MP Materials Corp
MP Materials Corp., together with its subsidiaries, produces rare earth materials in the Western Hemisphere. The company operates in two segments, Materials and Magnetics. The Materials segment owns and operates the Mountain Pass Rare Earth Mine and Processing facility located near Mountain Pass, San Bernardino County, California. The Magnetics segment produces magnetic precursor products. The co… Read more
MP Materials Corp (MP) - Net Assets
Latest net assets as of September 2025: $2.38 Billion USD
Based on the latest financial reports, MP Materials Corp (MP) has net assets worth $2.38 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.80 Billion) and total liabilities ($1.42 Billion). 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 | $2.38 Billion |
| % of Total Assets | 62.62% |
| Annual Growth Rate | N/A |
| 5-Year Change | 23.54% |
| 10-Year Change | N/A |
| Growth Volatility | 19.7 |
MP Materials Corp - Net Assets Trend (2018–2024)
This chart illustrates how MP Materials Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for MP Materials Corp (2018–2024)
The table below shows the annual net assets of MP Materials Corp from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.05 Billion | -22.76% |
| 2023-12-31 | $1.37 Billion | +4.05% |
| 2022-12-31 | $1.31 Billion | +30.13% |
| 2021-12-31 | $1.01 Billion | +18.14% |
| 2020-12-31 | $853.88 Million | +4837.97% |
| 2019-12-31 | $-18.02 Million | -59.95% |
| 2018-12-31 | $-11.27 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MP Materials Corp'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 35434400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $320.30 Million | 30.36% |
| Common Stock | $18.00K | 0.00% |
| Other Comprehensive Income | $173.00K | 0.02% |
| Other Components | $734.39 Million | 69.62% |
| Total Equity | $1.05 Billion | 100.00% |
MP Materials Corp Competitors by Market Cap
The table below lists competitors of MP Materials Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hindustan Aeronautics Limited
NSE:HAL
|
$8.44 Billion |
|
National Retail Properties Inc
NYSE:NNN
|
$8.46 Billion |
|
Qiagen NV
NYSE:QGEN
|
$8.48 Billion |
|
Shennan Circuits Co Ltd Class A
SHE:002916
|
$8.50 Billion |
|
Obayashi Corporation
PINK:OBYCF
|
$8.43 Billion |
|
SK Holdings Co Ltd
KO:034730
|
$8.42 Billion |
|
Anglo American Platinum Limited
PINK:AGPPF
|
$8.40 Billion |
|
Wayfair Inc
NYSE:W
|
$8.40 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MP Materials Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,365,779,000 to 1,054,880,000, a change of -310,899,000 (-22.8%).
- Net loss of 65,424,000 reduced equity.
- Share repurchases of 225,068,000 reduced equity.
- Other comprehensive income increased equity by 28,000.
- Other factors decreased equity by 20,435,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-65.42 Million | -6.2% |
| Share Repurchases | $225.07 Million | -21.34% |
| Other Comprehensive Income | $28.00K | +0.0% |
| Other Changes | $-20.43 Million | -1.94% |
| Total Change | $- | -22.76% |
Book Value vs Market Value Analysis
This analysis compares MP Materials Corp'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: 9.55x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $-0.16 | $59.30 | x |
| 2019-12-31 | $-0.26 | $59.30 | x |
| 2020-12-31 | $10.71 | $59.30 | x |
| 2021-12-31 | $5.31 | $59.30 | x |
| 2022-12-31 | $6.79 | $59.30 | x |
| 2023-12-31 | $7.67 | $59.30 | x |
| 2024-12-31 | $6.21 | $59.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MP Materials Corp 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): -6.20%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -32.09%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 2.21x
- Recent ROE (-6.20%) is below the historical average (4.06%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.00% | -19.97% | 0.70x | 0.00x | $-12.34 Million |
| 2019 | 0.00% | -9.20% | 0.72x | 0.00x | $-4.95 Million |
| 2020 | -2.56% | -16.25% | 0.13x | 1.26x | $-107.21 Million |
| 2021 | 13.39% | 40.68% | 0.18x | 1.87x | $34.16 Million |
| 2022 | 22.02% | 54.79% | 0.24x | 1.70x | $157.74 Million |
| 2023 | 1.78% | 9.59% | 0.11x | 1.71x | $-112.27 Million |
| 2024 | -6.20% | -32.09% | 0.09x | 2.21x | $-170.91 Million |
Industry Comparison
This section compares MP Materials Corp'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: $2,436,539,064
- Average return on equity (ROE) among peers: -72.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MP Materials Corp (MP) | $2.38 Billion | 0.00% | 0.60x | $8.43 Billion |
| Asia Broadband Inc (AABB) | $-384.18K | 0.00% | 0.00x | $228.54 |
| Altair Resources Inc (AAEEF) | $519.85K | -583.77% | 3.27x | $165.38K |
| Aftermath Silver Ltd (AAGFF) | $26.16 Million | -26.37% | 0.41x | $99.81 Million |
| Anglo American plc (AAUKF) | $24.32 Billion | 6.55% | 1.06x | $26.36 Billion |
| Abacus Mining & Exploration Corporation (ABCFF) | $-123.88K | 0.00% | 0.00x | $1.95 Million |
| Vision Lithium Inc (ABEPF) | $-384.45K | 0.00% | 0.00x | $3.75 Million |
| Arbor Metals Corp (ABRMF) | $700.32K | -22.12% | 0.03x | $3.05 Million |
| ACG Metals Limited (ACGAF) | $3.51 Million | -77.72% | 0.31x | $121.32 Million |
| ACME Lithium Inc (ACLHF) | $-1.00 Million | 0.00% | 0.00x | $561.74K |
| ACMNF (ACMNF) | $11.40 Million | -19.68% | 0.16x | $14.34 Million |