Seabridge Gold Inc.
Seabridge Gold Inc., together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. It explores for gold, copper, silver, and molybdenum deposits. The company was formerly known as Seabridge Resources Inc. and changed its name to Seabridge Gold Inc. in June 2002. Seabridge Gold Inc. was incorporated in 1979 and is based in Toronto, Canada.
Seabridge Gold Inc. (SA) - Net Assets
Latest net assets as of September 2025: $1.06 Billion USD
Based on the latest financial reports, Seabridge Gold Inc. (SA) has net assets worth $1.06 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.71 Billion) and total liabilities ($650.17 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 | $1.06 Billion |
| % of Total Assets | 61.91% |
| Annual Growth Rate | 26.71% |
| 5-Year Change | 37.14% |
| 10-Year Change | 198.96% |
| Growth Volatility | 48.59 |
Seabridge Gold Inc. - Net Assets Trend (2001–2024)
This chart illustrates how Seabridge Gold 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 Seabridge Gold Inc. (2001–2024)
The table below shows the annual net assets of Seabridge Gold Inc. from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $843.02 Million | +15.49% |
| 2023-12-31 | $729.92 Million | -1.43% |
| 2022-12-31 | $740.53 Million | +5.44% |
| 2021-12-31 | $702.33 Million | +14.25% |
| 2020-12-31 | $614.72 Million | +48.12% |
| 2019-12-31 | $415.02 Million | +7.36% |
| 2018-12-31 | $386.56 Million | +8.69% |
| 2017-12-31 | $355.64 Million | +14.22% |
| 2016-12-31 | $311.36 Million | +10.42% |
| 2015-12-31 | $281.98 Million | +8.52% |
| 2014-12-31 | $259.83 Million | +2.40% |
| 2013-12-31 | $253.75 Million | +2.10% |
| 2012-12-31 | $248.53 Million | +14.34% |
| 2011-12-31 | $217.36 Million | +25.68% |
| 2010-12-31 | $172.94 Million | +73.64% |
| 2009-12-31 | $99.60 Million | +0.50% |
| 2008-12-31 | $99.11 Million | +14.25% |
| 2007-12-31 | $86.75 Million | +46.34% |
| 2006-12-31 | $59.28 Million | +67.53% |
| 2005-12-31 | $35.38 Million | +37.67% |
| 2004-12-31 | $25.70 Million | +32.88% |
| 2003-12-31 | $19.34 Million | +58.01% |
| 2002-12-31 | $12.24 Million | +236.47% |
| 2001-12-31 | $3.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Seabridge Gold 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 20457898800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.05 Billion | 124.76% |
| Other Comprehensive Income | $-30.33 Million | -3.60% |
| Other Components | $39.48 Million | 4.68% |
| Total Equity | $843.02 Million | 100.00% |
Seabridge Gold Inc. Competitors by Market Cap
The table below lists competitors of Seabridge Gold Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Glanbia plc
PINK:GLAPF
|
$2.38 Billion |
|
Cofinimmo SA/NV
PINK:CFMOF
|
$2.38 Billion |
|
Xiamen Changelight
SHE:300102
|
$2.38 Billion |
|
Valiant Holding AG
SW:VATN
|
$2.38 Billion |
|
Towne Bank
NASDAQ:TOWN
|
$2.38 Billion |
|
PHINIA Inc.
NYSE:PHIN
|
$2.38 Billion |
|
JTC PLC LS-01
F:2N9
|
$2.37 Billion |
|
Tenable Holdings Inc
NASDAQ:TENB
|
$2.37 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Seabridge Gold Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 729,923,000 to 843,018,000, a change of 113,095,000 (15.5%).
- Net loss of 31,247,000 reduced equity.
- Share repurchases of 101,904,000 reduced equity.
- New share issuances of 101,018,000 increased equity.
- Other comprehensive income increased equity by 27,194,999.
