Premium Income Corporation
Premium Income Corporation is an equity mutual fund launched and managed by Strathbridge Asset Management Inc. It invests in the public equity markets of Canada. It invests in stocks of companies operating primarily in the banking sector. The fund uses financial derivatives such as call and put options to invest in stocks of Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerc… Read more
Premium Income Corporation (PIC-A) - Net Assets
Latest net assets as of October 2025: CA$166.84 Million CAD
Based on the latest financial reports, Premium Income Corporation (PIC-A) has net assets worth CA$166.84 Million CAD as of October 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$423.08 Million) and total liabilities (CA$256.24 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$166.84 Million |
| % of Total Assets | 39.44% |
| Annual Growth Rate | 6.56% |
| 5-Year Change | 67.81% |
| 10-Year Change | 161.04% |
| Growth Volatility | 308.49 |
Premium Income Corporation - Net Assets Trend (2009–2025)
This chart illustrates how Premium Income Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Premium Income Corporation (2009–2025)
The table below shows the annual net assets of Premium Income Corporation from 2009 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-10-31 | CA$166.84 Million | +99.50% |
| 2024-10-31 | CA$83.63 Million | +1072.46% |
| 2023-10-31 | CA$7.13 Million | -87.42% |
| 2022-10-31 | CA$56.71 Million | -42.96% |
| 2021-10-31 | CA$99.42 Million | +679.08% |
| 2020-10-31 | CA$12.76 Million | -83.34% |
| 2019-10-31 | CA$76.60 Million | -63.22% |
| 2018-10-31 | CA$208.28 Million | +139.08% |
| 2017-10-31 | CA$87.12 Million | +36.30% |
| 2016-10-31 | CA$63.92 Million | -71.18% |
| 2015-10-31 | CA$221.79 Million | +164.63% |
| 2014-10-31 | CA$83.81 Million | -60.87% |
| 2013-10-31 | CA$214.18 Million | +307.23% |
| 2012-10-31 | CA$52.59 Million | -4.58% |
| 2011-10-31 | CA$55.12 Million | -30.17% |
| 2010-10-31 | CA$78.94 Million | +30.85% |
| 2009-10-31 | CA$60.33 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Premium Income Corporation'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 (October 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$166.84 Million | 100.00% |
| Total Equity | CA$166.84 Million | 100.00% |
Premium Income Corporation Competitors by Market Cap
The table below lists competitors of Premium Income Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GRUPO CARSO-A1 (4GF.SG)
STU:4GF
|
$55.30K |
|
Lode-Star Mining Inc
PINK:LSMG
|
$55.33K |
|
I-Controls Inc.
KQ:039570
|
$55.35K |
|
LIPR3F
SA:LIPR3F
|
$55.40K |
|
Tongyang Inc. Pfd. Series 2
KQ:001527
|
$55.28K |
|
Advance United Holdings Inc
OTCQB:AUHIF
|
$55.26K |
|
Kbj
WAR:KBJ
|
$55.24K |
|
229500
KO:229500
|
$55.23K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Premium Income Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 83,629,660 to 166,842,980, a change of 83,213,320 (99.5%).
- Net income of 84,141,991 contributed positively to equity growth.
- Dividend payments of 15,169,029 reduced retained earnings.
- Share repurchases of 162,630,210 reduced equity.
- Other factors increased equity by 176,870,568.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$84.14 Million | +50.43% |
| Dividends Paid | CA$15.17 Million | -9.09% |
| Share Repurchases | CA$162.63 Million | -97.48% |
| Other Changes | CA$176.87 Million | +106.01% |
| Total Change | CA$- | 99.50% |
Book Value vs Market Value Analysis
This analysis compares Premium Income Corporation'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: 0.93x
- 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 increased from 0.59x to 0.93x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-10-31 | CA$14.99 | CA$8.80 | x |
| 2009-10-31 | CA$4.93 | CA$8.80 | x |
| 2010-10-31 | CA$5.51 | CA$8.80 | x |
| 2011-10-31 | CA$5.76 | CA$8.80 | x |
| 2012-10-31 | CA$5.53 | CA$8.80 | x |
| 2013-10-31 | CA$6.96 | CA$8.80 | x |
| 2014-10-31 | CA$8.60 | CA$8.80 | x |
| 2015-10-31 | CA$5.80 | CA$8.80 | x |
| 2016-10-31 | CA$6.00 | CA$8.80 | x |
| 2017-10-31 | CA$8.18 | CA$8.80 | x |
| 2018-10-31 | CA$5.81 | CA$8.80 | x |
| 2019-10-31 | CA$6.49 | CA$8.80 | x |
| 2020-10-31 | CA$0.95 | CA$8.80 | x |
| 2021-10-31 | CA$7.40 | CA$8.80 | x |
| 2022-10-31 | CA$4.29 | CA$8.80 | x |
| 2023-10-31 | CA$0.51 | CA$8.80 | x |
| 2024-10-31 | CA$7.03 | CA$8.80 | x |
| 2025-10-31 | CA$9.51 | CA$8.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Premium Income Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 50.43%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 277.92%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 2.54x
- Recent ROE (50.43%) is above the historical average (-27.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 8.81% | 35.73% | 0.10x | 2.37x | CA$-2.52 Million |
| 2009 | 23.00% | 0.00% | -0.17x | 4.81x | CA$7.84 Million |
| 2010 | 52.82% | 172.29% | 0.08x | 3.72x | CA$33.80 Million |
| 2011 | -1.00% | -2.55% | 0.11x | 3.60x | CA$-6.06 Million |
| 2012 | 25.52% | 154.92% | 0.04x | 3.76x | CA$8.16 Million |
| 2013 | 44.51% | 97.19% | 0.14x | 3.17x | CA$23.36 Million |
| 2014 | 38.74% | 97.97% | 0.14x | 2.75x | CA$24.09 Million |
| 2015 | -19.13% | 0.00% | -0.05x | 3.63x | CA$-17.96 Million |
| 2016 | 31.47% | 95.92% | 0.09x | 3.51x | CA$13.72 Million |
| 2017 | 47.10% | 98.08% | 0.17x | 2.84x | CA$32.32 Million |
| 2018 | -12.00% | 0.00% | -0.03x | 3.62x | CA$-12.78 Million |
| 2019 | 26.75% | 95.72% | 0.08x | 3.64x | CA$12.83 Million |
| 2020 | -356.31% | 0.00% | -0.21x | 16.89x | CA$-46.75 Million |
| 2021 | 110.70% | 99.18% | 0.37x | 3.05x | CA$100.12 Million |
| 2022 | -37.68% | -51.49% | 0.16x | 4.53x | CA$-27.04 Million |
| 2023 | -628.76% | 0.00% | -0.12x | 33.25x | CA$-45.56 Million |
| 2024 | 91.28% | 78.86% | 0.24x | 4.75x | CA$67.97 Million |
| 2025 | 50.43% | 277.92% | 0.07x | 2.54x | CA$67.46 Million |
Industry Comparison
This section compares Premium Income Corporation'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 |
|---|---|---|---|---|
| Premium Income Corporation (PIC-A) | CA$166.84 Million | 8.81% | 1.54x | $55.28K |
| 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 |