FUTURE METALS NL (3R10) - Net Assets
Based on the latest financial reports, FUTURE METALS NL (3R10) has net assets worth €19.83 Million EUR (≈ $23.18 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 (€20.21 Million ≈ $23.63 Million USD) and total liabilities (€381.80K ≈ $446.36K 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. Read FUTURE METALS NL (3R10) total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €19.83 Million |
| % of Total Assets | 98.11% |
| Annual Growth Rate | -7.09% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 8.44 |
FUTURE METALS NL - Net Assets Trend (2021–2024)
This chart illustrates how FUTURE METALS NL's net assets have evolved over time, based on quarterly financial data. Also explore FUTURE METALS NL total assets for the complete picture of this company's asset base.
Annual Net Assets for FUTURE METALS NL (2021–2024)
The table below shows the annual net assets of FUTURE METALS NL from 2021 to 2024. For live valuation and market cap data, see 3R10 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | €19.83 Million ≈ $23.18 Million |
+4.95% |
| 2023-06-30 | €18.89 Million ≈ $22.09 Million |
-14.70% |
| 2022-06-30 | €22.15 Million ≈ $25.89 Million |
-10.42% |
| 2021-06-30 | €24.72 Million ≈ $28.90 Million |
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Equity Component Analysis
This analysis shows how different components contribute to FUTURE METALS NL'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 1711644700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €43.25 Million | 218.15% |
| Total Equity | €19.83 Million | 100.00% |
FUTURE METALS NL Competitors by Market Cap
The table below lists competitors of FUTURE METALS NL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Anmol India Limited
NSE:ANMOL
|
$7.29 Million |
|
Dr. Martens PLC
LSE:DOCS
|
$7.29 Million |
|
Sintex Plastics Technology Limited
NSE:SPTL
|
$7.29 Million |
|
Morgan Advanced Materials plc
LSE:MGAM
|
$7.29 Million |
|
Dhruv Consultancy Services Limited
NSE:DHRUV
|
$7.28 Million |
|
Koba Resources Ltd
AU:KOB
|
$7.28 Million |
|
UNITH LTD.
F:CM30
|
$7.27 Million |
|
Clever Group Corp
VN:ADG
|
$7.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FUTURE METALS NL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 18,890,737 to 19,826,066, a change of 935,329 (5.0%).
- Net loss of 3,940,051 reduced equity.
- Share repurchases of 266,569 reduced equity.
- New share issuances of 3,256,030 increased equity.
- Other factors increased equity by 1,885,919.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-3.94 Million | -19.87% |
| Share Repurchases | €266.57K | -1.34% |
| Share Issuances | €3.26 Million | +16.42% |
| Other Changes | €1.89 Million | +9.51% |
| Total Change | €- | 4.95% |
Book Value vs Market Value Analysis
This analysis compares FUTURE METALS NL'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: 0.19x
- 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 |
|---|---|---|---|
| 2021-06-30 | €0.07 | €0.01 | x |
| 2022-06-30 | €0.06 | €0.01 | x |
| 2023-06-30 | €0.05 | €0.01 | x |
| 2024-06-30 | €0.03 | €0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FUTURE METALS NL 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): -19.87%
- 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 (-19.87%) is above the historical average (-26.01%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -19.48% | 0.00% | 0.00x | 1.05x | €-6.53 Million |
| 2023 | -38.69% | 0.00% | 0.00x | 1.03x | €-9.20 Million |
| 2024 | -19.87% | 0.00% | 0.00x | 1.02x | €-5.92 Million |
Industry Comparison
This section compares FUTURE METALS NL'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: $6,259,332,193
- Average return on equity (ROE) among peers: -13.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FUTURE METALS NL (3R10) | €19.83 Million | -19.48% | 0.02x | $7.28 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 |
| Manhattan Corporation Limited (32U) | $13.92 Million | -5.43% | 0.01x | $6.84 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 FUTURE METALS NL
Future Metals NL engages in the exploration and development of mineral properties in Western Australia. The company explores for nickel, chromium, copper, platinum, palladium, and gold deposits. Its 100% owned Panton platinum group metals project consists of three granted mining leases covering a total area of approximately 23 square kilometers located in the East Kimberley Region of Western Aust… Read more