Denison Mines Corp (DML) - Net Assets
Based on the latest financial reports, Denison Mines Corp (DML) has net assets worth CA$402.90 Million CAD (≈ $291.45 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 (CA$1.11 Billion ≈ $800.91 Million USD) and total liabilities (CA$704.27 Million ≈ $509.46 Million USD). 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. Check Denison Mines Corp liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$402.90 Million |
| % of Total Assets | 36.39% |
| Annual Growth Rate | 9.25% |
| 5-Year Change | 148.29% |
| 10-Year Change | 143.43% |
| Growth Volatility | 642.08 |
Denison Mines Corp - Net Assets Trend (1997–2024)
This chart illustrates how Denison Mines Corp's net assets have evolved over time, based on quarterly financial data. Also explore DML total asset value for the complete picture of this company's asset base.
Annual Net Assets for Denison Mines Corp (1997–2024)
The table below shows the annual net assets of Denison Mines Corp from 1997 to 2024. For live valuation and market cap data, see DML market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$564.32 Million ≈ $408.22 Million |
-12.07% |
| 2023-12-31 | CA$641.78 Million ≈ $464.26 Million |
+47.19% |
| 2022-12-31 | CA$436.02 Million ≈ $315.41 Million |
+9.91% |
| 2021-12-31 | CA$396.69 Million ≈ $286.96 Million |
+74.53% |
| 2020-12-31 | CA$227.28 Million ≈ $164.41 Million |
+8.15% |
| 2019-12-31 | CA$210.15 Million ≈ $152.02 Million |
-5.44% |
| 2018-12-31 | CA$222.25 Million ≈ $160.77 Million |
-3.58% |
| 2017-12-31 | CA$230.50 Million ≈ $166.74 Million |
-0.59% |
| 2016-12-31 | CA$231.86 Million ≈ $167.73 Million |
+0.02% |
| 2015-12-31 | CA$231.82 Million ≈ $167.70 Million |
-22.01% |
| 2014-12-31 | CA$297.25 Million ≈ $215.03 Million |
-0.38% |
| 2013-12-31 | CA$298.38 Million ≈ $215.84 Million |
+13.73% |
| 2012-12-31 | CA$262.36 Million ≈ $189.79 Million |
-43.50% |
| 2011-12-31 | CA$464.35 Million ≈ $335.91 Million |
-1.09% |
| 2010-12-31 | CA$469.48 Million ≈ $339.62 Million |
-38.43% |
| 2009-12-31 | CA$762.53 Million ≈ $551.60 Million |
+2.99% |
| 2008-12-31 | CA$740.36 Million ≈ $535.57 Million |
-6.11% |
| 2007-12-31 | CA$788.55 Million ≈ $570.42 Million |
+30.29% |
| 2006-12-31 | CA$605.23 Million ≈ $437.82 Million |
+3396.62% |
| 2005-12-31 | CA$17.31 Million ≈ $12.52 Million |
-38.17% |
| 2004-12-31 | CA$27.99 Million ≈ $20.25 Million |
+104.48% |
| 2003-12-31 | CA$13.69 Million ≈ $9.90 Million |
+109.25% |
| 2002-12-31 | CA$6.54 Million ≈ $4.73 Million |
+5.83% |
| 2001-12-31 | CA$6.18 Million ≈ $4.47 Million |
-38.89% |
| 2000-12-31 | CA$10.12 Million ≈ $7.32 Million |
-68.71% |
| 1999-12-31 | CA$32.33 Million ≈ $23.38 Million |
-45.72% |
| 1998-12-31 | CA$59.55 Million ≈ $43.08 Million |
+14.94% |
| 1997-12-31 | CA$51.81 Million ≈ $37.48 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Denison Mines 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 117600000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$1.67 Billion | 295.08% |
| Other Comprehensive Income | CA$1.82 Million | 0.32% |
| Other Components | CA$73.31 Million | 12.99% |
| Total Equity | CA$564.32 Million | 100.00% |
Denison Mines Corp Competitors by Market Cap
The table below lists competitors of Denison Mines Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CIA EN.GER. ADR 1
F:CIDS
|
$3.31 Billion |
|
Zhejiang Yongtai Technology Co Ltd
SHE:002326
|
$3.31 Billion |
|
WesBanco Inc
NASDAQ:WSBC
|
$3.32 Billion |
|
CI Financial Corp
TO:CIX
|
$3.32 Billion |
|
TELEPERFORMANCE SE ADR
F:RCF0
|
$3.31 Billion |
|
Bread Financial Holdings, Inc.
