Vulcan Minerals Inc. (VUL) - Net Assets
Based on the latest financial reports, Vulcan Minerals Inc. (VUL) has net assets worth CA$41.38 Million CAD (≈ $29.93 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$44.41 Million ≈ $32.12 Million USD) and total liabilities (CA$3.03 Million ≈ $2.19 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 Vulcan Minerals Inc. (VUL) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$41.38 Million |
| % of Total Assets | 93.18% |
| Annual Growth Rate | 15.3% |
| 5-Year Change | 1462.98% |
| 10-Year Change | 617.83% |
| Growth Volatility | 301.75 |
Vulcan Minerals Inc. - Net Assets Trend (1997–2024)
This chart illustrates how Vulcan Minerals Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore Vulcan Minerals Inc. (VUL) total assets for the complete picture of this company's asset base.
Annual Net Assets for Vulcan Minerals Inc. (1997–2024)
The table below shows the annual net assets of Vulcan Minerals Inc. from 1997 to 2024. For live valuation and market cap data, see market cap of Vulcan Minerals Inc..
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$41.92 Million ≈ $30.33 Million |
-4.00% |
| 2023-12-31 | CA$43.67 Million ≈ $31.59 Million |
+0.13% |
| 2022-12-31 | CA$43.61 Million ≈ $31.55 Million |
-3.32% |
| 2021-12-31 | CA$45.11 Million ≈ $32.63 Million |
+1581.74% |
| 2020-12-31 | CA$2.68 Million ≈ $1.94 Million |
+34.18% |
| 2019-12-31 | CA$2.00 Million ≈ $1.45 Million |
+1.03% |
| 2018-12-31 | CA$1.98 Million ≈ $1.43 Million |
-42.06% |
| 2017-12-31 | CA$3.41 Million ≈ $2.47 Million |
-32.79% |
| 2016-12-31 | CA$5.08 Million ≈ $3.68 Million |
-13.00% |
| 2015-12-31 | CA$5.84 Million ≈ $4.22 Million |
-23.65% |
| 2014-12-31 | CA$7.65 Million ≈ $5.53 Million |
-11.46% |
| 2013-12-31 | CA$8.64 Million ≈ $6.25 Million |
-12.59% |
| 2012-12-31 | CA$9.88 Million ≈ $7.15 Million |
-15.08% |
| 2011-12-31 | CA$11.64 Million ≈ $8.42 Million |
-19.17% |
| 2010-12-31 | CA$14.40 Million ≈ $10.42 Million |
+31.13% |
| 2009-12-31 | CA$10.98 Million ≈ $7.94 Million |
+16.38% |
| 2008-12-31 | CA$9.44 Million ≈ $6.83 Million |
-26.14% |
| 2007-12-31 | CA$12.77 Million ≈ $9.24 Million |
+110.20% |
| 2006-12-31 | CA$6.08 Million ≈ $4.40 Million |
-7.79% |
| 2005-12-31 | CA$6.59 Million ≈ $4.77 Million |
+26.87% |
| 2004-12-31 | CA$5.20 Million ≈ $3.76 Million |
+120.87% |
| 2003-12-31 | CA$2.35 Million ≈ $1.70 Million |
+237.11% |
| 2002-12-31 | CA$697.73K ≈ $504.73K |
-40.51% |
| 2001-12-31 | CA$1.17 Million ≈ $848.40K |
+37.99% |
| 2000-12-31 | CA$849.95K ≈ $614.84K |
+54.87% |
| 1999-12-31 | CA$548.81K ≈ $397.00K |
-22.27% |
| 1998-12-31 | CA$706.04K ≈ $510.74K |
-21.31% |
| 1997-12-31 | CA$897.27K ≈ $649.08K |
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Equity Component Analysis
This analysis shows how different components contribute to Vulcan 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 grown by 1209494100.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$11.54 Million | 27.52% |
| Other Components | CA$30.38 Million | 72.48% |
| Total Equity | CA$41.92 Million | 100.00% |
Vulcan Minerals Inc. Competitors by Market Cap
The table below lists competitors of Vulcan Minerals Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Carmit
TA:CRMT
|
$26.66 Million |
|
United Homes Group Inc.
