:FT
|
$202.31 Million |
|
Gaon Group Ltd
TA:GAGR
|
$202.30 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 2024 to 2025, total equity changed from 316,020,000 to 333,144,000, a change of 17,124,000 (5.4%).
- Net income of 16,693,999 contributed positively to equity growth.
- Share repurchases of 879,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$16.69 Million | +5.01% |
| Share Repurchases | CA$879.00K | -0.26% |
| Other Changes | CA$1.31 Million | +0.39% |
| Total Change | CA$- | 5.42% |
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: 0.84x
- 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 2.71x to 0.84x 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$4.40 | x |
| 1998-12-31 | CA$0.58 | CA$4.40 | x |
| 1999-12-31 | CA$0.51 | CA$4.40 | x |
| 2000-12-31 | CA$4.31 | CA$4.40 | x |
| 2001-12-31 | CA$4.63 | CA$4.40 | x |
| 2002-12-31 | CA$3.27 | CA$4.40 | x |
| 2003-12-31 | CA$3.12 | CA$4.40 | x |
| 2004-12-31 | CA$1.98 | CA$4.40 | x |
| 2005-12-31 | CA$1.94 | CA$4.40 | x |
| 2006-12-31 | CA$2.69 | CA$4.40 | x |
| 2007-12-31 | CA$3.16 | CA$4.40 | x |
| 2008-12-31 | CA$4.88 | CA$4.40 | x |
| 2009-12-31 | CA$4.07 | CA$4.40 | x |
| 2010-12-31 | CA$3.93 | CA$4.40 | x |
| 2011-12-31 | CA$4.51 | CA$4.40 | x |
| 2012-12-31 | CA$4.55 | CA$4.40 | x |
| 2013-12-31 | CA$4.96 | CA$4.40 | x |
| 2014-12-31 | CA$4.93 | CA$4.40 | x |
| 2015-12-31 | CA$3.99 | CA$4.40 | x |
| 2016-12-31 | CA$2.90 | CA$4.40 | x |
| 2017-12-31 | CA$2.73 | CA$4.40 | x |
| 2018-12-31 | CA$2.76 | CA$4.40 | x |
| 2019-12-31 | CA$2.66 | CA$4.40 | x |
| 2020-12-31 | CA$2.95 | CA$4.40 | x |
| 2021-12-31 | CA$3.56 | CA$4.40 | x |
| 2022-12-31 | CA$4.21 | CA$4.40 | x |
| 2023-12-31 | CA$4.65 | CA$4.40 | x |
| 2024-12-31 | CA$4.95 | CA$4.40 | x |
| 2025-12-31 | CA$5.21 | CA$4.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Maxim Power Corp. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.01%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.18%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.15x
- Recent ROE (5.01%) is above the historical average (-11.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | -111.50% | -385.67% | 0.23x | 1.24x | CA$-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$-9.66 Million |
| 2025 | 5.01% | 20.18% | 0.22x | 1.15x | CA$-16.62 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: $2,179,082,246
- Average return on equity (ROE) among peers: -21.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Maxim Power Corp. (MXG) | CA$333.03 Million | -111.50% | 0.16x | $202.40 Million |
| Capital Power Corporation (CPX) | $3.10 Billion | 4.03% | 1.78x | $8.23 Billion |
| Digi Power X Inc. (DGX) | $29.25 Million | -74.83% | 0.44x | $179.06 Million |
| TransAlta Corp (TA) | $3.41 Billion | 5.31% | 1.87x | $4.08 Billion |
About Maxim Power Corp.
Maxim Power Corp., an independent power producer, develops, owns, and operates power and power related projects in Canada. It 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.