Agrimin Limited
Agrimin Limited primarily engages in the exploration and development of potash projects in Western Australia. The company focuses on the production of sulphate of potash. It holds a 100% interest in the Mackay Potash project, comprising nine granted exploration licenses, covering approximately 3,000 square kilometers located in Western Australia. The company was formerly known as Global Resources… Read more
Agrimin Limited (3CL) - Net Assets
Latest net assets as of June 2024: €82.11 Million EUR
Based on the latest financial reports, Agrimin Limited (3CL) has net assets worth €82.11 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 (€95.51 Million) and total liabilities (€13.40 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 | €82.11 Million |
| % of Total Assets | 85.97% |
| Annual Growth Rate | 50.05% |
| 5-Year Change | 128.53% |
| 10-Year Change | 2256.38% |
| Growth Volatility | 63.49 |
Agrimin Limited - Net Assets Trend (2014–2024)
This chart illustrates how Agrimin Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Agrimin Limited (2014–2024)
The table below shows the annual net assets of Agrimin Limited from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | €82.11 Million | +26.97% |
| 2023-06-30 | €64.67 Million | +39.26% |
| 2022-06-30 | €46.44 Million | +18.58% |
| 2021-06-30 | €39.16 Million | +9.00% |
| 2020-06-30 | €35.93 Million | +35.75% |
| 2019-06-30 | €26.47 Million | +53.41% |
| 2018-06-30 | €17.25 Million | -5.71% |
| 2017-06-30 | €18.30 Million | +208.53% |
| 2016-06-30 | €5.93 Million | +70.19% |
| 2015-06-30 | €3.48 Million | +145.75% |
| 2014-06-30 | €1.42 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Agrimin 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 1918867100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €117.18 Million | 142.71% |
| Total Equity | €82.11 Million | 100.00% |
Agrimin Limited Competitors by Market Cap
The table below lists competitors of Agrimin Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LORDS CHLORO ALKALI ORD T (BSE)
NSE:LORDSCHLO
|
$11.03 Million |
|
BROADPEAK S.A. EO -02
F:J73
|
$11.04 Million |
|
Est Global Apparel Co.Ltd
TWO:4413
|
$11.04 Million |
|
Legend Power Systems Inc
OTCQB:LPSIF
|
$11.04 Million |
|
Key Energy Services Inc
PINK:KEGX
|
$11.02 Million |
|
TRANSTEMA GROUP AB O.N.
F:9G8
|
$11.02 Million |
|
IKTINOS HELLAS NA EO 010
F:F40
|
$11.02 Million |
|
Berkah Prima Perkasa Tbk PT
JK:BLUE
|
$11.01 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Agrimin Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 64,653,557 to 82,109,687, a change of 17,456,130 (27.0%).
- Net loss of 5,331,784 reduced equity.
- Share repurchases of 453,731 reduced equity.
- New share issuances of 7,275,406 increased equity.
- Other factors increased equity by 15,966,239.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-5.33 Million | -6.49% |
| Share Repurchases | €453.73K | -0.55% |
| Share Issuances | €7.28 Million | +8.86% |
| Other Changes | €15.97 Million | +19.45% |
| Total Change | €- | 27.00% |
Book Value vs Market Value Analysis
This analysis compares Agrimin 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: 0.18x
- 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 0.37x to 0.18x 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 | €0.12 | €0.04 | x |
| 2018-06-30 | €0.11 | €0.04 | x |
| 2019-06-30 | €0.15 | €0.04 | x |
| 2020-06-30 | €0.18 | €0.04 | x |
| 2021-06-30 | €0.15 | €0.04 | x |
| 2022-06-30 | €0.16 | €0.04 | x |
| 2023-06-30 | €0.22 | €0.04 | x |
| 2024-06-30 | €0.24 | €0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Agrimin 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): -6.49%
- 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: 1.16x
- Recent ROE (-6.49%) is above the historical average (-11.13%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -26.00% | -2026.68% | 0.01x | 1.27x | €-510.45K |
| 2015 | -34.06% | -2864.49% | 0.01x | 1.01x | €-1.54 Million |
| 2016 | -16.31% | 0.00% | 0.00x | 1.03x | €-1.56 Million |
| 2017 | -4.93% | 0.00% | 0.00x | 1.04x | €-2.73 Million |
| 2018 | -6.91% | 0.00% | 0.00x | 1.12x | €-2.92 Million |
| 2019 | -6.78% | 0.00% | 0.00x | 1.12x | €-4.44 Million |
| 2020 | -5.09% | 0.00% | 0.00x | 1.10x | €-5.32 Million |
| 2021 | -12.80% | 0.00% | 0.00x | 1.07x | €-8.93 Million |
| 2022 | -2.95% | 0.00% | 0.00x | 1.06x | €-6.02 Million |
| 2023 | -0.07% | 0.00% | 0.00x | 1.03x | €-6.51 Million |
| 2024 | -6.49% | 0.00% | 0.00x | 1.16x | €-13.54 Million |
Industry Comparison
This section compares Agrimin Limited'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: $553,360,210
- Average return on equity (ROE) among peers: -375.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Agrimin Limited (3CL) | €82.11 Million | -26.00% | 0.16x | $11.03 Million |
| 14S0 (14S0) | $2.71 Million | -209.91% | 0.28x | $2.68 Million |
| 23B (23B) | $5.94 Million | -17.66% | 0.30x | $2.00 Million |
| 2P30 (2P30) | $1.04 Million | -34.54% | 0.07x | $9.46 Million |
| Xinjiang Xinxin Mining Industry Co. Ltd (33X1) | $4.95 Billion | 10.42% | 0.49x | $175.41 Million |
| Copper Quest Exploration Inc. (3MX0) | $116.66K | -2987.81% | 5.03x | $4.68 Million |
| LibertyStream Infrastructure Partners Inc. (3ZM) | $6.76 Million | -80.67% | 0.09x | $93.18 Million |
| Arkle Resources PLC (48O) | $3.26 Million | -9.62% | 0.07x | $4.79 Million |
| Marula Mining PLC (48U0) | $-154.97K | 0.00% | 0.00x | $3.45 Million |
| Anglesey Mining plc (4A0) | $14.13 Million | -50.76% | 0.18x | $87.09K |