Gungnir Resources Inc (GUG) - Net Assets
Based on the latest financial reports, Gungnir Resources Inc (GUG) has net assets worth CA$3.45 Million CAD (≈ $2.49 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$3.48 Million ≈ $2.51 Million USD) and total liabilities (CA$29.60K ≈ $21.41K 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. Also explore balance sheet size of Gungnir Resources Inc for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$3.45 Million |
| % of Total Assets | 99.15% |
| Annual Growth Rate | -0.26% |
| 5-Year Change | -10.27% |
| 10-Year Change | 425.18% |
| Growth Volatility | 41.05 |
Gungnir Resources Inc - Net Assets Trend (2001–2025)
This chart illustrates how Gungnir Resources Inc's net assets have evolved over time, based on quarterly financial data. Check Gungnir Resources Inc tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Gungnir Resources Inc (2001–2025)
The table below shows the annual net assets of Gungnir Resources Inc from 2001 to 2025. For live valuation and market cap data, see market value of Gungnir Resources Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$3.49 Million ≈ $2.52 Million |
-22.83% |
| 2024-12-31 | CA$4.52 Million ≈ $3.27 Million |
-10.21% |
| 2023-12-31 | CA$5.03 Million ≈ $3.64 Million |
-11.49% |
| 2022-12-31 | CA$5.69 Million ≈ $4.11 Million |
+46.31% |
| 2021-12-31 | CA$3.89 Million ≈ $2.81 Million |
+13.18% |
| 2020-12-31 | CA$3.43 Million ≈ $2.48 Million |
+5.65% |
| 2019-12-31 | CA$3.25 Million ≈ $2.35 Million |
+55.45% |
| 2018-12-31 | CA$2.09 Million ≈ $1.51 Million |
+53.94% |
| 2017-12-31 | CA$1.36 Million ≈ $982.39K |
+104.55% |
| 2016-12-31 | CA$663.92K ≈ $480.27K |
-18.78% |
| 2015-12-31 | CA$817.42K ≈ $591.31K |
-74.30% |
| 2014-12-31 | CA$3.18 Million ≈ $2.30 Million |
-73.66% |
| 2013-12-31 | CA$12.07 Million ≈ $8.73 Million |
-3.91% |
| 2012-12-31 | CA$12.57 Million ≈ $9.09 Million |
-6.44% |
| 2011-12-31 | CA$13.43 Million ≈ $9.72 Million |
+2.50% |
| 2010-12-31 | CA$13.10 Million ≈ $9.48 Million |
+3.94% |
| 2009-12-31 | CA$12.61 Million ≈ $9.12 Million |
+44.09% |
| 2008-12-31 | CA$8.75 Million ≈ $6.33 Million |
-4.71% |
| 2007-12-31 | CA$9.18 Million ≈ $6.64 Million |
+87.97% |
| 2006-12-31 | CA$4.89 Million ≈ $3.53 Million |
-2.01% |
| 2005-12-31 | CA$4.99 Million ≈ $3.61 Million |
+36.77% |
| 2004-12-31 | CA$3.65 Million ≈ $2.64 Million |
+6.99% |
| 2003-12-31 | CA$3.41 Million ≈ $2.46 Million |
-6.11% |
| 2002-12-31 | CA$3.63 Million ≈ $2.62 Million |
-2.24% |
| 2001-12-31 | CA$3.71 Million ≈ $2.68 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Gungnir 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 3907350500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$42.56 Million | 1220.61% |
| Total Equity | CA$3.49 Million | 100.00% |
Gungnir Resources Inc Competitors by Market Cap
The table below lists competitors of Gungnir Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Capitol Nusantara Indonesia
JK:CANI
|
$6.59 Million |
|
NGS Group AB (publ)
ST:NGS
|
$6.60 Million |
|
Euro Menkul Kiymet Yatirim Ortakligi AS
IS:EUYO
|
$6.60 Million |
|
Jayride Group Ltd
AU:JAY
|
$6.60 Million |
|
Orestone Mining Corp
V:ORS
|
$6.58 Million |
|
cbdMD Inc
NYSE MKT:YCBD
|
$6.58 Million |
|
Gresham House Energy Storage Fund PLC
LSE:GRID
|
$6.58 Million |
|
Luminar Technologies
NASDAQ:LAZR
|
$6.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gungnir Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,518,654 to 3,486,822, a change of -1,031,832 (-22.8%).
