Mincon Group P
Mincon Group plc engages in designing, manufacturing, selling, and servicing of rock drilling tools and associated products in Ireland, the Americas, Europe, Australasia, the Middle East, and Africa. The company offers drill rigs and mast attachments for excavators and skid steers; down the hole (DTH) hammers; DTH drill bits for various rock-drilling applications; XP+ rotary drill bits; and const… Read more
Mincon Group P (MCON) - Net Assets
Latest net assets as of June 2025: GBX146.03 Million GBX
Based on the latest financial reports, Mincon Group P (MCON) has net assets worth GBX146.03 Million GBX as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX205.22 Million) and total liabilities (GBX59.18 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 | GBX146.03 Million |
| % of Total Assets | 71.16% |
| Annual Growth Rate | 12.52% |
| 5-Year Change | 14.58% |
| 10-Year Change | 55.58% |
| Growth Volatility | 21.05 |
Mincon Group P - Net Assets Trend (2010–2024)
This chart illustrates how Mincon Group P's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mincon Group P (2010–2024)
The table below shows the annual net assets of Mincon Group P from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX152.31 Million | -1.26% |
| 2023-12-31 | GBX154.25 Million | +0.30% |
| 2022-12-31 | GBX153.79 Million | +6.68% |
| 2021-12-31 | GBX144.15 Million | +8.44% |
| 2020-12-31 | GBX132.94 Million | +5.38% |
| 2019-12-31 | GBX126.14 Million | +8.03% |
| 2018-12-31 | GBX116.77 Million | +7.97% |
| 2017-12-31 | GBX108.15 Million | +2.50% |
| 2016-12-31 | GBX105.52 Million | +7.77% |
| 2015-12-31 | GBX97.90 Million | +2.59% |
| 2014-12-31 | GBX95.43 Million | +10.53% |
| 2013-12-31 | GBX86.34 Million | +84.08% |
| 2012-12-31 | GBX46.90 Million | +28.26% |
| 2011-12-31 | GBX36.57 Million | +25.17% |
| 2010-12-31 | GBX29.22 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mincon Group P'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 grown by 345.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX104.76 Million | 68.78% |
| Common Stock | GBX2.12 Million | 1.40% |
| Other Comprehensive Income | GBX-22.22 Million | -14.59% |
| Other Components | GBX67.65 Million | 44.41% |
| Total Equity | GBX152.31 Million | 100.00% |
Mincon Group P Competitors by Market Cap
The table below lists competitors of Mincon Group P ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Red Tiger Mining Inc
PINK:RDTMF
|
$11.90K |
|
ABCO Energy Inc
PINK:ABCE
|
$11.90K |
|
MICROPORT SCIEN
BE:MSK
|
$11.90K |
|
Edita Food Industries Company (S.A.E)
LSE:EFID
|
$11.91K |
|
Pengana Global Private Credit Trust
AU:PCX
|
$11.88K |
|
DEEP YELLOW (JMI.SG)
STU:JMI
|
$11.88K |
|
Big Lots, Inc.
PINK:BIGGQ
|
$11.88K |
|
Plyzer Technologies Inc
PINK:PLYZ
|
$11.88K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mincon Group P's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 154,251,000 to 152,315,000, a change of -1,936,000 (-1.3%).
- Net income of 1,766,000 contributed positively to equity growth.
- Dividend payments of 4,462,000 reduced retained earnings.
- Other comprehensive income increased equity by 760,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX1.77 Million | +1.16% |
| Dividends Paid | GBX4.46 Million | -2.93% |
| Other Comprehensive Income | GBX760.00K | +0.5% |
| Total Change | GBX- | -1.26% |
Book Value vs Market Value Analysis
This analysis compares Mincon Group P'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: 84.42x
- 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 427.24x to 84.42x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | GBX0.14 | GBX59.50 | x |
| 2011-12-31 | GBX0.17 | GBX59.50 | x |
| 2012-12-31 | GBX0.22 | GBX59.50 | x |
| 2013-12-31 | GBX0.55 | GBX59.50 | x |
| 2014-12-31 | GBX0.46 | GBX59.50 | x |
| 2015-12-31 | GBX0.46 | GBX59.50 | x |
| 2016-12-31 | GBX0.50 | GBX59.50 | x |
| 2017-12-31 | GBX0.51 | GBX59.50 | x |
| 2018-12-31 | GBX0.54 | GBX59.50 | x |
| 2019-12-31 | GBX0.59 | GBX59.50 | x |
| 2020-12-31 | GBX0.61 | GBX59.50 | x |
| 2021-12-31 | GBX0.66 | GBX59.50 | x |
| 2022-12-31 | GBX0.73 | GBX59.50 | x |
| 2023-12-31 | GBX0.72 | GBX59.50 | x |
| 2024-12-31 | GBX0.70 | GBX59.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mincon Group P 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): 1.16%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.22%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 1.39x
- Recent ROE (1.16%) is below the historical average (11.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 16.36% | 13.98% | 0.89x | 1.31x | GBX1.84 Million |
| 2011 | 24.72% | 21.74% | 0.88x | 1.29x | GBX5.33 Million |
| 2012 | 21.59% | 15.79% | 1.10x | 1.24x | GBX5.35 Million |
| 2013 | 11.67% | 19.03% | 0.55x | 1.11x | GBX1.43 Million |
| 2014 | 9.61% | 16.75% | 0.48x | 1.18x | GBX-367.30K |
| 2015 | 8.19% | 11.36% | 0.60x | 1.21x | GBX-1.76 Million |
| 2016 | 8.79% | 12.12% | 0.61x | 1.19x | GBX-1.27 Million |
| 2017 | 9.40% | 10.37% | 0.74x | 1.22x | GBX-644.10K |
| 2018 | 11.73% | 11.53% | 0.78x | 1.30x | GBX2.00 Million |
| 2019 | 9.86% | 9.96% | 0.75x | 1.33x | GBX-173.90K |
| 2020 | 10.70% | 10.95% | 0.73x | 1.35x | GBX927.40K |
| 2021 | 10.13% | 10.11% | 0.69x | 1.45x | GBX184.80K |
| 2022 | 9.56% | 8.65% | 0.76x | 1.46x | GBX-674.60K |
| 2023 | 4.84% | 4.76% | 0.71x | 1.42x | GBX-7.96 Million |
| 2024 | 1.16% | 1.22% | 0.68x | 1.39x | GBX-13.47 Million |
Industry Comparison
This section compares Mincon Group P's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $40,181,000
- Average return on equity (ROE) among peers: -5.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mincon Group P (MCON) | GBX146.03 Million | 16.36% | 0.41x | $11.89K |
| Trifast plc (TRI) | $40.18 Million | -5.44% | 0.85x | $11.51K |