Patagonia Gold Corp (PGDC) - Net Assets
Based on the latest financial reports, Patagonia Gold Corp (PGDC) has net assets worth CA$10.50 Million CAD (≈ $7.59 Million USD) as of September 2022. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$54.32 Million ≈ $39.30 Million USD) and total liabilities (CA$43.83 Million ≈ $31.70 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 Patagonia Gold Corp (PGDC) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$10.50 Million |
| % of Total Assets | 19.32% |
| Annual Growth Rate | 12.94% |
| 5-Year Change | -47.62% |
| 10-Year Change | -51.7% |
| Growth Volatility | 483.33 |
Patagonia Gold Corp - Net Assets Trend (2001–2021)
This chart illustrates how Patagonia Gold Corp's net assets have evolved over time, based on quarterly financial data. Also explore Patagonia Gold Corp asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Patagonia Gold Corp (2001–2021)
The table below shows the annual net assets of Patagonia Gold Corp from 2001 to 2021. For live valuation and market cap data, see Patagonia Gold Corp stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2021-12-31 | CA$17.70 Million ≈ $12.80 Million |
-17.33% |
| 2020-12-31 | CA$21.41 Million ≈ $15.48 Million |
+133.27% |
| 2019-12-31 | CA$9.18 Million ≈ $6.64 Million |
-60.76% |
| 2018-12-31 | CA$23.38 Million ≈ $16.91 Million |
-30.79% |
| 2017-12-31 | CA$33.78 Million ≈ $24.44 Million |
+81.78% |
| 2016-12-31 | CA$18.59 Million ≈ $13.44 Million |
+127.87% |
| 2015-12-31 | CA$8.16 Million ≈ $5.90 Million |
-70.19% |
| 2014-12-31 | CA$27.36 Million ≈ $19.79 Million |
+8.42% |
| 2013-12-31 | CA$25.24 Million ≈ $18.26 Million |
-31.11% |
| 2012-12-31 | CA$36.64 Million ≈ $26.50 Million |
+15.00% |
| 2011-12-31 | CA$31.86 Million ≈ $23.05 Million |
+114.66% |
| 2010-12-31 | CA$14.84 Million ≈ $10.74 Million |
+150.32% |
| 2009-12-31 | CA$5.93 Million ≈ $4.29 Million |
+151.18% |
| 2008-12-31 | CA$2.36 Million ≈ $1.71 Million |
+29.95% |
| 2007-12-31 | CA$1.82 Million ≈ $1.31 Million |
-24.00% |
| 2006-12-31 | CA$2.39 Million ≈ $1.73 Million |
-90.71% |
| 2005-12-31 | CA$25.72 Million ≈ $18.61 Million |
-24.61% |
| 2004-12-31 | CA$34.12 Million ≈ $24.68 Million |
+4.81% |
| 2003-12-31 | CA$32.56 Million ≈ $23.55 Million |
+2215.54% |
| 2002-12-31 | CA$1.41 Million ≈ $1.02 Million |
-9.34% |
| 2001-12-31 | CA$1.55 Million ≈ $1.12 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Patagonia 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 20160396483.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2021)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$11.24 Million | 58.91% |
| Other Comprehensive Income | CA$19.88 Million | 104.13% |
| Other Components | CA$189.68 Million | 993.70% |
| Total Equity | CA$19.09 Million | 100.00% |
Patagonia Gold Corp Competitors by Market Cap
The table below lists competitors of Patagonia Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hiron-Trade Investments & Industrial Buildings Ltd
TA:HRON
|
$312.93 Million |
|
Deceuninck
BR:DECB
|
$313.07 Million |
|
Transcontinental Realty Investors
NYSE:TCI
|
$313.26 Million |
|
Kosy JSC
VN:KOS
|
$313.37 Million |
|
Blue Ridge Bankshares Inc
NYSE MKT:BRBS
|
$312.85 Million |
|
Digital Imaging Technology INC
KQ:110990
|
$312.69 Million |
|
Chemung Financial Corp
NASDAQ:CHMG
|
$312.58 Million |
|
Svedbergs i Dalstorp AB (publ)
ST:SVED-B
|
$312.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Patagonia Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2021, total equity changed from 22,700,000 to 19,088,000, a change of -3,612,000 (-15.9%).
- Net loss of 11,169,000 reduced equity.
- Dividend payments of 2,930,000 reduced retained earnings.
- Share repurchases of 20,000 reduced equity.
- New share issuances of 7,408,000 increased equity.
- Other comprehensive income increased equity by 133,000.
- Other factors increased equity by 2,966,000.
