Real Estate & E-Commerce Split Corp Net Assets
Real Estate & E-Commerce Split Corp net assets. Based on the latest financial reports, Real Estate & E-Commerce Split Corp (RS) has net assets worth CA$119.90 Million CAD (≈ $86.74 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$237.71 Million ≈ $171.96 Million USD) and total liabilities (CA$117.81 Million ≈ $85.22 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 how fast is Real Estate & E-Commerce Split Corp growing its equity to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$119.90 Million |
| % of Total Assets | 50.44% |
| Annual Growth Rate | 37.98% |
| 5-Year Change | 113.92% |
| 10-Year Change | N/A |
| Growth Volatility | 47.1 |
Net Assets of Real Estate & E-Commerce Split Corp (2020–2025)
Net assets of Real Estate & E-Commerce Split Corp from 2020 to 2025. This chart illustrates how Real Estate & E-Commerce Split Corp's net assets have evolved over time, based on quarterly financial data. See net asset quality index of Real Estate & E-Commerce Split Corp to measure how much of total assets are equity-financed.
Annual Net Assets for Real Estate & E-Commerce Split Corp (2020–2025)
The table below shows the annual net assets of Real Estate & E-Commerce Split Corp from 2020 to 2025. For live market cap and overall valuation, see RS market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$108.82 Million ≈ $78.72 Million |
-3.99% |
| 2024-12-31 | CA$113.33 Million ≈ $81.98 Million |
+41.56% |
| 2023-12-31 | CA$80.06 Million ≈ $57.91 Million |
+20.47% |
| 2022-12-31 | CA$66.46 Million ≈ $48.07 Million |
+30.65% |
| 2021-12-31 | CA$50.87 Million ≈ $36.80 Million |
+133.73% |
| 2020-12-31 | CA$21.76 Million ≈ $15.74 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Real Estate & E-Commerce Split 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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Real Estate & E-Commerce Split Corp Net Assets Breakdown (December 2025)
Real Estate & E-Commerce Split Corp net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$108.82 Million | 100.00% |
| Total Equity | CA$108.82 Million | 100.00% |
Real Estate & E-Commerce Split Corp Competitors by Market Cap
The table below lists competitors of Real Estate & E-Commerce Split Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AudioEye Inc
NASDAQ:AEYE
|
$71.03 Million |
|
Shih Kuen Plastics Co Ltd
TWO:4305
|
$71.06 Million |
|
Westwater Resources Inc
NYSE MKT:WWR
|
$71.08 Million |
|
Azevedo & Travassos S.A
SA:AZEV3
|
$71.09 Million |
|
Titijaya Land Bhd
KLSE:5239
|
$70.98 Million |
|
FALCON METALS LTD
F:E47
|
$70.98 Million |
|
Great Elm Capital Corp
NASDAQ:GECC
|
$70.98 Million |
|
Handok
KO:002390
|
$70.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Real Estate & E-Commerce Split Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 113,332,959 to 108,815,095, a change of -4,517,864 (-4.0%).
- Net income of 11,038,830 contributed positively to equity growth.
- Dividend payments of 18,324,944 reduced retained earnings.
- Share repurchases of 203,860 reduced equity.
- New share issuances of 6,760,596 increased equity.
- Other factors decreased equity by 3,788,486.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$11.04 Million | +10.14% |
| Dividends Paid | CA$18.32 Million | -16.84% |
| Share Repurchases | CA$203.86K | -0.19% |
| Share Issuances | CA$6.76 Million | +6.21% |
| Other Changes | CA$-3.79 Million | -3.48% |
| Total Change | CA$- | -3.99% |
Book Value vs Market Value Analysis
This analysis compares Real Estate & E-Commerce Split 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: 0.91x
- 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 0.91x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | CA$13.38 | CA$8.44 | x |
| 2021-12-31 | CA$25.93 | CA$8.44 | x |
| 2022-12-31 | CA$17.17 | CA$8.44 | x |
| 2023-12-31 | CA$20.69 | CA$8.44 | x |
| 2024-12-31 | CA$9.88 | CA$8.44 | x |
| 2025-12-31 | CA$9.27 | CA$8.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Real Estate & E-Commerce Split Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.14%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 135.28%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 2.12x
- Recent ROE (10.14%) is above the historical average (0.93%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -1.20% | -107.17% | 0.01x | 1.77x | CA$-2.44 Million |
| 2021 | 24.18% | 898.16% | 0.02x | 1.54x | CA$7.21 Million |
| 2022 | -26.09% | -555.71% | 0.03x | 1.82x | CA$-23.98 Million |
| 2023 | 4.76% | 74.05% | 0.03x | 1.88x | CA$-4.20 Million |
| 2024 | -6.19% | -113.87% | 0.03x | 2.04x | CA$-18.35 Million |
| 2025 | 10.14% | 135.28% | 0.04x | 2.12x | CA$157.32K |
Industry Comparison
This section compares Real Estate & E-Commerce Split Corp's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $4,203,657,459
- Average return on equity (ROE) among peers: -0.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Real Estate & E-Commerce Split Corp (RS) | CA$119.90 Million | -1.20% | 0.98x | $70.99 Million |
| Aberdeen International Inc. (AAB) | $214.75K | -122.83% | 0.39x | $1.74 Million |
| Base Carbon Inc. (BCBN) | $134.69 Million | 72.96% | 0.05x | $41.59 Million |
| Canadian Banc Corp (BK) | $89.75 Million | -11.56% | 0.94x | $535.67 Million |
| Brookfield Corporation (BN) | $39.05 Billion | 5.01% | 1.33x | $97.71 Billion |
| Sprott Physical Gold and Silver Trust (CEF) | $-1.89 Billion | 0.00% | 0.00x | $7.26 Billion |
| Canadian General Investments Ltd (CGI) | $1.04 Billion | 27.74% | 0.17x | $777.02 Million |
| CI Financial Corp (CIX) | $1.62 Billion | 23.26% | 0.90x | $3.32 Billion |
| Culico Metals Inc. (CLCO) | $9.29 Million | -28.44% | 0.18x | $27.16 Million |
| Clairvest Group Inc. (CVG) | $270.78 Million | 14.12% | 0.47x | $833.60 Million |
| Cymbria Corporation (CYB) | $1.70 Billion | 11.76% | 0.08x | $1.16 Billion |
About Real Estate & E-Commerce Split Corp
Real Estate & E-Commerce Split Corp. is a balanced mutual fund launched by Middlefield Limited. The fund is managed by Middlefield Capital Corporation. Real Estate & E-Commerce Split Corp. Real Estate & E-Commerce Split Corp. was formed on October 7, 2020 and is domiciled in Canada.