Azimut Exploration Inc. (AZM) - Net Assets
Based on the latest financial reports, Azimut Exploration Inc. (AZM) has net assets worth CA$57.17 Million CAD as of November 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$64.58 Million) and total liabilities (CA$7.41 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$57.17 Million |
| % of Total Assets | 88.52% |
| Annual Growth Rate | 25.2% |
| 5-Year Change | 27.46% |
| 10-Year Change | 799.98% |
| Growth Volatility | 87.3 |
Azimut Exploration Inc. - Net Assets Trend (2002–2025)
This chart illustrates how Azimut Exploration 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 Azimut Exploration Inc. (2002–2025)
The table below shows the annual net assets of Azimut Exploration Inc. from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-08-31 | CA$56.51 Million | +13.56% |
| 2024-08-31 | CA$49.76 Million | +14.31% |
| 2023-08-31 | CA$43.53 Million | -7.72% |
| 2022-08-31 | CA$47.18 Million | +6.41% |
| 2021-08-31 | CA$44.33 Million | +205.10% |
| 2020-08-31 | CA$14.53 Million | +137.47% |
| 2019-08-31 | CA$6.12 Million | +4.43% |
| 2018-08-31 | CA$5.86 Million | +26.16% |
| 2017-08-31 | CA$4.64 Million | -26.03% |
| 2016-08-31 | CA$6.28 Million | +48.60% |
| 2015-08-31 | CA$4.23 Million | -43.49% |
| 2014-08-31 | CA$7.48 Million | -22.13% |
| 2013-08-31 | CA$9.60 Million | -23.02% |
| 2012-08-31 | CA$12.47 Million | +1.39% |
| 2011-08-31 | CA$12.30 Million | +131.82% |
| 2010-08-31 | CA$5.31 Million | +103.80% |
| 2009-08-31 | CA$2.60 Million | -8.05% |
| 2008-08-31 | CA$2.83 Million | -12.06% |
| 2007-08-31 | CA$3.22 Million | +192.73% |
| 2006-08-31 | CA$1.10 Million | -8.65% |
| 2005-08-31 | CA$1.20 Million | +163.88% |
| 2004-08-31 | CA$456.39K | +287.42% |
| 2003-08-31 | CA$-243.52K | -175.73% |
| 2002-08-31 | CA$321.54K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Azimut Exploration 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 2412038400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (August 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$84.05 Million | 148.74% |
| Total Equity | CA$56.51 Million | 100.00% |
Azimut Exploration Inc. Competitors by Market Cap
The table below lists competitors of Azimut Exploration Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ASTech Co., Ltd.
KQ:453860
|
$53.92 Million |
|
Universal Textile Co Ltd
TW:1445
|
$53.93 Million |
|
INTER RAO Lietuva AB
WAR:IRL
|
$53.94 Million |
|
Investigator Resources Limited
F:VOP
|
$53.94 Million |
|
Sharps Technology Inc
NASDAQ:STSS
|
$53.91 Million |
|
Zomedica Pharmaceuticals Corp
NYSE MKT:ZOM
|
$53.90 Million |
|
PyroGenesis Inc
F:8PY1
|
$53.89 Million |
|
Dsr Wire
KO:069730
|
$53.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Azimut Exploration Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 49,761,834 to 56,507,324, a change of 6,745,490 (13.6%).
- Net loss of 2,478,872 reduced equity.
- New share issuances of 8,712,400 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-2.48 Million | -4.39% |
| Share Issuances | CA$8.71 Million | +15.42% |
| Other Changes | CA$511.96K | +0.91% |
| Total Change | CA$- | 13.56% |
Book Value vs Market Value Analysis
This analysis compares Azimut Exploration 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: 1.32x
- 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 18.55x to 1.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-08-31 | CA$0.04 | CA$0.74 | x |
| 2003-08-31 | CA$-0.03 | CA$0.74 | x |
| 2004-08-31 | CA$0.05 | CA$0.74 | x |
| 2005-08-31 | CA$0.09 | CA$0.74 | x |
| 2006-08-31 | CA$0.07 | CA$0.74 | x |
| 2007-08-31 | CA$0.19 | CA$0.74 | x |
| 2008-08-31 | CA$0.16 | CA$0.74 | x |
| 2009-08-31 | CA$0.15 | CA$0.74 | x |
| 2010-08-31 | CA$0.23 | CA$0.74 | x |
| 2011-08-31 | CA$0.42 | CA$0.74 | x |
| 2012-08-31 | CA$0.35 | CA$0.74 | x |