- Net loss of 1,031,832 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.03 Million | -29.59% |
| Total Change | CA$- | -22.83% |
Book Value vs Market Value Analysis
This analysis compares Gungnir 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: 552.38x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 19.88x to 552.38x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | CA$0.81 | CA$16.10 | x |
| 2001-12-31 | CA$0.43 | CA$16.10 | x |
| 2002-12-31 | CA$0.40 | CA$16.10 | x |
| 2003-12-31 | CA$0.38 | CA$16.10 | x |
| 2004-12-31 | CA$0.36 | CA$16.10 | x |
| 2005-12-31 | CA$0.44 | CA$16.10 | x |
| 2006-12-31 | CA$0.36 | CA$16.10 | x |
| 2007-12-31 | CA$0.58 | CA$16.10 | x |
| 2008-12-31 | CA$0.43 | CA$16.10 | x |
| 2009-12-31 | CA$0.54 | CA$16.10 | x |
| 2010-12-31 | CA$0.47 | CA$16.10 | x |
| 2011-12-31 | CA$0.43 | CA$16.10 | x |
| 2012-12-31 | CA$0.34 | CA$16.10 | x |
| 2013-12-31 | CA$0.33 | CA$16.10 | x |
| 2014-12-31 | CA$0.08 | CA$16.10 | x |
| 2015-12-31 | CA$0.02 | CA$16.10 | x |
| 2016-12-31 | CA$0.01 | CA$16.10 | x |
| 2017-12-31 | CA$0.02 | CA$16.10 | x |
| 2018-12-31 | CA$0.03 | CA$16.10 | x |
| 2019-12-31 | CA$0.05 | CA$16.10 | x |
| 2020-12-31 | CA$0.05 | CA$16.10 | x |
| 2021-12-31 | CA$0.05 | CA$16.10 | x |
| 2022-12-31 | CA$0.05 | CA$16.10 | x |
| 2023-12-31 | CA$0.04 | CA$16.10 | x |
| 2024-12-31 | CA$0.04 | CA$16.10 | x |
| 2025-12-31 | CA$0.03 | CA$16.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gungnir Resources Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -29.59%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.01x
- Recent ROE (-29.59%) is above the historical average (-32.98%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | -6.17% | 0.00% | 0.00x | 1.11x | CA$-665.73K |
| 2001 | -17.79% | 0.00% | 0.00x | 1.06x | CA$-1.03 Million |
| 2002 | -2.29% | 0.00% | 0.00x | 1.07x | CA$-445.84K |
| 2003 | -7.91% | 0.00% | 0.00x | 1.13x | CA$-610.23K |
| 2004 | -11.72% | 0.00% | 0.00x | 1.09x | CA$-791.63K |
| 2005 | -9.68% | 0.00% | 0.00x | 1.09x | CA$-981.01K |
| 2006 | -14.07% | 0.00% | 0.00x | 1.11x | CA$-1.18 Million |
| 2007 | -25.36% | 0.00% | 0.00x | 1.06x | CA$-3.25 Million |
| 2008 | 11.18% | 1244.28% | 0.01x | 1.09x | CA$103.50K |
| 2009 | -13.94% | -6797.11% | 0.00x | 1.05x | CA$-3.02 Million |
| 2010 | -27.21% | 0.00% | 0.00x | 1.03x | CA$-4.88 Million |
| 2011 | -21.55% | 0.00% | 0.00x | 1.04x | CA$-4.24 Million |
| 2012 | -8.90% | 0.00% | 0.00x | 1.02x | CA$-2.38 Million |
| 2013 | -4.07% | 0.00% | 0.00x | 1.01x | CA$-1.70 Million |
| 2014 | -295.48% | 0.00% | 0.00x | 1.01x | CA$-9.72 Million |
| 2015 | -298.20% | 0.00% | 0.00x | 1.11x | CA$-2.52 Million |
| 2016 | -93.20% | 0.00% | 0.00x | 1.33x | CA$-685.14K |
| 2017 | 42.13% | 0.00% | 0.00x | 1.19x | CA$436.31K |
| 2018 | 32.53% | 0.00% | 0.00x | 1.12x | CA$471.03K |
| 2019 | 28.93% | 0.00% | 0.00x | 1.04x | CA$615.28K |
| 2020 | -18.29% | 0.00% | 0.00x | 1.01x | CA$-971.37K |
| 2021 | -23.17% | 0.00% | 0.00x | 1.01x | CA$-1.29 Million |
| 2022 | -16.94% | 0.00% | 0.00x | 1.01x | CA$-1.53 Million |
| 2023 | -14.14% | 0.00% | 0.00x | 1.01x | CA$-1.21 Million |
| 2024 | -12.51% | 0.00% | 0.00x | 1.01x | CA$-1.02 Million |
| 2025 | -29.59% | 0.00% | 0.00x | 1.01x | CA$-1.38 Million |
Industry Comparison
This section compares Gungnir Resources Inc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $1,353,474,797
- Average return on equity (ROE) among peers: -22.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gungnir Resources Inc (GUG) | CA$3.45 Million | -6.17% | 0.01x | $6.58 Million |
| Allied Gold Corporation (AAUC) | $416.30 Million | -27.78% | 2.17x | $2.59 Billion |
| Abcourt Mines Inc. (ABI) | $542.08K | -7.78% | 0.16x | $60.24 Million |
| Barrick Gold Corp (ABX) | $12.86 Billion | -22.60% | 1.63x | $59.47 Billion |
| American Eagle Gold Corp (AE) | $3.52 Million | -143.42% | 0.34x | $127.56 Million |
| Agnico Eagle Mines Limited (AEM) | $127.14 Million | 11.88% | 1.22x | $69.33 Billion |
| Alamos Gold Inc (AGI) | $74.89 Million | -5.04% | 0.01x | $12.03 Billion |
| AIS Resources Ltd (AIS) | $4.96 Million | -17.19% | 0.24x | $2.79 Million |
| Alliance Mining Corp (ALM) | $-655.60K | 0.00% | 0.00x | $1.96 Million |
| Altamira Gold Corp (ALTA) | $18.80 Million | -9.47% | 0.04x | $33.26 Million |
| Almaden Minerals Ltd (AMM) | $27.26 Million | -3.85% | 0.03x | $24.82 Million |
About Gungnir Resources Inc
Gungnir Resources Inc., a junior mineral exploration company, engages in the acquisition, evaluation, and exploration of mineral properties in Sweden. It explores gold, base metals, nickel, copper, and volcanogenic massive sulphide deposits. The company holds 100% interest in the Knaften Property covering approximately an area of 4,887 hectares located in Sweden; Lappvattnet and Rormyrberget Prop… Read more