Search Minerals Inc (SMY) - Net Assets
Based on the latest financial reports, Search Minerals Inc (SMY) has net assets worth CA$24.48 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$32.33 Million) and total liabilities (CA$7.85 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$24.48 Million |
| % of Total Assets | 75.72% |
| Annual Growth Rate | 25.42% |
| 5-Year Change | 17.42% |
| 10-Year Change | 147.94% |
| Growth Volatility | 81.3 |
Search Minerals Inc - Net Assets Trend (2007–2025)
This chart illustrates how Search Minerals 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 Search Minerals Inc (2007–2025)
The table below shows the annual net assets of Search Minerals Inc from 2007 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-11-30 | CA$24.48 Million | -2.72% |
| 2024-11-30 | CA$25.16 Million | -1.99% |
| 2023-11-30 | CA$25.67 Million | -4.71% |
| 2022-11-30 | CA$26.94 Million | +29.24% |
| 2021-11-30 | CA$20.84 Million | +79.62% |
| 2020-11-30 | CA$11.60 Million | +7.85% |
| 2019-11-30 | CA$10.76 Million | +8.20% |
| 2018-11-30 | CA$9.94 Million | +3.05% |
| 2017-11-30 | CA$9.65 Million | -2.25% |
| 2016-11-30 | CA$9.87 Million | +6.58% |
| 2015-11-30 | CA$9.26 Million | +19.57% |
| 2014-11-30 | CA$7.75 Million | +5.41% |
| 2013-11-30 | CA$7.35 Million | -14.53% |
| 2012-11-30 | CA$8.60 Million | -38.87% |
| 2011-11-30 | CA$14.06 Million | +221.41% |
| 2010-11-30 | CA$4.38 Million | +232.23% |
| 2009-11-30 | CA$1.32 Million | +7.90% |
| 2008-11-30 | CA$1.22 Million | +194.12% |
| 2007-11-30 | CA$414.99K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Search Minerals 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 2702722300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$51.60 Million | 210.81% |
| Total Equity | CA$24.48 Million | 100.00% |
Search Minerals Inc Competitors by Market Cap
The table below lists competitors of Search Minerals Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
O.R.T.
TA:ORTC
|
$11.62 Million |
|
TRIBECA RESOURCES CORPORA
F:381
|
$11.62 Million |
|
Maris Tech Ltd
NASDAQ:MTEK
|
$11.62 Million |
|
HANHUA FNCL HLDG CO.H YC1
F:5HF
|
$11.63 Million |
|
Asian Battery Metals Plc
AU:AZ9
|
$11.61 Million |
|
SynBiotic SE
F:SBX
|
$11.61 Million |
|
Palamina Corp
V:PA
|
$11.61 Million |
|
VVT Med Inc.
V:VVTM
|
$11.60 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Search Minerals Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 25,159,181 to 24,475,585, a change of -683,596 (-2.7%).
- Net loss of 1,393,579 reduced equity.
- New share issuances of 843,847 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.39 Million | -5.69% |
| Share Issuances | CA$843.85K | +3.45% |
| Other Changes | CA$-133.86K | -0.55% |
| Total Change | CA$- | -2.72% |
Book Value vs Market Value Analysis
This analysis compares Search Minerals 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: 0.62x
- 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 decreased from 2.61x to 0.62x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-11-30 | CA$0.14 | CA$0.36 | x |
| 2008-11-30 | CA$0.25 | CA$0.36 | x |
| 2009-11-30 | CA$0.14 | CA$0.36 | x |
| 2010-11-30 | CA$0.21 | CA$0.36 | x |
| 2011-11-30 | CA$0.30 | CA$0.36 | x |
| 2012-11-30 | CA$0.16 | CA$0.36 | x |
| 2013-11-30 | CA$0.09 | CA$0.36 | x |
| 2014-11-30 | CA$0.07 | CA$0.36 | x |
| 2015-11-30 | CA$0.07 | CA$0.36 | x |
| 2016-11-30 | CA$0.07 | CA$0.36 | x |
| 2017-11-30 | CA$0.06 | CA$0.36 | x |
| 2018-11-30 | CA$0.06 | CA$0.36 | x |
| 2019-11-30 | CA$0.05 | CA$0.36 | x |
| 2020-11-30 | CA$0.05 | CA$0.36 | x |
| 2021-11-30 | CA$0.07 | CA$0.36 | x |
| 2022-11-30 | CA$0.07 | CA$0.36 | x |
| 2023-11-30 | CA$0.62 | CA$0.36 | x |
| 2024-11-30 | CA$0.60 | CA$0.36 | x |
| 2025-11-30 | CA$0.58 | CA$0.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Search Minerals Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -5.69%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.32x
- Recent ROE (-5.69%) is above the historical average (-18.97%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -22.93% | -1052.06% | 0.02x | 1.03x | CA$-136.67K |
| 2008 | -64.10% | 0.00% | 0.00x | 1.05x | CA$-904.40K |
| 2009 | -16.83% | 0.00% | 0.00x | 1.25x | CA$-353.34K |
| 2010 | -36.77% | 0.00% | 0.00x | 1.37x | CA$-2.05 Million |
| 2011 | -10.10% | 0.00% | 0.00x | 1.15x | CA$-2.83 Million |
| 2012 | -80.43% | 0.00% | 0.00x | 1.08x | CA$-7.77 Million |
| 2013 | -38.43% | 0.00% | 0.00x | 1.13x | CA$-3.56 Million |
| 2014 | -17.73% | 0.00% | 0.00x | 1.21x | CA$-2.15 Million |
| 2015 | 3.25% | 0.00% | 0.00x | 1.10x | CA$-625.21K |
| 2016 | -4.19% | 0.00% | 0.00x | 1.06x | CA$-1.40 Million |
| 2017 | -9.18% | 0.00% | 0.00x | 1.15x | CA$-1.85 Million |
| 2018 | -11.38% | 0.00% | 0.00x | 1.20x | CA$-2.13 Million |
| 2019 | -8.20% | 0.00% | 0.00x | 1.23x | CA$-1.96 Million |
| 2020 | -13.35% | 0.00% | 0.00x | 1.20x | CA$-2.71 Million |
| 2021 | -9.95% | 0.00% | 0.00x | 1.04x | CA$-4.16 Million |
| 2022 | -5.83% | 0.00% | 0.00x | 1.09x | CA$-4.26 Million |
| 2023 | -6.02% | 0.00% | 0.00x | 1.15x | CA$-4.11 Million |
| 2024 | -2.56% | 0.00% | 0.00x | 1.21x | CA$-3.16 Million |
| 2025 | -5.69% | 0.00% | 0.00x | 1.32x | CA$-3.84 Million |
Industry Comparison
This section compares Search Minerals 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 |
|---|---|---|---|---|
| Search Minerals Inc (SMY) | CA$24.48 Million | -22.93% | 0.32x | $11.62 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 Search Minerals Inc
Search Minerals Inc. acquires, evaluates, and explores mineral resource properties in Canada. It explores for rare earth elements, zirconium, and hafnium deposits. The company holds interest in the Deep Fox and Foxtrot project located in the Port of St. Lewis, Labrador. It also owns interest in the Fox Meadow and Red Wine Property located in Labrador. The company was incorporated in 2006 and is b… Read more