McChip Resources Inc
McChip Resources Inc. operates in the natural resource industry in Canada. The company invests in petroleum interests; and direct and indirect interests in minerals. It also holds interest in the Saskatchewan Potash project located in the province of Saskatchewan. The company was formerly known as Madsen Red Lake Gold Mines Limited and changed its name to McChip Resources Inc. in May 1981. The co… Read more
McChip Resources Inc (MCCHF) - Net Assets
Latest net assets as of September 2025: $14.79 Million USD
Based on the latest financial reports, McChip Resources Inc (MCCHF) has net assets worth $14.79 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 ($15.41 Million) and total liabilities ($621.88K). 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 | $14.79 Million |
| % of Total Assets | 95.97% |
| Annual Growth Rate | 4.9% |
| 5-Year Change | 45.13% |
| 10-Year Change | 263.17% |
| Growth Volatility | 56.69 |
McChip Resources Inc - Net Assets Trend (2000–2024)
This chart illustrates how McChip Resources 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 McChip Resources Inc (2000–2024)
The table below shows the annual net assets of McChip Resources Inc from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $10.68 Million | +29.45% |
| 2023-12-31 | $8.25 Million | +2.75% |
| 2022-12-31 | $8.03 Million | -6.99% |
| 2021-12-31 | $8.63 Million | +17.32% |
| 2020-12-31 | $7.36 Million | +29.87% |
| 2019-12-31 | $5.66 Million | +2.97% |
| 2018-12-31 | $5.50 Million | -14.02% |
| 2017-12-31 | $6.40 Million | +88.33% |
| 2016-12-31 | $3.40 Million | +15.56% |
| 2015-12-31 | $2.94 Million | -8.18% |
| 2014-12-31 | $3.20 Million | -18.43% |
| 2013-12-31 | $3.92 Million | -57.68% |
| 2012-12-31 | $9.27 Million | -8.86% |
| 2011-12-31 | $10.17 Million | -18.15% |
| 2010-12-31 | $12.43 Million | +90.76% |
| 2009-12-31 | $6.52 Million | +54.68% |
| 2008-12-31 | $4.21 Million | -82.59% |
| 2007-12-31 | $24.19 Million | +194.14% |
| 2006-12-31 | $8.22 Million | +20.17% |
| 2005-12-31 | $6.84 Million | +81.27% |
| 2004-12-31 | $3.78 Million | +5.56% |
| 2003-12-31 | $3.58 Million | +32.86% |
| 2002-12-31 | $2.69 Million | +71.03% |
| 2001-12-31 | $1.57 Million | -53.52% |
| 2000-12-31 | $3.39 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to McChip Resources 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 grown by 687.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $4.27 Million | 39.96% |
| Common Stock | $5.28 Million | 49.49% |
| Other Components | $1.13 Million | 10.55% |
| Total Equity | $10.68 Million | 100.00% |
McChip Resources Inc Competitors by Market Cap
The table below lists competitors of McChip Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PENTAL LTD
F:81B
|
$974.12K |
|
Black Widow Resources Inc
V:BWR
|
$974.69K |
|
Mlabs Systems Bhd
KLSE:0085
|
$974.77K |
|
AGILENT TECH (AG8.SG)
STU:AG8
|
$974.97K |
|
London City Equities Ltd
AU:LCE
|
$971.14K |
|
PRYSMIAN (AEU.SG)
STU:AEU
|
$970.90K |
|
Ozop Surgical Corp
PINK:OZSC
|
$970.79K |
|
PT Kusuma Kemindo Sentosa Tbk
JK:KKES
|
$970.56K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in McChip Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,246,618 to 10,675,040, a change of 2,428,422 (29.4%).
- Net income of 2,942,330 contributed positively to equity growth.
