Galantas Gold Corporation
Galantas Gold Corporation engages in the acquisition, exploration, and development of mineral properties. It explores for gold, silver, zinc, copper, and lead deposits. The company owns and operates the Omagh Gold Project, which covers an area of 189 square kilometers located in Northern Ireland. It also has an option agreement to acquire a 100% interest in the Gairloch Project, covering 217 squa… Read more
Galantas Gold Corporation (GALKF) - Net Assets
Latest net assets as of September 2024: $9.84 Million USD
Based on the latest financial reports, Galantas Gold Corporation (GALKF) has net assets worth $9.84 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($33.34 Million) and total liabilities ($23.50 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 | $9.84 Million |
| % of Total Assets | 29.51% |
| Annual Growth Rate | -0.08% |
| 5-Year Change | -20.15% |
| 10-Year Change | 161.5% |
| Growth Volatility | 39.1 |
Galantas Gold Corporation - Net Assets Trend (2006–2023)
This chart illustrates how Galantas Gold Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Galantas Gold Corporation (2006–2023)
The table below shows the annual net assets of Galantas Gold Corporation from 2006 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $11.36 Million | -22.82% |
| 2022-12-31 | $14.71 Million | -24.11% |
| 2021-12-31 | $19.39 Million | +37.30% |
| 2020-12-31 | $14.12 Million | -0.71% |
| 2019-12-31 | $14.22 Million | -10.20% |
| 2018-12-31 | $15.84 Million | +85.24% |
| 2017-12-31 | $8.55 Million | +30.17% |
| 2016-12-31 | $6.57 Million | -9.57% |
| 2015-12-31 | $7.26 Million | +67.24% |
| 2014-12-31 | $4.34 Million | -42.40% |
| 2013-12-31 | $7.54 Million | -18.16% |
| 2012-12-31 | $9.21 Million | +25.34% |
| 2011-12-31 | $7.35 Million | -22.55% |
| 2010-12-31 | $9.49 Million | +61.97% |
| 2009-12-31 | $5.86 Million | -50.30% |
| 2008-12-31 | $11.79 Million | -23.88% |
| 2007-12-31 | $15.49 Million | +34.49% |
| 2006-12-31 | $11.52 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Galantas Gold Corporation'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 7903231000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $90.39 Million | 795.88% |
| Total Equity | $11.36 Million | 100.00% |
Galantas Gold Corporation Competitors by Market Cap
The table below lists competitors of Galantas Gold Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xcel Brands Inc
NASDAQ:XELB
|
$4.58 Million |
|
Diagnos Laboratorium Utama PT Tbk
JK:DGNS
|
$4.58 Million |
|
Metal Bank Ltd
AU:MBK
|
$4.58 Million |
|
Ouster, Inc. Warrants
NYSE:OUSTZ
|
$4.58 Million |
|
Privasia Technology Bhd
KLSE:0123
|
$4.58 Million |
|
Cheetah Net Supply Chain Service Inc. Class A Common Stock
NASDAQ:CTNT
|
$4.58 Million |
|
Royal Energy Resources Inc
PINK:ROYE
|
$4.58 Million |
|
0NAS
LSE:0NAS
|
$4.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Galantas Gold Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 14,714,991 to 11,357,156, a change of -3,357,835 (-22.8%).
- Net loss of 8,568,140 reduced equity.
- New share issuances of 2,963,142 increased equity.
- Other factors increased equity by 2,247,163.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-8.57 Million | -75.44% |
| Share Issuances | $2.96 Million | +26.09% |
| Other Changes | $2.25 Million | +19.79% |
| Total Change | $- | -22.82% |
Book Value vs Market Value Analysis
This analysis compares Galantas Gold Corporation'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: 0.58x
- 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 0.13x to 0.58x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $0.46 | $0.06 | x |
| 2018-12-31 | $0.53 | $0.06 | x |
| 2019-12-31 | $0.44 | $0.06 | x |
| 2020-12-31 | $0.30 | $0.06 | x |
| 2021-12-31 | $0.26 | $0.06 | x |
| 2022-12-31 | $0.14 | $0.06 | x |
| 2023-12-31 | $0.10 | $0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Galantas Gold Corporation 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): -75.44%
- 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: 2.87x
- Recent ROE (-75.44%) is below the historical average (-25.12%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 0.00% | 0.00% | 0.00x | 1.16x | $-1.15 Million |
| 2007 | 0.00% | 0.00% | 0.03x | 1.32x | $-1.55 Million |
| 2008 | 0.00% | 0.00% | 0.21x | 1.43x | $-1.18 Million |
| 2009 | 0.00% | 0.00% | 0.45x | 1.94x | $-585.93K |
| 2010 | 10.41% | 14.42% | 0.49x | 1.48x | $38.92K |
| 2011 | 21.49% | 16.97% | 0.67x | 1.88x | $844.86K |
| 2012 | 0.00% | 0.00% | 0.33x | 1.53x | $-921.29K |
| 2013 | -24.27% | -127.00% | 0.11x | 1.67x | $-2.58 Million |
| 2014 | -104.31% | -65809.08% | 0.00x | 1.97x | $-4.96 Million |
| 2015 | -24.69% | -2213.98% | 0.01x | 1.86x | $-2.52 Million |
| 2016 | -24.56% | -2178.13% | 0.01x | 1.66x | $-2.27 Million |
| 2017 | -24.31% | -5885.75% | 0.00x | 1.61x | $-2.93 Million |
| 2018 | -18.22% | -4050.13% | 0.00x | 1.53x | $-4.47 Million |
| 2019 | -25.06% | -61586.20% | 0.00x | 1.74x | $-4.99 Million |
| 2020 | -22.86% | 0.00% | 0.00x | 1.68x | $-4.64 Million |
| 2021 | -27.26% | 0.00% | 0.00x | 1.56x | $-7.22 Million |
| 2022 | -113.04% | 0.00% | 0.00x | 2.06x | $-18.11 Million |
| 2023 | -75.44% | 0.00% | 0.00x | 2.87x | $-9.70 Million |
Industry Comparison
This section compares Galantas Gold Corporation'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 |
|---|---|---|---|---|
| Galantas Gold Corporation (GALKF) | $9.84 Million | 0.00% | 2.39x | $4.58 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 |