Urbana Corporation (URB) - Net Assets
Based on the latest financial reports, Urbana Corporation (URB) has net assets worth CA$582.15 Million CAD (≈ $421.12 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$676.61 Million ≈ $489.45 Million USD) and total liabilities (CA$94.46 Million ≈ $68.33 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 Urbana Corporation (URB) strategic asset index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$582.15 Million |
| % of Total Assets | 86.04% |
| Annual Growth Rate | 26.05% |
| 5-Year Change | 77.74% |
| 10-Year Change | 126.15% |
| Growth Volatility | 182.89 |
Urbana Corporation - Net Assets Trend (1999–2025)
This chart illustrates how Urbana Corporation's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see URB stock market capitalisation.
Annual Net Assets for Urbana Corporation (1999–2025)
The table below shows the annual net assets of Urbana Corporation from 1999 to 2025. Also explore URB net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$535.23 Million ≈ $387.18 Million |
+13.54% |
| 2024-12-31 | CA$471.39 Million ≈ $341.00 Million |
+25.85% |
| 2023-12-31 | CA$374.57 Million ≈ $270.96 Million |
+20.98% |
| 2022-12-31 | CA$309.60 Million ≈ $223.96 Million |
+2.81% |
| 2021-12-31 | CA$301.14 Million ≈ $217.84 Million |
+20.86% |
| 2020-12-31 | CA$249.17 Million ≈ $180.25 Million |
-1.72% |
| 2019-12-31 | CA$253.53 Million ≈ $183.40 Million |
+22.22% |
| 2018-12-31 | CA$207.43 Million ≈ $150.05 Million |
-17.45% |
| 2017-12-31 | CA$251.29 Million ≈ $181.78 Million |
+6.17% |
| 2016-12-31 | CA$236.68 Million ≈ $171.21 Million |
+27.22% |
| 2015-12-31 | CA$186.04 Million ≈ $134.58 Million |
-0.58% |
| 2014-12-31 | CA$187.14 Million ≈ $135.37 Million |
+7.02% |
| 2013-12-31 | CA$174.85 Million ≈ $126.49 Million |
+35.47% |
| 2012-12-31 | CA$129.07 Million ≈ $93.37 Million |
-5.58% |
| 2011-12-31 | CA$136.70 Million ≈ $98.89 Million |
-15.90% |
| 2010-12-31 | CA$162.54 Million ≈ $117.58 Million |
-14.48% |
| 2009-12-31 | CA$190.06 Million ≈ $137.49 Million |
+8.24% |
| 2008-12-31 | CA$175.60 Million ≈ $127.02 Million |
-37.21% |
| 2007-12-31 | CA$279.66 Million ≈ $202.31 Million |
+938.98% |
| 2006-12-31 | CA$26.92 Million ≈ $19.47 Million |
+137.47% |
| 2005-12-31 | CA$11.33 Million ≈ $8.20 Million |
+76.61% |
| 2004-12-31 | CA$6.42 Million ≈ $4.64 Million |
+204.68% |
| 2003-12-31 | CA$2.11 Million ≈ $1.52 Million |
+53.33% |
| 2002-12-31 | CA$1.37 Million ≈ $993.79K |
-5.38% |
| 2001-12-31 | CA$1.45 Million ≈ $1.05 Million |
+8.30% |
| 2000-12-31 | CA$1.34 Million ≈ $969.80K |
+3.13% |
| 1999-12-31 | CA$1.30 Million ≈ $940.40K |
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Equity Component Analysis
This analysis shows how different components contribute to Urbana 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 grown by 37082314900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$369.82 Million | 69.10% |
| Common Stock | CA$98.76 Million | 18.45% |
| Other Components | CA$66.65 Million | 12.45% |
| Total Equity | CA$535.23 Million | 100.00% |
Urbana Corporation Competitors by Market Cap
The table below lists competitors of Urbana Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Quantum X Labs Inc.
