First Phosphate Corp.
First Phosphate Corp. operates as a mineral exploration, development, and cleantech company. The company engages in acquiring, exploring, and developing igneous anorthosite rock mineral properties in the Saguenay-Lac-St-Jean Region of Quebec for developing and producing apatite concentrate, magnetite concentrate, and ilmenite concentrate. Its flagship property is Bégin-Lamarche Property in Saguen… Read more
First Phosphate Corp. (FRSPF) - Net Assets
Latest net assets as of February 2025: $6.39 Million USD
Based on the latest financial reports, First Phosphate Corp. (FRSPF) has net assets worth $6.39 Million USD as of February 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.45 Million) and total liabilities ($1.06 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 | $6.39 Million |
| % of Total Assets | 85.76% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 51.55 |
First Phosphate Corp. - Net Assets Trend (2020–2025)
This chart illustrates how First Phosphate 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 Phosphate Corp. (2020–2025)
The table below shows the annual net assets of First Phosphate Corp. from 2020 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-02-28 | $6.39 Million | -31.37% |
| 2024-02-29 | $9.31 Million | +71.74% |
| 2023-02-28 | $5.42 Million | +7560.76% |
| 2022-02-28 | $-72.68K | -790.55% |
| 2021-02-28 | $-8.16K | +63.73% |
| 2020-02-29 | $-22.50K | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Phosphate 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 1923842400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (February 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $35.97 Million | 562.74% |
| Total Equity | $6.39 Million | 100.00% |
First Phosphate Corp. Competitors by Market Cap
The table below lists competitors of First Phosphate Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CervoMed Inc.
NASDAQ:CRVO
|
$24.88 Million |
|
Kobay Tech Bhd
KLSE:6971
|
$24.88 Million |
|
EuroDry Ltd
NASDAQ:EDRY
|
$24.88 Million |
|
Sharp Therapeutics Corp.
V:SHRX
|
$24.89 Million |
|
Honyi International Company Limited
TWO:4530
|
$24.87 Million |
|
E& Corporation CO. LTD
KQ:066980
|
$24.87 Million |
|
Hexagon Purus ASA
PINK:HPURF
|
$24.87 Million |
|
XTANT MEDICAL HLDGS
F:XMS
|
$24.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Phosphate Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,312,374 to 6,391,331, a change of -2,921,043 (-31.4%).
- Net loss of 7,627,414 reduced equity.
- New share issuances of 2,695,459 increased equity.
- Other factors increased equity by 2,010,912.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-7.63 Million | -119.34% |
| Share Issuances | $2.70 Million | +42.17% |
| Other Changes | $2.01 Million | +31.46% |
| Total Change | $- | -31.37% |
Book Value vs Market Value Analysis
This analysis compares First Phosphate 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: 2.63x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-02-29 | $0.00 | $0.19 | x |
| 2021-02-28 | $0.00 | $0.19 | x |
| 2022-02-28 | $0.00 | $0.19 | x |
| 2023-02-28 | $0.11 | $0.19 | x |
| 2024-02-29 | $0.13 | $0.19 | x |
| 2025-02-28 | $0.07 | $0.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Phosphate 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): -119.34%
- 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: 1.17x
- Recent ROE (-119.34%) is below the historical average (-44.53%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-14.00K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-64.84K |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-57.25K |
| 2023 | -58.80% | 0.00% | 0.00x | 1.09x | $-3.73 Million |
| 2024 | -89.05% | 0.00% | 0.00x | 1.40x | $-9.22 Million |
| 2025 | -119.34% | 0.00% | 0.00x | 1.17x | $-8.27 Million |
Industry Comparison
This section compares First Phosphate 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 |
|---|---|---|---|---|
| First Phosphate Corp. (FRSPF) | $6.39 Million | 0.00% | 0.17x | $24.87 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 |