Majestic Gold Corp
Majestic Gold Corp., a mining company, focuses on exploration, development, and operation of mining properties in China. The company primarily explores for gold ores. Its flagship project is the Songjiagou gold mine located in the Shandong Province of China. The company was incorporated in 1986 and is headquartered in Surrey, Canada.
Majestic Gold Corp (MJGCF) - Net Assets
Latest net assets as of September 2025: $184.65 Million USD
Based on the latest financial reports, Majestic Gold Corp (MJGCF) has net assets worth $184.65 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 ($274.64 Million) and total liabilities ($89.99 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 | $184.65 Million |
| % of Total Assets | 67.23% |
| Annual Growth Rate | 42.33% |
| 5-Year Change | 77.28% |
| 10-Year Change | 154.28% |
| Growth Volatility | 91.65 |
Majestic Gold Corp - Net Assets Trend (2001–2024)
This chart illustrates how Majestic Gold Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Majestic Gold Corp (2001–2024)
The table below shows the annual net assets of Majestic Gold Corp from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $159.72 Million | +4.87% |
| 2023-12-31 | $152.30 Million | +39.30% |
| 2022-12-31 | $109.33 Million | +17.80% |
| 2021-12-31 | $92.81 Million | +3.02% |
| 2020-12-31 | $90.09 Million | +29.16% |
| 2019-12-31 | $69.75 Million | -21.50% |
| 2018-12-31 | $88.86 Million | +28.56% |
| 2017-12-31 | $69.12 Million | +19.91% |
| 2016-12-31 | $57.64 Million | -8.23% |
| 2015-12-31 | $62.81 Million | -12.70% |
| 2014-12-31 | $71.95 Million | -10.24% |
| 2013-12-31 | $80.16 Million | +8.31% |
| 2012-12-31 | $74.01 Million | +88.51% |
| 2011-12-31 | $39.26 Million | +118.58% |
| 2010-12-31 | $17.96 Million | +45.85% |
| 2009-12-31 | $12.32 Million | -10.32% |
| 2008-12-31 | $13.73 Million | +5.36% |
| 2007-12-31 | $13.03 Million | +35.99% |
| 2006-12-31 | $9.58 Million | +36.88% |
| 2005-12-31 | $7.00 Million | +379.81% |
| 2004-12-31 | $1.46 Million | +163.44% |
| 2003-12-31 | $553.92K | +5836.55% |
| 2002-12-31 | $-9.66K | -120.28% |
| 2001-12-31 | $47.61K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Majestic Gold Corp'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 2203079819.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $122.76 Million | 113.74% |
| Other Comprehensive Income | $9.86 Million | 9.14% |
| Total Equity | $107.93 Million | 100.00% |
Majestic Gold Corp Competitors by Market Cap
The table below lists competitors of Majestic Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Steppe Gold Ltd
OTCQX:STPGF
|
$52.35 Million |
|
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 |
|
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 |
|
Wintermar Offshore Marine Tbk
JK:WINS
|
$52.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Majestic Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 105,204,918 to 107,930,847, a change of 2,725,929 (2.6%).
- Net income of 9,928,000 contributed positively to equity growth.
- Dividend payments of 5,072,562 reduced retained earnings.
- Other comprehensive income decreased equity by 266,189.