- Other factors increased equity by 118,033,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-31.25 Million | -3.71% |
| Share Repurchases | $101.90 Million | -12.09% |
| Share Issuances | $101.02 Million | +11.98% |
| Other Comprehensive Income | $27.19 Million | +3.23% |
| Other Changes | $118.03 Million | +14.0% |
| Total Change | $- | 15.49% |
Book Value vs Market Value Analysis
This analysis compares Seabridge Gold 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: 3.25x
- 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 decreased from 106.85x to 3.25x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $0.29 | $30.85 | x |
| 2002-12-31 | $0.74 | $30.85 | x |
| 2003-12-31 | $0.73 | $30.85 | x |
| 2004-12-31 | $0.89 | $30.85 | x |
| 2005-12-31 | $1.15 | $30.85 | x |
| 2006-12-31 | $1.77 | $30.85 | x |
| 2007-12-31 | $2.41 | $30.85 | x |
| 2008-12-31 | $2.62 | $30.85 | x |
| 2009-12-31 | $2.66 | $30.85 | x |
| 2010-12-31 | $4.31 | $30.85 | x |
| 2011-12-31 | $5.18 | $30.85 | x |
| 2012-12-31 | $5.70 | $30.85 | x |
| 2013-12-31 | $5.56 | $30.85 | x |
| 2014-12-31 | $5.45 | $30.85 | x |
| 2015-12-31 | $5.66 | $30.85 | x |
| 2016-12-31 | $5.84 | $30.85 | x |
| 2017-12-31 | $6.30 | $30.85 | x |
| 2018-12-31 | $6.54 | $30.85 | x |
| 2019-12-31 | $6.66 | $30.85 | x |
| 2020-12-31 | $9.26 | $30.85 | x |
| 2021-12-31 | $9.05 | $30.85 | x |
| 2022-12-31 | $9.25 | $30.85 | x |
| 2023-12-31 | $8.79 | $30.85 | x |
| 2024-12-31 | $9.50 | $30.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Seabridge Gold 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): -3.71%
- 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: 1.72x
- Recent ROE (-3.71%) is below the historical average (-3.69%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -4.23% | 0.00% | 0.00x | 1.84x | $-517.80K |
| 2002 | -13.52% | 0.00% | 0.00x | 1.17x | $-2.84 Million |
| 2003 | -6.99% | 0.00% | 0.00x | 1.19x | $-3.25 Million |
| 2004 | -4.77% | 0.00% | 0.00x | 1.06x | $-3.80 Million |
| 2005 | -3.27% | 0.00% | 0.00x | 1.05x | $-4.70 Million |
| 2006 | -5.57% | 0.00% | 0.00x | 1.03x | $-9.23 Million |
| 2007 | -6.39% | 0.00% | 0.00x | 1.04x | $-14.22 Million |
| 2008 | 10.38% | 0.00% | 0.00x | 1.11x | $379.24K |
| 2009 | -4.70% | 0.00% | 0.00x | 1.04x | $-14.64 Million |
| 2010 | 2.05% | 0.00% | 0.00x | 1.03x | $-13.75 Million |
| 2011 | -9.25% | 0.00% | 0.00x | 1.05x | $-41.83 Million |
| 2012 | -5.03% | 0.00% | 0.00x | 1.06x | $-37.36 Million |
| 2013 | -5.38% | 0.00% | 0.00x | 1.07x | $-39.02 Million |
| 2014 | -5.01% | 0.00% | 0.00x | 1.07x | $-39.01 Million |
| 2015 | -3.22% | 0.00% | 0.00x | 1.07x | $-37.26 Million |
| 2016 | -2.34% | 0.00% | 0.00x | 1.09x | $-38.42 Million |
| 2017 | -2.89% | 0.00% | 0.00x | 1.08x | $-45.85 Million |
| 2018 | -5.16% | 0.00% | 0.00x | 1.10x | $-58.60 Million |
| 2019 | -2.16% | 0.00% | 0.00x | 1.08x | $-50.46 Million |
| 2020 | -2.43% | 0.00% | 0.00x | 1.05x | $-76.41 Million |
| 2021 | 0.13% | 0.00% | 0.00x | 1.06x | $-69.34 Million |
| 2022 | -1.00% | 0.00% | 0.00x | 1.48x | $-81.45 Million |
| 2023 | -4.01% | 0.00% | 0.00x | 1.85x | $-102.26 Million |
| 2024 | -3.71% | 0.00% | 0.00x | 1.72x | $-115.55 Million |
Industry Comparison
This section compares Seabridge Gold Inc.'s net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $1,956,755,866
- Average return on equity (ROE) among peers: -68.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Seabridge Gold Inc. (SA) | $1.06 Billion | -4.23% | 0.62x | $2.38 Billion |
| Almadex Minerals Ltd (AAMMF) | $14.43 Million | -15.31% | 0.02x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $14.72 Million | -5.86% | 0.05x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $542.08K | -7.78% | 0.16x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $925.43K | -59.62% | 0.09x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $206.54K | -11.57% | 1.00x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $19.42 Billion | 10.18% | 0.48x | $105.00 Billion |
| Affinity Gold Corp (AFYG) | $241.37K | -497.12% | 0.10x | $4.68K |
| Andes Gold Corp (AGCZ) | $648.20K | -54.33% | 0.04x | $0.95 |
| Antioquia Gold Inc (AGDXF) | $1.57 Million | -38.90% | 0.28x | $1.44 Million |