Forsys Metals Corp. (FSY) - Net Assets
Based on the latest financial reports, Forsys Metals Corp. (FSY) has net assets worth CA$25.91 Million CAD (≈ $18.74 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$26.27 Million ≈ $19.00 Million USD) and total liabilities (CA$358.54K ≈ $259.36K 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 FSY goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$25.91 Million |
| % of Total Assets | 98.63% |
| Annual Growth Rate | 15.67% |
| 5-Year Change | 51.44% |
| 10-Year Change | -75.18% |
| Growth Volatility | 206.79 |
Forsys Metals Corp. - Net Assets Trend (1997–2024)
This chart illustrates how Forsys Metals Corp.'s net assets have evolved over time, based on quarterly financial data. See FSY defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Forsys Metals Corp. (1997–2024)
The table below shows the annual net assets of Forsys Metals Corp. from 1997 to 2024. For live valuation and market cap data, see Forsys Metals Corp. (FSY) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$21.28 Million ≈ $15.40 Million |
-4.30% |
| 2023-12-31 | CA$22.24 Million ≈ $16.09 Million |
-11.64% |
| 2022-12-31 | CA$25.17 Million ≈ $18.21 Million |
+1.55% |
| 2021-12-31 | CA$24.79 Million ≈ $17.93 Million |
+76.37% |
| 2020-12-31 | CA$14.05 Million ≈ $10.17 Million |
-4.69% |
| 2019-12-31 | CA$14.74 Million ≈ $10.67 Million |
-4.52% |
| 2018-12-31 | CA$15.44 Million ≈ $11.17 Million |
-0.77% |
| 2017-12-31 | CA$15.56 Million ≈ $11.26 Million |
-82.42% |
| 2016-12-31 | CA$88.50 Million ≈ $64.02 Million |
+3.22% |
| 2015-12-31 | CA$85.75 Million ≈ $62.03 Million |
-4.80% |
| 2014-12-31 | CA$90.07 Million ≈ $65.16 Million |
-0.23% |
| 2013-12-31 | CA$90.28 Million ≈ $65.31 Million |
-9.62% |
| 2012-12-31 | CA$99.89 Million ≈ $72.26 Million |
+7.64% |
| 2011-12-31 | CA$92.80 Million ≈ $67.13 Million |
-4.04% |
| 2010-12-31 | CA$96.70 Million ≈ $69.95 Million |
-0.84% |
| 2009-12-31 | CA$97.53 Million ≈ $70.55 Million |
+3.49% |
| 2008-12-31 | CA$94.24 Million ≈ $68.17 Million |
-4.42% |
| 2007-12-31 | CA$98.60 Million ≈ $71.33 Million |
+334.76% |
| 2006-12-31 | CA$22.68 Million ≈ $16.41 Million |
+30.31% |
| 2005-12-31 | CA$17.40 Million ≈ $12.59 Million |
+1003.80% |
| 2004-12-31 | CA$1.58 Million ≈ $1.14 Million |
+1842.90% |
| 2003-12-31 | CA$-90.47K ≈ $-65.44K |
-147.42% |
| 2002-12-31 | CA$190.79K ≈ $138.02K |
-44.98% |
| 2001-12-31 | CA$346.77K ≈ $250.85K |
-51.63% |
| 2000-12-31 | CA$716.88K ≈ $518.58K |
+19.15% |
| 1999-12-31 | CA$601.67K ≈ $435.24K |
-1.29% |
| 1998-12-31 | CA$609.51K ≈ $440.91K |
+45.88% |
| 1997-12-31 | CA$417.81K ≈ $302.24K |
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Equity Component Analysis
This analysis shows how different components contribute to Forsys Metals 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 18448255300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$176.21 Million | 827.96% |
| Other Comprehensive Income | CA$-20.36 Million | -95.66% |
| Other Components | CA$50.18 Million | 235.80% |
| Total Equity | CA$21.28 Million | 100.00% |
Forsys Metals Corp. Competitors by Market Cap
The table below lists competitors of Forsys Metals Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gan Shmuel
TA:GSFI
|
$93.83 Million |
|
LUDWIG BECK am Rathauseck - Textilhaus Feldmeier AG
XETRA:ECK
|
$93.85 Million |
|
mPLUS Corp
KQ:259630
|
$93.88 Million |
|
Bank Pembangunan Timur Tbk
JK:BJTM
|
$93.89 Million |
|
PT Mulia Industrindo Tbk
JK:MLIA
|
$93.80 Million |
|
Euro India Fresh Foods Limited
NSE:EIFFL
|
$93.79 Million |
|
MCOT Public Company Limited
F:OLU1
|
$93.79 Million |
|
Mahachai Hospital Public Company Limited
BK:M-CHAI
|
$93.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Forsys Metals Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 22,238,984 to 21,282,174, a change of -956,810 (-4.3%).
