Pollard Banknote Limited (PBL) - Net Assets
Based on the latest financial reports, Pollard Banknote Limited (PBL) has net assets worth CA$371.94 Million CAD (≈ $269.05 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$697.13 Million ≈ $504.30 Million USD) and total liabilities (CA$325.20 Million ≈ $235.24 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 Pollard Banknote Limited liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$371.94 Million |
| % of Total Assets | 53.35% |
| Annual Growth Rate | 9.25% |
| 5-Year Change | 134.67% |
| 10-Year Change | 666.77% |
| Growth Volatility | 40.94 |
Pollard Banknote Limited - Net Assets Trend (2005–2024)
This chart illustrates how Pollard Banknote Limited's net assets have evolved over time, based on quarterly financial data. Also explore how large is Pollard Banknote Limited's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Pollard Banknote Limited (2005–2024)
The table below shows the annual net assets of Pollard Banknote Limited from 2005 to 2024. For live valuation and market cap data, see Pollard Banknote Limited (PBL) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$334.13 Million ≈ $241.71 Million |
+21.59% |
| 2023-12-31 | CA$274.80 Million ≈ $198.79 Million |
+9.08% |
| 2022-12-31 | CA$251.93 Million ≈ $182.25 Million |
+21.73% |
| 2021-12-31 | CA$206.96 Million ≈ $149.71 Million |
+45.35% |
| 2020-12-31 | CA$142.38 Million ≈ $103.00 Million |
+15.49% |
| 2019-12-31 | CA$123.28 Million ≈ $89.18 Million |
+4.80% |
| 2018-12-31 | CA$117.64 Million ≈ $85.10 Million |
+104.34% |
| 2017-12-31 | CA$57.57 Million ≈ $41.64 Million |
+11.06% |
| 2016-12-31 | CA$51.84 Million ≈ $37.50 Million |
+18.95% |
| 2015-12-31 | CA$43.58 Million ≈ $31.52 Million |
+28.49% |
| 2014-12-31 | CA$33.91 Million ≈ $24.53 Million |
+0.82% |
| 2013-12-31 | CA$33.64 Million ≈ $24.33 Million |
+29.33% |
| 2012-12-31 | CA$26.01 Million ≈ $18.82 Million |
-5.97% |
| 2011-12-31 | CA$27.66 Million ≈ $20.01 Million |
-20.29% |
| 2010-12-31 | CA$34.70 Million ≈ $25.10 Million |
+501.63% |
| 2009-12-31 | CA$-8.64 Million ≈ $-6.25 Million |
-118.60% |
| 2008-12-31 | CA$46.46 Million ≈ $33.61 Million |
-17.14% |
| 2007-12-31 | CA$56.07 Million ≈ $40.56 Million |
-3.68% |
| 2006-12-31 | CA$58.22 Million ≈ $42.11 Million |
-6.39% |
| 2005-12-31 | CA$62.19 Million ≈ $44.99 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Pollard Banknote Limited'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 15849200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$158.00 Million | 47.29% |
| Common Stock | CA$152.01 Million | 45.49% |
| Other Comprehensive Income | CA$24.13 Million | 7.22% |
| Total Equity | CA$334.13 Million | 100.00% |
Pollard Banknote Limited Competitors by Market Cap
The table below lists competitors of Pollard Banknote Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gourmet Master Co Ltd
TW:2723
|
$360.11 Million |
|
Zoy Home Furnishing Co Ltd
SHG:603709
|
$360.13 Million |
|
Sky Harbour Group Corporation
NYSE:SKYH
|
$360.13 Million |
|
Wisesoft Co Ltd
SHE:002253
|
$360.21 Million |
|
Lightbridge Corporation
F:N7ON
|
$359.97 Million |
|
Vanda Pharmaceuticals Inc
NASDAQ:VNDA
|
$359.97 Million |
|
Letong Chemical Co Ltd
SHE:002319
|
$359.86 Million |
|
KNOT Offshore Partners LP
NYSE:KNOP
|
$359.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pollard Banknote Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 274,804,000 to 334,134,000, a change of 59,330,000 (21.6%).
- Net income of 35,198,000 contributed positively to equity growth.
- Dividend payments of 5,137,000 reduced retained earnings.
- Share repurchases of 1,039,000 reduced equity.
- New share issuances of 1,039,000 increased equity.
- Other comprehensive income increased equity by 19,677,000.
