New Found Gold Corp (NFG) - Net Assets
Based on the latest financial reports, New Found Gold Corp (NFG) has net assets worth CA$101.33 Million CAD (≈ $73.30 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$119.95 Million ≈ $86.77 Million USD) and total liabilities (CA$18.61 Million ≈ $13.47 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 NFG tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$101.33 Million |
| % of Total Assets | 84.48% |
| Annual Growth Rate | 49.31% |
| 5-Year Change | -8.68% |
| 10-Year Change | N/A |
| Growth Volatility | 285.87 |
New Found Gold Corp - Net Assets Trend (2019–2024)
This chart illustrates how New Found Gold Corp's net assets have evolved over time, based on quarterly financial data. See NFG defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for New Found Gold Corp (2019–2024)
The table below shows the annual net assets of New Found Gold Corp from 2019 to 2024. For live valuation and market cap data, see NFG market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$66.57 Million ≈ $48.16 Million |
+1.63% |
| 2023-12-31 | CA$65.50 Million ≈ $47.38 Million |
-21.53% |
| 2022-12-31 | CA$83.47 Million ≈ $60.38 Million |
-31.94% |
| 2021-12-31 | CA$122.65 Million ≈ $88.73 Million |
+68.25% |
| 2020-12-31 | CA$72.90 Million ≈ $52.74 Million |
+713.44% |
| 2019-12-31 | CA$8.96 Million ≈ $6.48 Million |
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Equity Component Analysis
This analysis shows how different components contribute to New Found Gold 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 30332329000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$376.34 Million | 565.32% |
| Total Equity | CA$66.57 Million | 100.00% |
New Found Gold Corp Competitors by Market Cap
The table below lists competitors of New Found Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ibotta, Inc.
NYSE:IBTA
|
$569.94 Million |
|
Happiest Minds Technologies Limited
NSE:HAPPSTMNDS
|
$570.02 Million |
|
Ocean’s King Lighting Science & Technology Co Ltd
SHE:002724
|
$570.12 Million |
|
Honey Hope Honesty Enterprise Co Ltd
TWO:8043
|
$570.22 Million |
|
Shandong Haihua Co Ltd
SHE:000822
|
$569.76 Million |
|
Peet Ltd
AU:PPC
|
$569.75 Million |
|
Holike
SHG:603898
|
$569.49 Million |
|
Napatech A/S
OL:NAPA
|
$569.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in New Found Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 65,503,020 to 66,570,705, a change of 1,067,685 (1.6%).
- Net loss of 50,268,354 reduced equity.
- New share issuances of 27,522,494 increased equity.
- Other factors increased equity by 23,813,545.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-50.27 Million | -75.51% |
| Share Issuances | CA$27.52 Million | +41.34% |
| Other Changes | CA$23.81 Million | +35.77% |
| Total Change | CA$- | 1.63% |
Book Value vs Market Value Analysis
This analysis compares New Found Gold 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: 6.90x
- 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 decreased from 35.47x to 6.90x 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$0.06 | CA$2.29 | x |
| 2020-12-31 | CA$0.49 | CA$2.29 | x |
| 2021-12-31 | CA$0.75 | CA$2.29 | x |
| 2022-12-31 | CA$0.48 | CA$2.29 | x |
| 2023-12-31 | CA$0.35 | CA$2.29 | x |
| 2024-12-31 | CA$0.33 | CA$2.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently New Found Gold Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -75.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.11x
- Recent ROE (-75.51%) is below the historical average (-72.68%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -44.86% | 0.00% | 0.00x | 1.04x | CA$-4.92 Million |
| 2020 | -44.63% | 0.00% | 0.00x | 1.01x | CA$-39.82 Million |
| 2021 | -41.29% | 0.00% | 0.00x | 1.21x | CA$-62.91 Million |
| 2022 | -107.81% | 0.00% | 0.00x | 1.33x | CA$-98.34 Million |
| 2023 | -121.97% | 0.00% | 0.00x | 1.29x | CA$-86.44 Million |
| 2024 | -75.51% | 0.00% | 0.00x | 1.11x | CA$-56.93 Million |
Industry Comparison
This section compares New Found Gold Corp's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $2,627,283,631
- Average return on equity (ROE) among peers: -26.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| New Found Gold Corp (NFG) | CA$101.33 Million | -44.86% | 0.18x | $569.85 Million |
| Allied Gold Corporation (AAUC) | $416.30 Million | -27.78% | 2.17x | $3.28 Billion |
| Abcourt Mines Inc. (ABI) | $307.00K | -91.86% | 0.01x | $60.24 Million |
| Barrick Gold Corp (ABX) | $5.60 Billion | 4.09% | 0.38x | $69.18 Billion |
| American Eagle Gold Corp (AE) | $3.09 Million | -121.24% | 0.18x | $132.56 Million |
| Agnico Eagle Mines Limited (AEM) | $19.42 Billion | 9.99% | 0.48x | $85.39 Billion |
| Alamos Gold Inc (AGI) | $811.95 Million | 4.78% | 0.11x | $15.61 Billion |
| AIS Resources Ltd (AIS) | $2.11 Million | -4.60% | 0.02x | $2.79 Million |
| Alliance Mining Corp (ALM) | $-2.11 Million | 0.00% | 0.00x | $1.90 Million |
| Altamira Gold Corp (ALTA) | $12.15 Million | -9.13% | 0.05x | $37.53 Million |
| Almaden Minerals Ltd (AMM) | $9.76 Million | -31.42% | 0.05x | $24.82 Million |
About New Found Gold Corp
New Found Gold Corp., a mineral exploration company, engages in the identification, evaluation, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, Canada. The company primarily explores for gold deposit. It holds 100% interests in the Queensway project that includes 103 mineral licenses and 7,024 claims covering an area of 175,600 hectares located ne… Read more