RF Capital Group Inc (RCG) - Net Assets
Based on the latest financial reports, RF Capital Group Inc (RCG) has net assets worth CA$318.63 Million CAD (≈ $230.49 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$1.38 Billion ≈ $994.81 Million USD) and total liabilities (CA$1.06 Billion ≈ $764.32 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 RCG asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$318.63 Million |
| % of Total Assets | 23.17% |
| Annual Growth Rate | 7.71% |
| 5-Year Change | -13.92% |
| 10-Year Change | -3.01% |
| Growth Volatility | 31.26 |
RF Capital Group Inc - Net Assets Trend (2002–2024)
This chart illustrates how RF Capital Group Inc's net assets have evolved over time, based on quarterly financial data. Also explore RCG total asset value for the complete picture of this company's asset base.
Annual Net Assets for RF Capital Group Inc (2002–2024)
The table below shows the annual net assets of RF Capital Group Inc from 2002 to 2024. For live valuation and market cap data, see RF Capital Group Inc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$326.98 Million ≈ $236.53 Million |
-1.08% |
| 2023-12-31 | CA$330.54 Million ≈ $239.11 Million |
-4.72% |
| 2022-12-31 | CA$346.92 Million ≈ $250.96 Million |
-2.25% |
| 2021-12-31 | CA$354.89 Million ≈ $256.72 Million |
-6.57% |
| 2020-12-31 | CA$379.86 Million ≈ $274.79 Million |
+87.25% |
| 2019-12-31 | CA$202.86 Million ≈ $146.75 Million |
-30.06% |
| 2018-12-31 | CA$290.03 Million ≈ $209.80 Million |
-1.16% |
| 2017-12-31 | CA$293.43 Million ≈ $212.26 Million |
-12.70% |
| 2016-12-31 | CA$336.11 Million ≈ $243.13 Million |
-0.30% |
| 2015-12-31 | CA$337.13 Million ≈ $243.87 Million |
-8.96% |
| 2014-12-31 | CA$370.29 Million ≈ $267.86 Million |
-4.35% |
| 2013-12-31 | CA$387.13 Million ≈ $280.05 Million |
+4.14% |
| 2012-12-31 | CA$371.73 Million ≈ $268.91 Million |
+0.41% |
| 2011-12-31 | CA$370.21 Million ≈ $267.80 Million |
+9.39% |
| 2010-12-31 | CA$338.43 Million ≈ $244.81 Million |
+1.11% |
| 2009-12-31 | CA$334.72 Million ≈ $242.13 Million |
+36.43% |
| 2008-12-31 | CA$245.33 Million ≈ $177.47 Million |
-16.01% |
| 2007-12-31 | CA$292.11 Million ≈ $211.31 Million |
+9.18% |
| 2006-12-31 | CA$267.56 Million ≈ $193.55 Million |
+50.56% |
| 2005-12-31 | CA$177.71 Million ≈ $128.55 Million |
+19.02% |
| 2004-12-31 | CA$149.31 Million ≈ $108.01 Million |
+15.57% |
| 2003-12-31 | CA$129.20 Million ≈ $93.46 Million |
+102.40% |
| 2002-12-31 | CA$63.83 Million ≈ $46.18 Million |
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Equity Component Analysis
This analysis shows how different components contribute to RF Capital Group Inc'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 31399200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$461.65 Million | 141.19% |
| Other Components | CA$179.32 Million | 54.84% |
| Total Equity | CA$326.98 Million | 100.00% |
RF Capital Group Inc Competitors by Market Cap
The table below lists competitors of RF Capital Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Stellar V Capital Corp. Unit
NASDAQ:SVCCU
|
$227.39 Million |
|
Young Optics Inc
TW:3504
|
$227.47 Million |
|
Boyaa Interactive International Limited
F:1BY
|
$227.49 Million |
|
BF Utilities Limited
NSE:BFUTILITIE
|
$227.67 Million |
|
LF Capital Acquisition Corp. II Units
NASDAQ:LFACU
|
$227.28 Million |
|
RGC Resources Inc
NASDAQ:RGCO
|
$227.22 Million |
|
E-Lead Electronic Co Ltd
TW:2497
|
$227.21 Million |
|
Copper Fox Metals Inc.
V:CUU
|
$227.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in RF Capital Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 330,539,000 to 326,982,000, a change of -3,557,000 (-1.1%).
- Net income of 568,000 contributed positively to equity growth.
- Dividend payments of 4,292,000 reduced retained earnings.
- Other comprehensive income decreased equity by 20,293,000.
