Prime Dividend Corp
Prime Dividend Corp. is an open ended equity mutual fund launched by Quadravest Inc. The fund is managed by Quadravest Capital Management Inc. It invests in public equity markets of Canada. The fund invests in stocks of companies across diversified sectors. Prime Dividend Corp. was formed on November 16, 2005 and is domiciled in Canada.
Prime Dividend Corp (PDV) - Net Assets
Latest net assets as of May 2025: CA$5.50 Million CAD
Based on the latest financial reports, Prime Dividend Corp (PDV) has net assets worth CA$5.50 Million 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$11.30 Million) and total liabilities (CA$5.80 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$5.50 Million |
| % of Total Assets | 48.64% |
| Annual Growth Rate | -8.33% |
| 5-Year Change | 11.61% |
| 10-Year Change | -32.63% |
| Growth Volatility | 29.57 |
Prime Dividend Corp - Net Assets Trend (2005–2024)
This chart illustrates how Prime Dividend 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 Prime Dividend Corp (2005–2024)
The table below shows the annual net assets of Prime Dividend Corp from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-11-30 | CA$5.85 Million | +56.86% |
| 2023-11-30 | CA$3.73 Million | -23.31% |
| 2022-11-30 | CA$4.87 Million | -28.39% |
| 2021-11-30 | CA$6.80 Million | +29.57% |
| 2020-11-30 | CA$5.24 Million | -25.22% |
| 2019-11-30 | CA$7.01 Million | +12.59% |
| 2018-11-30 | CA$6.23 Million | -32.68% |
| 2017-11-30 | CA$9.25 Million | -1.44% |
| 2016-11-30 | CA$9.39 Million | +8.04% |
| 2015-11-30 | CA$8.69 Million | -26.65% |
| 2014-11-30 | CA$11.85 Million | -3.00% |
| 2013-11-30 | CA$12.21 Million | +33.69% |
| 2012-11-30 | CA$9.13 Million | -14.39% |
| 2011-11-30 | CA$10.67 Million | -21.42% |
| 2010-11-30 | CA$13.58 Million | +0.02% |
| 2009-11-30 | CA$13.58 Million | +37.43% |
| 2008-11-30 | CA$9.88 Million | -72.45% |
| 2007-11-30 | CA$35.85 Million | +2.66% |
| 2006-11-30 | CA$34.92 Million | +14.19% |
| 2005-11-30 | CA$30.58 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Prime Dividend 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$5.85 Million | 100.00% |
| Total Equity | CA$5.85 Million | 100.00% |
Prime Dividend Corp Competitors by Market Cap
The table below lists competitors of Prime Dividend Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Raspberry Pi Holdings PLC
LSE:RPI
|
$72.70K |
|
Wealthfront Corporation Common Stock
NASDAQ:WLTH
|
$72.73K |
|
KGL Resources Ltd
PINK:KOGMF
|
$72.73K |
|
Brompton Split Banc Corp
TO:SBC
|
$72.82K |
|
MITSUBISHI LOGIS - Dusseldorf Stock Exchang
DU:MIB
|
$72.57K |
|
Lindsell Train Investment Trust Plc
LSE:LTI
|
$72.51K |
|
Tinna Rubber and Infrastructure Limited
NSE:TINNARUBR
|
$72.49K |
|
Boku Inc
LSE:BOKU
|
$72.45K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Prime Dividend Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,731,650 to 5,853,352, a change of 2,121,702 (56.9%).
- Net income of 3,166,099 contributed positively to equity growth.
- Dividend payments of 831,044 reduced retained earnings.
- Share repurchases of 2,831,238 reduced equity.
