Western Exploration Inc (WEX) - Net Assets
Based on the latest financial reports, Western Exploration Inc (WEX) has net assets worth CA$8.82 Million CAD (≈ $6.38 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$10.19 Million ≈ $7.37 Million USD) and total liabilities (CA$1.37 Million ≈ $987.94K 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. Read how much debt does Western Exploration Inc carry for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$8.82 Million |
| % of Total Assets | 86.6% |
| Annual Growth Rate | 1.87% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 26.7 |
Western Exploration Inc - Net Assets Trend (2020–2024)
This chart illustrates how Western Exploration Inc's net assets have evolved over time, based on quarterly financial data. Also explore WEX total asset value for the complete picture of this company's asset base.
Annual Net Assets for Western Exploration Inc (2020–2024)
The table below shows the annual net assets of Western Exploration Inc from 2020 to 2024. For live valuation and market cap data, see WEX company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$8.50 Million ≈ $6.15 Million |
+6.62% |
| 2023-12-31 | CA$7.97 Million ≈ $5.77 Million |
-10.55% |
| 2022-12-31 | CA$8.91 Million ≈ $6.45 Million |
-23.41% |
| 2021-12-31 | CA$11.63 Million ≈ $8.42 Million |
+47.42% |
| 2020-12-31 | CA$7.89 Million ≈ $5.71 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Western Exploration 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 1420438700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$74.11 Million | 872.00% |
| Total Equity | CA$8.50 Million | 100.00% |
Western Exploration Inc Competitors by Market Cap
The table below lists competitors of Western Exploration Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tayih Lun An Co Ltd
TWO:8107
|
$30.25 Million |
|
Coal Energy S.A.
WAR:CLE
|
$30.25 Million |
|
Unisync Corp
TO:UNI
|
$30.26 Million |
|
Cosol Ltd
AU:COS
|
$30.26 Million |
|
UFO Moviez India Limited
NSE:UFO
|
$30.20 Million |
|
Frtek Co.Ltd
KQ:073540
|
$30.20 Million |
|
Bonasudden Holding AB
ST:BONAS
|
$30.19 Million |
|
Asian Hotels (East) Limited
NSE:AHLEAST
|
$30.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Western Exploration Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,971,743 to 8,499,245, a change of 527,502 (6.6%).
- Net loss of 5,716,903 reduced equity.
- New share issuances of 5,870,654 increased equity.
- Other factors increased equity by 373,751.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-5.72 Million | -67.26% |
| Share Issuances | CA$5.87 Million | +69.07% |
| Other Changes | CA$373.75K | +4.4% |
| Total Change | CA$- | 6.62% |
Book Value vs Market Value Analysis
This analysis compares Western Exploration 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: 3.58x
- 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 2.58x to 3.58x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | CA$0.26 | CA$0.67 | x |
| 2021-12-31 | CA$0.38 | CA$0.67 | x |
| 2022-12-31 | CA$0.28 | CA$0.67 | x |
| 2023-12-31 | CA$0.23 | CA$0.67 | x |
| 2024-12-31 | CA$0.19 | CA$0.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Western Exploration Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -67.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.14x
- Recent ROE (-67.26%) is below the historical average (-58.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -91.49% | 0.00% | 0.00x | 1.25x | CA$-8.01 Million |
| 2021 | -15.96% | 0.00% | 0.00x | 1.21x | CA$-3.02 Million |
| 2022 | -60.41% | 0.00% | 0.00x | 1.12x | CA$-6.27 Million |
| 2023 | -57.04% | 0.00% | 0.00x | 1.17x | CA$-5.34 Million |
| 2024 | -67.26% | 0.00% | 0.00x | 1.14x | CA$-6.57 Million |
Industry Comparison
This section compares Western Exploration Inc's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $19,020,437
- Average return on equity (ROE) among peers: -25.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Western Exploration Inc (WEX) | CA$8.82 Million | -91.49% | 0.15x | $30.23 Million |
| AbraSilver Resource Corp. (ABRA) | $8.76 Million | -117.42% | 2.77x | $1.97 Billion |
| Archon Minerals Ltd (ACS) | $-1.32 Million | 0.00% | 0.00x | $4.63 Million |
| Arctic Star Exploration Corp (ADD) | $7.61 Million | -10.85% | 0.15x | $1.73 Million |
| Adyton Resources Corp (ADY) | $276.14K | -90.50% | 0.96x | $80.71 Million |
| Adamera Minerals Corp. (ADZ) | $4.83 Million | -11.80% | 0.15x | $3.91 Million |
| Austral Gold Ltd (AGLD) | $79.55 Million | 12.51% | 0.72x | $69.64 Million |
| Clean Air Metals Inc (AIR) | $33.89 Million | -9.22% | 0.12x | $12.23 Million |
| Alpha Exploration Ltd (ALEX) | $15.98 Million | -2.45% | 0.05x | $43.40 Million |
| American Creek Resources Ltd (AMK) | $14.12 Million | -24.77% | 0.02x | $54.98 Million |
| Azucar Minerals Ltd (AMZ) | $26.52 Million | -4.99% | 0.01x | $3.47 Million |
About Western Exploration Inc
Western Exploration Inc. engages in the exploration, acquisition, development, and mining of precious metals and other mineral deposits in the state of Nevada, the United States. The company explores for gold and silver deposits. Its flagship property is the Aura project comprising 709 unpatented lode mining claims covering 12,848 acres located in Elko County, Nevada. The company is based in Vanc… Read more