Equity Change Factors (2020 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-11.17 Million | -58.51% |
| Dividends Paid | CA$2.93 Million | -15.35% |
| Share Repurchases | CA$20.00K | -0.1% |
| Share Issuances | CA$7.41 Million | +38.81% |
| Other Comprehensive Income | CA$133.00K | +0.7% |
| Other Changes | CA$2.97 Million | +15.54% |
| Total Change | CA$- | -15.91% |
Book Value vs Market Value Analysis
This analysis compares Patagonia 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: 21.75x
- 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 57.59x to 21.75x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | CA$0.02 | CA$0.93 | x |
| 2002-12-31 | CA$0.01 | CA$0.93 | x |
| 2003-12-31 | CA$0.15 | CA$0.93 | x |
| 2004-12-31 | CA$0.15 | CA$0.93 | x |
| 2005-12-31 | CA$0.10 | CA$0.93 | x |
| 2006-12-31 | CA$0.01 | CA$0.93 | x |
| 2007-12-31 | CA$0.01 | CA$0.93 | x |
| 2008-12-31 | CA$0.01 | CA$0.93 | x |
| 2009-12-31 | CA$0.01 | CA$0.93 | x |
| 2010-12-31 | CA$0.02 | CA$0.93 | x |
| 2011-12-31 | CA$0.04 | CA$0.93 | x |
| 2012-12-31 | CA$4.02 | CA$0.93 | x |
| 2013-12-31 | CA$2.82 | CA$0.93 | x |
| 2014-12-31 | CA$2.54 | CA$0.93 | x |
| 2015-12-31 | CA$0.01 | CA$0.93 | x |
| 2016-12-31 | CA$0.01 | CA$0.93 | x |
| 2017-12-31 | CA$0.02 | CA$0.93 | x |
| 2018-12-31 | CA$1.05 | CA$0.93 | x |
| 2019-12-31 | CA$0.03 | CA$0.93 | x |
| 2020-12-31 | CA$0.07 | CA$0.93 | x |
| 2021-12-31 | CA$0.04 | CA$0.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Patagonia Gold Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -58.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -61.69%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 3.02x
- Recent ROE (-58.51%) is above the historical average (-162.97%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -5.70% | 0.00% | 0.00x | 1.01x | CA$-243.44K |
| 2002 | -23.66% | 0.00% | 0.00x | 1.00x | CA$-473.25K |
| 2003 | -9.54% | 0.00% | 0.00x | 1.01x | CA$-6.36 Million |
| 2004 | -16.96% | 0.00% | 0.00x | 1.05x | CA$-9.20 Million |
| 2005 | -19.11% | 0.00% | 0.00x | 1.06x | CA$-7.49 Million |
| 2006 | -1393.69% | 0.00% | 0.00x | 1.25x | CA$-33.55 Million |
| 2007 | -675.66% | 0.00% | 0.00x | 1.58x | CA$-12.46 Million |
| 2008 | -359.99% | 0.00% | 0.00x | 2.04x | CA$-8.73 Million |
| 2009 | -199.21% | 0.00% | 0.00x | 1.46x | CA$-12.41 Million |
| 2010 | -75.92% | 0.00% | 0.00x | 1.27x | CA$-12.75 Million |
| 2011 | -118.98% | 0.00% | 0.00x | 1.45x | CA$-35.95 Million |
| 2012 | -63.62% | 0.00% | 0.00x | 1.34x | CA$-24.04 Million |
| 2013 | -50.74% | -120.38% | 0.21x | 2.03x | CA$-14.67 Million |
| 2014 | -24.12% | -17.90% | 0.75x | 1.79x | CA$-9.08 Million |
| 2015 | -150.06% | -50.08% | 0.87x | 3.46x | CA$-13.96 Million |
| 2016 | 4.80% | 3.04% | 0.54x | 2.91x | CA$-988.80K |
| 2017 | 21.89% | 22.91% | 0.43x | 2.20x | CA$3.97 Million |
| 2018 | -82.81% | -42.80% | 0.86x | 2.25x | CA$-23.07 Million |
| 2019 | -101.42% | -43.55% | 0.40x | 5.82x | CA$-10.49 Million |
| 2020 | -19.41% | -22.20% | 0.33x | 2.65x | CA$-6.68 Million |
| 2021 | -58.51% | -61.69% | 0.31x | 3.02x | CA$-13.08 Million |
Industry Comparison
This section compares Patagonia Gold Corp's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $15,138,265
- Average return on equity (ROE) among peers: -30.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Patagonia Gold Corp (PGDC) | CA$10.50 Million | -5.70% | 4.17x | $312.86 Million |
| AbraSilver Resource Corp. (ABRA) | $-379.36K | 0.00% | 0.00x | $1.97 Billion |
| Archon Minerals Ltd (ACS) | $-749.69K | 0.00% | 0.00x | $4.63 Million |
| Arctic Star Exploration Corp (ADD) | $2.06 Million | -33.58% | 0.13x | $1.73 Million |
| Adyton Resources Corp (ADY) | $12.60 Million | -18.74% | 0.03x | $80.71 Million |
| Adamera Minerals Corp. (ADZ) | $4.33 Million | -30.35% | 0.10x | $3.91 Million |
| Austral Gold Ltd (AGLD) | $80.97 Million | 9.21% | 0.87x | $69.64 Million |
| Clean Air Metals Inc (AIR) | $35.73 Million | -9.88% | 0.10x | $12.23 Million |
| Alpha Exploration Ltd (ALEX) | $7.30 Million | -10.62% | 0.17x | $43.40 Million |
| American Creek Resources Ltd (AMK) | $2.36 Million | -67.11% | 0.29x | $54.98 Million |
| Azucar Minerals Ltd (AMZ) | $7.16 Million | -141.18% | 0.01x | $3.47 Million |
About Patagonia Gold Corp
Patagonia Gold Corp. engages in the acquisition, exploration, and development of mineral properties and reserves in Argentina and Chile. It explores for gold and silver. The company is based in Vancouver, Canada.