NASDAQ:QXL
|
$63.61 Million |
|
Gentian Diagnostics AS
OL:GENT
|
$63.62 Million |
|
A SPAC II Acquisition Corp. Ordinary Shares
NASDAQ:ASCB
|
$63.65 Million |
|
Arlitech Electronic
TWO:6432
|
$63.67 Million |
|
Vietnam Ocean Shipping JSC
VN:VOS
|
$63.56 Million |
|
Deniz Gayrimenkul Yatirim Ortakligi AS
IS:DZGYO
|
$63.52 Million |
|
Schnapp
TA:SHNP
|
$63.47 Million |
|
WithTech Inc.
KQ:348350
|
$63.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Urbana Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 471,390,794 to 535,232,800, a change of 63,842,006 (13.5%).
- Net income of 69,223,397 contributed positively to equity growth.
- Dividend payments of 5,381,391 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$69.22 Million | +12.93% |
| Dividends Paid | CA$5.38 Million | -1.01% |
| Total Change | CA$- | 13.54% |
Book Value vs Market Value Analysis
This analysis compares Urbana 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: 0.68x
- 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 31.39x to 0.68x 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$0.28 | CA$8.79 | x |
| 1998-12-31 | CA$0.28 | CA$8.79 | x |
| 1999-12-31 | CA$0.96 | CA$8.79 | x |
| 2000-12-31 | CA$0.61 | CA$8.79 | x |
| 2001-12-31 | CA$0.64 | CA$8.79 | x |
| 2002-12-31 | CA$0.60 | CA$8.79 | x |
| 2003-12-31 | CA$0.92 | CA$8.79 | x |
| 2004-12-31 | CA$1.21 | CA$8.79 | x |
| 2005-12-31 | CA$1.26 | CA$8.79 | x |
| 2006-12-31 | CA$2.88 | CA$8.79 | x |
| 2007-12-31 | CA$6.28 | CA$8.79 | x |
| 2008-12-31 | CA$2.03 | CA$8.79 | x |
| 2009-12-31 | CA$2.19 | CA$8.79 | x |
| 2010-12-31 | CA$1.73 | CA$8.79 | x |
| 2011-12-31 | CA$1.63 | CA$8.79 | x |
| 2012-12-31 | CA$1.81 | CA$8.79 | x |
| 2013-12-31 | CA$2.68 | CA$8.79 | x |
| 2014-12-31 | CA$3.15 | CA$8.79 | x |
| 2015-12-31 | CA$3.36 | CA$8.79 | x |
| 2016-12-31 | CA$4.46 | CA$8.79 | x |
| 2017-12-31 | CA$4.98 | CA$8.79 | x |
| 2018-12-31 | CA$4.15 | CA$8.79 | x |
| 2019-12-31 | CA$5.08 | CA$8.79 | x |
| 2020-12-31 | CA$5.20 | CA$8.79 | x |
| 2021-12-31 | CA$6.87 | CA$8.79 | x |
| 2022-12-31 | CA$7.36 | CA$8.79 | x |
| 2023-12-31 | CA$9.05 | CA$8.79 | x |
| 2024-12-31 | CA$11.39 | CA$8.79 | x |
| 2025-12-31 | CA$12.93 | CA$8.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Urbana 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): 12.93%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: -0.02x
- • Equity Multiplier: 1.15x
- Recent ROE (12.93%) is above the historical average (10.06%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 14.29% | 100.00% | 0.14x | 1.00x | CA$30.00K |
| 1999 | 23.40% | 148.96% | 0.15x | 1.02x | CA$174.23K |
| 2000 | 2.86% | 21.78% | 0.13x | 1.00x | CA$-95.73K |
| 2001 | 19.68% | 74.98% | 0.26x | 1.02x | CA$140.56K |
| 2002 | -6.14% | -251.77% | 0.01x | 1.74x | CA$-221.76K |
| 2003 | 42.95% | 0.00% | 0.00x | 1.67x | CA$694.06K |
| 2004 | -0.86% | -10.47% | 0.07x | 1.22x | CA$-696.94K |
