South Atlantic Gold Inc. (SAO) - Net Assets
Based on the latest financial reports, South Atlantic Gold Inc. (SAO) has net assets worth CA$3.17 Million CAD as of November 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$3.79 Million) and total liabilities (CA$615.42K). 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$3.17 Million |
| % of Total Assets | 83.75% |
| Annual Growth Rate | -7.72% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1.24 |
South Atlantic Gold Inc. - Net Assets Trend (2022–2025)
This chart illustrates how South Atlantic Gold 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 South Atlantic Gold Inc. (2022–2025)
The table below shows the annual net assets of South Atlantic Gold Inc. from 2022 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-02-28 | CA$3.37 Million | -7.12% |
| 2024-02-29 | CA$3.63 Million | -6.58% |
| 2023-02-28 | CA$3.89 Million | -9.44% |
| 2022-02-28 | CA$4.29 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to South Atlantic Gold 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 206357500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (February 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$8.84 Million | 262.17% |
| Total Equity | CA$3.37 Million | 100.00% |
South Atlantic Gold Inc. Competitors by Market Cap
The table below lists competitors of South Atlantic Gold Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Stenocare AS
CO:STENO
|
$6.74 Million |
|
ARK Resources Bhd
KLSE:7007
|
$6.75 Million |
|
Capelli SA
PA:ALCAP
|
$6.75 Million |
|
Cerebra Integrated Technologies Limited
NSE:CEREBRAINT
|
$6.75 Million |
|
Evergreen Lithium Ltd
AU:EG1
|
$6.74 Million |
|
Cann Group Ltd
AU:CAN
|
$6.74 Million |
|
Pentanet Ltd
AU:5GG
|
$6.74 Million |
|
Rochester Resources Ltd
V:RCT
|
$6.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in South Atlantic Gold Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,629,550 to 3,371,177, a change of -258,373 (-7.1%).
- Net loss of 265,057 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-265.06K | -7.86% |
| Other Changes | CA$6.68K | +0.2% |
| Total Change | CA$- | -7.12% |
Book Value vs Market Value Analysis
This analysis compares South Atlantic Gold 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: 2.76x
- 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 1.87x to 2.76x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-02-28 | CA$0.05 | CA$0.09 | x |
| 2023-02-28 | CA$0.04 | CA$0.09 | x |
| 2024-02-29 | CA$0.03 | CA$0.09 | x |
| 2025-02-28 | CA$0.03 | CA$0.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently South Atlantic Gold Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -7.86%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.07x
- Recent ROE (-7.86%) is above the historical average (-16.81%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -10.79% | 0.00% | 0.00x | 1.09x | CA$-891.71K |
| 2023 | -13.47% | 0.00% | 0.00x | 1.07x | CA$-912.02K |
| 2024 | -35.13% | 0.00% | 0.00x | 1.13x | CA$-1.64 Million |
| 2025 | -7.86% | 0.00% | 0.00x | 1.07x | CA$-602.17K |
Industry Comparison
This section compares South Atlantic Gold 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: $-404,510
- Average return on equity (ROE) among peers: 31.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| South Atlantic Gold Inc. (SAO) | CA$3.17 Million | -10.79% | 0.19x | $6.74 Million |
| Aftermath Silver Ltd (AAG) | $25.06 Million | -33.91% | 0.29x | $215.07 Million |
| Aton Resources Inc (AAN) | $-1.50 Million | 0.00% | 0.00x | $52.55 Million |
| Asbestos Corporation Limited (AB-H) | $-22.33 Million | 0.00% | 0.00x | $1.85 Million |
| Arbor Metals Corp (ABR) | $3.78 Million | -10.88% | 0.34x | $10.15 Million |
| Asiabasemetals Inc (ABZ) | $-30.55K | 0.00% | 0.00x | $5.75 Million |
| Adex Mining Inc (ADE) | $-30.95 Million | 0.00% | 0.00x | $27.09 Million |
| AE Fuels Corporation (AEF) | $423.41K | -11.49% | 0.28x | $4.95 Million |
| Alphamin Res (AFM) | $272.15K | -48.58% | 0.07x | $1.27 Billion |
| African Metals Corporation (AFR) | $2.33 Million | 446.81% | 0.22x | $1.00 Million |
| Silver X Mining Corp (AGX) | $18.90 Million | -23.55% | 1.85x | $148.73 Million |
About South Atlantic Gold Inc.
South Atlantic Gold Inc. engages in the acquisition, exploration, and development of mineral properties in Brazil. The company primarily explores for gold deposits. It holds interest in the Pedra Branca project located in Ceara State, North-eastern Brazil. The company was formerly known as Jiulian Resources Inc. and changed its name to South Atlantic Gold Inc. in November 2020. South Atlantic Gol… Read more