Freeman Gold Corp
Freeman Gold Corp. explores and evaluates mineral properties in Canada. Its flagship property is the Lemhi Gold Property that consists of 10 patented mining claims, 1 patented mill site claim, and 333 unpatented mining claims covering an area of approximately 6,739 acres of mineral rights and 615 acres of surface rights located in Lemhi County, Idaho. The company is based in Vancouver, Canada.
Freeman Gold Corp (FMANF) - Net Assets
Latest net assets as of May 2025: $29.66 Million USD
Based on the latest financial reports, Freeman Gold Corp (FMANF) has net assets worth $29.66 Million USD as of May 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($31.06 Million) and total liabilities ($1.40 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 | $29.66 Million |
| % of Total Assets | 95.48% |
| Annual Growth Rate | 168.05% |
| 5-Year Change | 129.43% |
| 10-Year Change | N/A |
| Growth Volatility | 1482.16 |
Freeman Gold Corp - Net Assets Trend (2018–2024)
This chart illustrates how Freeman Gold Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Freeman Gold Corp (2018–2024)
The table below shows the annual net assets of Freeman Gold Corp from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-11-30 | $30.44 Million | +13.15% |
| 2023-11-30 | $26.90 Million | -4.34% |
| 2022-11-30 | $28.12 Million | +7.86% |
| 2021-11-30 | $26.08 Million | +96.52% |
| 2020-11-30 | $13.27 Million | +4048.49% |
| 2019-11-30 | $319.84K | +290.22% |
| 2018-11-30 | $81.96K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Freeman Gold 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 1199999100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $42.47 Million | 139.51% |
| Total Equity | $30.44 Million | 100.00% |
Freeman Gold Corp Competitors by Market Cap
The table below lists competitors of Freeman Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SKAKO A/S
CO:SKAKO
|
$10.56 Million |
|
Reyna Silver Corp
OTCQB:RSNVF
|
$10.57 Million |
|
Apollomics Inc. Class A Ordinary Shares
NASDAQ:APLM
|
$10.57 Million |
|
NORTHERN FREEGOLD
F:8N6
|
$10.57 Million |
|
Hankukpackage Co. Ltd
KQ:037230
|
$10.56 Million |
|
Future Enterprises Limited
NSE:FELDVR
|
$10.55 Million |
|
Thunder Mountain Gold Inc
OTCQB:THMG
|
$10.55 Million |
|
Tower Resources Ltd
PINK:TWRFF
|
$10.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Freeman Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 26,904,904 to 30,441,766, a change of 3,536,862 (13.1%).
- Net loss of 32,242 reduced equity.
- New share issuances of 3,600,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-32.24K | -0.11% |
| Share Issuances | $3.60 Million | +11.83% |
| Other Changes | $-30.90K | -0.1% |
| Total Change | $- | 13.15% |
Book Value vs Market Value Analysis
This analysis compares Freeman Gold 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: 0.37x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 5.25x to 0.37x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-11-30 | $0.01 | $0.06 | x |
| 2019-11-30 | $0.04 | $0.06 | x |
| 2020-11-30 | $0.16 | $0.06 | x |
| 2021-11-30 | $0.32 | $0.06 | x |
| 2022-11-30 | $0.21 | $0.06 | x |
| 2023-11-30 | $0.20 | $0.06 | x |
| 2024-11-30 | $0.16 | $0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Freeman Gold 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): -0.11%
- 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: 1.02x
- Recent ROE (-0.11%) is above the historical average (-23.06%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -36.44% | 0.00% | 0.00x | 2.10x | $-148.54K |
| 2020 | -84.78% | 0.00% | 0.00x | 1.07x | $-12.58 Million |
| 2021 | -13.38% | 0.00% | 0.00x | 1.20x | $-6.10 Million |
| 2022 | 2.58% | 0.00% | 0.00x | 1.07x | $-2.09 Million |
| 2023 | -6.21% | 0.00% | 0.00x | 1.05x | $-4.36 Million |
| 2024 | -0.11% | 0.00% | 0.00x | 1.02x | $-3.08 Million |
Industry Comparison
This section compares Freeman Gold Corp'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 |
|---|---|---|---|---|
| Freeman Gold Corp (FMANF) | $29.66 Million | -36.44% | 0.05x | $10.56 Million |
| 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 |