- Other factors increased equity by 9,592,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$35.20 Million | +10.53% |
| Dividends Paid | CA$5.14 Million | -1.54% |
| Share Repurchases | CA$1.04 Million | -0.31% |
| Share Issuances | CA$1.04 Million | +0.31% |
| Other Comprehensive Income | CA$19.68 Million | +5.89% |
| Other Changes | CA$9.59 Million | +2.87% |
| Total Change | CA$- | 21.59% |
Book Value vs Market Value Analysis
This analysis compares Pollard Banknote Limited'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: 1.52x
- 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 1.85x to 1.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | CA$9.97 | CA$18.39 | x |
| 2006-12-31 | CA$9.26 | CA$18.39 | x |
| 2007-12-31 | CA$8.92 | CA$18.39 | x |
| 2008-12-31 | CA$7.39 | CA$18.39 | x |
| 2009-12-31 | CA$-0.37 | CA$18.39 | x |
| 2010-12-31 | CA$1.47 | CA$18.39 | x |
| 2011-12-31 | CA$1.17 | CA$18.39 | x |
| 2012-12-31 | CA$1.10 | CA$18.39 | x |
| 2013-12-31 | CA$1.43 | CA$18.39 | x |
| 2014-12-31 | CA$1.44 | CA$18.39 | x |
| 2015-12-31 | CA$1.84 | CA$18.39 | x |
| 2016-12-31 | CA$2.19 | CA$18.39 | x |
| 2017-12-31 | CA$2.42 | CA$18.39 | x |
| 2018-12-31 | CA$4.58 | CA$18.39 | x |
| 2019-12-31 | CA$4.76 | CA$18.39 | x |
| 2020-12-31 | CA$5.47 | CA$18.39 | x |
| 2021-12-31 | CA$7.65 | CA$18.39 | x |
| 2022-12-31 | CA$9.25 | CA$18.39 | x |
| 2023-12-31 | CA$10.02 | CA$18.39 | x |
| 2024-12-31 | CA$12.12 | CA$18.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pollard Banknote Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.53%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.32%
- • Asset Turnover: 0.88x
- • Equity Multiplier: 1.90x
- Recent ROE (10.53%) is below the historical average (12.64%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 3.10% | 96.31% | 0.03x | 1.01x | CA$-4.29 Million |
| 2006 | 3.43% | 90.99% | 0.04x | 1.01x | CA$-3.82 Million |
| 2007 | 8.35% | 109.75% | 0.08x | 1.01x | CA$-924.40K |
| 2008 | -8.29% | 0.00% | -0.08x | 1.01x | CA$-8.50 Million |
| 2009 | 0.00% | 9.29% | 1.83x | 0.00x | CA$18.69 Million |
| 2010 | 4.93% | 1.05% | 1.20x | 3.92x | CA$-1.76 Million |
| 2011 | 11.38% | 1.83% | 1.41x | 4.40x | CA$380.90K |
| 2012 | 25.05% | 4.01% | 1.28x | 4.88x | CA$3.91 Million |
| 2013 | 16.20% | 2.95% | 1.39x | 3.96x | CA$2.08 Million |
| 2014 | 25.79% | 4.50% | 1.30x | 4.40x | CA$5.35 Million |
| 2015 | 17.13% | 3.38% | 1.35x | 3.77x | CA$3.11 Million |
| 2016 | 23.67% | 4.98% | 1.39x | 3.41x | CA$7.09 Million |
| 2017 | 29.15% | 5.88% | 1.25x | 3.97x | CA$11.03 Million |
| 2018 | 12.63% | 4.48% | 1.09x | 2.60x | CA$3.09 Million |
| 2019 | 17.86% | 5.53% | 1.13x | 2.86x | CA$9.69 Million |
| 2020 | 23.38% | 8.04% | 1.02x | 2.84x | CA$19.05 Million |
| 2021 | 9.52% | 4.29% | 0.99x | 2.23x | CA$-994.70K |
| 2022 | 7.65% | 4.00% | 0.97x | 1.98x | CA$-5.92 Million |
| 2023 | 11.43% | 6.04% | 1.01x | 1.88x | CA$3.94 Million |
| 2024 | 10.53% | 6.32% | 0.88x | 1.90x | CA$1.78 Million |
Industry Comparison
This section compares Pollard Banknote Limited's net assets metrics with peer companies in the Gambling industry.
Industry Context
- Industry: Gambling
- Average net assets among peers: $-8,265,616
- Average return on equity (ROE) among peers: -380.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pollard Banknote Limited (PBL) | CA$371.94 Million | 3.10% | 0.87x | $360.08 Million |
| Bragg Gaming Group Inc (BRAG) | $250.77K | -1141.15% | 6.16x | $51.18 Million |
| Jackpot Digital Inc (JJ) | $-8.26 Million | 0.00% | 0.00x | $11.71 Million |
| Rivalry Corp (RVLY) | $-16.79 Million | 0.00% | 0.00x | $315.65K |
About Pollard Banknote Limited
Pollard Banknote Limited, together with its subsidiaries, manufactures and sells lottery and charitable gaming products and solutions in the United States, Canada, and internationally. The company produces and provides a range of instant tickets and lottery services, including licensed products; distribution; interactive digital internet games, such as eInstants; iLottery services comprising plat… Read more