Victoria Gold Corp
Victoria Gold Corp. acquires, explores, and operates mineral properties in Canada and the United States. The company primarily explores for gold deposits. Its flagship property is 100% owned Dublin Gulch property, which hosts the Eagle and Olive Gold deposit covering an area of approximately 555 square kilometers located in central Yukon, Canada. The company was formerly known as Victoria Resourc… Read more
Victoria Gold Corp (VITFF) - Net Assets
Latest net assets as of March 2024: $588.92 Million USD
Based on the latest financial reports, Victoria Gold Corp (VITFF) has net assets worth $588.92 Million USD as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.04 Billion) and total liabilities ($446.24 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 | $588.92 Million |
| % of Total Assets | 56.89% |
| Annual Growth Rate | 26.65% |
| 5-Year Change | 87.33% |
| 10-Year Change | 374.6% |
| Growth Volatility | 72.16 |
Victoria Gold Corp - Net Assets Trend (1996–2023)
This chart illustrates how Victoria 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 Victoria Gold Corp (1996–2023)
The table below shows the annual net assets of Victoria Gold Corp from 1996 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $589.38 Million | +8.31% |
| 2022-12-31 | $544.19 Million | +10.35% |
| 2021-12-31 | $493.13 Million | +32.54% |
| 2020-12-31 | $372.07 Million | +18.26% |
| 2019-12-31 | $314.63 Million | +7.91% |
| 2018-12-31 | $291.58 Million | +52.33% |
| 2017-12-31 | $191.41 Million | +3.68% |
| 2016-12-31 | $184.63 Million | +46.35% |
| 2015-12-31 | $126.15 Million | +1.59% |
| 2014-12-31 | $124.18 Million | -5.02% |
| 2013-12-31 | $130.76 Million | -1.68% |
| 2012-12-31 | $132.99 Million | +9.16% |
| 2011-12-31 | $121.84 Million | +17.72% |
| 2010-12-31 | $103.49 Million | +45.66% |
| 2009-12-31 | $71.05 Million | +94.49% |
| 2008-12-31 | $36.53 Million | +1.77% |
| 2007-12-31 | $35.89 Million | +76.57% |
| 2006-12-31 | $20.33 Million | +55.39% |
| 2005-12-31 | $13.08 Million | +45.45% |
| 2004-12-31 | $8.99 Million | +328.40% |
| 2003-12-31 | $2.10 Million | +673.77% |
| 2002-12-31 | $-365.92K | -151.59% |
| 2001-12-31 | $-145.44K | -110.50% |
| 2000-12-31 | $1.39 Million | +77.94% |
| 1999-12-31 | $778.63K | -7.81% |
| 1998-12-31 | $844.56K | -10.31% |
| 1997-12-31 | $941.67K | -5.93% |
| 1996-12-31 | $1.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Victoria 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 grown by 12428814100.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $121.84 Million | 20.67% |
| Other Components | $467.54 Million | 79.33% |
| Total Equity | $589.38 Million | 100.00% |
Victoria Gold Corp Competitors by Market Cap
The table below lists competitors of Victoria Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nha Be Water Supply JSC
VN:NBW
|
$13.55K |
|
Hatton National Bank PLC
CM:HNBN0000
|
$13.56K |
|
Hortico S.A.
WAR:HOR
|
$13.56K |
|
76ID
LSE:76ID
|
$13.58K |
|
Yuanta 9 Special Purpose Acquisition Co.
KO:430700
|
$13.54K |
|
Pintel Co. Ltd.
KO:291810
|
$13.54K |
|
Faisal Spinning Mills Ltd
KAR:FASM
|
$13.53K |
|
Alpine 4 Holdings Inc
NASDAQ:ALPP
|
$13.53K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Victoria Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 544,186,000 to 589,381,000, a change of 45,195,000 (8.3%).
- Net income of 25,139,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 2,517,000.
