Montage Gold Corp. (MAU) - Net Assets
Based on the latest financial reports, Montage Gold Corp. (MAU) has net assets worth CA$120.03 Million CAD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$552.24 Million) and total liabilities (CA$432.22 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 | CA$120.03 Million |
| % of Total Assets | 21.73% |
| Annual Growth Rate | 81.82% |
| 5-Year Change | 360.85% |
| 10-Year Change | N/A |
| Growth Volatility | 145.35 |
Montage Gold Corp. - Net Assets Trend (2018–2024)
This chart illustrates how Montage 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 Montage Gold Corp. (2018–2024)
The table below shows the annual net assets of Montage Gold Corp. from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$205.43 Million | +363.25% |
| 2023-12-31 | CA$44.34 Million | -10.95% |
| 2022-12-31 | CA$49.80 Million | +123.22% |
| 2021-12-31 | CA$22.31 Million | -49.95% |
| 2020-12-31 | CA$44.58 Million | +111.55% |
| 2019-12-31 | CA$21.07 Million | +270.89% |
| 2018-12-31 | CA$5.68 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Montage 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 decreased by 13359663400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$344.24 Million | 167.69% |
| Other Comprehensive Income | CA$1.32 Million | 0.64% |
| Other Components | CA$6.15 Million | 3.00% |
| Total Equity | CA$205.28 Million | 100.00% |
Montage Gold Corp. Competitors by Market Cap
The table below lists competitors of Montage Gold Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alfen N.V.
LSE:0AAO
|
$1.23K |
|
MOAR3F
SA:MOAR3F
|
$1.23K |
|
MTSA4F
SA:MTSA4F
|
$1.24K |
|
NextNav Inc. Warrant
NASDAQ:NNAVW
|
$1.24K |
|
RSUL4F
SA:RSUL4F
|
$1.23K |
|
SANKYO
MU:SOK
|
$1.23K |
|
CFE SA
STU:C70
|
$1.23K |
|
SAGE GRP - Dusseldorf Stock Exchang
DU:SGK1
|
$1.23K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Montage Gold Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 44,344,531 to 205,276,000, a change of 160,931,469 (362.9%).
- Net loss of 67,662,000 reduced equity.
- Share repurchases of 158,091,976 reduced equity.
- Other comprehensive income increased equity by 239,446.
- Other factors increased equity by 386,445,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-67.66 Million | -32.96% |
| Share Repurchases | CA$158.09 Million | -77.01% |
| Other Comprehensive Income | CA$239.45K | +0.12% |
| Other Changes | CA$386.45 Million | +188.26% |
| Total Change | CA$- | 362.91% |
Book Value vs Market Value Analysis
This analysis compares Montage 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: 22.32x
- 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 220.25x to 22.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | CA$0.08 | CA$17.03 | x |
| 2019-12-31 | CA$0.59 | CA$17.03 | x |
| 2020-12-31 | CA$0.56 | CA$17.03 | x |
| 2021-12-31 | CA$0.21 | CA$17.03 | x |
| 2022-12-31 | CA$0.44 | CA$17.03 | x |
| 2023-12-31 | CA$0.25 | CA$17.03 | x |
| 2024-12-31 | CA$0.76 | CA$17.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Montage Gold Corp. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -32.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.79x
- Recent ROE (-32.96%) is above the historical average (-48.51%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -80.03% | 0.00% | 0.00x | 1.01x | CA$-5.11 Million |
| 2019 | -23.44% | 0.00% | 0.00x | 1.04x | CA$-7.04 Million |
| 2020 | -23.01% | 0.00% | 0.00x | 1.05x | CA$-14.71 Million |
| 2021 | -105.18% | 0.00% | 0.00x | 1.05x | CA$-25.70 Million |
| 2022 | -19.87% | 0.00% | 0.00x | 1.04x | CA$-14.87 Million |
| 2023 | -55.07% | 0.00% | 0.00x | 1.03x | CA$-28.85 Million |
| 2024 | -32.96% | 0.00% | 0.00x | 1.79x | CA$-88.19 Million |
Industry Comparison
This section compares Montage Gold Corp.'s net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $25,011,639
- Average return on equity (ROE) among peers: -23.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Montage Gold Corp. (MAU) | CA$120.03 Million | -80.03% | 3.60x | $1.23K |
| Abcourt Mines Inc. (ABI) | $27.66 Million | -3.28% | 0.35x | $86.06 Million |
| Athabasca Minerals Inc (ABM) | $13.38 Million | -3.65% | 0.02x | $3.68 Million |
| American Eagle Gold Corp (AE) | $830.83K | -165.75% | 0.05x | $148.82 Million |
| Aero Energy Limited (AERO) | $14.72 Million | -5.86% | 0.05x | $9.68 Million |
| AIS Resources Ltd (AIS) | $518.31K | -0.04% | 0.11x | $1.76 Million |
| Algo Grande Copper Corp. (ALGR) | $-251.88K | 0.00% | 0.00x | $9.71 Million |
| Alkane Resources Limited (ALK) | $191.56 Million | 29.08% | 0.23x | $985.87 Million |
| Alliance Mining Corp (ALM) | $-3.10 Million | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $822.20K | -78.33% | 0.24x | $38.60 Million |
| Argus Metals Corp. (AML) | $3.98 Million | -5.17% | 0.10x | $1.59 Million |
About Montage Gold Corp.
Montage Gold Corp. engages in the acquisition, exploration, and development of mineral properties in Africa. Its flagship property is the 90% owned Koné Gold project covering an area of 1,679 square kilometers located in the Côte d'Ivoire, West Africa. The company was incorporated in 2019 and is headquartered in Vancouver, Canada.