Soma Gold Corp (SOMA) - Net Assets
Based on the latest financial reports, Soma Gold Corp (SOMA) has net assets worth CA$52.34 Million CAD (≈ $37.86 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$100.04 Million ≈ $72.37 Million USD) and total liabilities (CA$47.71 Million ≈ $34.51 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 Soma Gold Corp (SOMA) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$52.34 Million |
| % of Total Assets | 52.32% |
| Annual Growth Rate | 9.12% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 207.94 |
Soma Gold Corp - Net Assets Trend (2017–2024)
This chart illustrates how Soma Gold Corp's net assets have evolved over time, based on quarterly financial data. See SOMA cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Soma Gold Corp (2017–2024)
The table below shows the annual net assets of Soma Gold Corp from 2017 to 2024. For live valuation and market cap data, see SOMA market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$15.96 Million ≈ $11.55 Million |
+12.78% |
| 2023-12-31 | CA$14.15 Million ≈ $10.24 Million |
+411.78% |
| 2022-12-31 | CA$2.77 Million ≈ $2.00 Million |
+282.11% |
| 2021-12-31 | CA$-1.52 Million ≈ $-1.10 Million |
-1946.70% |
| 2020-12-31 | CA$-74.20K ≈ $-53.67K |
+99.19% |
| 2019-12-31 | CA$-9.21 Million ≈ $-6.66 Million |
-161.59% |
| 2018-12-31 | CA$14.95 Million ≈ $10.82 Million |
+72.62% |
| 2017-12-31 | CA$8.66 Million ≈ $6.27 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Soma 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 3502428400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$67.74 Million | 424.36% |
| Total Equity | CA$15.96 Million | 100.00% |
Soma Gold Corp Competitors by Market Cap
The table below lists competitors of Soma Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Houston American Energy Corporation
NYSE MKT:HUSA
|
$79.74 Million |
|
GTPL Hathway Limited
NSE:GTPL
|
$79.75 Million |
|
Sanifoam Sunger Sanayi ve Ticaret AS
IS:SANFM
|
$79.79 Million |
|
Avgol Industries 1953 Ltd
TA:AVGL
|
$79.82 Million |
|
Morn Sun Feed Mill Corp
TWO:1240
|
$79.71 Million |
|
Fifth District Bancorp, Inc. Common Stock
NASDAQ:FDSB
|
$79.71 Million |
|
Bathurst Resources Ltd
F:B0R
|
$79.70 Million |
|
Ocean Power Technologies Inc
NYSE MKT:OPTT
|
$79.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Soma Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 14,153,610 to 15,961,949, a change of 1,808,339 (12.8%).
- Net income of 4,227,192 contributed positively to equity growth.
- Other factors decreased equity by 2,418,853.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$4.23 Million | +26.48% |
| Other Changes | CA$-2.42 Million | -15.15% |
| Total Change | CA$- | 12.78% |
Book Value vs Market Value Analysis
This analysis compares Soma 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: 5.42x
- 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 increased from 1.62x to 5.42x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CA$0.58 | CA$0.94 | x |
| 2018-12-31 | CA$0.86 | CA$0.94 | x |
| 2019-12-31 | CA$-0.30 | CA$0.94 | x |
| 2020-12-31 | CA$0.00 | CA$0.94 | x |
| 2021-12-31 | CA$-0.02 | CA$0.94 | x |
| 2022-12-31 | CA$0.03 | CA$0.94 | x |
| 2023-12-31 | CA$0.15 | CA$0.94 | x |
| 2024-12-31 | CA$0.17 | CA$0.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Soma Gold Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 26.48%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.73%
- • Asset Turnover: 1.13x
- • Equity Multiplier: 4.96x
- Recent ROE (26.48%) is above the historical average (-12.54%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -84.26% | 0.00% | 0.00x | 4.17x | CA$-7.54 Million |
| 2018 | -71.63% | 0.00% | 0.00x | 3.49x | CA$-11.56 Million |
| 2019 | 0.00% | -2368.21% | 0.04x | 0.00x | CA$-36.75 Million |
| 2020 | 0.00% | 29.14% | 0.71x | 0.00x | CA$6.73 Million |
| 2021 | 0.00% | -3.05% | 1.16x | 0.00x | CA$-1.07 Million |
| 2022 | 9.31% | 0.49% | 1.03x | 18.63x | CA$-19.02K |
| 2023 | 19.76% | 3.45% | 1.10x | 5.24x | CA$1.38 Million |
| 2024 | 26.48% | 4.73% | 1.13x | 4.96x | CA$2.63 Million |
Industry Comparison
This section compares Soma Gold Corp's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $3,457,076,334
- Average return on equity (ROE) among peers: -12.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Soma Gold Corp (SOMA) | CA$52.34 Million | -84.26% | 0.91x | $79.74 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $3.29 Billion |
| Abcourt Mines Inc. (ABI) | $3.33 Million | -20.67% | 0.04x | $77.46 Million |
| Barrick Gold Corp (ABX) | $32.31 Billion | 6.26% | 0.45x | $70.55 Billion |
| American Eagle Gold Corp (AE) | $35.20 Million | -22.32% | 0.04x | $142.56 Million |
| Agnico Eagle Mines Limited (AEM) | $2.06 Billion | 6.77% | 0.33x | $86.35 Billion |
| Alamos Gold Inc (AGI) | $25.69 Million | -7.53% | 0.11x | $15.94 Billion |
| AIS Resources Ltd (AIS) | $479.48K | -11.79% | 0.06x | $2.79 Million |
| Alliance Mining Corp (ALM) | $-655.60K | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $24.24 Million | -6.73% | 0.03x | $41.82 Million |
| Almaden Minerals Ltd (AMM) | $5.18 Million | -58.59% | 0.09x | $24.82 Million |
About Soma Gold Corp
Soma Gold Corp., a natural resource company, engages in the acquisition, exploration, and development of mineral properties in Columbia. It operates El Bagre gold mining complex, which consists of an operating gold processing plant and the Cordero underground mine located in the Antioquia, Colombia. The company was formerly known as Para Resources Inc. and changed its name to Soma Gold Corp. in M… Read more