SilverCrest Metals Inc
SilverCrest Metals Inc. engages in the acquiring, exploration, and development of precious metal properties in Mexico. The company primarily explores for silver and gold properties. Its focuses on principal property the Las Chispas Mine that consists of 28 concessions totaling of approximately 1,401 hectares located in Sonora, Mexico, as well as operates a portfolio of El Picacho, Cruz de Mayo, a… Read more
SilverCrest Metals Inc (SILV) - Net Assets
Latest net assets as of September 2024: $464.18 Million USD
Based on the latest financial reports, SilverCrest Metals Inc (SILV) has net assets worth $464.18 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($527.07 Million) and total liabilities ($62.89 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 | $464.18 Million |
| % of Total Assets | 88.07% |
| Annual Growth Rate | 69.86% |
| 5-Year Change | 326.72% |
| 10-Year Change | N/A |
| Growth Volatility | 51.77 |
SilverCrest Metals Inc - Net Assets Trend (2015–2023)
This chart illustrates how SilverCrest Metals Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SilverCrest Metals Inc (2015–2023)
The table below shows the annual net assets of SilverCrest Metals Inc from 2015 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $400.27 Million | +44.50% |
| 2022-12-31 | $276.99 Million | +3.25% |
| 2021-12-31 | $268.27 Million | +80.05% |
| 2020-12-31 | $149.00 Million | +58.85% |
| 2019-12-31 | $93.80 Million | +59.74% |
| 2018-12-31 | $58.72 Million | +184.15% |
| 2017-12-31 | $20.67 Million | +57.90% |
| 2016-12-31 | $13.09 Million | +126.59% |
| 2015-12-31 | $5.78 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SilverCrest Metals Inc'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 1195068052.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $404.81 Million | 101.13% |
| Other Comprehensive Income | $-3.54 Million | -0.88% |
| Other Components | $11.36 Million | 2.84% |
| Total Equity | $400.27 Million | 100.00% |
SilverCrest Metals Inc Competitors by Market Cap
The table below lists competitors of SilverCrest Metals Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Blue Bird Corp
NASDAQ:BLBD
|
$1.70 Billion |
|
Jinneng Holding Shanxi Coal Industry Co Ltd
SHG:601001
|
$1.70 Billion |
|
Definium Therapeutics, Inc.
NASDAQ:DFTX
|
$1.70 Billion |
|
TeamViewer AG
PINK:TMVWF
|
$1.70 Billion |
|
Nations Technologies Inc
SHE:300077
|
$1.69 Billion |
|
Hunan Changyuan Lico Co Ltd
SHG:688779
|
$1.69 Billion |
|
10X GENOMICS DL -00001
F:1KJ
|
$1.69 Billion |
|
Dunelm Group plc
F:DFQ
|
$1.69 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SilverCrest Metals Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 276,994,000 to 400,266,584, a change of 123,272,584 (44.5%).
- Net income of 116,720,000 contributed positively to equity growth.
- Share repurchases of 7,145,000 reduced equity.
- New share issuances of 3,131,000 increased equity.
- Other comprehensive income increased equity by 10,255,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $116.72 Million | +29.16% |
| Share Repurchases | $7.14 Million | -1.79% |
| Share Issuances | $3.13 Million | +0.78% |
| Other Comprehensive Income | $10.26 Million | +2.56% |
| Other Changes | $311.58K | +0.08% |
| Total Change | $- | 44.50% |
Book Value vs Market Value Analysis
This analysis compares SilverCrest Metals Inc'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: 4.26x
- 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 61.66x to 4.26x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $0.19 | $11.55 | x |
| 2016-12-31 | $0.32 | $11.55 | x |
| 2017-12-31 | $0.42 | $11.55 | x |
| 2018-12-31 | $0.83 | $11.55 | x |
| 2019-12-31 | $1.06 | $11.55 | x |
| 2020-12-31 | $1.21 | $11.55 | x |
| 2021-12-31 | $1.88 | $11.55 | x |
| 2022-12-31 | $1.94 | $11.55 | x |
| 2023-12-31 | $2.71 | $11.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SilverCrest Metals Inc 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): 29.16%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 46.76%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 1.14x
- Recent ROE (29.16%) is above the historical average (-11.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -7.21% | 0.00% | 0.00x | 1.01x | $-993.97K |
| 2016 | -9.90% | 0.00% | 0.00x | 1.02x | $-2.60 Million |
| 2017 | -18.76% | 0.00% | 0.00x | 1.03x | $-5.94 Million |
| 2018 | -7.22% | 0.00% | 0.00x | 1.02x | $-10.11 Million |
| 2019 | -48.37% | 0.00% | 0.00x | 1.04x | $-54.75 Million |
| 2020 | -40.25% | 0.00% | 0.00x | 1.29x | $-74.87 Million |
| 2021 | -8.49% | 0.00% | 0.00x | 1.38x | $-49.59 Million |
| 2022 | 11.30% | 71.94% | 0.12x | 1.28x | $3.60 Million |
| 2023 | 29.16% | 46.76% | 0.55x | 1.14x | $76.69 Million |
Industry Comparison
This section compares SilverCrest Metals Inc'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: $9,705,177,506
- Average return on equity (ROE) among peers: -74.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SilverCrest Metals Inc (SILV) | $464.18 Million | -7.21% | 0.14x | $1.69 Billion |
| AbraSilver Resource Corp (ABBRF) | $3.05 Million | -108.70% | 0.31x | $280.10 Million |
| American Copper Development Corporation (ACDXF) | $-331.64K | 0.00% | 0.00x | $1.96 Million |
| American Creek Resources Ltd (ACKRF) | $2.36 Million | -67.11% | 0.29x | $23.79 Million |
| American Clean Resources Group Inc. (ACRG) | $23.29 Million | -69.73% | 0.66x | $9.52 Million |
| Adyton Resources Corporation (ADYRF) | $14.98 Million | 5.60% | 0.05x | $26.44 Million |
| Austral Gold Limited (AGLDF) | $542.56K | -504.60% | 1.47x | $4.83 Million |
| Anglo American Platinum Limited (AGPPF) | $96.96 Billion | 50.69% | 0.82x | $8.40 Billion |
| Athena Gold Corp (AHNR) | $4.96 Million | -13.77% | 0.26x | $779.22K |
| Alaska Energy Metals Corporation (AKEMF) | $26.15 Million | -33.81% | 0.05x | $14.55 Million |
| ALXPF (ALXPF) | $14.77 Million | -5.14% | 0.08x | $24.72 Million |