Condor Resources Inc (CN) - Net Assets
Based on the latest financial reports, Condor Resources Inc (CN) has net assets worth CA$6.27 Million CAD (≈ $4.54 Million USD) as of August 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$6.49 Million ≈ $4.70 Million USD) and total liabilities (CA$217.60K ≈ $157.41K 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 Condor Resources Inc (CN) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$6.27 Million |
| % of Total Assets | 96.65% |
| Annual Growth Rate | 13.45% |
| 5-Year Change | -3.03% |
| 10-Year Change | 252.98% |
| Growth Volatility | 192.99 |
Condor Resources Inc - Net Assets Trend (2005–2025)
This chart illustrates how Condor Resources Inc's net assets have evolved over time, based on quarterly financial data. See Condor Resources Inc defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Condor Resources Inc (2005–2025)
The table below shows the annual net assets of Condor Resources Inc from 2005 to 2025. For live valuation and market cap data, see market cap of Condor Resources Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2025-02-28 | CA$5.70 Million ≈ $4.12 Million |
-45.04% |
| 2024-02-29 | CA$10.37 Million ≈ $7.50 Million |
+47.05% |
| 2023-02-28 | CA$7.05 Million ≈ $5.10 Million |
+13.88% |
| 2022-02-28 | CA$6.19 Million ≈ $4.48 Million |
+5.38% |
| 2021-02-28 | CA$5.88 Million ≈ $4.25 Million |
+176.44% |
| 2020-02-29 | CA$2.13 Million ≈ $1.54 Million |
+6.71% |
| 2019-02-28 | CA$1.99 Million ≈ $1.44 Million |
-8.68% |
| 2018-02-28 | CA$2.18 Million ≈ $1.58 Million |
-4.89% |
| 2017-02-28 | CA$2.29 Million ≈ $1.66 Million |
+42.08% |
| 2016-02-29 | CA$1.61 Million ≈ $1.17 Million |
-46.60% |
| 2015-02-28 | CA$3.02 Million ≈ $2.19 Million |
-20.45% |
| 2014-02-28 | CA$3.80 Million ≈ $2.75 Million |
-4.29% |
| 2013-02-28 | CA$3.97 Million ≈ $2.87 Million |
-41.13% |
| 2012-02-29 | CA$6.74 Million ≈ $4.88 Million |
-39.41% |
| 2011-02-28 | CA$11.13 Million ≈ $8.05 Million |
+28.93% |
| 2010-02-28 | CA$8.63 Million ≈ $6.25 Million |
+65.07% |
| 2009-02-28 | CA$5.23 Million ≈ $3.78 Million |
-23.02% |
| 2008-02-29 | CA$6.80 Million ≈ $4.92 Million |
+99.26% |
| 2007-02-28 | CA$3.41 Million ≈ $2.47 Million |
+863.23% |
| 2006-02-28 | CA$354.03K ≈ $256.10K |
-22.56% |
| 2005-02-28 | CA$457.16K ≈ $330.70K |
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Equity Component Analysis
This analysis shows how different components contribute to Condor Resources 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 2275838900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (February 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$28.54 Million | 500.84% |
| Total Equity | CA$5.70 Million | 100.00% |
Condor Resources Inc Competitors by Market Cap
The table below lists competitors of Condor Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MyTech Group Bhd
KLSE:7692
|
$17.92 Million |
|
Ekiz Kimya Sanayi ve Ticaret AS
IS:EKIZ
|
$17.93 Million |
|
Moorim SP Co. Ltd
KQ:001810
|
$17.93 Million |
|
Tuju Setia Bhd
KLSE:5297
|
$17.94 Million |
|
IRIDEX Corporation
NASDAQ:IRIX
|
$17.92 Million |
|
Benalec Holdings Bhd
KLSE:5190
|
$17.91 Million |
|
Atomos Ltd
AU:AMS
|
$17.90 Million |
|
Nissan
TA:NISA
|
$17.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Condor Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,369,377 to 5,698,724, a change of -4,670,653 (-45.0%).
- Net loss of 4,735,819 reduced equity.
