Oceanic Iron Ore Corp
Oceanic Iron Ore Corp., an exploration stage company, engages in the acquisition and exploration of iron ore properties in Québec, Canada. It holds a 100% interest in the Ungava Bay iron property comprising three project areas, including Hopes Advance, Morgan Lake, and Roberts Lake with 861 claim cells covering an area of approximately 36,040 hectares of iron formation located in Nunavik, Quebec.… Read more
Oceanic Iron Ore Corp (FEO) - Net Assets
Latest net assets as of September 2025: CA$-12.50 Million CAD
Based on the latest financial reports, Oceanic Iron Ore Corp (FEO) has net assets worth CA$-12.50 Million CAD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$46.44 Million) and total liabilities (CA$58.94 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-12.50 Million |
| % of Total Assets | -26.91% |
| Annual Growth Rate | -0.48% |
| 5-Year Change | -1.07% |
| 10-Year Change | -8.94% |
| Growth Volatility | 4.87 |
Oceanic Iron Ore Corp - Net Assets Trend (2011–2024)
This chart illustrates how Oceanic Iron Ore 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 Oceanic Iron Ore Corp (2011–2024)
The table below shows the annual net assets of Oceanic Iron Ore Corp from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$36.08 Million | -9.42% |
| 2023-12-31 | CA$39.83 Million | +1.59% |
| 2022-12-31 | CA$39.21 Million | -1.92% |
| 2021-12-31 | CA$39.98 Million | +9.62% |
| 2020-12-31 | CA$36.47 Million | -10.03% |
| 2019-12-31 | CA$40.53 Million | +1.57% |
| 2018-12-31 | CA$39.91 Million | -1.41% |
| 2017-12-31 | CA$40.48 Million | +2.10% |
| 2016-12-31 | CA$39.65 Million | +0.06% |
| 2015-12-31 | CA$39.62 Million | 0.00% |
| 2014-12-31 | CA$39.62 Million | +2.84% |
| 2013-12-31 | CA$38.53 Million | -1.44% |
| 2012-12-31 | CA$39.09 Million | +1.78% |
| 2011-12-31 | CA$38.41 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Oceanic Iron Ore 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 2051019200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$74.63 Million | 206.85% |
| Total Equity | CA$36.08 Million | 100.00% |
Oceanic Iron Ore Corp Competitors by Market Cap
The table below lists competitors of Oceanic Iron Ore Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
New Best Wire Industrial Co Ltd
TWO:5013
|
$54.29 Million |
|
Kalyani Investment Company Limited
NSE:KICL
|
$54.30 Million |
|
Oak Ridge Financial Services Inc
PINK:BKOR
|
$54.31 Million |
|
Pehuenche
SN:PEHUENCHE
|
$54.31 Million |
|
Alpha Divisions PCL
BK:ALPHAX
|
$54.26 Million |
|
Dubber Corporation Limited
PINK:DUBRF
|
$54.24 Million |
|
Meiloon Industrial Co Ltd
TW:2477
|
$54.24 Million |
|
KEFI Gold and Copper Plc
PINK:KFFLF
|
$54.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Oceanic Iron Ore Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 39,831,345 to 36,078,679, a change of -3,752,666 (-9.4%).
- Net loss of 4,677,584 reduced equity.
- Other factors increased equity by 924,918.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-4.68 Million | -12.96% |
| Other Changes | CA$924.92K | +2.56% |
| Total Change | CA$- | -9.42% |
Book Value vs Market Value Analysis
This analysis compares Oceanic Iron Ore 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: 2.76x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.10x to 2.76x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CA$0.79 | CA$0.87 | x |
| 2017-12-31 | CA$0.60 | CA$0.87 | x |
| 2019-12-31 | CA$0.44 | CA$0.87 | x |
| 2020-12-31 | CA$0.39 | CA$0.87 | x |
| 2021-12-31 | CA$0.41 | CA$0.87 | x |
| 2022-12-31 | CA$0.39 | CA$0.87 | x |
| 2023-12-31 | CA$0.37 | CA$0.87 | x |
| 2024-12-31 | CA$0.32 | CA$0.87 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Oceanic Iron Ore Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -12.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.28x
- Recent ROE (-12.96%) is below the historical average (-4.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | -12.89% | 0.00% | 0.00x | 1.14x | CA$-8.79 Million |
| 2012 | -6.61% | 0.00% | 0.00x | 1.12x | CA$-6.49 Million |
| 2013 | -6.24% | 0.00% | 0.00x | 1.10x | CA$-6.26 Million |
| 2014 | -5.81% | 0.00% | 0.00x | 1.09x | CA$-6.26 Million |
| 2015 | -4.39% | 0.00% | 0.00x | 1.06x | CA$-5.70 Million |
| 2016 | -3.42% | 0.00% | 0.00x | 1.07x | CA$-5.32 Million |
| 2017 | -3.59% | 0.00% | 0.00x | 1.05x | CA$-5.50 Million |
| 2018 | -2.09% | 0.00% | 0.00x | 1.10x | CA$-4.82 Million |
| 2019 | -2.07% | 0.00% | 0.00x | 1.08x | CA$-4.89 Million |
| 2020 | -12.56% | 0.00% | 0.00x | 1.20x | CA$-8.23 Million |
| 2021 | 7.74% | 0.00% | 0.00x | 1.11x | CA$-902.39K |
| 2022 | -2.70% | 0.00% | 0.00x | 1.14x | CA$-4.98 Million |
| 2023 | 0.13% | 0.00% | 0.00x | 1.12x | CA$-3.93 Million |
| 2024 | -12.96% | 0.00% | 0.00x | 1.28x | CA$-8.29 Million |
Industry Comparison
This section compares Oceanic Iron Ore Corp'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: $30,833,953
- Average return on equity (ROE) among peers: -67.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Oceanic Iron Ore Corp (FEO) | CA$-12.50 Million | -12.89% | N/A | $54.28 Million |
| Asbestos Corporation Limited (AB-H) | $-20.02 Million | 0.00% | 0.00x | $467.16K |
| Asiabasemetals Inc (ABZ) | $-394.71K | 0.00% | 0.00x | $1.49 Million |
| Alphamin Res (AFM) | $310.73 Million | 15.51% | 0.36x | $456.79 Million |
| African Metals Corporation (AFR) | $942.26K | -69.83% | 0.14x | $409.36K |
| Bullet Exploration Inc (AMMO) | $2.16 Million | -41.07% | 24.74x | $3.15 Million |
| AM Resources Corp (AMR) | $596.66K | -503.92% | 1.17x | $2.45 Million |
| Andina Copper Corporation (ANDC) | $6.58 Million | -35.34% | 0.01x | $101.97 Million |
| Auriginal Mining Corp. (AUME) | $8.45 Million | -20.72% | 0.21x | $6.12 Million |
| Aurora Royalties Inc (AUR-H) | $350.13K | -16.93% | 0.05x | $266.34K |
| Balto Resources Ltd (BAL-H) | $-1.07 Million | 0.00% | 0.00x | $375.18K |