EV Nickel Inc
EV Nickel Inc., a nickel exploration company, engages in the acquisition, evaluation, and exploration for mineral properties in Canada. The company also explores nickel and copper deposits. It holds interests in the Langmuir project that comprises 212 claims located in Timmins, Ontario; and the Shaw Dome project, which includes 945 mining claims covering approximately 21,000 hectares located sout… Read more
EV Nickel Inc (EVNIF) - Net Assets
Latest net assets as of September 2025: $4.58 Million USD
Based on the latest financial reports, EV Nickel Inc (EVNIF) has net assets worth $4.58 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 ($4.93 Million) and total liabilities ($343.46K). 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 | $4.58 Million |
| % of Total Assets | 93.03% |
| Annual Growth Rate | 47.27% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 65.45 |
EV Nickel Inc - Net Assets Trend (2021–2024)
This chart illustrates how EV Nickel 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 EV Nickel Inc (2021–2024)
The table below shows the annual net assets of EV Nickel Inc from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | $4.74 Million | +846.36% |
| 2023-06-30 | $-634.65K | -163.54% |
| 2022-06-30 | $998.75K | -32.64% |
| 2021-06-30 | $1.48 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to EV Nickel 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 1038130700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $18.09 Million | 381.94% |
| Total Equity | $4.74 Million | 100.00% |
EV Nickel Inc Competitors by Market Cap
The table below lists competitors of EV Nickel Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CXApp Inc.
NASDAQ:CXAI
|
$6.50 Million |
|
Intelligent Bio Solutions Inc.
NASDAQ:INBS
|
$6.50 Million |
|
Diversified Gateway Solutions Bhd
KLSE:0131
|
$6.51 Million |
|
Yuasa Battery (Thailand) Public Company Limited
BK:YUASA
|
$6.51 Million |
|
DTREF
PINK:DTREF
|
$6.50 Million |
|
TNF Pharmaceuticals, Inc.
NASDAQ:TNFA
|
$6.50 Million |
|
Eugene Special Purpose Acquisitions 4 Company
KQ:321260
|
$6.50 Million |
|
Roadman Investments Corp
V:LITT
|
$6.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in EV Nickel Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -634,647 to 4,736,782, a change of 5,371,429.
- Net loss of 2,792,647 reduced equity.
- New share issuances of 7,226,723 increased equity.
- Other factors increased equity by 937,353.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.79 Million | -58.96% |
| Share Issuances | $7.23 Million | +152.57% |
| Other Changes | $937.35K | +19.79% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares EV Nickel 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: 3.47x
- 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 increased from 3.23x to 3.47x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-06-30 | $0.05 | $0.15 | x |
| 2022-06-30 | $0.03 | $0.15 | x |
| 2023-06-30 | $-0.01 | $0.15 | x |
| 2024-06-30 | $0.04 | $0.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently EV Nickel 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): -58.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.38x
- Recent ROE (-58.96%) is above the historical average (-195.87%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -200.57% | 0.00% | 0.00x | 1.13x | $-3.12 Million |
| 2022 | -523.95% | 0.00% | 0.00x | 2.52x | $-5.33 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-4.09 Million |
| 2024 | -58.96% | 0.00% | 0.00x | 1.38x | $-3.27 Million |
Industry Comparison
This section compares EV Nickel Inc'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 |
|---|---|---|---|---|
| EV Nickel Inc (EVNIF) | $4.58 Million | -200.57% | 0.07x | $6.50 Million |
| 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 |