- Dividend payments of 513,908 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.94 Million | +27.56% |
| Dividends Paid | $513.91K | -4.81% |
| Total Change | $- | 29.45% |
Book Value vs Market Value Analysis
This analysis compares McChip Resources 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: 0.22x
- 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 0.61x to 0.22x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | $0.69 | $0.42 | x |
| 2014-12-31 | $0.57 | $0.42 | x |
| 2015-12-31 | $0.52 | $0.42 | x |
| 2016-12-31 | $0.60 | $0.42 | x |
| 2017-12-31 | $1.13 | $0.42 | x |
| 2018-12-31 | $0.97 | $0.42 | x |
| 2019-12-31 | $0.99 | $0.42 | x |
| 2020-12-31 | $1.30 | $0.42 | x |
| 2021-12-31 | $1.52 | $0.42 | x |
| 2022-12-31 | $1.41 | $0.42 | x |
| 2023-12-31 | $1.44 | $0.42 | x |
| 2024-12-31 | $1.87 | $0.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently McChip Resources 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): 27.56%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 225.79%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 1.20x
- Recent ROE (27.56%) is above the historical average (8.06%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 11.56% | 28.94% | 0.35x | 1.15x | $52.75K |
| 2001 | 0.00% | 0.00% | 0.63x | 1.35x | $-157.41K |
| 2002 | 40.84% | 115.11% | 0.31x | 1.15x | $830.16K |
| 2003 | 16.58% | 36.27% | 0.28x | 1.64x | $235.24K |
| 2004 | 5.88% | 13.06% | 0.27x | 1.66x | $-155.61K |
| 2005 | 52.21% | 167.58% | 0.27x | 1.17x | $2.89 Million |
| 2006 | 9.25% | 43.12% | 0.18x | 1.20x | $-61.67K |
| 2007 | 27.58% | 344.08% | 0.07x | 1.20x | $4.25 Million |
| 2008 | 0.00% | 0.00% | 0.29x | 1.05x | $-421.27K |
| 2009 | 25.22% | 290.59% | 0.08x | 1.12x | $991.92K |
| 2010 | 44.69% | 600.00% | 0.06x | 1.15x | $4.31 Million |
| 2011 | 0.00% | 0.00% | 0.05x | 1.17x | $-1.02 Million |
| 2012 | 0.00% | 0.00% | 0.03x | 1.34x | $-927.33K |
| 2013 | -134.46% | 0.00% | -0.81x | 1.17x | $-5.67 Million |
| 2014 | -13.75% | -132.47% | 0.09x | 1.18x | $-760.40K |
| 2015 | -8.91% | -26.13% | 0.29x | 1.18x | $-555.71K |
| 2016 | 9.69% | 21.26% | 0.37x | 1.23x | $-10.38K |
| 2017 | 46.90% | 75.26% | 0.56x | 1.10x | $2.36 Million |
| 2018 | -6.02% | -49.38% | 0.11x | 1.13x | $-880.87K |
| 2019 | 5.88% | 50.31% | 0.09x | 1.23x | $-233.12K |
| 2020 | 24.35% | 338.82% | 0.06x | 1.11x | $1.06 Million |
| 2021 | 14.31% | 177.56% | 0.07x | 1.12x | $371.63K |
| 2022 | -4.67% | -66.86% | 0.06x | 1.22x | $-1.18 Million |
| 2023 | 6.83% | 117.20% | 0.05x | 1.25x | $-261.53K |
| 2024 | 27.56% | 225.79% | 0.10x | 1.20x | $1.87 Million |
Industry Comparison
This section compares McChip Resources Inc's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $1,751,793,864
- Average return on equity (ROE) among peers: -1.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| McChip Resources Inc (MCCHF) | $14.79 Million | 11.56% | 0.04x | $973.78K |
| Advantage Energy Ltd. (AAVVF) | $1.33 Billion | 0.83% | 0.33x | $922.80 Million |
| ADX Energy Ltd (ADXRF) | $4.37 Million | -14.30% | 0.01x | $9.58 Million |
| ARC Resources Ltd. (AETUF) | $3.40 Billion | 7.09% | 0.69x | $10.30 Billion |
| Aminex PLC (AEXFF) | $7.53 Million | -11.90% | 0.27x | $77.17 Million |
| Aker BP ASA (AKRBF) | $12.69 Billion | 14.40% | 2.32x | $6.29 Billion |
| Arkanova Energy Corporation (AKVA) | $-35.51K | 0.00% | 0.00x | $4.92K |
| Allied Resources Inc (ALOD) | $2.39 Million | -3.81% | 0.14x | $428.76K |
| Altex Industries Inc (ALTX) | $2.60 Million | -10.61% | 0.15x | $1.08 Million |
| Alvopetro Energy Ltd (ALVOF) | $66.14 Million | -10.76% | 0.04x | $117.02 Million |
| AMEN Properties Inc (AMEN) | $15.55 Million | 14.30% | 0.08x | $4.94 Million |