OceanaGold Corporation (OGC) - Net Assets
Based on the latest financial reports, OceanaGold Corporation (OGC) has net assets worth CA$2.50 Billion CAD (≈ $1.81 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$3.48 Billion ≈ $2.51 Billion USD) and total liabilities (CA$980.19 Million ≈ $709.06 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 OceanaGold Corporation (OGC) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$2.50 Billion |
| % of Total Assets | 71.8% |
| Annual Growth Rate | 10.22% |
| 5-Year Change | 54.27% |
| 10-Year Change | 78.7% |
| Growth Volatility | 42.35 |
OceanaGold Corporation - Net Assets Trend (2004–2025)
This chart illustrates how OceanaGold Corporation's net assets have evolved over time, based on quarterly financial data. See OceanaGold Corporation liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for OceanaGold Corporation (2004–2025)
The table below shows the annual net assets of OceanaGold Corporation from 2004 to 2025. For live valuation and market cap data, see market cap of OceanaGold Corporation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$2.37 Billion ≈ $1.71 Billion |
+22.93% |
| 2024-12-31 | CA$1.93 Billion ≈ $1.39 Billion |
+11.90% |
| 2023-12-31 | CA$1.72 Billion ≈ $1.24 Billion |
+1.83% |
| 2022-12-31 | CA$1.69 Billion ≈ $1.22 Billion |
+10.13% |
| 2021-12-31 | CA$1.53 Billion ≈ $1.11 Billion |
-1.96% |
| 2020-12-31 | CA$1.56 Billion ≈ $1.13 Billion |
+2.76% |
| 2019-12-31 | CA$1.52 Billion ≈ $1.10 Billion |
-3.09% |
| 2018-12-31 | CA$1.57 Billion ≈ $1.14 Billion |
+6.99% |
| 2017-12-31 | CA$1.47 Billion ≈ $1.06 Billion |
+10.89% |
| 2016-12-31 | CA$1.32 Billion ≈ $958.13 Million |
+15.90% |
| 2015-12-31 | CA$1.14 Billion ≈ $826.71 Million |
+56.83% |
| 2014-12-31 | CA$728.73 Million ≈ $527.15 Million |
+16.84% |
| 2013-12-31 | CA$623.71 Million ≈ $451.19 Million |
+2.53% |
| 2012-12-31 | CA$608.35 Million ≈ $440.07 Million |
+27.01% |
| 2011-12-31 | CA$478.97 Million ≈ $346.48 Million |
-29.99% |
| 2010-12-31 | CA$684.19 Million ≈ $494.93 Million |
+80.34% |
| 2009-12-31 | CA$379.39 Million ≈ $274.45 Million |
+40.54% |
| 2008-12-31 | CA$269.96 Million ≈ $195.28 Million |
-23.95% |
| 2007-12-31 | CA$354.98 Million ≈ $256.79 Million |
+22.79% |
| 2006-12-31 | CA$289.09 Million ≈ $209.12 Million |
+156.34% |
| 2005-12-31 | CA$112.78 Million ≈ $81.58 Million |
-63.23% |
| 2004-12-31 | CA$306.67 Million ≈ $221.84 Million |
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Equity Component Analysis
This analysis shows how different components contribute to OceanaGold Corporation'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 6996.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$1.09 Billion | 48.04% |
| Common Stock | CA$1.17 Billion | 51.57% |
| Other Comprehensive Income | CA$-59.79 Million | -2.64% |
| Other Components | CA$68.48 Million | 3.03% |
| Total Equity | CA$2.26 Billion | 100.00% |
OceanaGold Corporation Competitors by Market Cap
The table below lists competitors of OceanaGold Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
First International Bank of Israel Ltd
TA:FIBI
|
$6.05 Billion |
|
Dongxing Sec Co Ltd
SHG:601198
|
$6.05 Billion |
|
Elis SA
PA:ELIS
|
$6.07 Billion |
|
Fastighets AB Balder (publ)
ST:BALD-B
|
$6.07 Billion |
|
L&K Engineering Co Ltd
TW:6139
|
$6.04 Billion |
|
Isupetasys
KO:007660
|
$6.04 Billion |
|
BOC Aviation Limited
F:8BO
|
$6.04 Billion |
|
Flagstar Financial, Inc.
NYSE:FLG
|
$6.04 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in OceanaGold Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,818,917,427 to 2,262,974,218, a change of 444,056,791 (24.4%).
- Net income of 639,705,728 contributed positively to equity growth.
- Dividend payments of 28,184,903 reduced retained earnings.
- Share repurchases of 178,165,218 reduced equity.