- Other factors increased equity by 65,166.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-4.74 Million | -83.1% |
| Other Changes | CA$65.17K | +1.14% |
| Total Change | CA$- | -45.04% |
Book Value vs Market Value Analysis
This analysis compares Condor Resources 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: 4.09x
- 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 0.64x to 4.09x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-02-28 | CA$0.26 | CA$0.17 | x |
| 2006-02-28 | CA$0.06 | CA$0.17 | x |
| 2007-02-28 | CA$0.28 | CA$0.17 | x |
| 2008-02-29 | CA$0.35 | CA$0.17 | x |
| 2009-02-28 | CA$0.22 | CA$0.17 | x |
| 2010-02-28 | CA$0.30 | CA$0.17 | x |
| 2011-02-28 | CA$0.22 | CA$0.17 | x |
| 2012-02-29 | CA$0.11 | CA$0.17 | x |
| 2013-02-28 | CA$0.06 | CA$0.17 | x |
| 2014-02-28 | CA$0.05 | CA$0.17 | x |
| 2015-02-28 | CA$0.04 | CA$0.17 | x |
| 2016-02-29 | CA$0.02 | CA$0.17 | x |
| 2017-02-28 | CA$0.03 | CA$0.17 | x |
| 2018-02-28 | CA$0.02 | CA$0.17 | x |
| 2019-02-28 | CA$0.02 | CA$0.17 | x |
| 2020-02-29 | CA$0.02 | CA$0.17 | x |
| 2021-02-28 | CA$0.05 | CA$0.17 | x |
| 2022-02-28 | CA$0.05 | CA$0.17 | x |
| 2023-02-28 | CA$0.06 | CA$0.17 | x |
| 2024-02-29 | CA$0.08 | CA$0.17 | x |
| 2025-02-28 | CA$0.04 | CA$0.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Condor Resources Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -83.10%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.04x
- Recent ROE (-83.10%) is below the historical average (-29.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | -17.77% | 0.00% | 0.00x | 1.08x | CA$-126.96K |
| 2006 | -50.31% | 0.00% | 0.00x | 1.53x | CA$-213.53K |
| 2007 | -30.00% | 0.00% | 0.00x | 1.07x | CA$-1.36 Million |
| 2008 | -23.35% | 0.00% | 0.00x | 1.03x | CA$-2.27 Million |
| 2009 | -39.20% | 0.00% | 0.00x | 1.02x | CA$-2.57 Million |
| 2010 | -12.25% | 0.00% | 0.00x | 1.02x | CA$-1.92 Million |
| 2011 | -13.74% | 0.00% | 0.00x | 1.01x | CA$-2.64 Million |
| 2012 | -92.37% | 0.00% | 0.00x | 1.02x | CA$-6.90 Million |
| 2013 | -88.55% | 0.00% | 0.00x | 1.02x | CA$-3.91 Million |
| 2014 | -21.97% | 0.00% | 0.00x | 1.01x | CA$-1.21 Million |
| 2015 | -31.30% | 0.00% | 0.00x | 1.02x | CA$-1.25 Million |
| 2016 | -100.90% | 0.00% | 0.00x | 1.14x | CA$-1.79 Million |
| 2017 | -10.77% | 0.00% | 0.00x | 1.11x | CA$-476.33K |
| 2018 | -34.41% | 0.00% | 0.00x | 1.02x | CA$-968.80K |
| 2019 | -21.97% | 0.00% | 0.00x | 1.06x | CA$-636.99K |
| 2020 | -5.70% | 0.00% | 0.00x | 1.05x | CA$-333.74K |
| 2021 | 39.72% | 0.00% | 0.00x | 1.03x | CA$1.75 Million |
| 2022 | 1.93% | 0.00% | 0.00x | 1.02x | CA$-499.72K |
| 2023 | 6.23% | 0.00% | 0.00x | 1.02x | CA$-265.77K |
| 2024 | 11.80% | 0.00% | 0.00x | 1.01x | CA$186.55K |
| 2025 | -83.10% | 0.00% | 0.00x | 1.04x | CA$-5.31 Million |
Industry Comparison
This section compares Condor Resources Inc's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $14,765,943
- Average return on equity (ROE) among peers: -9.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Condor Resources Inc (CN) | CA$6.27 Million | -17.77% | 0.03x | $17.92 Million |
| AbraSilver Resource Corp. (ABRA) | $-453.95K | 0.00% | 0.00x | $1.97 Billion |
| Archon Minerals Ltd (ACS) | $-1.32 Million | 0.00% | 0.00x | $3.15 Million |
| Arctic Star Exploration Corp (ADD) | $4.34 Million | -47.05% | 0.17x | $1.73 Million |
| Adyton Resources Corp (ADY) | $558.29K | -7.75% | 0.15x | $73.99 Million |
| Adamera Minerals Corp. (ADZ) | $1.47 Million | 0.00% | 0.20x | $4.32 Million |
| Austral Gold Ltd (AGLD) | $58.54 Million | -9.13% | 0.35x | $65.15 Million |
| Clean Air Metals Inc (AIR) | $38.86 Million | -12.39% | 0.09x | $9.97 Million |
| Alpha Exploration Ltd (ALEX) | $14.77 Million | -5.14% | 0.08x | $41.33 Million |
| American Creek Resources Ltd (AMK) | $6.75 Million | -14.81% | 0.04x | $54.98 Million |
| Azucar Minerals Ltd (AMZ) | $24.16 Million | -1.79% | 0.01x | $4.54 Million |
About Condor Resources Inc
Condor Resources Inc., an exploration stage company, engages in the acquisition and exploration of mineral properties in Peru. The company primarily explores for gold, silver, copper, as well as other precious and base metals. Condor Resources Inc. was incorporated in 2003 and is headquartered in Vancouver, Canada.