First Energy Metals Ltd
Linear Minerals Corp., a junior resource company, engages in the exploration and development of mineral properties in Canada. The company explores for lithium deposits. Its flagship property is the Augustus Lithium property that includes 21 mineral claims covering an area of approximately 900 hectares located in the Abitibi area of Western Quebec. The company was formerly known as FE Battery Meta… Read more
First Energy Metals Ltd (FEMFF) - Net Assets
Latest net assets as of December 2024: $7.73 Million USD
Based on the latest financial reports, First Energy Metals Ltd (FEMFF) has net assets worth $7.73 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($8.50 Million) and total liabilities ($767.50K). 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 | $7.73 Million |
| % of Total Assets | 90.97% |
| Annual Growth Rate | 94.87% |
| 5-Year Change | 5810.06% |
| 10-Year Change | N/A |
| Growth Volatility | 581.57 |
First Energy Metals Ltd - Net Assets Trend (2018–2024)
This chart illustrates how First Energy Metals 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 First Energy Metals Ltd (2018–2024)
The table below shows the annual net assets of First Energy Metals Ltd from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-03-31 | $8.65 Million | -8.98% |
| 2023-03-31 | $9.50 Million | +46.71% |
| 2022-03-31 | $6.47 Million | +161.57% |
| 2021-03-31 | $2.48 Million | +1591.99% |
| 2020-03-31 | $146.30K | -27.33% |
| 2019-03-31 | $201.33K | +27.65% |
| 2018-03-31 | $157.73K | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Energy Metals 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 2065736500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $64.83 Million | 749.75% |
| Total Equity | $8.65 Million | 100.00% |
First Energy Metals Ltd Competitors by Market Cap
The table below lists competitors of First Energy Metals Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
RBR Group Ltd
AU:RBR
|
$713.86K |
|
Elron Electronic Industries Ltd
TA:ELRN
|
$715.25K |
|
Hydromer Inc
PINK:HYDI
|
$715.85K |
|
Solstice Advanced Materials, Inc
NASDAQ:SOLS
|
$716.63K |
|
SS&C TECH HLDGS
BE:WGSA
|
$713.38K |
|
Coreo AG
F:CORE
|
$712.58K |
|
BOOZ ALLEN HAM-A
BE:BZ9
|
$712.46K |
|
Hestia Insight Inc
OTCQB:HSTA
|
$712.45K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Energy Metals Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,499,471 to 8,646,363, a change of -853,108 (-9.0%).
- Net loss of 6,635,073 reduced equity.
- Other factors increased equity by 5,781,965.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-6.64 Million | -76.74% |
| Other Changes | $5.78 Million | +66.87% |
| Total Change | $- | -8.98% |
Book Value vs Market Value Analysis
This analysis compares First Energy Metals 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: 0.07x
- 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.
- The price-to-book ratio has decreased from 0.96x to 0.07x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-03-31 | $0.01 | $0.01 | x |
| 2019-03-31 | $0.01 | $0.01 | x |
| 2020-03-31 | $0.00 | $0.01 | x |
| 2021-03-31 | $0.05 | $0.01 | x |
| 2023-03-31 | $0.23 | $0.01 | x |
| 2024-03-31 | $0.17 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Energy Metals 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): -76.74%
- 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: 1.08x
- Recent ROE (-76.74%) is above the historical average (-213.73%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -546.73% | 0.00% | 0.00x | 2.62x | $-878.12K |
| 2019 | -334.32% | 0.00% | 0.00x | 1.62x | $-693.23K |
| 2020 | -305.97% | 0.00% | 0.00x | 2.54x | $-462.26K |
| 2021 | -99.37% | 0.00% | 0.00x | 1.28x | $-2.71 Million |
| 2022 | -72.45% | 0.00% | 0.00x | 1.07x | $-5.34 Million |
| 2023 | -60.54% | 0.00% | 0.00x | 1.37x | $-6.70 Million |
| 2024 | -76.74% | 0.00% | 0.00x | 1.08x | $-7.50 Million |
Industry Comparison
This section compares First Energy Metals 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: $2,436,539,064
- Average return on equity (ROE) among peers: -72.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Energy Metals Ltd (FEMFF) | $7.73 Million | -546.73% | 0.10x | $713.72K |
| 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 |