Erdene Resource Development Corp (ERD) - Net Assets
Based on the latest financial reports, Erdene Resource Development Corp (ERD) has net assets worth CA$54.32 Million CAD (≈ $39.30 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$55.88 Million ≈ $40.42 Million USD) and total liabilities (CA$1.55 Million ≈ $1.12 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 how resilient are Erdene Resource Development Corp's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$54.32 Million |
| % of Total Assets | 97.22% |
| Annual Growth Rate | 34.57% |
| 5-Year Change | 47.72% |
| 10-Year Change | 2888.69% |
| Growth Volatility | 220.83 |
Erdene Resource Development Corp - Net Assets Trend (2001–2024)
This chart illustrates how Erdene Resource Development Corp's net assets have evolved over time, based on quarterly financial data. Also explore Erdene Resource Development Corp asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Erdene Resource Development Corp (2001–2024)
The table below shows the annual net assets of Erdene Resource Development Corp from 2001 to 2024. For live valuation and market cap data, see market value of Erdene Resource Development Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$62.22 Million ≈ $45.01 Million |
+5.67% |
| 2023-12-31 | CA$58.88 Million ≈ $42.59 Million |
+14.05% |
| 2022-12-31 | CA$51.62 Million ≈ $37.34 Million |
+12.88% |
| 2021-12-31 | CA$45.73 Million ≈ $33.08 Million |
+8.58% |
| 2020-12-31 | CA$42.12 Million ≈ $30.47 Million |
+110.79% |
| 2019-12-31 | CA$19.98 Million ≈ $14.45 Million |
+14.28% |
| 2018-12-31 | CA$17.48 Million ≈ $12.65 Million |
+18.50% |
| 2017-12-31 | CA$14.75 Million ≈ $10.67 Million |
+258.92% |
| 2016-12-31 | CA$4.11 Million ≈ $2.97 Million |
+97.47% |
| 2015-12-31 | CA$2.08 Million ≈ $1.51 Million |
-80.36% |
| 2014-12-31 | CA$10.60 Million ≈ $7.67 Million |
-7.19% |
| 2013-12-31 | CA$11.42 Million ≈ $8.26 Million |
-9.90% |
| 2012-12-31 | CA$12.68 Million ≈ $9.17 Million |
-68.61% |
| 2011-12-31 | CA$40.38 Million ≈ $29.21 Million |
-18.96% |
| 2010-12-31 | CA$49.84 Million ≈ $36.05 Million |
-5.04% |
| 2009-12-31 | CA$52.48 Million ≈ $37.96 Million |
-2.92% |
| 2008-12-31 | CA$54.06 Million ≈ $39.11 Million |
+32.79% |
| 2007-12-31 | CA$40.71 Million ≈ $29.45 Million |
+31.65% |
| 2006-12-31 | CA$30.92 Million ≈ $22.37 Million |
+385.45% |
| 2005-12-31 | CA$6.37 Million ≈ $4.61 Million |
-31.18% |
| 2004-12-31 | CA$9.26 Million ≈ $6.70 Million |
+126.58% |
| 2003-12-31 | CA$4.09 Million ≈ $2.96 Million |
+913.37% |
| 2002-12-31 | CA$403.17K ≈ $291.65K |
+499.45% |
| 2001-12-31 | CA$67.26K ≈ $48.65K |
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Equity Component Analysis
This analysis shows how different components contribute to Erdene Resource Development 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 13655883000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$165.59 Million | 266.15% |
| Other Comprehensive Income | CA$2.73 Million | 4.38% |
| Other Components | CA$30.66 Million | 49.27% |
| Total Equity | CA$62.22 Million | 100.00% |
Erdene Resource Development Corp Competitors by Market Cap
The table below lists competitors of Erdene Resource Development Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bait Bakfar Ltd
TA:BKFR
|
$279.17 Million |
|
Siyaram Silk Mills Limited
NSE:SIYSIL
|
$279.21 Million |
|
Agung Podomoro Land Tbk
JK:APLN
|
$279.32 Million |
|
Shin Hai Gas Corp
TW:9926
|
$279.37 Million |
|
Chia Hsin Cement Corp
TW:1103
|
$279.15 Million |
|
Genomictree Inc.
KQ:228760
|
$279.13 Million |
|
SRINANAPORN MARKETING
BK:SNNP-R
|
$279.12 Million |
|
Arlandastad Group AB
ST:AGROUP
|
$279.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Erdene Resource Development Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 58,876,795 to 62,217,362, a change of 3,340,567 (5.7%).
- Net loss of 8,245,886 reduced equity.
- Share repurchases of 6,438,430 reduced equity.
- Other comprehensive income increased equity by 3,575,180.
