SUREFIRE RES
Surefire Resources NL, together with its subsidiaries, explores for and reviews mineral tenement holdings in Western Australia. The company explores for critical mineral, gold, titanium, aluminium, copper, lead, silver, vanadium, iron ore, nickel, and platinum group element deposits. Its flagship project is the Victory Bore vanadium-titanium-iron project, which consists of the Victory Bore and Un… Read more
SUREFIRE RES (GBL) - Net Assets
Latest net assets as of June 2024: €2.21 Million EUR
Based on the latest financial reports, SUREFIRE RES (GBL) has net assets worth €2.21 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 (€14.54 Million) and total liabilities (€12.33 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 | €2.21 Million |
| % of Total Assets | 15.2% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 57.08 |
SUREFIRE RES - Net Assets Trend (2020–2024)
This chart illustrates how SUREFIRE RES's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SUREFIRE RES (2020–2024)
The table below shows the annual net assets of SUREFIRE RES from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | €2.21 Million | +44.54% |
| 2023-06-30 | €1.53 Million | -67.38% |
| 2022-06-30 | €4.69 Million | +61.15% |
| 2021-06-30 | €2.91 Million | +614.26% |
| 2020-06-30 | €-565.75K | -- |
Equity Component Analysis
This analysis shows how different components contribute to SUREFIRE RES'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 1224204200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €43.30 Million | 2013.04% |
| Total Equity | €2.15 Million | 100.00% |
SUREFIRE RES Competitors by Market Cap
The table below lists competitors of SUREFIRE RES ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JADE ROAD INVESTMENTS LTD
F:1CP0
|
$1.16 Million |
|
Commander Resources Ltd
PINK:CMDRF
|
$1.16 Million |
|
Escalon Medical Corp
OTCQB:ESMC
|
$1.16 Million |
|
Hutchison Telecommunications (Australia) Ltd
AU:HTA
|
$1.16 Million |
|
Blue Chip India Limited
NSE:BLUECHIP
|
$1.16 Million |
|
NORTHERN TRUST - Dusseldorf Stock Exchang
DU:NT4
|
$1.16 Million |
|
Sparinvest SICAV Glob Ethical HY DKK R H
CO:SSIGEHYDKKRH
|
$1.16 Million |
|
GREEN MINERALS NK -003
F:5IP
|
$1.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SUREFIRE RES's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,529,499 to 2,151,012, a change of 621,513 (40.6%).
- Net loss of 3,068,583 reduced equity.
- Share repurchases of 141,206 reduced equity.
- New share issuances of 3,334,289 increased equity.
- Other factors increased equity by 497,013.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-3.07 Million | -142.66% |
| Share Repurchases | €141.21K | -6.56% |
| Share Issuances | €3.33 Million | +155.01% |
| Other Changes | €497.01K | +23.11% |
| Total Change | €- | 40.64% |
Book Value vs Market Value Analysis
This analysis compares SUREFIRE RES'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: 0.50x
- 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 |
|---|---|---|---|
| 2020-06-30 | €0.00 | €0.00 | x |
| 2021-06-30 | €0.00 | €0.00 | x |
| 2022-06-30 | €0.00 | €0.00 | x |
| 2023-06-30 | €0.00 | €0.00 | x |
| 2024-06-30 | €0.00 | €0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SUREFIRE RES 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): -142.66%
- 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: 6.76x
- Recent ROE (-142.66%) is below the historical average (-108.11%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | €-1.05 Million |
| 2021 | -111.33% | 0.00% | 0.00x | 1.20x | €-3.53 Million |
| 2022 | -52.48% | 0.00% | 0.00x | 1.12x | €-2.93 Million |
| 2023 | -234.06% | 0.00% | 0.00x | 3.62x | €-3.73 Million |
| 2024 | -142.66% | 0.00% | 0.00x | 6.76x | €-3.28 Million |
Industry Comparison
This section compares SUREFIRE RES'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: $502,667,915
- Average return on equity (ROE) among peers: -338.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SUREFIRE RES (GBL) | €2.21 Million | 0.00% | 5.58x | $1.16 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 |
| Agrimin Limited (3CL) | $46.44 Million | -2.95% | 0.06x | $11.03 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 |