Secova Metals Corp
ESGold Corp., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It primarily explores for gold and silver deposits. The company primarily holds a 100% interest in the Eagle River project that includes various claims located in the Windfall Lake gold district, Quebec. It also holds interest in the Montauban project located in the… Read more
Secova Metals Corp (SEKZF) - Net Assets
Latest net assets as of March 2025: $5.96 Million USD
Based on the latest financial reports, Secova Metals Corp (SEKZF) has net assets worth $5.96 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 ($9.79 Million) and total liabilities ($3.82 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 | $5.96 Million |
| % of Total Assets | 60.93% |
| Annual Growth Rate | 11.33% |
| 5-Year Change | 96.74% |
| 10-Year Change | N/A |
| Growth Volatility | 751.5 |
Secova Metals Corp - Net Assets Trend (2005–2024)
This chart illustrates how Secova Metals 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 Secova Metals Corp (2005–2024)
The table below shows the annual net assets of Secova Metals Corp from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | $3.43 Million | -39.99% |
| 2023-06-30 | $5.71 Million | -7.64% |
| 2022-06-30 | $6.18 Million | +2482.05% |
| 2021-06-30 | $239.49K | -86.25% |
| 2020-06-30 | $1.74 Million | -10.70% |
| 2019-06-30 | $1.95 Million | -58.70% |
| 2018-06-30 | $4.72 Million | -0.22% |
| 2017-06-30 | $4.73 Million | +2157.70% |
| 2016-06-30 | $209.69K | +1861.10% |
| 2015-06-30 | $-11.91K | -108.02% |
| 2014-06-30 | $148.50K | -48.56% |
| 2013-06-30 | $288.68K | -34.75% |
| 2012-06-30 | $442.41K | -66.03% |
| 2011-06-30 | $1.30 Million | -21.99% |
| 2010-06-30 | $1.67 Million | -43.27% |
| 2009-06-30 | $2.94 Million | +79.59% |
| 2008-06-30 | $1.64 Million | -67.87% |
| 2007-06-30 | $5.10 Million | +23.99% |
| 2006-06-30 | $4.11 Million | +822.34% |
| 2005-06-30 | $446.02K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Secova Metals 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 decreased by 3258714900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $34.30 Million | 1000.77% |
| Other Comprehensive Income | $1.76 Million | 51.28% |
| Total Equity | $3.43 Million | 100.00% |
Secova Metals Corp Competitors by Market Cap
The table below lists competitors of Secova Metals Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eyesvision Corp
KQ:031310
|
$10.85 Million |
|
Tureks Turunc Madencilik Ic ve Dis Ticaret A.S.
IS:MARBL
|
$10.86 Million |
|
Minupar Participações S.A
SA:MNPR3
|
$10.86 Million |
|
OriginClear Inc
PINK:OCLN
|
$10.87 Million |
|
Nasus Pharma Ltd.
NYSE MKT:NSRX
|
$10.85 Million |
|
SILVER DOLLAR RES
F:4YW
|
$10.85 Million |
|
Corline Biomedical AB
ST:CLBIO
|
$10.85 Million |
|
Silverline Endustri ve Ticaret AS
IS:SILVR
|
$10.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Secova Metals Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,711,504 to 3,427,673, a change of -2,283,831 (-40.0%).
- Net loss of 3,687,503 reduced equity.
- New share issuances of 306,250 increased equity.
- Other comprehensive income increased equity by 198,220.
