49 North Resources Inc (FNR) - Net Assets
Based on the latest financial reports, 49 North Resources Inc (FNR) has net assets worth CA$7.84 Million CAD (≈ $5.67 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$17.42 Million ≈ $12.60 Million USD) and total liabilities (CA$9.58 Million ≈ $6.93 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 49 North Resources Inc (FNR) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$7.84 Million |
| % of Total Assets | 45.01% |
| Annual Growth Rate | 1.7% |
| 5-Year Change | -64.13% |
| 10-Year Change | 16.97% |
| Growth Volatility | 195.89 |
49 North Resources Inc - Net Assets Trend (2005–2024)
This chart illustrates how 49 North Resources Inc's net assets have evolved over time, based on quarterly financial data. Also explore 49 North Resources Inc (FNR) total assets for the complete picture of this company's asset base.
Annual Net Assets for 49 North Resources Inc (2005–2024)
The table below shows the annual net assets of 49 North Resources Inc from 2005 to 2024. For live valuation and market cap data, see 49 North Resources Inc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 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 7427200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$82.78 Million | 973.38% |
| Total Equity | CA$8.50 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 |
|---|---|
|
Ensysce Biosciences Inc
NASDAQ:ENSC
|
$3.61 Million |
|
Randgold Exploration
JSE:RNG
|
$3.61 Million |
|
AquaBounty Technologies Inc
NASDAQ:AQB
|
$3.62 Million |
|
Mare Nostrum
PA:ALMAR
|
$3.62 Million |
|
Emetals Ltd
AU:EMT
|
$3.61 Million |
|
NR 21 S.A.
PA:NR21
|
$3.61 Million |
|
Fintec Global Bhd
KLSE:0150
|
$3.60 Million |
|
Prominence Energy Ltd
AU:PRM
|
$3.60 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 2023 to 2024, total equity changed from 8,025,000 to 8,504,000, a change of 479,000 (6.0%).
- Net income of 477,000 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$477.00K | +5.61% |
| Other Changes | CA$2.00K | +0.02% |
| Total Change | CA$- | 5.97% |
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: 0.59x
- 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 0.01x to 0.59x 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$0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently 49 North Resources Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.61%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 407.69%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 2.11x
- Recent ROE (5.61%) is above the historical average (-38.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 4.58% | 0.00% | 0.00x | 1.02x | CA$-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 |
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: $4,660,220,876
- Average return on equity (ROE) among peers: 6.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| 49 North Resources Inc (FNR) | CA$7.84 Million | 4.58% | 1.22x | $3.61 Million |
| Aberdeen International Inc. (AAB) | $28.78 Million | -45.51% | 0.06x | $3.49 Million |
| Base Carbon Inc. (BCBN) | $134.69 Million | 72.96% | 0.05x | $67.04 Million |
| Canadian Banc Corp (BK) | $109.79 Million | 24.98% | 0.77x | $525.03 Million |
| Brookfield Corporation (BN) | $39.05 Billion | 5.01% | 1.33x | $99.82 Billion |
| Sprott Physical Gold and Silver Trust (CEF) | $3.24 Billion | -22.98% | 0.00x | $9.12 Billion |
| Canadian General Investments Ltd (CGI) | $500.05 Million | 24.07% | 0.30x | $767.51 Million |
| CI Financial Corp (CIX) | $2.06 Billion | 24.28% | 1.21x | $3.32 Billion |
| Clairvest Group Inc. (CVG) | $399.46 Million | 9.71% | 0.19x | $752.38 Million |
| Cymbria Corporation (CYB) | $1.04 Billion | 2.10% | 0.03x | $987.87 Million |
| Dividend 15 Split Corp II (DF) | $46.10 Million | -33.02% | 3.05x | $151.03 Million |
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