TWC Enterprises Ltd (TWC) - Net Assets
Based on the latest financial reports, TWC Enterprises Ltd (TWC) has net assets worth CA$612.95 Million CAD (≈ $443.40 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$722.54 Million ≈ $522.67 Million USD) and total liabilities (CA$109.59 Million ≈ $79.28 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 financial resilience of TWC Enterprises Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$612.95 Million |
| % of Total Assets | 84.83% |
| Annual Growth Rate | 7.88% |
| 5-Year Change | 21.76% |
| 10-Year Change | 157.8% |
| Growth Volatility | 17.95 |
TWC Enterprises Ltd - Net Assets Trend (1997–2025)
This chart illustrates how TWC Enterprises Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of TWC Enterprises Ltd for the complete picture of this company's asset base.
Annual Net Assets for TWC Enterprises Ltd (1997–2025)
The table below shows the annual net assets of TWC Enterprises Ltd from 1997 to 2025. For live valuation and market cap data, see TWC market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$612.95 Million ≈ $443.40 Million |
+6.52% |
| 2024-12-31 | CA$575.43 Million ≈ $416.26 Million |
+7.04% |
| 2023-12-31 | CA$537.59 Million ≈ $388.88 Million |
+2.58% |
| 2022-12-31 | CA$524.05 Million ≈ $379.09 Million |
+4.10% |
| 2021-12-31 | CA$503.39 Million ≈ $364.14 Million |
+21.48% |
| 2020-12-31 | CA$414.37 Million ≈ $299.75 Million |
-5.08% |
| 2019-12-31 | CA$436.53 Million ≈ $315.78 Million |
+0.19% |
| 2018-12-31 | CA$435.69 Million ≈ $315.17 Million |
+87.81% |
| 2017-12-31 | CA$231.99 Million ≈ $167.82 Million |
-2.43% |
| 2016-12-31 | CA$237.76 Million ≈ $171.99 Million |
+5.58% |
| 2015-12-31 | CA$225.19 Million ≈ $162.90 Million |
+12.28% |
| 2014-12-31 | CA$200.56 Million ≈ $145.08 Million |
+3.76% |
| 2013-12-31 | CA$193.29 Million ≈ $139.83 Million |
+6.05% |
| 2012-12-31 | CA$182.27 Million ≈ $131.85 Million |
-3.84% |
| 2011-12-31 | CA$189.54 Million ≈ $137.11 Million |
+21.66% |
| 2010-12-31 | CA$155.80 Million ≈ $112.70 Million |
+0.80% |
| 2009-12-31 | CA$154.56 Million ≈ $111.81 Million |
-1.28% |
| 2008-12-31 | CA$156.57 Million ≈ $113.26 Million |
+1.54% |
| 2007-12-31 | CA$154.19 Million ≈ $111.54 Million |
+37.18% |
| 2006-12-31 | CA$112.41 Million ≈ $81.31 Million |
+12.08% |
| 2005-12-31 | CA$100.30 Million ≈ $72.55 Million |
+4.63% |
| 2004-12-31 | CA$95.86 Million ≈ $69.34 Million |
-2.21% |
| 2003-12-31 | CA$98.03 Million ≈ $70.91 Million |
-9.61% |
| 2002-12-31 | CA$108.45 Million ≈ $78.45 Million |
+1.65% |
| 2001-12-31 | CA$106.69 Million ≈ $77.18 Million |
-0.59% |
| 2000-12-31 | CA$107.32 Million ≈ $77.64 Million |
+12.22% |
| 1999-12-31 | CA$95.63 Million ≈ $69.18 Million |
+9.29% |
| 1998-12-31 | CA$87.50 Million ≈ $63.30 Million |
+19.37% |
| 1997-12-31 | CA$73.30 Million ≈ $53.02 Million |
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Equity Component Analysis
This analysis shows how different components contribute to TWC Enterprises Ltd'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 grown by 11435.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$496.01 Million | 81.66% |
| Common Stock | CA$101.37 Million | 16.69% |
| Other Comprehensive Income | CA$10.01 Million | 1.65% |
| Total Equity | CA$607.38 Million | 100.00% |
TWC Enterprises Ltd Competitors by Market Cap
The table below lists competitors of TWC Enterprises Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yarward Electronics Shandong Co. Ltd. A
SHE:301337
|
$428.46 Million |
|
Seah Holdings
KO:058650
|
$428.47 Million |
|
Grieg Seafood ASA
OL:GSF
|
$428.51 Million |
|
Invivyd Inc.
