Red Eagle Mining Corporation
Red Eagle Mining Corporation engages in the exploration and development of mineral properties in Canada and Colombia. The company owns 100% interest in the Santa Rosa Gold Project located in Antioquia, Colombia, as well as holds 100% interests in the Vetas Gold, California Gold, and Santa Ana Silver Projects. Red Eagle Mining Corporation was incorporated in 2010 and is headquartered in Vancouver,… Read more
Red Eagle Mining Corporation (RDEMF) - Net Assets
Latest net assets as of June 2018: $996.00K USD
Based on the latest financial reports, Red Eagle Mining Corporation (RDEMF) has net assets worth $996.00K USD as of June 2018.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($115.22 Million) and total liabilities ($114.22 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 | $996.00K |
| % of Total Assets | 0.86% |
| Annual Growth Rate | 42.18% |
| 5-Year Change | 2238.48% |
| 10-Year Change | N/A |
| Growth Volatility | 88.07 |
Red Eagle Mining Corporation - Net Assets Trend (2010–2017)
This chart illustrates how Red Eagle Mining Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Red Eagle Mining Corporation (2010–2017)
The table below shows the annual net assets of Red Eagle Mining Corporation from 2010 to 2017.
| Year | Net Assets | Change |
|---|---|---|
| 2017-12-31 | $75.73 Million | +102.07% |
| 2016-12-31 | $37.47 Million | +79.44% |
| 2015-12-31 | $20.88 Million | +2818.14% |
| 2014-12-31 | $-768.30K | -123.73% |
| 2013-12-31 | $3.24 Million | -75.93% |
| 2012-12-31 | $13.45 Million | +4.52% |
| 2011-12-31 | $12.87 Million | +99.75% |
| 2010-12-31 | $6.44 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Red Eagle Mining Corporation'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 6143000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2017)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $114.91 Million | 159.27% |
| Other Comprehensive Income | $-1.80 Million | -2.50% |
| Other Components | $20.47 Million | 28.37% |
| Total Equity | $72.15 Million | 100.00% |
Red Eagle Mining Corporation Competitors by Market Cap
The table below lists competitors of Red Eagle Mining Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Daewon Cable Co. Ltd.
KQ:006340
|
$40.12K |
|
Ideanomics Inc
NASDAQ:IDEX
|
$40.14K |
|
SANATHAN TEXTILES LIMITED
NSE:SANATHAN
|
$40.18K |
|
Hanan Mor
TA:HNMR
|
$40.22K |
|
TRICAN WELL SVC (TWZ.SG)
STU:TWZ
|
$40.11K |
|
Ridgefield Acquisition Corp
PINK:RDGA
|
$40.09K |
|
180 DEGREE CAP. DL-01
F:HH20
|
$40.05K |
|
CITY OF LON INV
BE:W8T
|
$40.03K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Red Eagle Mining Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2016 to 2017, total equity changed from 36,881,548 to 72,147,000, a change of 35,265,452 (95.6%).
- Net loss of 15,896,855 reduced equity.
- Other comprehensive income decreased equity by 1,300,409.
- Other factors increased equity by 52,462,716.
Equity Change Factors (2016 to 2017)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-15.90 Million | -22.03% |
| Other Comprehensive Income | $-1.30 Million | -1.8% |
| Other Changes | $52.46 Million | +72.72% |
| Total Change | $- | 95.62% |
Book Value vs Market Value Analysis
This analysis compares Red Eagle Mining Corporation'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: 0.00x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $0.00 | $0.00 | x |
| 2015-12-31 | $0.13 | $0.00 | x |
| 2016-12-31 | $0.17 | $0.00 | x |
| 2017-12-31 | $0.24 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Red Eagle Mining Corporation 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): -22.03%
- 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: 2.29x
- Recent ROE (-22.03%) is above the historical average (-45.76%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 0.00% | 0.00% | 0.00x | 0.99x | $-666.90K |
| 2011 | 0.00% | 0.00% | 0.00x | 1.00x | $-1.37 Million |
| 2012 | 0.00% | 0.00% | 0.00x | 1.38x | $-1.49 Million |
| 2013 | -299.72% | 0.00% | 0.00x | 1.72x | $-9.47 Million |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $-8.69 Million |
| 2015 | -27.92% | 0.00% | 0.00x | 2.70x | $-6.32 Million |
| 2016 | -16.38% | 0.00% | 0.00x | 3.31x | $-9.73 Million |
| 2017 | -22.03% | 0.00% | 0.00x | 2.29x | $-23.11 Million |
Industry Comparison
This section compares Red Eagle Mining Corporation'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 |
|---|---|---|---|---|
| Red Eagle Mining Corporation (RDEMF) | $996.00K | 0.00% | 114.68x | $40.12K |
| 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 |