Metals Exploration Plc
Metals Exploration plc identifies, acquires, explores for, and develops mining and processing properties in the United Kingdom and the Philippines. The company primarily explores for gold, and precious and base metals. Its flagship property owns 100% interest in the Runruno gold project located north of Manila. Metals Exploration plc was incorporated in 2004 and is based in London, the United Kin… Read more
Metals Exploration Plc (MTL) - Net Assets
Latest net assets as of June 2025: GBX235.19 Million GBX
Based on the latest financial reports, Metals Exploration Plc (MTL) has net assets worth GBX235.19 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 (GBX272.94 Million) and total liabilities (GBX37.75 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 | GBX235.19 Million |
| % of Total Assets | 86.17% |
| Annual Growth Rate | 19.17% |
| 5-Year Change | N/A |
| 10-Year Change | -19.46% |
| Growth Volatility | 177.18 |
Metals Exploration Plc - Net Assets Trend (2005–2024)
This chart illustrates how Metals Exploration Plc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Metals Exploration Plc (2005–2024)
The table below shows the annual net assets of Metals Exploration Plc from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX133.55 Million | -0.29% |
| 2023-12-31 | GBX133.93 Million | +653.97% |
| 2022-12-31 | GBX17.76 Million | +86.52% |
| 2021-12-31 | GBX9.52 Million | +956.85% |
| 2020-12-31 | GBX-1.11 Million | +91.93% |
| 2019-12-31 | GBX-13.78 Million | +54.77% |
| 2018-12-31 | GBX-30.47 Million | -120.88% |
| 2017-12-31 | GBX145.92 Million | -10.92% |
| 2016-12-31 | GBX163.80 Million | -1.22% |
| 2015-12-31 | GBX165.82 Million | -1.04% |
| 2014-12-31 | GBX167.55 Million | -4.47% |
| 2013-12-31 | GBX175.40 Million | +33.32% |
| 2012-12-31 | GBX131.56 Million | +22.57% |
| 2011-12-31 | GBX107.34 Million | +224.27% |
| 2010-12-31 | GBX33.10 Million | -17.31% |
| 2009-12-31 | GBX40.03 Million | +105.83% |
| 2008-12-31 | GBX19.45 Million | +73.90% |
| 2008-09-30 | GBX11.18 Million | -42.90% |
| 2007-09-30 | GBX19.59 Million | +345.10% |
| 2006-09-30 | GBX4.40 Million | -3.54% |
| 2005-09-30 | GBX4.56 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Metals Exploration 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 grown by 15367548564.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX153.36 Million | 115.18% |
| Common Stock | GBX235.37K | 0.18% |
| Total Equity | GBX133.15 Million | 100.00% |
Metals Exploration Plc Competitors by Market Cap
The table below lists competitors of Metals Exploration Plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
OMNIA HOLD
BE:OHZ
|
$38.49K |
|
Assetco Plc
LSE:ASTO
|
$38.49K |
|
TEKMIRA PHARM
BE:I9DN
|
$38.60K |
|
Hemlo Mining Corp.
V:HMMC
|
$38.61K |
|
American Commerce Solutions Inc
PINK:AACS
|
$38.47K |
|
Il Seung Co. Ltd.
KO:333430
|
$38.40K |
|
THESSALONIKI WATER
BE:T9W
|
$38.40K |
|
Property Franchise Group PLC
LSE:TPFG
|
$38.40K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Metals Exploration Plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 133,932,899 to 133,153,246, a change of -779,653 (-0.6%).
- Net income of 25,586,079 contributed positively to equity growth.
- Share repurchases of 25,345,845 reduced equity.
