Max Resource Corp (MAX) - Net Assets
Based on the latest financial reports, Max Resource Corp (MAX) has net assets worth CA$14.29 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$16.79 Million) and total liabilities (CA$2.50 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$14.29 Million |
| % of Total Assets | 85.1% |
| Annual Growth Rate | 171.22% |
| 5-Year Change | 202.64% |
| 10-Year Change | N/A |
| Growth Volatility | 1861.08 |
Max Resource Corp - Net Assets Trend (2019–2024)
This chart illustrates how Max Resource Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Max Resource Corp (2019–2024)
The table below shows the annual net assets of Max Resource Corp from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$15.84 Million | -9.33% |
| 2023-12-31 | CA$17.48 Million | -26.10% |
| 2022-12-31 | CA$23.65 Million | +762.55% |
| 2021-12-31 | CA$2.74 Million | -47.63% |
| 2020-12-31 | CA$5.24 Million | +4759.12% |
| 2019-12-31 | CA$107.74K | -- |
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 2918727800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$70.27 Million | 443.52% |
| Total Equity | CA$15.84 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 |
|---|---|
|
Nur Ink Innovations Ltd
TA:NURI
|
$12.05 Million |
|
Althea Group Holdings Ltd
AU:AGH
|
$12.05 Million |
|
Greenland Acquisition Corp
NASDAQ:GTEC
|
$12.05 Million |
|
FASING SA
WAR:FSG
|
$12.06 Million |
|
Blue Thunder Mining Inc
V:BLUE
|
$12.05 Million |
|
Nanalysis Scientific Corp
V:NSCI
|
$12.04 Million |
|
Farminveste, S.G.P.S., S.A.
LS:MLFMV
|
$12.04 Million |
|
Field Solutions Holdings Ltd
AU:FSG
|
$12.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Max Resource Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 17,475,631 to 15,844,583, a change of -1,631,048 (-9.3%).
- Net loss of 5,674,833 reduced equity.
- Other factors increased equity by 4,043,785.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-5.67 Million | -35.82% |
| Other Changes | CA$4.04 Million | +25.52% |
| Total Change | CA$- | -9.33% |
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: 0.85x
- 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 77.70x to 0.85x 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$0.30 | x |
| 2020-12-31 | CA$0.06 | CA$0.30 | x |
| 2021-12-31 | CA$0.11 | CA$0.30 | x |
| 2022-12-31 | CA$0.58 | CA$0.30 | x |
| 2023-12-31 | CA$0.40 | CA$0.30 | x |
| 2024-12-31 | CA$0.35 | CA$0.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Max Resource Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -35.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.25x
- Recent ROE (-35.82%) is above the historical average (-804.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -4437.22% | 0.00% | 0.00x | 7.30x | CA$-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 |
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: $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 |
|---|---|---|---|---|
| Max Resource Corp (MAX) | CA$14.29 Million | -4437.22% | 0.18x | $12.05 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 Max Resource Corp
Max Resource Corp. engages in the acquisition and exploration of mineral properties in South America and Canada. It primarily explores for silver, copper, and iron deposits. The company holds 100% interest in the Cesar Copper-Silver project which consist of 20 mining concessions located in the northeastern Colombia; and Sierra Azul Copper-Silver project located in Colombia. It also holds a 100% i… Read more