- Other factors increased equity by 2,617,885.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$3.17 Million | +54.09% |
| Dividends Paid | CA$831.04K | -14.2% |
| Share Repurchases | CA$2.83 Million | -48.37% |
| Other Changes | CA$2.62 Million | +44.72% |
| Total Change | CA$- | 56.86% |
Book Value vs Market Value Analysis
This analysis compares Prime Dividend 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: 1.14x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.65x to 1.14x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-11-30 | CA$17.19 | CA$11.20 | x |
| 2006-11-30 | CA$18.10 | CA$11.20 | x |
| 2007-11-30 | CA$19.07 | CA$11.20 | x |
| 2008-11-30 | CA$5.64 | CA$11.20 | x |
| 2009-11-30 | CA$10.18 | CA$11.20 | x |
| 2010-11-30 | CA$9.67 | CA$11.20 | x |
| 2011-11-30 | CA$7.82 | CA$11.20 | x |
| 2012-11-30 | CA$7.42 | CA$11.20 | x |
| 2013-11-30 | CA$14.55 | CA$11.20 | x |
| 2014-11-30 | CA$14.48 | CA$11.20 | x |
| 2015-11-30 | CA$10.90 | CA$11.20 | x |
| 2016-11-30 | CA$8.71 | CA$11.20 | x |
| 2017-11-30 | CA$9.21 | CA$11.20 | x |
| 2018-11-30 | CA$6.46 | CA$11.20 | x |
| 2019-11-30 | CA$7.42 | CA$11.20 | x |
| 2020-11-30 | CA$7.68 | CA$11.20 | x |
| 2021-11-30 | CA$10.94 | CA$11.20 | x |
| 2022-11-30 | CA$7.83 | CA$11.20 | x |
| 2023-11-30 | CA$6.01 | CA$11.20 | x |
| 2024-11-30 | CA$9.86 | CA$11.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Prime Dividend Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 54.09%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 89.32%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 2.04x
- Recent ROE (54.09%) is above the historical average (9.89%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 2.36% | 3219.20% | 0.00x | 1.93x | CA$-2.34 Million |
| 2006 | 13.00% | 262.18% | 0.03x | 1.70x | CA$1.05 Million |
| 2007 | -1.25% | -23.33% | 0.03x | 1.68x | CA$-4.03 Million |
| 2008 | -0.97% | -5.08% | 0.06x | 3.22x | CA$-1.08 Million |
| 2009 | 8.36% | 71.63% | 0.05x | 2.33x | CA$-222.00K |
| 2010 | 13.04% | 133.14% | 0.04x | 2.29x | CA$413.24K |
| 2011 | -8.54% | -71.29% | 0.05x | 2.57x | CA$-1.98 Million |
| 2012 | 5.50% | 43.89% | 0.05x | 2.73x | CA$-411.16K |
| 2013 | 44.35% | 95.57% | 0.20x | 2.26x | CA$4.19 Million |
| 2014 | 17.22% | 87.28% | 0.09x | 2.18x | CA$855.70K |
| 2015 | -17.32% | 0.00% | -0.06x | 2.59x | CA$-2.37 Million |
| 2016 | 25.71% | 90.81% | 0.11x | 2.57x | CA$1.47 Million |
| 2017 | 24.86% | 89.78% | 0.12x | 2.31x | CA$1.37 Million |
| 2018 | -24.35% | 0.00% | -0.07x | 2.95x | CA$-2.14 Million |
| 2019 | 30.28% | 89.20% | 0.14x | 2.37x | CA$1.42 Million |
| 2020 | -17.48% | 0.00% | -0.04x | 2.83x | CA$-1.44 Million |
| 2021 | 47.96% | 92.36% | 0.23x | 2.28x | CA$2.58 Million |
| 2022 | -14.92% | 0.00% | -0.03x | 2.80x | CA$-1.21 Million |
| 2023 | -4.03% | -211.96% | 0.01x | 3.39x | CA$-523.73K |
| 2024 | 54.09% | 89.32% | 0.30x | 2.04x | CA$2.58 Million |
Industry Comparison
This section compares Prime Dividend 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 |
|---|---|---|---|---|
| Prime Dividend Corp (PDV) | CA$5.50 Million | 2.36% | 1.06x | $72.58K |
| 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 |