NEW MILLENNIUM IRON
NEW MILLENNIUM IRON operates in Diversified Metals & Mining.
NEW MILLENNIUM IRON (36N) - Net Assets
Latest net assets as of June 2024: €51.90 Million EUR
Based on the latest financial reports, NEW MILLENNIUM IRON (36N) has net assets worth €51.90 Million EUR as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€59.23 Million) and total liabilities (€7.33 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 | €51.90 Million |
| % of Total Assets | 87.62% |
| Annual Growth Rate | -26.33% |
| 5-Year Change | -58.16% |
| 10-Year Change | N/A |
| Growth Volatility | 55.02 |
NEW MILLENNIUM IRON - Net Assets Trend (2016–2022)
This chart illustrates how NEW MILLENNIUM IRON's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for NEW MILLENNIUM IRON (2016–2022)
The table below shows the annual net assets of NEW MILLENNIUM IRON from 2016 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | €10.80 Million | -61.34% |
| 2021-12-31 | €27.94 Million | +102.52% |
| 2020-12-31 | €13.80 Million | -19.38% |
| 2019-12-31 | €17.11 Million | -33.72% |
| 2018-12-31 | €25.82 Million | -9.63% |
| 2017-12-31 | €28.57 Million | -57.72% |
| 2016-12-31 | €67.57 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to NEW MILLENNIUM IRON'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 grown by 7571037500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €71.74 Million | 486.06% |
| Total Equity | €14.76 Million | 100.00% |
NEW MILLENNIUM IRON Competitors by Market Cap
The table below lists competitors of NEW MILLENNIUM IRON ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Doosan Engine Co. Ltd.
KQ:082740
|
$326.98K |
|
PAPA JOHNS INTL
MU:PP1
|
$328.02K |
|
UBEW
BATS:UBEW
|
$328.52K |
|
Godolphin Resources Limited
PINK:GDPHF
|
$328.65K |
|
LogicMark Inc
NASDAQ:LGMK
|
$326.25K |
|
D/S NORDEN
BE:D69
|
$326.21K |
|
MICRONIC MYDATA
BE:MLT
|
$326.17K |
|
BLUEBIRD MERCH.VENT. LTD.
F:09D
|
$326.06K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NEW MILLENNIUM IRON's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 30,637,323 to 14,758,909, a change of -15,878,414 (-51.8%).
- Net loss of 17,025,702 reduced equity.
- Other factors increased equity by 1,147,288.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-17.03 Million | -115.36% |
| Other Changes | €1.15 Million | +7.77% |
| Total Change | €- | -51.83% |
Book Value vs Market Value Analysis
This analysis compares NEW MILLENNIUM IRON'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: 52.93x
- 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 decreased from 120.52x to 52.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | €0.27 | €32.00 | x |
| 2020-12-31 | €0.73 | €32.00 | x |
| 2021-12-31 | €1.29 | €32.00 | x |
| 2022-12-31 | €0.60 | €32.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NEW MILLENNIUM IRON 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): -115.36%
- 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: 0.95x
- Recent ROE (-115.36%) is below the historical average (-55.90%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -8.28% | -1617.30% | 0.00x | 1.04x | €-12.31 Million |
| 2017 | -137.65% | 0.00% | 0.00x | 1.09x | €-41.83 Million |
| 2018 | 1.17% | 0.00% | 0.00x | 1.05x | €-2.26 Million |
| 2019 | -31.76% | 0.00% | 0.00x | 1.07x | €-7.05 Million |
| 2020 | -60.46% | 0.00% | 0.00x | 1.10x | €-10.93 Million |
| 2021 | -38.94% | 0.00% | 0.00x | 0.96x | €-14.99 Million |
| 2022 | -115.36% | 0.00% | 0.00x | 0.95x | €-18.50 Million |
Industry Comparison
This section compares NEW MILLENNIUM IRON's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $114,212,818,724
- Average return on equity (ROE) among peers: -9.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NEW MILLENNIUM IRON (36N) | €51.90 Million | -8.28% | 0.14x | $326.30K |
| HORIBA (01H) | $204.49 Billion | 10.42% | 0.82x | $989.01K |
| Tokyu Corporation (01T) | $779.37 Billion | 3.34% | 2.35x | $99.73K |
| GUANGZHOU AUTO -H- (02G) | $122.28 Billion | 6.59% | 0.55x | $4.05K |
| MOSAIC (02M) | $10.60 Billion | 4.43% | 0.90x | $280.83K |
| MOSAIC (02M.SG) (02M) | $9.56 Billion | 10.46% | 0.82x | $247.21K |
| CHINA JO-JO DRGSTRS (04CN.SG) (04CN) | $16.67 Million | -126.83% | 4.46x | $1.55 Million |
| KRAKATAU STEEL -B- (07K) | $552.59 Million | 3.52% | 4.72x | $166.99 |
| CN MODERN DAIRY (07M) | $7.12 Billion | -10.42% | 1.50x | $1.68K |
| TOURMALINE OIL (08T) | $7.22 Billion | 4.81% | 0.41x | $381.02K |
| ASIA CASSAVA RESOUR (0ACS) | $913.15 Million | 2.86% | 1.55x | $325.03 |