Yellow Pages Limited (Y) - Net Assets

Latest as of December 2025: CA$51.84 Million CAD ≈ $37.50 Million USD

Based on the latest financial reports, Yellow Pages Limited (Y) has net assets worth CA$51.84 Million CAD (≈ $37.50 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$162.59 Million ≈ $117.61 Million USD) and total liabilities (CA$110.75 Million ≈ $80.11 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 Yellow Pages Limited to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$51.84 Million
% of Total Assets	31.88%
Annual Growth Rate	-24.43%
5-Year Change	-55.36%
10-Year Change	-85.95%
Growth Volatility	100.13

Yellow Pages Limited - Net Assets Trend (2008–2025)

This chart illustrates how Yellow Pages Limited's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Yellow Pages Limited for the complete picture of this company's asset base.

Annual Net Assets for Yellow Pages Limited (2008–2025)

The table below shows the annual net assets of Yellow Pages Limited from 2008 to 2025. For live valuation and market cap data, see Y market cap.

Year	Net Assets	Change
2025-12-31	CA$51.84 Million ≈ $37.50 Million	-3.64%
2024-12-31	CA$53.80 Million ≈ $38.92 Million	+27.32%
2023-12-31	CA$42.26 Million ≈ $30.57 Million	-35.76%
2022-12-31	CA$65.78 Million ≈ $47.58 Million	-43.36%
2021-12-31	CA$116.13 Million ≈ $84.01 Million	+296.34%
2020-12-31	CA$29.30 Million ≈ $21.20 Million	+275.88%
2019-12-31	CA$-16.66 Million ≈ $-12.05 Million	+86.02%
2018-12-31	CA$-119.16 Million ≈ $-86.20 Million	+45.54%
2017-12-31	CA$-218.80 Million ≈ $-158.27 Million	-159.31%
2016-12-31	CA$368.90 Million ≈ $266.86 Million	-51.43%
2015-12-31	CA$759.52 Million ≈ $549.43 Million	+11.01%
2014-12-31	CA$684.18 Million ≈ $494.93 Million	+25.65%
2013-12-31	CA$544.50 Million ≈ $393.88 Million	+90.28%
2012-12-31	CA$286.16 Million ≈ $207.00 Million	-86.28%
2011-12-31	CA$2.09 Billion ≈ $1.51 Billion	-64.96%
2010-12-31	CA$5.95 Billion ≈ $4.30 Billion	-1.19%
2009-12-31	CA$6.02 Billion ≈ $4.36 Billion	-0.62%
2008-12-31	CA$6.06 Billion ≈ $4.38 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Yellow Pages Limited'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 58132900000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	CA$95.15 Million	183.55%
Other Comprehensive Income	CA$2.41 Million	4.65%
Total Equity	CA$51.84 Million	100.00%

Yellow Pages Limited Competitors by Market Cap

The table below lists competitors of Yellow Pages Limited ranked by their market capitalization.

Company	Market Cap
Tarsons Products Limited NSE:TARSONS	$126.54 Million
Encounter Resources Ltd AU:ENR	$126.57 Million
Dongkuk Industries Co. Ltd KQ:005160	$126.58 Million
Her Chee Industrial Co Ltd TWO:8937	$126.63 Million
Yao Sheng Electronic Co Ltd TWO:3207	$126.50 Million
Info-Tek TWO:8183	$126.49 Million
Showbox Corp KQ:086980	$126.44 Million
BHMINESLTD FPO [BHM] AU:BHM	$126.42 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Yellow Pages Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 53,800,000 to 51,839,000, a change of -1,961,000 (-3.6%).
Net income of 18,107,000 contributed positively to equity growth.
Dividend payments of 13,567,000 reduced retained earnings.
Share repurchases of 62,000 reduced equity.
New share issuances of 62,000 increased equity.
Other comprehensive income increased equity by 1,198,001.
Other factors decreased equity by 7,699,001.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CA$18.11 Million	+34.93%
Dividends Paid	CA$13.57 Million	-26.17%
Share Repurchases	CA$62.00K	-0.12%
Share Issuances	CA$62.00K	+0.12%
Other Comprehensive Income	CA$1.20 Million	+2.31%
Other Changes	CA$-7.70 Million	-14.85%
Total Change	CA$-	-3.64%

