Giga Metals Corporation
Giga Metals Corporation engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for nickel-cobalt sulphide deposits. It holds 85% interests in the Turnagain property with 75 mineral claims covering an area of approximately 44,045 hectares located in the Liard mining division of northern British Columbia. The company was formerly known as Hard… Read more
Giga Metals Corporation (GIGGF) - Net Assets
Latest net assets as of September 2025: $21.15 Million USD
Based on the latest financial reports, Giga Metals Corporation (GIGGF) has net assets worth $21.15 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 ($23.07 Million) and total liabilities ($1.92 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 | $21.15 Million |
| % of Total Assets | 91.66% |
| Annual Growth Rate | 25.25% |
| 5-Year Change | 121.05% |
| 10-Year Change | N/A |
| Growth Volatility | 30.08 |
Giga Metals Corporation - Net Assets Trend (2019–2024)
This chart illustrates how Giga Metals 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 Giga Metals Corporation (2019–2024)
The table below shows the annual net assets of Giga Metals Corporation from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $21.17 Million | -4.83% |
| 2023-12-31 | $22.24 Million | -6.83% |
| 2022-12-31 | $23.87 Million | +69.89% |
| 2021-12-31 | $14.05 Million | +46.73% |
| 2020-12-31 | $9.58 Million | +39.53% |
| 2019-12-31 | $6.86 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Giga Metals 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 706282400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $81.16 Million | 448.37% |
| Total Equity | $18.10 Million | 100.00% |
Giga Metals Corporation Competitors by Market Cap
The table below lists competitors of Giga Metals Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pioneerindo Gourmet International
JK:PTSP
|
$8.18 Million |
|
Avantium N.V
PINK:AVTXF
|
$8.18 Million |
|
Teb Bancorp Inc
PINK:TBBA
|
$8.19 Million |
|
Plum Acquisition Corp. IV Warrants
NASDAQ:PLMKW
|
$8.19 Million |
|
S H L Telemedicine Ltd
SW:SHLTN
|
$8.18 Million |
|
COSTCO WHSL - Dusseldorf Stock Exchang
DU:CTO
|
$8.18 Million |
|
Eqva ASA
OL:EQVA
|
$8.18 Million |
|
Shradha Infraprojects Limited
NSE:SHRADHA
|
$8.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Giga Metals Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 18,965,387 to 18,099,935, a change of -865,452 (-4.6%).
- Net loss of 2,117,073 reduced equity.
- New share issuances of 1,152,500 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.12 Million | -11.7% |
| Share Issuances | $1.15 Million | +6.37% |
| Other Changes | $99.12K | +0.55% |
| Total Change | $- | -4.56% |
Book Value vs Market Value Analysis
This analysis compares Giga Metals 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: 0.38x
- 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 decreased from 0.53x to 0.38x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $0.12 | $0.07 | x |
| 2020-12-31 | $0.14 | $0.07 | x |
| 2021-12-31 | $0.16 | $0.07 | x |
| 2022-12-31 | $0.21 | $0.07 | x |
| 2023-12-31 | $0.19 | $0.07 | x |
| 2024-12-31 | $0.17 | $0.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Giga Metals 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): -11.70%
- 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: 1.25x
- Recent ROE (-11.70%) is above the historical average (-16.81%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -24.24% | 0.00% | 0.00x | 1.13x | $-2.35 Million |
| 2020 | -21.11% | 0.00% | 0.00x | 1.07x | $-2.98 Million |
| 2021 | -19.49% | 0.00% | 0.00x | 1.07x | $-4.14 Million |
| 2022 | -13.94% | 0.00% | 0.00x | 1.23x | $-4.91 Million |
| 2023 | -10.36% | 0.00% | 0.00x | 1.23x | $-3.86 Million |
| 2024 | -11.70% | 0.00% | 0.00x | 1.25x | $-3.93 Million |
Industry Comparison
This section compares Giga Metals Corporation's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $2,436,539,064
- Average return on equity (ROE) among peers: -72.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Giga Metals Corporation (GIGGF) | $21.15 Million | -24.24% | 0.09x | $8.18 Million |
| Asia Broadband Inc (AABB) | $-384.18K | 0.00% | 0.00x | $228.54 |
| Altair Resources Inc (AAEEF) | $519.85K | -583.77% | 3.27x | $165.38K |
| Aftermath Silver Ltd (AAGFF) | $26.16 Million | -26.37% | 0.41x | $99.81 Million |
| Anglo American plc (AAUKF) | $24.32 Billion | 6.55% | 1.06x | $26.36 Billion |
| Abacus Mining & Exploration Corporation (ABCFF) | $-123.88K | 0.00% | 0.00x | $1.95 Million |
| Vision Lithium Inc (ABEPF) | $-384.45K | 0.00% | 0.00x | $3.75 Million |
| Arbor Metals Corp (ABRMF) | $700.32K | -22.12% | 0.03x | $3.05 Million |
| ACG Metals Limited (ACGAF) | $3.51 Million | -77.72% | 0.31x | $121.32 Million |
| ACME Lithium Inc (ACLHF) | $-1.00 Million | 0.00% | 0.00x | $561.74K |
| ACMNF (ACMNF) | $11.40 Million | -19.68% | 0.16x | $14.34 Million |