NYSE:BFH
|
$3.31 Billion |
|
Tasly Pharmaceutical Group Co Ltd
SHG:600535
|
$3.31 Billion |
|
Shanghai M&G Stationery Inc
SHG:603899
|
$3.31 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Denison Mines Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 641,784,000 to 564,322,000, a change of -77,462,000 (-12.1%).
- Net loss of 91,119,000 reduced equity.
- Share repurchases of 15,455,000 reduced equity.
- New share issuances of 14,082,000 increased equity.
- Other comprehensive income increased equity by 4,000.
- Other factors increased equity by 15,026,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-91.12 Million | -16.15% |
| Share Repurchases | CA$15.46 Million | -2.74% |
| Share Issuances | CA$14.08 Million | +2.5% |
| Other Comprehensive Income | CA$4.00K | +0.0% |
| Other Changes | CA$15.03 Million | +2.66% |
| Total Change | CA$- | -12.07% |
Book Value vs Market Value Analysis
This analysis compares Denison Mines 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: 8.06x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 5.58x to 8.06x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | CA$0.91 | CA$5.10 | x |
| 1998-12-31 | CA$0.74 | CA$5.10 | x |
| 1999-12-31 | CA$0.51 | CA$5.10 | x |
| 2000-12-31 | CA$0.16 | CA$5.10 | x |
| 2001-12-31 | CA$0.11 | CA$5.10 | x |
| 2002-12-31 | CA$0.10 | CA$5.10 | x |
| 2003-12-31 | CA$0.20 | CA$5.10 | x |
| 2004-12-31 | CA$0.36 | CA$5.10 | x |
| 2005-12-31 | CA$0.21 | CA$5.10 | x |
| 2006-12-31 | CA$5.52 | CA$5.10 | x |
| 2007-12-31 | CA$4.07 | CA$5.10 | x |
| 2008-12-31 | CA$3.89 | CA$5.10 | x |
| 2009-12-31 | CA$2.66 | CA$5.10 | x |
| 2010-12-31 | CA$1.38 | CA$5.10 | x |
| 2011-12-31 | CA$1.22 | CA$5.10 | x |
| 2012-12-31 | CA$0.68 | CA$5.10 | x |
| 2013-12-31 | CA$0.67 | CA$5.10 | x |
| 2014-12-31 | CA$0.60 | CA$5.10 | x |
| 2015-12-31 | CA$0.45 | CA$5.10 | x |
| 2016-12-31 | CA$0.44 | CA$5.10 | x |
| 2017-12-31 | CA$0.42 | CA$5.10 | x |
| 2018-12-31 | CA$0.39 | CA$5.10 | x |
| 2019-12-31 | CA$0.36 | CA$5.10 | x |
| 2020-12-31 | CA$0.36 | CA$5.10 | x |
| 2021-12-31 | CA$0.50 | CA$5.10 | x |
| 2022-12-31 | CA$0.53 | CA$5.10 | x |
| 2023-12-31 | CA$0.75 | CA$5.10 | x |
| 2024-12-31 | CA$0.63 | CA$5.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Denison Mines Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -16.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2264.95%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.18x
- Recent ROE (-16.15%) is above the historical average (-23.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 4.02% | 4.77% | 0.60x | 1.40x | CA$-3.56 Million |
| 1999 | -77.71% | -121.26% | 0.31x | 2.08x | CA$-28.35 Million |
| 2000 | -226.41% | -94.92% | 0.48x | 4.92x | CA$-23.91 Million |
| 2001 | -72.01% | -348.61% | 0.02x | 9.19x | CA$-5.07 Million |
| 2002 | 4.49% | 2.71% | 0.21x | 7.85x | CA$-360.66K |
