Freeman Gold Corp (FMAN) - Net Assets
Based on the latest financial reports, Freeman Gold Corp (FMAN) has net assets worth CA$29.66 Million CAD as of May 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$31.06 Million) and total liabilities (CA$1.40 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$29.66 Million |
| % of Total Assets | 95.48% |
| Annual Growth Rate | 148.63% |
| 5-Year Change | 129.43% |
| 10-Year Change | N/A |
| Growth Volatility | 1608.47 |
Freeman Gold Corp - Net Assets Trend (2019–2024)
This chart illustrates how Freeman Gold 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 Freeman Gold Corp (2019–2024)
The table below shows the annual net assets of Freeman Gold Corp from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-11-30 | CA$30.44 Million | +13.15% |
| 2023-11-30 | CA$26.90 Million | -4.34% |
| 2022-11-30 | CA$28.12 Million | +7.86% |
| 2021-11-30 | CA$26.08 Million | +96.52% |
| 2020-11-30 | CA$13.27 Million | +4048.49% |
| 2019-11-30 | CA$319.84K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Freeman Gold 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 1199243200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$42.47 Million | 139.51% |
| Total Equity | CA$30.44 Million | 100.00% |
Freeman Gold Corp Competitors by Market Cap
The table below lists competitors of Freeman Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CLOUD TECHNOL.AB ZY -10
F:42T
|
$69.01 Million |
|
Crown Confec
KO:005740
|
$69.01 Million |
|
International Development & Investment Corp
VN:IDI
|
$69.02 Million |
|
MasterBeef Group Ordinary Shares
NASDAQ:MB
|
$69.02 Million |
|
L.P.N. Development Public Company Limited
BK:LPN
|
$68.96 Million |
|
Loihde Oyj
HE:LOIHDE
|
$68.96 Million |
|
DIGITAL CHOSUN Inc
KQ:033130
|
$68.92 Million |
|
NN Inc
NASDAQ:NNBR
|
$68.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Freeman Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 26,904,904 to 30,441,766, a change of 3,536,862 (13.1%).
- Net loss of 32,242 reduced equity.
- New share issuances of 3,600,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-32.24K | -0.11% |
| Share Issuances | CA$3.60 Million | +11.83% |
| Other Changes | CA$-30.90K | -0.1% |
| Total Change | CA$- | 13.15% |
Book Value vs Market Value Analysis
This analysis compares Freeman Gold 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: 1.95x
- 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 7.20x to 1.95x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-11-30 | CA$0.04 | CA$0.31 | x |
| 2020-11-30 | CA$0.16 | CA$0.31 | x |
| 2021-11-30 | CA$0.20 | CA$0.31 | x |
| 2022-11-30 | CA$0.21 | CA$0.31 | x |
| 2023-11-30 | CA$0.20 | CA$0.31 | x |
| 2024-11-30 | CA$0.16 | CA$0.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Freeman Gold Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -0.11%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.02x
- Recent ROE (-0.11%) is above the historical average (-23.06%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -36.44% | 0.00% | 0.00x | 2.10x | CA$-148.54K |
| 2020 | -84.78% | 0.00% | 0.00x | 1.07x | CA$-12.58 Million |
| 2021 | -13.38% | 0.00% | 0.00x | 1.20x | CA$-6.10 Million |
| 2022 | 2.58% | 0.00% | 0.00x | 1.07x | CA$-2.09 Million |
| 2023 | -6.21% | 0.00% | 0.00x | 1.05x | CA$-4.36 Million |
| 2024 | -0.11% | 0.00% | 0.00x | 1.02x | CA$-3.08 Million |
Industry Comparison
This section compares Freeman Gold Corp's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $37,435,313
- Average return on equity (ROE) among peers: -27.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Freeman Gold Corp (FMAN) | CA$29.66 Million | -36.44% | 0.05x | $68.99 Million |
| Abcourt Mines Inc. (ABI) | $-3.13 Million | 0.00% | 0.00x | $86.06 Million |
| Athabasca Minerals Inc (ABM) | $20.44 Million | -35.77% | 0.45x | $3.68 Million |
| American Eagle Gold Corp (AE) | $3.52 Million | -143.42% | 0.34x | $148.82 Million |
| Aero Energy Limited (AERO) | $14.72 Million | -5.86% | 0.05x | $9.68 Million |
| AIS Resources Ltd (AIS) | $1.78 Million | -62.23% | 0.56x | $1.76 Million |
| Algo Grande Copper Corp. (ALGR) | $3.28 Million | -19.80% | 0.18x | $9.71 Million |
| Alkane Resources Limited (ALK) | $309.37 Million | 5.71% | 0.50x | $985.87 Million |
| Alliance Mining Corp (ALM) | $-656.72K | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $21.46 Million | -7.16% | 0.01x | $38.60 Million |
| Argus Metals Corp. (AML) | $3.56 Million | -6.01% | 0.17x | $1.59 Million |
About Freeman Gold Corp
Freeman Gold Corp. explores and evaluates mineral properties in the United States. Its flagship property is the Lemhi gold property that consists of 10 patented mining claims, 1 patented mill site claim, and 333 unpatented mining claims covering an area of approximately 6,739 acres of mineral rights and 615 acres of surface rights located in Lemhi County, Idaho. Freeman Gold Corp. is based in Van… Read more