Nickel X Limited
NickelX Limited, a mining exploration company, focuses on exploring nickel deposits in Western Australia. It explores for copper, cobalt, and gold. The company holds interest in the Biranup project covering an area of 342 square kilometers and six exploration licenses located in the Albany Fraser, Western Australia. In addition, it holds interest in the Dalwallinu project covering an area of 86 s… Read more
Nickel X Limited (NKL) - Net Assets
Latest net assets as of December 2023: AU$3.70 Million AUD
Based on the latest financial reports, Nickel X Limited (NKL) has net assets worth AU$3.70 Million AUD as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$3.92 Million) and total liabilities (AU$213.79K). 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$3.70 Million |
| % of Total Assets | 94.54% |
| Annual Growth Rate | 269.09% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 67.52 |
Nickel X Limited - Net Assets Trend (2018–2022)
This chart illustrates how Nickel X Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Nickel X Limited (2018–2022)
The table below shows the annual net assets of Nickel X Limited from 2018 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | AU$4.64 Million | +5.35% |
| 2021-12-31 | AU$4.40 Million | -40.72% |
| 2020-12-31 | AU$7.43 Million | +53884.54% |
| 2019-12-31 | AU$-13.81K | -155.25% |
| 2018-12-31 | AU$25.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nickel X Limited'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 794173900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$10.69 Million | 230.34% |
| Other Comprehensive Income | AU$2.01 Million | 43.38% |
| Total Equity | AU$4.64 Million | 100.00% |
Nickel X Limited Competitors by Market Cap
The table below lists competitors of Nickel X Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SYNAPTICS (SJN.SG)
STU:SJN
|
$649.14K |
|
HEINEKEN (HNK1.SG)
STU:HNK1
|
$649.15K |
|
Barratt Redrow plc
LSE:BTRW
|
$650.42K |
|
Green Stream Holdings Inc
PINK:GSFI
|
$650.80K |
|
Vastra Hamnens Restaurangdrift Ab
ST:VH
|
$647.02K |
|
Union Technologies Informatique Group S.A
PA:FPG
|
$646.24K |
|
DKSH Holding Ltd
STU:DS5
|
$645.97K |
|
FLOWSERVE
MU:FWV
|
$645.92K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nickel X Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 4,404,187 to 4,639,804, a change of 235,617 (5.3%).
- Net loss of 2,776,343 reduced equity.
- Dividend payments of 145,356 reduced retained earnings.
- Share repurchases of 145,316 reduced equity.
- New share issuances of 2,329,477 increased equity.
- Other comprehensive income increased equity by 587,277.
- Other factors increased equity by 385,878.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-2.78 Million | -59.84% |
| Dividends Paid | AU$145.36K | -3.13% |
| Share Repurchases | AU$145.32K | -3.13% |
| Share Issuances | AU$2.33 Million | +50.21% |
| Other Comprehensive Income | AU$587.28K | +12.66% |
| Other Changes | AU$385.88K | +8.32% |
| Total Change | AU$- | 5.35% |
Book Value vs Market Value Analysis
This analysis compares Nickel X Limited'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: 0.37x
- 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 57.62x to 0.37x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | AU$0.00 | AU$0.02 | x |
| 2019-12-31 | AU$0.00 | AU$0.02 | x |
| 2020-12-31 | AU$0.11 | AU$0.02 | x |
| 2021-12-31 | AU$0.06 | AU$0.02 | x |
| 2022-12-31 | AU$0.06 | AU$0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nickel X Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -59.84%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.15x
- Recent ROE (-59.84%) is above the historical average (-126.01%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -473.38% | 0.00% | 0.00x | 1.21x | AU$-120.85K |
| 2019 | 0.00% | -258.09% | 2.02x | 0.00x | AU$-63.43K |
| 2020 | -27.61% | 0.00% | 0.00x | 1.03x | AU$-2.79 Million |
| 2021 | -69.23% | 0.00% | 0.00x | 1.07x | AU$-3.49 Million |
| 2022 | -59.84% | 0.00% | 0.00x | 1.15x | AU$-3.24 Million |
Industry Comparison
This section compares Nickel X Limited'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: $2,995,611
- Average return on equity (ROE) among peers: -21.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nickel X Limited (NKL) | AU$3.70 Million | -473.38% | 0.06x | $647.41K |
| EXULTANT FPO [10X] (10X) | $5.63 Million | -1.35% | 0.01x | $1.10K |
| Morella Corporation Ltd (1MC) | $5.43 Million | -6.71% | 0.57x | $2.93 Million |
| 6K Additive Inc (6KA) | $-21.36 Million | 0.00% | 0.00x | $24.91 Million |
| Atlantic Lithium Ltd (A11) | $789.39K | -143.95% | 0.47x | $71.83 Million |
| African Gold Ltd (A1G) | $6.42 Million | -11.14% | 0.01x | $170.41 Million |
| Albright Metals Ltd (ABR) | $5.61 Million | 0.47% | 0.11x | $1.11 Million |
| Audalia Resources Ltd (ACP) | $2.12 Million | -18.55% | 0.04x | $893.85K |
| Accent Resources NL (ACS) | $4.38 Million | -14.12% | 0.03x | $211.71K |
| Acdc Metals Ltd (ADC) | $10.13 Million | -6.86% | 0.04x | $1.02 Million |
| Admiralty Resources NL (ADY) | $10.81 Million | -14.31% | 1.16x | $5.70 Million |