Palisades Goldcorp Ltd. (PALI) - Net Assets
Based on the latest financial reports, Palisades Goldcorp Ltd. (PALI) has net assets worth CA$136.54 Million CAD as of June 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$174.72 Million) and total liabilities (CA$38.18 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$136.54 Million |
| % of Total Assets | 78.15% |
| Annual Growth Rate | -44.85% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Palisades Goldcorp Ltd. - Net Assets Trend (2021–2022)
This chart illustrates how Palisades Goldcorp 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 Palisades Goldcorp Ltd. (2021–2022)
The table below shows the annual net assets of Palisades Goldcorp Ltd. from 2021 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | CA$217.38 Million | -44.82% |
| 2021-12-31 | CA$393.97 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Palisades Goldcorp 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 50.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$144.09 Million | 66.29% |
| Other Components | CA$73.29 Million | 33.71% |
| Total Equity | CA$217.38 Million | 100.00% |
Palisades Goldcorp Ltd. Competitors by Market Cap
The table below lists competitors of Palisades Goldcorp Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lippo General Insurance Tbk
JK:LPGI
|
$121.29 Million |
|
Shree Pushkar Chemicals & Fertilisers Limited
NSE:SHREEPUSHK
|
$121.32 Million |
|
Studentbostader I Sverige AB
ST:STUDBO
|
$121.33 Million |
|
Black Diamond Therapeutics Inc
NASDAQ:BDTX
|
$121.36 Million |
|
Gezinomi Seyahat Turizm Ticaret AS
IS:GZNMI
|
$121.20 Million |
|
Rekor Systems Inc
NASDAQ:REKR
|
$121.18 Million |
|
Awardit AB
ST:AWRD
|
$121.17 Million |
|
SUI Group Holdings Limited
NASDAQ:SUIG
|
$121.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Palisades Goldcorp Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 393,979,413 to 217,379,089, a change of -176,600,324 (-44.8%).
- Net loss of 148,078,541 reduced equity.
- Other factors decreased equity by 28,521,783.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-148.08 Million | -68.12% |
| Other Changes | CA$-28.52 Million | -13.12% |
| Total Change | CA$- | -44.82% |
Book Value vs Market Value Analysis
This analysis compares Palisades Goldcorp 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: 0.59x
- 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 increased from 0.33x to 0.59x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | CA$7.98 | CA$2.60 | x |
| 2022-12-31 | CA$4.41 | CA$2.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Palisades Goldcorp 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): -68.12%
- 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: 1.31x
- Recent ROE (-68.12%) is below the historical average (-0.69%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 66.74% | 0.00% | 0.00x | 1.36x | CA$223.53 Million |
| 2022 | -68.12% | 0.00% | 0.00x | 1.31x | CA$-169.82 Million |
Industry Comparison
This section compares Palisades Goldcorp Ltd.'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 |
|---|---|---|---|---|
| Palisades Goldcorp Ltd. (PALI) | CA$136.54 Million | 66.74% | 0.28x | $121.25 Million |
| 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 Palisades Goldcorp Ltd.
Palisades Goldcorp Ltd., a resource investment company and merchant bank, focuses on investing in junior companies in the resource and mining sector. The company was incorporated in 2019 and is based in Vancouver, Canada.