Summit Minerals Ltd
Summit Minerals Limited, together with its subsidiaries, engages in the acquisition, exploration, and development of battery and critical mineral projects in Brazil, Canada, and Australia. The company explores for niobium, tantalum, rare earth elements, uranium, and lithium pegmatite deposits. Its flagship projects are the Equador Niobium Project and the Juazerinho Niobium Project, located in the… Read more
Summit Minerals Ltd (SUM) - Net Assets
Latest net assets as of June 2025: AU$11.65 Million AUD
Based on the latest financial reports, Summit Minerals Ltd (SUM) has net assets worth AU$11.65 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$11.78 Million) and total liabilities (AU$133.07K). 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$11.65 Million |
| % of Total Assets | 98.87% |
| Annual Growth Rate | 24.39% |
| 5-Year Change | N/A |
| 10-Year Change | -60.47% |
| Growth Volatility | 733.9 |
Summit Minerals Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Summit Minerals 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 Summit Minerals Ltd (2006–2024)
The table below shows the annual net assets of Summit Minerals Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$11.65 Million | -11.39% |
| 2023-12-31 | AU$13.14 Million | +128.68% |
| 2022-12-31 | AU$5.75 Million | +3293.43% |
| 2021-12-31 | AU$-179.95K | +99.30% |
| 2017-12-31 | AU$-25.55 Million | -7.05% |
| 2016-12-31 | AU$-23.87 Million | -391.32% |
| 2015-12-31 | AU$8.19 Million | -81.67% |
| 2014-12-31 | AU$44.70 Million | +23.84% |
| 2013-12-31 | AU$36.09 Million | +22.52% |
| 2012-12-31 | AU$29.46 Million | +94.41% |
| 2011-12-31 | AU$15.15 Million | -2.22% |
| 2010-12-31 | AU$15.50 Million | +38.86% |
| 2009-12-31 | AU$11.16 Million | +124.03% |
| 2008-12-31 | AU$4.98 Million | -19.62% |
| 2007-12-31 | AU$6.20 Million | +2606.55% |
| 2006-12-31 | AU$229.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Summit Minerals 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 1164178000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$15.26 Million | 131.03% |
| Other Comprehensive Income | AU$8.03 Million | 68.94% |
| Total Equity | AU$11.65 Million | 100.00% |
Summit Minerals Ltd Competitors by Market Cap
The table below lists competitors of Summit Minerals Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
iSign Media Solutions Inc
V:ISD
|
$1.62 Million |
|
Sparton Resources Inc
PINK:SPNRF
|
$1.62 Million |
|
DEFSEC Technologies Inc.
NASDAQ:DFSC
|
$1.62 Million |
|
Carmel Corp Ltd.
TA:CRML
|
$1.62 Million |
|
Vnsteel Vicasa JSC
VN:VCA
|
$1.62 Million |
|
EdgeMode Inc.
PINK:EDGM
|
$1.61 Million |
|
PT Rohartindo Nusantara Luas T
JK:TOOL
|
$1.61 Million |
|
China Pharma Holdings Inc
NYSE MKT:CPHI
|
$1.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Summit Minerals Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,141,370 to 11,645,141, a change of -1,496,229 (-11.4%).
- Net loss of 4,903,449 reduced equity.
- Share repurchases of 2,251,000 reduced equity.
- Other comprehensive income increased equity by 226,837.
- Other factors increased equity by 5,431,383.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-4.90 Million | -42.11% |
| Share Repurchases | AU$2.25 Million | -19.33% |
| Other Comprehensive Income | AU$226.84K | +1.95% |
| Other Changes | AU$5.43 Million | +46.64% |
| Total Change | AU$- | -11.39% |
Book Value vs Market Value Analysis
This analysis compares Summit Minerals 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: 0.29x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | AU$-0.01 | AU$0.04 | x |
| 2022-12-31 | AU$0.18 | AU$0.04 | x |
| 2023-12-31 | AU$0.24 | AU$0.04 | x |
| 2024-12-31 | AU$0.14 | AU$0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Summit Minerals Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -42.11%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5021.92%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.01x
- Recent ROE (-42.11%) is above the historical average (-78.86%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -52.29% | 0.00% | 0.00x | 1.34x | AU$-22.48 Million |
| 2014 | -9.71% | 0.00% | 0.00x | 2.07x | AU$-8.81 Million |
| 2015 | -552.23% | 0.00% | 0.00x | 8.47x | AU$-46.07 Million |
| 2016 | 0.00% | -85.72% | 0.54x | 0.00x | AU$-26.43 Million |
| 2017 | 0.00% | -79.33% | 0.61x | 0.00x | AU$-23.27 Million |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-1.62 Million |
| 2022 | -16.70% | -1447.99% | 0.01x | 1.06x | AU$-1.53 Million |
| 2023 | -36.71% | -1152.92% | 0.03x | 1.02x | AU$-6.14 Million |
| 2024 | -42.11% | -5021.92% | 0.01x | 1.01x | AU$-6.07 Million |
Industry Comparison
This section compares Summit Minerals Ltd'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 |
|---|---|---|---|---|
| Summit Minerals Ltd (SUM) | AU$11.65 Million | -52.29% | 0.01x | $1.62 Million |
| 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 |