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. Also explore First Class Metals PLC total assets for the complete picture of this company's asset base.
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. Check First Class Metals PLC tangible net worth ratio to evaluate the tangible quality of the company's equity base.
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. For live valuation and market cap data, see FCM market cap overview.
| 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 |
|---|---|
|
Cadogan Petroleum plc
LSE:CAD
|
$114.58K |
|
Slate Grocery REIT
TO:SGR-U
|
$114.82K |
|
Generation Income Properties Inc
NASDAQ:GIPR
|
$115.00K |
|
Nexus Infrastructure plc
LSE:NEXS
|
$115.42K |
|
Croma Security Solutions Group Plc
LSE:CSSG
|
$113.08K |
|
Titon Holdings Plc
LSE:TON
|
$112.91K |
|
Celadon Pharmaceuticals PLC
LSE:CEL
|
$112.25K |
|
BSR Real Estate Investment Trust
TO:HOM-UN
|
$111.95K |
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: 133.28x
- 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 105.49x to 133.28x 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 | GBX2.20 | x |
| 2022-12-31 | GBX0.04 | GBX2.20 | x |
| 2023-12-31 | GBX0.04 | GBX2.20 | x |
| 2024-12-31 | GBX0.03 | GBX2.20 | x |
| 2025-12-31 | GBX0.02 | GBX2.20 | 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: $1,456,880,009
- Average return on equity (ROE) among peers: -13.25%
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 | $113.57K |
| First Tin PLC (1SN) | $10.16 Million | -7.65% | 0.01x | $642.81K |
| Anglo American PLC (AAL) | $14.46 Billion | 21.33% | 0.77x | $486.67 Million |
| ACG Acquisition Co. Ltd. (ACG) | $-246.05K | 0.00% | 0.00x | $5.53 Million |
| Adriatic Metals (ADT1) | $4.63 Million | -22.01% | 0.02x | $13.45 Million |
| Alba Mineral Resources (ALBA) | $9.70 Million | -1.20% | 0.02x | $50.80K |
| Arc Minerals Limited (ARCM) | $18.30 Million | -10.86% | 0.01x | $105.72K |
| AfriTin Mining Ltd (ATM) | $35.67 Million | -21.74% | 0.33x | $915.31K |
| Anglesey Mining (AYM) | $4.18 Million | -50.78% | 0.31x | $31.94K |
| Beowulf Mining (BEM) | $6.76 Million | -46.11% | 0.04x | $52.79K |
| Bradda Head Holdings Ltd (BHL) | $16.66 Million | 6.53% | 0.01x | $104.56K |
About First Class Metals PLC
First Class Metals PLC operates as a mineral exploration and development company in North America. The company primarily explores for gold deposits. Its flagship project is the North Hemlo property consists of 427 contiguous single cell mining claims covering an area of approximately 89.6 square kilometers located northeast of lake superior in northeastern Ontario, Canada. The company was incorpo… Read more