First Nordic Metals Corp
First Nordic Metals Corp., a junior exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Sweden and Finland. It primarily explores for iron ore, gold, silver, copper, lead, uranium, and zinc deposits. The company's flagship project is the 45% Barsele Gold Project that covers an area of approximately 24,980 hectares located in Västerbottens L… Read more
First Nordic Metals Corp (FNMCF) - Net Assets
Latest net assets as of September 2025: $22.25 Million USD
Based on the latest financial reports, First Nordic Metals Corp (FNMCF) has net assets worth $22.25 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 ($27.22 Million) and total liabilities ($4.97 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 | $22.25 Million |
| % of Total Assets | 81.75% |
| Annual Growth Rate | 236.88% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 22290.84 |
First Nordic Metals Corp - Net Assets Trend (2020–2024)
This chart illustrates how First Nordic Metals 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 First Nordic Metals Corp (2020–2024)
The table below shows the annual net assets of First Nordic Metals Corp from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | $23.20 Million | +51556.50% |
| 2023-09-30 | $44.91K | -96.25% |
| 2022-09-30 | $1.20 Million | +232.32% |
| 2021-09-30 | $360.43K | +100.11% |
| 2020-09-30 | $180.12K | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Nordic Metals 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 decreased by 1750019800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $52.51 Million | 226.36% |
| Total Equity | $23.20 Million | 100.00% |
First Nordic Metals Corp Competitors by Market Cap
The table below lists competitors of First Nordic Metals Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Y-S Electronic Co Ltd
TWO:6418
|
$22.34 Million |
|
Great Elm Group Inc
NASDAQ:GEG
|
$22.34 Million |
|
YeaRimDang Publishing Co. Ltd
KQ:036000
|
$22.34 Million |
|
NUUO Inc.
TWO:6419
|
$22.35 Million |
|
Tien Liang BioTech Co., Ltd.
TWO:4127
|
$22.32 Million |
|
Arogo Capital Acquisition Corp
NASDAQ:AOGO
|
$22.32 Million |
|
First Bancshares Inc. (Bellevue OH)
PINK:FIBH
|
$22.31 Million |
|
Groupe CRIT SA
PA:CEN
|
$22.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Nordic Metals Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 44,911 to 23,199,450, a change of 23,154,539 (51556.5%).
- Net loss of 10,864,315 reduced equity.
- New share issuances of 12,712,728 increased equity.
- Other factors increased equity by 21,306,126.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-10.86 Million | -46.83% |
| Share Issuances | $12.71 Million | +54.8% |
| Other Changes | $21.31 Million | +91.84% |
| Total Change | $- | 51556.50% |
Book Value vs Market Value Analysis
This analysis compares First Nordic Metals 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: 0.90x
- 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 219.57x to 0.90x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-09-30 | $0.00 | $0.32 | x |
| 2021-09-30 | $0.00 | $0.32 | x |
| 2022-09-30 | $0.01 | $0.32 | x |
| 2023-09-30 | $0.00 | $0.32 | x |
| 2024-09-30 | $0.35 | $0.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Nordic Metals 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): -46.83%
- 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: 1.14x
- Recent ROE (-46.83%) is above the historical average (-1149.46%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -620.25% | 0.00% | 0.00x | 1.33x | $-1.14 Million |
| 2021 | -871.95% | 0.00% | 0.00x | 1.10x | $-3.18 Million |
| 2022 | -139.06% | 0.00% | 0.00x | 1.11x | $-1.79 Million |
| 2023 | -4069.22% | 0.00% | 0.00x | 11.20x | $-1.83 Million |
| 2024 | -46.83% | 0.00% | 0.00x | 1.14x | $-13.18 Million |
Industry Comparison
This section compares First Nordic Metals Corp'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 |
|---|---|---|---|---|
| First Nordic Metals Corp (FNMCF) | $22.25 Million | -620.25% | 0.22x | $22.33 Million |
| 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 |