NASDAQ:UHG
|
$26.66 Million |
|
Goodyear Indonesia Tbk
JK:GDYR
|
$26.67 Million |
|
Pili International Multimedia Co Ltd
TWO:8450
|
$26.67 Million |
|
Fun Yours Technology Co Ltd
TWO:6482
|
$26.66 Million |
|
Kwang Myung El
KO:017040
|
$26.65 Million |
|
Embrace Change Acquisition Corp Ordinary Shares
NASDAQ:EMCG
|
$26.65 Million |
|
PlumbFast Co. Ltd
KQ:035200
|
$26.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vulcan Minerals Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 43,666,921 to 41,921,548, a change of -1,745,373 (-4.0%).
- Net loss of 1,494,725 reduced equity.
- Other comprehensive income increased equity by 1,404,252.
- Other factors decreased equity by 1,654,900.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.49 Million | -3.57% |
| Other Comprehensive Income | CA$1.40 Million | +3.35% |
| Other Changes | CA$-1.65 Million | -3.95% |
| Total Change | CA$- | -4.00% |
Book Value vs Market Value Analysis
This analysis compares Vulcan 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: 0.88x
- 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 2.74x to 0.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | CA$0.10 | CA$0.29 | x |
| 1998-12-31 | CA$0.07 | CA$0.29 | x |
| 1999-12-31 | CA$0.06 | CA$0.29 | x |
| 2000-12-31 | CA$0.08 | CA$0.29 | x |
| 2001-12-31 | CA$0.09 | CA$0.29 | x |
| 2002-12-31 | CA$0.05 | CA$0.29 | x |
| 2003-12-31 | CA$0.14 | CA$0.29 | x |
| 2004-12-31 | CA$0.22 | CA$0.29 | x |
| 2005-12-31 | CA$0.23 | CA$0.29 | x |
| 2006-12-31 | CA$0.17 | CA$0.29 | x |
| 2007-12-31 | CA$0.32 | CA$0.29 | x |
| 2008-12-31 | CA$0.22 | CA$0.29 | x |
| 2009-12-31 | CA$0.25 | CA$0.29 | x |
| 2010-12-31 | CA$0.28 | CA$0.29 | x |
| 2011-12-31 | CA$0.20 | CA$0.29 | x |
| 2012-12-31 | CA$0.16 | CA$0.29 | x |
| 2013-12-31 | CA$0.14 | CA$0.29 | x |
| 2014-12-31 | CA$0.12 | CA$0.29 | x |
| 2015-12-31 | CA$0.09 | CA$0.29 | x |
| 2016-12-31 | CA$0.08 | CA$0.29 | x |
| 2017-12-31 | CA$0.05 | CA$0.29 | x |
| 2018-12-31 | CA$0.02 | CA$0.29 | x |
| 2019-12-31 | CA$0.02 | CA$0.29 | x |
| 2020-12-31 | CA$0.03 | CA$0.29 | x |
| 2021-12-31 | CA$0.39 | CA$0.29 | x |
| 2022-12-31 | CA$0.39 | CA$0.29 | x |
| 2023-12-31 | CA$0.36 | CA$0.29 | x |
| 2024-12-31 | CA$0.32 | CA$0.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vulcan Minerals Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3.57%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.08x
- Recent ROE (-3.57%) is above the historical average (-20.83%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | -20.20% | -663.22% | 0.03x | 1.03x | CA$-270.98K |
| 1998 | -33.64% | -840.83% | 0.04x | 1.02x | CA$-308.10K |
| 1999 | -37.53% | -963.81% | 0.03x | 1.12x | CA$-260.86K |
| 2000 | -11.76% | -522.99% | 0.02x | 1.02x | CA$-184.92K |
| 2001 | -12.04% | -597.83% | 0.02x | 1.20x | CA$-258.45K |
