Kore Potash Plc
Kore Potash plc, together with its subsidiaries, engages in the exploration and development of potash minerals in the Republic of Congo. It holds 97% interest in the Sintoukola Potash project that includes the Kola sylvinite and carnallite deposits, as well as DX sylvinite and Dougou carnallite deposits located in the north of the city of Pointe Noire. Kore Potash plc was incorporated in 2017 and… Read more
Kore Potash Plc (KP2) - Net Assets
Latest net assets as of June 2025: AU$197.47 Million AUD
Based on the latest financial reports, Kore Potash Plc (KP2) has net assets worth AU$197.47 Million AUD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$200.21 Million) and total liabilities (AU$2.74 Million). 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 | AU$197.47 Million |
| % of Total Assets | 98.63% |
| Annual Growth Rate | 32.11% |
| 5-Year Change | -5.83% |
| 10-Year Change | 20.47% |
| Growth Volatility | 21808.98 |
Kore Potash Plc - Net Assets Trend (2004–2024)
This chart illustrates how Kore Potash Plc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Kore Potash Plc (2004–2024)
The table below shows the annual net assets of Kore Potash Plc from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$167.30 Million | -4.45% |
| 2023-12-31 | AU$175.09 Million | +4.44% |
| 2022-12-31 | AU$167.65 Million | -5.51% |
| 2021-12-31 | AU$177.42 Million | -0.14% |
| 2020-12-31 | AU$177.66 Million | -43.82% |
| 2019-12-31 | AU$316.24 Million | +104.53% |
| 2018-12-31 | AU$154.61 Million | +0.21% |
| 2017-12-31 | AU$154.29 Million | +33.23% |
| 2017-06-30 | AU$115.80 Million | -16.61% |
| 2016-12-31 | AU$138.88 Million | +44.05% |
| 2015-12-31 | AU$96.41 Million | -7.49% |
| 2014-12-31 | AU$104.21 Million | -3.07% |
| 2013-12-31 | AU$107.51 Million | +102580.56% |
| 2012-12-31 | AU$104.71K | -99.88% |
| 2011-12-31 | AU$91.02 Million | +173.19% |
| 2010-12-31 | AU$33.32 Million | +86.93% |
| 2009-12-31 | AU$17.82 Million | +4470.00% |
| 2008-12-31 | AU$390.00K | -90.38% |
| 2007-12-31 | AU$4.06 Million | -56.49% |
| 2006-12-31 | AU$9.32 Million | +78.31% |
| 2005-12-31 | AU$5.23 Million | +719.44% |
| 2004-12-31 | AU$638.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kore Potash Plc'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 833051.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$4.38 Million | 2.61% |
| Other Comprehensive Income | AU$171.94 Million | 102.43% |
| Other Components | AU$49.86 Million | 29.70% |
| Total Equity | AU$167.87 Million | 100.00% |
Kore Potash Plc Competitors by Market Cap
The table below lists competitors of Kore Potash Plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Top Bright Holding Co Ltd
TW:8499
|
$79.06 Million |
|
Sutro Biopharma
NASDAQ:STRO
|
$79.09 Million |
|
aTyr Pharma, Inc.
NASDAQ:ATYR
|
$79.12 Million |
|
Kenilworth Systems C
PINK:KENS
|
$79.13 Million |
|
American Lithium Corp. Common Stock
NASDAQ:AMLI
|
$79.01 Million |
|
Kerevitas Gida Sanayi ve Ticaret AS
IS:KERVT
|
$79.01 Million |
|
Tenax Therapeutics Inc
NASDAQ:TENX
|
$78.98 Million |
|
Amway (Malaysia) Holdings Bhd
KLSE:6351
|
$78.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kore Potash Plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 175,653,000 to 167,868,406, a change of -7,784,594 (-4.4%).
- Net loss of 1,146,179 reduced equity.
- New share issuances of 2,854,918 increased equity.
