Equatorial Resources Limited
Equatorial Resources Limited engages in mineral exploration activities in the Republic of Congo and the Republic of Guinea. Its flagship is the Nimba Alliance iron ore project covering an area of approximately 198 square kilometers for the Nimba West permit and approximately 107 square kilometers for the Nimba North permit located in Guinea, West Africa. Equatorial Resources Limited was incorpora… Read more
Equatorial Resources Limited (PBU) - Net Assets
Latest net assets as of June 2024: €14.05 Million EUR
Based on the latest financial reports, Equatorial Resources Limited (PBU) has net assets worth €14.05 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 (€15.90 Million) and total liabilities (€1.85 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 | €14.05 Million |
| % of Total Assets | 88.39% |
| Annual Growth Rate | -14.55% |
| 5-Year Change | -66.79% |
| 10-Year Change | N/A |
| Growth Volatility | 16.83 |
Equatorial Resources Limited - Net Assets Trend (2017–2024)
This chart illustrates how Equatorial Resources Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Equatorial Resources Limited (2017–2024)
The table below shows the annual net assets of Equatorial Resources Limited from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | €14.05 Million | -1.11% |
| 2023-06-30 | €14.21 Million | -21.94% |
| 2022-06-30 | €18.20 Million | -48.13% |
| 2021-06-30 | €35.09 Million | -17.07% |
| 2020-06-30 | €42.31 Million | -0.45% |
| 2019-06-30 | €42.50 Million | +0.65% |
| 2018-06-30 | €42.23 Million | -0.05% |
| 2017-06-30 | €42.24 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Equatorial Resources 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 2940119200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €180.44 Million | 1178.70% |
| Total Equity | €15.31 Million | 100.00% |
Equatorial Resources Limited Competitors by Market Cap
The table below lists competitors of Equatorial Resources Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BLACKROCK
BE:BLQA
|
$9.43 Million |
|
DLSI
PA:ALDLS
|
$9.43 Million |
|
EURO CREATIONS PUBLIC COMPANY LIMITED
BK:EURO
|
$9.44 Million |
|
Top Win International Limited
NASDAQ:SORA
|
$9.44 Million |
|
Leviathan Gold Ltd
OTCQB:LVXFF
|
$9.43 Million |
|
ZOO DIGITAL GRP LS -01
F:2ZD
|
$9.43 Million |
|
Fujikon Industrial Holdings Limited
F:FUK
|
$9.43 Million |
|
BPM Minerals Ltd
AU:BPM
|
$9.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Equatorial Resources Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 15,902,156 to 15,308,130, a change of -594,026 (-3.7%).
- Net loss of 1,761,889 reduced equity.
- Share repurchases of 6,431 reduced equity.
- Other factors increased equity by 1,174,294.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-1.76 Million | -11.51% |
| Share Repurchases | €6.43K | -0.04% |
| Other Changes | €1.17 Million | +7.67% |
| Total Change | €- | -3.74% |
Book Value vs Market Value Analysis
This analysis compares Equatorial Resources 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: 1.12x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.38x to 1.12x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | €0.34 | €0.13 | x |
| 2018-06-30 | €0.34 | €0.13 | x |
| 2019-06-30 | €0.34 | €0.13 | x |
| 2020-06-30 | €0.35 | €0.13 | x |
| 2021-06-30 | €0.29 | €0.13 | x |
| 2022-06-30 | €0.16 | €0.13 | x |
| 2023-06-30 | €0.13 | €0.13 | x |
| 2024-06-30 | €0.12 | €0.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Equatorial Resources 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): -11.51%
- 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: 1.04x
- Recent ROE (-11.51%) is above the historical average (-18.45%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -2.47% | 0.00% | 0.00x | 1.01x | €-5.27 Million |
| 2018 | -0.12% | 0.00% | 0.00x | 1.00x | €-4.27 Million |
| 2019 | 0.62% | 0.00% | 0.00x | 1.00x | €-3.99 Million |
| 2020 | -0.39% | 0.00% | 0.00x | 0.98x | €-4.53 Million |
| 2021 | -20.60% | 0.00% | 0.00x | 0.96x | €-11.25 Million |
| 2022 | -86.75% | 0.00% | 0.00x | 0.93x | €-19.25 Million |
| 2023 | -26.36% | 0.00% | 0.00x | 1.05x | €-5.78 Million |
| 2024 | -11.51% | 0.00% | 0.00x | 1.04x | €-3.29 Million |
Industry Comparison
This section compares Equatorial Resources Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $52,743,896,026
- Average return on equity (ROE) among peers: 7.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Equatorial Resources Limited (PBU) | €14.05 Million | -2.47% | 0.13x | $9.43 Million |
| PT Krakatau Steel (Persero) Tbk (07K) | $1.85 Billion | -4.41% | 1.22x | $45.67 Million |
| Xiwang Special Steel Company Limited (2XI) | $3.13 Billion | 12.25% | 2.32x | $64.01K |
| Tiangong International Company Limited (34T1) | $5.20 Billion | 7.59% | 0.96x | $232.31 Million |
| Fenix Resources Limited (4ER) | $118.73 Million | 42.70% | 0.36x | $88.47 Million |
| INDUSTRIAS CH-B (AKQ.SG) (AKQ) | $43.03 Billion | 6.90% | 0.29x | $2.77 Billion |
| BE Group AB (publ) (BGA1) | $892.00 Million | 8.97% | 1.37x | $23.57 Million |
| China Vanadium Titano-Magnetite Mining Company Limited (CV8S) | $915.45 Million | -1.86% | 0.34x | $7.47 Million |
| Shougang Concord Century Holdings Limited (CW7) | $1.39 Billion | -4.92% | 1.48x | $40.36 Million |
| Daido Steel Co. Ltd (DDL) | $469.14 Billion | 6.04% | 0.67x | $1.74 Billion |
| Da Ming International Holdings Limited (DM7) | $1.75 Billion | 5.58% | 1.98x | $31.19 Million |