- Other comprehensive income increased equity by 16,063,863.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$639.71 Million | +28.27% |
| Dividends Paid | CA$28.18 Million | -1.25% |
| Share Repurchases | CA$178.17 Million | -7.87% |
| Other Comprehensive Income | CA$16.06 Million | +0.71% |
| Other Changes | CA$-5.36 Million | -0.24% |
| Total Change | CA$- | 24.41% |
Book Value vs Market Value Analysis
This analysis compares OceanaGold Corporation'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: 3.85x
- 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 6.56x to 3.85x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | CA$5.69 | CA$37.36 | x |
| 2005-12-31 | CA$2.09 | CA$37.36 | x |
| 2006-12-31 | CA$5.37 | CA$37.36 | x |
| 2007-12-31 | CA$7.26 | CA$37.36 | x |
| 2008-12-31 | CA$5.03 | CA$37.36 | x |
| 2009-12-31 | CA$5.31 | CA$37.36 | x |
| 2010-12-31 | CA$7.57 | CA$37.36 | x |
| 2011-12-31 | CA$4.68 | CA$37.36 | x |
| 2012-12-31 | CA$6.16 | CA$37.36 | x |
| 2013-12-31 | CA$6.26 | CA$37.36 | x |
| 2014-12-31 | CA$7.12 | CA$37.36 | x |
| 2015-12-31 | CA$8.91 | CA$37.36 | x |
| 2016-12-31 | CA$6.38 | CA$37.36 | x |
| 2017-12-31 | CA$7.04 | CA$37.36 | x |
| 2018-12-31 | CA$7.50 | CA$37.36 | x |
| 2019-12-31 | CA$7.21 | CA$37.36 | x |
| 2020-12-31 | CA$7.19 | CA$37.36 | x |
| 2021-12-31 | CA$6.41 | CA$37.36 | x |
| 2022-12-31 | CA$7.06 | CA$37.36 | x |
| 2023-12-31 | CA$7.14 | CA$37.36 | x |
| 2024-12-31 | CA$7.49 | CA$37.36 | x |
| 2025-12-31 | CA$9.69 | CA$37.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently OceanaGold Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 28.27%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 33.21%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.51x
- Recent ROE (28.27%) is above the historical average (2.87%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 5.00% | 16.08% | 0.25x | 1.26x | CA$-15.35 Million |
| 2005 | 9.03% | 12.24% | 0.35x | 2.13x | CA$-1.09 Million |
| 2006 | -28.96% | -108.10% | 0.12x | 2.16x | CA$-112.63 Million |
| 2007 | -19.45% | -78.46% | 0.11x | 2.32x | CA$-104.54 Million |
| 2008 | -20.28% | -25.17% | 0.30x | 2.69x | CA$-81.73 Million |
| 2009 | 14.37% | 23.00% | 0.30x | 2.07x | CA$16.57 Million |
| 2010 | 6.49% | 14.54% | 0.29x | 1.52x | CA$-23.98 Million |
| 2011 | 9.22% | 11.16% | 0.48x | 1.71x | CA$-3.73 Million |
| 2012 | 3.40% | 5.36% | 0.37x | 1.69x | CA$-40.16 Million |
| 2013 | -7.67% | -8.64% | 0.59x | 1.52x | CA$-110.23 Million |
| 2014 | 15.31% | 19.80% | 0.54x | 1.42x | CA$38.66 Million |
| 2015 | 4.64% | 10.45% | 0.32x | 1.39x | CA$-61.22 Million |
| 2016 | 10.30% | 21.71% | 0.33x | 1.45x | CA$4.00 Million |
| 2017 | 11.70% | 23.72% | 0.36x | 1.39x | CA$24.92 Million |
| 2018 | 7.74% | 15.75% | 0.35x | 1.40x | CA$-35.44 Million |
| 2019 | 0.95% | 2.23% | 0.31x | 1.39x | CA$-137.78 Million |
| 2020 | -9.61% | -30.07% | 0.22x | 1.44x | CA$-306.89 Million |
| 2021 | -0.24% | -0.50% | 0.32x | 1.50x | CA$-157.12 Million |
| 2022 | 7.85% | 13.71% | 0.41x | 1.41x | CA$-36.37 Million |
| 2023 | 4.83% | 8.10% | 0.40x | 1.48x | CA$-88.96 Million |
| 2024 | 10.30% | 14.48% | 0.50x | 1.43x | CA$5.51 Million |
| 2025 | 28.27% | 33.21% | 0.56x | 1.51x | CA$413.41 Million |
Industry Comparison
This section compares OceanaGold Corporation's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $2,627,283,631
- Average return on equity (ROE) among peers: -26.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| OceanaGold Corporation (OGC) | CA$2.50 Billion | 5.00% | 0.39x | $6.05 Billion |
| Allied Gold Corporation (AAUC) | $416.30 Million | -27.78% | 2.17x | $3.28 Billion |
| Abcourt Mines Inc. (ABI) | $307.00K | -91.86% | 0.01x | $60.24 Million |
| Barrick Gold Corp (ABX) | $5.60 Billion | 4.09% | 0.38x | $69.18 Billion |
| American Eagle Gold Corp (AE) | $3.09 Million | -121.24% | 0.18x | $132.56 Million |
| Agnico Eagle Mines Limited (AEM) | $19.42 Billion | 9.99% | 0.48x | $85.39 Billion |
| Alamos Gold Inc (AGI) | $811.95 Million | 4.78% | 0.11x | $15.61 Billion |
| AIS Resources Ltd (AIS) | $2.11 Million | -4.60% | 0.02x | $2.79 Million |
| Alliance Mining Corp (ALM) | $-2.11 Million | 0.00% | 0.00x | $1.90 Million |
| Altamira Gold Corp (ALTA) | $12.15 Million | -9.13% | 0.05x | $37.53 Million |
| Almaden Minerals Ltd (AMM) | $9.76 Million | -31.42% | 0.05x | $24.82 Million |
About OceanaGold Corporation
OceanaGold Corporation engages in the exploration, development, and operation of gold and gold/copper mines in the United States, the Philippines, and New Zealand. It explores for gold, copper, and silver deposits. The company was founded in 1990 and is headquartered in Vancouver, Canada.