Mineros SA
Mineros S.A. engages in the exploration, development, and production of gold in Central and South America. It explores for gold and silver deposits. The company holds an interest in the Nechí Alluvial Property covering an area of 473 square kilometers located in the Lower Cauca Region of Antioquia in northwestern Colombia; the Hemco Property that covers an area of 2,270 hectares located in Bonanz… Read more
Mineros SA (MSA) - Net Assets
Latest net assets as of December 2025: CA$514.42 Million CAD
Based on the latest financial reports, Mineros SA (MSA) has net assets worth CA$514.42 Million CAD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$751.82 Million) and total liabilities (CA$237.40 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$514.42 Million |
| % of Total Assets | 68.42% |
| Annual Growth Rate | 7.88% |
| 5-Year Change | 39.97% |
| 10-Year Change | 150.5% |
| Growth Volatility | 15.44 |
Mineros SA - Net Assets Trend (2009–2025)
This chart illustrates how Mineros SA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mineros SA (2009–2025)
The table below shows the annual net assets of Mineros SA from 2009 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$514.42 Million | +25.91% |
| 2024-12-31 | CA$408.55 Million | +18.23% |
| 2023-12-31 | CA$345.56 Million | -0.29% |
| 2022-12-31 | CA$346.55 Million | -5.71% |
| 2021-12-31 | CA$367.53 Million | +19.31% |
| 2020-12-31 | CA$308.04 Million | +11.18% |
| 2019-12-31 | CA$277.07 Million | +13.38% |
| 2018-12-31 | CA$244.37 Million | +8.43% |
| 2017-12-31 | CA$225.36 Million | +9.74% |
| 2016-12-31 | CA$205.36 Million | +10.09% |
| 2015-12-31 | CA$186.54 Million | -30.04% |
| 2014-12-31 | CA$266.65 Million | -10.22% |
| 2013-12-31 | CA$297.00 Million | -1.84% |
| 2012-12-31 | CA$302.57 Million | +31.57% |
| 2011-12-31 | CA$229.98 Million | +15.73% |
| 2010-12-31 | CA$198.71 Million | +30.03% |
| 2009-12-31 | CA$152.82 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mineros SA'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 178.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$156.35 Million | 30.39% |
| Common Stock | CA$44.05K | 0.01% |
| Other Comprehensive Income | CA$327.80 Million | 63.72% |
| Other Components | CA$30.23 Million | 5.88% |
| Total Equity | CA$514.41 Million | 100.00% |
Mineros SA Competitors by Market Cap
The table below lists competitors of Mineros SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MedImaging Integrated Solution Inc.
TW:6796
|
$50.16 Million |
|
Amplitech Group Inc
NASDAQ:AMPG
|
$50.17 Million |
|
LG HelloVision Corp
KO:037560
|
$50.23 Million |
|
Peach Property Group AG
SW:PEAN
|
$50.26 Million |
|
Alcatel Lucent Teletas Telekomunikasyon AS
IS:ALCTL
|
$50.15 Million |
|
Vietnam National Seed Group JSC
VN:NSC
|
$50.15 Million |
|
CHINA KEPEI ED. DL-00001
F:9CK
|
$50.14 Million |
|
TSUKADA GLOBAL HLDGS INC.
F:TVJ
|
$50.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mineros SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 408,552,000 to 514,414,475, a change of 105,862,475 (25.9%).
- Net income of 155,664,638 contributed positively to equity growth.
- Dividend payments of 31,965,234 reduced retained earnings.
- Share repurchases of 12,921,590 reduced equity.
- Other comprehensive income increased equity by 92,468,136.
