Fortune Minerals Limited (FT) - Net Assets

Latest as of September 2025: CA$-10.79 Million CAD ≈ $-7.81 Million USD

Based on the latest financial reports, Fortune Minerals Limited (FT) has net assets worth CA$-10.79 Million CAD (≈ $-7.81 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$6.97 Million ≈ $5.04 Million USD) and total liabilities (CA$17.76 Million ≈ $12.85 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 Fortune Minerals Limited (FT) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$-10.79 Million
% of Total Assets	-154.87%
Annual Growth Rate	N/A
5-Year Change	-117.76%
10-Year Change	-118.09%
Growth Volatility	42.85

Fortune Minerals Limited - Net Assets Trend (1996–2024)

This chart illustrates how Fortune Minerals Limited's net assets have evolved over time, based on quarterly financial data. See FT defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Fortune Minerals Limited (1996–2024)

The table below shows the annual net assets of Fortune Minerals Limited from 1996 to 2024. For live valuation and market cap data, see market value of Fortune Minerals Limited.

Year	Net Assets	Change
2024-12-31	CA$-11.40 Million ≈ $-8.25 Million	-34.69%
2023-12-31	CA$-8.46 Million ≈ $-6.12 Million	-122.35%
2022-12-31	CA$37.87 Million ≈ $27.40 Million	-40.69%
2021-12-31	CA$63.86 Million ≈ $46.19 Million	-0.50%
2020-12-31	CA$64.18 Million ≈ $46.43 Million	-2.41%
2019-12-31	CA$65.77 Million ≈ $47.57 Million	-2.18%
2018-12-31	CA$67.23 Million ≈ $48.64 Million	+16.41%
2017-12-31	CA$57.75 Million ≈ $41.78 Million	+0.09%
2016-12-31	CA$57.70 Million ≈ $41.74 Million	-8.44%
2015-12-31	CA$63.02 Million ≈ $45.59 Million	-39.60%
2014-12-31	CA$104.33 Million ≈ $75.47 Million	+11.04%
2013-12-31	CA$93.96 Million ≈ $67.97 Million	-25.53%
2012-12-31	CA$126.17 Million ≈ $91.27 Million	-3.70%
2011-12-31	CA$131.02 Million ≈ $94.78 Million	+12.42%
2010-12-31	CA$116.54 Million ≈ $84.31 Million	+6.64%
2009-12-31	CA$109.28 Million ≈ $79.05 Million	+24.00%
2008-12-31	CA$88.13 Million ≈ $63.75 Million	+7.30%
2007-12-31	CA$82.13 Million ≈ $59.41 Million	+58.28%
2006-12-31	CA$51.89 Million ≈ $37.54 Million	+22.80%
2005-12-31	CA$42.26 Million ≈ $30.57 Million	+18.39%
2004-12-31	CA$35.69 Million ≈ $25.82 Million	+140.70%
2003-12-31	CA$14.83 Million ≈ $10.73 Million	+46.15%
2002-12-31	CA$10.15 Million ≈ $7.34 Million	+10.65%
2001-12-31	CA$9.17 Million ≈ $6.63 Million	-1.69%
2000-12-31	CA$9.33 Million ≈ $6.75 Million	-21.62%
1999-12-31	CA$11.90 Million ≈ $8.61 Million	+5.31%
1998-12-31	CA$11.30 Million ≈ $8.17 Million	+37.80%
1997-12-31	CA$8.20 Million ≈ $5.93 Million	+51.85%
1996-12-31	CA$5.40 Million ≈ $3.91 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Fortune Minerals Limited'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 105779.5% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	CA$182.23 Million	%
Other Comprehensive Income	CA$17.43 Million	%
Other Components	CA$297.36K	%
Total Equity	CA$-11.40 Million	100.00%

Fortune Minerals Limited Competitors by Market Cap

The table below lists competitors of Fortune Minerals Limited ranked by their market capitalization.

Company	Market Cap
U-Tech Media Corp TW:3050	$63.48 Million
GameSparcs Co Ltd TWO:6542	$63.52 Million
Dish TV India Limited NSE:DISHTV	$63.52 Million
Prairie Operating Co. Common Stock NASDAQ:PROP	$63.55 Million
C3 Metals Inc V:CCCM	$63.47 Million
AURRIGO INT.PLCLS-002 F:CI0	$63.45 Million
Helio SA WAR:HEL	$63.41 Million
Alithya Group inc Class A TO:ALYA	$63.40 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Fortune Minerals Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from -8,463,970 to -11,400,475, a change of -2,936,505.
Net loss of 3,608,000 reduced equity.
Other comprehensive income increased equity by 172,809.
Other factors increased equity by 498,686.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CA$-3.61 Million	-31.65%
Other Comprehensive Income	CA$172.81K	+1.52%
Other Changes	CA$498.69K	+4.37%
Total Change	CA$-	%

