49 North Resources Inc (FNR) - Net Assets
Based on the latest financial reports, 49 North Resources Inc (FNR) has net assets worth CA$10.63 Million CAD (≈ $7.69 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$20.62 Million ≈ $14.92 Million USD) and total liabilities (CA$10.00 Million ≈ $7.23 Million 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 asset allocation strategy of 49 North Resources Inc to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$10.63 Million |
| % of Total Assets | 51.53% |
| Annual Growth Rate | 2.21% |
| 5-Year Change | -49.04% |
| 10-Year Change | -32.68% |
| Growth Volatility | 190.91 |
49 North Resources Inc - Net Assets Trend (2005–2025)
This chart illustrates how 49 North Resources Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see FNR market cap.
Annual Net Assets for 49 North Resources Inc (2005–2025)
The table below shows the annual net assets of 49 North Resources Inc from 2005 to 2025. Also explore FNR net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$9.55 Million ≈ $6.91 Million |
+12.25% |
| 2024-12-31 | CA$8.50 Million ≈ $6.15 Million |
+5.97% |
| 2023-12-31 | CA$8.03 Million ≈ $5.81 Million |
-25.99% |
| 2022-12-31 | CA$10.84 Million ≈ $7.84 Million |
-42.12% |
| 2021-12-31 | CA$18.73 Million ≈ $13.55 Million |
-20.99% |
| 2020-12-31 | CA$23.71 Million ≈ $17.15 Million |
+209.22% |
| 2019-12-31 | CA$7.67 Million ≈ $5.55 Million |
+4.30% |
| 2018-12-31 | CA$7.35 Million ≈ $5.32 Million |
-47.34% |
| 2017-12-31 | CA$13.96 Million ≈ $10.10 Million |
-1.54% |
| 2016-12-31 | CA$14.18 Million ≈ $10.26 Million |
+95.05% |
| 2015-12-31 | CA$7.27 Million ≈ $5.26 Million |
+1112.53% |
| 2014-12-31 | CA$-718.00K ≈ $-519.39K |
-105.18% |
| 2013-12-31 | CA$13.87 Million ≈ $10.04 Million |
-59.62% |
| 2012-12-31 | CA$34.36 Million ≈ $24.86 Million |
-37.92% |
| 2011-12-31 | CA$55.34 Million ≈ $40.04 Million |
+1.90% |
| 2010-12-31 | CA$54.31 Million ≈ $39.29 Million |
+68.42% |
| 2009-12-31 | CA$32.25 Million ≈ $23.33 Million |
+767.04% |
| 2008-12-31 | CA$3.72 Million ≈ $2.69 Million |
-83.36% |
| 2007-12-31 | CA$22.35 Million ≈ $16.16 Million |
+267.52% |
| 2006-12-31 | CA$6.08 Million ≈ $4.40 Million |
-1.47% |
| 2005-12-31 | CA$6.17 Million ≈ $4.46 Million |
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Equity Component Analysis
This analysis shows how different components contribute to 49 North 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 7323100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$82.78 Million | 867.14% |
| Total Equity | CA$9.55 Million | 100.00% |
49 North Resources Inc Competitors by Market Cap
The table below lists competitors of 49 North Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Prima Cakrawala Abadi PT
JK:PCAR
|
$3.01 Million |
|
FIRST CLASS MET. LS-001
F:WN9
|
$3.01 Million |
|
Beauce Gold Fields Inc
V:BGF
|
$3.01 Million |
|
QEM Ltd
AU:QEM
|
$3.01 Million |
|
Telemasters Holdings Ltd
JSE:TLM
|
$3.00 Million |
|
On The Beach Group PLC
LSE:OTB
|
$3.00 Million |
|
Molinos Rio de la Plata SA
BA:MOLI5
|
$3.00 Million |
|
Kandal M Venture Limited Class A Ordinary Shares
NASDAQ:FMFC
|
$3.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in 49 North Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,504,000 to 9,546,000, a change of 1,042,000 (12.3%).