NASDAQ:IVVD
|
$428.62 Million |
|
Kumyang
KO:001570
|
$428.33 Million |
|
Cogobuy Group
F:7C3
|
$428.29 Million |
|
Shanghai Lujiazui Finance & Trade Zone Development Co Ltd B
SHG:900932
|
$428.19 Million |
|
Direct Finance TA
TA:DIFI
|
$428.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TWC Enterprises Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 567,974,000 to 607,385,000, a change of 39,411,000 (6.9%).
- Net income of 55,629,000 contributed positively to equity growth.
- Dividend payments of 8,252,000 reduced retained earnings.
- Share repurchases of 5,552,000 reduced equity.
- Other comprehensive income decreased equity by 4,310,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$55.63 Million | +9.16% |
| Dividends Paid | CA$8.25 Million | -1.36% |
| Share Repurchases | CA$5.55 Million | -0.91% |
| Other Comprehensive Income | CA$-4.31 Million | -0.71% |
| Other Changes | CA$1.90 Million | +0.31% |
| Total Change | CA$- | 6.94% |
Book Value vs Market Value Analysis
This analysis compares TWC Enterprises Ltd'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: 0.98x
- 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 8.53x to 0.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | CA$2.87 | CA$24.52 | x |
| 1998-12-31 | CA$3.43 | CA$24.52 | x |
| 1999-12-31 | CA$7.80 | CA$24.52 | x |
| 2000-12-31 | CA$9.31 | CA$24.52 | x |
| 2001-12-31 | CA$9.32 | CA$24.52 | x |
| 2002-12-31 | CA$4.85 | CA$24.52 | x |
| 2003-12-31 | CA$4.34 | CA$24.52 | x |
| 2004-12-31 | CA$4.14 | CA$24.52 | x |
| 2005-12-31 | CA$4.36 | CA$24.52 | x |
| 2006-12-31 | CA$4.85 | CA$24.52 | x |
| 2007-12-31 | CA$4.53 | CA$24.52 | x |
| 2008-12-31 | CA$4.79 | CA$24.52 | x |
| 2009-12-31 | CA$6.15 | CA$24.52 | x |
| 2010-12-31 | CA$5.57 | CA$24.52 | x |
| 2011-12-31 | CA$6.80 | CA$24.52 | x |
| 2012-12-31 | CA$6.88 | CA$24.52 | x |
| 2013-12-31 | CA$7.40 | CA$24.52 | x |
| 2014-12-31 | CA$7.42 | CA$24.52 | x |
| 2015-12-31 | CA$8.23 | CA$24.52 | x |
| 2016-12-31 | CA$8.69 | CA$24.52 | x |
| 2017-12-31 | CA$8.48 | CA$24.52 | x |
| 2018-12-31 | CA$15.94 | CA$24.52 | x |
| 2019-12-31 | CA$16.10 | CA$24.52 | x |
| 2020-12-31 | CA$15.95 | CA$24.52 | x |
| 2021-12-31 | CA$20.07 | CA$24.52 | x |
| 2022-12-31 | CA$21.01 | CA$24.52 | x |
| 2023-12-31 | CA$21.56 | CA$24.52 | x |
| 2024-12-31 | CA$23.24 | CA$24.52 | x |
| 2025-12-31 | CA$25.00 | CA$24.52 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TWC Enterprises Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.16%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.45%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 1.19x
- Recent ROE (9.16%) is above the historical average (9.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 5.87% | 5.24% | 0.76x | 1.47x | CA$-3.03 Million |
