Western Gold Exploration Ltd
Western Gold Exploration Ltd., through its subsidiaries, engages in the exploration and development of mineral properties in Scotland. The company explores for gold and copper deposits. It holds interest in the Lagalochan copper-gold porphyry project located in Kilmelford, Scotland; and Ardlochan Project located in the Lorne Porphyry District. Western Gold Exploration Ltd. is headquartered in Nor… Read more
Western Gold Exploration Ltd (WGLD) - Net Assets
Latest net assets as of September 2025: CA$829.81K CAD
Based on the latest financial reports, Western Gold Exploration Ltd (WGLD) has net assets worth CA$829.81K CAD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$839.36K) and total liabilities (CA$9.55K). 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$829.81K |
| % of Total Assets | 98.86% |
| Annual Growth Rate | -19.24% |
| 5-Year Change | -86.43% |
| 10-Year Change | N/A |
| Growth Volatility | 78.77 |
Western Gold Exploration Ltd - Net Assets Trend (2019–2024)
This chart illustrates how Western Gold Exploration Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Western Gold Exploration Ltd (2019–2024)
The table below shows the annual net assets of Western Gold Exploration Ltd from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$848.73K | -41.06% |
| 2023-12-31 | CA$1.44 Million | +11.20% |
| 2022-12-31 | CA$1.29 Million | -77.85% |
| 2021-12-31 | CA$5.85 Million | -6.55% |
| 2020-12-31 | CA$6.26 Million | +153.01% |
| 2019-12-31 | CA$2.47 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Western Gold Exploration Ltd'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 1309774100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$14.93 Million | 1759.31% |
| Total Equity | CA$848.73K | 100.00% |
Western Gold Exploration Ltd Competitors by Market Cap
The table below lists competitors of Western Gold Exploration Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KGW Group Berhad
KLSE:0282
|
$2.21 Million |
|
Morixe Hermanos S.A. 5 Votes
BA:MORI5
|
$2.21 Million |
|
Resource Development Group Ltd
AU:RDG
|
$2.21 Million |
|
VANZO
KLSE:0333
|
$2.21 Million |
|
PNE PCB Bhd
KLSE:6637
|
$2.21 Million |
|
Cemacon Zalau
RO:CEON
|
$2.21 Million |
|
TCS Group Holdings Bhd
KLSE:0221
|
$2.21 Million |
|
Kuke Music Holding Ltd
NYSE:KUKE
|
$2.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Western Gold Exploration Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,440,071 to 848,726, a change of -591,345 (-41.1%).
- Net loss of 1,735,793 reduced equity.
- New share issuances of 1,155,280 increased equity.
- Other factors decreased equity by 10,832.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.74 Million | -204.52% |
| Share Issuances | CA$1.16 Million | +136.12% |
| Other Changes | CA$-10.83K | -1.28% |
| Total Change | CA$- | -41.06% |
Book Value vs Market Value Analysis
This analysis compares Western Gold Exploration Ltd'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: 20.78x
- 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 2.46x to 20.78x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CA$0.11 | CA$0.26 | x |
| 2020-12-31 | CA$0.24 | CA$0.26 | x |
| 2021-12-31 | CA$0.22 | CA$0.26 | x |
| 2022-12-31 | CA$0.04 | CA$0.26 | x |
| 2023-12-31 | CA$0.03 | CA$0.26 | x |
| 2024-12-31 | CA$0.01 | CA$0.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Western Gold Exploration Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -204.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.05x
- Recent ROE (-204.52%) is below the historical average (-100.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -5.16% | 0.00% | 0.00x | 1.13x | CA$-374.89K |
| 2020 | -67.72% | 0.00% | 0.00x | 1.01x | CA$-4.86 Million |
| 2021 | -7.17% | 0.00% | 0.00x | 1.01x | CA$-1.00 Million |
| 2022 | -197.92% | 0.00% | 0.00x | 1.08x | CA$-2.69 Million |
| 2023 | -117.98% | 0.00% | 0.00x | 1.03x | CA$-1.84 Million |
| 2024 | -204.52% | 0.00% | 0.00x | 1.05x | CA$-1.82 Million |
Industry Comparison
This section compares Western Gold Exploration Ltd's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $3,377,612
- Average return on equity (ROE) among peers: -64.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Western Gold Exploration Ltd (WGLD) | CA$829.81K | -5.16% | 0.01x | $2.21 Million |
| Athabasca Minerals Inc (ABM) | $15.70 Million | -17.12% | 0.23x | $3.80 Million |
| AIS Resources Ltd (AIS) | $795.46K | 10.73% | 0.02x | $1.22 Million |
| Algo Grande Copper Corp. (ALGR) | $-959.40K | 0.00% | 0.00x | $7.66 Million |
| Alliance Mining Corp (ALM) | $-1.94 Million | 0.00% | 0.00x | $1.27 Million |
| Argus Metals Corp. (AML) | $-194.53K | 0.00% | 0.00x | $311.02K |
| Antler Gold Inc (ANTL) | $843.01K | -532.08% | 0.21x | $3.41 Million |
| Apogee Minerals Ltd (APMI) | $651.09K | -41.52% | 0.03x | $995.72K |
| Awale Resources Ltd (ARIC) | $9.84 Million | -8.05% | 0.14x | $36.36 Million |
| Au Gold Corp (AUGC) | $1.73 Million | -6.53% | 0.01x | $4.47 Million |
| AUX Resources Corporation (AUX) | $7.31 Million | -49.10% | 0.03x | $11.34 Million |