Newcore Gold Ltd (NCAU) - Net Assets
Based on the latest financial reports, Newcore Gold Ltd (NCAU) has net assets worth CA$65.81 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$71.84 Million) and total liabilities (CA$6.03 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$65.81 Million |
| % of Total Assets | 91.6% |
| Annual Growth Rate | 17.33% |
| 5-Year Change | 68.77% |
| 10-Year Change | N/A |
| Growth Volatility | 34.27 |
Newcore Gold Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Newcore Gold Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Newcore Gold Ltd (2016–2024)
The table below shows the annual net assets of Newcore Gold Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$49.85 Million | +17.08% |
| 2023-12-31 | CA$42.58 Million | +2.83% |
| 2022-12-31 | CA$41.41 Million | +5.96% |
| 2021-12-31 | CA$39.08 Million | +32.30% |
| 2020-12-31 | CA$29.54 Million | +107.24% |
| 2019-12-31 | CA$14.25 Million | -5.33% |
| 2018-12-31 | CA$15.06 Million | +4.15% |
| 2017-12-31 | CA$14.46 Million | +4.15% |
| 2016-12-31 | CA$13.88 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Newcore Gold Ltd'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 2190188500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$74.46 Million | 149.35% |
| Total Equity | CA$49.85 Million | 100.00% |
Newcore Gold Ltd Competitors by Market Cap
The table below lists competitors of Newcore Gold Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tharimmune Inc.
NASDAQ:THAR
|
$135.79 Million |
|
Berkeley Energia Ltd
AU:BKY
|
$135.79 Million |
|
Stella X Public Company Limited
BK:STELLA
|
$135.79 Million |
|
Randon S.A. Implementos e Participações
SA:RAPT3
|
$135.81 Million |
|
Benchmark Holdings Plc
LSE:BMK
|
$135.69 Million |
|
Lundin Energy AB (publ)
F:LYV
|
$135.68 Million |
|
Airtificial Intelligence Structures SA
MC:AI
|
$135.64 Million |
|
RCM Technologies Inc
NASDAQ:RCMT
|
$135.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Newcore Gold Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 42,582,254 to 49,853,346, a change of 7,271,092 (17.1%).
- Net loss of 5,272,345 reduced equity.
- New share issuances of 5,543,975 increased equity.
- Other factors increased equity by 6,999,462.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-5.27 Million | -10.58% |
| Share Issuances | CA$5.54 Million | +11.12% |
| Other Changes | CA$7.00 Million | +14.04% |
| Total Change | CA$- | 17.08% |
Book Value vs Market Value Analysis
This analysis compares Newcore Gold Ltd'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: 2.77x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CA$0.23 | CA$0.66 | x |
| 2018-12-31 | CA$0.24 | CA$0.66 | x |
| 2019-12-31 | CA$0.23 | CA$0.66 | x |
| 2020-12-31 | CA$0.30 | CA$0.66 | x |
| 2021-12-31 | CA$0.32 | CA$0.66 | x |
| 2022-12-31 | CA$0.30 | CA$0.66 | x |
| 2023-12-31 | CA$0.25 | CA$0.66 | x |
| 2024-12-31 | CA$0.24 | CA$0.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Newcore Gold Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -10.58%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.14x
- Recent ROE (-10.58%) is below the historical average (-6.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -3.80% | 0.00% | 0.00x | 1.01x | CA$-1.91 Million |
| 2017 | -6.98% | 0.00% | 0.00x | 1.01x | CA$-2.45 Million |
| 2018 | -3.43% | 0.00% | 0.00x | 1.01x | CA$-2.02 Million |
| 2019 | -1.90% | 0.00% | 0.00x | 1.03x | CA$-1.70 Million |
| 2020 | -7.49% | 0.00% | 0.00x | 1.05x | CA$-5.17 Million |
| 2021 | -10.29% | 0.00% | 0.00x | 1.03x | CA$-7.93 Million |
| 2022 | -6.34% | 0.00% | 0.00x | 1.07x | CA$-6.77 Million |
| 2023 | -7.90% | 0.00% | 0.00x | 1.09x | CA$-7.62 Million |
| 2024 | -10.58% | 0.00% | 0.00x | 1.14x | CA$-10.26 Million |
Industry Comparison
This section compares Newcore Gold Ltd's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $24,072,852
- Average return on equity (ROE) among peers: -15.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Newcore Gold Ltd (NCAU) | CA$65.81 Million | -3.80% | 0.09x | $135.78 Million |
| Abcourt Mines Inc. (ABI) | $-6.28 Million | 0.00% | 0.00x | $86.06 Million |
| Athabasca Minerals Inc (ABM) | $27.09 Million | -2.83% | 0.47x | $3.68 Million |
| American Eagle Gold Corp (AE) | $3.52 Million | -143.42% | 0.34x | $148.82 Million |
| Aero Energy Limited (AERO) | $11.66 Million | -21.36% | 0.02x | $9.68 Million |
| AIS Resources Ltd (AIS) | $710.09K | -3.25% | 0.03x | $1.76 Million |
| Algo Grande Copper Corp. (ALGR) | $-778.01K | 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) | $-2.44 Million | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $11.44 Million | -9.87% | 0.03x | $38.60 Million |
| Argus Metals Corp. (AML) | $4.24 Million | -4.26% | 0.13x | $1.59 Million |
About Newcore Gold Ltd
Newcore Gold Ltd. engages in the acquisition, advancement, and development of mineral resource properties in Ghana. It holds 100% interest in the Enchi Gold Project covering 248 square kilometers located in southwest Ghana, as well as holds six prospecting licenses. The company was formerly known as Pinecrest Resources Ltd. and changed its name to Newcore Gold Ltd. in August 2020. Newcore Gold Lt… Read more