Premium Income Corporation Net Assets
Premium Income Corporation net assets. Based on the latest financial reports, Premium Income Corporation (PIC-A) has net assets worth CA$229.42 Million CAD (≈ $165.96 Million USD) as of April 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$521.35 Million ≈ $377.13 Million USD) and total liabilities (CA$291.93 Million ≈ $211.18 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. Also explore PIC-A net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$229.42 Million |
| % of Total Assets | 44.01% |
| Annual Growth Rate | 6.56% |
| 5-Year Change | 67.81% |
| 10-Year Change | 161.04% |
| Growth Volatility | 308.49 |
Net Assets of Premium Income Corporation (2009–2025)
Net assets of Premium Income Corporation from 2009 to 2025. This chart illustrates how Premium Income Corporation's net assets have evolved over time, based on quarterly financial data. See PIC-A net asset quality score to measure how much of total assets are equity-financed.
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 market cap and overall valuation, see Premium Income Corporation (PIC-A) market capitalisation.
| 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.
Premium Income Corporation Net Assets Breakdown (October 2025)
Premium Income Corporation net assets breakdown by equity component as of 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 |
|---|---|
|
Theta Gold Mines Ltd
AU:TGM
|
$147.33 Million |
|
Asia Tech Image
TWO:4974
|
$147.33 Million |
|
Prospect Resources Ltd
AU:PSC
|
$147.36 Million |
|
Hope Education Group Co. Ltd
F:HE1
|
$147.46 Million |
|
Cosmax
KO:044820
|
$147.31 Million |
|
Deutsche Konsum REIT AG
XETRA:DKG
|
$147.30 Million |
|
Feintool International Holding
SW:FTON
|
$147.25 Million |
|
China Tian Lun Gas Holdings Limited
F:TLJ
|
$147.22 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.
- New share issuances of 119,354,809 increased equity.
- Other factors increased equity by 57,515,759.
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% |
| Share Issuances | CA$119.35 Million | +71.54% |
| Other Changes | CA$57.52 Million | +34.47% |
| Total Change | CA$- | 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: 1.02x
- 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 1.02x 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$9.72 | x |
| 2009-10-31 | CA$4.93 | CA$9.72 | x |
| 2010-10-31 | CA$5.51 | CA$9.72 | x |
| 2011-10-31 | CA$5.76 | CA$9.72 | x |
| 2012-10-31 | CA$5.53 | CA$9.72 | x |
| 2013-10-31 | CA$6.96 | CA$9.72 | x |
| 2014-10-31 | CA$8.60 | CA$9.72 | x |
| 2015-10-31 | CA$5.80 | CA$9.72 | x |
| 2016-10-31 | CA$6.00 | CA$9.72 | x |
| 2017-10-31 | CA$8.18 | CA$9.72 | x |
| 2018-10-31 | CA$5.81 | CA$9.72 | x |
| 2019-10-31 | CA$6.49 | CA$9.72 | x |
| 2020-10-31 | CA$0.95 | CA$9.72 | x |
| 2021-10-31 | CA$7.40 | CA$9.72 | x |
| 2022-10-31 | CA$4.29 | CA$9.72 | x |
| 2023-10-31 | CA$0.51 | CA$9.72 | x |
| 2024-10-31 | CA$7.03 | CA$9.72 | x |
| 2025-10-31 | CA$9.51 | CA$9.72 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Premium Income Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 50.43%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 277.92%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 2.54x
- Recent ROE (50.43%) is above the historical average (-27.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 8.81% | 35.73% | 0.10x | 2.37x | CA$-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: $17,012,400,815
- Average return on equity (ROE) among peers: 9.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Premium Income Corporation (PIC-A) | CA$229.42 Million | 8.81% | 1.27x | $147.32 Million |
| Aberdeen International Inc. (AAB) | $28.67 Million | 6.52% | 0.06x | $1.74 Million |
| Base Carbon Inc. (BCBN) | $52.38 Million | -2.92% | 0.01x | $41.59 Million |
| Canadian Banc Corp (BK) | $98.80 Million | 12.59% | 0.84x | $524.68 Million |
| Brookfield Corporation (BN) | $165.38 Billion | 0.39% | 1.97x | $92.30 Billion |
| Sprott Physical Gold and Silver Trust (CEF) | $541.00 Million | 7.88% | 0.00x | $6.99 Billion |
| Canadian General Investments Ltd (CGI) | $1.16 Billion | 15.01% | 0.15x | $763.28 Million |
| CI Financial Corp (CIX) | $1.90 Billion | 29.18% | 0.74x | $3.32 Billion |
| Culico Metals Inc. (CLCO) | $0.00 | 0.00% | 0.00x | $23.65 Million |
| Clairvest Group Inc. (CVG) | $234.44 Million | 5.47% | 0.29x | $842.02 Million |
| Cymbria Corporation (CYB) | $728.31 Million | 16.15% | 0.06x | $1.15 Billion |
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