- New share issuances of 2,503 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX25.59 Million | +19.22% |
| Share Repurchases | GBX25.35 Million | -19.04% |
| Share Issuances | GBX2.50K | +0.0% |
| Other Changes | GBX-1.02 Million | -0.77% |
| Total Change | GBX- | -0.58% |
Book Value vs Market Value Analysis
This analysis compares Metals Exploration 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: 203.33x
- 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 4772.03x to 203.33x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-09-30 | GBX0.00 | GBX13.50 | x |
| 2006-09-30 | GBX0.00 | GBX13.50 | x |
| 2007-09-30 | GBX0.01 | GBX13.50 | x |
| 2008-12-31 | GBX0.01 | GBX13.50 | x |
| 2009-12-31 | GBX0.03 | GBX13.50 | x |
| 2010-12-31 | GBX0.02 | GBX13.50 | x |
| 2011-12-31 | GBX0.08 | GBX13.50 | x |
| 2012-12-31 | GBX0.09 | GBX13.50 | x |
| 2013-12-31 | GBX0.12 | GBX13.50 | x |
| 2014-12-31 | GBX0.12 | GBX13.50 | x |
| 2015-12-31 | GBX0.12 | GBX13.50 | x |
| 2016-12-31 | GBX0.09 | GBX13.50 | x |
| 2017-12-31 | GBX0.07 | GBX13.50 | x |
| 2018-12-31 | GBX-0.01 | GBX13.50 | x |
| 2019-12-31 | GBX-0.01 | GBX13.50 | x |
| 2020-12-31 | GBX0.00 | GBX13.50 | x |
| 2021-12-31 | GBX0.00 | GBX13.50 | x |
| 2022-12-31 | GBX0.01 | GBX13.50 | x |
| 2023-12-31 | GBX0.06 | GBX13.50 | x |
| 2024-12-31 | GBX0.07 | GBX13.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Metals Exploration 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): 19.22%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.39%
- • Asset Turnover: 1.10x
- • Equity Multiplier: 1.31x
- Recent ROE (19.22%) is above the historical average (1.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | -7.79% | 0.00% | 0.00x | 1.22x | GBX-714.92K |
| 2006 | -124.77% | 0.00% | 0.00x | 1.26x | GBX-5.16 Million |
| 2007 | -22.90% | 0.00% | 0.00x | 1.26x | GBX-6.44 Million |
| 2008 | -3.86% | 0.00% | 0.00x | 1.22x | GBX-2.58 Million |
| 2009 | -16.61% | 0.00% | 0.00x | 1.13x | GBX-10.49 Million |
| 2010 | -20.24% | 0.00% | 0.00x | 1.33x | GBX-9.89 Million |
| 2011 | -3.27% | 0.00% | 0.00x | 1.02x | GBX-14.25 Million |
| 2012 | -5.37% | 0.00% | 0.00x | 1.03x | GBX-20.22 Million |
| 2013 | -4.92% | 0.00% | 0.00x | 1.02x | GBX-26.17 Million |
| 2014 | -4.43% | 0.00% | 0.00x | 1.33x | GBX-24.19 Million |
| 2015 | -1.92% | 0.00% | 0.00x | 1.63x | GBX-19.77 Million |
| 2016 | -13.58% | -312.58% | 0.03x | 1.61x | GBX-38.63 Million |
| 2017 | -12.41% | -38.58% | 0.18x | 1.77x | GBX-32.70 Million |
| 2018 | 0.00% | -287.20% | 0.62x | 0.00x | GBX-173.34 Million |
| 2019 | 0.00% | 14.54% | 0.73x | 0.00x | GBX15.09 Million |
| 2020 | 0.00% | 7.71% | 0.85x | 0.00x | GBX9.52 Million |
| 2021 | 118.57% | 8.70% | 1.00x | 13.61x | GBX10.34 Million |
| 2022 | 49.28% | 7.04% | 1.03x | 6.79x | GBX6.98 Million |
| 2023 | 89.04% | 71.54% | 0.92x | 1.36x | GBX105.86 Million |
| 2024 | 19.22% | 13.39% | 1.10x | 1.31x | GBX12.27 Million |
Industry Comparison
This section compares Metals Exploration Plc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $80,153,220
- Average return on equity (ROE) among peers: -52.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Metals Exploration Plc (MTL) | GBX235.19 Million | -7.79% | 0.16x | $38.48K |
| Bluebird Merchant Ventures Ltd (BMV) | $19.35 Million | -1.33% | 0.04x | $306.26 |
| Conroy Gold & Natural Resources Plc (CGNR) | $17.65 Million | -3.84% | 0.28x | $1.43K |
| Cora Gold Limited (CORA) | $-546.00K | 0.00% | 0.00x | $5.35K |
| ECR Minerals plc (ECR) | $23.98 Million | -7.66% | 0.13x | $1.04K |
| Goldplat PLC (GDP) | $18.41 Million | 9.12% | 0.96x | $1.92K |
| Greatland Resources Limited (GGP) | $642.59 Million | 25.17% | 0.58x | $518.75K |
| Goldstone Resources Ltd (GRL) | $-1.34 Million | 0.00% | 0.00x | $461.96 |
| Hamak Gold Ltd (HAMA) | $1.14 Million | -326.99% | 0.36x | $591.38 |
| Lexington Gold Ltd (LEX) | $147.20K | -170.26% | 0.38x | $2.13K |