Vertical Explorations Inc (VERT) - Net Assets
Based on the latest financial reports, Vertical Explorations Inc (VERT) has net assets worth CA$5.02 Million CAD (≈ $3.63 Million USD) as of May 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$6.01 Million ≈ $4.35 Million USD) and total liabilities (CA$988.15K ≈ $714.81K 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 VERT PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$5.02 Million |
| % of Total Assets | 83.56% |
| Annual Growth Rate | 17.39% |
| 5-Year Change | -6.48% |
| 10-Year Change | N/A |
| Growth Volatility | 92.97 |
Vertical Explorations Inc - Net Assets Trend (2007–2026)
This chart illustrates how Vertical Explorations Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see VERT market cap.
Annual Net Assets for Vertical Explorations Inc (2007–2026)
The table below shows the annual net assets of Vertical Explorations Inc from 2007 to 2026. Also explore VERT net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-02-28 | CA$5.10 Million ≈ $3.69 Million |
+0.93% |
| 2025-02-28 | CA$5.06 Million ≈ $3.66 Million |
-7.12% |
| 2024-02-29 | CA$5.44 Million ≈ $3.94 Million |
+8.79% |
| 2023-02-28 | CA$5.00 Million ≈ $3.62 Million |
-8.30% |
| 2022-02-28 | CA$5.46 Million ≈ $3.95 Million |
+187.30% |
| 2021-02-28 | CA$1.90 Million ≈ $1.37 Million |
+33.53% |
| 2020-02-29 | CA$1.42 Million ≈ $1.03 Million |
-6.81% |
| 2019-02-28 | CA$1.53 Million ≈ $1.10 Million |
+176.22% |
| 2018-02-28 | CA$552.62K ≈ $399.76K |
+149.09% |
| 2017-02-28 | CA$-1.13 Million ≈ $-814.38K |
-6.83% |
| 2016-02-29 | CA$-1.05 Million ≈ $-762.29K |
-68.70% |
| 2015-02-28 | CA$-624.65K ≈ $-451.87K |
-158.48% |
| 2014-02-28 | CA$1.07 Million ≈ $772.69K |
+7.93% |
| 2013-02-28 | CA$989.65K ≈ $715.90K |
+46.10% |
| 2012-02-29 | CA$677.38K ≈ $490.00K |
-54.95% |
| 2011-02-28 | CA$1.50 Million ≈ $1.09 Million |
+91.20% |
| 2010-02-28 | CA$786.48K ≈ $568.93K |
-16.17% |
| 2009-02-28 | CA$938.20K ≈ $678.68K |
+19.51% |
| 2008-02-29 | CA$785.02K ≈ $567.87K |
+223.47% |
| 2007-02-28 | CA$242.69K ≈ $175.56K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Vertical Explorations 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 1126037900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (February 2026)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$16.43 Million | 321.99% |
| Total Equity | CA$5.10 Million | 100.00% |
Vertical Explorations Inc Competitors by Market Cap
The table below lists competitors of Vertical Explorations Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Judges Scientific Plc
LSE:JDG
|
$3.33 Million |
|
Aeeris Ltd
AU:AER
|
$3.33 Million |
|
Pembroke VCT PLC
LSE:PEMB
|
$3.33 Million |
|
Oriental Culture Holding Ltd
NASDAQ:OCG
|
$3.33 Million |
|
Axilion Smart Mobility Ltd
TA:AILN
|
$3.32 Million |
|
Grand Gulf Energy Ltd
AU:GGE
|
$3.31 Million |
|
Datametrex AI Ltd
V:DM
|
$3.31 Million |
|
ODI PHARMA AB
F:6OD
|
$3.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vertical Explorations Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 5,057,054 to 5,103,886, a change of 46,832 (0.9%).
- Net loss of 237,268 reduced equity.