- Other comprehensive income decreased equity by 9,984,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-1.15 Million | -0.68% |
| Share Issuances | AU$2.85 Million | +1.7% |
| Other Comprehensive Income | AU$-9.98 Million | -5.95% |
| Other Changes | AU$490.67K | +0.29% |
| Total Change | AU$- | -4.43% |
Book Value vs Market Value Analysis
This analysis compares Kore Potash Plc'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: 0.02x
- 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 0.15x to 0.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | AU$0.43 | AU$0.06 | x |
| 2013-12-31 | AU$36.66 | AU$0.06 | x |
| 2014-12-31 | AU$12.13 | AU$0.06 | x |
| 2015-12-31 | AU$22.69 | AU$0.06 | x |
| 2016-12-31 | AU$29.80 | AU$0.06 | x |
| 2017-12-31 | AU$17.96 | AU$0.06 | x |
| 2018-12-31 | AU$18.50 | AU$0.06 | x |
| 2019-12-31 | AU$13.95 | AU$0.06 | x |
| 2020-12-31 | AU$5.63 | AU$0.06 | x |
| 2021-12-31 | AU$4.25 | AU$0.06 | x |
| 2022-12-31 | AU$2.22 | AU$0.06 | x |
| 2023-12-31 | AU$4.96 | AU$0.06 | x |
| 2024-12-31 | AU$3.94 | AU$0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kore Potash Plc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -0.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.02x
- Recent ROE (-0.68%) is above the historical average (-2.85%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 1.10% | 5.43% | 0.19x | 1.04x | AU$-56.80K |
| 2012 | -10.19% | 0.00% | 0.00x | 1.04x | AU$-21.14K |
| 2013 | -7.15% | 0.00% | 0.00x | 1.00x | AU$-18.43 Million |
| 2014 | -3.35% | 0.00% | 0.00x | 1.00x | AU$-13.91 Million |
| 2015 | -2.75% | -14444.39% | 0.00x | 1.00x | AU$-12.29 Million |
| 2016 | -3.07% | -20332.53% | 0.00x | 1.00x | AU$-18.15 Million |
| 2017 | -2.82% | -8541.73% | 0.00x | 1.02x | AU$-19.77 Million |
| 2018 | -4.03% | -8576.50% | 0.00x | 1.01x | AU$-21.77 Million |
| 2019 | -2.59% | -2.49% | 0.23x | 4.47x | AU$-20.43 Million |
| 2020 | -1.76% | -1.47% | 1.20x | 1.00x | AU$-20.96 Million |
| 2021 | -1.09% | -13196.44% | 0.00x | 1.00x | AU$-19.74 Million |
| 2022 | -0.90% | -2260.79% | 0.00x | 1.00x | AU$-18.34 Million |
| 2023 | -0.62% | -0.74% | 0.83x | 1.02x | AU$-18.66 Million |
| 2024 | -0.68% | 0.00% | 0.00x | 1.02x | AU$-17.93 Million |
Industry Comparison
This section compares Kore Potash Plc'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: $6,920,753
- Average return on equity (ROE) among peers: -17.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kore Potash Plc (KP2) | AU$197.47 Million | 1.10% | 0.01x | $79.05 Million |
| EXULTANT FPO [10X] (10X) | $5.63 Million | -1.35% | 0.01x | $1.08K |
| Morella Corporation Ltd (1MC) | $58.71 Million | -1.67% | 0.49x | $2.56 Million |
| 6K Additive Inc (6KA) | $-42.72 Million | 0.00% | 0.00x | $23.87 Million |
| Atlantic Lithium Ltd (A11) | $11.43 Million | -45.74% | 0.08x | $87.02 Million |
| African Gold Ltd (A1G) | $11.08 Million | -18.17% | 0.05x | $157.51 Million |
| Albright Metals Ltd (ABR) | $5.61 Million | -13.29% | 0.05x | $1.27 Million |
| Audalia Resources Ltd (ACP) | $-457.00K | 0.00% | 0.00x | $893.85K |
| Accent Resources NL (ACS) | $3.38 Million | -90.68% | 4.41x | $211.71K |
| Acdc Metals Ltd (ADC) | $10.13 Million | -6.86% | 0.04x | $959.07K |
| Admiralty Resources NL (ADY) | $6.41 Million | 0.00% | 0.06x | $5.70 Million |