Fulcrum Metals PLC (FMET) - Net Assets
Based on the latest financial reports, Fulcrum Metals PLC (FMET) has net assets worth GBX2.80 Million GBX (≈ $340.50 USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX3.98 Million ≈ $484.06 USD) and total liabilities (GBX1.18 Million ≈ $143.56 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. Check Fulcrum Metals PLC (FMET) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX2.80 Million |
| % of Total Assets | 70.34% |
| Annual Growth Rate | 141.84% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 264.75 |
Fulcrum Metals PLC - Net Assets Trend (2021–2024)
This chart illustrates how Fulcrum Metals PLC's net assets have evolved over time, based on quarterly financial data. See Fulcrum Metals PLC (FMET) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Fulcrum Metals PLC (2021–2024)
The table below shows the annual net assets of Fulcrum Metals PLC from 2021 to 2024. For live valuation and market cap data, see FMET stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX3.11 Million ≈ $377.93 |
-15.62% |
| 2023-12-31 | GBX3.68 Million ≈ $447.87 |
+606.65% |
| 2022-12-31 | GBX520.90K ≈ $63.38 |
+137.36% |
| 2021-12-31 | GBX219.46K ≈ $26.70 |
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Equity Component Analysis
This analysis shows how different components contribute to Fulcrum 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 347637600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX618.26K | 19.90% |
| Other Components | GBX5.96 Million | 192.01% |
| Total Equity | GBX3.11 Million | 100.00% |
Fulcrum Metals PLC Competitors by Market Cap
The table below lists competitors of Fulcrum Metals PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LIFT GLOBAL VENT. LS-01
F:7XO
|
$167.84K |
|
Cizzle Biotechnology Holdings PLC
LSE:CIZ
|
$168.80K |
|
Prospex Energy PLC
LSE:PXEN
|
$169.53K |
|
Conygar Investment Co PLC
LSE:CIC
|
$170.52K |
|
Fusion Antibodies PLC
LSE:FAB
|
$165.94K |
|
Kingswood Holdings Ltd
LSE:KWG
|
$164.47K |
|
Aptamer Group PLC
LSE:APTA
|
$164.07K |
|
Lexington Gold Ltd
LSE:LEX
|
$163.38K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fulcrum Metals PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,680,971 to 3,106,150, a change of -574,821 (-15.6%).
- Net loss of 1,153,461 reduced equity.
- New share issuances of 947,998 increased equity.
- Other factors decreased equity by 369,358.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-1.15 Million | -37.13% |
| Share Issuances | GBX948.00K | +30.52% |
| Other Changes | GBX-369.36K | -11.89% |
| Total Change | GBX- | -15.62% |
Book Value vs Market Value Analysis
This analysis compares Fulcrum 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: 179.14x
- 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 decreased from 5933263.86x to 179.14x 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 | GBX0.00 | GBX9.00 | x |
| 2020-12-31 | GBX0.00 | GBX9.00 | x |
| 2021-12-31 | GBX0.00 | GBX9.00 | x |
| 2022-12-31 | GBX0.01 | GBX9.00 | x |
| 2023-12-31 | GBX0.07 | GBX9.00 | x |
| 2024-12-31 | GBX0.05 | GBX9.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fulcrum 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): -37.13%
- 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: 1.32x
- Recent ROE (-37.13%) is above the historical average (-54.25%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -14.36% | 0.00% | 0.00x | 1.57x | GBX-53.45K |
| 2022 | -118.95% | 0.00% | 0.00x | 2.46x | GBX-671.69K |
| 2023 | -46.58% | 0.00% | 0.00x | 1.24x | GBX-2.08 Million |
| 2024 | -37.13% | 0.00% | 0.00x | 1.32x | GBX-1.46 Million |
Industry Comparison
This section compares Fulcrum Metals PLC's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $210,771,879
- Average return on equity (ROE) among peers: -29.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fulcrum Metals PLC (FMET) | GBX2.80 Million | -14.36% | 0.42x | $167.71K |
| Botswana Diamonds plc (BOD) | $7.69 Million | -10.04% | 0.05x | $26.24K |
| Caerus Mineral Resources PLC (CMRS) | $158.95K | -121.24% | 0.07x | $83.12K |
| Cobra Resources PLC (COBR) | $2.08 Million | -80.74% | 0.11x | $495.34K |
| Empire Metals Limited (EEE) | $4.13 Million | -14.28% | 0.03x | $3.07 Million |
| Eurasia Mining (EUA) | $4.58 Million | -31.15% | 0.20x | $933.66K |
| Fresnillo PLC (FRES) | $1.30 Billion | 24.71% | 0.18x | $292.65 Million |
| Gemfields Plc (GEM) | $365.40 Million | -19.79% | 0.00x | $860.13K |
| Gem Diamonds Ltd (GEMD) | $198.09 Million | 0.00% | 0.70x | $61.29K |
| Golden Metal Resources PLC (GMET) | $11.72 Million | -11.74% | 0.07x | $4.82 Million |
About Fulcrum Metals PLC
Fulcrum Metals plc operates as a natural resources company in Canada. The company explores for gold, uranium, and other base metals. Its flagship property is the Teck-Hughes project that includes 7 mining claims covering an area of approximately 112 hectares located in Kirkland Lake, Ontario. Fulcrum Metals plc was incorporated in 2022 and is based in Bromsgrove, the United Kingdom.