E3 LITHIUM LTD
E3 Lithium Limited engages in the development and extraction of lithium resources in Alberta. The company was formerly known as E3 Metals Corp. and changed its name to E3 Lithium Limited in July 2022. E3 Lithium Limited is headquartered in Calgary, Canada.
E3 LITHIUM LTD (OW3) - Net Assets
Latest net assets as of September 2023: €58.27 Million EUR
Based on the latest financial reports, E3 LITHIUM LTD (OW3) has net assets worth €58.27 Million EUR as of September 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€62.65 Million) and total liabilities (€4.38 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 | €58.27 Million |
| % of Total Assets | 93.01% |
| Annual Growth Rate | 102.59% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 54.41 |
E3 LITHIUM LTD - Net Assets Trend (2019–2022)
This chart illustrates how E3 LITHIUM LTD's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for E3 LITHIUM LTD (2019–2022)
The table below shows the annual net assets of E3 LITHIUM LTD from 2019 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | €33.47 Million | +33.88% |
| 2021-12-31 | €25.00 Million | +147.62% |
| 2020-12-31 | €10.10 Million | +150.92% |
| 2019-12-31 | €4.02 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to E3 LITHIUM 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 1381875000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | €52.70 Million | 157.45% |
| Other Components | €14.51 Million | 43.36% |
| Total Equity | €33.47 Million | 100.00% |
E3 LITHIUM LTD Competitors by Market Cap
The table below lists competitors of E3 LITHIUM LTD ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GrandTech C.G. Systems
TWO:6123
|
$51.38 Million |
|
New Ulm Telecom Inc
OTCQB:NUVR
|
$51.40 Million |
|
Alarum Technologies Ltd.
NASDAQ:ALAR
|
$51.43 Million |
|
Minna Padi Investama Tbk
JK:PADI
|
$51.43 Million |
|
Tscan Therapeutics Inc
NASDAQ:TCRX
|
$51.36 Million |
|
Tureks Turizm Tasimacilik AS
IS:TUREX
|
$51.35 Million |
|
Tradetool Auto Co Ltd
TWO:3685
|
$51.35 Million |
|
Serviceware SE
F:SJJ
|
$51.33 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in E3 LITHIUM LTD's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 25,001,000 to 33,472,000, a change of 8,471,000 (33.9%).
- Net loss of 6,944,000 reduced equity.
- Share repurchases of 30,000 reduced equity.
- Other factors increased equity by 15,445,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-6.94 Million | -20.75% |
| Share Repurchases | €30.00K | -0.09% |
| Other Changes | €15.45 Million | +46.14% |
| Total Change | €- | 33.88% |
Book Value vs Market Value Analysis
This analysis compares E3 LITHIUM 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: 1.30x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.69x to 1.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | €0.15 | €0.69 | x |
| 2020-12-31 | €0.24 | €0.69 | x |
| 2021-12-31 | €0.43 | €0.69 | x |
| 2022-12-31 | €0.53 | €0.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently E3 LITHIUM 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): -20.75%
- 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: 1.08x
- Recent ROE (-20.75%) is above the historical average (-29.89%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -58.94% | 0.00% | 0.00x | 1.11x | €-2.77 Million |
| 2020 | -20.75% | 0.00% | 0.00x | 1.05x | €-3.10 Million |
| 2021 | -19.12% | 0.00% | 0.00x | 1.04x | €-7.28 Million |
| 2022 | -20.75% | 0.00% | 0.00x | 1.08x | €-10.29 Million |
Industry Comparison
This section compares E3 LITHIUM LTD'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 |
|---|---|---|---|---|
| E3 LITHIUM LTD (OW3) | €58.27 Million | -58.94% | 0.08x | $51.36 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 |