- Other factors increased equity by 14,449,703.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-8.25 Million | -13.25% |
| Share Repurchases | CA$6.44 Million | -10.35% |
| Other Comprehensive Income | CA$3.58 Million | +5.75% |
| Other Changes | CA$14.45 Million | +23.22% |
| Total Change | CA$- | 5.67% |
Book Value vs Market Value Analysis
This analysis compares Erdene Resource Development 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: 33.32x
- 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 decreased from 122.05x to 33.32x 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 | CA$0.05 | CA$5.95 | x |
| 2002-12-31 | CA$0.53 | CA$5.95 | x |
| 2003-12-31 | CA$1.85 | CA$5.95 | x |
| 2004-12-31 | CA$0.80 | CA$5.95 | x |
| 2005-12-31 | CA$0.47 | CA$5.95 | x |
| 2006-12-31 | CA$1.46 | CA$5.95 | x |
| 2007-12-31 | CA$1.31 | CA$5.95 | x |
| 2008-12-31 | CA$1.34 | CA$5.95 | x |
| 2009-12-31 | CA$1.17 | CA$5.95 | x |
| 2010-12-31 | CA$1.12 | CA$5.95 | x |
| 2011-12-31 | CA$0.94 | CA$5.95 | x |
| 2012-12-31 | CA$0.26 | CA$5.95 | x |
| 2013-12-31 | CA$0.19 | CA$5.95 | x |
| 2014-12-31 | CA$0.14 | CA$5.95 | x |
| 2015-12-31 | CA$0.02 | CA$5.95 | x |
| 2016-12-31 | CA$0.04 | CA$5.95 | x |
| 2017-12-31 | CA$0.10 | CA$5.95 | x |
| 2018-12-31 | CA$0.11 | CA$5.95 | x |
| 2019-12-31 | CA$0.11 | CA$5.95 | x |
| 2020-12-31 | CA$0.19 | CA$5.95 | x |
| 2021-12-31 | CA$0.17 | CA$5.95 | x |
| 2022-12-31 | CA$0.17 | CA$5.95 | x |
| 2023-12-31 | CA$0.17 | CA$5.95 | x |
| 2024-12-31 | CA$0.18 | CA$5.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Erdene Resource Development Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -13.25%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.01x
- Recent ROE (-13.25%) is above the historical average (-67.36%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -451.28% | -21993.84% | 0.01x | 1.51x | CA$-310.24K |
| 2002 | -18.89% | -45053.85% | 0.00x | 1.10x | CA$-116.46K |
| 2003 | -15.40% | -7364.68% | 0.00x | 1.02x | CA$-1.04 Million |
| 2004 | -47.93% | -2245.47% | 0.02x | 1.02x | CA$-5.36 Million |
| 2005 | -78.20% | 0.00% | 0.00x | 1.04x | CA$-5.62 Million |
| 2006 | -14.76% | -1824.73% | 0.01x | 1.11x | CA$-7.66 Million |
| 2007 | -16.34% | -2488.20% | 0.01x | 1.15x | CA$-10.72 Million |
| 2008 | -6.65% | 0.00% | 0.00x | 1.12x | CA$-9.00 Million |
| 2009 | -4.17% | 0.00% | 0.00x | 1.12x | CA$-7.40 Million |
| 2010 | -7.17% | -677.48% | 0.01x | 1.12x | CA$-8.54 Million |
| 2011 | -27.94% | -1343.56% | 0.02x | 1.10x | CA$-16.11 Million |
| 2012 | -55.60% | 0.00% | 0.00x | 1.05x | CA$-8.32 Million |
| 2013 | -24.17% | 0.00% | 0.00x | 1.01x | CA$-3.90 Million |
| 2014 | -24.68% | 0.00% | 0.00x | 1.03x | CA$-3.68 Million |
| 2015 | -605.62% | 0.00% | 0.00x | 1.21x | CA$-12.82 Million |
| 2016 | -60.81% | 0.00% | 0.00x | 1.04x | CA$-2.91 Million |
| 2017 | -27.30% | 0.00% | 0.00x | 1.01x | CA$-5.50 Million |
| 2018 | -20.92% | 0.00% | 0.00x | 1.01x | CA$-5.41 Million |
| 2019 | -14.26% | 0.00% | 0.00x | 1.35x | CA$-4.85 Million |
| 2020 | -35.09% | 0.00% | 0.00x | 1.02x | CA$-18.99 Million |
| 2021 | -12.20% | 0.00% | 0.00x | 1.02x | CA$-10.15 Million |
| 2022 | -34.85% | 0.00% | 0.00x | 1.02x | CA$-23.15 Million |
| 2023 | 0.89% | 0.00% | 0.00x | 1.00x | CA$-5.37 Million |
| 2024 | -13.25% | 0.00% | 0.00x | 1.01x | CA$-14.47 Million |
Industry Comparison
This section compares Erdene Resource Development Corp's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $2,951,711
- Average return on equity (ROE) among peers: -34.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Erdene Resource Development Corp (ERD) | CA$54.32 Million | -451.28% | 0.03x | $279.17 Million |
| Aftermath Silver Ltd (AAG) | $861.81K | -122.73% | 0.30x | $185.75 Million |
| Aton Resources Inc (AAN) | $-5.02 Million | 0.00% | 0.00x | $49.79 Million |
| Arbor Metals Corp (ABR) | $805.58K | -20.73% | 0.03x | $10.75 Million |
| Asiabasemetals Inc (ABZ) | $557.59K | -47.89% | 0.13x | $4.67 Million |
| Adex Mining Inc (ADE) | $11.96 Million | -14.72% | 0.26x | $27.09 Million |
| Alphamin Res (AFM) | $1.06 Million | -49.21% | 0.19x | $1.30 Billion |
| Silver X Mining Corp (AGX) | $18.90 Million | -23.55% | 1.85x | $148.73 Million |
| Amarc Resources Ltd. (AHR) | $14.00 Million | 5.93% | 0.01x | $148.33 Million |
| Almonty Industries Inc (AII) | $169.13K | -68.35% | 0.10x | $4.73 Billion |
| Aldebaran Resources Inc (ALDE) | $-13.79 Million | 0.00% | 0.00x | $332.39 Million |
About Erdene Resource Development Corp
Erdene Resource Development Corporation focuses on the exploration and development of precious and base metal deposits in Mongolia. The company explores for copper, molybdenum, gold, silver, lead, and zinc deposits. The company was formerly known as Erdene Gold Inc. and changed its name to Erdene Resource Development Corporation in May 2008. Erdene Resource Development Corporation was incorporate… Read more