Apollo Silver Corp (APGO) - Net Assets
Based on the latest financial reports, Apollo Silver Corp (APGO) has net assets worth CA$58.32 Million CAD (≈ $42.19 Million USD) as of February 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$58.94 Million ≈ $42.64 Million USD) and total liabilities (CA$621.84K ≈ $449.83K 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 tangible equity quality of Apollo Silver Corp to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$58.32 Million |
| % of Total Assets | 98.94% |
| Annual Growth Rate | 22.02% |
| 5-Year Change | -64.11% |
| 10-Year Change | N/A |
| Growth Volatility | 953.72 |
Apollo Silver Corp - Net Assets Trend (2001–2025)
This chart illustrates how Apollo Silver Corp's net assets have evolved over time, based on quarterly financial data. See Apollo Silver Corp (APGO) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Apollo Silver Corp (2001–2025)
The table below shows the annual net assets of Apollo Silver Corp from 2001 to 2025. For live valuation and market cap data, see market value of Apollo Silver Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2025-11-30 | CA$33.20 Million ≈ $24.01 Million |
+142.11% |
| 2024-11-30 | CA$13.71 Million ≈ $9.92 Million |
+287.01% |
| 2023-11-30 | CA$3.54 Million ≈ $2.56 Million |
-96.08% |
| 2022-11-30 | CA$90.41 Million ≈ $65.40 Million |
-2.24% |
| 2021-11-30 | CA$92.49 Million ≈ $66.90 Million |
+1391.64% |
| 2020-11-30 | CA$6.20 Million ≈ $4.49 Million |
+3263.54% |
| 2019-11-30 | CA$-195.99K ≈ $-141.78K |
-228.61% |
| 2018-11-30 | CA$-59.64K ≈ $-43.14K |
+35.85% |
| 2017-11-30 | CA$-92.97K ≈ $-67.25K |
-285.32% |
| 2016-11-30 | CA$-24.13K ≈ $-17.45K |
+70.82% |
| 2015-11-30 | CA$-82.69K ≈ $-59.82K |
-172.65% |
| 2014-11-30 | CA$113.83K ≈ $82.34K |
+25.09% |
| 2013-11-30 | CA$91.00K ≈ $65.83K |
-96.41% |
| 2012-11-30 | CA$2.54 Million ≈ $1.84 Million |
-3.29% |
| 2011-11-30 | CA$2.62 Million ≈ $1.90 Million |
+1373.21% |
| 2010-11-30 | CA$178.06K ≈ $128.80K |
+232.42% |
| 2009-11-30 | CA$-134.47K ≈ $-97.27K |
-128.98% |
| 2008-11-30 | CA$463.93K ≈ $335.60K |
-37.09% |
| 2007-11-30 | CA$737.41K ≈ $533.43K |
-6.64% |
| 2006-11-30 | CA$789.88K ≈ $571.39K |
+3729.55% |
| 2005-11-30 | CA$20.63K ≈ $14.92K |
+148.50% |
| 2004-11-30 | CA$-42.53K ≈ $-30.76K |
-105.02% |
| 2003-11-30 | CA$846.43K ≈ $612.29K |
+234.94% |
| 2002-11-30 | CA$252.71K ≈ $182.81K |
-9.65% |
| 2001-11-30 | CA$279.70K ≈ $202.33K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Apollo Silver Corp'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 11533768100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$148.57 Million | 447.54% |
| Total Equity | CA$33.20 Million | 100.00% |
Apollo Silver Corp Competitors by Market Cap
The table below lists competitors of Apollo Silver Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
P2 Gold Inc
V:PGLD
|
$142.19 Million |
|
Namyong Terminal PCL
BK:NYT
|
$142.23 Million |
|
PROQR THERAPEUTICS EO-04
F:0PQ
|
$142.34 Million |
|
Euroapi SAS
PA:EAPI
|
$142.40 Million |
|
Suheung Capsul
KO:008490
|
$142.12 Million |
|
Viet Dragon Securities Corp
VN:VDS
|
$142.10 Million |
|
THE REJECT SHOP LTD
F:RFD
|
$142.03 Million |
|
Entech SE SAS
PA:ALESE
|
$142.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Apollo Silver Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 13,711,571 to 33,196,701, a change of 19,485,130 (142.1%).
- Net loss of 9,381,345 reduced equity.
- New share issuances of 26,775,648 increased equity.
