Tesoro Minerals Corp. (TES) - Net Assets
Based on the latest financial reports, Tesoro Minerals Corp. (TES) has net assets worth CA$139.39K CAD as of April 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$172.60K) and total liabilities (CA$33.21K). 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$139.39K |
| % of Total Assets | 80.76% |
| Annual Growth Rate | -19.49% |
| 5-Year Change | -2.89% |
| 10-Year Change | 19.92% |
| Growth Volatility | 89.05 |
Tesoro Minerals Corp. - Net Assets Trend (2013–2024)
This chart illustrates how Tesoro Minerals Corp.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tesoro Minerals Corp. (2013–2024)
The table below shows the annual net assets of Tesoro Minerals Corp. from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-10-31 | CA$217.84K | +150.94% |
| 2023-10-31 | CA$86.81K | +101.13% |
| 2022-10-31 | CA$43.16K | -82.65% |
| 2021-10-31 | CA$248.78K | +10.90% |
| 2020-10-31 | CA$224.32K | +43.76% |
| 2019-10-31 | CA$156.04K | +5.55% |
| 2018-10-31 | CA$147.84K | -41.95% |
| 2017-10-31 | CA$254.67K | +321.44% |
| 2016-10-31 | CA$-115.00K | -163.31% |
| 2015-10-31 | CA$181.65K | -68.34% |
| 2014-10-31 | CA$573.77K | -75.73% |
| 2013-10-31 | CA$2.36 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tesoro Minerals 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 696137300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$42.71 Million | 19608.58% |
| Total Equity | CA$217.84K | 100.00% |
Tesoro Minerals Corp. Competitors by Market Cap
The table below lists competitors of Tesoro Minerals Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tombill Mines Limited
V:TBLL
|
$2.86 Million |
|
Nexion Group Ltd
AU:NNG
|
$2.86 Million |
|
Marin Software Inc
NASDAQ:MRIN
|
$2.86 Million |
|
CrownHaitai Holdings Co Ltd Preference Shares
KO:005745
|
$2.87 Million |
|
Thai Polycons Public Company Limited
BK:TPOLY
|
$2.86 Million |
|
World Copper Ltd
V:WCU
|
$2.85 Million |
|
Moab Minerals Ltd
AU:MOM
|
$2.85 Million |
|
Têxtil Renauxview S.A
SA:TXRX3
|
$2.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tesoro Minerals Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 86,808 to 217,835, a change of 131,027 (150.9%).
- Net loss of 543,843 reduced equity.
- New share issuances of 715,425 increased equity.
- Other factors decreased equity by 40,555.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-543.84K | -249.66% |
| Share Issuances | CA$715.42K | +328.43% |
| Other Changes | CA$-40.55K | -18.62% |
| Total Change | CA$- | 150.94% |
Book Value vs Market Value Analysis
This analysis compares Tesoro Minerals 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: 18.13x
- 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 26.62x to 18.13x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-10-31 | CA$0.00 | CA$0.12 | x |
| 2018-10-31 | CA$0.00 | CA$0.12 | x |
| 2019-10-31 | CA$0.00 | CA$0.12 | x |
| 2020-10-31 | CA$0.00 | CA$0.12 | x |
| 2021-10-31 | CA$0.00 | CA$0.12 | x |
| 2022-10-31 | CA$0.00 | CA$0.12 | x |
| 2023-10-31 | CA$0.00 | CA$0.12 | x |
| 2024-10-31 | CA$0.01 | CA$0.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tesoro Minerals Corp. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -249.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.26x
- Recent ROE (-249.66%) is above the historical average (-257.39%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -45.32% | 0.00% | 0.00x | 1.48x | CA$-1.31 Million |
| 2014 | -763.67% | 0.00% | 0.00x | 1.46x | CA$-4.44 Million |
| 2015 | -211.25% | 0.00% | 0.00x | 3.07x | CA$-401.91K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-264.18K |
| 2017 | -234.22% | 0.00% | 0.00x | 1.46x | CA$-621.95K |
| 2018 | -281.37% | 0.00% | 0.00x | 1.33x | CA$-430.77K |
| 2019 | -304.84% | 0.00% | 0.00x | 1.49x | CA$-491.28K |
| 2020 | -108.82% | 0.00% | 0.00x | 1.14x | CA$-266.55K |
| 2021 | -138.55% | 0.00% | 0.00x | 1.10x | CA$-369.55K |
| 2022 | -476.39% | 0.00% | 0.00x | 1.57x | CA$-209.93K |
| 2023 | -274.57% | 0.00% | 0.00x | 1.45x | CA$-247.03K |
| 2024 | -249.66% | 0.00% | 0.00x | 1.26x | CA$-565.63K |
Industry Comparison
This section compares Tesoro Minerals Corp.'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 |
|---|---|---|---|---|
| Tesoro Minerals Corp. (TES) | CA$139.39K | -45.32% | 0.24x | $2.86 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 Tesoro Minerals Corp.
Tesoro Minerals Corp., a mineral exploration company, engages in the acquisition, exploration, and evaluation of mineral resource properties in North and South America. It holds a 100 % interest in the Rumichaca and Cerro Macho epithermal gold-copper projects in south-central Peru. The company is headquartered in Vancouver, Canada.