- Other factors increased equity by 20,460,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$568.00K | +0.17% |
| Dividends Paid | CA$4.29 Million | -1.31% |
| Other Comprehensive Income | CA$-20.29 Million | -6.21% |
| Other Changes | CA$20.46 Million | +6.26% |
| Total Change | CA$- | -1.08% |
Book Value vs Market Value Analysis
This analysis compares RF Capital Group Inc'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: 0.96x
- 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 decreased from 1.76x to 0.96x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | CA$11.36 | CA$19.99 | x |
| 2003-12-31 | CA$23.04 | CA$19.99 | x |
| 2004-12-31 | CA$26.09 | CA$19.99 | x |
| 2005-12-31 | CA$30.54 | CA$19.99 | x |
| 2006-12-31 | CA$42.99 | CA$19.99 | x |
| 2007-12-31 | CA$45.12 | CA$19.99 | x |
| 2008-12-31 | CA$32.94 | CA$19.99 | x |
| 2009-12-31 | CA$47.99 | CA$19.99 | x |
| 2010-12-31 | CA$43.65 | CA$19.99 | x |
| 2011-12-31 | CA$49.46 | CA$19.99 | x |
| 2012-12-31 | CA$52.17 | CA$19.99 | x |
| 2013-12-31 | CA$54.86 | CA$19.99 | x |
| 2014-12-31 | CA$49.62 | CA$19.99 | x |
| 2015-12-31 | CA$50.77 | CA$19.99 | x |
| 2016-12-31 | CA$49.98 | CA$19.99 | x |
| 2017-12-31 | CA$42.51 | CA$19.99 | x |
| 2018-12-31 | CA$37.78 | CA$19.99 | x |
| 2019-12-31 | CA$26.89 | CA$19.99 | x |
| 2020-12-31 | CA$40.50 | CA$19.99 | x |
| 2021-12-31 | CA$22.28 | CA$19.99 | x |
| 2022-12-31 | CA$21.78 | CA$19.99 | x |
| 2023-12-31 | CA$21.70 | CA$19.99 | x |
| 2024-12-31 | CA$20.83 | CA$19.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently RF Capital Group Inc 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): 0.17%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.15%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 4.46x
- Recent ROE (0.17%) is below the historical average (14.51%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 96.74% | 63.87% | 0.37x | 4.06x | CA$55.17 Million |
| 2003 | 61.53% | 58.57% | 0.27x | 3.83x | CA$66.48 Million |
| 2004 | 32.96% | 26.47% | 0.32x | 3.87x | CA$34.25 Million |
| 2005 | 38.21% | 26.75% | 0.37x | 3.89x | CA$50.08 Million |
| 2006 | 45.13% | 33.57% | 0.35x | 3.89x | CA$93.38 Million |
| 2007 | 50.48% | 30.84% | 0.43x | 3.80x | CA$117.19 Million |
| 2008 | 12.36% | 8.97% | 0.33x | 4.12x | CA$4.99 Million |
| 2009 | 13.25% | 12.52% | 0.30x | 3.53x | CA$10.59 Million |
| 2010 | 6.17% | 4.62% | 0.31x | 4.34x | CA$-12.71 Million |
| 2011 | 7.12% | 8.59% | 0.24x | 3.48x | CA$-10.47 Million |
| 2012 | 0.98% | 1.34% | 0.20x | 3.69x | CA$-32.96 Million |
| 2013 | 1.26% | 2.32% | 0.11x | 5.00x | CA$-33.56 Million |
| 2014 | 4.05% | 5.74% | 0.14x | 5.17x | CA$-21.92 Million |
| 2015 | -8.31% | -13.01% | 0.12x | 5.33x | CA$-61.84 Million |
| 2016 | -3.44% | -5.99% | 0.10x | 5.97x | CA$-45.17 Million |
| 2017 | -16.06% | -25.22% | 0.09x | 6.74x | CA$-76.46 Million |
| 2018 | 0.88% | 1.43% | 0.10x | 5.94x | CA$-26.46 Million |
| 2019 | -6.76% | -40.37% | 0.03x | 6.69x | CA$-34.00 Million |
| 2020 | 7.57% | 35.70% | 0.04x | 5.58x | CA$-9.24 Million |
| 2021 | -5.68% | -6.26% | 0.15x | 6.24x | CA$-55.64 Million |
| 2022 | -1.38% | -1.36% | 0.21x | 4.90x | CA$-39.50 Million |
| 2023 | -3.60% | -3.43% | 0.25x | 4.17x | CA$-44.95 Million |
| 2024 | 0.17% | 0.15% | 0.25x | 4.46x | CA$-32.13 Million |
Industry Comparison
This section compares RF Capital Group Inc's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $3,989,024,875
- Average return on equity (ROE) among peers: 8.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| RF Capital Group Inc (RCG) | CA$318.63 Million | 96.74% | 3.32x | $227.36 Million |
| Aberdeen International Inc. (AAB) | $25.89 Million | -37.52% | 0.12x | $3.49 Million |
| Base Carbon Inc. (BCBN) | $43.86 Million | -35.28% | 0.01x | $67.04 Million |
| Canadian Banc Corp (BK) | $97.56 Million | 25.22% | 0.73x | $525.03 Million |
| Brookfield Corporation (BN) | $29.19 Billion | 4.98% | 1.68x | $99.82 Billion |
| Sprott Physical Gold and Silver Trust (CEF) | $4.42 Billion | 22.79% | 0.00x | $9.12 Billion |
| Canadian General Investments Ltd (CGI) | $1.45 Billion | 21.20% | 0.14x | $767.51 Million |
| CI Financial Corp (CIX) | $1.91 Billion | 27.54% | 0.58x | $3.32 Billion |
| Clairvest Group Inc. (CVG) | $1.22 Billion | 4.30% | 0.17x | $752.38 Million |
| Cymbria Corporation (CYB) | $1.36 Billion | -5.91% | 0.05x | $987.87 Million |
| Dividend 15 Split Corp II (DF) | $172.83 Million | 55.20% | 1.48x | $151.03 Million |
About RF Capital Group Inc
RF Capital Group Inc., together with its subsidiaries, provides various wealth management services in Canada. The company offers investment, financial planning, insurance, and tax and estate planning services. The company was formerly known as GMP Capital Inc. and changed its name to RF Capital Group Inc. in November 2020. RF Capital Group Inc. was founded in 1857 and is headquartered in Toronto,… Read more