Book Value vs Market Value Analysis

This analysis compares Fortune Minerals Limited'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

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1996-12-31	CA$0.36	CA$0.15	x
1997-12-31	CA$0.48	CA$0.15	x
1998-12-31	CA$0.75	CA$0.15	x
1999-12-31	CA$0.69	CA$0.15	x
2000-12-31	CA$0.53	CA$0.15	x
2001-12-31	CA$0.52	CA$0.15	x
2002-12-31	CA$0.47	CA$0.15	x
2003-12-31	CA$0.69	CA$0.15	x
2004-12-31	CA$1.33	CA$0.15	x
2005-12-31	CA$1.26	CA$0.15	x
2006-12-31	CA$1.38	CA$0.15	x
2007-12-31	CA$1.87	CA$0.15	x
2008-12-31	CA$1.71	CA$0.15	x
2009-12-31	CA$1.69	CA$0.15	x
2010-12-31	CA$1.19	CA$0.15	x
2011-12-31	CA$1.20	CA$0.15	x
2012-12-31	CA$1.07	CA$0.15	x
2013-12-31	CA$0.71	CA$0.15	x
2014-12-31	CA$0.58	CA$0.15	x
2015-12-31	CA$0.28	CA$0.15	x
2016-12-31	CA$0.23	CA$0.15	x
2017-12-31	CA$0.19	CA$0.15	x
2018-12-31	CA$0.16	CA$0.15	x
2019-12-31	CA$0.19	CA$0.15	x
2020-12-31	CA$0.18	CA$0.15	x
2021-12-31	CA$0.17	CA$0.15	x
2022-12-31	CA$0.10	CA$0.15	x
2023-12-31	CA$-0.02	CA$0.15	x
2024-12-31	CA$-0.02	CA$0.15	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Fortune Minerals Limited 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): 0.00%
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: 0.00x
Recent ROE (0.00%) is above the historical average (-8.99%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1996	3.70%	200.00%	0.02x	1.02x	CA$-340.00K
1998	-2.65%	-300.00%	0.01x	1.01x	CA$-1.43 Million
1999	6.72%	800.00%	0.01x	1.03x	CA$-390.00K
2000	-0.19%	-903700.00%	0.00x	1.28x	CA$-950.80K
2001	-1.72%	0.00%	0.00x	1.27x	CA$-1.07 Million
2002	-2.14%	-456.52%	0.00x	1.25x	CA$-1.23 Million
2003	-4.05%	-1287.57%	0.00x	1.19x	CA$-2.08 Million
2004	-3.75%	-1190.74%	0.00x	1.13x	CA$-4.91 Million
2005	-0.95%	-69.52%	0.01x	1.13x	CA$-4.63 Million
2006	-0.08%	-6.58%	0.01x	1.16x	CA$-5.23 Million
2007	2.67%	313.92%	0.01x	1.10x	CA$-6.02 Million
2008	-1.56%	-272.03%	0.01x	1.13x	CA$-10.19 Million
2009	-1.22%	-2646.32%	0.00x	1.13x	CA$-12.26 Million
2010	-1.47%	-6874.52%	0.00x	1.10x	CA$-13.37 Million
2011	2.83%	0.00%	0.00x	1.19x	CA$-9.40 Million
2012	-5.45%	0.00%	0.00x	1.19x	CA$-19.50 Million
2013	-47.18%	0.00%	0.00x	1.22x	CA$-53.73 Million
2014	-10.56%	0.00%	0.00x	1.74x	CA$-21.45 Million
2015	-63.17%	0.00%	0.00x	1.08x	CA$-46.11 Million
2016	-13.65%	0.00%	0.00x	1.20x	CA$-13.65 Million
2017	-21.04%	0.00%	0.00x	1.38x	CA$-17.92 Million
2018	12.72%	0.00%	0.00x	1.16x	CA$1.83 Million
2019	-5.91%	0.00%	0.00x	1.17x	CA$-10.46 Million
2020	-2.67%	0.00%	0.00x	1.19x	CA$-8.13 Million
2021	-3.78%	0.00%	0.00x	1.23x	CA$-8.80 Million
2022	-87.05%	0.00%	0.00x	1.23x	CA$-36.76 Million
2023	0.00%	0.00%	0.00x	0.00x	CA$-2.00 Million
2024	0.00%	0.00%	0.00x	0.00x	CA$-2.47 Million

Industry Comparison

This section compares Fortune Minerals Limited'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
Fortune Minerals Limited (FT)	CA$-10.79 Million	3.70%	N/A	$63.47 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 Fortune Minerals Limited

TO:FT Canada Other Industrial Metals & Mining

Market Cap

$63.47 Million

CA$87.74 Million CAD

Market Cap Rank

#21046 Global

#734 in Canada

Share Price

CA$0.15

Change (1 day)

-3.23%

52-Week Range

CA$0.07 - CA$0.24

All Time High

CA$0.37