Fathom Nickel Inc
Fathom Nickel Inc., an exploration stage company, engages in identification, acquisition, and exploration of the base and precious metals for use in electric vehicle and battery markets in Canada. It primarily explores for nickel, copper, palladium, and platinum deposits. The company's flagship project is the Albert Lake Project which consists of 31 mineral claims covering an area of 90,460 hecta… Read more
Fathom Nickel Inc (FNICF) - Net Assets
Latest net assets as of September 2025: $19.02 Million USD
Based on the latest financial reports, Fathom Nickel Inc (FNICF) has net assets worth $19.02 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 ($19.18 Million) and total liabilities ($163.50K). 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 | $19.02 Million |
| % of Total Assets | 99.15% |
| Annual Growth Rate | 87.24% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 328.08 |
Fathom Nickel Inc - Net Assets Trend (2020–2024)
This chart illustrates how Fathom 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 Fathom Nickel Inc (2020–2024)
The table below shows the annual net assets of Fathom Nickel Inc from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $18.19 Million | +3.34% |
| 2023-12-31 | $17.61 Million | +30.37% |
| 2022-12-31 | $13.50 Million | +4.85% |
| 2021-12-31 | $12.88 Million | +770.11% |
| 2020-12-31 | $1.48 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fathom 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 896225200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $27.76 Million | 152.60% |
| Total Equity | $18.19 Million | 100.00% |
Fathom Nickel Inc Competitors by Market Cap
The table below lists competitors of Fathom Nickel Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wijaya Cahaya Timber
JK:FWCT
|
$2.74 Million |
|
Vitania Ltd
TA:VTNA
|
$2.74 Million |
|
Victory Resources Corporation
PINK:VRCFF
|
$2.74 Million |
|
Olympio Metals Ltd
AU:OLY
|
$2.75 Million |
|
Fast Finance Pay Corp.
PINK:FFPP
|
$2.74 Million |
|
Winfarm
PA:ALWF
|
$2.74 Million |
|
Oragenics Inc
NYSE MKT:OGEN
|
$2.74 Million |
|
Tirta Mahakam Resources Tbk
JK:TIRT
|
$2.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fathom Nickel Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 17,605,402 to 18,193,607, a change of 588,205 (3.3%).
- Net loss of 1,003,259 reduced equity.
- New share issuances of 1,508,214 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.00 Million | -5.51% |
| Share Issuances | $1.51 Million | +8.29% |
| Other Changes | $83.25K | +0.46% |
| Total Change | $- | 3.34% |
Book Value vs Market Value Analysis
This analysis compares Fathom 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: 0.15x
- 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 0.55x to 0.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $0.03 | $0.02 | x |
| 2021-12-31 | $0.23 | $0.02 | x |
| 2022-12-31 | $0.16 | $0.02 | x |
| 2023-12-31 | $0.14 | $0.02 | x |
| 2024-12-31 | $0.12 | $0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fathom 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): -5.51%
- 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: 1.03x
- Recent ROE (-5.51%) is above the historical average (-12.94%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -2.11% | 0.00% | 0.00x | 1.03x | $-179.26K |
| 2021 | -36.94% | 0.00% | 0.00x | 1.12x | $-6.05 Million |
| 2022 | -8.49% | 0.00% | 0.00x | 1.05x | $-2.50 Million |
| 2023 | -11.67% | 0.00% | 0.00x | 1.04x | $-3.82 Million |
| 2024 | -5.51% | 0.00% | 0.00x | 1.03x | $-2.82 Million |
Industry Comparison
This section compares Fathom 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 |
|---|---|---|---|---|
| Fathom Nickel Inc (FNICF) | $19.02 Million | -2.11% | 0.01x | $2.74 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 |