Commerce Split Corp (YCM) - Net Assets
Based on the latest financial reports, Commerce Split Corp (YCM) has net assets worth CA$1.96 Million CAD (≈ $1.42 Million USD) as of May 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$11.00 Million ≈ $7.96 Million USD) and total liabilities (CA$9.04 Million ≈ $6.54 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 Commerce Split Corp (YCM) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$1.96 Million |
| % of Total Assets | 17.81% |
| Annual Growth Rate | -24.35% |
| 5-Year Change | -73.97% |
| 10-Year Change | -91.19% |
| Growth Volatility | 123.91 |
Commerce Split Corp - Net Assets Trend (2007–2023)
This chart illustrates how Commerce Split Corp's net assets have evolved over time, based on quarterly financial data. Also explore Commerce Split Corp balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Commerce Split Corp (2007–2023)
The table below shows the annual net assets of Commerce Split Corp from 2007 to 2023. For live valuation and market cap data, see Commerce Split Corp (YCM) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2023-11-30 | CA$627.49K ≈ $453.92K |
-71.91% |
| 2022-11-30 | CA$2.23 Million ≈ $1.62 Million |
-42.10% |
| 2021-11-30 | CA$3.86 Million ≈ $2.79 Million |
+143.62% |
| 2020-11-30 | CA$1.58 Million ≈ $1.15 Million |
-34.30% |
| 2019-11-30 | CA$2.41 Million ≈ $1.74 Million |
+5.42% |
| 2018-11-30 | CA$2.29 Million ≈ $1.65 Million |
-43.57% |
| 2017-11-30 | CA$4.05 Million ≈ $2.93 Million |
+49.86% |
| 2016-11-30 | CA$2.70 Million ≈ $1.96 Million |
+25.97% |
| 2015-11-30 | CA$2.15 Million ≈ $1.55 Million |
-69.87% |
| 2014-11-30 | CA$7.13 Million ≈ $5.15 Million |
+123.03% |
| 2013-11-30 | CA$3.19 Million ≈ $2.31 Million |
+360.29% |
| 2012-11-30 | CA$694.12K ≈ $502.11K |
+14912.57% |
| 2011-11-30 | CA$-4.69K ≈ $-3.39K |
-102.57% |
| 2010-11-30 | CA$182.21K ≈ $131.81K |
-- |
| 2009-11-30 | CA$0.00 ≈ $0.00 |
-- |
| 2008-11-30 | CA$0.00 ≈ $0.00 |
-- |
| 2007-11-30 | CA$54.59 Million ≈ $39.49 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to 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 grown by 2384683600.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (November 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$627.49K | 100.00% |
| Total Equity | CA$627.49K | 100.00% |
Commerce Split Corp Competitors by Market Cap
The table below lists competitors of Commerce Split Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sonoro Energy Ltd
V:SNV
|
$6.94 Million |
|
Canadian Premium Sand Inc
V:CPS
|
$6.95 Million |
|
SUPERNOVA METALS CORP.
F:A1S
|
$6.95 Million |
|
Nisun International Enterprise Development Group Co Ltd
NASDAQ:NISN
|
$6.96 Million |
|
COINSILIUM GROUP LTD
F:5CT
|
$6.94 Million |
|
Iconovo
ST:ICO
|
$6.94 Million |
|
M3-Brigade Acquisition V Corp. Warrant
NASDAQ:MBAVW
|
$6.94 Million |
|
FD Technologies Plc
LSE:FDP
|
$6.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Commerce Split Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 2,234,179 to 627,493, a change of -1,606,686 (-71.9%).
- Net loss of 1,029,543 reduced equity.