- Net loss of 2,661,000 reduced equity.
- Share repurchases of 629,000 reduced equity.
- Other comprehensive income increased equity by 731,506.
- Other factors increased equity by 1,601,684.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-2.66 Million | -12.5% |
| Share Repurchases | CA$629.00K | -2.96% |
| Other Comprehensive Income | CA$731.51K | +3.44% |
| Other Changes | CA$1.60 Million | +7.53% |
| Total Change | CA$- | -4.30% |
Book Value vs Market Value Analysis
This analysis compares Forsys Metals 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: 4.89x
- 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 1.00x to 4.89x 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$0.53 | CA$0.53 | x |
| 1998-12-31 | CA$0.77 | CA$0.53 | x |
| 1999-12-31 | CA$0.57 | CA$0.53 | x |
| 2000-12-31 | CA$0.67 | CA$0.53 | x |
| 2001-12-31 | CA$0.14 | CA$0.53 | x |
| 2002-12-31 | CA$0.08 | CA$0.53 | x |
| 2003-12-31 | CA$-0.04 | CA$0.53 | x |
| 2004-12-31 | CA$0.38 | CA$0.53 | x |
| 2005-12-31 | CA$0.81 | CA$0.53 | x |
| 2006-12-31 | CA$0.49 | CA$0.53 | x |
| 2007-12-31 | CA$1.35 | CA$0.53 | x |
| 2008-12-31 | CA$1.29 | CA$0.53 | x |
| 2009-12-31 | CA$1.24 | CA$0.53 | x |
| 2010-12-31 | CA$1.22 | CA$0.53 | x |
| 2011-12-31 | CA$1.13 | CA$0.53 | x |
| 2012-12-31 | CA$0.94 | CA$0.53 | x |
| 2013-12-31 | CA$0.82 | CA$0.53 | x |
| 2014-12-31 | CA$0.81 | CA$0.53 | x |
| 2015-12-31 | CA$0.70 | CA$0.53 | x |
| 2016-12-31 | CA$0.64 | CA$0.53 | x |
| 2017-12-31 | CA$0.11 | CA$0.53 | x |
| 2018-12-31 | CA$0.10 | CA$0.53 | x |
| 2019-12-31 | CA$0.09 | CA$0.53 | x |
| 2020-12-31 | CA$0.08 | CA$0.53 | x |
| 2021-12-31 | CA$0.13 | CA$0.53 | x |
| 2022-12-31 | CA$0.13 | CA$0.53 | x |
| 2023-12-31 | CA$0.11 | CA$0.53 | x |
| 2024-12-31 | CA$0.11 | CA$0.53 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Forsys Metals Corp. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -12.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.02x
- Recent ROE (-12.50%) is above the historical average (-32.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | -33.99% | -14.16% | 1.91x | 1.25x | CA$-183.78K |
| 1998 | -5.46% | -2.59% | 1.39x | 1.52x | CA$-94.25K |
| 1999 | -0.84% | -0.17% | 2.79x | 1.75x | CA$-65.21K |
| 2000 | 7.70% | 1.45% | 3.31x | 1.60x | CA$-16.47K |
| 2001 | -106.70% | -9.45% | 3.95x | 2.86x | CA$-404.68K |
| 2002 | -81.76% | -3.77% | 4.33x | 5.01x | CA$-175.08K |
| 2003 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-271.95K |
| 2004 | -16.68% | 0.00% | 0.00x | 1.04x | CA$-420.68K |
| 2005 | -8.46% | -880.55% | 0.01x | 1.00x | CA$-3.21 Million |
| 2006 | -14.17% | -858.13% | 0.02x | 1.00x | CA$-5.48 Million |
