Optegra Ventures Inc.
Optegra Ventures Inc., a natural resource company, engages in the acquisition, exploration, and development of mineral properties. The company explores in the gold and precious metal deposits. It holds 88% interest in the Cumberland projects covering an area of approximately 26,000 hectares located in Georgetown, North Queensland; the Compass Creek projects consist of 6,400 hectares in Pine Creek… Read more
Optegra Ventures Inc. (OPTG) - Net Assets
Latest net assets as of March 2024: CA$787.00K CAD
Based on the latest financial reports, Optegra Ventures Inc. (OPTG) has net assets worth CA$787.00K CAD as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$1.39 Million) and total liabilities (CA$600.81K). 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$787.00K |
| % of Total Assets | 56.71% |
| Annual Growth Rate | -36.11% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 32.38 |
Optegra Ventures Inc. - Net Assets Trend (2020–2023)
This chart illustrates how Optegra Ventures Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Optegra Ventures Inc. (2020–2023)
The table below shows the annual net assets of Optegra Ventures Inc. from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-09-30 | CA$958.17K | -72.05% |
| 2022-09-30 | CA$3.43 Million | -3.77% |
| 2021-09-30 | CA$3.56 Million | -2.97% |
| 2020-09-30 | CA$3.67 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Optegra Ventures Inc.'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 506123000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$9.55 Million | 997.17% |
| Total Equity | CA$958.17K | 100.00% |
Optegra Ventures Inc. Competitors by Market Cap
The table below lists competitors of Optegra Ventures Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
American Financial Group AFGE
NYSE:AFGE
|
$153.49K |
|
Daelim Industrial Co. Ltd. Pfd. Series 1
KQ:000215
|
$153.66K |
|
CANADIAN SOLAR - Dusseldorf Stock Exchang
DU:L5A
|
$154.00K |
|
SparDanmark Invest Konservativ
CO:SDIKON
|
$154.00K |
|
GMO INTERNET - Dusseldorf Stock Exchang
DU:IQ3
|
$153.35K |
|
BIOVICA INTL. SK-07
F:9II
|
$153.29K |
|
Sparta Infra Cdi Fd De Invest Em Cotas De Fd Incentivados De Inv Em Infraestrutura Renda Fixa Cr Pri
SA:CDII11
|
$153.27K |
|
LTMT11
SA:LTMT11
|
$153.24K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Optegra Ventures Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 3,428,384 to 958,174, a change of -2,470,210 (-72.1%).
- Net loss of 2,587,499 reduced equity.
- New share issuances of 117,289 increased equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-2.59 Million | -270.04% |
| Share Issuances | CA$117.29K | +12.24% |
| Total Change | CA$- | -72.05% |
Book Value vs Market Value Analysis
This analysis compares Optegra Ventures Inc.'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: 1.06x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.09x to 1.06x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-09-30 | CA$1.27 | CA$0.12 | x |
| 2021-09-30 | CA$0.91 | CA$0.12 | x |
| 2022-09-30 | CA$0.42 | CA$0.12 | x |
| 2023-09-30 | CA$0.11 | CA$0.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Optegra Ventures Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -270.04%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.40x
- Recent ROE (-270.04%) is below the historical average (-99.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -55.99% | 0.00% | 0.00x | 1.05x | CA$-2.42 Million |
| 2021 | -37.76% | 0.00% | 0.00x | 1.08x | CA$-1.70 Million |
| 2022 | -32.91% | 0.00% | 0.00x | 1.09x | CA$-1.47 Million |
| 2023 | -270.04% | 0.00% | 0.00x | 1.40x | CA$-2.68 Million |
Industry Comparison
This section compares Optegra Ventures Inc.'s net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $30,833,953
- Average return on equity (ROE) among peers: -67.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Optegra Ventures Inc. (OPTG) | CA$787.00K | -55.99% | 0.76x | $153.49K |
| Asbestos Corporation Limited (AB-H) | $-20.02 Million | 0.00% | 0.00x | $467.16K |
| Asiabasemetals Inc (ABZ) | $-394.71K | 0.00% | 0.00x | $1.49 Million |
| Alphamin Res (AFM) | $310.73 Million | 15.51% | 0.36x | $456.79 Million |
| African Metals Corporation (AFR) | $942.26K | -69.83% | 0.14x | $409.36K |
| Bullet Exploration Inc (AMMO) | $2.16 Million | -41.07% | 24.74x | $3.15 Million |
| AM Resources Corp (AMR) | $596.66K | -503.92% | 1.17x | $2.45 Million |
| Andina Copper Corporation (ANDC) | $6.58 Million | -35.34% | 0.01x | $101.97 Million |
| Auriginal Mining Corp. (AUME) | $8.45 Million | -20.72% | 0.21x | $6.12 Million |
| Aurora Royalties Inc (AUR-H) | $350.13K | -16.93% | 0.05x | $266.34K |
| Balto Resources Ltd (BAL-H) | $-1.07 Million | 0.00% | 0.00x | $375.18K |