Major Drilling Group International (MDI) - Net Assets
Based on the latest financial reports, Major Drilling Group International (MDI) has net assets worth CA$543.63 Million CAD (≈ $393.25 Million USD) as of January 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$734.61 Million ≈ $531.41 Million USD) and total liabilities (CA$190.98 Million ≈ $138.15 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. Also explore Major Drilling Group International asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$543.63 Million |
| % of Total Assets | 74.0% |
| Annual Growth Rate | 8.2% |
| 5-Year Change | 86.36% |
| 10-Year Change | 22.52% |
| Growth Volatility | 25.02 |
Major Drilling Group International - Net Assets Trend (1997–2025)
This chart illustrates how Major Drilling Group International's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see market cap of Major Drilling Group International.
Annual Net Assets for Major Drilling Group International (1997–2025)
The table below shows the annual net assets of Major Drilling Group International from 1997 to 2025. Explore MDI cash flow conversion to assess how effectively this company generates cash.
| Year | Net Assets | Change |
|---|---|---|
| 2025-04-30 | CA$522.10 Million ≈ $377.68 Million |
+5.72% |
| 2024-04-30 | CA$493.83 Million ≈ $357.23 Million |
+9.12% |
| 2023-04-30 | CA$452.58 Million ≈ $327.39 Million |
+25.80% |
| 2022-04-30 | CA$359.76 Million ≈ $260.24 Million |
+28.41% |
| 2021-04-30 | CA$280.16 Million ≈ $202.67 Million |
-5.68% |
| 2020-04-30 | CA$297.05 Million ≈ $214.88 Million |
-18.17% |
| 2019-04-30 | CA$363.00 Million ≈ $262.59 Million |
-2.52% |
| 2018-04-30 | CA$372.40 Million ≈ $269.39 Million |
-9.12% |
| 2017-04-30 | CA$409.76 Million ≈ $296.42 Million |
-3.84% |
| 2016-04-30 | CA$426.14 Million ≈ $308.26 Million |
-7.44% |
| 2015-04-30 | CA$460.39 Million ≈ $333.04 Million |
-4.95% |
| 2014-04-30 | CA$484.35 Million ≈ $350.37 Million |
-10.03% |
| 2013-04-30 | CA$538.33 Million ≈ $389.42 Million |
+10.38% |
| 2012-04-30 | CA$487.70 Million ≈ $352.79 Million |
+44.35% |
| 2011-04-30 | CA$337.85 Million ≈ $244.39 Million |
+6.15% |
| 2010-04-30 | CA$318.27 Million ≈ $230.23 Million |
-12.89% |
| 2009-04-30 | CA$365.35 Million ≈ $264.29 Million |
+26.90% |
| 2008-04-30 | CA$287.91 Million ≈ $208.27 Million |
+30.28% |
| 2007-04-30 | CA$220.99 Million ≈ $159.86 Million |
+39.13% |
| 2006-04-30 | CA$158.84 Million ≈ $114.90 Million |
+11.46% |
| 2005-04-30 | CA$142.50 Million ≈ $103.09 Million |
+14.70% |
| 2004-04-30 | CA$124.24 Million ≈ $89.87 Million |
+36.29% |
| 2003-04-30 | CA$91.16 Million ≈ $65.94 Million |
-0.39% |
| 2002-04-30 | CA$91.52 Million ≈ $66.20 Million |
+8.32% |
| 2001-04-30 | CA$84.48 Million ≈ $61.12 Million |
-11.99% |
| 2000-04-30 | CA$96.00 Million ≈ $69.44 Million |
-4.10% |
| 1999-04-30 | CA$100.10 Million ≈ $72.41 Million |
-14.59% |
| 1998-04-30 | CA$117.20 Million ≈ $84.78 Million |
+104.18% |
| 1997-04-30 | CA$57.40 Million ≈ $41.52 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Major Drilling Group International'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 grown by 649.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (April 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$177.69 Million | 34.03% |
| Common Stock | CA$263.11 Million | 50.39% |
| Other Comprehensive Income | CA$77.68 Million | 14.88% |
| Other Components | CA$3.62 Million | 0.69% |
| Total Equity | CA$522.10 Million | 100.00% |
Major Drilling Group International Competitors by Market Cap
The table below lists competitors of Major Drilling Group International ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
VNDIRECT Securities Corp
VN:VND
|
$931.19 Million |
|
Israel Shipyards Ltd
TA:ISHI
|
$931.64 Million |
|
LiaonWellhope Agri-Tech Co Ltd
SHG:603609
|
$931.71 Million |
|
Qinghai Jinrui Mineral Development Co Ltd
SHG:600714
|
$931.94 Million |
|
Dalian Insulator Group Co Ltd
SHE:002606
|
$930.99 Million |
|
Jiangsu Huaxicun Co Ltd
SHE:000936
|
$930.90 Million |
|
Alarko Holding AS
IS:ALARK
|
$930.89 Million |
|
Dynavox Group
ST:DYVOX
|
$930.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Major Drilling Group International's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 493,832,000 to 522,098,000, a change of 28,266,000 (5.7%).
