Azimut Exploration Inc. (AZM) - Net Assets
Based on the latest financial reports, Azimut Exploration Inc. (AZM) has net assets worth CA$68.32 Million CAD (≈ $49.42 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$75.06 Million ≈ $54.30 Million USD) and total liabilities (CA$6.74 Million ≈ $4.88 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 Azimut Exploration Inc. tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$68.32 Million |
| % of Total Assets | 91.02% |
| 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. See Azimut Exploration Inc. (AZM) defensive interval to measure how many days the company can operate on defensive assets alone.
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. For live valuation and market cap data, see Azimut Exploration Inc. stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-08-31 | CA$56.51 Million ≈ $40.88 Million |
+13.56% |
| 2024-08-31 | CA$49.76 Million ≈ $36.00 Million |
+14.31% |
| 2023-08-31 | CA$43.53 Million ≈ $31.49 Million |
-7.72% |
| 2022-08-31 | CA$47.18 Million ≈ $34.13 Million |
+6.41% |
| 2021-08-31 | CA$44.33 Million ≈ $32.07 Million |
+205.10% |
| 2020-08-31 | CA$14.53 Million ≈ $10.51 Million |
+137.47% |
| 2019-08-31 | CA$6.12 Million ≈ $4.43 Million |
+4.43% |
| 2018-08-31 | CA$5.86 Million ≈ $4.24 Million |
+26.16% |
| 2017-08-31 | CA$4.64 Million ≈ $3.36 Million |
-26.03% |
| 2016-08-31 | CA$6.28 Million ≈ $4.54 Million |
+48.60% |
| 2015-08-31 | CA$4.23 Million ≈ $3.06 Million |
-43.49% |
| 2014-08-31 | CA$7.48 Million ≈ $5.41 Million |
-22.13% |
| 2013-08-31 | CA$9.60 Million ≈ $6.95 Million |
-23.02% |
| 2012-08-31 | CA$12.47 Million ≈ $9.02 Million |
+1.39% |
| 2011-08-31 | CA$12.30 Million ≈ $8.90 Million |
+131.82% |
| 2010-08-31 | CA$5.31 Million ≈ $3.84 Million |
+103.80% |
| 2009-08-31 | CA$2.60 Million ≈ $1.88 Million |
-8.05% |
| 2008-08-31 | CA$2.83 Million ≈ $2.05 Million |
-12.06% |
| 2007-08-31 | CA$3.22 Million ≈ $2.33 Million |
+192.73% |
| 2006-08-31 | CA$1.10 Million ≈ $795.85K |
-8.65% |
| 2005-08-31 | CA$1.20 Million ≈ $871.19K |
+163.88% |
| 2004-08-31 | CA$456.39K ≈ $330.15K |
+287.42% |
| 2003-08-31 | CA$-243.52K ≈ $-176.16K |
-175.73% |
| 2002-08-31 | CA$321.54K ≈ $232.60K |
-- |
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 |
|---|---|
|
KWG Group Holdings Limited
F:KOU
|
$49.57 Million |
|
BranchOut Food Inc. Common Stock
NASDAQ:BOF
|
$49.58 Million |
|
Vanet Gida Sanayi Ic ve Dis Ticaret AS
IS:VANGD
|
$49.58 Million |
|
180 Degree Capital Corp
NASDAQ:TURN
|
$49.60 Million |
|
KESM Industries Bhd
KLSE:9334
|
$49.57 Million |
|
Poh Huat Resources Holdings
KLSE:7088
|
$49.56 Million |
|
Haesung Optics Co. Ltd
KQ:076610
|
$49.55 Million |
|
QTC Energy Public Company Limited
BK:QTC
|
$49.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Azimut Exploration Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 49,761,834 to 56,507,324, a change of 6,745,490 (13.6%).
- Net loss of 2,478,872 reduced equity.
- New share issuances of 8,712,400 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-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: 1.21x
- 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 17.05x to 1.21x 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$0.68 | x |
| 2003-08-31 | CA$-0.03 | CA$0.68 | x |
| 2004-08-31 | CA$0.05 | CA$0.68 | x |
| 2005-08-31 | CA$0.09 | CA$0.68 | x |
| 2006-08-31 | CA$0.07 | CA$0.68 | x |
| 2007-08-31 | CA$0.19 | CA$0.68 | x |
| 2008-08-31 | CA$0.16 | CA$0.68 | x |
| 2009-08-31 | CA$0.15 | CA$0.68 | x |
| 2010-08-31 | CA$0.23 | CA$0.68 | x |
| 2011-08-31 | CA$0.42 | CA$0.68 | x |
| 2012-08-31 | CA$0.35 | CA$0.68 | x |
| 2013-08-31 | CA$0.26 | CA$0.68 | x |
| 2014-08-31 | CA$0.20 | CA$0.68 | x |
| 2015-08-31 | CA$0.11 | CA$0.68 | x |
| 2016-08-31 | CA$0.16 | CA$0.68 | x |
| 2017-08-31 | CA$0.10 | CA$0.68 | x |
| 2018-08-31 | CA$0.12 | CA$0.68 | x |
| 2019-08-31 | CA$0.12 | CA$0.68 | x |
| 2020-08-31 | CA$0.24 | CA$0.68 | x |
| 2021-08-31 | CA$0.63 | CA$0.68 | x |
| 2022-08-31 | CA$0.58 | CA$0.68 | x |
| 2023-08-31 | CA$0.55 | CA$0.68 | x |
| 2024-08-31 | CA$0.58 | CA$0.68 | x |
| 2025-08-31 | CA$0.56 | CA$0.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Azimut Exploration Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -4.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -682.51%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.17x
- Recent ROE (-4.39%) is above the historical average (-22.83%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 5.05% | 328.24% | 0.01x | 2.15x | CA$-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: $26,192,690
- Average return on equity (ROE) among peers: -63.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Azimut Exploration Inc. (AZM) | CA$68.32 Million | 5.05% | 0.10x | $49.57 Million |
| Aftermath Silver Ltd (AAG) | $26.16 Million | -23.42% | 0.41x | $192.76 Million |
| Aton Resources Inc (AAN) | $-2.31 Million | 0.00% | 0.00x | $40.57 Million |
| Arbor Metals Corp (ABR) | $10.98 Million | -14.09% | 0.06x | $9.21 Million |
| Asiabasemetals Inc (ABZ) | $262.22K | -168.47% | 0.12x | $2.91 Million |
| Adex Mining Inc (ADE) | $-81.43K | 0.00% | 0.00x | $67.72 Million |
| Alphamin Res (AFM) | $663.99K | -85.41% | 0.22x | $1.30 Billion |
| Silver X Mining Corp (AGX) | $18.71 Million | -66.45% | 1.77x | $143.14 Million |
| Amarc Resources Ltd. (AHR) | $763.11K | -243.05% | 0.34x | $164.63 Million |
| Almonty Industries Inc (AII) | $39.75 Million | -36.45% | 3.85x | $4.73 Billion |
| Aldebaran Resources Inc (ALDE) | $167.02 Million | -0.80% | 0.03x | $430.78 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