HAYAF
Hayasa Metals Inc., is an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Armenia. It explores for gold and copper deposits. The company holds an interest in an exploration permit comprising 33.8 square kilometers in the Urasar mineral district in northern Armenia. It also has an option to acquire 100% of the Vardenis copper-gold project… Read more
HAYAF (HAYAF) - Net Assets
Latest net assets as of September 2025: $2.09 Million USD
Based on the latest financial reports, HAYAF (HAYAF) has net assets worth $2.09 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 ($2.72 Million) and total liabilities ($634.34K). 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 | $2.09 Million |
| % of Total Assets | 76.71% |
| Annual Growth Rate | -10.83% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 281.39 |
HAYAF - Net Assets Trend (2021–2025)
This chart illustrates how HAYAF's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for HAYAF (2021–2025)
The table below shows the annual net assets of HAYAF from 2021 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $1.47 Million | +618.70% |
| 2024-03-31 | $205.06K | -92.82% |
| 2023-03-31 | $2.86 Million | +22.66% |
| 2022-03-31 | $2.33 Million | -0.14% |
| 2021-03-31 | $2.33 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to HAYAF'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 689700200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $23.71 Million | 1609.00% |
| Total Equity | $1.47 Million | 100.00% |
HAYAF Competitors by Market Cap
The table below lists competitors of HAYAF ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SKRR Exploration Inc
PINK:SKKRF
|
$3.14 Million |
|
Sapura Industrial Bhd
KLSE:7811
|
$3.14 Million |
|
Butn Ltd
AU:BTN
|
$3.14 Million |
|
Invibes Advertising NV
PA:ALINV
|
$3.14 Million |
|
Plato Gold Corp
OTCQB:NIOVF
|
$3.14 Million |
|
Capital Partners S.A.
WAR:CPA
|
$3.14 Million |
|
YeSUN Tech Co.Ltd.
KQ:250930
|
$3.14 Million |
|
KEYENCE CORP
MU:KEE
|
$3.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HAYAF's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 205,058 to 1,473,750, a change of 1,268,692 (618.7%).
- Net loss of 1,230,482 reduced equity.
- New share issuances of 1,960,006 increased equity.
- Other factors increased equity by 539,168.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.23 Million | -83.49% |
| Share Issuances | $1.96 Million | +132.99% |
| Other Changes | $539.17K | +36.58% |
| Total Change | $- | 618.70% |
Book Value vs Market Value Analysis
This analysis compares HAYAF'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: 2.19x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.28x to 2.19x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-03-31 | $0.19 | $0.05 | x |
| 2022-03-31 | $0.16 | $0.05 | x |
| 2023-03-31 | $0.11 | $0.05 | x |
| 2024-03-31 | $0.01 | $0.05 | x |
| 2025-03-31 | $0.02 | $0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HAYAF 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): -83.49%
- 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: 1.30x
- Recent ROE (-83.49%) is above the historical average (-445.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -154.64% | 0.00% | 0.00x | 1.08x | $-3.84 Million |
| 2022 | -31.56% | 0.00% | 0.00x | 1.15x | $-967.48K |
| 2023 | -34.62% | 0.00% | 0.00x | 1.15x | $-1.27 Million |
| 2024 | -1923.02% | 0.00% | 0.00x | 4.72x | $-3.96 Million |
| 2025 | -83.49% | 0.00% | 0.00x | 1.30x | $-1.38 Million |
Industry Comparison
This section compares HAYAF'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 |
|---|---|---|---|---|
| HAYAF (HAYAF) | $2.09 Million | -154.64% | 0.30x | $3.14 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 |