Pacific Nickel Mines Ltd (PNM) - Net Assets
Based on the latest financial reports, Pacific Nickel Mines Ltd (PNM) has net assets worth AU$4.41 Million AUD (≈ $3.12 Million USD) as of December 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$64.12 Million ≈ $45.37 Million USD) and total liabilities (AU$59.71 Million ≈ $42.25 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 Pacific Nickel Mines Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$4.41 Million |
| % of Total Assets | 6.87% |
| Annual Growth Rate | 4.73% |
| 5-Year Change | 435.32% |
| 10-Year Change | -64.08% |
| Growth Volatility | 177.8 |
Pacific Nickel Mines Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Pacific Nickel Mines Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Pacific Nickel Mines Ltd for the complete picture of this company's asset base.
Annual Net Assets for Pacific Nickel Mines Ltd (2002–2024)
The table below shows the annual net assets of Pacific Nickel Mines Ltd from 2002 to 2024. For live valuation and market cap data, see PNM company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | AU$3.69 Million ≈ $2.61 Million |
-81.22% |
| 2023-06-30 | AU$19.64 Million ≈ $13.89 Million |
+82.88% |
| 2022-06-30 | AU$10.74 Million ≈ $7.60 Million |
+71.46% |
| 2021-06-30 | AU$6.26 Million ≈ $4.43 Million |
+809.06% |
| 2020-06-30 | AU$688.91K ≈ $487.45K |
+14.33% |
| 2019-06-30 | AU$602.58K ≈ $426.36K |
-91.37% |
| 2018-06-30 | AU$6.99 Million ≈ $4.94 Million |
-10.57% |
| 2017-06-30 | AU$7.81 Million ≈ $5.53 Million |
-10.55% |
| 2016-06-30 | AU$8.73 Million ≈ $6.18 Million |
-14.95% |
| 2015-06-30 | AU$10.27 Million ≈ $7.27 Million |
-57.40% |
| 2014-06-30 | AU$24.10 Million ≈ $17.05 Million |
-10.06% |
| 2013-06-30 | AU$26.80 Million ≈ $18.96 Million |
-23.17% |
| 2012-06-30 | AU$34.88 Million ≈ $24.68 Million |
-3.78% |
| 2011-06-30 | AU$36.25 Million ≈ $25.65 Million |
+154.25% |
| 2010-06-30 | AU$14.26 Million ≈ $10.09 Million |
-9.85% |
| 2009-06-30 | AU$15.82 Million ≈ $11.19 Million |
-5.18% |
| 2008-06-30 | AU$16.68 Million ≈ $11.80 Million |
+56.47% |
| 2007-06-30 | AU$10.66 Million ≈ $7.54 Million |
+59.02% |
| 2006-06-30 | AU$6.70 Million ≈ $4.74 Million |
+39.76% |
| 2005-06-30 | AU$4.80 Million ≈ $3.39 Million |
-0.38% |
| 2004-06-30 | AU$4.82 Million ≈ $3.41 Million |
+19.11% |
| 2003-06-30 | AU$4.04 Million ≈ $2.86 Million |
+203.23% |
| 2002-06-30 | AU$1.33 Million ≈ $943.33K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Pacific Nickel Mines 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 7849384500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$86.10 Million | 1271.45% |
| Other Comprehensive Income | AU$1.07 Million | 15.79% |
| Other Components | AU$1.00 | 0.00% |
| Total Equity | AU$6.77 Million | 100.00% |
Pacific Nickel Mines Ltd Competitors by Market Cap
The table below lists competitors of Pacific Nickel Mines Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
James Halstead PLC
LSE:JHD
|
$7.15 Million |
|
Stuve Gold Corp
V:STUV
|
$7.15 Million |
|
Meihua International Medical Technologies Co. Ltd.
NASDAQ:MHUAF
|
$7.15 Million |
|
Chewathai Public Company Limited
BK:CHEWA
|
$7.15 Million |
|
Tyranna Resources Ltd
AU:TYX
|
$7.15 Million |
|
Wah Fu Education Group Ltd
NASDAQ:WAFU
|
$7.15 Million |
|
Canterbury Resources Ltd
AU:CBY
|
$7.14 Million |
|
Wave Entertainment Public Company Limited
BK:WAVE
|
$7.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pacific Nickel Mines Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 19,636,820 to 6,772,111, a change of -12,864,709 (-65.5%).
- Net loss of 14,368,976 reduced equity.
- Share repurchases of 453,430 reduced equity.
- New share issuances of 453,426 increased equity.
- Other comprehensive income increased equity by 1,118,202.
