Finlay Minerals Ltd (FYL) - Net Assets
Based on the latest financial reports, Finlay Minerals Ltd (FYL) has net assets worth CA$11.69 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$15.65 Million) and total liabilities (CA$3.96 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$11.69 Million |
| % of Total Assets | 74.71% |
| Annual Growth Rate | 13.85% |
| 5-Year Change | 33.27% |
| 10-Year Change | 57.04% |
| Growth Volatility | 59.92 |
Finlay Minerals Ltd - Net Assets Trend (2001–2024)
This chart illustrates how Finlay Minerals Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Finlay Minerals Ltd (2001–2024)
The table below shows the annual net assets of Finlay Minerals Ltd from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$10.11 Million | -0.71% |
| 2023-12-31 | CA$10.18 Million | +3.21% |
| 2022-12-31 | CA$9.86 Million | -2.33% |
| 2021-12-31 | CA$10.10 Million | +33.16% |
| 2020-12-31 | CA$7.58 Million | -0.14% |
| 2019-12-31 | CA$7.59 Million | +10.18% |
| 2018-12-31 | CA$6.89 Million | -0.03% |
| 2017-12-31 | CA$6.90 Million | +4.68% |
| 2016-12-31 | CA$6.59 Million | +2.35% |
| 2015-12-31 | CA$6.44 Million | -1.28% |
| 2014-12-31 | CA$6.52 Million | +3.06% |
| 2013-12-31 | CA$6.33 Million | +1.03% |
| 2012-12-31 | CA$6.26 Million | +1.12% |
| 2011-12-31 | CA$6.19 Million | -3.40% |
| 2010-12-31 | CA$6.41 Million | +29.32% |
| 2009-12-31 | CA$4.96 Million | +4.81% |
| 2008-12-31 | CA$4.73 Million | +1.04% |
| 2007-12-31 | CA$4.68 Million | +21.93% |
| 2006-12-31 | CA$3.84 Million | +8.79% |
| 2005-12-31 | CA$3.53 Million | -14.83% |
| 2004-12-31 | CA$4.14 Million | +25.00% |
| 2003-12-31 | CA$3.31 Million | +291.37% |
| 2002-12-31 | CA$846.82K | +65.49% |
| 2001-12-31 | CA$511.71K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Finlay Minerals Ltd'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 517535800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$15.32 Million | 151.61% |
| Total Equity | CA$10.11 Million | 100.00% |
Finlay Minerals Ltd Competitors by Market Cap
The table below lists competitors of Finlay Minerals Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sage Potash Corp.
V:SAGE
|
$14.13 Million |
|
KKO INTERNATIONAL EO-10
F:5KI1
|
$14.14 Million |
|
Pimpinan Eshan Bhd
KLSE:5622
|
$14.14 Million |
|
IRLAB Therapeutics AB (publ)
ST:IRLAB-A
|
$14.15 Million |
|
Shin Hwa Silup
KO:001770
|
$14.13 Million |
|
MSCM Holdings Bhd
KLSE:0041
|
$14.11 Million |
|
Les Hôtels de Paris SA
PA:HDP
|
$14.11 Million |
|
CHUWIT FARM (2019) PUBLIC COMPANY LIMITED
BK:CFARM
|
$14.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Finlay Minerals Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,179,958 to 10,107,272, a change of -72,686 (-0.7%).
- Net loss of 215,232 reduced equity.
- Other comprehensive income decreased equity by 34,865.
- Other factors increased equity by 177,411.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-215.23K | -2.13% |
| Other Comprehensive Income | CA$-34.87K | -0.34% |
| Other Changes | CA$177.41K | +1.76% |
| Total Change | CA$- | -0.71% |
Book Value vs Market Value Analysis
This analysis compares Finlay Minerals Ltd'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: 1.59x
- 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 2.27x to 1.59x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | CA$0.05 | CA$0.12 | x |
| 2002-12-31 | CA$0.06 | CA$0.12 | x |
| 2003-12-31 | CA$0.20 | CA$0.12 | x |
| 2004-12-31 | CA$0.18 | CA$0.12 | x |
| 2005-12-31 | CA$0.14 | CA$0.12 | x |
| 2006-12-31 | CA$0.13 | CA$0.12 | x |
| 2007-12-31 | CA$0.13 | CA$0.12 | x |
| 2008-12-31 | CA$0.13 | CA$0.12 | x |
| 2009-12-31 | CA$0.12 | CA$0.12 | x |
| 2010-12-31 | CA$0.15 | CA$0.12 | x |
| 2011-12-31 | CA$0.12 | CA$0.12 | x |