| 2002 | -110.16% | -11300.21% | 0.01x | 1.13x | CA$-838.41K |
| 2003 | -12.80% | -2904.04% | 0.00x | 1.03x | CA$-536.39K |
| 2004 | -11.17% | -1013.48% | 0.01x | 1.05x | CA$-1.10 Million |
| 2005 | -7.18% | -702.21% | 0.01x | 1.24x | CA$-1.13 Million |
| 2006 | -20.30% | -1278.17% | 0.01x | 1.17x | CA$-1.84 Million |
| 2007 | -15.03% | -1893.83% | 0.01x | 1.18x | CA$-3.20 Million |
| 2008 | -8.84% | -4877.99% | 0.00x | 1.07x | CA$-1.78 Million |
| 2009 | -2.09% | -89.69% | 0.02x | 1.04x | CA$-1.33 Million |
| 2010 | 0.43% | 12.31% | 0.03x | 1.07x | CA$-1.38 Million |
| 2011 | -14.91% | 0.00% | 0.00x | 1.15x | CA$-2.90 Million |
| 2012 | -17.15% | 0.00% | 0.00x | 1.06x | CA$-2.56 Million |
| 2013 | -19.66% | 0.00% | 0.00x | 1.06x | CA$-2.44 Million |
| 2014 | -15.54% | 0.00% | 0.00x | 1.08x | CA$-1.83 Million |
| 2015 | -31.73% | 0.00% | 0.00x | 1.11x | CA$-2.24 Million |
| 2016 | -16.38% | 0.00% | 0.00x | 1.11x | CA$-1.23 Million |
| 2017 | -60.40% | 0.00% | 0.00x | 1.26x | CA$-1.96 Million |
| 2018 | -120.78% | -13301.44% | 0.01x | 1.56x | CA$-1.79 Million |
| 2019 | -32.56% | 0.00% | 0.00x | 1.89x | CA$-504.55K |
| 2020 | -15.76% | 0.00% | 0.00x | 1.34x | CA$-576.06K |
| 2021 | 75.47% | 0.00% | 0.00x | 1.09x | CA$29.53 Million |
| 2022 | -6.32% | 0.00% | 0.00x | 1.09x | CA$-7.12 Million |
| 2023 | -1.77% | 0.00% | 0.00x | 1.09x | CA$-5.14 Million |
| 2024 | -3.57% | 0.00% | 0.00x | 1.08x | CA$-5.69 Million |
Industry Comparison
This section compares Vulcan 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: $49,314,810
- Average return on equity (ROE) among peers: -11.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vulcan Minerals Inc. (VUL) | CA$41.38 Million | -20.20% | 0.07x | $26.66 Million |
| Aftermath Silver Ltd (AAG) | $-553.41K | 0.00% | 0.00x | $185.75 Million |
| Aton Resources Inc (AAN) | $-1.13 Million | 0.00% | 0.00x | $49.79 Million |
| Arbor Metals Corp (ABR) | $1.00 Million | -16.27% | 0.02x | $10.75 Million |
| Asiabasemetals Inc (ABZ) | $717.72K | -45.73% | 0.05x | $4.67 Million |
| Adex Mining Inc (ADE) | $-30.95 Million | 0.00% | 0.00x | $27.09 Million |
| Alphamin Res (AFM) | $367.40 Million | 27.47% | 0.33x | $1.30 Billion |
| Silver X Mining Corp (AGX) | $38.37 Million | -47.47% | 0.73x | $148.73 Million |
| Amarc Resources Ltd. (AHR) | $14.00 Million | 5.93% | 0.01x | $148.33 Million |
| Almonty Industries Inc (AII) | $39.75 Million | -36.45% | 3.85x | $4.73 Billion |
| Aldebaran Resources Inc (ALDE) | $64.54 Million | -3.09% | 0.01x | $332.39 Million |
About Vulcan Minerals Inc.
Vulcan Minerals Inc. engages in the acquisition, evaluation, and exploration of mineral properties in Newfoundland and Labrador. It primarily explores for copper, gold, nickel, cobalt, salt, and gypsum deposits. The company was incorporated in 1995 and is based in St. John's, Canada.