- Other factors decreased equity by 1,863,320.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $9.93 Million | +9.2% |
| Dividends Paid | $5.07 Million | -4.7% |
| Other Comprehensive Income | $-266.19K | -0.25% |
| Other Changes | $-1.86 Million | -1.73% |
| Total Change | $- | 2.59% |
Book Value vs Market Value Analysis
This analysis compares Majestic Gold Corp'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: 0.56x
- 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 8.38x to 0.56x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $0.01 | $0.06 | x |
| 2002-12-31 | $0.00 | $0.06 | x |
| 2003-12-31 | $0.03 | $0.06 | x |
| 2004-12-31 | $0.07 | $0.06 | x |
| 2005-12-31 | $0.20 | $0.06 | x |
| 2006-12-31 | $0.22 | $0.06 | x |
| 2007-12-31 | $0.28 | $0.06 | x |
| 2008-12-31 | $0.22 | $0.06 | x |
| 2009-12-31 | $0.07 | $0.06 | x |
| 2010-12-31 | $0.07 | $0.06 | x |
| 2011-12-31 | $0.08 | $0.06 | x |
| 2012-12-31 | $0.11 | $0.06 | x |
| 2013-12-31 | $0.07 | $0.06 | x |
| 2014-12-31 | $0.06 | $0.06 | x |
| 2015-12-31 | $0.06 | $0.06 | x |
| 2016-12-31 | $0.05 | $0.06 | x |
| 2017-12-31 | $0.06 | $0.06 | x |
| 2018-12-31 | $0.07 | $0.06 | x |
| 2019-12-31 | $0.06 | $0.06 | x |
| 2020-12-31 | $0.07 | $0.06 | x |
| 2021-12-31 | $0.08 | $0.06 | x |
| 2022-12-31 | $0.08 | $0.06 | x |
| 2023-12-31 | $0.10 | $0.06 | x |
| 2024-12-31 | $0.10 | $0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Majestic Gold Corp 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): 9.20%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.99%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 1.74x
- Recent ROE (9.20%) is above the historical average (-15.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -96.89% | 0.00% | 0.00x | 3.86x | $-50.89K |
| 2002 | 0.00% | 0.00% | 0.00x | 0.00x | $-245.03K |
| 2003 | -46.40% | 0.00% | 0.00x | 1.15x | $-312.39K |
| 2004 | -83.67% | 0.00% | 0.00x | 1.37x | $-1.37 Million |
| 2005 | -18.78% | 0.00% | 0.00x | 1.26x | $-2.02 Million |
| 2006 | -16.67% | 0.00% | 0.00x | 1.08x | $-2.56 Million |
| 2007 | -24.16% | 0.00% | 0.00x | 1.10x | $-4.45 Million |
| 2008 | -23.99% | 0.00% | 0.00x | 1.24x | $-4.67 Million |
| 2009 | -40.06% | 0.00% | 0.00x | 1.25x | $-6.17 Million |
| 2010 | -29.03% | -92.79% | 0.25x | 1.27x | $-6.88 Million |
| 2011 | -28.30% | -103.60% | 0.22x | 1.23x | $-14.93 Million |
| 2012 | -3.14% | -7.28% | 0.29x | 1.51x | $-9.64 Million |
| 2013 | -8.98% | -20.63% | 0.25x | 1.73x | $-11.52 Million |
| 2014 | -11.75% | -26.49% | 0.25x | 1.80x | $-11.68 Million |
| 2015 | -10.46% | -21.49% | 0.24x | 2.06x | $-9.50 Million |
| 2016 | -6.88% | -10.48% | 0.30x | 2.20x | $-7.15 Million |
| 2017 | 4.25% | 7.55% | 0.28x | 2.02x | $-3.01 Million |
| 2018 | 11.33% | 23.53% | 0.27x | 1.76x | $931.49K |
| 2019 | 3.00% | 5.99% | 0.33x | 1.53x | $-4.52 Million |
| 2020 | 12.29% | 18.01% | 0.41x | 1.65x | $1.76 Million |
| 2021 | 5.47% | 11.73% | 0.30x | 1.55x | $-3.73 Million |
| 2022 | 12.73% | 17.45% | 0.45x | 1.60x | $2.37 Million |
| 2023 | 7.18% | 13.74% | 0.29x | 1.78x | $-2.96 Million |
| 2024 | 9.20% | 13.99% | 0.38x | 1.74x | $-865.08K |
Industry Comparison
This section compares Majestic Gold Corp'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 |
|---|---|---|---|---|
| Majestic Gold Corp (MJGCF) | $184.65 Million | -96.89% | 0.49x | $52.34 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 |