MAS Gold Corp
MAS Gold Corp., an exploration stage company, engages in the exploration, evaluation, and development of mineral properties in Canada. It primarily explores for gold deposits. The company holds 100% interest in the Greywacke Lake property which consists of 16,078 hectares over 6 mineral claims, situated in the Trans-Hudson orogenic belt; and the Preview-North property that consists of 13 870.971 … Read more
MAS Gold Corp (MSGCF) - Net Assets
Latest net assets as of June 2024: $3.08 Million USD
Based on the latest financial reports, MAS Gold Corp (MSGCF) has net assets worth $3.08 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.65 Million) and total liabilities ($567.68K). 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 | $3.08 Million |
| % of Total Assets | 84.46% |
| Annual Growth Rate | 10.49% |
| 5-Year Change | 598.93% |
| 10-Year Change | 294.68% |
| Growth Volatility | 410.74 |
MAS Gold Corp - Net Assets Trend (1998–2023)
This chart illustrates how MAS 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 MAS Gold Corp (1998–2023)
The table below shows the annual net assets of MAS Gold Corp from 1998 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-09-30 | $3.26 Million | +1.44% |
| 2022-09-30 | $3.22 Million | +708.83% |
| 2021-09-30 | $397.87K | +1861.01% |
| 2020-09-30 | $20.29K | -95.66% |
| 2019-09-30 | $467.04K | -56.56% |
| 2018-09-30 | $1.08 Million | +33.25% |
| 2017-09-30 | $806.82K | -3.73% |
| 2016-09-30 | $838.09K | +23.73% |
| 2015-09-30 | $677.34K | -18.10% |
| 2014-09-30 | $827.08K | +379.88% |
| 2013-09-30 | $172.35K | -93.87% |
| 2012-09-30 | $2.81 Million | +89.35% |
| 2011-09-30 | $1.49 Million | -9.94% |
| 2010-09-30 | $1.65 Million | -8.89% |
| 2009-09-30 | $1.81 Million | -40.54% |
| 2008-09-30 | $3.05 Million | +7.33% |
| 2007-09-30 | $2.84 Million | +70.71% |
| 2006-09-30 | $1.66 Million | +36.89% |
| 2005-09-30 | $1.21 Million | +0.24% |
| 2004-09-30 | $1.21 Million | +22.97% |
| 2003-09-30 | $984.97K | -21.79% |
| 2002-09-30 | $1.26 Million | +66.56% |
| 2001-09-30 | $756.10K | -37.34% |
| 2000-09-30 | $1.21 Million | -48.35% |
| 1999-09-30 | $2.34 Million | +766.30% |
| 1998-09-30 | $269.67K | -- |
Equity Component Analysis
This analysis shows how different components contribute to MAS 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 2622273300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $33.47 Million | 1025.21% |
| Other Comprehensive Income | $2.26 Million | 69.30% |
| Other Components | $1.00 | 0.00% |
| Total Equity | $3.26 Million | 100.00% |
MAS Gold Corp Competitors by Market Cap
The table below lists competitors of MAS Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Orgabio Holdings Bhd
KLSE:0252
|
$2.12 Million |
|
PT Hetzer Medical Indonesia Tb
JK:MEDS
|
$2.12 Million |
|
Reliability Incorporated
PINK:RLBY
|
$2.12 Million |
|
Klimator AB
ST:KLIMAT
|
$2.12 Million |
|
America Great Health
PINK:AAGH
|
$2.12 Million |
|
Albion Resources Ltd
AU:ALB
|
$2.11 Million |
|
PT Hassana Boga Sejahtera Tbk
JK:NAYZ
|
$2.11 Million |
|
Exent Corp
PINK:EXNN
|
$2.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MAS Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 3,218,090 to 3,264,291, a change of 46,201 (1.4%).
- Net loss of 2,006,958 reduced equity.
- New share issuances of 1,882,732 increased equity.
- Other comprehensive income increased equity by 11,004.
