Premium Income Corporation (PIC-A) - Net Assets
Based on the latest financial reports, Premium Income Corporation (PIC-A) has net assets worth CA$166.84 Million CAD (≈ $120.69 Million USD) 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 ≈ $306.05 Million USD) and total liabilities (CA$256.24 Million ≈ $185.36 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 PIC-A cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore Premium Income Corporation (PIC-A) total assets for the complete picture of this company's asset base.
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. For live valuation and market cap data, see PIC-A market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-10-31 | CA$166.84 Million ≈ $120.69 Million |
+99.50% |
| 2024-10-31 | CA$83.63 Million ≈ $60.50 Million |
+1072.46% |
| 2023-10-31 | CA$7.13 Million ≈ $5.16 Million |
-87.42% |
| 2022-10-31 | CA$56.71 Million ≈ $41.02 Million |
-42.96% |
| 2021-10-31 | CA$99.42 Million ≈ $71.92 Million |
+679.08% |
| 2020-10-31 | CA$12.76 Million ≈ $9.23 Million |
-83.34% |
| 2019-10-31 | CA$76.60 Million ≈ $55.41 Million |
-63.22% |
| 2018-10-31 | CA$208.28 Million ≈ $150.67 Million |
+139.08% |
| 2017-10-31 | CA$87.12 Million ≈ $63.02 Million |
+36.30% |
| 2016-10-31 | CA$63.92 Million ≈ $46.24 Million |
-71.18% |
| 2015-10-31 | CA$221.79 Million ≈ $160.44 Million |
+164.63% |
| 2014-10-31 | CA$83.81 Million ≈ $60.63 Million |
-60.87% |
| 2013-10-31 | CA$214.18 Million ≈ $154.94 Million |
+307.23% |
| 2012-10-31 | CA$52.59 Million ≈ $38.05 Million |
-4.58% |
| 2011-10-31 | CA$55.12 Million ≈ $39.87 Million |
-30.17% |
| 2010-10-31 | CA$78.94 Million ≈ $57.10 Million |
+30.85% |
| 2009-10-31 | CA$60.33 Million ≈ $43.64 Million |
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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 |
|---|---|
|
Biosyent Inc.
V:RX
|
$118.95 Million |
|
Koleksiyon Mobilya Sanayi AS
IS:KLSYN
|
$118.95 Million |
|
Diamond Building Products Public Company Limited
BK:DRT
|
$118.96 Million |
|
After You Public Company Limited
BK:AU
|
$118.98 Million |
|
WW International, Inc. Common Stock
NASDAQ:WW
|
$118.84 Million |
|
Western Carriers India Ltd
NSE:WCIL
|
$118.81 Million |
|
NeOnc Technologies Holdings, Inc. Common Stock
NASDAQ:NTHI
|
$118.79 Million |
|
Gabelli Global Utility & Income Tr
NYSE MKT:GLU
|
$118.79 Million |
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: 0.99x
- 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 0.63x to 0.99x 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$9.41 | x |
| 2009-10-31 | CA$4.93 | CA$9.41 | x |
| 2010-10-31 | CA$5.51 | CA$9.41 | x |
| 2011-10-31 | CA$5.76 | CA$9.41 | x |
| 2012-10-31 | CA$5.53 | CA$9.41 | x |
| 2013-10-31 | CA$6.96 | CA$9.41 | x |
| 2014-10-31 | CA$8.60 | CA$9.41 | x |
| 2015-10-31 | CA$5.80 | CA$9.41 | x |
| 2016-10-31 | CA$6.00 | CA$9.41 | x |
| 2017-10-31 | CA$8.18 | CA$9.41 | x |
| 2018-10-31 | CA$5.81 | CA$9.41 | x |
| 2019-10-31 | CA$6.49 | CA$9.41 | x |
| 2020-10-31 | CA$0.95 | CA$9.41 | x |
| 2021-10-31 | CA$7.40 | CA$9.41 | x |
| 2022-10-31 | CA$4.29 | CA$9.41 | x |
| 2023-10-31 | CA$0.51 | CA$9.41 | x |
| 2024-10-31 | CA$7.03 | CA$9.41 | x |
| 2025-10-31 | CA$9.51 | CA$9.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Premium Income Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 50.43%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 277.92%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 2.54x
- Recent ROE (50.43%) is above the historical average (-27.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 8.81% | 35.73% | 0.10x | 2.37x | CA$-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: $8,996,645,437
- Average return on equity (ROE) among peers: 7.14%
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 | $118.85 Million |
| Aberdeen International Inc. (AAB) | $214.75K | -122.83% | 0.39x | $2.91 Million |
| Base Carbon Inc. (BCBN) | $134.69 Million | 72.96% | 0.05x | $62.57 Million |
| Canadian Banc Corp (BK) | $100.64 Million | 27.16% | 0.80x | $522.90 Million |
| Brookfield Corporation (BN) | $79.87 Billion | 1.83% | 1.41x | $101.43 Billion |
| Sprott Physical Gold and Silver Trust (CEF) | $5.01 Billion | 20.29% | 0.00x | $8.97 Billion |
| Canadian General Investments Ltd (CGI) | $1.45 Billion | 21.20% | 0.14x | $768.64 Million |
| CI Financial Corp (CIX) | $1.61 Billion | 20.50% | 1.02x | $3.32 Billion |
| Clairvest Group Inc. (CVG) | $270.78 Million | 14.12% | 0.47x | $758.29 Million |
| Cymbria Corporation (CYB) | $1.45 Billion | 17.54% | 0.05x | $1.03 Billion |
| Dividend 15 Split Corp II (DF) | $70.16 Million | -1.42% | 0.79x | $150.18 Million |
About 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