Book Value vs Market Value Analysis

This analysis compares Yellow Pages Limited'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: 3.42x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has increased from 1.31x to 3.42x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2008-12-31	CA$9.84	CA$12.89	x
2009-12-31	CA$9.30	CA$12.89	x
2010-12-31	CA$9.21	CA$12.89	x
2011-12-31	CA$4.07	CA$12.89	x
2012-12-31	CA$10.22	CA$12.89	x
2013-12-31	CA$16.20	CA$12.89	x
2014-12-31	CA$20.30	CA$12.89	x
2015-12-31	CA$22.70	CA$12.89	x
2016-12-31	CA$13.92	CA$12.89	x
2017-12-31	CA$-8.29	CA$12.89	x
2018-12-31	CA$-3.65	CA$12.89	x
2019-12-31	CA$-0.51	CA$12.89	x
2020-12-31	CA$0.90	CA$12.89	x
2021-12-31	CA$4.35	CA$12.89	x
2022-12-31	CA$2.75	CA$12.89	x
2023-12-31	CA$2.38	CA$12.89	x
2024-12-31	CA$3.91	CA$12.89	x
2025-12-31	CA$3.77	CA$12.89	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Yellow Pages Limited 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): 34.93%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 9.10%
• Asset Turnover: 1.22x
• Equity Multiplier: 3.14x
Recent ROE (34.93%) is above the historical average (-15.15%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2008	8.42%	30.01%	0.18x	1.55x	CA$-95.83 Million
2009	3.58%	12.46%	0.18x	1.57x	CA$-365.50 Million
2010	4.60%	16.13%	0.18x	1.58x	CA$-318.70 Million
2011	-135.91%	-213.16%	0.26x	2.42x	CA$-3.04 Billion
2012	-683.68%	-176.36%	0.63x	6.15x	CA$-1.98 Billion
2013	32.39%	18.15%	0.54x	3.29x	CA$121.91 Million
2014	27.56%	21.49%	0.50x	2.56x	CA$120.12 Million
2015	8.04%	7.36%	0.49x	2.25x	CA$-14.90 Million
2016	-109.43%	-49.35%	0.74x	2.98x	CA$-440.60 Million
2017	0.00%	-79.01%	1.41x	0.00x	CA$-567.45 Million
2018	0.00%	14.35%	1.30x	0.00x	CA$94.73 Million
2019	0.00%	23.48%	1.23x	0.00x	CA$96.33 Million
2020	205.79%	18.08%	0.91x	12.56x	CA$57.37 Million
2021	60.82%	24.56%	0.94x	2.63x	CA$59.02 Million
2022	111.63%	27.37%	1.29x	3.15x	CA$66.85 Million
2023	112.17%	19.80%	1.43x	3.96x	CA$43.17 Million
2024	46.43%	11.63%	1.31x	3.05x	CA$19.60 Million
2025	34.93%	9.10%	1.22x	3.14x	CA$12.92 Million

Industry Comparison

This section compares Yellow Pages Limited's net assets metrics with peer companies in the Publishing industry.

Industry Context

Industry: Publishing
Average net assets among peers: $-77,648,750
Average return on equity (ROE) among peers: 17.56%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Yellow Pages Limited (Y)	CA$51.84 Million	8.42%	2.14x	$126.52 Million
FP Newspapers Inc (FP)	$6.95 Million	57.35%	0.18x	$3.84 Million
Glacier Media Inc. (GVC)	$49.83 Million	12.88%	1.72x	$32.25 Million
Postmedia Network Canada Corp (PNC-A)	$-272.31 Million	0.00%	0.00x	$199.93K
Postmedia Network Canada Corp (PNC-B)	$-95.06 Million	0.00%	0.00x	$71.43 Million

About Yellow Pages Limited

TO:Y Canada Publishing

Market Cap

$126.52 Million

CA$174.90 Million CAD

Market Cap Rank

#18277 Global

#604 in Canada

Share Price

CA$12.89

Change (1 day)

-4.09%

52-Week Range

CA$10.50 - CA$13.65

All Time High

CA$17.20