OceanaGold Corporation (OGC) - Net Assets
Based on the latest financial reports, OceanaGold Corporation (OGC) has net assets worth CA$2.12 Billion CAD (≈ $1.54 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$2.88 Billion ≈ $2.08 Billion USD) and total liabilities (CA$752.29 Million ≈ $544.20 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) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$2.12 Billion |
| % of Total Assets | 73.85% |
| Annual Growth Rate | 9.62% |
| 5-Year Change | 23.03% |
| 10-Year Change | 68.47% |
| Growth Volatility | 43.38 |
OceanaGold Corporation - Net Assets Trend (2004–2024)
This chart illustrates how OceanaGold Corporation's net assets have evolved over time, based on quarterly financial data. Also explore how large is OceanaGold Corporation's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for OceanaGold Corporation (2004–2024)
The table below shows the annual net assets of OceanaGold Corporation from 2004 to 2024. For live valuation and market cap data, see market cap of OceanaGold Corporation.
| Year | Net Assets | Change |
|---|---|---|
| 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 3889.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$611.24 Million | 33.60% |
| Common Stock | CA$1.22 Billion | 67.01% |
| Other Comprehensive Income | CA$-75.85 Million | -4.17% |
| Other Components | CA$64.76 Million | 3.56% |
| Total Equity | CA$1.82 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 |
|---|---|
|
SailPoint, Inc. Common Stock
NASDAQ:SAIL
|
$6.81 Billion |
|
Hellenic Telecommunications Organization S.A
AT:HTO
|
$6.82 Billion |
|
Avolta AG
SW:AVOL
|
$6.82 Billion |
|
Light & Wonder Inc
NASDAQ:LNW
|
$6.82 Billion |
|
American Airlines Group
NASDAQ:AAL
|
$6.80 Billion |
|
TPG Inc
NASDAQ:TPG
|
$6.80 Billion |
|
ASX LTD UNSPONS.ADR 1
F:AUX1
|
$6.79 Billion |
|
Valaris Ltd
NYSE:VAL
|
$6.79 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 2023 to 2024, total equity changed from 1,720,635,279 to 1,818,917,427, a change of 98,282,148 (5.7%).
- Net income of 187,400,000 contributed positively to equity growth.
- Dividend payments of 14,100,000 reduced retained earnings.
- Share repurchases of 24,100,000 reduced equity.
- New share issuances of 106,000,000 increased equity.
- Other comprehensive income decreased equity by 61,359,860.
- Other factors decreased equity by 95,557,992.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$187.40 Million | +10.3% |
| Dividends Paid | CA$14.10 Million | -0.78% |
| Share Repurchases | CA$24.10 Million | -1.32% |
| Share Issuances | CA$106.00 Million | +5.83% |
| Other Comprehensive Income | CA$-61.36 Million | -3.37% |
| Other Changes | CA$-95.56 Million | -5.25% |
| Total Change | CA$- | 5.71% |
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: 5.50x
- 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 7.23x to 5.50x 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$41.17 | x |
| 2005-12-31 | CA$2.09 | CA$41.17 | x |
| 2006-12-31 | CA$5.37 | CA$41.17 | x |
| 2007-12-31 | CA$7.26 | CA$41.17 | x |
| 2008-12-31 | CA$5.03 | CA$41.17 | x |
| 2009-12-31 | CA$5.31 | CA$41.17 | x |
| 2010-12-31 | CA$7.57 | CA$41.17 | x |
| 2011-12-31 | CA$4.68 | CA$41.17 | x |
| 2012-12-31 | CA$6.16 | CA$41.17 | x |
| 2013-12-31 | CA$6.26 | CA$41.17 | x |
| 2014-12-31 | CA$7.12 | CA$41.17 | x |
| 2015-12-31 | CA$8.91 | CA$41.17 | x |
| 2016-12-31 | CA$6.38 | CA$41.17 | x |
| 2017-12-31 | CA$7.04 | CA$41.17 | x |
| 2018-12-31 | CA$7.50 | CA$41.17 | x |
| 2019-12-31 | CA$7.21 | CA$41.17 | x |
| 2020-12-31 | CA$7.19 | CA$41.17 | x |
| 2021-12-31 | CA$6.41 | CA$41.17 | x |
| 2022-12-31 | CA$7.06 | CA$41.17 | x |
| 2023-12-31 | CA$7.14 | CA$41.17 | x |
| 2024-12-31 | CA$7.49 | CA$41.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently OceanaGold Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.30%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.48%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.43x
- Recent ROE (10.30%) is above the historical average (1.66%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 5.00% | 16.08% | 0.25x | 1.26x | CA$-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 |
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: $3,534,498,549
- Average return on equity (ROE) among peers: -16.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| OceanaGold Corporation (OGC) | CA$2.12 Billion | 5.00% | 0.35x | $6.80 Billion |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $3.60 Billion |
| Abcourt Mines Inc. (ABI) | $25.14 Million | 6.90% | 0.34x | $86.06 Million |
| Barrick Gold Corp (ABX) | $32.31 Billion | 6.26% | 0.45x | $63.93 Billion |
| American Eagle Gold Corp (AE) | $3.09 Million | -121.24% | 0.18x | $138.81 Million |
| Agnico Eagle Mines Limited (AEM) | $152.14 Million | 0.14% | 0.98x | $90.48 Billion |
| Alamos Gold Inc (AGI) | $2.74 Billion | -2.44% | 0.32x | $16.27 Billion |
| AIS Resources Ltd (AIS) | $710.09K | -3.25% | 0.03x | $1.76 Million |
| Alliance Mining Corp (ALM) | $-1.62 Million | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $1.70 Million | -35.22% | 0.08x | $38.60 Million |
| Almaden Minerals Ltd (AMM) | $9.85 Million | -13.46% | 0.05x | $24.82 Million |
About OceanaGold Corporation
OceanaGold Corporation, a gold and copper producer, engages in exploration, development, and operation of mineral properties in the United States, the Philippines, and New Zealand. The company engages in the development and operation of the Waihi North Project, which includes the high-grade Wharekirauponga Underground mine ("WUG"), located 10 kilometres north of the company's Waihi operation in N… Read more