ELEMENT 29 RESOURCES INC (2IK) - Net Assets
Based on the latest financial reports, ELEMENT 29 RESOURCES INC (2IK) has net assets worth €22.87 Million EUR (≈ $26.74 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€24.37 Million ≈ $28.49 Million USD) and total liabilities (€1.50 Million ≈ $1.75 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. See net asset quality index of ELEMENT 29 RESOURCES INC to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €22.87 Million |
| % of Total Assets | 93.86% |
| Annual Growth Rate | 7.68% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 39.2 |
ELEMENT 29 RESOURCES INC - Net Assets Trend (2021–2025)
This chart illustrates how ELEMENT 29 RESOURCES INC's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 2IK company net worth.
Annual Net Assets for ELEMENT 29 RESOURCES INC (2021–2025)
The table below shows the annual net assets of ELEMENT 29 RESOURCES INC from 2021 to 2025. Also explore 2IK net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €22.87 Million ≈ $26.74 Million |
+78.13% |
| 2024-12-31 | €12.84 Million ≈ $15.01 Million |
-18.48% |
| 2023-12-31 | €15.75 Million ≈ $18.41 Million |
+11.85% |
| 2022-12-31 | €14.08 Million ≈ $16.46 Million |
-17.22% |
| 2021-12-31 | €17.01 Million ≈ $19.89 Million |
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Equity Component Analysis
This analysis shows how different components contribute to ELEMENT 29 RESOURCES INC'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 1687803300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €45.95 Million | 200.91% |
| Total Equity | €22.87 Million | 100.00% |
ELEMENT 29 RESOURCES INC Competitors by Market Cap
The table below lists competitors of ELEMENT 29 RESOURCES INC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nordhealth AS
OL:NORDH
|
$114.34 Million |
|
Soquicom
SN:SOQUICOM
|
$114.37 Million |
|
Magyar Bancorp Inc
NASDAQ:MGYR
|
$114.47 Million |
|
M.C.S. Steel Public Company Limited
BK:MCS
|
$114.48 Million |
|
Caisse Regionale de Credit Agricole Mutuel Loire HauteLoire
PA:CRLO
|
$114.27 Million |
|
Repare Therapeutics Inc
NASDAQ:RPTX
|
$114.24 Million |
|
Vakif Finansal Kiralama AS
IS:VAKFN
|
$114.23 Million |
|
eGalax_eMPIA Technology
TWO:3556
|
$114.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ELEMENT 29 RESOURCES INC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 12,839,897 to 22,872,010, a change of 10,032,113 (78.1%).
- Net loss of 2,567,643 reduced equity.
- New share issuances of 6,324,500 increased equity.
- Other factors increased equity by 6,275,256.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-2.57 Million | -11.23% |
| Share Issuances | €6.32 Million | +27.65% |
| Other Changes | €6.28 Million | +27.44% |
| Total Change | €- | 78.13% |
Book Value vs Market Value Analysis
This analysis compares ELEMENT 29 RESOURCES INC'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: 7.48x
- 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 increased from 5.12x to 7.48x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €0.21 | €1.10 | x |
| 2022-12-31 | €0.18 | €1.10 | x |
| 2023-12-31 | €0.15 | €1.10 | x |
| 2024-12-31 | €0.11 | €1.10 | x |
| 2025-12-31 | €0.15 | €1.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ELEMENT 29 RESOURCES INC 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): -11.23%
- 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: 1.07x
- Recent ROE (-11.23%) is above the historical average (-26.68%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -17.08% | 0.00% | 0.00x | 1.05x | €-4.61 Million |
| 2022 | -37.22% | 0.00% | 0.00x | 1.03x | €-6.65 Million |
| 2023 | -12.18% | 0.00% | 0.00x | 1.01x | €-3.49 Million |
| 2024 | -55.68% | 0.00% | 0.00x | 1.04x | €-8.43 Million |
| 2025 | -11.23% | 0.00% | 0.00x | 1.07x | €-4.85 Million |
Industry Comparison
This section compares ELEMENT 29 RESOURCES INC's net assets metrics with peer companies in the Copper industry.
Industry Context
- Industry: Copper
- Average net assets among peers: $6,143,723,951
- Average return on equity (ROE) among peers: -49.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ELEMENT 29 RESOURCES INC (2IK) | €22.87 Million | -17.08% | 0.07x | $114.30 Million |
| China Nonferrous Mining Corporation Limited (3N4) | $787.47 Million | -35.54% | 1.75x | $5.07 Billion |
| QMINES LTD (81V) | $18.09 Million | -18.65% | 0.19x | $31.27 Million |
| ALMA METALS LTD. CUFS1 (BP60) | $4.70 Million | -196.72% | 0.02x | $15.40 Million |
| Atalaya Mining Ltd (E5S1) | $246.85 Million | 7.39% | 0.52x | $1.53 Billion |
| GR.SOU.COP. LS-01 (E9E) | $2.63 Million | -159.32% | 0.17x | $11.86 Million |
| Jiangxi Copper Company Limited (JIX) | $52.03 Billion | 4.70% | 0.98x | $6.03 Billion |
| COPPERCORP RESOURCES INC. (NU0) | $6.67 Million | -69.44% | 0.04x | $3.12 Million |
| MMG Limited (OMS1) | $1.82 Billion | 5.69% | 1.58x | $12.88 Billion |
| Sandfire Resources Limited (S2Z) | $383.61 Million | 12.51% | 0.46x | $5.31 Billion |
About ELEMENT 29 RESOURCES INC
Element 29 Resources Inc. engages in the exploration and development of mineral resource properties in Peru. The company explores for copper, molybdenum, gold, silver, lead, and zinc. Its flagship properties are Elida copper project that includes 29 mining concessions covering an area of approximately 19,749 hectares located in the province of Ocros; Flor de Cobre copper project comprising 11 min… Read more