QMINES LTD Net Assets
QMINES LTD net assets. Based on the latest financial reports, QMINES LTD (81V) has net assets worth €18.09 Million EUR (≈ $21.15 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 (€21.50 Million ≈ $25.14 Million USD) and total liabilities (€3.41 Million ≈ $3.98 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. Also explore 81V shareholders equity momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €18.09 Million |
| % of Total Assets | 84.15% |
| Annual Growth Rate | 20.78% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 7.51 |
Net Assets of QMINES LTD (2022–2024)
Net assets of QMINES LTD from 2022 to 2024. This chart illustrates how QMINES LTD's net assets have evolved over time, based on quarterly financial data. See debt-free asset ratio of QMINES LTD to measure how much of total assets are equity-financed.
Annual Net Assets for QMINES LTD (2022–2024)
The table below shows the annual net assets of QMINES LTD from 2022 to 2024. For live market cap and overall valuation, see 81V company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | €18.09 Million ≈ $21.15 Million |
+13.52% |
| 2023-06-30 | €15.94 Million ≈ $18.63 Million |
+28.55% |
| 2022-06-30 | €12.40 Million ≈ $14.50 Million |
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Equity Component Analysis
This analysis shows how different components contribute to QMINES LTD'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 880318400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
QMINES LTD Net Assets Breakdown (June 2024)
QMINES LTD net assets breakdown by equity component as of June 2024.
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €31.63 Million | 174.96% |
| Total Equity | €18.08 Million | 100.00% |
QMINES LTD Competitors by Market Cap
The table below lists competitors of QMINES LTD ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tycoons Worldwide Group (Thailand) Public Company Limited
BK:TYCN
|
$30.69 Million |
|
Eldav-L
TA:ELDAV
|
$30.70 Million |
|
Petrolia SE
F:0PE
|
$30.70 Million |
|
Koroplast Temizlik Ambalaj Urunleri San. ve Dis Ticaret A.S.
IS:KRPLS
|
$30.70 Million |
|
360 Capital Mortgage REIT
AU:TCF
|
$30.69 Million |
|
Cyviz AS
OL:CYVIZ
|
$30.67 Million |
|
Net Digital AG
XETRA:VRL
|
$30.66 Million |
|
Seowon
KO:021050
|
$30.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in QMINES LTD's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 15,939,272 to 18,078,811, a change of 2,139,539 (13.4%).
- Net loss of 3,374,951 reduced equity.
- New share issuances of 2,866,586 increased equity.
- Other factors increased equity by 2,647,904.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-3.37 Million | -18.67% |
| Share Issuances | €2.87 Million | +15.86% |
| Other Changes | €2.65 Million | +14.65% |
| Total Change | €- | 13.42% |
Book Value vs Market Value Analysis
This analysis compares QMINES LTD'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: 0.42x
- 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 increased from 0.31x to 0.42x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-06-30 | €0.11 | €0.03 | x |
| 2023-06-30 | €0.09 | €0.03 | x |
| 2024-06-30 | €0.08 | €0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently QMINES LTD 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): -18.67%
- 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: 1.19x
- Recent ROE (-18.67%) is above the historical average (-26.65%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -25.53% | 0.00% | 0.00x | 1.03x | €-4.41 Million |
| 2023 | -35.76% | 0.00% | 0.00x | 1.03x | €-7.29 Million |
| 2024 | -18.67% | 0.00% | 0.00x | 1.19x | €-5.18 Million |
Industry Comparison
This section compares QMINES LTD's net assets metrics with peer companies in the Copper industry.
Industry Context
- Industry: Copper
- Average net assets among peers: $6,343,047,297
- Average return on equity (ROE) among peers: -28.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| QMINES LTD (81V) | €18.09 Million | -25.53% | 0.19x | $30.69 Million |
| ELEMENT 29 RESOURCES INC (2IK) | $17.01 Million | -17.08% | 0.05x | $114.30 Million |
| China Nonferrous Mining Corporation Limited (3N4) | $2.17 Billion | 16.44% | 0.92x | $5.07 Billion |
| ALMA METALS LTD. CUFS1 (BP60) | $4.70 Million | -196.72% | 0.02x | $10.78 Million |
| Atalaya Mining Ltd (E5S1) | $435.90 Million | 30.66% | 0.34x | $1.72 Billion |
| GR.SOU.COP. LS-01 (E9E) | $3.60 Million | -48.93% | 0.06x | $11.75 Million |
| Jiangxi Copper Company Limited (JIX) | $52.03 Billion | 4.70% | 0.98x | $4.43 Billion |
| COPPERCORP RESOURCES INC. (NU0) | $6.67 Million | -69.44% | 0.04x | $1.11 Million |
| MMG Limited (OMS1) | $1.82 Billion | 5.69% | 1.58x | $10.95 Billion |
| Sandfire Resources Limited (S2Z) | $604.18 Million | 17.62% | 0.22x | $5.31 Billion |
About QMINES LTD
QMines Limited explores and develops mineral properties in Australia. The company explores for gold, copper, zinc, and silver deposits. Its flagship project is the 100% owned Mount Chalmers project, which consists of five minerals exploration permits covering an area of 334 square kilometers located North-East of Rockhampton, Queensland. QMines Limited was incorporated in 2020 and is headquartere… Read more