Kadestone Capital Corp (KDSX) - Net Assets
Based on the latest financial reports, Kadestone Capital Corp (KDSX) has net assets worth CA$2.63 Million CAD (≈ $1.91 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$14.75 Million ≈ $10.67 Million USD) and total liabilities (CA$12.11 Million ≈ $8.76 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 tangible equity quality of Kadestone Capital Corp to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$2.63 Million |
| % of Total Assets | 17.86% |
| Annual Growth Rate | 19.93% |
| 5-Year Change | -61.24% |
| 10-Year Change | N/A |
| Growth Volatility | 224.42 |
Kadestone Capital Corp - Net Assets Trend (2019–2024)
This chart illustrates how Kadestone Capital Corp's net assets have evolved over time, based on quarterly financial data. See KDSX defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Kadestone Capital Corp (2019–2024)
The table below shows the annual net assets of Kadestone Capital Corp from 2019 to 2024. For live valuation and market cap data, see Kadestone Capital Corp (KDSX) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$6.02 Million ≈ $4.36 Million |
-41.38% |
| 2023-12-31 | CA$10.27 Million ≈ $7.43 Million |
-8.42% |
| 2022-12-31 | CA$11.22 Million ≈ $8.11 Million |
-20.35% |
| 2021-12-31 | CA$14.08 Million ≈ $10.19 Million |
-9.37% |
| 2020-12-31 | CA$15.54 Million ≈ $11.24 Million |
+540.39% |
| 2019-12-31 | CA$2.43 Million ≈ $1.76 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Kadestone Capital 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 49628400.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$6.02 Million | 100.00% |
| Total Equity | CA$6.02 Million | 100.00% |
Kadestone Capital Corp Competitors by Market Cap
The table below lists competitors of Kadestone Capital Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Techcential International Ltd
TWO:6616
|
$10.86 Million |
|
S F Capital Bhd
KLSE:8745
|
$10.87 Million |
|
BARRAMUNDI GROUP PTE. LTD
F:95Z
|
$10.87 Million |
|
Metals Australia Ltd
AU:MLS
|
$10.87 Million |
|
VOGO SA
PA:ALVGO
|
$10.86 Million |
|
Jet Freight Logistics Limited
NSE:JETFREIGHT
|
$10.85 Million |
|
KDA Group Inc
V:KDA
|
$10.85 Million |
|
Rewardle Holdings Ltd
AU:RXH
|
$10.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kadestone Capital Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,273,066 to 6,022,504, a change of -4,250,562 (-41.4%).
- Net loss of 4,646,507 reduced equity.
- Other factors increased equity by 395,945.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-4.65 Million | -77.15% |
| Other Changes | CA$395.94K | +6.57% |
| Total Change | CA$- | -41.38% |
Book Value vs Market Value Analysis
This analysis compares Kadestone Capital 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: 2.49x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.13x to 2.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CA$0.05 | CA$0.32 | x |
| 2020-12-31 | CA$0.33 | CA$0.32 | x |
| 2021-12-31 | CA$0.30 | CA$0.32 | x |
| 2022-12-31 | CA$0.24 | CA$0.32 | x |
| 2023-12-31 | CA$0.22 | CA$0.32 | x |
| 2024-12-31 | CA$0.13 | CA$0.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kadestone Capital Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -77.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 3.05x
- Recent ROE (-77.15%) is below the historical average (-34.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -16.32% | -18379.42% | 0.00x | 1.33x | CA$-4.09 Million |
| 2021 | -20.49% | -1369.02% | 0.01x | 1.64x | CA$-4.29 Million |
| 2022 | -40.63% | 0.00% | 0.00x | 2.46x | CA$-5.68 Million |
| 2023 | -16.59% | 0.00% | 0.00x | 2.68x | CA$-2.73 Million |
| 2024 | -77.15% | 0.00% | 0.00x | 3.05x | CA$-5.25 Million |
Industry Comparison
This section compares Kadestone Capital Corp's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $464,280,000
- Average return on equity (ROE) among peers: 9.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kadestone Capital Corp (KDSX) | CA$2.63 Million | -16.32% | 4.60x | $10.86 Million |
| Dream Unlimited Corp (DRM) | $1.12 Billion | 17.06% | 1.46x | $579.96 Million |
| Genesis Land Development Corp. (GDC) | $199.76 Million | -0.10% | 0.33x | $134.36 Million |
| Melcor Developments Ltd. (MRD) | $73.50 Million | 11.56% | 0.74x | $400.77 Million |
About Kadestone Capital Corp
Kadestone Capital Corp. operates as a real estate investment and development company in Canada. The company engages in the acquisition, development, and management of residential and commercial properties. Kadestone Capital Corp. was incorporated in 2019 and is based in Vancouver, Canada.