EV RESOURCES LTD. (R1EA) - Net Assets
Based on the latest financial reports, EV RESOURCES LTD. (R1EA) has net assets worth €5.56 Million EUR (≈ $6.50 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 (€9.41 Million ≈ $11.00 Million USD) and total liabilities (€3.85 Million ≈ $4.50 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. Read debt load of EV RESOURCES LTD. for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €5.56 Million |
| % of Total Assets | 59.07% |
| Annual Growth Rate | 10.23% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 77.2 |
EV RESOURCES LTD. - Net Assets Trend (2021–2024)
This chart illustrates how EV RESOURCES LTD.'s net assets have evolved over time, based on quarterly financial data. Also explore R1EA total assets for the complete picture of this company's asset base.
Annual Net Assets for EV RESOURCES LTD. (2021–2024)
The table below shows the annual net assets of EV RESOURCES LTD. from 2021 to 2024. For live valuation and market cap data, see EV RESOURCES LTD. (R1EA) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | €5.56 Million ≈ $6.50 Million |
-3.94% |
| 2023-06-30 | €5.79 Million ≈ $6.76 Million |
-41.38% |
| 2022-06-30 | €9.87 Million ≈ $11.54 Million |
+137.85% |
| 2021-06-30 | €4.15 Million ≈ $4.85 Million |
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Equity Component Analysis
This analysis shows how different components contribute to EV RESOURCES 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 906801500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €56.96 Million | 792.88% |
| Total Equity | €7.18 Million | 100.00% |
EV RESOURCES LTD. Competitors by Market Cap
The table below lists competitors of EV RESOURCES LTD. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hampton Financial Corp
V:HFC
|
$14.22 Million |
|
Theriva Biologics Inc.
NYSE MKT:TOVX
|
$14.23 Million |
|
JOY SPREADER GROUP INC.
F:5YN
|
$14.23 Million |
|
Sequoia Econ Infrastructure
LSE:SEQI
|
$14.23 Million |
|
Polyrizon Ltd. Ordinary Shares
NASDAQ:PLRZ
|
$14.20 Million |
|
Grand Baoxin Auto Group Limited
F:6BA
|
$14.19 Million |
|
Vo2 Cap Holding AB
ST:VO2
|
$14.19 Million |
|
Energisme
PA:ALNRG
|
$14.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in EV RESOURCES LTD.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,940,019 to 7,183,779, a change of 1,243,760 (20.9%).
- Net loss of 3,386,380 reduced equity.
- Share repurchases of 587,271 reduced equity.
- New share issuances of 5,472,388 increased equity.
- Other factors decreased equity by 254,977.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-3.39 Million | -47.14% |
| Share Repurchases | €587.27K | -8.17% |
| Share Issuances | €5.47 Million | +76.18% |
| Other Changes | €-254.98K | -3.55% |
| Total Change | €- | 20.94% |
Book Value vs Market Value Analysis
This analysis compares EV RESOURCES 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: 0.80x
- 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 |
|---|---|---|---|
| 2021-06-30 | €0.01 | €0.00 | x |
| 2022-06-30 | €0.01 | €0.00 | x |
| 2023-06-30 | €0.01 | €0.00 | x |
| 2024-06-30 | €0.00 | €0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently EV RESOURCES 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): -47.14%
- 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: 1.31x
- Recent ROE (-47.14%) is above the historical average (-52.98%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -23.88% | 0.00% | 0.00x | 1.05x | €-3.32 Million |
| 2023 | -87.94% | 0.00% | 0.00x | 1.09x | €-5.82 Million |
| 2024 | -47.14% | 0.00% | 0.00x | 1.31x | €-4.10 Million |
Industry Comparison
This section compares EV RESOURCES 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: $4,246,227
- Average return on equity (ROE) among peers: -67.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| EV RESOURCES LTD. (R1EA) | €5.56 Million | -23.88% | 0.69x | $14.22 Million |
| Scandium International Mining Corp (0E6) | $1.43 Million | 3.31% | 0.24x | $31.75 Million |
| PROSPECT RIDGE RESOURCES (0ED) | $8.06 Million | -50.96% | 0.07x | $3.47 Million |
| Asiamet Resources Ltd (0FK) | $2.57 Million | -281.87% | 0.47x | $27.77 Million |
| Global Li-Ion Graphite Corp (0TD) | $3.82 Million | -29.84% | 0.10x | $370.25K |
| Benz Mining Corp (1VU) | $8.77 Million | -54.50% | 0.49x | $417.32 Million |
| BENZ MINING CORP CDI/1 (1VU0) | $7.26 Million | -55.45% | 0.05x | $397.29 Million |
| Pacific Empire Minerals Corp (1YK) | $1.72 Million | -38.01% | 0.08x | $8.01 Million |
| PURANIUM ENERGY LTD. (2DK) | $977.72K | -142.91% | 0.06x | $469.66K |
| TROUBADOUR RESOURCES INC. (2QD0) | $7.88 Million | -26.62% | 0.08x | $70.07K |
| GOLCAP RESOURCES CORP (2SO0) | $-18.93K | 0.00% | 0.00x | $2.27 Million |
About EV RESOURCES LTD.
EV Resources Limited, together with its subsidiaries, engages in mineral exploration in Australia, Austria, Mexico, Peru, and the United States. It explores for gold, silver, copper, lithium, molybdenum, antimony, and other deposits. The company was formerly known as Jadar Resources Limited and changed its name to EV Resources Limited in December 2021. EV Resources Limited was incorporated in 198… Read more