Gatos Silver Inc
Gatos Silver, Inc. engages in the exploration, development, and production of precious metals. It primarily explores for silver deposits. The company also explores for zinc, lead, copper, and gold ores. Its flagship asset is the Los Gatos District, including the Cerro Los Gatos mine in Chihuahua, Mexico. The company was formerly known as Sunshine Silver Mining & Refining Corporation and changed i… Read more
Gatos Silver Inc (GATO) - Net Assets
Latest net assets as of September 2024: $391.85 Million USD
Based on the latest financial reports, Gatos Silver Inc (GATO) has net assets worth $391.85 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($404.26 Million) and total liabilities ($12.41 Million). 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 | $391.85 Million |
| % of Total Assets | 96.93% |
| Annual Growth Rate | 46.09% |
| 5-Year Change | 146.03% |
| 10-Year Change | N/A |
| Growth Volatility | 1945.35 |
Gatos Silver Inc - Net Assets Trend (2010–2023)
This chart illustrates how Gatos Silver 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 Gatos Silver Inc (2010–2023)
The table below shows the annual net assets of Gatos Silver Inc from 2010 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $367.55 Million | +4.10% |
| 2022-12-31 | $353.08 Million | 0.00% |
| 2021-12-31 | $353.08 Million | +35.08% |
| 2020-12-31 | $261.39 Million | +74.97% |
| 2019-12-31 | $149.39 Million | +4.43% |
| 2018-12-31 | $143.05 Million | +35.97% |
| 2012-12-31 | $105.21 Million | -34.14% |
| 2011-12-31 | $159.75 Million | +5898.69% |
| 2010-12-31 | $2.66 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gatos Silver 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 14563200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $117.00K | 0.03% |
| Other Components | $553.32 Million | 150.54% |
| Total Equity | $367.55 Million | 100.00% |
Gatos Silver Inc Competitors by Market Cap
The table below lists competitors of Gatos Silver Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Credit Corp Group Limited
OTCQX:CCGFF
|
$671.93 Million |
|
ODFJF
OTCGREY:ODFJF
|
$672.14 Million |
|
TRUSTCO BK CORP. DL 1
F:TC50
|
$672.21 Million |
|
Yangtze Optical Electronic Co. Ltd. A
SHG:688143
|
$672.55 Million |
|
Össur hf
PINK:OSSFF
|
$671.64 Million |
|
NCC Limited
NSE:NCC
|
$671.63 Million |
|
IReader Technology Co Ltd
SHG:603533
|
$671.53 Million |
|
Hangzhou Sunrise Technology Co Ltd
SHE:300360
|
$671.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gatos Silver Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 353,085,000 to 367,547,000, a change of 14,462,000 (4.1%).
- Net income of 12,860,000 contributed positively to equity growth.
- Dividend payments of 85,000,000 reduced retained earnings.
- Other factors increased equity by 86,602,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $12.86 Million | +3.5% |
| Dividends Paid | $85.00 Million | -23.13% |
| Other Changes | $86.60 Million | +23.56% |
| Total Change | $- | 4.10% |
Book Value vs Market Value Analysis
This analysis compares Gatos Silver 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: 2.72x
- 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 303.42x to 2.72x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | $0.05 | $14.40 | x |
| 2011-12-31 | $2.85 | $14.40 | x |
| 2012-12-31 | $1.87 | $14.40 | x |
| 2018-12-31 | $2.61 | $14.40 | x |
| 2019-12-31 | $3.70 | $14.40 | x |
| 2020-12-31 | $4.42 | $14.40 | x |
| 2021-12-31 | $5.11 | $14.40 | x |
| 2022-12-31 | $5.52 | $14.40 | x |
| 2023-12-31 | $5.29 | $14.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gatos Silver 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): 3.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.17%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.09x
- Recent ROE (3.50%) is above the historical average (-117.18%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | -921.44% | 0.00% | 0.00x | 13.55x | $-24.80 Million |
| 2011 | -26.12% | 0.00% | 0.00x | 1.04x | $-57.69 Million |
| 2012 | -56.63% | 0.00% | 0.00x | 1.04x | $-70.10 Million |
| 2018 | -8.15% | 0.00% | 0.00x | 1.02x | $-25.97 Million |
| 2019 | -27.31% | 0.00% | 0.00x | 1.03x | $-55.75 Million |
| 2020 | -10.30% | 0.00% | -0.02x | 1.02x | $-53.07 Million |
| 2021 | -12.30% | 0.00% | 0.00x | 1.04x | $-78.75 Million |
| 2022 | 4.11% | 4.66% | 0.85x | 1.04x | $-20.78 Million |
| 2023 | 3.50% | 8.17% | 0.39x | 1.09x | $-23.89 Million |
Industry Comparison
This section compares Gatos Silver Inc's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $9,705,177,506
- Average return on equity (ROE) among peers: -74.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gatos Silver Inc (GATO) | $391.85 Million | -921.44% | 0.03x | $671.84 Million |
| AbraSilver Resource Corp (ABBRF) | $3.05 Million | -108.70% | 0.31x | $280.10 Million |
| American Copper Development Corporation (ACDXF) | $-331.64K | 0.00% | 0.00x | $1.96 Million |
| American Creek Resources Ltd (ACKRF) | $2.36 Million | -67.11% | 0.29x | $23.79 Million |
| American Clean Resources Group Inc. (ACRG) | $23.29 Million | -69.73% | 0.66x | $9.52 Million |
| Adyton Resources Corporation (ADYRF) | $14.98 Million | 5.60% | 0.05x | $26.44 Million |
| Austral Gold Limited (AGLDF) | $542.56K | -504.60% | 1.47x | $4.83 Million |
| Anglo American Platinum Limited (AGPPF) | $96.96 Billion | 50.69% | 0.82x | $8.40 Billion |
| Athena Gold Corp (AHNR) | $4.96 Million | -13.77% | 0.26x | $779.22K |
| Alaska Energy Metals Corporation (AKEMF) | $26.15 Million | -33.81% | 0.05x | $14.55 Million |
| ALXPF (ALXPF) | $14.77 Million | -5.14% | 0.08x | $24.72 Million |