- Net income of 25,955,000 contributed positively to equity growth.
- Share repurchases of 314,000 reduced equity.
- Other comprehensive income decreased equity by 1,733,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$25.95 Million | +4.97% |
| Share Repurchases | CA$314.00K | -0.06% |
| Other Comprehensive Income | CA$-1.73 Million | -0.33% |
| Other Changes | CA$4.36 Million | +0.83% |
| Total Change | CA$- | 5.72% |
Book Value vs Market Value Analysis
This analysis compares Major Drilling Group International'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: 2.46x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5.42x to 2.46x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-04-30 | CA$2.89 | CA$15.67 | x |
| 1998-04-30 | CA$3.30 | CA$15.67 | x |
| 1999-04-30 | CA$2.94 | CA$15.67 | x |
| 2000-04-30 | CA$3.20 | CA$15.67 | x |
| 2001-04-30 | CA$2.50 | CA$15.67 | x |
| 2002-04-30 | CA$2.78 | CA$15.67 | x |
| 2003-04-30 | CA$1.92 | CA$15.67 | x |
| 2004-04-30 | CA$2.03 | CA$15.67 | x |
| 2005-04-30 | CA$2.14 | CA$15.67 | x |
| 2006-04-30 | CA$2.27 | CA$15.67 | x |
| 2007-04-30 | CA$3.13 | CA$15.67 | x |
| 2008-04-30 | CA$4.02 | CA$15.67 | x |
| 2009-04-30 | CA$5.09 | CA$15.67 | x |
| 2010-04-30 | CA$4.44 | CA$15.67 | x |
| 2011-04-30 | CA$4.68 | CA$15.67 | x |
| 2012-04-30 | CA$6.33 | CA$15.67 | x |
| 2013-04-30 | CA$6.76 | CA$15.67 | x |
| 2014-04-30 | CA$6.11 | CA$15.67 | x |
| 2015-04-30 | CA$5.76 | CA$15.67 | x |
| 2016-04-30 | CA$5.32 | CA$15.67 | x |
| 2017-04-30 | CA$5.11 | CA$15.67 | x |
| 2018-04-30 | CA$4.64 | CA$15.67 | x |
| 2019-04-30 | CA$4.52 | CA$15.67 | x |
| 2020-04-30 | CA$3.69 | CA$15.67 | x |
| 2021-04-30 | CA$3.47 | CA$15.67 | x |
| 2022-04-30 | CA$4.35 | CA$15.67 | x |
| 2023-04-30 | CA$5.44 | CA$15.67 | x |
| 2024-04-30 | CA$5.98 | CA$15.67 | x |
| 2025-04-30 | CA$6.37 | CA$15.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Major Drilling Group International 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): 4.97%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.57%
- • Asset Turnover: 1.01x
- • Equity Multiplier: 1.38x
- Recent ROE (4.97%) is above the historical average (3.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 17.42% | 11.25% | 1.09x | 1.41x | CA$4.26 Million |
| 1998 | 8.23% | 6.07% | 0.94x | 1.44x | CA$-2.06 Million |
| 1999 | -14.19% | -10.86% | 0.76x | 1.71x | CA$-24.21 Million |
| 2000 | -0.21% | -0.18% | 0.68x | 1.66x | CA$-9.80 Million |
| 2001 | -6.44% | -4.19% | 0.89x | 1.73x | CA$-13.89 Million |
| 2002 | -10.86% | -9.11% | 0.79x | 1.51x | CA$-19.09 Million |
| 2003 | 2.78% | 1.56% | 1.03x | 1.73x | CA$-6.58 Million |
| 2004 | 4.40% | 2.82% | 0.99x | 1.58x | CA$-6.95 Million |
| 2005 | 10.91% | 5.77% | 1.05x | 1.80x | CA$1.30 Million |
