Manhattan Corporation Limited (32U) - Net Assets
Based on the latest financial reports, Manhattan Corporation Limited (32U) has net assets worth €12.33 Million EUR (≈ $14.41 Million USD) as of June 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€12.56 Million ≈ $14.68 Million USD) and total liabilities (€230.23K ≈ $269.16K 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 32U asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €12.33 Million |
| % of Total Assets | 98.17% |
| Annual Growth Rate | 7.51% |
| 5-Year Change | 372.91% |
| 10-Year Change | 120.45% |
| Growth Volatility | 95.39 |
Manhattan Corporation Limited - Net Assets Trend (2014–2024)
This chart illustrates how Manhattan Corporation Limited's net assets have evolved over time, based on quarterly financial data. Also explore 32U total assets for the complete picture of this company's asset base.
Annual Net Assets for Manhattan Corporation Limited (2014–2024)
The table below shows the annual net assets of Manhattan Corporation Limited from 2014 to 2024. For live valuation and market cap data, see how much is Manhattan Corporation Limited worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | €12.33 Million ≈ $14.41 Million |
-11.42% |
| 2023-06-30 | €13.92 Million ≈ $16.27 Million |
+85.37% |
| 2022-06-30 | €7.51 Million ≈ $8.78 Million |
-6.66% |
| 2021-06-30 | €8.04 Million ≈ $9.40 Million |
+208.55% |
| 2020-06-30 | €2.61 Million ≈ $3.05 Million |
+157.28% |
| 2019-06-30 | €1.01 Million ≈ $1.18 Million |
+395.68% |
| 2018-06-30 | €-342.70K ≈ $-400.65K |
-110.98% |
| 2017-06-30 | €3.12 Million ≈ $3.65 Million |
-46.01% |
| 2016-06-30 | €5.78 Million ≈ $6.76 Million |
+3.37% |
| 2015-06-30 | €5.59 Million ≈ $6.54 Million |
-6.40% |
| 2014-06-30 | €5.98 Million ≈ $6.99 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Manhattan Corporation 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 1288161200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €40.79 Million | 330.67% |
| Total Equity | €12.34 Million | 100.00% |
Manhattan Corporation Limited Competitors by Market Cap
The table below lists competitors of Manhattan Corporation Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Apptech Corp
NASDAQ:APCX
|
$6.85 Million |
|
Credit Intelligence Ltd
AU:CI1
|
$6.85 Million |
|
KESSELRUN RESOURCES LTD
F:CMG
|
$6.86 Million |
|
Pool Advista Indonesia Tbk
JK:POOL
|
$6.86 Million |
|
Enova Mining Ltd
AU:ENV
|
$6.84 Million |
|
Newcap Holding A/S
CO:NEWCAP
|
$6.83 Million |
|
Paulic Meunerie Sa
PA:ALPAU
|
$6.83 Million |
|
Gibb River Diamonds Ltd
AU:GIB
|
$6.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Manhattan Corporation Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,917,790 to 12,335,547, a change of -1,582,243 (-11.4%).
- Net loss of 1,628,885 reduced equity.
- New share issuances of 7,011 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-1.63 Million | -13.2% |
| Share Issuances | €7.01K | +0.06% |
| Other Changes | €39.63K | +0.32% |
| Total Change | €- | -11.37% |
Book Value vs Market Value Analysis
This analysis compares Manhattan Corporation 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: 0.15x
- 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 0.47x to 0.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | €0.02 | €0.01 | x |
| 2018-06-30 | €0.00 | €0.01 | x |
| 2019-06-30 | €0.00 | €0.01 | x |
| 2020-06-30 | €0.00 | €0.01 | x |
| 2021-06-30 | €0.01 | €0.01 | x |
| 2022-06-30 | €0.00 | €0.01 | x |
| 2023-06-30 | €0.00 | €0.01 | x |
| 2024-06-30 | €0.07 | €0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Manhattan Corporation 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): -13.20%
- 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: 1.02x
- Recent ROE (-13.20%) is above the historical average (-34.05%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -71.52% | -17976.74% | 0.00x | 1.00x | €-4.87 Million |
| 2015 | -10.46% | -6130.25% | 0.00x | 1.01x | €-1.14 Million |
| 2016 | -7.05% | 0.00% | 0.00x | 1.01x | €-985.64K |
| 2017 | -89.70% | 0.00% | 0.00x | 1.02x | €-3.11 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | €-3.56 Million |
| 2019 | -142.21% | -26844.47% | 0.01x | 1.02x | €-1.54 Million |
| 2020 | -20.36% | 0.00% | 0.00x | 1.03x | €-791.47K |
| 2021 | -7.45% | 0.00% | 0.00x | 1.01x | €-1.40 Million |
| 2022 | -7.14% | 0.00% | 0.00x | 1.04x | €-1.29 Million |
| 2023 | -5.43% | 0.00% | 0.00x | 1.01x | €-2.15 Million |
| 2024 | -13.20% | 0.00% | 0.00x | 1.02x | €-2.86 Million |
Industry Comparison
This section compares Manhattan Corporation Limited's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $6,260,246,359
- Average return on equity (ROE) among peers: -14.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Manhattan Corporation Limited (32U) | €12.33 Million | -71.52% | 0.02x | $6.84 Million |
| China Silver Group Limited (2CS) | $3.35 Billion | 4.45% | 0.20x | $156.19 Million |
| FORTE MINERALS CORP. (2OA) | $1.21 Million | -42.42% | 0.16x | $57.96 Million |
| FUTURE METALS NL (3R10) | $22.15 Million | -19.48% | 0.05x | $7.28 Million |
| Sibanye Stillwater Limited (47VS) | $51.61 Billion | -73.19% | 1.77x | $7.90 Billion |
| Gemfields Group Limited (5PH) | $523.49 Million | -1.93% | 0.33x | $74.14 Million |
| INFLECTION RESOURCES LTD. (5VJ) | $12.15 Million | -8.69% | 0.02x | $15.15 Million |
| Hammer Metals Limited (6HM) | $33.37 Million | -8.76% | 0.03x | $16.70 Million |
| ADYTON RESOURCES CORP. (701) | $14.98 Million | 5.60% | 0.05x | $65.09 Million |
| THARISA NON LIST. DL-001 (7YZ) | $779.58 Million | 10.63% | 0.55x | $385.14 Million |
About Manhattan Corporation Limited
Manhattan Corporation Limited engages in the exploration, development, and evaluation of mineral projects in Australia. It explores for gold, lithium, and uranium deposits. The company's flagship project is the Tibooburra gold project, which consists of 15 granted exploration licenses covering an area of approximately 2,200 square kilometers located north of Broken Hill in New South Wales. Manhat… Read more