First Class Metals PLC (FCM) - Net Assets
Based on the latest financial reports, First Class Metals PLC (FCM) has net assets worth GBX3.34 Million GBX (≈ $406.06 USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX4.18 Million ≈ $508.88 USD) and total liabilities (GBX845.06K ≈ $102.82 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. See First Class Metals PLC (FCM) balance sheet quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX3.34 Million |
| % of Total Assets | 79.8% |
| Annual Growth Rate | 24.94% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 39.44 |
First Class Metals PLC - Net Assets Trend (2021–2025)
This chart illustrates how First Class Metals PLC's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see First Class Metals PLC (FCM) total market value.
Annual Net Assets for First Class Metals PLC (2021–2025)
The table below shows the annual net assets of First Class Metals PLC from 2021 to 2025. Also explore net asset momentum of First Class Metals PLC to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | GBX3.34 Million ≈ $406.06 |
+34.04% |
| 2024-12-31 | GBX2.49 Million ≈ $302.94 |
-19.59% |
| 2023-12-31 | GBX3.10 Million ≈ $376.76 |
+18.86% |
| 2022-12-31 | GBX2.61 Million ≈ $316.98 |
+90.22% |
| 2021-12-31 | GBX1.37 Million ≈ $166.63 |
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Equity Component Analysis
This analysis shows how different components contribute to First Class Metals PLC'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 488984400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX240.59K | 7.21% |
| Other Components | GBX8.15 Million | 244.35% |
| Total Equity | GBX3.34 Million | 100.00% |
First Class Metals PLC Competitors by Market Cap
The table below lists competitors of First Class Metals PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cirata plc
LSE:CRTA
|
$152.42K |
|
LMS Capital Plc
LSE:LMS
|
$152.74K |
|
Virgin Wines UK PLC
LSE:VINO
|
$153.99K |
|
Lexington Gold Ltd
LSE:LEX
|
$155.67K |
|
Meyer Burger Tech AG
SW:MBTN
|
$151.86K |
|
Kukbo Co. Ltd.
KO:001140
|
$150.40K |
|
LANEBURY GROWTH CAP.
F:L01
|
$148.96K |
|
Fusion Antibodies PLC
LSE:FAB
|
$148.66K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Class Metals PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,489,822 to 3,337,396, a change of 847,574 (34.0%).
- Net loss of 1,273,582 reduced equity.
- New share issuances of 520,000 increased equity.
- Other comprehensive income increased equity by 13,792.
- Other factors increased equity by 1,587,364.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-1.27 Million | -38.16% |
| Share Issuances | GBX520.00K | +15.58% |
| Other Comprehensive Income | GBX13.79K | +0.41% |
| Other Changes | GBX1.59 Million | +47.56% |
| Total Change | GBX- | 34.04% |
Book Value vs Market Value Analysis
This analysis compares First Class Metals PLC'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: 178.71x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 141.46x to 178.71x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | GBX0.02 | GBX2.95 | x |
| 2022-12-31 | GBX0.04 | GBX2.95 | x |
| 2023-12-31 | GBX0.04 | GBX2.95 | x |
| 2024-12-31 | GBX0.03 | GBX2.95 | x |
| 2025-12-31 | GBX0.02 | GBX2.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Class Metals PLC 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): -38.16%
- 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: 1.25x
- Recent ROE (-38.16%) is below the historical average (-36.59%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -12.29% | 0.00% | 0.00x | 1.08x | GBX-305.29K |
| 2022 | -26.91% | 0.00% | 0.00x | 1.23x | GBX-961.56K |
| 2023 | -50.99% | 0.00% | 0.00x | 1.22x | GBX-1.89 Million |
| 2024 | -54.62% | 0.00% | 0.00x | 1.60x | GBX-1.61 Million |
| 2025 | -38.16% | 0.00% | 0.00x | 1.25x | GBX-1.61 Million |
Industry Comparison
This section compares First Class Metals PLC'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: $6,939,635,295
- Average return on equity (ROE) among peers: -42.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Class Metals PLC (FCM) | GBX3.34 Million | -12.29% | 0.25x | $152.29K |
| First Tin PLC (1SN) | $759.50K | -8.44% | 0.07x | $791.16K |
| Anglo American PLC (AAL) | $28.53 Billion | -10.75% | 1.27x | $528.39 Million |
| ACG Acquisition Co. Ltd. (ACG) | $58.31 Million | -22.45% | 2.63x | $5.34 Million |
| Adriatic Metals (ADT1) | $765.43K | -0.07% | 0.20x | $13.45 Million |
| Arc Minerals Limited (ARCM) | $18.30 Million | -10.86% | 0.01x | $114.53K |
| AfriTin Mining Ltd (ATM) | $35.67 Million | -21.74% | 0.33x | $1.77 Million |
| Anglesey Mining (AYM) | $25.50 Million | -2.25% | 0.09x | $55.86K |
| Beowulf Mining (BEM) | $12.66 Million | -15.38% | 0.20x | $56.56K |
| Bradda Head Holdings Ltd (BHL) | $386.36K | -345.01% | 2.49x | $92.68K |
| BHP Group Limited (BHP) | $40.71 Billion | 14.44% | 0.93x | $2.07 Billion |
About First Class Metals PLC
First Class Metals PLC engages in development, acquisition, and exploration of its property asset in Canada. The company primarily explores for gold deposits. Its flagship project is the North Hemlo property that is located approximately 20 kilometers north of Barrick Hemlo. The company was incorporated in 2021 and is based in Preston, the United Kingdom.