- Other factors decreased equity by 97,383,475.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$155.66 Million | +30.26% |
| Dividends Paid | CA$31.97 Million | -6.21% |
| Share Repurchases | CA$12.92 Million | -2.51% |
| Other Comprehensive Income | CA$92.47 Million | +17.98% |
| Other Changes | CA$-97.38 Million | -18.93% |
| Total Change | CA$- | 25.91% |
Book Value vs Market Value Analysis
This analysis compares Mineros SA'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: 3.15x
- 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 9.30x to 3.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CA$0.58 | CA$5.43 | x |
| 2010-12-31 | CA$0.76 | CA$5.43 | x |
| 2011-12-31 | CA$0.88 | CA$5.43 | x |
| 2012-12-31 | CA$1.16 | CA$5.43 | x |
| 2013-12-31 | CA$1.12 | CA$5.43 | x |
| 2014-12-31 | CA$1.01 | CA$5.43 | x |
| 2015-12-31 | CA$0.70 | CA$5.43 | x |
| 2016-12-31 | CA$0.78 | CA$5.43 | x |
| 2017-12-31 | CA$0.86 | CA$5.43 | x |
| 2018-12-31 | CA$0.93 | CA$5.43 | x |
| 2019-12-31 | CA$1.06 | CA$5.43 | x |
| 2020-12-31 | CA$1.18 | CA$5.43 | x |
| 2021-12-31 | CA$1.39 | CA$5.43 | x |
| 2022-12-31 | CA$1.16 | CA$5.43 | x |
| 2023-12-31 | CA$1.15 | CA$5.43 | x |
| 2024-12-31 | CA$1.36 | CA$5.43 | x |
| 2025-12-31 | CA$1.72 | CA$5.43 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mineros SA 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): 30.26%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.13%
- • Asset Turnover: 1.14x
- • Equity Multiplier: 1.46x
- Recent ROE (30.26%) is above the historical average (17.14%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 36.78% | 59.57% | 0.54x | 1.15x | CA$40.93 Million |
| 2010 | 24.14% | 37.29% | 0.58x | 1.11x | CA$28.10 Million |
| 2011 | 26.46% | 32.63% | 0.69x | 1.18x | CA$37.85 Million |
| 2012 | 24.62% | 36.68% | 0.59x | 1.14x | CA$44.25 Million |
| 2013 | 7.51% | 9.44% | 0.56x | 1.41x | CA$-7.30 Million |
| 2014 | 7.16% | 9.72% | 0.54x | 1.36x | CA$-7.54 Million |
| 2015 | 10.63% | 10.52% | 0.60x | 1.68x | CA$1.17 Million |
| 2016 | 14.36% | 12.84% | 0.72x | 1.56x | CA$8.92 Million |
| 2017 | 17.23% | 14.79% | 0.79x | 1.48x | CA$16.28 Million |
| 2018 | 19.16% | 19.48% | 0.55x | 1.80x | CA$22.34 Million |
| 2019 | 13.22% | 9.06% | 0.84x | 1.74x | CA$8.90 Million |
| 2020 | 20.60% | 12.30% | 0.97x | 1.72x | CA$32.60 Million |
| 2021 | 11.77% | 8.72% | 0.86x | 1.58x | CA$6.52 Million |
| 2022 | 1.29% | 0.85% | 0.93x | 1.64x | CA$-30.17 Million |
| 2023 | 4.98% | 3.85% | 0.91x | 1.43x | CA$-17.34 Million |
| 2024 | 21.19% | 16.07% | 0.93x | 1.42x | CA$45.70 Million |
| 2025 | 30.26% | 18.13% | 1.14x | 1.46x | CA$104.22 Million |
Industry Comparison
This section compares Mineros SA's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $3,323,818
- Average return on equity (ROE) among peers: -12.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mineros SA (MSA) | CA$514.42 Million | 36.78% | 0.46x | $50.15 Million |
| Athabasca Minerals Inc (ABM) | $14.67 Million | -17.11% | 0.38x | $3.80 Million |
| AIS Resources Ltd (AIS) | $733.20K | -18.86% | 0.02x | $1.22 Million |
| Algo Grande Copper Corp. (ALGR) | $3.28 Million | -19.80% | 0.18x | $7.66 Million |
| Alliance Mining Corp (ALM) | $-2.44 Million | 0.00% | 0.00x | $1.27 Million |
| Argus Metals Corp. (AML) | $-194.53K | 0.00% | 0.00x | $248.82K |
| Antler Gold Inc (ANTL) | $5.56 Million | -15.72% | 0.05x | $3.41 Million |
| Apogee Minerals Ltd (APMI) | $509.07K | -27.00% | 0.02x | $1.15 Million |
| Awale Resources Ltd (ARIC) | $11.21 Million | -15.12% | 0.10x | $38.72 Million |
| Au Gold Corp (AUGC) | $1.73 Million | -6.53% | 0.01x | $4.70 Million |
| AUX Resources Corporation (AUX) | $-1.82 Million | 0.00% | 0.00x | $12.37 Million |