Bronco Resources Corp.
Bronco Resources Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for gold deposit. It holds 75% interest in the Placer Mountain property located to the south of Princeton, British Columbia. The company was formerly known as Damara Gold Corp. and changed its name to Bronco Resources Corp. in July 2024. Bronco Resources Corp. was … Read more
Bronco Resources Corp. (BRON) - Net Assets
Latest net assets as of April 2024: CA$2.56 Million CAD
Based on the latest financial reports, Bronco Resources Corp. (BRON) has net assets worth CA$2.56 Million CAD as of April 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$2.73 Million) and total liabilities (CA$169.60K). 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$2.56 Million |
| % of Total Assets | 93.8% |
| Annual Growth Rate | 423.34% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 4722.27 |
Bronco Resources Corp. - Net Assets Trend (2020–2023)
This chart illustrates how Bronco Resources Corp.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Bronco Resources Corp. (2020–2023)
The table below shows the annual net assets of Bronco Resources Corp. from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-07-31 | CA$2.67 Million | +2.95% |
| 2022-07-31 | CA$2.59 Million | +36.88% |
| 2021-07-31 | CA$1.90 Million | +10037.31% |
| 2020-07-31 | CA$18.70K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bronco Resources 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 77927900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (July 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$36.54 Million | 1368.30% |
| Total Equity | CA$2.67 Million | 100.00% |
Bronco Resources Corp. Competitors by Market Cap
The table below lists competitors of Bronco Resources Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HUMANA - Dusseldorf Stock Exchang
DU:HUM
|
$1.44 Million |
|
Columbus Acquisition Corp Rights
NASDAQ:COLAR
|
$1.44 Million |
|
D.T.C. Industries Public Company Limited
BK:DTCI
|
$1.44 Million |
|
Antioquia Gold Inc
PINK:AGDXF
|
$1.44 Million |
|
Combined Motor Holdings Limited
JSE:CMH
|
$1.44 Million |
|
Guardforce AI Co. Limited
PINK:GRDAF
|
$1.44 Million |
|
Allied Corp
OTCQB:ALID
|
$1.44 Million |
|
Discovery Alaska Ltd
AU:DAF
|
$1.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bronco Resources Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 2,594,155 to 2,670,663, a change of 76,508 (2.9%).
- Net loss of 190,827 reduced equity.
- Other factors increased equity by 267,335.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-190.83K | -7.15% |
| Other Changes | CA$267.33K | +10.01% |
| Total Change | CA$- | 2.95% |
Book Value vs Market Value Analysis
This analysis compares Bronco Resources 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: 1.65x
- 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 84.44x to 1.65x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-07-31 | CA$0.00 | CA$0.06 | x |
| 2021-07-31 | CA$0.03 | CA$0.06 | x |
| 2022-07-31 | CA$0.04 | CA$0.06 | x |
| 2023-07-31 | CA$0.04 | CA$0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bronco Resources Corp. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -7.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.03x
- Recent ROE (-7.15%) is above the historical average (-97.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -356.84% | 0.00% | 0.00x | 3.80x | CA$-68.58K |
| 2021 | -19.58% | 0.00% | 0.00x | 1.07x | CA$-560.65K |
| 2022 | -8.38% | 0.00% | 0.00x | 1.05x | CA$-476.74K |
| 2023 | -7.15% | 0.00% | 0.00x | 1.03x | CA$-457.89K |
Industry Comparison
This section compares Bronco Resources Corp.'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 |
|---|---|---|---|---|
| Bronco Resources Corp. (BRON) | CA$2.56 Million | -356.84% | 0.07x | $1.44 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 |