- Other factors increased equity by 159,423.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.01 Million | -61.48% |
| Share Issuances | $1.88 Million | +57.68% |
| Other Comprehensive Income | $11.00K | +0.34% |
| Other Changes | $159.42K | +4.88% |
| Total Change | $- | 1.44% |
Book Value vs Market Value Analysis
This analysis compares MAS 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: 0.52x
- 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 increased from 0.00x to 0.52x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-09-30 | $3.41 | $0.01 | x |
| 1999-09-30 | $19.33 | $0.01 | x |
| 2000-09-30 | $7.61 | $0.01 | x |
| 2001-09-30 | $4.42 | $0.01 | x |
| 2002-09-30 | $6.06 | $0.01 | x |
| 2003-09-30 | $4.35 | $0.01 | x |
| 2004-09-30 | $4.37 | $0.01 | x |
| 2005-09-30 | $3.95 | $0.01 | x |
| 2006-09-30 | $2.00 | $0.01 | x |
| 2007-09-30 | $2.86 | $0.01 | x |
| 2008-09-30 | $1.59 | $0.01 | x |
| 2009-09-30 | $0.33 | $0.01 | x |
| 2010-09-30 | $0.10 | $0.01 | x |
| 2011-09-30 | $0.09 | $0.01 | x |
| 2012-09-30 | $0.12 | $0.01 | x |
| 2013-09-30 | $0.01 | $0.01 | x |
| 2014-09-30 | $0.02 | $0.01 | x |
| 2015-09-30 | $0.02 | $0.01 | x |
| 2016-09-30 | $0.02 | $0.01 | x |
| 2017-09-30 | $0.02 | $0.01 | x |
| 2018-09-30 | $0.02 | $0.01 | x |
| 2019-09-30 | $0.01 | $0.01 | x |
| 2020-09-30 | $0.00 | $0.01 | x |
| 2021-09-30 | $0.00 | $0.01 | x |
| 2022-09-30 | $0.01 | $0.01 | x |
| 2023-09-30 | $0.02 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MAS 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): -61.48%
- 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: 1.34x
- Recent ROE (-61.48%) is above the historical average (-325.57%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | -268.31% | -72353800.00% | 0.00x | 1.05x | $-750.50K |
| 1999 | -18.13% | -42354500.00% | 0.00x | 1.06x | $-657.16K |
| 2000 | -85.34% | -102982800.00% | 0.00x | 1.04x | $-1.15 Million |
| 2001 | -115.57% | -87384600.00% | 0.00x | 1.12x | $-949.46K |
| 2002 | -23.78% | 0.00% | 0.00x | 1.08x | $-425.37K |
| 2003 | -65.69% | 0.00% | 0.00x | 1.03x | $-745.56K |
| 2004 | -26.55% | 0.00% | 0.00x | 1.01x | $-442.73K |
| 2005 | -23.19% | 0.00% | 0.00x | 1.08x | $-402.97K |
| 2006 | -15.99% | 0.00% | 0.00x | 1.03x | $-432.03K |
| 2007 | -21.50% | 0.00% | 0.00x | 1.02x | $-893.71K |
| 2008 | -29.94% | 0.00% | 0.00x | 1.34x | $-1.22 Million |
| 2009 | -149.14% | 0.00% | 0.00x | 1.03x | $-2.88 Million |
| 2010 | -14.19% | 0.00% | 0.00x | 1.08x | $-399.11K |
| 2011 | -4.14% | 0.00% | 0.00x | 1.05x | $-210.05K |
| 2012 | 1.49% | 0.00% | 0.00x | 1.11x | $-239.40K |
| 2013 | -913.54% | 0.00% | 0.00x | 11.60x | $-1.59 Million |
| 2014 | 37.58% | 16.12% | 1.59x | 1.47x | $228.07K |
| 2015 | -22.11% | 0.00% | 0.00x | 1.31x | $-217.47K |
| 2016 | -15.32% | 0.00% | 0.00x | 1.04x | $-212.20K |
| 2017 | -9.19% | 0.00% | 0.00x | 1.10x | $-154.79K |
| 2018 | -34.11% | 0.00% | 0.00x | 1.03x | $-474.21K |
| 2019 | -220.49% | 0.00% | 0.00x | 1.90x | $-1.08 Million |
| 2020 | -4464.86% | 0.00% | 0.00x | 44.38x | $-907.90K |
| 2021 | -1802.58% | 0.00% | 0.00x | 5.48x | $-7.21 Million |
| 2022 | -98.74% | 0.00% | 0.00x | 1.39x | $-3.50 Million |
| 2023 | -61.48% | 0.00% | 0.00x | 1.34x | $-2.33 Million |
Industry Comparison
This section compares MAS Gold Corp's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $411,687,235
- Average return on equity (ROE) among peers: -119.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MAS Gold Corp (MSGCF) | $3.08 Million | -268.31% | 0.18x | $2.12 Million |
| Almadex Minerals Ltd (AAMMF) | $5.73 Million | 6.70% | 0.01x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $416.30 Million | -27.78% | 2.17x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $10.03 Million | -13.48% | 0.17x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $19.90 Million | -2.53% | 0.04x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $65.44K | -173.09% | 0.37x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $413.79K | -494.09% | 0.29x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $3.67 Billion | 9.39% | 0.50x | $98.30 Billion |
| Affinity Gold Corp (AFYG) | $241.37K | -497.12% | 0.10x | $4.68K |
| Andes Gold Corp (AGCZ) | $-555.77K | 0.00% | 0.00x | $0.94 |
| Antioquia Gold Inc (AGDXF) | $-702.21K | 0.00% | 0.00x | $1.44 Million |