Signal Gold Inc.
Signal Gold Inc. operates as a gold development and exploration company in Canada. The company holds a 100% interest in the Goldboro Gold project covering an area of 27, 200 hectares situated to the 175 kilometers northeast of Halifax, Nova Scotia. It also owns a Tilt Cove Gold and copper project that covers an area of approximately 19, 450 hectares located within the Baie Verte Mining District, … Read more
Signal Gold Inc. (SGNLF) - Net Assets
Latest net assets as of September 2024: $25.17 Million USD
Based on the latest financial reports, Signal Gold Inc. (SGNLF) has net assets worth $25.17 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 ($53.89 Million) and total liabilities ($28.72 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 | $25.17 Million |
| % of Total Assets | 46.7% |
| Annual Growth Rate | 11.35% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 14.52 |
Signal Gold Inc. - Net Assets Trend (2018–2022)
This chart illustrates how Signal Gold 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 Signal Gold Inc. (2018–2022)
The table below shows the annual net assets of Signal Gold Inc. from 2018 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $66.20 Million | -6.58% |
| 2021-12-31 | $70.87 Million | +9.30% |
| 2020-12-31 | $64.84 Million | +34.15% |
| 2019-12-31 | $48.33 Million | +12.24% |
| 2018-12-31 | $43.06 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Signal Gold 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 929797500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $87.65 Million | 132.39% |
| Other Components | $2.77 Million | 4.18% |
| Total Equity | $66.20 Million | 100.00% |
Signal Gold Inc. Competitors by Market Cap
The table below lists competitors of Signal Gold Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kresna Graha Investama Tbk PT
JK:KREN
|
$12.83 Million |
|
Mirza International Limited
NSE:MIRZAINT
|
$12.83 Million |
|
Steakholder Foods Ltd
NASDAQ:STKH
|
$12.83 Million |
|
Das Technology Co. Ltd.
TWO:6648
|
$12.83 Million |
|
Miivo Holdings Corp.
V:MIVO
|
$12.82 Million |
|
Moro Corp
PINK:MRCR
|
$12.82 Million |
|
Stakeholder Gold Corp
V:SRC
|
$12.82 Million |
|
DT&C Co. Ltd
KQ:187220
|
$12.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Signal Gold Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 70,868,930 to 66,203,610, a change of -4,665,320 (-6.6%).
- Net loss of 11,677,264 reduced equity.
- New share issuances of 5,999,776 increased equity.
- Other factors increased equity by 1,012,168.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-11.68 Million | -17.64% |
| Share Issuances | $6.00 Million | +9.06% |
| Other Changes | $1.01 Million | +1.53% |
| Total Change | $- | -6.58% |
Book Value vs Market Value Analysis
This analysis compares Signal Gold 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: 0.15x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $0.36 | $0.05 | x |
| 2019-12-31 | $0.36 | $0.05 | x |
| 2020-12-31 | $0.40 | $0.05 | x |
| 2021-12-31 | $0.39 | $0.05 | x |
| 2022-12-31 | $0.34 | $0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Signal Gold 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): -17.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -27.96%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.42x
- Recent ROE (-17.64%) is below the historical average (-3.64%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -3.93% | -5.34% | 0.55x | 1.35x | $-6.00 Million |
| 2019 | 0.77% | 1.26% | 0.46x | 1.32x | $-4.46 Million |
| 2020 | 12.69% | 19.79% | 0.51x | 1.26x | $1.74 Million |
| 2021 | -10.07% | -25.67% | 0.29x | 1.35x | $-14.22 Million |
| 2022 | -17.64% | -27.96% | 0.45x | 1.42x | $-18.30 Million |
Industry Comparison
This section compares Signal Gold 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 |
|---|---|---|---|---|
| Signal Gold Inc. (SGNLF) | $25.17 Million | -3.93% | 1.14x | $12.83 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 |