Largo Resources Ltd
Largo Inc. engages in the development and sale of vanadium-based energy storage systems in Canada. The company operates through six segments: Sales & Trading, Mine Properties, Corporate, Exploration and Evaluation Properties, and Clean Energy and Largo Physical Vanadium. Its products include VPURE+ vanadium flakes that are used in the production of master alloys and aerospace applications; VPURE … Read more
Largo Resources Ltd (LGO) - Net Assets
Latest net assets as of September 2025: $136.15 Million USD
Based on the latest financial reports, Largo Resources Ltd (LGO) has net assets worth $136.15 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($321.99 Million) and total liabilities ($185.84 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 | $136.15 Million |
| % of Total Assets | 42.28% |
| Annual Growth Rate | N/A |
| 5-Year Change | -30.72% |
| 10-Year Change | 621.3% |
| Growth Volatility | 205.98 |
Largo Resources Ltd - Net Assets Trend (2001–2024)
This chart illustrates how Largo Resources Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Largo Resources Ltd (2001–2024)
The table below shows the annual net assets of Largo Resources Ltd from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $171.23 Million | -32.72% |
| 2023-12-31 | $254.49 Million | -7.31% |
| 2022-12-31 | $274.55 Million | +3.33% |
| 2021-12-31 | $265.70 Million | +7.50% |
| 2020-12-31 | $247.16 Million | -9.61% |
| 2019-12-31 | $273.43 Million | -5.17% |
| 2018-12-31 | $288.34 Million | +387.62% |
| 2017-12-31 | $59.13 Million | +196.28% |
| 2016-12-31 | $19.96 Million | -15.93% |
| 2015-12-31 | $23.74 Million | -83.37% |
| 2014-12-31 | $142.77 Million | -18.74% |
| 2013-12-31 | $175.68 Million | -3.02% |
| 2012-12-31 | $181.15 Million | +90.13% |
| 2011-12-31 | $95.27 Million | +105.70% |
| 2010-12-31 | $46.32 Million | +41.22% |
| 2009-12-31 | $32.80 Million | +30.63% |
| 2008-12-31 | $25.11 Million | +85.90% |
| 2007-12-31 | $13.51 Million | +121.49% |
| 2006-12-31 | $6.10 Million | +58.97% |
| 2005-12-31 | $3.84 Million | +42.57% |
| 2004-12-31 | $2.69 Million | +780.52% |
| 2003-12-31 | $305.52K | +572.68% |
| 2002-12-31 | $45.42K | +196.93% |
| 2001-12-31 | $-46.86K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Largo Resources Ltd'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 12362659398.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $412.74 Million | 250.42% |
| Other Comprehensive Income | $-133.53 Million | -81.01% |
| Other Components | $12.10 Million | 7.34% |
| Total Equity | $164.82 Million | 100.00% |
Largo Resources Ltd Competitors by Market Cap
The table below lists competitors of Largo Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Saint Jean Groupe Société anonyme
PA:SABE
|
$57.25 Million |
|
NeoPharm CO. LTD
KQ:092730
|
$57.26 Million |
|
Guardian Metal Resources PLC
OTCQX:GMTLF
|
$57.28 Million |
|
FELIX Gold Ltd
AU:FXG
|
$57.29 Million |
|
Yusin Holding Corp
TW:4557
|
$57.23 Million |
|
OSE Pharma SA
PA:OSE
|
$57.23 Million |
|
Terra Metals Ltd
AU:TM1
|
$57.22 Million |
|
Invictus Energy Limited
OTCQB:IVCTF
|
$57.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Largo Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 247,379,821 to 164,818,000, a change of -82,561,821 (-33.4%).
- Net loss of 49,828,000 reduced equity.
- Other comprehensive income decreased equity by 47,967,002.