| 2005 | 43.38% | 2382.49% | 0.02x | 1.19x | CA$3.78 Million |
| 2006 | 50.83% | 2379.33% | 0.02x | 1.19x | CA$10.99 Million |
| 2007 | 4.81% | 539.29% | 0.01x | 1.12x | CA$-13.65 Million |
| 2008 | -65.59% | 0.00% | 0.00x | 1.18x | CA$-119.74 Million |
| 2009 | -0.78% | -43.94% | 0.02x | 1.09x | CA$-18.83 Million |
| 2010 | -12.43% | -988.26% | 0.01x | 1.19x | CA$-33.21 Million |
| 2011 | -10.73% | 0.00% | -0.03x | 1.19x | CA$-26.26 Million |
| 2012 | 5.66% | 52.65% | 0.10x | 1.11x | CA$-5.60 Million |
| 2013 | 33.69% | 99.13% | 0.31x | 1.10x | CA$41.42 Million |
| 2014 | 11.15% | 82.14% | 0.13x | 1.04x | CA$2.15 Million |
| 2015 | 5.55% | 79.82% | 0.07x | 1.05x | CA$-8.29 Million |
| 2016 | 22.97% | 85.35% | 0.24x | 1.10x | CA$30.71 Million |
| 2017 | 11.46% | 84.03% | 0.13x | 1.06x | CA$3.68 Million |
| 2018 | -18.73% | 0.00% | -0.20x | 1.04x | CA$-59.60 Million |
| 2019 | 20.02% | 86.67% | 0.20x | 1.15x | CA$25.39 Million |
| 2020 | 5.25% | 81.77% | 0.06x | 1.16x | CA$-11.83 Million |
| 2021 | 19.92% | 86.07% | 0.20x | 1.16x | CA$29.88 Million |
| 2022 | 6.11% | 80.70% | 0.06x | 1.19x | CA$-12.04 Million |
| 2023 | 18.56% | 76.81% | 0.20x | 1.20x | CA$32.07 Million |
| 2024 | 21.59% | 141.77% | 0.14x | 1.10x | CA$54.65 Million |
| 2025 | 12.93% | 0.00% | -0.02x | 1.15x | CA$15.70 Million |
Industry Comparison
This section compares Urbana Corporation's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,401,028,513
- Average return on equity (ROE) among peers: -3.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Urbana Corporation (URB) | CA$582.15 Million | 14.29% | 0.16x | $63.59 Million |
| Aberdeen International Inc. (AAB) | $65.45 Million | -46.80% | 0.16x | $3.49 Million |
| Base Carbon Inc. (BCBN) | $43.86 Million | -35.28% | 0.01x | $40.85 Million |
| Canadian Banc Corp (BK) | $126.05 Million | 17.14% | 0.90x | $571.47 Million |
| Brookfield Corporation (BN) | $5.78 Billion | 11.23% | 8.27x | $85.27 Billion |
| Sprott Physical Gold and Silver Trust (CEF) | $3.24 Billion | -22.98% | 0.00x | $8.39 Billion |
| Canadian General Investments Ltd (CGI) | $454.78 Million | 9.92% | 0.33x | $769.62 Million |
| CI Financial Corp (CIX) | $1.75 Billion | 28.78% | 0.98x | $3.32 Billion |
| Culico Metals Inc. (CLCO) | $9.66 Million | -14.52% | 0.10x | $25.70 Million |
| Clairvest Group Inc. (CVG) | $1.18 Billion | 28.01% | 0.15x | $774.48 Million |
| Cymbria Corporation (CYB) | $1.36 Billion | -5.91% | 0.05x | $1.10 Billion |
About Urbana Corporation
Urbana Corporation is an investment fund launched and managed by Caldwell Investment Management Ltd. For its equity investment the fund primarily invests in public equity markets of United States and Canada. The fund primarily focuses on U.S. financial companies and Canadian resource companies for equity investments. The fund also focuses on private equity investments. It was formerly known as Ma… Read more