Flinders Resources Limited
Founders Metals Inc. is involved in the exploration and development of mineral properties in Canada. It primarily explores for gold. The company's flagship project is the Antino Gold Project, covering an area of 20,000 hectares located in southeastern Suriname. Founders Metals Inc. is headquartered in Vancouver, Canada.
Flinders Resources Limited (FDR) - Net Assets
Latest net assets as of November 2025: CA$156.45 Million CAD
Based on the latest financial reports, Flinders Resources Limited (FDR) has net assets worth CA$156.45 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$165.19 Million) and total liabilities (CA$8.74 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$156.45 Million |
| % of Total Assets | 94.71% |
| Annual Growth Rate | 79.89% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 91.93 |
Flinders Resources Limited - Net Assets Trend (2021–2025)
This chart illustrates how Flinders Resources Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Flinders Resources Limited (2021–2025)
The table below shows the annual net assets of Flinders Resources Limited from 2021 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-08-31 | CA$108.22 Million | +237.26% |
| 2024-08-31 | CA$32.09 Million | +127.78% |
| 2023-08-31 | CA$14.09 Million | +42.64% |
| 2022-08-31 | CA$9.88 Million | -4.43% |
| 2021-08-31 | CA$10.33 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Flinders Resources Limited'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 1651825500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (August 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$119.88 Million | 117.52% |
| Total Equity | CA$102.01 Million | 100.00% |
Flinders Resources Limited Competitors by Market Cap
The table below lists competitors of Flinders Resources Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lenzing AG
LSE:0NCV
|
$285.86 Million |
|
Maravai Lifesciences Holdings Inc
NASDAQ:MRVI
|
$285.91 Million |
|
Banco Products (I) Limited
NSE:BANCOINDIA
|
$286.08 Million |
|
Pubmatic Inc
NASDAQ:PUBM
|
$286.11 Million |
|
Altri SGPS SA
LS:ALTR
|
$285.84 Million |
|
ShaoYang Victor Hydraulics Co.Ltd
SHE:301079
|
$285.80 Million |
|
Nerdwallet Inc
NASDAQ:NRDS
|
$285.77 Million |
|
Lingsen Precision Industries Ltd
TW:2369
|
$285.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Flinders Resources Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 32,088,604 to 102,005,796, a change of 69,917,192 (217.9%).
- Net loss of 10,585,128 reduced equity.
- Share repurchases of 3,454,369 reduced equity.
- New share issuances of 67,205,678 increased equity.
- Other factors increased equity by 16,751,011.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-10.59 Million | -10.38% |
| Share Repurchases | CA$3.45 Million | -3.39% |
| Share Issuances | CA$67.21 Million | +65.88% |
| Other Changes | CA$16.75 Million | +16.42% |
| Total Change | CA$- | 217.89% |
Book Value vs Market Value Analysis
This analysis compares Flinders Resources Limited'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: 4.32x
- 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 decreased from 10.96x to 4.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-08-31 | CA$0.39 | CA$4.32 | x |
| 2022-08-31 | CA$0.38 | CA$4.32 | x |
| 2023-08-31 | CA$0.29 | CA$4.32 | x |
| 2024-08-31 | CA$0.43 | CA$4.32 | x |
| 2025-08-31 | CA$1.00 | CA$4.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Flinders Resources Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -10.38%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.13x
- Recent ROE (-10.38%) is above the historical average (-12.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -8.72% | 0.00% | 0.00x | 1.04x | CA$-1.93 Million |
| 2022 | -4.92% | 0.00% | 0.00x | 1.00x | CA$-1.47 Million |
| 2023 | -13.22% | 0.00% | 0.00x | 1.06x | CA$-3.27 Million |
| 2024 | -24.12% | 0.00% | 0.00x | 1.09x | CA$-10.95 Million |
| 2025 | -10.38% | 0.00% | 0.00x | 1.13x | CA$-20.79 Million |
Industry Comparison
This section compares Flinders Resources Limited'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 |
|---|---|---|---|---|
| Flinders Resources Limited (FDR) | CA$156.45 Million | -8.72% | 0.06x | $285.86 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 |