Mandalay Resources Corp

OTCQB:MNDJF USA Gold
Market Cap
$317.12 Million
Market Cap Rank
#15533 Global
#6094 in USA
Share Price
$3.35
Change (1 day)
-13.10%
52-Week Range
$3.35 - $3.86
All Time High
$9.11
Categories
Companies in USA Gold
About

Mandalay Resources Corporation, together with its subsidiaries, engages in the acquisition, exploration, extraction, processing, and reclamation of mineral properties in Australia, Sweden, Chile, and Canada. It explores for gold, copper, silver, and antimony deposits. The company's assets consist of the Costerfield gold-antimony mine covering an area of 1,219 hectares located in Victoria, Austral… Read more

Mandalay Resources Corp (MNDJF) - Net Assets

Latest net assets as of March 2025: $256.73 Million USD

Based on the latest financial reports, Mandalay Resources Corp (MNDJF) has net assets worth $256.73 Million USD as of March 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($372.68 Million) and total liabilities ($115.94 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 $256.73 Million
% of Total Assets 68.89%
Annual Growth Rate 27.17%
5-Year Change 68.85%
10-Year Change 10.39%
Growth Volatility 138.76

Mandalay Resources Corp - Net Assets Trend (2008–2024)

This chart illustrates how Mandalay Resources 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 Mandalay Resources Corp (2008–2024)

The table below shows the annual net assets of Mandalay Resources Corp from 2008 to 2024.

Year Net Assets Change
2024-12-31 $229.27 Million +16.42%
2023-12-31 $196.93 Million +6.94%
2022-12-31 $184.15 Million +4.23%
2021-12-31 $176.69 Million +30.13%
2020-12-31 $135.78 Million +21.50%
2019-12-31 $111.75 Million +16.24%
2018-12-31 $96.14 Million -41.93%
2017-12-31 $165.54 Million -18.47%
2016-12-31 $203.04 Million -2.24%
2015-12-31 $207.69 Million -4.90%
2014-12-31 $218.40 Million +42.02%
2013-12-31 $153.78 Million +7.09%
2012-12-31 $143.60 Million +45.50%
2011-12-31 $98.69 Million +57.83%
2010-12-31 $62.53 Million +88.32%
2009-12-31 $33.20 Million +577.68%
2008-12-31 $4.90 Million --

Equity Component Analysis

This analysis shows how different components contribute to Mandalay Resources 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 6269000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings $62.69 Million 27.34%
Other Components $166.58 Million 72.66%
Total Equity $229.27 Million 100.00%

Mandalay Resources Corp Competitors by Market Cap

The table below lists competitors of Mandalay Resources Corp ranked by their market capitalization.

Company Market Cap
Changzhou Langbo Seal Polytron Technologies Co Ltd Class A
SHG:603655
 		$181.40 Million
Chemung Financial Corp
NASDAQ:CHMG
 		$181.42 Million
Wecome Intelligent Manufacturing Co. Ltd.
SHG:603070
 		$181.44 Million
Bangyan Technology Co. Ltd. A
SHG:688132
 		$181.44 Million
Hebei Gongda Keya Energy Technology Co. Ltd. A
SHE:301197
 		$181.29 Million
Macmahon Holdings Limited
PINK:MCHHF
 		$181.26 Million
Zhejiang Dibay Electric Co Ltd
SHG:603320
 		$181.20 Million
Shanghai Model Organisms Center Inc
SHG:688265
 		$181.19 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Mandalay Resources Corp's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 196,932,000 to 229,266,000, a change of 32,334,000 (16.4%).
  • Net income of 47,761,000 contributed positively to equity growth.
  • Share repurchases of 360,000 reduced equity.
  • New share issuances of 94,000 increased equity.
  • Other factors decreased equity by 15,161,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income $47.76 Million +20.83%
Share Repurchases $360.00K -0.16%
Share Issuances $94.00K +0.04%
Other Changes $-15.16 Million -6.61%
Total Change $- 16.42%

Book Value vs Market Value Analysis

This analysis compares Mandalay Resources 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: 1.37x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2015-12-31 $0.00 $3.35 x
2016-12-31 $0.00 $3.35 x
2017-12-31 $3.67 $3.35 x
2018-12-31 $2.13 $3.35 x
2019-12-31 $1.23 $3.35 x
2020-12-31 $1.49 $3.35 x
2021-12-31 $1.93 $3.35 x
2022-12-31 $1.99 $3.35 x
2023-12-31 $2.12 $3.35 x
2024-12-31 $2.44 $3.35 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Mandalay Resources 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): 20.83%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 19.85%
  • • Asset Turnover: 0.73x
  • • Equity Multiplier: 1.44x
  • Recent ROE (20.83%) is above the historical average (2.29%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2008 0.00% 0.00% 0.00x 1.17x $-489.97K
2009 0.00% 0.00% 0.01x 1.22x $-3.32 Million
2010 0.00% 0.00% 0.21x 1.54x $-6.25 Million
2011 18.67% 20.05% 0.66x 1.40x $8.56 Million
2012 29.15% 24.28% 0.93x 1.30x $27.50 Million
2013 19.17% 17.64% 0.84x 1.30x $14.10 Million
2014 8.03% 9.52% 0.51x 1.67x $-4.29 Million
2015 7.06% 7.54% 0.56x 1.67x $-6.10 Million
2016 -9.97% -10.90% 0.53x 1.72x $-40.54 Million
2017 -25.80% -26.20% 0.53x 1.84x $-59.26 Million
2018 -66.28% -56.81% 0.47x 2.47x $-73.33 Million
2019 -16.69% -17.30% 0.42x 2.31x $-29.82 Million
2020 6.86% 5.20% 0.59x 2.22x $-4.27 Million
2021 31.06% 23.92% 0.72x 1.80x $37.21 Million
2022 12.76% 12.26% 0.68x 1.53x $5.09 Million
2023 3.99% 4.53% 0.59x 1.50x $-11.83 Million
2024 20.83% 19.85% 0.73x 1.44x $24.83 Million

Industry Comparison

This section compares Mandalay Resources 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
Mandalay Resources Corp (MNDJF) $256.73 Million 0.00% 0.45x $181.33 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