- Other factors increased equity by 2,090,827.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-9.38 Million | -28.26% |
| Share Issuances | CA$26.78 Million | +80.66% |
| Other Changes | CA$2.09 Million | +6.3% |
| Total Change | CA$- | 142.11% |
Book Value vs Market Value Analysis
This analysis compares Apollo Silver Corp'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: 5.28x
- 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 0.06x to 5.28x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-11-30 | CA$53.03 | CA$3.11 | x |
| 2002-11-30 | CA$40.43 | CA$3.11 | x |
| 2003-11-30 | CA$18.05 | CA$3.11 | x |
| 2004-11-30 | CA$-0.90 | CA$3.11 | x |
| 2005-11-30 | CA$0.41 | CA$3.11 | x |
| 2006-11-30 | CA$13.00 | CA$3.11 | x |
| 2007-11-30 | CA$11.83 | CA$3.11 | x |
| 2008-11-30 | CA$7.41 | CA$3.11 | x |
| 2009-11-30 | CA$-2.15 | CA$3.11 | x |
| 2010-11-30 | CA$1.37 | CA$3.11 | x |
| 2011-11-30 | CA$6.67 | CA$3.11 | x |
| 2012-11-30 | CA$3.67 | CA$3.11 | x |
| 2013-11-30 | CA$0.13 | CA$3.11 | x |
| 2014-11-30 | CA$0.04 | CA$3.11 | x |
| 2015-11-30 | CA$-0.03 | CA$3.11 | x |
| 2016-11-30 | CA$0.00 | CA$3.11 | x |
| 2017-11-30 | CA$-0.01 | CA$3.11 | x |
| 2018-11-30 | CA$0.00 | CA$3.11 | x |
| 2019-11-30 | CA$-0.01 | CA$3.11 | x |
| 2020-11-30 | CA$0.16 | CA$3.11 | x |
| 2021-11-30 | CA$0.96 | CA$3.11 | x |
| 2022-11-30 | CA$0.53 | CA$3.11 | x |
| 2023-11-30 | CA$0.02 | CA$3.11 | x |
| 2024-11-30 | CA$0.28 | CA$3.11 | x |
| 2025-11-30 | CA$0.59 | CA$3.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Apollo Silver Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -28.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.02x
- Recent ROE (-28.26%) is above the historical average (-234.20%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -12.08% | 0.00% | 0.00x | 1.06x | CA$-61.76K |
| 2002 | -10.68% | -613.36% | 0.02x | 1.07x | CA$-52.26K |
| 2003 | -24.51% | -6.53% | 1.28x | 2.93x | CA$-292.10K |
| 2004 | 0.00% | -30.25% | 1.09x | 0.00x | CA$-987.67K |
| 2005 | -1823.40% | -21.48% | 0.71x | 119.31x | CA$-378.16K |
| 2006 | 83.74% | 27.65% | 0.85x | 3.55x | CA$582.45K |
| 2007 | -14.89% | -5.18% | 0.81x | 3.56x | CA$-183.52K |
| 2008 | -58.95% | -14.70% | 0.79x | 5.05x | CA$-319.88K |
| 2009 | 0.00% | -39.82% | 0.85x | 0.00x | CA$-584.95K |
| 2010 | -609.03% | 0.00% | 0.00x | 1.49x | CA$-1.10 Million |
| 2011 | -38.01% | 0.00% | 0.00x | 1.09x | CA$-1.26 Million |
| 2012 | -26.50% | 0.00% | 0.00x | 1.04x | CA$-925.98K |
| 2013 | -2704.33% | 0.00% | 0.00x | 3.12x | CA$-2.47 Million |
| 2014 | -409.37% | 0.00% | 0.00x | 1.51x | CA$-477.37K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-188.98K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-137.15K |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-109.03K |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-126.21K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-116.75K |
| 2020 | -25.19% | 0.00% | 0.00x | 1.02x | CA$-2.18 Million |
| 2021 | -2.93% | 0.00% | 0.00x | 1.03x | CA$-11.96 Million |
| 2022 | -11.73% | 0.00% | 0.00x | 1.03x | CA$-19.65 Million |
| 2023 | -117.02% | 0.00% | 0.00x | 1.10x | CA$-4.50 Million |
| 2024 | -21.83% | 0.00% | 0.00x | 1.03x | CA$-4.37 Million |
| 2025 | -28.26% | 0.00% | 0.00x | 1.02x | CA$-12.70 Million |
Industry Comparison
This section compares Apollo Silver Corp's net assets metrics with peer companies in the Silver industry.
Industry Context
- Industry: Silver
- Average net assets among peers: $23,429,167
- Average return on equity (ROE) among peers: -25.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Apollo Silver Corp (APGO) | CA$58.32 Million | -12.08% | 0.01x | $142.14 Million |
| Silver Mountain Resources Inc (AGMR) | $5.87 Million | -13.94% | 0.44x | $158.25 Million |
| Americore Resources Corp. (AMCO) | $8.11 Million | -43.42% | 0.02x | $6.67 Million |
| Aya Gold & Silver Inc (AYA) | $140.00 Million | -0.22% | 0.15x | $2.83 Billion |
| Hercules Metals Corp. (BIG) | $12.62 Million | -157.68% | 0.09x | $148.71 Million |
| Bunker Hill Mining Corp. (BNKR) | $-26.18 Million | 0.00% | 0.00x | $307.44 Million |
| Dolly Varden Silver Corporation (DV) | $19.88 Million | -5.68% | 0.03x | $247.57 Million |
| Endeavour Silver Corp. (EDR) | $17.19K | 63.86% | 0.77x | $2.73 Billion |
| Excellon Resources Inc. (EXN) | $19.74 Million | -34.82% | 0.25x | $12.37 Million |
| Guanajuato Silver Company Ltd (GSVR) | $30.80 Million | -38.47% | 0.67x | $302.70 Million |
About Apollo Silver Corp
Apollo Silver Corp. explores and develops silver properties in the United States, Canada, and Mexico. Its flagship project is the Calico Project that covers an area of 8,283 acres located in Mojave Desert of San Bernardino County, California. The company was formerly known as Apollo Gold & Silver Corp. and changed its name to Apollo Silver Corp. in September 2021. Apollo Silver Corp. was incorpor… Read more