Steppe Gold Ltd (STGO) - Net Assets
Based on the latest financial reports, Steppe Gold Ltd (STGO) has net assets worth CA$142.82 Million CAD (≈ $103.32 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$358.38 Million ≈ $259.25 Million USD) and total liabilities (CA$215.55 Million ≈ $155.93 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 STGO intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$142.82 Million |
| % of Total Assets | 39.85% |
| Annual Growth Rate | 120.85% |
| 5-Year Change | 1935.99% |
| 10-Year Change | N/A |
| Growth Volatility | 926.19 |
Steppe Gold Ltd - Net Assets Trend (2016–2025)
This chart illustrates how Steppe Gold Ltd's net assets have evolved over time, based on quarterly financial data. See STGO defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Steppe Gold Ltd (2016–2025)
The table below shows the annual net assets of Steppe Gold Ltd from 2016 to 2025. For live valuation and market cap data, see Steppe Gold Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$142.82 Million ≈ $103.32 Million |
+29.76% |
| 2024-12-31 | CA$110.06 Million ≈ $79.62 Million |
+129.30% |
| 2023-12-31 | CA$48.00 Million ≈ $34.72 Million |
+178.70% |
| 2022-12-31 | CA$17.22 Million ≈ $12.46 Million |
+145.52% |
| 2021-12-31 | CA$7.01 Million ≈ $5.07 Million |
-83.03% |
| 2020-12-31 | CA$41.33 Million ≈ $29.90 Million |
+273.31% |
| 2019-12-31 | CA$11.07 Million ≈ $8.01 Million |
-33.36% |
| 2018-12-31 | CA$16.61 Million ≈ $12.02 Million |
+362.38% |
| 2017-12-31 | CA$3.59 Million ≈ $2.60 Million |
+3041.92% |
| 2016-12-31 | CA$114.35K ≈ $82.72K |
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Equity Component Analysis
This analysis shows how different components contribute to Steppe Gold Ltd'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 8946937475.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$88.98 Million | 62.27% |
| Common Stock | CA$55.42 Million | 38.79% |
| Other Comprehensive Income | CA$-1.51 Million | -1.06% |
| Total Equity | CA$142.89 Million | 100.00% |
Steppe Gold Ltd Competitors by Market Cap
The table below lists competitors of Steppe Gold Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Grupo Industrial Saltillo S.A.B. de C.V
MX:GISSAA
|
$219.53 Million |
|
SAMYANG NC Chem
KQ:482630
|
$219.53 Million |
|
Udaipur Cement Works Limited
NSE:UDAICEMENT
|
$219.63 Million |
|
Akenerji Elektrik Uretim AS
IS:AKENR
|
$219.66 Million |
|
Tureks Turizm Tasimacilik AS
IS:TUREX
|
$219.40 Million |
|
Kuen Chaang Uppertech
TWO:6265
|
$219.29 Million |
|
DreamTech Co Ltd
KO:192650
|
$219.16 Million |
|
Geojit Financial Services Limited
NSE:GEOJITFSL
|
$219.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Steppe Gold Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 110,093,000 to 142,889,000, a change of 32,796,000 (29.8%).
- Net income of 32,734,000 contributed positively to equity growth.
- Dividend payments of 1,895,000 reduced retained earnings.
- Other comprehensive income increased equity by 62,000.
- Other factors increased equity by 1,895,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$32.73 Million | +22.91% |
| Dividends Paid | CA$1.90 Million | -1.33% |
| Other Comprehensive Income | CA$62.00K | +0.04% |
| Other Changes | CA$1.90 Million | +1.33% |
| Total Change | CA$- | 29.79% |
Book Value vs Market Value Analysis
This analysis compares Steppe Gold Ltd'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: 2.16x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 92.35x to 2.16x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CA$0.01 | CA$1.20 | x |
| 2017-12-31 | CA$0.18 | CA$1.20 | x |
| 2018-12-31 | CA$0.46 | CA$1.20 | x |
| 2019-12-31 | CA$0.27 | CA$1.20 | x |
| 2020-12-31 | CA$0.74 | CA$1.20 | x |
| 2021-12-31 | CA$0.08 | CA$1.20 | x |
| 2022-12-31 | CA$0.25 | CA$1.20 | x |
| 2023-12-31 | CA$0.34 | CA$1.20 | x |
| 2024-12-31 | CA$0.58 | CA$1.20 | x |
| 2025-12-31 | CA$0.56 | CA$1.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Steppe Gold Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 22.91%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.88%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 2.51x
- Recent ROE (22.91%) is above the historical average (-209.21%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -1727.52% | 0.00% | 0.00x | 2.52x | CA$-1.99 Million |
| 2017 | -196.44% | 0.00% | 0.00x | 7.32x | CA$-7.42 Million |
| 2018 | -72.66% | 0.00% | 0.00x | 2.61x | CA$-13.80 Million |
| 2019 | -58.42% | -33.47% | 0.37x | 4.78x | CA$-7.65 Million |
| 2020 | -9.76% | -7.78% | 0.61x | 2.07x | CA$-8.20 Million |
| 2021 | -311.94% | -94.28% | 0.16x | 20.12x | CA$-23.40 Million |
| 2022 | 90.07% | 25.58% | 0.86x | 4.10x | CA$14.18 Million |
| 2023 | 115.95% | 103.87% | 0.55x | 2.02x | CA$51.48 Million |
| 2024 | 55.73% | 34.44% | 0.51x | 3.20x | CA$50.34 Million |
| 2025 | 22.91% | 12.88% | 0.71x | 2.51x | CA$18.45 Million |
Industry Comparison
This section compares Steppe Gold Ltd's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $3,457,076,334
- Average return on equity (ROE) among peers: -12.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Steppe Gold Ltd (STGO) | CA$142.82 Million | -1727.52% | 1.51x | $219.47 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $3.29 Billion |
| Abcourt Mines Inc. (ABI) | $3.33 Million | -20.67% | 0.04x | $77.46 Million |
| Barrick Gold Corp (ABX) | $32.31 Billion | 6.26% | 0.45x | $70.55 Billion |
| American Eagle Gold Corp (AE) | $35.20 Million | -22.32% | 0.04x | $142.56 Million |
| Agnico Eagle Mines Limited (AEM) | $2.06 Billion | 6.77% | 0.33x | $86.35 Billion |
| Alamos Gold Inc (AGI) | $25.69 Million | -7.53% | 0.11x | $15.94 Billion |
| AIS Resources Ltd (AIS) | $479.48K | -11.79% | 0.06x | $2.79 Million |
| Alliance Mining Corp (ALM) | $-655.60K | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $24.24 Million | -6.73% | 0.03x | $41.82 Million |
| Almaden Minerals Ltd (AMM) | $5.18 Million | -58.59% | 0.09x | $24.82 Million |
About Steppe Gold Ltd
Steppe Gold Ltd. engages in operating, developing, exploring, and acquiring precious metal projects in Mongolia and Peru. Its properties contain 100% owned Altan Tsagaan Ovoo property covering an area of approximately 5,492 hectares located in Ulaanbaatar, Mongolia; Boroo and Ulaanbulag mine property covering an area of approximately 6,594 hectares located in Mongolia. The company's Uudam Khundii… Read more