- Net income of 1,041,000 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$1.04 Million | +10.91% |
| Other Changes | CA$1.00K | +0.01% |
| Total Change | CA$- | 12.25% |
Book Value vs Market Value Analysis
This analysis compares 49 North 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: 0.44x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.00x to 0.44x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | CA$5.26 | CA$0.03 | x |
| 2006-12-31 | CA$5.22 | CA$0.03 | x |
| 2007-12-31 | CA$4.48 | CA$0.03 | x |
| 2008-12-31 | CA$1.06 | CA$0.03 | x |
| 2009-12-31 | CA$2.55 | CA$0.03 | x |
| 2010-12-31 | CA$2.13 | CA$0.03 | x |
| 2011-12-31 | CA$1.81 | CA$0.03 | x |
| 2012-12-31 | CA$1.02 | CA$0.03 | x |
| 2013-12-31 | CA$0.29 | CA$0.03 | x |
| 2014-12-31 | CA$-0.07 | CA$0.03 | x |
| 2015-12-31 | CA$0.05 | CA$0.03 | x |
| 2016-12-31 | CA$0.10 | CA$0.03 | x |
| 2017-12-31 | CA$0.15 | CA$0.03 | x |
| 2018-12-31 | CA$0.08 | CA$0.03 | x |
| 2019-12-31 | CA$0.06 | CA$0.03 | x |
| 2020-12-31 | CA$0.26 | CA$0.03 | x |
| 2021-12-31 | CA$0.20 | CA$0.03 | x |
| 2022-12-31 | CA$0.07 | CA$0.03 | x |
| 2023-12-31 | CA$0.05 | CA$0.03 | x |
| 2024-12-31 | CA$0.05 | CA$0.03 | x |
| 2025-12-31 | CA$0.06 | CA$0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently 49 North Resources Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.91%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 175.55%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 2.02x
- Recent ROE (10.91%) is above the historical average (-36.61%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 4.58% | 0.00% | 0.00x | 1.02x | CA$-334.28K |
| 2006 | -0.69% | -4102.35% | 0.00x | 1.01x | CA$-649.98K |
| 2007 | 45.29% | 0.00% | 0.00x | 1.17x | CA$7.89 Million |
| 2008 | -590.59% | 0.00% | -2.67x | 2.33x | CA$-22.34 Million |
| 2009 | 35.09% | 68.74% | 0.39x | 1.32x | CA$8.02 Million |
| 2010 | 22.98% | 48.83% | 0.32x | 1.46x | CA$6.77 Million |
| 2011 | -21.56% | -239.39% | 0.06x | 1.60x | CA$-16.61 Million |
| 2012 | -64.08% | -687.80% | 0.05x | 1.97x | CA$-23.19 Million |
| 2013 | -261.10% | 0.00% | -0.10x | 3.23x | CA$-31.11 Million |
| 2014 | 0.00% | -140.32% | 0.46x | 0.00x | CA$-15.67 Million |
| 2015 | 142.40% | 65.21% | 0.49x | 4.43x | CA$7.12 Million |
| 2016 | 52.31% | 134.14% | 0.28x | 1.38x | CA$6.00 Million |
| 2017 | -3.34% | 0.00% | -0.04x | 1.42x | CA$-1.86 Million |
| 2018 | -70.85% | 0.00% | -0.31x | 1.84x | CA$-5.94 Million |
| 2019 | 2.49% | 0.00% | -0.03x | 1.93x | CA$-575.80K |
| 2020 | 67.61% | 0.00% | -0.14x | 1.34x | CA$13.66 Million |
| 2021 | -35.19% | 0.00% | -0.23x | 1.41x | CA$-8.47 Million |
| 2022 | -75.55% | -1065.28% | 0.04x | 1.76x | CA$-9.28 Million |
| 2023 | -35.12% | -368.37% | 0.05x | 2.10x | CA$-3.62 Million |
| 2024 | 5.61% | 407.69% | 0.01x | 2.11x | CA$-373.40K |
| 2025 | 10.91% | 175.55% | 0.03x | 2.02x | CA$86.40K |
Industry Comparison
This section compares 49 North Resources Inc's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,243,754,610
- Average return on equity (ROE) among peers: 6.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| 49 North Resources Inc (FNR) | CA$10.63 Million | 4.58% | 0.94x | $3.01 Million |
| Aberdeen International Inc. (AAB) | $98.80 Million | 2.62% | 0.15x | $2.91 Million |
| Base Carbon Inc. (BCBN) | $134.69 Million | 72.96% | 0.05x | $43.04 Million |
| Canadian Banc Corp (BK) | $73.98 Million | 30.26% | 0.83x | $557.29 Million |
| Brookfield Corporation (BN) | $5.39 Billion | 3.62% | 1.56x | $83.88 Billion |
| Sprott Physical Gold and Silver Trust (CEF) | $3.14 Billion | -2.97% | 0.00x | $8.10 Billion |
| Canadian General Investments Ltd (CGI) | $1.01 Billion | -25.28% | 0.15x | $781.85 Million |
| CI Financial Corp (CIX) | $295.05 Million | -0.71% | 0.80x | $3.32 Billion |
| Culico Metals Inc. (CLCO) | $9.29 Million | -28.44% | 0.18x | $25.70 Million |
| Clairvest Group Inc. (CVG) | $1.25 Billion | 9.75% | 0.14x | $781.26 Million |
| Cymbria Corporation (CYB) | $1.04 Billion | 2.10% | 0.03x | $1.10 Billion |
About 49 North Resources Inc
49 North Resources Inc. is a venture capital firm specializing in seed capital and early stage investments. The firm typically invests in a diversified portfolio of common shares and other securities of resource issuers including all sectors of mineral exploration as well as oil and gas exploration and production around the globe. It focuses on resource issuers with exploration programs in Saskat… Read more