| 2006 | 18.08% | 8.18% | 1.29x | 1.71x | CA$12.80 Million |
| 2007 | 26.61% | 14.15% | 1.27x | 1.49x | CA$36.70 Million |
| 2008 | 25.74% | 12.55% | 1.38x | 1.48x | CA$45.30 Million |
| 2009 | 12.57% | 8.78% | 1.11x | 1.28x | CA$9.40 Million |
| 2010 | -0.15% | -0.15% | 0.74x | 1.31x | CA$-32.29 Million |
| 2011 | 8.16% | 5.71% | 1.00x | 1.43x | CA$-6.23 Million |
| 2012 | 18.40% | 11.25% | 1.16x | 1.41x | CA$40.98 Million |
| 2013 | 9.68% | 7.49% | 1.01x | 1.27x | CA$-1.72 Million |
| 2014 | -11.42% | -15.58% | 0.60x | 1.22x | CA$-103.74 Million |
| 2015 | -10.77% | -16.21% | 0.56x | 1.18x | CA$-95.60 Million |
| 2016 | -10.63% | -14.87% | 0.61x | 1.18x | CA$-87.90 Million |
| 2017 | -10.27% | -13.99% | 0.61x | 1.21x | CA$-83.04 Million |
| 2018 | -6.03% | -6.56% | 0.73x | 1.25x | CA$-59.69 Million |
| 2019 | -4.98% | -4.70% | 0.83x | 1.27x | CA$-54.38 Million |
| 2020 | -23.89% | -17.34% | 0.96x | 1.43x | CA$-100.67 Million |
| 2021 | 3.58% | 2.32% | 1.11x | 1.39x | CA$-17.98 Million |
| 2022 | 14.86% | 8.22% | 1.17x | 1.55x | CA$17.48 Million |
| 2023 | 16.55% | 10.18% | 1.20x | 1.35x | CA$29.66 Million |
| 2024 | 10.75% | 7.51% | 1.15x | 1.24x | CA$3.70 Million |
| 2025 | 4.97% | 3.57% | 1.01x | 1.38x | CA$-26.25 Million |
Industry Comparison
This section compares Major Drilling Group International'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: $25,252,064
- Average return on equity (ROE) among peers: -11.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Major Drilling Group International (MDI) | CA$543.63 Million | 17.42% | 0.35x | $931.03 Million |
| Aftermath Silver Ltd (AAG) | $23.92 Million | -29.78% | 0.34x | $188.19 Million |
| Aton Resources Inc (AAN) | $-1.00 Million | 0.00% | 0.00x | $45.64 Million |
| Arbor Metals Corp (ABR) | $-10.47K | 0.00% | 0.00x | $10.45 Million |
| Asiabasemetals Inc (ABZ) | $-637.51K | 0.00% | 0.00x | $4.67 Million |
| Adex Mining Inc (ADE) | $15.29 Million | -9.66% | 0.03x | $27.09 Million |
| Alphamin Res (AFM) | $80.92 Million | -5.35% | 0.01x | $1.27 Billion |
| Silver X Mining Corp (AGX) | $6.99 Million | -54.56% | 0.04x | $146.02 Million |
| Amarc Resources Ltd. (AHR) | $14.00 Million | 5.93% | 0.01x | $149.96 Million |
| Almonty Industries Inc (AII) | $48.51 Million | -18.22% | 3.85x | $4.73 Billion |
| Aldebaran Resources Inc (ALDE) | $64.54 Million | -3.09% | 0.01x | $343.03 Million |
About Major Drilling Group International
Major Drilling Group International Inc. provides contract drilling services to mining and mineral exploration companies in the United States, Canada, South and Central America, Australasia, and Africa. The company offers various drilling services, including reverse circulation, surface and underground coring, directional, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow g… Read more