- Other factors increased equity by 15,233,181.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-49.83 Million | -30.23% |
| Other Comprehensive Income | $-47.97 Million | -29.1% |
| Other Changes | $15.23 Million | +9.24% |
| Total Change | $- | -33.37% |
Book Value vs Market Value Analysis
This analysis compares Largo Resources Ltd'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: 0.44x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $-0.75 | $1.14 | x |
| 2002-12-31 | $0.70 | $1.14 | x |
| 2003-12-31 | $3.04 | $1.14 | x |
| 2004-12-31 | $14.04 | $1.14 | x |
| 2005-12-31 | $14.36 | $1.14 | x |
| 2006-12-31 | $11.11 | $1.14 | x |
| 2007-12-31 | $15.22 | $1.14 | x |
| 2008-12-31 | $19.98 | $1.14 | x |
| 2009-12-31 | $16.54 | $1.14 | x |
| 2010-12-31 | $18.16 | $1.14 | x |
| 2011-12-31 | $24.39 | $1.14 | x |
| 2012-12-31 | $27.03 | $1.14 | x |
| 2013-12-31 | $19.61 | $1.14 | x |
| 2014-12-31 | $14.14 | $1.14 | x |
| 2015-12-31 | $1.42 | $1.14 | x |
| 2016-12-31 | $0.52 | $1.14 | x |
| 2017-12-31 | $1.26 | $1.14 | x |
| 2018-12-31 | $4.49 | $1.14 | x |
| 2019-12-31 | $5.11 | $1.14 | x |
| 2020-12-31 | $4.03 | $1.14 | x |
| 2021-12-31 | $4.08 | $1.14 | x |
| 2022-12-31 | $4.12 | $1.14 | x |
| 2023-12-31 | $3.86 | $1.14 | x |
| 2024-12-31 | $2.57 | $1.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Largo Resources Ltd 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): -30.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -39.89%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.93x
- Recent ROE (-30.23%) is above the historical average (-46.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 0.00% | 0.00% | 0.00x | 0.00x | $-81.43K |
| 2002 | -201.25% | -1754.85% | 0.06x | 1.95x | $-95.95K |
| 2003 | -118.79% | -4366.71% | 0.03x | 1.04x | $-393.49K |
| 2004 | -24.17% | 0.00% | 0.00x | 1.11x | $-919.15K |
| 2005 | -16.36% | 0.00% | 0.00x | 1.13x | $-1.01 Million |
| 2006 | -40.47% | 0.00% | 0.00x | 1.05x | $-3.08 Million |
| 2007 | -39.22% | 0.00% | 0.00x | 1.61x | $-6.65 Million |
| 2008 | -25.00% | 0.00% | 0.00x | 1.45x | $-8.79 Million |
| 2009 | -2.45% | 0.00% | 0.00x | 1.37x | $-4.08 Million |
| 2010 | -7.36% | 0.00% | 0.00x | 1.41x | $-8.04 Million |
| 2011 | -4.00% | 0.00% | 0.00x | 1.86x | $-13.33 Million |
| 2012 | -13.99% | 0.00% | 0.00x | 1.34x | $-43.46 Million |
| 2013 | -6.19% | 0.00% | 0.00x | 1.97x | $-28.44 Million |
| 2014 | -31.60% | 0.00% | 0.00x | 2.52x | $-59.38 Million |
| 2015 | -394.51% | -1710.00% | 0.02x | 9.59x | $-96.03 Million |
| 2016 | -207.37% | -68.48% | 0.23x | 13.17x | $-43.38 Million |
| 2017 | -14.01% | -6.21% | 0.45x | 4.99x | $-14.19 Million |
| 2018 | 80.45% | 60.60% | 0.94x | 1.41x | $203.14 Million |
| 2019 | -12.81% | -25.66% | 0.37x | 1.36x | $-62.36 Million |
| 2020 | 2.74% | 5.63% | 0.40x | 1.20x | $-17.96 Million |
| 2021 | 8.50% | 11.38% | 0.63x | 1.18x | $-4.00 Million |
| 2022 | -0.55% | -0.63% | 0.64x | 1.34x | $-27.99 Million |
| 2023 | -12.27% | -15.27% | 0.50x | 1.60x | $-55.08 Million |
| 2024 | -30.23% | -39.89% | 0.39x | 1.93x | $-66.31 Million |
Industry Comparison
This section compares Largo Resources Ltd'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: $2,860,622,178
- Average return on equity (ROE) among peers: -17.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Largo Resources Ltd (LGO) | $136.15 Million | 0.00% | 1.36x | $57.23 Million |
| Asia Broadband Inc (AABB) | $-613.21K | 0.00% | 0.00x | $228.68 |
| Altair Resources Inc (AAEEF) | $-1.37 Million | 0.00% | 0.00x | $165.38K |
| Aftermath Silver Ltd (AAGFF) | $18.53 Million | -47.33% | 0.52x | $99.81 Million |
| Anglo American plc (AAUKF) | $28.53 Billion | -10.75% | 1.27x | $26.36 Billion |
| Abacus Mining & Exploration Corporation (ABCFF) | $-12.92 Million | 0.00% | 0.00x | $1.95 Million |
| Vision Lithium Inc (ABEPF) | $526.04K | -142.32% | 1.21x | $3.75 Million |
| Arbor Metals Corp (ABRMF) | $584.31K | -19.85% | 0.08x | $3.05 Million |
| ACG Metals Limited (ACGAF) | $58.31 Million | -22.45% | 2.63x | $121.32 Million |
| ACME Lithium Inc (ACLHF) | $-375.11K | 0.00% | 0.00x | $561.74K |
| ACMNF (ACMNF) | $10.55 Million | 67.11% | 0.22x | $14.34 Million |