GFG Resources Inc
GFG Resources Inc. engages in the acquisition, exploration, and development of mineral properties in Canada. It primarily explores for gold deposits. The company holds interests in the Montclerg Gold Project, which comprises 5 patented mining claims and 110 lease claims, located in Ontario, Canada; the Pen Gold Project, covering approximately 475 square kilometers in Ontario, Canada; and the Dore… Read more
GFG Resources Inc (GFGSF) - Net Assets
Latest net assets as of December 2025: $45.12 Million USD
Based on the latest financial reports, GFG Resources Inc (GFGSF) has net assets worth $45.12 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($47.39 Million) and total liabilities ($2.27 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 | $45.12 Million |
| % of Total Assets | 95.2% |
| Annual Growth Rate | 30.42% |
| 5-Year Change | -3.26% |
| 10-Year Change | N/A |
| Growth Volatility | 75.5 |
GFG Resources Inc - Net Assets Trend (2016–2024)
This chart illustrates how GFG Resources 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 GFG Resources Inc (2016–2024)
The table below shows the annual net assets of GFG Resources Inc from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | $33.71 Million | +4.89% |
| 2023-06-30 | $32.14 Million | -15.77% |
| 2022-06-30 | $38.15 Million | +9.94% |
| 2021-06-30 | $34.71 Million | -0.40% |
| 2020-06-30 | $34.84 Million | +21.89% |
| 2019-06-30 | $28.58 Million | +3.70% |
| 2018-06-30 | $27.56 Million | +115.53% |
| 2017-06-30 | $12.79 Million | +217.61% |
| 2016-06-30 | $4.03 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to GFG Resources 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 2310612400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $57.89 Million | 171.74% |
| Total Equity | $33.71 Million | 100.00% |
GFG Resources Inc Competitors by Market Cap
The table below lists competitors of GFG Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BLUEJAY MINING LS -0001
F:S5WA
|
$33.93 Million |
|
PT Buana Artha Anugerah Tbk
JK:STAR
|
$33.93 Million |
|
Mikro MSC Bhd
KLSE:0112
|
$33.93 Million |
|
JLS Co.Ltd
KQ:040420
|
$33.95 Million |
|
Junee Limited Ordinary Shares
NASDAQ:JUNE
|
$33.92 Million |
|
Bewi Asa
OL:BEWI
|
$33.91 Million |
|
Zuari Agro Chemicals Limited
NSE:ZUARI
|
$33.91 Million |
|
CIG PANNONIA LIFE INSURA.
F:0CKA
|
$33.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GFG Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 32,135,990 to 33,707,266, a change of 1,571,276 (4.9%).
- Net loss of 1,246,371 reduced equity.
- New share issuances of 2,393,136 increased equity.
- Other factors increased equity by 424,511.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.25 Million | -3.7% |
| Share Issuances | $2.39 Million | +7.1% |
| Other Changes | $424.51K | +1.26% |
| Total Change | $- | 4.89% |
Book Value vs Market Value Analysis
This analysis compares GFG Resources 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: 0.95x
- 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 0.52x to 0.95x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | $0.25 | $0.13 | x |
| 2018-06-30 | $0.31 | $0.13 | x |
| 2019-06-30 | $0.30 | $0.13 | x |
| 2020-06-30 | $0.26 | $0.13 | x |
| 2021-06-30 | $0.26 | $0.13 | x |
| 2022-06-30 | $0.24 | $0.13 | x |
| 2023-06-30 | $0.15 | $0.13 | x |
| 2024-06-30 | $0.14 | $0.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GFG Resources 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): -3.70%
- 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: 1.04x
- Recent ROE (-3.70%) is above the historical average (-14.04%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -33.26% | 0.00% | 0.00x | 1.34x | $-1.74 Million |
| 2017 | -35.33% | 0.00% | 0.00x | 1.01x | $-5.80 Million |
| 2018 | -8.39% | 0.00% | 0.00x | 1.05x | $-5.07 Million |
| 2019 | -3.08% | 0.00% | 0.00x | 1.03x | $-3.74 Million |
| 2020 | -2.32% | 0.00% | 0.00x | 1.07x | $-4.29 Million |
| 2021 | -1.13% | 0.00% | 0.00x | 1.03x | $-3.86 Million |
| 2022 | -2.25% | 0.00% | 0.00x | 1.02x | $-4.68 Million |
| 2023 | -36.87% | 0.00% | 0.00x | 1.04x | $-15.06 Million |
| 2024 | -3.70% | 0.00% | 0.00x | 1.04x | $-4.62 Million |
Industry Comparison
This section compares GFG Resources 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 |
|---|---|---|---|---|
| GFG Resources Inc (GFGSF) | $45.12 Million | -33.26% | 0.05x | $33.92 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 |