| 2007 | -59.39% | -2653.42% | 0.02x | 1.00x | CA$-68.42 Million |
| 2009 | -4.94% | -2256.89% | 0.00x | 1.22x | CA$-14.57 Million |
| 2010 | -6.43% | -261.22% | 0.02x | 1.20x | CA$-15.89 Million |
| 2011 | -5.73% | 0.00% | 0.00x | 1.01x | CA$-14.60 Million |
| 2012 | -3.34% | 0.00% | 0.00x | 1.00x | CA$-13.34 Million |
| 2013 | -3.50% | 0.00% | 0.00x | 1.00x | CA$-12.21 Million |
| 2014 | -2.64% | 0.00% | 0.00x | 1.00x | CA$-11.41 Million |
| 2015 | -1.39% | -4728.12% | 0.00x | 1.00x | CA$-9.79 Million |
| 2016 | -1.69% | -13644.64% | 0.00x | 1.00x | CA$-10.37 Million |
| 2017 | -474.64% | 0.00% | 0.00x | 1.01x | CA$-76.46 Million |
| 2018 | -2.34% | 0.00% | 0.00x | 1.00x | CA$-1.93 Million |
| 2019 | -5.63% | 0.00% | 0.00x | 1.01x | CA$-2.30 Million |
| 2020 | -5.43% | 0.00% | 0.00x | 1.01x | CA$-2.17 Million |
| 2021 | -15.58% | 0.00% | 0.00x | 1.00x | CA$-6.34 Million |
| 2022 | 7.77% | 0.00% | 0.00x | 1.09x | CA$-560.94K |
| 2023 | -26.19% | 0.00% | 0.00x | 1.09x | CA$-8.05 Million |
| 2024 | -12.50% | 0.00% | 0.00x | 1.02x | CA$-4.79 Million |
Industry Comparison
This section compares Forsys Metals 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: $40,440,349
- Average return on equity (ROE) among peers: -44.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Forsys Metals Corp. (FSY) | CA$25.91 Million | -33.99% | 0.01x | $93.83 Million |
| Aftermath Silver Ltd (AAG) | $23.92 Million | -29.78% | 0.34x | $168.05 Million |
| Aton Resources Inc (AAN) | $2.59 Million | -161.78% | 0.36x | $43.33 Million |
| Arbor Metals Corp (ABR) | $3.78 Million | -10.88% | 0.34x | $8.19 Million |
| Asiabasemetals Inc (ABZ) | $717.72K | -45.73% | 0.05x | $3.27 Million |
| Adex Mining Inc (ADE) | $-4.38 Million | 0.00% | 0.00x | $67.72 Million |
| Alphamin Res (AFM) | $310.73 Million | 15.51% | 0.36x | $1.34 Billion |
| Silver X Mining Corp (AGX) | $18.71 Million | -66.45% | 1.77x | $126.80 Million |
| Amarc Resources Ltd. (AHR) | $1.25 Million | -166.39% | 1.91x | $163.00 Million |
| Almonty Industries Inc (AII) | $47.10 Million | 22.07% | 0.87x | $5.44 Billion |
| Aldebaran Resources Inc (ALDE) | $1.00 | 0.00% | 0.00x | $390.90 Million |
About Forsys Metals Corp.
Forsys Metals Corp. together with its subsidiaries, engages in the acquisition, exploration, and development of uranium mineral properties in Africa. Its flagship project is the Norasa uranium project comprising the Valencia uranium project; and the Namibplaas uranium project that covers approximately 1,266 hectares located in the Republic of Namibia. The company was formerly known as Forsys Tech… Read more