Omai Gold Mines Corp (OMG) - Net Assets
Based on the latest financial reports, Omai Gold Mines Corp (OMG) has net assets worth CA$17.68 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$19.73 Million) and total liabilities (CA$2.05 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$17.68 Million |
| % of Total Assets | 89.6% |
| Annual Growth Rate | N/A |
| 5-Year Change | 29.1% |
| 10-Year Change | N/A |
| Growth Volatility | 1806.0 |
Omai Gold Mines Corp - Net Assets Trend (2019–2024)
This chart illustrates how Omai Gold Mines 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 Omai Gold Mines Corp (2019–2024)
The table below shows the annual net assets of Omai Gold Mines Corp from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$5.69 Million | +4147.59% |
| 2023-12-31 | CA$133.90K | -97.74% |
| 2022-12-31 | CA$5.92 Million | +8.67% |
| 2021-12-31 | CA$5.45 Million | +23.68% |
| 2020-12-31 | CA$4.41 Million | +3881.04% |
| 2019-12-31 | CA$-116.51K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Omai Gold Mines 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 2981875240.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$43.22 Million | 759.90% |
| Total Equity | CA$5.69 Million | 100.00% |
Omai Gold Mines Corp Competitors by Market Cap
The table below lists competitors of Omai Gold Mines Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sharda Cropchem Limited
NSE:SHARDACROP
|
$1.08 Billion |
|
Precision Drilling Corporation
NYSE:PDS
|
$1.08 Billion |
|
Goosehead Insurance Inc
NASDAQ:GSHD
|
$1.08 Billion |
|
Jiangsu Riying Electns Co Ltd
SHG:603286
|
$1.08 Billion |
|
Medikaloka Hermina PT
JK:HEAL
|
$1.08 Billion |
|
Zehnder Group AG
LSE:0R6S
|
$1.08 Billion |
|
REX American Resources Corporation
NYSE:REX
|
$1.08 Billion |
|
Karoon Energy Ltd
AU:KAR
|
$1.08 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Omai Gold Mines Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 133,895 to 5,687,305, a change of 5,553,410 (4147.6%).
- Net loss of 5,771,841 reduced equity.
- New share issuances of 11,023,418 increased equity.
- Other factors increased equity by 301,833.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-5.77 Million | -101.49% |
| Share Issuances | CA$11.02 Million | +193.82% |
| Other Changes | CA$301.83K | +5.31% |
| Total Change | CA$- | 4147.59% |
Book Value vs Market Value Analysis
This analysis compares Omai Gold Mines 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: 216.07x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CA$0.00 | CA$2.35 | x |
| 2020-12-31 | CA$0.03 | CA$2.35 | x |
| 2021-12-31 | CA$0.03 | CA$2.35 | x |
| 2022-12-31 | CA$0.02 | CA$2.35 | x |
| 2023-12-31 | CA$0.00 | CA$2.35 | x |
| 2024-12-31 | CA$0.01 | CA$2.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Omai Gold Mines Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -101.49%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.29x
- Recent ROE (-101.49%) is above the historical average (-478.22%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-4.97 Million |
| 2020 | -5.57% | 0.00% | 0.00x | 1.76x | CA$-685.81K |
| 2021 | -133.04% | 0.00% | 0.00x | 1.43x | CA$-7.79 Million |
| 2022 | -82.40% | 0.00% | 0.00x | 1.13x | CA$-5.47 Million |
| 2023 | -2546.82% | 0.00% | 0.00x | 7.60x | CA$-3.42 Million |
| 2024 | -101.49% | 0.00% | 0.00x | 1.29x | CA$-6.34 Million |
Industry Comparison
This section compares Omai Gold Mines Corp's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $37,435,313
- Average return on equity (ROE) among peers: -27.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Omai Gold Mines Corp (OMG) | CA$17.68 Million | 0.00% | 0.12x | $1.08 Billion |
| Abcourt Mines Inc. (ABI) | $-3.13 Million | 0.00% | 0.00x | $86.06 Million |
| Athabasca Minerals Inc (ABM) | $20.44 Million | -35.77% | 0.45x | $3.68 Million |
| American Eagle Gold Corp (AE) | $3.52 Million | -143.42% | 0.34x | $148.82 Million |
| Aero Energy Limited (AERO) | $14.72 Million | -5.86% | 0.05x | $9.68 Million |
| AIS Resources Ltd (AIS) | $1.78 Million | -62.23% | 0.56x | $1.76 Million |
| Algo Grande Copper Corp. (ALGR) | $3.28 Million | -19.80% | 0.18x | $9.71 Million |
| Alkane Resources Limited (ALK) | $309.37 Million | 5.71% | 0.50x | $985.87 Million |
| Alliance Mining Corp (ALM) | $-656.72K | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $21.46 Million | -7.16% | 0.01x | $38.60 Million |
| Argus Metals Corp. (AML) | $3.56 Million | -6.01% | 0.17x | $1.59 Million |
About Omai Gold Mines Corp
Omai Gold Mines Corp. engages in the acquisition, exploration, evaluation, and development of mineral properties. The company explores for gold and precious mineral deposits, as well as stones. It holds a 100% interests in the Omai prospecting license that covers an area of 4,590 acres located in the Potaro mining district of Guyana, as well as the adjoining Eastern flats mining permits. The comp… Read more