| 2013-08-31 | CA$0.26 | CA$0.74 | x |
| 2014-08-31 | CA$0.20 | CA$0.74 | x |
| 2015-08-31 | CA$0.11 | CA$0.74 | x |
| 2016-08-31 | CA$0.16 | CA$0.74 | x |
| 2017-08-31 | CA$0.10 | CA$0.74 | x |
| 2018-08-31 | CA$0.12 | CA$0.74 | x |
| 2019-08-31 | CA$0.12 | CA$0.74 | x |
| 2020-08-31 | CA$0.24 | CA$0.74 | x |
| 2021-08-31 | CA$0.63 | CA$0.74 | x |
| 2022-08-31 | CA$0.58 | CA$0.74 | x |
| 2023-08-31 | CA$0.55 | CA$0.74 | x |
| 2024-08-31 | CA$0.58 | CA$0.74 | x |
| 2025-08-31 | CA$0.56 | CA$0.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Azimut Exploration Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -4.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -682.51%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.17x
- Recent ROE (-4.39%) is above the historical average (-22.83%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 5.05% | 328.24% | 0.01x | 2.15x | CA$-15.91K |
| 2003 | 0.00% | -3930.68% | 0.13x | 0.00x | CA$-668.86K |
| 2004 | -76.95% | -6362.17% | 0.01x | 1.30x | CA$-396.83K |
| 2005 | -22.16% | -196.76% | 0.11x | 1.07x | CA$-387.35K |
| 2006 | -81.33% | -228.92% | 0.26x | 1.37x | CA$-1.00 Million |
| 2007 | -4.19% | -10.84% | 0.33x | 1.17x | CA$-456.93K |
| 2008 | -18.54% | -27.24% | 0.34x | 1.99x | CA$-808.38K |
| 2009 | -102.79% | 0.00% | 0.00x | 1.73x | CA$-2.94 Million |
| 2010 | -15.41% | 0.00% | 0.00x | 1.57x | CA$-1.35 Million |
| 2011 | -6.71% | 0.00% | 0.00x | 1.17x | CA$-2.06 Million |
| 2012 | -10.47% | 0.00% | 0.00x | 1.06x | CA$-2.55 Million |
| 2013 | -31.21% | 0.00% | 0.00x | 1.06x | CA$-3.96 Million |
| 2014 | -32.63% | 0.00% | 0.00x | 1.06x | CA$-3.19 Million |
| 2015 | -79.40% | 0.00% | 0.00x | 1.08x | CA$-3.78 Million |
| 2016 | -4.72% | -2603.48% | 0.00x | 1.20x | CA$-924.05K |
| 2017 | -42.21% | -1377.78% | 0.02x | 1.65x | CA$-2.43 Million |
| 2018 | -0.32% | -10.97% | 0.02x | 1.36x | CA$-604.88K |
| 2019 | -15.63% | -241.08% | 0.04x | 1.53x | CA$-1.57 Million |
| 2020 | -2.09% | -168.40% | 0.01x | 1.26x | CA$-1.76 Million |
| 2021 | -1.24% | -175.07% | 0.01x | 1.17x | CA$-4.98 Million |
| 2022 | 3.43% | 1504.96% | 0.00x | 1.15x | CA$-3.10 Million |
| 2023 | -4.21% | -1312.00% | 0.00x | 1.07x | CA$-6.18 Million |
| 2024 | 0.09% | 9.60% | 0.01x | 1.16x | CA$-4.93 Million |
| 2025 | -4.39% | -682.51% | 0.01x | 1.17x | CA$-8.13 Million |
Industry Comparison
This section compares Azimut Exploration Inc.'s net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $20,343,055
- Average return on equity (ROE) among peers: -32.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Azimut Exploration Inc. (AZM) | CA$57.17 Million | 5.05% | 0.13x | $53.92 Million |
| Aftermath Silver Ltd (AAG) | $26.16 Million | -23.42% | 0.41x | $215.07 Million |
| Aton Resources Inc (AAN) | $-9.49 Million | 0.00% | 0.00x | $52.55 Million |
| Asbestos Corporation Limited (AB-H) | $-20.67 Million | 0.00% | 0.00x | $1.85 Million |
| Arbor Metals Corp (ABR) | $384.49K | -219.08% | 1.89x | $10.15 Million |
| Asiabasemetals Inc (ABZ) | $-91.78K | 0.00% | 0.00x | $5.75 Million |
| Adex Mining Inc (ADE) | $13.66 Million | -11.99% | 0.07x | $27.09 Million |
| AE Fuels Corporation (AEF) | $423.41K | -11.49% | 0.28x | $4.95 Million |
| Alphamin Res (AFM) | $174.59 Million | 2.85% | 0.82x | $1.27 Billion |
| African Metals Corporation (AFR) | $-227.17K | 0.00% | 0.00x | $1.00 Million |
| Silver X Mining Corp (AGX) | $18.71 Million | -66.45% | 1.77x | $148.73 Million |
About Azimut Exploration Inc.
Azimut Exploration Inc. engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It primarily explores for gold, copper, nickel, antimony, and lithium. The company holds 100% interest in its flagship Elmer gold project, covering an area of 34,660 hectares located in the James Bay region. Azimut Exploration Inc. was incorporated in 1986 and is based in Longueuil, Ca… Read more