Goldshore Resources Inc (GSHR) - Net Assets
Based on the latest financial reports, Goldshore Resources Inc (GSHR) has net assets worth CA$123.78 Million CAD as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$148.33 Million) and total liabilities (CA$24.55 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$123.78 Million |
| % of Total Assets | 83.45% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 4495.68 |
Goldshore Resources Inc - Net Assets Trend (2019–2024)
This chart illustrates how Goldshore Resources Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Goldshore Resources Inc (2019–2024)
The table below shows the annual net assets of Goldshore Resources Inc from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$92.67 Million | +25.53% |
| 2022-12-31 | CA$73.82 Million | +14.33% |
| 2021-12-31 | CA$64.57 Million | +9556.70% |
| 2020-12-31 | CA$668.66K | +243.18% |
| 2019-12-31 | CA$-467.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Goldshore 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 1882403400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$120.60 Million | 130.14% |
| Total Equity | CA$92.67 Million | 100.00% |
Goldshore Resources Inc Competitors by Market Cap
The table below lists competitors of Goldshore Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DAE HWA Pharmaceutical Co. Ltd
KQ:067080
|
$181.62 Million |
|
Aurona Industries
TWO:8074
|
$181.64 Million |
|
Bikurey Hasade Holdings Ltd
TA:BKRY
|
$181.66 Million |
|
Pruksa Holding Public Company Limited
F:2PR3
|
$181.69 Million |
|
TEMC Co. Ltd.
KQ:425040
|
$181.60 Million |
|
Qingling Motors Co. Ltd
F:QIN
|
$181.59 Million |
|
Maeil Dairies Co. Ltd
KQ:267980
|
$181.51 Million |
|
Boab Metals Ltd
AU:BML
|
$181.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Goldshore Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2024, total equity changed from 73,823,779 to 92,672,751, a change of 18,848,972 (25.5%).
- Net loss of 5,980,330 reduced equity.
- New share issuances of 13,972,358 increased equity.
- Other factors increased equity by 10,856,944.
Equity Change Factors (2022 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-5.98 Million | -6.45% |
| Share Issuances | CA$13.97 Million | +15.08% |
| Other Changes | CA$10.86 Million | +11.72% |
| Total Change | CA$- | 25.53% |
Book Value vs Market Value Analysis
This analysis compares Goldshore 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: 1.92x
- 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 79.50x to 1.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | CA$0.01 | CA$0.53 | x |
| 2021-12-31 | CA$0.49 | CA$0.53 | x |
| 2022-12-31 | CA$0.39 | CA$0.53 | x |
| 2024-12-31 | CA$0.28 | CA$0.53 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Goldshore 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): -6.45%
- 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: 1.21x
- Recent ROE (-6.45%) is above the historical average (-12.36%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | CA$6.83K |
| 2020 | -24.95% | 0.00% | 0.00x | 15.97x | CA$-233.67K |
| 2021 | -20.87% | 0.00% | 0.00x | 1.16x | CA$-19.93 Million |
| 2022 | -9.51% | 0.00% | 0.00x | 1.19x | CA$-14.40 Million |
| 2024 | -6.45% | 0.00% | 0.00x | 1.21x | CA$-15.25 Million |
Industry Comparison
This section compares Goldshore Resources Inc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $25,011,639
- Average return on equity (ROE) among peers: -23.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Goldshore Resources Inc (GSHR) | CA$123.78 Million | 0.00% | 0.20x | $181.61 Million |
| Abcourt Mines Inc. (ABI) | $27.66 Million | -3.28% | 0.35x | $86.06 Million |
| Athabasca Minerals Inc (ABM) | $13.38 Million | -3.65% | 0.02x | $3.68 Million |
| American Eagle Gold Corp (AE) | $830.83K | -165.75% | 0.05x | $148.82 Million |
| Aero Energy Limited (AERO) | $14.72 Million | -5.86% | 0.05x | $9.68 Million |
| AIS Resources Ltd (AIS) | $518.31K | -0.04% | 0.11x | $1.76 Million |
| Algo Grande Copper Corp. (ALGR) | $-251.88K | 0.00% | 0.00x | $9.71 Million |
| Alkane Resources Limited (ALK) | $191.56 Million | 29.08% | 0.23x | $985.87 Million |
| Alliance Mining Corp (ALM) | $-3.10 Million | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $822.20K | -78.33% | 0.24x | $38.60 Million |
| Argus Metals Corp. (AML) | $3.98 Million | -5.17% | 0.10x | $1.59 Million |
About Goldshore Resources Inc
Gold X2 Mining Inc., engages in the exploration and development of gold in Canada. It holds 100% in the Moss Gold Project located in Ontario, Canada. The company was formerly known as Goldshore Resources Inc. and changed its name to Gold X2 Mining Inc. in September 2025. The company is headquartered in Vancouver, Canada.