| 2012-12-31 | CA$0.12 | CA$0.12 | x |
| 2013-12-31 | CA$0.11 | CA$0.12 | x |
| 2014-12-31 | CA$0.11 | CA$0.12 | x |
| 2015-12-31 | CA$0.10 | CA$0.12 | x |
| 2016-12-31 | CA$0.10 | CA$0.12 | x |
| 2017-12-31 | CA$0.10 | CA$0.12 | x |
| 2018-12-31 | CA$0.09 | CA$0.12 | x |
| 2019-12-31 | CA$0.10 | CA$0.12 | x |
| 2020-12-31 | CA$0.08 | CA$0.12 | x |
| 2021-12-31 | CA$0.09 | CA$0.12 | x |
| 2022-12-31 | CA$0.08 | CA$0.12 | x |
| 2023-12-31 | CA$0.08 | CA$0.12 | x |
| 2024-12-31 | CA$0.07 | CA$0.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Finlay Minerals Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -2.13%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.16x
- Recent ROE (-2.13%) is above the historical average (-2.89%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -3.36% | 0.00% | 0.00x | 1.02x | CA$-68.35K |
| 2002 | -8.29% | -4840.87% | 0.00x | 1.04x | CA$-154.92K |
| 2003 | -2.94% | 0.00% | 0.00x | 1.05x | CA$-428.70K |
| 2004 | -4.85% | 0.00% | 0.00x | 1.02x | CA$-615.31K |
| 2005 | -0.75% | 0.00% | 0.00x | 1.31x | CA$-379.35K |
| 2006 | -1.25% | 0.00% | 0.00x | 1.36x | CA$-431.81K |
| 2007 | -6.28% | 0.00% | 0.00x | 1.28x | CA$-761.96K |
| 2008 | 6.08% | 0.00% | 0.00x | 1.27x | CA$-185.56K |
| 2009 | 1.70% | 0.00% | 0.00x | 1.23x | CA$-411.29K |
| 2010 | -1.05% | 0.00% | 0.00x | 1.18x | CA$-708.06K |
| 2011 | -8.56% | 0.00% | 0.00x | 1.23x | CA$-1.15 Million |
| 2012 | -5.08% | 0.00% | 0.00x | 1.22x | CA$-944.42K |
| 2013 | -1.70% | 0.00% | 0.00x | 1.23x | CA$-739.95K |
| 2014 | -1.63% | 0.00% | 0.00x | 1.23x | CA$-758.49K |
| 2015 | -1.29% | 0.00% | 0.00x | 1.24x | CA$-726.90K |
| 2016 | -2.07% | 0.00% | 0.00x | 1.23x | CA$-795.12K |
| 2017 | -4.00% | 0.00% | 0.00x | 1.22x | CA$-965.24K |
| 2018 | -2.37% | 0.00% | 0.00x | 1.23x | CA$-852.72K |
| 2019 | -1.11% | 0.00% | 0.00x | 1.23x | CA$-843.63K |
| 2020 | -0.63% | 0.00% | 0.00x | 1.22x | CA$-805.95K |
| 2021 | -10.27% | 0.00% | 0.00x | 1.19x | CA$-2.05 Million |
| 2022 | -3.66% | 0.00% | 0.00x | 1.18x | CA$-1.35 Million |
| 2023 | -3.87% | 0.00% | 0.00x | 1.17x | CA$-1.41 Million |
| 2024 | -2.13% | 0.00% | 0.00x | 1.16x | CA$-1.23 Million |
Industry Comparison
This section compares Finlay Minerals Ltd's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $10,543,671
- Average return on equity (ROE) among peers: -5062.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Finlay Minerals Ltd (FYL) | CA$11.69 Million | -3.36% | 0.34x | $14.13 Million |
| AbraSilver Resource Corp. (ABRA) | $400.64K | -52.81% | 0.13x | $1.89 Billion |
| AC/DC Battery Metals Inc. (ACDC) | $1.79 Million | -31.70% | 0.02x | $1.88 Million |
| Archon Minerals Ltd (ACS) | $31.39K | -50144.47% | 2027.88x | $4.63 Million |
| Arctic Star Exploration Corp (ADD) | $4.13 Million | -73.65% | 0.19x | $1.73 Million |
| Adamera Minerals Corp. (ADZ) | $591.38K | -199.89% | 1.34x | $4.95 Million |
| Alaska Energy Metals Corporation (AEMC) | $5.31 Million | -25.82% | 0.25x | $13.73 Million |
| Argonaut Exploration Inc. (AGA) | $13.79 Million | -73.47% | 0.21x | $96.32 Million |
| Clean Air Metals Inc (AIR) | $38.86 Million | -12.39% | 0.09x | $11.78 Million |
| American Creek Resources Ltd (AMK) | $16.37 Million | -9.41% | 0.06x | $54.98 Million |
| Azucar Minerals Ltd (AMZ) | $24.16 Million | -1.79% | 0.01x | $3.47 Million |
About Finlay Minerals Ltd
Finlay Minerals Ltd. engages in the acquisition and exploration of base and precious metal deposits in northern British Columbia, Canada. It focuses on the exploration for gold-rich copper porphyry, epithermal gold, mesothermal silver-copper, copper, silver, and molybdenum-copper deposits. Finlay Minerals Ltd. was incorporated in 1999 and is based in Vancouver, Canada.