Max Resource Corp (MAX) - Net Assets
Based on the latest financial reports, Max Resource Corp (MAX) has net assets worth CA$16.50 Million CAD (≈ $11.93 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$18.42 Million ≈ $13.33 Million USD) and total liabilities (CA$1.93 Million ≈ $1.39 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 MAX goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$16.50 Million |
| % of Total Assets | 89.55% |
| Annual Growth Rate | 131.25% |
| 5-Year Change | 501.73% |
| 10-Year Change | N/A |
| Growth Volatility | 1746.26 |
Max Resource Corp - Net Assets Trend (2019–2025)
This chart illustrates how Max Resource Corp's net assets have evolved over time, based on quarterly financial data. See MAX defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Max Resource Corp (2019–2025)
The table below shows the annual net assets of Max Resource Corp from 2019 to 2025. For live valuation and market cap data, see Max Resource Corp (MAX) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$16.50 Million ≈ $11.93 Million |
+4.12% |
| 2024-12-31 | CA$15.84 Million ≈ $11.46 Million |
-9.33% |
| 2023-12-31 | CA$17.48 Million ≈ $12.64 Million |
-26.10% |
| 2022-12-31 | CA$23.65 Million ≈ $17.11 Million |
+762.55% |
| 2021-12-31 | CA$2.74 Million ≈ $1.98 Million |
-47.63% |
| 2020-12-31 | CA$5.24 Million ≈ $3.79 Million |
+4759.12% |
| 2019-12-31 | CA$107.74K ≈ $77.94K |
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Equity Component Analysis
This analysis shows how different components contribute to Max Resource Corp'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 3024906700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$71.87 Million | 438.75% |
| Total Equity | CA$16.38 Million | 100.00% |
Max Resource Corp Competitors by Market Cap
The table below lists competitors of Max Resource Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Petrolympic Ltd
V:PCQ
|
$9.24 Million |
|
Pioneer Lithium Ltd
AU:PLN
|
$9.24 Million |
|
One Click Group Ltd
AU:1CG
|
$9.25 Million |
|
Zenta Group Company Limited Ordinary Shares
NASDAQ:ZGM
|
$9.25 Million |
|
Ind-Swift Limited
NSE:INDSWFTLTD
|
$9.23 Million |
|
Bekasi Asri Pemula Tbk
JK:BAPA
|
$9.23 Million |
|
Raytech Holding Limited Ordinary Shares
NASDAQ:RAY
|
$9.23 Million |
|
Saxlund Group AB
ST:SAXG
|
$9.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Max Resource Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 15,844,583 to 16,381,207, a change of 536,624 (3.4%).
- Net loss of 3,099,203 reduced equity.
- New share issuances of 3,400,000 increased equity.
- Other factors increased equity by 235,827.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-3.10 Million | -18.92% |
| Share Issuances | CA$3.40 Million | +20.76% |
| Other Changes | CA$235.83K | +1.44% |
| Total Change | CA$- | 3.39% |
Book Value vs Market Value Analysis
This analysis compares Max Resource Corp'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: 0.78x
- 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 decreased from 59.57x to 0.78x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CA$0.00 | CA$0.23 | x |
| 2020-12-31 | CA$0.06 | CA$0.23 | x |
| 2021-12-31 | CA$0.11 | CA$0.23 | x |
| 2022-12-31 | CA$0.58 | CA$0.23 | x |
| 2023-12-31 | CA$0.40 | CA$0.23 | x |
| 2024-12-31 | CA$0.35 | CA$0.23 | x |
| 2025-12-31 | CA$0.30 | CA$0.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Max Resource Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -18.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.12x
- Recent ROE (-18.92%) is above the historical average (-691.97%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -4437.22% | 0.00% | 0.00x | 7.30x | CA$-4.79 Million |
| 2020 | -99.46% | 0.00% | 0.00x | 1.14x | CA$-5.73 Million |
| 2021 | -185.14% | 0.00% | 0.00x | 1.18x | CA$-5.35 Million |
| 2022 | -23.90% | 0.00% | 0.00x | 1.08x | CA$-8.02 Million |
| 2023 | -43.36% | 0.00% | 0.00x | 1.07x | CA$-9.32 Million |
| 2024 | -35.82% | 0.00% | 0.00x | 1.25x | CA$-7.26 Million |
| 2025 | -18.92% | 0.00% | 0.00x | 1.12x | CA$-4.74 Million |
Industry Comparison
This section compares Max Resource Corp'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: $8,968,473
- Average return on equity (ROE) among peers: -5058.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Max Resource Corp (MAX) | CA$16.50 Million | -4437.22% | 0.12x | $9.24 Million |
| AbraSilver Resource Corp. (ABRA) | $400.64K | -52.81% | 0.13x | $1.85 Billion |
| Archon Minerals Ltd (ACS) | $31.39K | -50144.47% | 2027.88x | $3.15 Million |
| Arctic Star Exploration Corp (ADD) | $1.35 Million | -152.13% | 0.40x | $1.73 Million |
| Adyton Resources Corp (ADY) | $14.98 Million | 5.60% | 0.05x | $71.75 Million |
| Adamera Minerals Corp. (ADZ) | $4.33 Million | -30.35% | 0.10x | $5.10 Million |
| Austral Gold Ltd (AGLD) | $14.37 Million | -188.43% | 4.16x | $65.15 Million |
| Clean Air Metals Inc (AIR) | $23.22 Million | -5.48% | 0.17x | $11.78 Million |
| Alpha Exploration Ltd (ALEX) | $7.30 Million | -10.62% | 0.17x | $37.20 Million |
| American Creek Resources Ltd (AMK) | $12.62 Million | 7.02% | 0.02x | $54.98 Million |
| Azucar Minerals Ltd (AMZ) | $11.08 Million | -9.78% | 0.02x | $4.54 Million |
About Max Resource Corp
Max Resource Corp. engages in the acquisition and exploration of mineral properties in South America and Canada. It primarily explores for gold, silver, copper, and iron deposits. The company holds 100% interest in the Sierra Azul project located in the northeastern Colombia; and Florália Property located near the east the city Belo Horizonte, Brazil. It also holds a 100% interest in the Mora Pro… Read more