- Other factors increased equity by 899,202.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.69 Million | -107.58% |
| Share Issuances | $306.25K | +8.93% |
| Other Comprehensive Income | $198.22K | +5.78% |
| Other Changes | $899.20K | +26.23% |
| Total Change | $- | -39.99% |
Book Value vs Market Value Analysis
This analysis compares Secova Metals 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: 2.33x
- 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 0.04x to 2.33x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-06-30 | $5.54 | $0.22 | x |
| 2006-06-30 | $23.08 | $0.22 | x |
| 2007-06-30 | $26.79 | $0.22 | x |
| 2008-06-30 | $6.97 | $0.22 | x |
| 2009-06-30 | $11.06 | $0.22 | x |
| 2010-06-30 | $4.68 | $0.22 | x |
| 2011-06-30 | $3.65 | $0.22 | x |
| 2012-06-30 | $1.24 | $0.22 | x |
| 2013-06-30 | $0.57 | $0.22 | x |
| 2014-06-30 | $0.11 | $0.22 | x |
| 2015-06-30 | $-0.01 | $0.22 | x |
| 2016-06-30 | $0.06 | $0.22 | x |
| 2017-06-30 | $0.55 | $0.22 | x |
| 2018-06-30 | $0.26 | $0.22 | x |
| 2019-06-30 | $0.47 | $0.22 | x |
| 2020-06-30 | $0.22 | $0.22 | x |
| 2021-06-30 | $0.03 | $0.22 | x |
| 2022-06-30 | $0.41 | $0.22 | x |
| 2023-06-30 | $0.23 | $0.22 | x |
| 2024-06-30 | $0.09 | $0.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Secova Metals 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): -107.58%
- 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: 2.08x
- Recent ROE (-107.58%) is above the historical average (-144.57%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | -10.32% | 0.00% | 0.00x | 1.19x | $-90.64K |
| 2006 | -79.36% | 0.00% | 0.00x | 1.04x | $-3.68 Million |
| 2007 | -5.22% | 0.00% | 0.00x | 1.07x | $-776.54K |
| 2008 | -299.72% | 0.00% | 0.00x | 1.09x | $-5.08 Million |
| 2009 | 27.94% | 0.00% | 0.00x | 1.08x | $527.86K |
| 2010 | -85.61% | 0.00% | 0.00x | 1.11x | $-1.60 Million |
| 2011 | -30.83% | 0.00% | 0.00x | 1.03x | $-531.80K |
| 2012 | -198.35% | 0.00% | 0.00x | 1.07x | $-921.77K |
| 2013 | -171.09% | 0.00% | 0.00x | 1.29x | $-522.76K |
| 2014 | -192.32% | 0.00% | 0.00x | 2.34x | $-300.45K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-603.59K |
| 2016 | -504.00% | 0.00% | 0.00x | 4.31x | $-1.08 Million |
| 2017 | -32.46% | 0.00% | 0.00x | 1.07x | $-2.01 Million |
| 2018 | -25.66% | 0.00% | 0.00x | 1.16x | $-1.68 Million |
| 2019 | -281.98% | 0.00% | 0.00x | 1.33x | $-5.70 Million |
| 2020 | -33.96% | 0.00% | 0.00x | 1.44x | $-765.87K |
| 2021 | -717.97% | 0.00% | 0.00x | 13.20x | $-1.74 Million |
| 2022 | -78.02% | 0.00% | 0.00x | 1.42x | $-5.44 Million |
| 2023 | -64.96% | 0.00% | 0.00x | 1.59x | $-4.28 Million |
| 2024 | -107.58% | 0.00% | 0.00x | 2.08x | $-4.03 Million |
Industry Comparison
This section compares Secova Metals Corp's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $9,705,177,506
- Average return on equity (ROE) among peers: -74.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Secova Metals Corp (SEKZF) | $5.96 Million | -10.32% | 0.64x | $10.85 Million |
| AbraSilver Resource Corp (ABBRF) | $3.05 Million | -108.70% | 0.31x | $280.10 Million |
| American Copper Development Corporation (ACDXF) | $-331.64K | 0.00% | 0.00x | $1.96 Million |
| American Creek Resources Ltd (ACKRF) | $2.36 Million | -67.11% | 0.29x | $23.79 Million |
| American Clean Resources Group Inc. (ACRG) | $23.29 Million | -69.73% | 0.66x | $9.52 Million |
| Adyton Resources Corporation (ADYRF) | $14.98 Million | 5.60% | 0.05x | $26.44 Million |
| Austral Gold Limited (AGLDF) | $542.56K | -504.60% | 1.47x | $4.83 Million |
| Anglo American Platinum Limited (AGPPF) | $96.96 Billion | 50.69% | 0.82x | $8.40 Billion |
| Athena Gold Corp (AHNR) | $4.96 Million | -13.77% | 0.26x | $779.22K |
| Alaska Energy Metals Corporation (AKEMF) | $26.15 Million | -33.81% | 0.05x | $14.55 Million |
| ALXPF (ALXPF) | $14.77 Million | -5.14% | 0.08x | $24.72 Million |