Probe Gold Inc.
Probe Gold Inc., a precious metal exploration company, engages in the acquisition, exploration, and development of gold properties in Canada. the company's flagship asset is its 100%-owned Novador property comprising 436 square kilometers, which includes the Monique, Pascalis, and Courvan trends and their deposits located in the city of Val-d'Or, Quebec. It also acquired a 100% interest in the St… Read more
Probe Gold Inc. (PRB) - Net Assets
Latest net assets as of September 2025: CA$35.61 Million CAD
Based on the latest financial reports, Probe Gold Inc. (PRB) has net assets worth CA$35.61 Million CAD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$48.19 Million) and total liabilities (CA$12.58 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$35.61 Million |
| % of Total Assets | 73.89% |
| Annual Growth Rate | -5.21% |
| 5-Year Change | -38.16% |
| 10-Year Change | N/A |
| Growth Volatility | 11.85 |
Probe Gold Inc. - Net Assets Trend (2016–2024)
This chart illustrates how Probe Gold Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Probe Gold Inc. (2016–2024)
The table below shows the annual net assets of Probe Gold Inc. from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$19.45 Million | -24.26% |
| 2023-12-31 | CA$25.68 Million | -14.10% |
| 2022-12-31 | CA$29.90 Million | -3.49% |
| 2021-12-31 | CA$30.98 Million | -1.52% |
| 2020-12-31 | CA$31.46 Million | -8.02% |
| 2019-12-31 | CA$34.20 Million | +20.14% |
| 2018-12-31 | CA$28.47 Million | -3.48% |
| 2017-12-31 | CA$29.49 Million | -1.18% |
| 2016-12-31 | CA$29.85 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Probe Gold Inc.'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 decreased by 13120440800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$184.94 Million | 950.64% |
| Other Components | CA$9.45 Million | 48.57% |
| Total Equity | CA$19.45 Million | 100.00% |
Probe Gold Inc. Competitors by Market Cap
The table below lists competitors of Probe Gold Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sinopec Kantons Holdings Limited
F:SAK
|
$453.50 Million |
|
EverQuote Inc Class A
NASDAQ:EVER
|
$453.53 Million |
|
Saul Centers Inc
NYSE:BFS
|
$453.57 Million |
|
TBO Tek Ltd
NSE:TBOTEK
|
$453.62 Million |
|
Xiangyu Medical Co. Ltd. A
SHG:688626
|
$453.41 Million |
|
Anpec Electronics
TWO:6138
|
$453.31 Million |
|
Tangel Publishing
SHE:300148
|
$453.23 Million |
|
Bengang Steel Plates Co Ltd
SHE:000761
|
$452.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Probe Gold Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 25,683,311 to 19,453,769, a change of -6,229,542 (-24.3%).
- Net loss of 24,698,393 reduced equity.
- Share repurchases of 18,088,630 reduced equity.
- Other comprehensive income decreased equity by 3,679,449.
- Other factors increased equity by 40,236,930.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-24.70 Million | -126.96% |
| Share Repurchases | CA$18.09 Million | -92.98% |
| Other Comprehensive Income | CA$-3.68 Million | -18.91% |
| Other Changes | CA$40.24 Million | +206.83% |
| Total Change | CA$- | -24.26% |
Book Value vs Market Value Analysis
This analysis compares Probe Gold Inc.'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: 32.82x
- 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 increased from 11.25x to 32.82x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CA$0.32 | CA$3.64 | x |
| 2017-12-31 | CA$0.32 | CA$3.64 | x |
| 2018-12-31 | CA$0.28 | CA$3.64 | x |
| 2019-12-31 | CA$0.31 | CA$3.64 | x |
| 2020-12-31 | CA$0.25 | CA$3.64 | x |
| 2021-12-31 | CA$0.24 | CA$3.64 | x |
| 2022-12-31 | CA$0.20 | CA$3.64 | x |
| 2023-12-31 | CA$0.16 | CA$3.64 | x |
| 2024-12-31 | CA$0.11 | CA$3.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Probe Gold Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -126.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.76x
- Recent ROE (-126.96%) is below the historical average (-74.99%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -139.39% | 0.00% | 0.00x | 1.03x | CA$-44.59 Million |
| 2017 | -35.65% | 0.00% | 0.00x | 1.10x | CA$-13.46 Million |
| 2018 | -71.73% | 0.00% | 0.00x | 1.14x | CA$-23.27 Million |
| 2019 | -14.50% | 0.00% | 0.00x | 1.22x | CA$-8.38 Million |
| 2020 | -46.46% | 0.00% | 0.00x | 1.19x | CA$-17.76 Million |
| 2021 | -41.23% | 0.00% | 0.00x | 1.13x | CA$-15.87 Million |
| 2022 | -100.06% | 0.00% | 0.00x | 1.15x | CA$-32.91 Million |
| 2023 | -98.91% | 0.00% | 0.00x | 1.34x | CA$-27.97 Million |
| 2024 | -126.96% | 0.00% | 0.00x | 1.76x | CA$-26.64 Million |
Industry Comparison
This section compares Probe Gold Inc.'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 |
|---|---|---|---|---|
| Probe Gold Inc. (PRB) | CA$35.61 Million | -139.39% | 0.35x | $453.44 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 |