Steppe Gold Ltd
Steppe Gold Ltd. engages in operating, developing, exploring, and acquiring precious metal projects in Mongolia and Peru. Its flagship project is the 100% owned Altan Tsagaan Ovoo property covering an area of approximately 5,492 hectares located in Ulaanbaatar, Mongolia. The company is based in Toronto, Canada. Steppe Gold Ltd. is a subsidiary of Boroo Pte Ltd.
Steppe Gold Ltd (STPGF) - Net Assets
Latest net assets as of September 2025: $132.66 Million USD
Based on the latest financial reports, Steppe Gold Ltd (STPGF) has net assets worth $132.66 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 ($342.71 Million) and total liabilities ($210.05 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 | $132.66 Million |
| % of Total Assets | 38.71% |
| Annual Growth Rate | 9.19% |
| 5-Year Change | 166.32% |
| 10-Year Change | 165.11% |
| Growth Volatility | 897.97 |
Steppe Gold Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Steppe Gold Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Steppe Gold Ltd (2014–2024)
The table below shows the annual net assets of Steppe Gold Ltd from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $110.06 Million | +6.67% |
| 2023-12-31 | $103.18 Million | +499.09% |
| 2022-12-31 | $17.22 Million | +145.52% |
| 2021-12-31 | $7.01 Million | -83.03% |
| 2020-12-31 | $41.33 Million | +273.31% |
| 2019-12-31 | $11.07 Million | -33.36% |
| 2018-12-31 | $16.61 Million | +362.38% |
| 2017-12-31 | $3.59 Million | +3041.90% |
| 2016-12-31 | $114.35K | -99.72% |
| 2015-12-31 | $41.52 Million | -9.12% |
| 2014-12-31 | $45.69 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Steppe Gold Ltd'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 grown by 274.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $56.24 Million | 51.09% |
| Other Components | $53.85 Million | 48.91% |
| Total Equity | $110.09 Million | 100.00% |
Steppe Gold Ltd Competitors by Market Cap
The table below lists competitors of Steppe Gold Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Izertis Sa
MC:IZER
|
$52.36 Million |
|
Chainqui Construction Development Co Ltd
TW:2509
|
$52.37 Million |
|
Asian Energy Services Limited
NSE:ASIANENE
|
$52.38 Million |
|
Kuen Ling Refrigerating Machinery Co Ltd
TWO:4527
|
$52.40 Million |
|
Majestic Gold Corp
PINK:MJGCF
|
$52.34 Million |
|
Smart Radar System Inc.
KQ:424960
|
$52.34 Million |
|
Esenboga Elektrik Uretim AS
IS:ESEN
|
$52.33 Million |
|
Remgro Ltd
JSE:REM
|
$52.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Steppe Gold Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 103,181,000 to 110,093,000, a change of 6,912,000 (6.7%).
- Net income of 61,351,000 contributed positively to equity growth.
- Dividend payments of 60,500,000 reduced retained earnings.
- Other factors increased equity by 6,061,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $61.35 Million | +55.73% |
| Dividends Paid | $60.50 Million | -54.95% |
| Other Changes | $6.06 Million | +5.51% |
| Total Change | $- | 6.70% |
Book Value vs Market Value Analysis
This analysis compares Steppe Gold Ltd'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: 1.21x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $0.00 | $0.53 | x |
| 2016-12-31 | $0.00 | $0.53 | x |
| 2017-12-31 | $0.09 | $0.53 | x |
| 2018-12-31 | $0.40 | $0.53 | x |
| 2019-12-31 | $0.25 | $0.53 | x |
| 2020-12-31 | $0.61 | $0.53 | x |
| 2021-12-31 | $0.10 | $0.53 | x |
| 2022-12-31 | $0.25 | $0.53 | x |
| 2023-12-31 | $0.99 | $0.53 | x |
| 2024-12-31 | $0.44 | $0.53 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Steppe Gold Ltd 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): 55.73%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 34.44%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 3.20x
- Recent ROE (55.73%) is above the historical average (-845.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 3.49% | 4.98% | 0.48x | 1.46x | $-2.97 Million |
| 2015 | 3.90% | 5.37% | 0.48x | 1.50x | $-2.53 Million |
| 2016 | -8871.12% | -27.02% | 130.10x | 2.52x | $-10.16 Million |
| 2017 | -196.44% | 0.00% | 0.00x | 7.32x | $-7.42 Million |
| 2018 | -72.66% | 0.00% | 0.00x | 2.61x | $-13.80 Million |
| 2019 | -46.58% | -26.69% | 0.37x | 4.78x | $-6.33 Million |
| 2020 | -9.55% | -7.61% | 0.61x | 2.07x | $-8.12 Million |
| 2021 | -311.18% | -94.05% | 0.16x | 20.12x | $-23.35 Million |
| 2022 | 90.07% | 25.58% | 0.86x | 4.10x | $14.18 Million |
| 2023 | 54.60% | 42.66% | 0.53x | 2.40x | $46.02 Million |
| 2024 | 55.73% | 34.44% | 0.51x | 3.20x | $50.34 Million |
Industry Comparison
This section compares Steppe Gold Ltd'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 |
|---|---|---|---|---|
| Steppe Gold Ltd (STPGF) | $132.66 Million | 3.49% | 1.58x | $52.35 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 |