Smartset Services Inc
Smartset Services Inc. does not have significant operations. It intends to identify and evaluate assets or businesses with a view to complete a qualifying transaction. The company was incorporated in 2013 and is headquartered in Vancouver, Canada.
Smartset Services Inc (SMAR-P) - Net Assets
Latest net assets as of December 2025: CA$324.19K CAD
Based on the latest financial reports, Smartset Services Inc (SMAR-P) has net assets worth CA$324.19K CAD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$324.96K) and total liabilities (CA$765.00). 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$324.19K |
| % of Total Assets | 99.76% |
| Annual Growth Rate | 3.07% |
| 5-Year Change | -49.49% |
| 10-Year Change | N/A |
| Growth Volatility | 48.85 |
Smartset Services Inc - Net Assets Trend (2018–2025)
This chart illustrates how Smartset Services Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Smartset Services Inc (2018–2025)
The table below shows the annual net assets of Smartset Services Inc from 2018 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | CA$337.41K | +24.55% |
| 2024-03-31 | CA$270.90K | +59.05% |
| 2023-03-31 | CA$170.32K | -73.83% |
| 2022-03-31 | CA$650.84K | -2.58% |
| 2021-03-31 | CA$668.05K | +90.48% |
| 2020-03-31 | CA$350.72K | -5.45% |
| 2019-03-31 | CA$370.92K | +35.85% |
| 2018-03-31 | CA$273.03K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Smartset Services Inc'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 decreased by 90246000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$1.27 Million | 375.46% |
| Total Equity | CA$337.41K | 100.00% |
Smartset Services Inc Competitors by Market Cap
The table below lists competitors of Smartset Services Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Murchison Minerals Ltd
PINK:MURMF
|
$84.55K |
|
AFC AJAX - Dusseldorf Stock Exchang
DU:AJXA
|
$84.58K |
|
ZWIPE AS NK -10
F:4ZW
|
$84.59K |
|
Stellus Capital Investment
NYSE:SCM
|
$84.65K |
|
Kyobo Securities Co. Ltd.
KQ:030610
|
$84.52K |
|
AusQuest Limited
OTCGREY:AUQSF
|
$84.49K |
|
Frozen Way S.A.
WAR:FRW
|
$84.46K |
|
Hwashin Co. Ltd.
KQ:010690
|
$84.44K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Smartset Services Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 270,900 to 337,412, a change of 66,512 (24.6%).
- Net income of 66,512 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$66.51K | +19.71% |
| Total Change | CA$- | 24.55% |
Book Value vs Market Value Analysis
This analysis compares Smartset Services Inc'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: 1.64x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.77x to 1.64x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-03-31 | CA$0.05 | CA$0.04 | x |
| 2019-03-31 | CA$0.05 | CA$0.04 | x |
| 2020-03-31 | CA$0.04 | CA$0.04 | x |
| 2021-03-31 | CA$0.06 | CA$0.04 | x |
| 2022-03-31 | CA$0.04 | CA$0.04 | x |
| 2023-03-31 | CA$0.01 | CA$0.04 | x |
| 2024-03-31 | CA$0.02 | CA$0.04 | x |
| 2025-03-31 | CA$0.02 | CA$0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Smartset Services Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 19.71%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.00x
- Recent ROE (19.71%) is above the historical average (-43.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -9.68% | 0.00% | 0.00x | 1.12x | CA$-53.72K |
| 2019 | -23.71% | 0.00% | 0.00x | 1.01x | CA$-125.03K |
| 2020 | -5.76% | 0.00% | 0.00x | 1.00x | CA$-55.28K |
| 2021 | -10.64% | 0.00% | 0.00x | 1.09x | CA$-137.86K |
| 2022 | -56.42% | 0.00% | 0.00x | 1.08x | CA$-432.30K |
| 2023 | -282.13% | 0.00% | 0.00x | 1.15x | CA$-497.55K |
| 2024 | 21.39% | 0.00% | 0.00x | 1.00x | CA$30.86K |
| 2025 | 19.71% | 0.00% | 0.00x | 1.00x | CA$32.77K |
Industry Comparison
This section compares Smartset Services Inc's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $320,719
- Average return on equity (ROE) among peers: -15.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Smartset Services Inc (SMAR-P) | CA$324.19K | -9.68% | 0.00x | $84.55K |
| First Tidal Acquisition Corp. (AAA-P) | $271.64K | -12.76% | 0.07x | $106.95K |
| AAJ Capital 3 Corp. (AAAJ-P) | $176.31K | -28.45% | 0.14x | $50.13K |
| AD4 Capital Corp. (ADJ-P) | $498.36K | 0.00% | 0.06x | $10.44K |
| AF2 Capital Corp (AF-P) | $125.52K | -22.68% | 0.19x | $45.26K |
| AIM5 Ventures Inc (AIME-P) | $236.65K | -15.61% | 0.12x | $151.51K |
| Apolo IV Acquisition Corp (AIV-P) | $1.13 Million | -19.92% | 0.03x | $33.42K |
| A-Labs Capital II Corp (ALAB-P) | $166.02K | -34.30% | 0.10x | $38.61K |
| Albatros Acquisition Corporation Inc. (ALBT-P) | $155.00K | 0.00% | 0.13x | $13.43K |
| Altina Capital Corp (ALTN-P) | $-3.34K | 0.00% | 0.00x | $65.59K |
| AMG Acquisition Corp (AMG-P) | $454.39K | -24.61% | 0.02x | $54.31K |