- New share issuances of 300,000 increased equity.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-237.27K | -4.65% |
| Share Issuances | CA$300.00K | +5.88% |
| Other Changes | CA$-15.90K | -0.31% |
| Total Change | CA$- | 0.93% |
Book Value vs Market Value Analysis
This analysis compares Vertical Explorations 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: 0.90x
- 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 increased from 0.19x to 0.90x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-02-28 | CA$0.16 | CA$0.03 | x |
| 2008-02-29 | CA$0.45 | CA$0.03 | x |
| 2009-02-28 | CA$0.35 | CA$0.03 | x |
| 2010-02-28 | CA$0.28 | CA$0.03 | x |
| 2011-02-28 | CA$0.46 | CA$0.03 | x |
| 2012-02-29 | CA$0.14 | CA$0.03 | x |
| 2013-02-28 | CA$0.12 | CA$0.03 | x |
| 2014-02-28 | CA$0.09 | CA$0.03 | x |
| 2015-02-28 | CA$-0.04 | CA$0.03 | x |
| 2016-02-29 | CA$-0.07 | CA$0.03 | x |
| 2017-02-28 | CA$-0.08 | CA$0.03 | x |
| 2018-02-28 | CA$0.02 | CA$0.03 | x |
| 2019-02-28 | CA$0.03 | CA$0.03 | x |
| 2020-02-29 | CA$0.02 | CA$0.03 | x |
| 2021-02-28 | CA$0.02 | CA$0.03 | x |
| 2022-02-28 | CA$0.06 | CA$0.03 | x |
| 2023-02-28 | CA$0.04 | CA$0.03 | x |
| 2024-02-29 | CA$0.04 | CA$0.03 | x |
| 2025-02-28 | CA$0.03 | CA$0.03 | x |
| 2026-02-28 | CA$0.03 | CA$0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vertical Explorations Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -4.65%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.18x
- Recent ROE (-4.65%) is above the historical average (-34.21%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -28.77% | 0.00% | 0.00x | 1.02x | CA$-94.08K |
| 2008 | -60.99% | 0.00% | 0.00x | 1.04x | CA$-557.32K |
| 2009 | -25.07% | 0.00% | 0.00x | 1.03x | CA$-329.05K |
| 2010 | -23.61% | 0.00% | 0.00x | 1.08x | CA$-264.37K |
| 2011 | -28.82% | 0.00% | 0.00x | 1.06x | CA$-583.83K |
| 2012 | -208.03% | 0.00% | 0.00x | 1.48x | CA$-1.48 Million |
| 2013 | -69.04% | 0.00% | 0.00x | 1.23x | CA$-782.25K |
| 2014 | -64.01% | 0.00% | 0.00x | 1.51x | CA$-790.54K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-2.00 Million |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-323.75K |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | CA$40.57K |
| 2018 | -39.54% | 0.00% | 0.00x | 1.86x | CA$-273.78K |
| 2019 | -36.36% | 0.00% | 0.00x | 1.41x | CA$-707.66K |
| 2020 | -25.09% | 0.00% | 0.00x | 1.34x | CA$-499.12K |
| 2021 | -14.83% | 0.00% | 0.00x | 1.18x | CA$-471.71K |
| 2022 | -18.03% | 0.00% | 0.00x | 1.03x | CA$-1.53 Million |
| 2023 | -11.26% | 0.00% | 0.00x | 1.12x | CA$-1.06 Million |
| 2024 | -17.55% | 0.00% | 0.00x | 1.12x | CA$-1.50 Million |
| 2025 | -8.54% | 0.00% | 0.00x | 1.19x | CA$-937.39K |
| 2026 | -4.65% | 0.00% | 0.00x | 1.18x | CA$-747.66K |
Industry Comparison
This section compares Vertical Explorations 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: $27,412,188
- Average return on equity (ROE) among peers: -18.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vertical Explorations Inc (VERT) | CA$5.02 Million | -28.77% | 0.20x | $3.32 Million |
| Aftermath Silver Ltd (AAG) | $-553.76K | 0.00% | 0.00x | $192.76 Million |
| Aton Resources Inc (AAN) | $-970.51K | 0.00% | 0.00x | $46.10 Million |
| Arbor Metals Corp (ABR) | $3.78 Million | -10.88% | 0.34x | $6.83 Million |
| Asiabasemetals Inc (ABZ) | $-3.48K | 0.00% | 0.00x | $3.09 Million |
| Adex Mining Inc (ADE) | $15.29 Million | -9.66% | 0.03x | $46.54 Million |
| Alphamin Res (AFM) | $56.05 Million | -6.90% | 0.01x | $1.38 Billion |
| Silver X Mining Corp (AGX) | $6.99 Million | -54.56% | 0.04x | $148.73 Million |
| Amarc Resources Ltd. (AHR) | $4.65 Million | -88.11% | 0.01x | $164.80 Million |
| Almonty Industries Inc (AII) | $21.86 Million | -10.24% | 0.68x | $3.18 Billion |
| Aldebaran Resources Inc (ALDE) | $167.02 Million | -0.80% | 0.03x | $404.19 Million |
About Vertical Explorations Inc
Vertical Exploration Inc., a junior mining company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. Its flagship project is the 100% owned St-Onge Wollastonite project comprises 26 map-designated cells covering an area of approximately 1,465 hectares located at St-Onge township in the Saguenay-Lac-St-Jean region of Quebec province. The company was formerly… Read more