Mandalay Resources Corp (MND) - Net Assets

Latest as of March 2025: CA$256.73 Million CAD

Based on the latest financial reports, Mandalay Resources Corp (MND) has net assets worth CA$256.73 Million CAD as of March 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$372.68 Million) and total liabilities (CA$115.94 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$256.73 Million
% of Total Assets 68.89%
Annual Growth Rate 37.19%
5-Year Change 68.85%
10-Year Change 10.39%
Growth Volatility 131.79

Mandalay Resources Corp - Net Assets Trend (1999–2024)

This chart illustrates how Mandalay Resources 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 Mandalay Resources Corp (1999–2024)

The table below shows the annual net assets of Mandalay Resources Corp from 1999 to 2024.

Year Net Assets Change
2024-12-31 CA$229.27 Million +16.42%
2023-12-31 CA$196.93 Million +6.94%
2022-12-31 CA$184.15 Million +4.23%
2021-12-31 CA$176.69 Million +30.13%
2020-12-31 CA$135.78 Million +21.50%
2019-12-31 CA$111.75 Million +16.24%
2018-12-31 CA$96.14 Million -41.93%
2017-12-31 CA$165.54 Million -18.47%
2016-12-31 CA$203.04 Million -2.24%
2015-12-31 CA$207.69 Million -5.07%
2014-12-31 CA$218.78 Million +42.45%
2013-12-31 CA$153.58 Million +7.34%
2012-12-31 CA$143.08 Million +44.57%
2011-12-31 CA$98.97 Million +58.90%
2010-12-31 CA$62.29 Million +86.71%
2009-12-31 CA$33.36 Million +580.97%
2008-12-31 CA$4.90 Million -22.00%
2007-12-31 CA$6.28 Million +44.86%
2006-12-31 CA$4.34 Million +134.87%
2005-12-31 CA$1.85 Million +162.69%
2004-12-31 CA$702.69K -32.21%
2003-12-31 CA$1.04 Million +217.80%
2002-12-31 CA$326.16K +6.43%
2001-12-31 CA$306.44K +302.31%
2000-12-31 CA$76.17K -9.92%
1999-12-31 CA$84.56K --

Equity Component Analysis

This analysis shows how different components contribute to Mandalay Resources 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 grown by 6272050479.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CA$62.69 Million 27.34%
Common Stock CA$232.44 Million 101.38%
Total Equity CA$229.27 Million 100.00%

Mandalay Resources Corp Competitors by Market Cap

The table below lists competitors of Mandalay Resources Corp ranked by their market capitalization.

Company Market Cap
ECARX Holdings Inc. Class A Ordinary shares
NASDAQ:ECX
 		$369.83 Million
Shanghai Supezet Engineering Technology Corp Ltd
SHG:688121
 		$369.88 Million
Wanxiang Doneed Co Ltd
SHG:600371
 		$369.91 Million
Ipd Group Ltd
AU:IPG
 		$370.07 Million
Zuming Bean Products Co Ltd
SHE:003030
 		$369.57 Million
Beijing Jiaoda Signal Technology
SHE:300851
 		$369.55 Million
Alandsbanken Abp A
HE:ALBAV
 		$369.48 Million
Shandong Zhangqiu Blower Co Ltd
SHE:002598
 		$369.41 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Mandalay Resources Corp's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 196,932,000 to 229,266,000, a change of 32,334,000 (16.4%).
  • Net income of 47,761,000 contributed positively to equity growth.
  • Share repurchases of 266,000 reduced equity.
  • New share issuances of 94,000 increased equity.
  • Other comprehensive income increased equity by 54,473,000.
  • Other factors decreased equity by 69,728,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CA$47.76 Million +20.83%
Share Repurchases CA$266.00K -0.12%
Share Issuances CA$94.00K +0.04%
Other Comprehensive Income CA$54.47 Million +23.76%
Other Changes CA$-69.73 Million -30.41%
Total Change CA$- 16.42%