| 2003 | 54.65% | 44.09% | 0.49x | 2.53x | CA$6.11 Million |
| 2004 | -24.57% | -208.12% | 0.06x | 1.92x | CA$-8.95 Million |
| 2005 | -76.91% | -8749.37% | 0.00x | 2.30x | CA$-15.04 Million |
| 2006 | -2.97% | -174.84% | 0.01x | 1.27x | CA$-67.42 Million |
| 2007 | 5.93% | 61.54% | 0.08x | 1.26x | CA$-32.07 Million |
| 2008 | -13.26% | -65.47% | 0.14x | 1.46x | CA$-172.19 Million |
| 2009 | -20.19% | -185.69% | 0.09x | 1.19x | CA$-230.19 Million |
| 2010 | -1.17% | -4.29% | 0.25x | 1.11x | CA$-52.45 Million |
| 2011 | -15.58% | -274.73% | 0.05x | 1.11x | CA$-118.79 Million |
| 2012 | -44.73% | -1060.16% | 0.04x | 1.14x | CA$-143.59 Million |
| 2013 | -30.18% | -803.74% | 0.03x | 1.19x | CA$-118.57 Million |
| 2014 | -12.38% | -329.59% | 0.03x | 1.22x | CA$-66.53 Million |
| 2015 | -30.86% | -406.95% | 0.06x | 1.27x | CA$-94.73 Million |
| 2016 | -10.04% | -125.37% | 0.06x | 1.26x | CA$-46.52 Million |
| 2017 | -7.70% | -127.81% | 0.04x | 1.41x | CA$-40.95 Million |
| 2018 | -13.53% | -193.42% | 0.05x | 1.40x | CA$-52.30 Million |
| 2019 | -8.63% | -116.67% | 0.05x | 1.43x | CA$-39.16 Million |
| 2020 | -7.16% | -112.90% | 0.04x | 1.41x | CA$-39.01 Million |
| 2021 | 4.78% | 94.88% | 0.04x | 1.29x | CA$-20.69 Million |
| 2022 | 3.29% | 159.97% | 0.02x | 1.18x | CA$-29.25 Million |
| 2023 | 14.08% | 4871.97% | 0.00x | 1.13x | CA$26.20 Million |
| 2024 | -16.15% | -2264.95% | 0.01x | 1.18x | CA$-147.55 Million |
Industry Comparison
This section compares Denison Mines Corp's net assets metrics with peer companies in the Uranium industry.
Industry Context
- Industry: Uranium
- Average net assets among peers: $606,115,802
- Average return on equity (ROE) among peers: -75.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Denison Mines Corp (DML) | CA$402.90 Million | 4.02% | 1.75x | $3.31 Billion |
| Azincourt Uranium Inc (AAZ) | $14.32 Million | -67.41% | 0.01x | $4.88 Million |
| Anfield Resources Inc (AEC) | $3.41 Million | -30.02% | 0.37x | $82.04 Million |
| Blue Sky Uranium Corp (BSK) | $-457.27K | 0.00% | 0.00x | $17.28 Million |
| Cameco Corp (CCO) | $5.39 Billion | 9.54% | 0.42x | $51.55 Billion |
| enCore Energy Corp. (EU) | $6.05 Million | -6.66% | 0.05x | $340.05 Million |
| Baselode Energy Corp (FIND) | $5.90 Million | -43.81% | 0.10x | $9.27 Million |
| Fission 3.0 Corp (FUU) | $11.57 Million | -39.72% | 0.01x | $86.84 Million |
| GoviEx Uranium Inc (GXU) | $19.62 Million | -118.05% | 2.36x | $31.42 Million |
| Indigo Exploration Inc. (IXI) | $174.56K | -380.63% | 0.85x | $2.16 Million |
About Denison Mines Corp
Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. It holds 95% interest in its flagship project Wheeler River uranium project located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp. in December 2006. Denison Min… Read more