Visionstate Corp (VIS) - Net Assets
Based on the latest financial reports, Visionstate Corp (VIS) has net assets worth CA$-397.32K CAD (≈ $-287.42K 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$270.34K ≈ $195.56K USD) and total liabilities (CA$667.66K ≈ $482.98K USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check VIS tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-397.32K |
| % of Total Assets | -146.97% |
| Annual Growth Rate | N/A |
| 5-Year Change | -147.88% |
| 10-Year Change | N/A |
| Growth Volatility | 343.18 |
Visionstate Corp - Net Assets Trend (2001–2025)
This chart illustrates how Visionstate Corp's net assets have evolved over time, based on quarterly financial data. See how many days can Visionstate Corp fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Visionstate Corp (2001–2025)
The table below shows the annual net assets of Visionstate Corp from 2001 to 2025. For live valuation and market cap data, see VIS market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | CA$-313.62K ≈ $-226.87K |
-201.52% |
| 2024-09-30 | CA$308.94K ≈ $223.48K |
+221.32% |
| 2023-09-30 | CA$-254.65K ≈ $-184.21K |
-199.23% |
| 2022-09-30 | CA$256.62K ≈ $185.64K |
-60.82% |
| 2021-09-30 | CA$655.03K ≈ $473.84K |
+161.03% |
| 2020-09-30 | CA$-1.07 Million ≈ $-776.46K |
-46.99% |
| 2019-09-30 | CA$-730.23K ≈ $-528.24K |
-193.76% |
| 2018-09-30 | CA$-248.58K ≈ $-179.82K |
+76.66% |
| 2017-09-30 | CA$-1.07 Million ≈ $-770.59K |
-45.64% |
| 2016-09-30 | CA$-731.41K ≈ $-529.09K |
-577.97% |
| 2016-07-31 | CA$153.02K ≈ $110.69K |
+124.01% |
| 2015-09-30 | CA$-637.38K ≈ $-461.07K |
-301.10% |
| 2015-07-31 | CA$316.95K ≈ $229.27K |
+183.17% |
| 2014-09-30 | CA$-381.06K ≈ $-275.65K |
-382.89% |
| 2014-07-31 | CA$134.70K ≈ $97.44K |
+120.16% |
| 2013-09-30 | CA$-668.17K ≈ $-483.34K |
-11599.63% |
| 2013-07-31 | CA$-5.71K ≈ $-4.13K |
+99.08% |
| 2012-09-30 | CA$-619.21K ≈ $-447.92K |
+19.59% |
| 2011-09-30 | CA$-770.04K ≈ $-557.03K |
-43.00% |
| 2010-09-30 | CA$-538.49K ≈ $-389.54K |
-122.72% |
| 2009-09-30 | CA$-241.79K ≈ $-174.90K |
-1253.72% |
| 2008-09-30 | CA$20.96K ≈ $15.16K |
-93.42% |
| 2007-09-30 | CA$318.62K ≈ $230.49K |
-17.70% |
| 2006-09-30 | CA$387.16K ≈ $280.07K |
+303.05% |
| 2005-09-30 | CA$-190.67K ≈ $-137.93K |
+36.44% |
| 2004-09-30 | CA$-299.99K ≈ $-217.01K |
+45.35% |
| 2003-09-30 | CA$-548.91K ≈ $-397.08K |
-82.06% |
| 2002-09-30 | CA$-301.50K ≈ $-218.10K |
-381.29% |
| 2001-09-30 | CA$107.19K ≈ $77.54K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Visionstate 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 decreased by 1603156600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$17.37 Million | % |
| Total Equity | CA$-313.62K | 100.00% |
Visionstate Corp Competitors by Market Cap
The table below lists competitors of Visionstate Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Real Messenger Corporation Ordinary Shares
NASDAQ:RMSG
|
$2.81 Million |
|
G-Tec Jainx Education Limited
NSE:GTECJAINX
|
$2.81 Million |
|
Goenka Diamond and Jewels Limited
NSE:GOENKA
|
$2.81 Million |
|
JPmorgan US Smaller Companies Investment Trust PLC
LSE:JUSC
|
$2.82 Million |
|
ASA International Group PLC
LSE:ASAI
|
$2.80 Million |
|
MODERN LAND (CHINA) DL-01
F:7PJ
|
$2.79 Million |
|
CBLT Inc
V:CBLT
|
$2.79 Million |
|
The Payments Group Holding GmbH & Co KGaA
XETRA:PGH
|
$2.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Visionstate Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 308,943 to -313,625, a change of -622,568 (-201.5%).
- Net loss of 1,077,568 reduced equity.
- New share issuances of 375,000 increased equity.
