Western Exploration Inc
Western Exploration Inc. engages in the exploration, acquisition, development, and mining of precious metals and other mineral deposits in the state of Nevada, the United States. The company explores for gold and silver deposits. Its flagship property is the Aura project comprising 709 unpatented lode mining claims covering 12,848 acres located in Elko County, Nevada. The company is based in Vanc… Read more
Western Exploration Inc (WEXPF) - Net Assets
Latest net assets as of September 2025: $8.82 Million USD
Based on the latest financial reports, Western Exploration Inc (WEXPF) has net assets worth $8.82 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 ($10.19 Million) and total liabilities ($1.37 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 | $8.82 Million |
| % of Total Assets | 86.6% |
| Annual Growth Rate | 1.87% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 26.7 |
Western Exploration Inc - Net Assets Trend (2020–2024)
This chart illustrates how Western Exploration 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 Western Exploration Inc (2020–2024)
The table below shows the annual net assets of Western Exploration Inc from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $8.50 Million | +6.62% |
| 2023-12-31 | $7.97 Million | -10.55% |
| 2022-12-31 | $8.91 Million | -23.41% |
| 2021-12-31 | $11.63 Million | +47.42% |
| 2020-12-31 | $7.89 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Western Exploration 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 1420438700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $74.11 Million | 872.00% |
| Total Equity | $8.50 Million | 100.00% |
Western Exploration Inc Competitors by Market Cap
The table below lists competitors of Western Exploration Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dongyang Piston Co Ltd
KO:092780
|
$16.07 Million |
|
Global Education Limited
NSE:GLOBAL
|
$16.07 Million |
|
Giyani Metals Corp
PINK:CATPF
|
$16.08 Million |
|
Plantynet Co. Ltd
KQ:075130
|
$16.08 Million |
|
Drillcon AB
ST:DRIL
|
$16.06 Million |
|
Isramco Negev 2 Limited Partnership
TA:ISRA
|
$16.06 Million |
|
Sung Bo Chem
KO:003080
|
$16.06 Million |
|
Do Day Dream Public Company Limited
BK:DDD
|
$16.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Western Exploration Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,971,743 to 8,499,245, a change of 527,502 (6.6%).
- Net loss of 5,716,903 reduced equity.
- New share issuances of 5,870,654 increased equity.
- Other factors increased equity by 373,751.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-5.72 Million | -67.26% |
| Share Issuances | $5.87 Million | +69.07% |
| Other Changes | $373.75K | +4.4% |
| Total Change | $- | 6.62% |
Book Value vs Market Value Analysis
This analysis compares Western Exploration 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: 2.98x
- 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 2.15x to 2.98x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $0.26 | $0.56 | x |
| 2021-12-31 | $0.38 | $0.56 | x |
| 2022-12-31 | $0.28 | $0.56 | x |
| 2023-12-31 | $0.23 | $0.56 | x |
| 2024-12-31 | $0.19 | $0.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Western Exploration 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): -67.26%
- 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: 1.14x
- Recent ROE (-67.26%) is below the historical average (-58.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -91.49% | 0.00% | 0.00x | 1.25x | $-8.01 Million |
| 2021 | -15.96% | 0.00% | 0.00x | 1.21x | $-3.02 Million |
| 2022 | -60.41% | 0.00% | 0.00x | 1.12x | $-6.27 Million |
| 2023 | -57.04% | 0.00% | 0.00x | 1.17x | $-5.34 Million |
| 2024 | -67.26% | 0.00% | 0.00x | 1.14x | $-6.57 Million |
Industry Comparison
This section compares Western Exploration Inc'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 |
|---|---|---|---|---|
| Western Exploration Inc (WEXPF) | $8.82 Million | -91.49% | 0.15x | $16.07 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 |