M Split Corp
M Split Corp. is a close-ended equity mutual fund launched and managed by Quadravest Capital Management Inc. It invests in the public equity markets of Canada. The fund invests in the stocks of companies engaged in the financial sector. It invests its entire corpus in the stock of Manulife Financial Corp. The fund benchmarks the performance of its portfolio against the S&P TSX Financial index. M … Read more
M Split Corp (XMF-A) - Net Assets
Latest net assets as of May 2025: CA$0.00 CAD
Based on the latest financial reports, M Split Corp (XMF-A) has net assets worth CA$0.00 CAD as of May 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$12.71 Million) and total liabilities (CA$12.71 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$0.00 |
| % of Total Assets | 0% |
| Annual Growth Rate | -26.52% |
| 5-Year Change | -97.88% |
| 10-Year Change | -98.75% |
| Growth Volatility | 31.86 |
M Split Corp - Net Assets Trend (2008–2024)
This chart illustrates how M Split Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for M Split Corp (2008–2024)
The table below shows the annual net assets of M Split Corp from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-11-30 | CA$304.30K | -97.98% |
| 2023-11-30 | CA$15.07 Million | +4.35% |
| 2022-11-30 | CA$14.44 Million | +2.75% |
| 2021-11-30 | CA$14.06 Million | -2.17% |
| 2020-11-30 | CA$14.37 Million | -42.27% |
| 2019-11-30 | CA$24.89 Million | +12.95% |
| 2018-11-30 | CA$22.04 Million | -19.84% |
| 2017-11-30 | CA$27.49 Million | +10.04% |
| 2016-11-30 | CA$24.98 Million | +2.54% |
| 2015-11-30 | CA$24.36 Million | -5.90% |
| 2014-11-30 | CA$25.89 Million | +22.22% |
| 2013-11-30 | CA$21.19 Million | +43.74% |
| 2012-11-30 | CA$14.74 Million | +10.40% |
| 2011-11-30 | CA$13.35 Million | -25.04% |
| 2010-11-30 | CA$17.81 Million | -31.04% |
| 2009-11-30 | CA$25.83 Million | -38.64% |
| 2008-11-30 | CA$42.09 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to M 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 grown by 2470584000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (November 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$304.30K | 100.00% |
| Total Equity | CA$304.30K | 100.00% |
M Split Corp Competitors by Market Cap
The table below lists competitors of M Split Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TIANJIN CAP ENV -H-
MU:TIA
|
$5.24K |
|
L B Finance PLC
CM:LFINN0000
|
$5.24K |
|
Mitchell’s Fruit Farms Ltd
KAR:MFFL
|
$5.25K |
|
StartMonday Technology Corp
PINK:STMDF
|
$5.25K |
|
iCapital.biz Berhad
KLSE:5108
|
$5.23K |
|
EPAR3F
SA:EPAR3F
|
$5.22K |
|
Buxly Paints Ltd
KAR:BUXL
|
$5.22K |
|
SMARTONE TELE
MU:SMA
|
$5.21K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in M Split Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 0 to 304,296, a change of 304,296.
- Net income of 304,296 contributed positively to equity growth.
- Dividend payments of 853,459 reduced retained earnings.
- Other factors increased equity by 853,459.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$304.30K | +100.0% |
| Dividends Paid | CA$853.46K | -280.47% |
| Other Changes | CA$853.46K | +280.47% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares M 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: 5.68x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-11-30 | CA$-0.01 | CA$0.76 | x |
| 2011-11-30 | CA$-0.01 | CA$0.76 | x |
| 2012-11-30 | CA$-6.66 | CA$0.76 | x |
| 2013-11-30 | CA$-6.66 | CA$0.76 | x |
| 2014-11-30 | CA$11.38 | CA$0.76 | x |
| 2015-11-30 | CA$7.74 | CA$0.76 | x |
| 2016-11-30 | CA$7.94 | CA$0.76 | x |
| 2017-11-30 | CA$8.73 | CA$0.76 | x |
| 2018-11-30 | CA$7.00 | CA$0.76 | x |
| 2019-11-30 | CA$10.94 | CA$0.76 | x |
| 2020-11-30 | CA$6.31 | CA$0.76 | x |
| 2021-11-30 | CA$6.18 | CA$0.76 | x |
| 2022-11-30 | CA$6.35 | CA$0.76 | x |
| 2023-11-30 | CA$0.00 | CA$0.76 | x |
| 2024-11-30 | CA$0.13 | CA$0.76 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently M Split Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 100.00%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.88%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 76.42x
- Recent ROE (100.00%) is above the historical average (7.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 0.00% | -4.40% | 0.04x | 0.00x | CA$-25.62K |
| 2011 | 0.00% | 2.42% | 0.04x | 0.00x | CA$15.66K |
| 2012 | 0.00% | 89.14% | 0.08x | 0.00x | CA$2.86 Million |
| 2013 | 0.00% | 87.52% | 0.05x | 0.00x | CA$2.85 Million |
| 2014 | 3.81% | 71.08% | 0.05x | 1.08x | CA$-1.60 Million |
| 2015 | -1.35% | 0.00% | -0.01x | 1.00x | CA$-2.77 Million |
| 2016 | 6.37% | 90.41% | 0.07x | 1.01x | CA$-906.81K |
| 2017 | 13.98% | 95.31% | 0.14x | 1.02x | CA$1.09 Million |
| 2018 | -19.05% | 0.00% | -0.18x | 1.02x | CA$-6.40 Million |
| 2019 | 16.12% | 95.18% | 0.17x | 1.00x | CA$1.52 Million |
| 2020 | -19.67% | 0.00% | -0.18x | 1.00x | CA$-4.26 Million |
| 2021 | 4.26% | 73.83% | 0.06x | 1.01x | CA$-807.25K |
| 2022 | 7.53% | 84.88% | 0.09x | 1.00x | CA$-356.56K |
| 2023 | 0.00% | 85.72% | 0.12x | 0.00x | CA$1.61 Million |
| 2024 | 100.00% | 17.88% | 0.07x | 76.42x | CA$273.87K |
Industry Comparison
This section compares M Split Corp's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $398,436,303
- Average return on equity (ROE) among peers: -4.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| M Split Corp (XMF-A) | CA$0.00 | 0.00% | N/A | $5.23K |
| Alaris Equity Partners Income Trust (AD-UN) | $604.54 Million | 1.97% | 0.32x | $616.42 Million |
| AI Artificial Intelligence Ventures Inc. (AIVC) | $4.27 Million | -129.03% | 0.20x | $5.48 Million |
| Brookfield Global Infrastructure Securities Income Fund (BGI-UN) | $354.64 Million | 11.23% | 0.49x | $48.58K |
| Bankers Petroleum Ltd (BNK) | $28.51 Million | 46.55% | 0.58x | $113.70K |
| Sprott Physical Gold and Silver Trust (CEF) | $1.20 Billion | -29.28% | 0.00x | $452.56K |
| Canso Select Opportunities Corporation (CSOC-B) | $12.03 Million | -8.99% | 0.00x | $8.94 Million |
| CoTec Holdings Corp. (CTH) | $-59.00K | 0.00% | 0.00x | $51.82 Million |
| Clairvest Group Inc. (CVG) | $1.25 Billion | 9.75% | 0.14x | $159.95 Million |
| Dividend Growth Split Corp (DGS) | $296.85 Million | 37.60% | 1.53x | $52.33K |
| E Split Corp Class A (ENS) | $227.99 Million | 17.94% | 0.77x | $118.61K |