- Other factors increased equity by 80,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.08 Million | -343.58% |
| Share Issuances | CA$375.00K | +119.57% |
| Other Changes | CA$80.00K | +25.51% |
| Total Change | CA$- | -201.52% |
Book Value vs Market Value Analysis
This analysis compares Visionstate 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-09-30 | CA$0.42 | CA$0.02 | x |
| 2002-09-30 | CA$-1.19 | CA$0.02 | x |
| 2003-09-30 | CA$-2.07 | CA$0.02 | x |
| 2004-09-30 | CA$-0.59 | CA$0.02 | x |
| 2005-09-30 | CA$-0.25 | CA$0.02 | x |
| 2006-09-30 | CA$0.34 | CA$0.02 | x |
| 2007-09-30 | CA$0.23 | CA$0.02 | x |
| 2008-09-30 | CA$0.01 | CA$0.02 | x |
| 2009-09-30 | CA$-0.16 | CA$0.02 | x |
| 2010-09-30 | CA$-0.35 | CA$0.02 | x |
| 2011-09-30 | CA$-0.47 | CA$0.02 | x |
| 2012-09-30 | CA$-0.36 | CA$0.02 | x |
| 2013-09-30 | CA$-0.27 | CA$0.02 | x |
| 2014-09-30 | CA$-0.13 | CA$0.02 | x |
| 2015-09-30 | CA$-0.11 | CA$0.02 | x |
| 2016-09-30 | CA$-0.09 | CA$0.02 | x |
| 2017-09-30 | CA$-0.06 | CA$0.02 | x |
| 2018-09-30 | CA$-0.01 | CA$0.02 | x |
| 2019-09-30 | CA$-0.02 | CA$0.02 | x |
| 2020-09-30 | CA$-0.02 | CA$0.02 | x |
| 2021-09-30 | CA$0.01 | CA$0.02 | x |
| 2022-09-30 | CA$0.00 | CA$0.02 | x |
| 2023-09-30 | CA$0.00 | CA$0.02 | x |
| 2024-09-30 | CA$0.00 | CA$0.02 | x |
| 2025-09-30 | CA$0.00 | CA$0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Visionstate Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -248.81%
- • Asset Turnover: 2.26x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-161.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -564.49% | -181.31% | 0.97x | 3.22x | CA$-615.77K |
| 2002 | 0.00% | -209.37% | 0.94x | 0.00x | CA$-378.53K |
| 2003 | 0.00% | -204.49% | 1.14x | 0.00x | CA$-237.77K |
| 2004 | 0.00% | -474.60% | 0.80x | 0.00x | CA$-284.75K |
| 2005 | 0.00% | -2363.76% | 0.10x | 0.00x | CA$-314.67K |
| 2006 | -169.85% | -1334.01% | 0.09x | 1.49x | CA$-696.29K |
| 2007 | -306.84% | -232.05% | 0.71x | 1.88x | CA$-1.01 Million |
| 2008 | -2623.14% | -107.97% | 1.20x | 20.23x | CA$-551.83K |
| 2009 | 0.00% | -69.62% | 1.20x | 0.00x | CA$-279.15K |
| 2010 | 0.00% | -170.16% | 1.46x | 0.00x | CA$-251.96K |
| 2011 | 0.00% | -141.31% | 2.62x | 0.00x | CA$-401.21K |
| 2012 | 0.00% | -110.47% | 2.46x | 0.00x | CA$-323.77K |
| 2013 | 0.00% | -62.46% | 2.92x | 0.00x | CA$-197.20K |
| 2014 | 0.00% | -154.55% | 1.25x | 0.00x | CA$-530.87K |
| 2015 | 0.00% | -14492.99% | 0.00x | 0.00x | CA$-116.54K |
| 2015 | 0.00% | -535.08% | 1.23x | 0.00x | CA$-1.09 Million |
| 2016 | 0.00% | -49227.30% | 0.00x | 0.00x | CA$-217.21K |
| 2016 | 0.00% | -111.15% | 1.35x | 0.00x | CA$-255.92K |
| 2017 | 0.00% | -466.84% | 6.57x | 0.00x | CA$-707.95K |
| 2018 | 0.00% | -380.16% | 0.44x | 0.00x | CA$-737.30K |
| 2019 | 0.00% | -837.85% | 0.42x | 0.00x | CA$-880.23K |
| 2020 | 0.00% | -555.28% | 0.45x | 0.00x | CA$-615.33K |
| 2021 | -158.63% | -192.19% | 0.36x | 2.27x | CA$-1.10 Million |
| 2022 | -242.04% | -151.30% | 0.42x | 3.81x | CA$-646.79K |
| 2023 | 0.00% | -597.31% | 0.75x | 0.00x | CA$-1.70 Million |
| 2024 | -302.05% | -189.52% | 0.60x | 2.67x | CA$-964.05K |
| 2025 | 0.00% | -248.81% | 2.26x | 0.00x | CA$-1.05 Million |
Industry Comparison
This section compares Visionstate Corp's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $934,310,915
- Average return on equity (ROE) among peers: 66.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Visionstate Corp (VIS) | CA$-397.32K | -564.49% | N/A | $2.80 Million |
| Alithya Group inc Class A (ALYA) | $32.03 Million | -22.56% | 2.62x | $63.40 Million |
| Banxa Holdings Inc (BNXA) | $-2.21 Million | 0.00% | 0.00x | $50.95 Million |
| Datametrex AI Ltd (DM) | $32.49 Million | 27.98% | 0.31x | $4.97 Million |
| Deveron UAS Corp (FARM) | $16.31 Million | -31.74% | 0.40x | $6.01 Million |
| CGI Inc (GIB-A) | $8.31 Billion | 19.63% | 0.90x | $11.62 Billion |
| Kontrol Energy Corp (KNR) | $2.79 Million | 779.96% | 7.15x | $2.53 Million |
| Mobi724 Global Solutions Inc (MOS) | $1.49 Million | -143.44% | 3.97x | $2.40 Million |
| Pivotree Inc (PVT) | $15.00 Million | -19.33% | 1.94x | $27.12 Million |
| Goldspot Discoveries Corp (SPOT) | $610.96K | -14.20% | 0.05x | $31.64 Million |
About Visionstate Corp
Visionstate Corp., through its subsidiaries, engages in the research and development of technology in the realm of the Internet of Things, big data and analytics, and sustainability in Canada and the United States. The company provides interactive electronic business solutions in the form of touchscreen and mobile wayfinding and efficiency applications, as well as consulting, graphic, and web des… Read more