Metro Mining Limited (6ME) - Net Assets
Based on the latest financial reports, Metro Mining Limited (6ME) has net assets worth €40.60 Million EUR (≈ $47.47 Million USD) as of December 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€243.21 Million ≈ $284.33 Million USD) and total liabilities (€202.60 Million ≈ $236.86 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. Check 6ME asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €40.60 Million |
| % of Total Assets | 16.7% |
| Annual Growth Rate | 8.1% |
| 5-Year Change | -66.97% |
| 10-Year Change | 147.12% |
| Growth Volatility | 144.6 |
Metro Mining Limited - Net Assets Trend (2013–2024)
This chart illustrates how Metro Mining Limited's net assets have evolved over time, based on quarterly financial data. Also explore 6ME total assets for the complete picture of this company's asset base.
Annual Net Assets for Metro Mining Limited (2013–2024)
The table below shows the annual net assets of Metro Mining Limited from 2013 to 2024. For live valuation and market cap data, see Metro Mining Limited (6ME) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €40.60 Million ≈ $47.47 Million |
+307.96% |
| 2023-12-31 | €9.95 Million ≈ $11.64 Million |
-47.45% |
| 2022-12-31 | €18.94 Million ≈ $22.14 Million |
-54.90% |
| 2021-12-31 | €41.99 Million ≈ $49.09 Million |
-65.84% |
| 2020-12-31 | €122.92 Million ≈ $143.70 Million |
-8.33% |
| 2019-12-31 | €134.08 Million ≈ $156.75 Million |
+3.54% |
| 2018-12-31 | €129.50 Million ≈ $151.39 Million |
+8.88% |
| 2017-12-31 | €118.94 Million ≈ $139.05 Million |
+47.24% |
| 2016-12-31 | €80.78 Million ≈ $94.44 Million |
+391.62% |
| 2015-12-31 | €16.43 Million ≈ $19.21 Million |
+12.66% |
| 2014-12-31 | €14.59 Million ≈ $17.05 Million |
-15.35% |
| 2013-12-31 | €17.23 Million ≈ $20.14 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Metro Mining 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 22038202900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €295.07 Million | 726.71% |
| Total Equity | €40.60 Million | 100.00% |
Metro Mining Limited Competitors by Market Cap
The table below lists competitors of Metro Mining Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Humedix Co Ltd
KQ:200670
|
$246.43 Million |
|
Kogan.com Ltd
AU:KGN
|
$246.49 Million |
|
Profound Medical Corp
TO:PRN
|
$246.52 Million |
|
SIM Acquisition Corp. I Class A Ordinary Shares
NASDAQ:SIMA
|
$246.56 Million |
|
Luca Mining Corp.
V:LUCA
|
$246.28 Million |
|
CERRO DE PASCO RES
F:N8HP
|
$246.28 Million |
|
Shandong Longertek Technology Co Ltd
SHE:300594
|
$246.02 Million |
|
CMC Corp
VN:CMG
|
$246.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Metro Mining Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,953,000 to 40,604,000, a change of 30,651,000 (308.0%).
- Net loss of 22,001,000 reduced equity.
- Share repurchases of 2,599,000 reduced equity.
- New share issuances of 53,606,000 increased equity.
- Other factors increased equity by 1,645,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-22.00 Million | -54.18% |
| Share Repurchases | €2.60 Million | -6.4% |
| Share Issuances | €53.61 Million | +132.02% |
| Other Changes | €1.65 Million | +4.05% |
| Total Change | €- | 307.96% |
Book Value vs Market Value Analysis
This analysis compares Metro Mining 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: 103.48x
- 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 8.60x to 103.48x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | €0.08 | €0.69 | x |
| 2017-12-31 | €0.09 | €0.69 | x |
| 2019-12-31 | €0.10 | €0.69 | x |
| 2020-12-31 | €0.09 | €0.69 | x |
| 2021-12-31 | €0.01 | €0.69 | x |
| 2022-12-31 | €0.00 | €0.69 | x |
| 2023-12-31 | €0.00 | €0.69 | x |
| 2024-12-31 | €0.01 | €0.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Metro Mining 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): -54.18%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.16%
- • Asset Turnover: 1.26x
- • Equity Multiplier: 5.99x
- Recent ROE (-54.18%) is above the historical average (-73.75%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -93.49% | -3543.20% | 0.02x | 1.06x | €-17.23 Million |
| 2014 | -17.06% | -1090.51% | 0.01x | 1.05x | €-3.95 Million |
| 2015 | -41.59% | 0.00% | 0.00x | 1.07x | €-8.48 Million |
| 2016 | -2.94% | 0.00% | 0.00x | 1.27x | €-10.45 Million |
| 2017 | -14.61% | -68.68% | 0.14x | 1.55x | €-29.27 Million |
| 2018 | -3.42% | -3.74% | 0.59x | 1.55x | €-17.38 Million |
| 2019 | 2.70% | 1.82% | 0.91x | 1.62x | €-9.79 Million |
| 2020 | -9.05% | -8.67% | 0.63x | 1.64x | €-23.42 Million |
| 2021 | -251.23% | -65.88% | 1.05x | 3.63x | €-109.70 Million |
| 2022 | -264.65% | -28.18% | 1.37x | 6.84x | €-52.02 Million |
| 2023 | -135.46% | -5.72% | 1.40x | 16.98x | €-14.48 Million |
| 2024 | -54.18% | -7.16% | 1.26x | 5.99x | €-26.06 Million |
Industry Comparison
This section compares Metro Mining 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: $11,918,307
- Average return on equity (ROE) among peers: -92.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Metro Mining Limited (6ME) | €40.60 Million | -93.49% | 4.99x | $246.37 Million |
| Scandium International Mining Corp (0E6) | $901.89K | -328.32% | 0.16x | $17.79 Million |
| Asiamet Resources Ltd (0FK) | $2.57 Million | -281.87% | 0.47x | $27.77 Million |
| Global Li-Ion Graphite Corp (0TD) | $2.41 Million | -62.75% | 0.22x | $211.57K |
| Benz Mining Corp (1VU) | $1.23 Million | -52.21% | 0.03x | $221.87 Million |
| Pacific Empire Minerals Corp (1YK) | $938.41K | -109.89% | 0.05x | $6.64 Million |
| PURANIUM ENERGY LTD. (2DK) | $-109.30K | 0.00% | 0.00x | $469.66K |
| TROUBADOUR RESOURCES INC. (2QD0) | $1.46 Million | -17.32% | 0.25x | $1.14 Million |
| GOLCAP RESOURCES CORP (2SO0) | $-2.39K | 0.00% | 0.00x | $2.27 Million |
| CDN Maverick Capital Corp. (338B) | $1.88 Million | -29.31% | 0.05x | $2.48 Million |
| Adriatic Metals Plc (3FN) | $107.90 Million | -43.69% | 0.62x | $1.23 Billion |
About Metro Mining Limited
Metro Mining Limited, together with its subsidiaries, operates as an exploration and mining company. The company explores for bauxite. Its flagship project is the Bauxite Hills Mine property that covers an area of approximately 1,900 square kilometers located on Western Cape York. The company sells bauxite to its customers in China and United Arab Emirates. The company was formerly known as Metro… Read more