- Other factors increased equity by 17,539,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $25.14 Million | +4.27% |
| Other Comprehensive Income | $2.52 Million | +0.43% |
| Other Changes | $17.54 Million | +2.98% |
| Total Change | $- | 8.31% |
Book Value vs Market Value Analysis
This analysis compares Victoria 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: 0.04x
- 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 3.19x to 0.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | $0.11 | $0.35 | x |
| 1997-12-31 | $0.10 | $0.35 | x |
| 1998-12-31 | $0.09 | $0.35 | x |
| 1999-12-31 | $0.09 | $0.35 | x |
| 2000-12-31 | $0.14 | $0.35 | x |
| 2001-12-31 | $-0.01 | $0.35 | x |
| 2002-12-31 | $-0.03 | $0.35 | x |
| 2003-12-31 | $0.06 | $0.35 | x |
| 2004-12-31 | $0.21 | $0.35 | x |
| 2005-12-31 | $0.25 | $0.35 | x |
| 2006-12-31 | $0.32 | $0.35 | x |
| 2007-12-31 | $0.38 | $0.35 | x |
| 2008-12-31 | $0.36 | $0.35 | x |
| 2009-12-31 | $0.38 | $0.35 | x |
| 2010-12-31 | $0.41 | $0.35 | x |
| 2011-12-31 | $0.41 | $0.35 | x |
| 2012-12-31 | $0.39 | $0.35 | x |
| 2013-12-31 | $0.38 | $0.35 | x |
| 2014-12-31 | $0.36 | $0.35 | x |
| 2015-12-31 | $0.37 | $0.35 | x |
| 2016-12-31 | $0.40 | $0.35 | x |
| 2017-12-31 | $0.37 | $0.35 | x |
| 2018-12-31 | $5.86 | $0.35 | x |
| 2019-12-31 | $6.32 | $0.35 | x |
| 2020-12-31 | $5.69 | $0.35 | x |
| 2021-12-31 | $7.36 | $0.35 | x |
| 2022-12-31 | $8.45 | $0.35 | x |
| 2023-12-31 | $8.86 | $0.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Victoria 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): 4.27%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.03%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 1.73x
- Recent ROE (4.27%) is above the historical average (-4.24%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | -6.54% | 0.00% | 0.00x | 1.02x | $-165.54K |
| 1997 | -6.50% | 0.00% | 0.00x | 1.02x | $-155.33K |
| 1998 | -11.50% | 0.00% | 0.00x | 1.19x | $-181.57K |
| 1999 | -8.47% | 0.00% | 0.00x | 1.16x | $-143.79K |
| 2000 | -6.25% | 0.00% | 0.00x | 1.16x | $-225.11K |
| 2001 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.52 Million |
| 2002 | 0.00% | 0.00% | 0.00x | 0.00x | $-220.98K |
| 2003 | -32.18% | 0.00% | 0.00x | 1.56x | $-885.64K |
| 2004 | -4.81% | 0.00% | 0.00x | 1.26x | $-1.33 Million |
| 2005 | -2.62% | 0.00% | 0.00x | 1.19x | $-1.65 Million |
| 2006 | -17.46% | 0.00% | 0.00x | 1.13x | $-5.58 Million |
| 2007 | -4.22% | 0.00% | 0.00x | 1.03x | $-5.10 Million |
| 2008 | -27.65% | 0.00% | 0.00x | 1.02x | $-13.75 Million |
| 2009 | -8.73% | 0.00% | 0.00x | 1.07x | $-13.31 Million |
| 2010 | -2.47% | 0.00% | 0.00x | 1.03x | $-12.91 Million |
| 2011 | -4.57% | 0.00% | 0.00x | 1.05x | $-17.76 Million |
| 2012 | 7.25% | 0.00% | 0.00x | 1.08x | $-3.65 Million |
| 2013 | -2.54% | 0.00% | 0.00x | 1.06x | $-16.40 Million |
| 2014 | -6.00% | 0.00% | 0.00x | 1.06x | $-19.87 Million |
| 2015 | -1.45% | 0.00% | 0.00x | 1.06x | $-14.45 Million |
| 2016 | -0.40% | 0.00% | 0.00x | 1.02x | $-19.20 Million |
| 2017 | -1.66% | 0.00% | 0.00x | 1.04x | $-22.32 Million |
| 2018 | -4.11% | 0.00% | 0.00x | 1.79x | $-41.13 Million |
| 2019 | -3.81% | 0.00% | 0.00x | 2.18x | $-43.44 Million |
| 2020 | 4.07% | 8.33% | 0.23x | 2.12x | $-21.67 Million |
| 2021 | 22.90% | 31.06% | 0.40x | 1.84x | $62.37 Million |
| 2022 | 6.70% | 11.33% | 0.32x | 1.87x | $-17.95 Million |
| 2023 | 4.27% | 6.03% | 0.41x | 1.73x | $-33.80 Million |
Industry Comparison
This section compares Victoria 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 |
|---|---|---|---|---|
| Victoria Gold Corp (VITFF) | $588.92 Million | -6.54% | 0.76x | $13.54K |
| 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 |