| 1998 | 13.83% | 7.47% | 1.38x | 1.34x | CA$3.35 Million |
| 1999 | 12.45% | 36.82% | 0.24x | 1.43x | CA$2.35 Million |
| 2000 | 19.57% | 56.21% | 0.26x | 1.33x | CA$10.27 Million |
| 2001 | 3.09% | 13.02% | 0.19x | 1.26x | CA$-7.37 Million |
| 2002 | 6.18% | 16.52% | 0.30x | 1.25x | CA$-4.14 Million |
| 2003 | 5.86% | 15.28% | 0.27x | 1.41x | CA$-4.06 Million |
| 2004 | 10.62% | 24.42% | 0.30x | 1.47x | CA$589.90K |
| 2005 | 12.16% | 29.36% | 0.27x | 1.55x | CA$2.16 Million |
| 2006 | 16.08% | 44.61% | 0.26x | 1.38x | CA$6.83 Million |
| 2007 | 8.51% | 5.25% | 0.27x | 6.02x | CA$-1.55 Million |
| 2008 | 5.59% | 2.91% | 0.33x | 5.85x | CA$-4.84 Million |
| 2009 | 7.22% | 5.44% | 0.33x | 4.06x | CA$-4.30 Million |
| 2010 | 7.60% | 5.77% | 0.34x | 3.92x | CA$-3.74 Million |
| 2011 | 8.65% | 7.58% | 0.33x | 3.49x | CA$-2.57 Million |
| 2012 | 7.98% | 6.76% | 0.33x | 3.58x | CA$-3.68 Million |
| 2013 | 6.81% | 6.16% | 0.32x | 3.41x | CA$-6.18 Million |
| 2014 | 1.73% | 1.63% | 0.32x | 3.36x | CA$-16.59 Million |
| 2015 | 1.89% | 1.87% | 0.32x | 3.16x | CA$-18.26 Million |
| 2016 | 6.96% | 7.23% | 0.34x | 2.86x | CA$-7.22 Million |
| 2017 | 0.88% | 0.90% | 0.36x | 2.72x | CA$-21.15 Million |
| 2018 | 51.25% | 129.34% | 0.25x | 1.61x | CA$179.73 Million |
| 2019 | 1.12% | 2.91% | 0.25x | 1.55x | CA$-38.75 Million |
| 2020 | 0.23% | 0.74% | 0.21x | 1.53x | CA$-40.47 Million |
| 2021 | 18.18% | 50.41% | 0.24x | 1.51x | CA$40.47 Million |
| 2022 | 3.62% | 9.78% | 0.26x | 1.41x | CA$-32.88 Million |
| 2023 | 4.16% | 9.56% | 0.33x | 1.32x | CA$-30.95 Million |
| 2024 | 7.19% | 16.60% | 0.35x | 1.24x | CA$-15.95 Million |
| 2025 | 9.16% | 24.45% | 0.31x | 1.19x | CA$-5.11 Million |
Industry Comparison
This section compares TWC Enterprises Ltd's net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $222,110,465
- Average return on equity (ROE) among peers: -156.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TWC Enterprises Ltd (TWC) | CA$612.95 Million | 5.87% | 0.18x | $428.38 Million |
| TUT Fitness Group Inc (GYM) | $290.24K | -568.19% | 1.44x | $292.84K |
| Canlan Ice Sports Corp. (ICE) | $44.96 Million | 2.44% | 1.35x | $41.49 Million |
| Pool Safe Inc (POOL) | $295.62K | -65.07% | 0.98x | $3.45 Million |
| Spin Master Corp (TOY) | $842.90 Million | 5.40% | 0.59x | $474.38 Million |
About TWC Enterprises Ltd
TWC Enterprises Limited owns, operates, and manages golf clubs under the ClubLink One Membership More Golf brand in Canada and the United States. The company was formerly known as ClubLink Enterprises Limited and changed its name to TWC Enterprises Limited in May 2014. TWC Enterprises Limited is based in King City, Canada. TWC Enterprises Limited is a subsidiary of Paros Enterprises Limited.