Fortune Bay Corp
Fortune Bay Corp. engages in the acquisition, exploration, and development of mineral properties in Canada and Mexico. It primarily explores for gold and uranium deposits. The company has an option agreement to acquire The Woods Uranium Projects located on the northern margin of the Athabasca Basin, Saskatchewan. Fortune Bay Corp. is headquartered in Halifax, Canada.
Fortune Bay Corp (FTBYF) - Net Assets
Latest net assets as of September 2025: $24.27 Million USD
Based on the latest financial reports, Fortune Bay Corp (FTBYF) has net assets worth $24.27 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($26.16 Million) and total liabilities ($1.89 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 | $24.27 Million |
| % of Total Assets | 92.77% |
| Annual Growth Rate | N/A |
| 5-Year Change | 22.04% |
| 10-Year Change | 46.82% |
| Growth Volatility | 15.55 |
Fortune Bay Corp - Net Assets Trend (2013–2024)
This chart illustrates how Fortune Bay 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 Fortune Bay Corp (2013–2024)
The table below shows the annual net assets of Fortune Bay Corp from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $21.96 Million | -2.53% |
| 2023-12-31 | $22.53 Million | -1.54% |
| 2022-12-31 | $22.88 Million | -3.65% |
| 2021-12-31 | $23.75 Million | +31.99% |
| 2020-12-31 | $18.00 Million | +24.34% |
| 2019-12-31 | $14.47 Million | -3.79% |
| 2018-12-31 | $15.04 Million | +1.61% |
| 2017-12-31 | $14.80 Million | -3.44% |
| 2016-12-31 | $15.33 Million | +2.50% |
| 2015-12-31 | $14.96 Million | -27.88% |
| 2014-12-31 | $20.74 Million | +1101751.35% |
| 2013-12-31 | $-1.88K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fortune Bay 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 grown by 258811300.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.59 Million | 11.78% |
| Other Components | $19.37 Million | 88.22% |
| Total Equity | $21.96 Million | 100.00% |
Fortune Bay Corp Competitors by Market Cap
The table below lists competitors of Fortune Bay Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ECSTELECOM Co. Ltd
KQ:067010
|
$13.51 Million |
|
FIREBIRD METALS LTD
F:7Y2
|
$13.51 Million |
|
Duc Thanh Wood Processing JSC
VN:GDT
|
$13.52 Million |
|
LORDS GROUP TRAD. LS-005
F:7S6
|
$13.52 Million |
|
Nordic Resources Limited
F:GZ7
|
$13.50 Million |
|
Oylum Sinai Yatirimlar AS
IS:OYLUM
|
$13.49 Million |
|
Surya Toto Indonesia Tbk
JK:TOTO
|
$13.49 Million |
|
Star Copper Corp.
PINK:STCUF
|
$13.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fortune Bay Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 22,531,172 to 21,962,133, a change of -569,039 (-2.5%).
- Net loss of 1,489,503 reduced equity.
- New share issuances of 592,923 increased equity.
- Other factors increased equity by 327,541.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.49 Million | -6.78% |
| Share Issuances | $592.92K | +2.7% |
| Other Changes | $327.54K | +1.49% |
| Total Change | $- | -2.53% |
Book Value vs Market Value Analysis
This analysis compares Fortune Bay 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: 0.61x
- 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 increased from 0.39x to 0.61x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $0.70 | $0.28 | x |
| 2018-12-31 | $0.72 | $0.28 | x |
| 2019-12-31 | $0.69 | $0.28 | x |
| 2020-12-31 | $0.58 | $0.28 | x |
| 2021-12-31 | $0.55 | $0.28 | x |
| 2022-12-31 | $0.53 | $0.28 | x |
| 2023-12-31 | $0.49 | $0.28 | x |
| 2024-12-31 | $0.45 | $0.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fortune Bay 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): -6.78%
- 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: 1.10x
- Recent ROE (-6.78%) is below the historical average (-5.06%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -3.71% | 0.00% | 0.00x | 1.01x | $-2.84 Million |
| 2015 | -2.40% | 0.00% | 0.00x | 1.01x | $-1.85 Million |
| 2016 | -3.28% | 0.00% | 0.00x | 1.01x | $-2.04 Million |
| 2017 | -4.46% | 0.00% | 0.00x | 1.02x | $-2.14 Million |
| 2018 | -4.93% | 0.00% | 0.00x | 1.03x | $-2.25 Million |
| 2019 | -4.24% | 0.00% | 0.00x | 1.08x | $-2.06 Million |
| 2020 | -6.04% | 0.00% | 0.00x | 1.06x | $-2.89 Million |
| 2021 | -7.69% | 0.00% | 0.00x | 1.04x | $-4.20 Million |
| 2022 | -5.99% | 0.00% | 0.00x | 1.04x | $-3.66 Million |
| 2023 | -6.15% | 0.00% | 0.00x | 1.07x | $-3.64 Million |
| 2024 | -6.78% | 0.00% | 0.00x | 1.10x | $-3.69 Million |
Industry Comparison
This section compares Fortune Bay 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 |
|---|---|---|---|---|
| Fortune Bay Corp (FTBYF) | $24.27 Million | -3.71% | 0.08x | $13.51 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 |