Orefinders Resources Inc
Orecap Invest Corp. engages in the investment in the natural resources sector. The company invests in precious and critical metal assets and businesses. It owns a portfolio of land packages that focus on gold, copper, and zinc. The company owns 100% interests in McGarry Project tenure located in Virginia town, Ontario. The company was formerly known as Orefinders Resources Inc. and changed its na… Read more
Orefinders Resources Inc (ORFDF) - Net Assets
Latest net assets as of April 2025: $15.34 Million USD
Based on the latest financial reports, Orefinders Resources Inc (ORFDF) has net assets worth $15.34 Million USD as of April 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($16.11 Million) and total liabilities ($766.63K). 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 | $15.34 Million |
| % of Total Assets | 95.24% |
| Annual Growth Rate | 4.38% |
| 5-Year Change | 63.88% |
| 10-Year Change | 55.18% |
| Growth Volatility | 248.17 |
Orefinders Resources Inc - Net Assets Trend (2014–2024)
This chart illustrates how Orefinders 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 Orefinders Resources Inc (2014–2024)
The table below shows the annual net assets of Orefinders Resources Inc from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-10-31 | $12.91 Million | +435.03% |
| 2023-10-31 | $2.41 Million | -70.78% |
| 2022-10-31 | $8.26 Million | -18.75% |
| 2021-10-31 | $10.16 Million | +29.02% |
| 2020-10-31 | $7.88 Million | +717.14% |
| 2019-10-31 | $964.09K | -89.39% |
| 2018-10-31 | $9.08 Million | +33.94% |
| 2017-10-31 | $6.78 Million | -19.18% |
| 2016-10-31 | $8.39 Million | +0.88% |
| 2015-10-31 | $8.32 Million | -1.03% |
| 2014-10-31 | $8.41 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Orefinders 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 1040001400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $31.20 Million | 223.19% |
| Total Equity | $13.98 Million | 100.00% |
Orefinders Resources Inc Competitors by Market Cap
The table below lists competitors of Orefinders Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
VIRGIN WINES UK LS -01
F:3RW
|
$10.14 Million |
|
Yinfu Gold Corporation
PINK:ELRE
|
$10.14 Million |
|
5YY0
F:5YY0
|
$10.14 Million |
|
Manomay Tex India Limited
NSE:MANOMAY
|
$10.15 Million |
|
HYTN INNOVATIONS INC.
F:85W0
|
$10.14 Million |
|
EBANG INTL HLDGS (NEW) A
F:7EBA
|
$10.14 Million |
|
Akin Tekstil AS
IS:ATEKS
|
$10.13 Million |
|
Agripure Holdings Public Company Limited
BK:APURE
|
$10.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Orefinders Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,596,041 to 13,981,254, a change of 10,385,213 (288.8%).
- Net income of 9,650,834 contributed positively to equity growth.
- Other factors increased equity by 734,379.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $9.65 Million | +69.03% |
| Other Changes | $734.38K | +5.25% |
| Total Change | $- | 288.80% |
Book Value vs Market Value Analysis
This analysis compares Orefinders 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: 0.77x
- 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 0.38x to 0.77x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-10-31 | $0.12 | $0.04 | x |
| 2018-10-31 | $0.09 | $0.04 | x |
| 2019-10-31 | $0.01 | $0.04 | x |
| 2020-10-31 | $0.04 | $0.04 | x |
| 2021-10-31 | $0.04 | $0.04 | x |
| 2022-10-31 | $0.03 | $0.04 | x |
| 2023-10-31 | $0.01 | $0.04 | x |
| 2024-10-31 | $0.06 | $0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Orefinders 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): 69.03%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.20x
- Recent ROE (69.03%) is above the historical average (-22.67%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -7.14% | 0.00% | 0.00x | 1.01x | $-1.44 Million |
| 2015 | -3.49% | 0.00% | 0.00x | 1.00x | $-1.12 Million |
| 2016 | -5.95% | 0.00% | 0.00x | 1.13x | $-1.34 Million |
| 2017 | -24.06% | 0.00% | 0.00x | 1.05x | $-2.31 Million |
| 2018 | -14.26% | 0.00% | 0.00x | 1.07x | $-2.20 Million |
| 2019 | -111.29% | 0.00% | 0.00x | 2.05x | $-1.17 Million |
| 2020 | -1.78% | 0.00% | 0.00x | 1.23x | $-927.74K |
| 2021 | 5.84% | 0.00% | 0.00x | 1.13x | $-423.20K |
| 2022 | -24.18% | 0.00% | 0.00x | 1.14x | $-2.82 Million |
| 2023 | -132.09% | 0.00% | 0.00x | 1.65x | $-5.11 Million |
| 2024 | 69.03% | 0.00% | 0.00x | 1.20x | $8.25 Million |
Industry Comparison
This section compares Orefinders 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 |
|---|---|---|---|---|
| Orefinders Resources Inc (ORFDF) | $15.34 Million | -7.14% | 0.05x | $10.14 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 |