Hayasa Metals Inc.
Hayasa Metals Inc., is an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Armenia. It explores for gold and copper deposits. The company holds an interest in an exploration permit comprising 33.8 square kilometers in the Urasar mineral district in northern Armenia. It also has an option to acquire 100% of the Vardenis copper-gold project… Read more
Hayasa Metals Inc. (HAY) - Net Assets
Latest net assets as of September 2025: CA$2.09 Million CAD
Based on the latest financial reports, Hayasa Metals Inc. (HAY) has net assets worth CA$2.09 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$2.72 Million) and total liabilities (CA$634.34K). 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$2.09 Million |
| % of Total Assets | 76.71% |
| Annual Growth Rate | -14.13% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 311.78 |
Hayasa Metals Inc. - Net Assets Trend (2022–2025)
This chart illustrates how Hayasa Metals 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 Hayasa Metals Inc. (2022–2025)
The table below shows the annual net assets of Hayasa Metals Inc. from 2022 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | CA$1.47 Million | +618.70% |
| 2024-03-31 | CA$205.06K | -92.82% |
| 2023-03-31 | CA$2.86 Million | +22.66% |
| 2022-03-31 | CA$2.33 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hayasa Metals 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 616232000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$23.71 Million | 1609.00% |
| Total Equity | CA$1.47 Million | 100.00% |
Hayasa Metals Inc. Competitors by Market Cap
The table below lists competitors of Hayasa Metals Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sulliden Minerals SA
TO:SMC
|
$2.90 Million |
|
LTI0
F:LTI0
|
$2.91 Million |
|
MODIVCARE INC. DL-001
F:PRF0
|
$2.91 Million |
|
Joy Industrial Co., Ltd.
TWO:4559
|
$2.91 Million |
|
Pure Biologics Spólka Akcyjna
WAR:PUR
|
$2.90 Million |
|
Magnasense AB
ST:MAGNA
|
$2.90 Million |
|
EXACT THERAP. AS NK 0004
F:56F
|
$2.90 Million |
|
GMP Property SOCIMI SA
MC:YGMP
|
$2.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hayasa Metals Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 205,058 to 1,473,750, a change of 1,268,692 (618.7%).
- Net loss of 1,230,482 reduced equity.
- New share issuances of 1,960,006 increased equity.
- Other factors increased equity by 539,168.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.23 Million | -83.49% |
| Share Issuances | CA$1.96 Million | +132.99% |
| Other Changes | CA$539.17K | +36.58% |
| Total Change | CA$- | 618.70% |
Book Value vs Market Value Analysis
This analysis compares Hayasa Metals 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: 2.90x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.44x to 2.90x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-03-31 | CA$0.16 | CA$0.07 | x |
| 2023-03-31 | CA$0.11 | CA$0.07 | x |
| 2024-03-31 | CA$0.01 | CA$0.07 | x |
| 2025-03-31 | CA$0.02 | CA$0.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hayasa Metals Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -83.49%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.30x
- Recent ROE (-83.49%) is above the historical average (-518.17%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -31.56% | 0.00% | 0.00x | 1.15x | CA$-967.48K |
| 2023 | -34.62% | 0.00% | 0.00x | 1.15x | CA$-1.27 Million |
| 2024 | -1923.02% | 0.00% | 0.00x | 4.72x | CA$-3.96 Million |
| 2025 | -83.49% | 0.00% | 0.00x | 1.30x | CA$-1.38 Million |
Industry Comparison
This section compares Hayasa Metals Inc.'s net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $3,323,818
- Average return on equity (ROE) among peers: -12.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hayasa Metals Inc. (HAY) | CA$2.09 Million | -31.56% | 0.30x | $2.90 Million |
| Athabasca Minerals Inc (ABM) | $14.67 Million | -17.11% | 0.38x | $3.80 Million |
| AIS Resources Ltd (AIS) | $733.20K | -18.86% | 0.02x | $1.22 Million |
| Algo Grande Copper Corp. (ALGR) | $3.28 Million | -19.80% | 0.18x | $7.66 Million |
| Alliance Mining Corp (ALM) | $-2.44 Million | 0.00% | 0.00x | $1.27 Million |
| Argus Metals Corp. (AML) | $-194.53K | 0.00% | 0.00x | $248.82K |
| Antler Gold Inc (ANTL) | $5.56 Million | -15.72% | 0.05x | $3.41 Million |
| Apogee Minerals Ltd (APMI) | $509.07K | -27.00% | 0.02x | $1.15 Million |
| Awale Resources Ltd (ARIC) | $11.21 Million | -15.12% | 0.10x | $38.72 Million |
| Au Gold Corp (AUGC) | $1.73 Million | -6.53% | 0.01x | $4.70 Million |
| AUX Resources Corporation (AUX) | $-1.82 Million | 0.00% | 0.00x | $12.37 Million |