- Dividend payments of 577,143 reduced retained earnings.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.03 Million | -164.07% |
| Dividends Paid | CA$577.14K | -91.98% |
| Total Change | CA$- | -71.91% |
Book Value vs Market Value Analysis
This analysis compares 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: 15.29x
- 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 1.70x to 15.29x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-11-30 | CA$6.30 | CA$10.70 | x |
| 2008-11-30 | CA$-8.86 | CA$10.70 | x |
| 2009-11-30 | CA$-9.05 | CA$10.70 | x |
| 2010-11-30 | CA$0.06 | CA$10.70 | x |
| 2011-11-30 | CA$0.00 | CA$10.70 | x |
| 2012-11-30 | CA$0.23 | CA$10.70 | x |
| 2013-11-30 | CA$1.15 | CA$10.70 | x |
| 2014-11-30 | CA$2.78 | CA$10.70 | x |
| 2015-11-30 | CA$1.25 | CA$10.70 | x |
| 2016-11-30 | CA$1.58 | CA$10.70 | x |
| 2017-11-30 | CA$2.45 | CA$10.70 | x |
| 2018-11-30 | CA$1.39 | CA$10.70 | x |
| 2019-11-30 | CA$1.49 | CA$10.70 | x |
| 2020-11-30 | CA$1.77 | CA$10.70 | x |
| 2021-11-30 | CA$4.30 | CA$10.70 | x |
| 2022-11-30 | CA$2.49 | CA$10.70 | x |
| 2023-11-30 | CA$0.70 | CA$10.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Commerce Split Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -164.07%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: -0.09x
- • Equity Multiplier: 15.50x
- Recent ROE (-164.07%) is below the historical average (55.65%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -36.53% | 0.00% | -0.13x | 2.61x | CA$-25.40 Million |
| 2008 | 0.00% | 0.00% | -0.68x | 0.00x | CA$-45.67 Million |
| 2010 | 676.12% | 166.66% | 0.02x | 192.51x | CA$1.21 Million |
| 2011 | 0.00% | 82.40% | 0.05x | 0.00x | CA$1.21 Million |
| 2012 | 100.68% | 49.79% | 0.05x | 42.00x | CA$629.39K |
| 2013 | 120.21% | 92.40% | 0.13x | 10.17x | CA$3.52 Million |
| 2014 | 68.39% | 73.52% | 0.19x | 5.02x | CA$4.16 Million |
| 2015 | -51.85% | 0.00% | -0.04x | 9.07x | CA$-1.33 Million |
| 2016 | 64.02% | 86.94% | 0.10x | 7.16x | CA$1.46 Million |
| 2017 | 60.79% | 89.94% | 0.13x | 5.13x | CA$2.06 Million |
| 2018 | -26.29% | 0.00% | -0.02x | 8.15x | CA$-829.82K |
| 2019 | 50.56% | 88.46% | 0.07x | 7.80x | CA$977.74K |
| 2020 | -12.40% | -67.50% | 0.03x | 6.74x | CA$-354.72K |
| 2021 | 80.45% | 577.68% | 0.04x | 3.36x | CA$2.72 Million |
| 2022 | -39.59% | -102.65% | 0.08x | 5.11x | CA$-1.11 Million |
| 2023 | -164.07% | 0.00% | -0.09x | 15.50x | CA$-1.09 Million |
Industry Comparison
This section compares 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: $3,989,024,875
- Average return on equity (ROE) among peers: 8.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Commerce Split Corp (YCM) | CA$1.96 Million | -36.53% | 4.61x | $6.94 Million |
| Aberdeen International Inc. (AAB) | $25.89 Million | -37.52% | 0.12x | $3.49 Million |
| Base Carbon Inc. (BCBN) | $43.86 Million | -35.28% | 0.01x | $67.04 Million |
| Canadian Banc Corp (BK) | $97.56 Million | 25.22% | 0.73x | $525.03 Million |
| Brookfield Corporation (BN) | $29.19 Billion | 4.98% | 1.68x | $99.82 Billion |
| Sprott Physical Gold and Silver Trust (CEF) | $4.42 Billion | 22.79% | 0.00x | $9.12 Billion |
| Canadian General Investments Ltd (CGI) | $1.45 Billion | 21.20% | 0.14x | $767.51 Million |
| CI Financial Corp (CIX) | $1.91 Billion | 27.54% | 0.58x | $3.32 Billion |
| Clairvest Group Inc. (CVG) | $1.22 Billion | 4.30% | 0.17x | $752.38 Million |
| Cymbria Corporation (CYB) | $1.36 Billion | -5.91% | 0.05x | $987.87 Million |
| Dividend 15 Split Corp II (DF) | $172.83 Million | 55.20% | 1.48x | $151.03 Million |
About Commerce Split Corp
New Commerce Split Fund is an equity mutual fund launched and managed by Quadravest Capital Management Inc. The fund invests in the equity shares of Canadian Imperial Bank of Commerce. It was formerly known as Commerce Split Fund. New Commerce Split Fund was launched on November 27, 2006 and is domiciled in Canada.