Book Value vs Market Value Analysis

This analysis compares Mandalay Resources 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: 2.21x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has increased from 0.76x to 2.21x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1999-12-31 CA$7.09 CA$5.40 x
2000-12-31 CA$5.21 CA$5.40 x
2001-12-31 CA$7.81 CA$5.40 x
2002-12-31 CA$3.12 CA$5.40 x
2003-12-31 CA$5.43 CA$5.40 x
2004-12-31 CA$3.64 CA$5.40 x
2005-12-31 CA$5.75 CA$5.40 x
2006-12-31 CA$10.87 CA$5.40 x
2007-12-31 CA$9.82 CA$5.40 x
2008-12-31 CA$6.85 CA$5.40 x
2009-12-31 CA$16.28 CA$5.40 x
2010-12-31 CA$4.45 CA$5.40 x
2011-12-31 CA$3.29 CA$5.40 x
2012-12-31 CA$3.88 CA$5.40 x
2013-12-31 CA$4.49 CA$5.40 x
2014-12-31 CA$6.06 CA$5.40 x
2015-12-31 CA$5.05 CA$5.40 x
2016-12-31 CA$4.72 CA$5.40 x
2017-12-31 CA$3.67 CA$5.40 x
2018-12-31 CA$2.13 CA$5.40 x
2019-12-31 CA$1.39 CA$5.40 x
2020-12-31 CA$1.47 CA$5.40 x
2021-12-31 CA$1.89 CA$5.40 x
2022-12-31 CA$1.96 CA$5.40 x
2023-12-31 CA$2.07 CA$5.40 x
2024-12-31 CA$2.44 CA$5.40 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Mandalay Resources 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): 20.83%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 19.85%
  • • Asset Turnover: 0.73x
  • • Equity Multiplier: 1.44x
  • Recent ROE (20.83%) is above the historical average (-13.89%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1999 -19.47% 0.00% 0.00x 1.17x CA$-24.92K
2000 -24.21% 0.00% 0.00x 1.93x CA$-26.06K
2001 -76.56% 0.00% 0.00x 1.10x CA$-265.26K
2002 -75.74% 0.00% 0.00x 1.22x CA$-279.64K
2003 -25.21% 0.00% 0.00x 1.07x CA$-364.98K
2004 -74.07% 0.00% 0.00x 1.35x CA$-590.75K
2005 -26.03% 0.00% 0.00x 1.05x CA$-665.14K
2006 -37.80% 0.00% 0.00x 1.03x CA$-2.07 Million
2007 -21.84% 0.00% 0.00x 1.05x CA$-2.00 Million
2008 -9.20% 0.00% 0.00x 1.17x CA$-940.48K
2009 -4.43% -459.30% 0.01x 1.22x CA$-4.81 Million
2010 -5.49% -16.57% 0.21x 1.54x CA$-9.64 Million
2011 18.67% 20.05% 0.66x 1.40x CA$8.58 Million
2012 29.15% 24.28% 0.93x 1.30x CA$27.40 Million
2013 19.17% 17.64% 0.84x 1.30x CA$14.08 Million
2014 8.03% 9.52% 0.51x 1.67x CA$-4.30 Million
2015 7.06% 7.54% 0.56x 1.67x CA$-6.10 Million
2016 -9.97% -10.90% 0.53x 1.72x CA$-40.54 Million
2017 -25.80% -26.20% 0.53x 1.84x CA$-59.26 Million
2018 -66.28% -56.81% 0.47x 2.47x CA$-73.33 Million
2019 -16.69% -17.30% 0.42x 2.31x CA$-29.82 Million
2020 6.86% 5.20% 0.59x 2.22x CA$-4.27 Million
2021 31.06% 23.92% 0.72x 1.80x CA$37.21 Million
2022 12.76% 12.26% 0.68x 1.53x CA$5.09 Million
2023 3.99% 4.53% 0.59x 1.50x CA$-11.83 Million
2024 20.83% 19.85% 0.73x 1.44x CA$24.83 Million

Industry Comparison

This section compares Mandalay Resources Corp's net assets metrics with peer companies in the Gold industry.

Industry Context

  • Industry: Gold
  • Average net assets among peers: $37,435,313
  • Average return on equity (ROE) among peers: -27.45%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Mandalay Resources Corp (MND) CA$256.73 Million -19.47% 0.45x $369.78 Million
Abcourt Mines Inc. (ABI) $-3.13 Million 0.00% 0.00x $86.06 Million
Athabasca Minerals Inc (ABM) $20.44 Million -35.77% 0.45x $3.68 Million
American Eagle Gold Corp (AE) $3.52 Million -143.42% 0.34x $148.82 Million
Aero Energy Limited (AERO) $14.72 Million -5.86% 0.05x $9.68 Million
AIS Resources Ltd (AIS) $1.78 Million -62.23% 0.56x $1.76 Million
Algo Grande Copper Corp. (ALGR) $3.28 Million -19.80% 0.18x $9.71 Million
Alkane Resources Limited (ALK) $309.37 Million 5.71% 0.50x $985.87 Million
Alliance Mining Corp (ALM) $-656.72K 0.00% 0.00x $1.58 Million
Altamira Gold Corp (ALTA) $21.46 Million -7.16% 0.01x $38.60 Million
Argus Metals Corp. (AML) $3.56 Million -6.01% 0.17x $1.59 Million

About Mandalay Resources Corp

TO:MND Canada Gold
Market Cap
$369.78 Million
CA$511.18 Million CAD
Market Cap Rank
#14967 Global
#291 in Canada
Share Price
CA$5.40
Change (1 day)
+0.00%
52-Week Range
CA$4.41 - CA$5.60
All Time High
CA$13.30
Categories
Companies in Canada Gold
About

Mandalay Resources Corporation, together with its subsidiaries, engages in the acquisition, exploration, extraction, processing, and reclamation of mineral properties in Australia, Sweden, Chile, and Canada. It explores for gold, copper, silver, and antimony deposits. The company's assets consist of the Costerfield gold-antimony mine covering an area of 1,219 hectares located in Victoria, Austral… Read more