- Other factors increased equity by 386,069.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-14.37 Million | -212.18% |
| Share Repurchases | AU$453.43K | -6.7% |
| Share Issuances | AU$453.43K | +6.7% |
| Other Comprehensive Income | AU$1.12 Million | +16.51% |
| Other Changes | AU$386.07K | +5.7% |
| Total Change | AU$- | -65.51% |
Book Value vs Market Value Analysis
This analysis compares Pacific Nickel Mines 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: 1.47x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.00x to 1.47x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-06-30 | AU$12.51 | AU$0.02 | x |
| 2004-06-30 | AU$10.75 | AU$0.02 | x |
| 2005-06-30 | AU$9.04 | AU$0.02 | x |
| 2006-06-30 | AU$9.40 | AU$0.02 | x |
| 2007-06-30 | AU$10.82 | AU$0.02 | x |
| 2008-06-30 | AU$13.57 | AU$0.02 | x |
| 2009-06-30 | AU$10.99 | AU$0.02 | x |
| 2010-06-30 | AU$7.91 | AU$0.02 | x |
| 2011-06-30 | AU$10.51 | AU$0.02 | x |
| 2012-06-30 | AU$5.29 | AU$0.02 | x |
| 2013-06-30 | AU$3.20 | AU$0.02 | x |
| 2014-06-30 | AU$2.50 | AU$0.02 | x |
| 2015-06-30 | AU$1.01 | AU$0.02 | x |
| 2016-06-30 | AU$0.78 | AU$0.02 | x |
| 2017-06-30 | AU$0.60 | AU$0.02 | x |
| 2018-06-30 | AU$0.51 | AU$0.02 | x |
| 2019-06-30 | AU$0.00 | AU$0.02 | x |
| 2020-06-30 | AU$0.03 | AU$0.02 | x |
| 2021-06-30 | AU$0.04 | AU$0.02 | x |
| 2022-06-30 | AU$0.04 | AU$0.02 | x |
| 2023-06-30 | AU$0.06 | AU$0.02 | x |
| 2024-06-30 | AU$0.02 | AU$0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pacific Nickel Mines Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -212.18%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -121.06%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 8.51x
- Recent ROE (-212.18%) is below the historical average (-112.91%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | -9.16% | -62257.65% | 0.00x | 1.05x | AU$-774.70K |
| 2004 | -11.67% | 0.00% | 0.00x | 1.04x | AU$-1.04 Million |
| 2005 | -26.04% | -14993.83% | 0.00x | 1.07x | AU$-1.73 Million |
| 2006 | -7.72% | -3805.94% | 0.00x | 1.06x | AU$-1.19 Million |
| 2007 | -8.54% | -812.96% | 0.01x | 1.05x | AU$-1.98 Million |
| 2008 | -7.18% | -11681.04% | 0.00x | 1.09x | AU$-2.87 Million |
| 2009 | -21.69% | -1884467.03% | 0.00x | 1.01x | AU$-5.01 Million |
| 2010 | -28.88% | -566452.96% | 0.00x | 1.11x | AU$-5.54 Million |
| 2011 | -4.75% | -7036.16% | 0.00x | 1.04x | AU$-5.35 Million |
| 2012 | -13.68% | -2622682.42% | 0.00x | 1.04x | AU$-8.26 Million |
| 2013 | -37.08% | -7832.14% | 0.00x | 1.05x | AU$-12.62 Million |
| 2014 | -13.20% | -2050.34% | 0.01x | 1.08x | AU$-5.59 Million |
| 2015 | -140.21% | -76338.87% | 0.00x | 1.27x | AU$-15.42 Million |
| 2016 | -17.94% | -67662.74% | 0.00x | 1.39x | AU$-2.44 Million |
| 2017 | -17.17% | -199651.64% | 0.00x | 1.59x | AU$-2.12 Million |
| 2018 | -15.67% | -197.34% | 0.05x | 1.73x | AU$-1.79 Million |
| 2019 | -1071.51% | -33890.06% | 0.00x | 13.30x | AU$-6.52 Million |
| 2020 | -769.83% | -63689.77% | 0.00x | 4.83x | AU$-5.37 Million |
| 2021 | -38.30% | -97027.95% | 0.00x | 1.16x | AU$-3.02 Million |
| 2022 | -7.19% | -10229.17% | 0.00x | 1.09x | AU$-1.85 Million |
| 2023 | -4.35% | -5874.18% | 0.00x | 1.28x | AU$-2.82 Million |
| 2024 | -212.18% | -121.06% | 0.21x | 8.51x | AU$-15.05 Million |
Industry Comparison
This section compares Pacific Nickel Mines Ltd's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $7,107,544
- Average return on equity (ROE) among peers: -107.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pacific Nickel Mines Ltd (PNM) | AU$4.41 Million | -9.16% | 13.55x | $7.15 Million |
| Australasian Metals Ltd (A8G) | $5.85 Million | -16.53% | 0.05x | $3.19 Million |
| Ariana Resources Plc (AA2) | $21.37 Million | -1.02% | 0.03x | $59.56 Million |
| Aruma Resources Ltd (AAJ) | $4.26 Million | -76.11% | 0.14x | $5.69 Million |
| Astral Resources NL (AAR) | $11.28 Million | 49.48% | 0.09x | $197.52 Million |
| Antilles Gold Ltd (AAU) | $4.86 Million | 10.22% | 0.16x | $28.68 Million |
| Adelong Gold Ltd (ADG) | $2.90 Million | -71.05% | 0.15x | $11.32 Million |
| Ardiden Ltd (ADV) | $1.30 Million | -752.46% | 0.85x | $58.54 Million |
| Australian Gold and Copper Ltd (AGC) | $17.69 Million | -3.27% | 0.01x | $33.34 Million |
| Ark Mines Ltd (AHK) | $1.27 Million | -210.75% | 0.02x | $17.91 Million |
| Alkane Resources Ltd (ALK) | $303.00K | -0.66% | 2.68x | $1.39 Billion |
About Pacific Nickel Mines Ltd
Pacific Nickel Mines Limited engages in the mineral exploration and development business in Australia. It primarily explores for nickel deposits. The company's principal properties include the Jejevo and Kolosori nickel projects located on Santa Isabel Island. The company was formerly known as Malachite Resources Limited and changed its name to Pacific Nickel Mines Limited in November 2020. Pacif… Read more