GBMID
Green Battery Minerals Inc. engages in the acquisition, exploration, and development of natural resource properties in Canada. The company explores for gold, lithium, and graphite. Its flagship project is the 100% owned Berkwood graphite project consisting of 74 claims totaling 5,714 hectares. The company was formerly known as Goldcore Resources Ltd. and changed its name to Green Battery Minerals… Read more
GBMID (GBMID) - Net Assets
Latest net assets as of August 2024: $1.34 Million USD
Based on the latest financial reports, GBMID (GBMID) has net assets worth $1.34 Million USD as of August 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.93 Million) and total liabilities ($584.57K). 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 | $1.34 Million |
| % of Total Assets | 69.68% |
| Annual Growth Rate | -13.5% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 68.31 |
GBMID - Net Assets Trend (2021–2024)
This chart illustrates how GBMID's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for GBMID (2021–2024)
The table below shows the annual net assets of GBMID from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-02-29 | $1.71 Million | -29.79% |
| 2023-02-28 | $2.43 Million | -54.22% |
| 2022-02-28 | $5.31 Million | +101.35% |
| 2021-02-28 | $2.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to GBMID'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 747120100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (February 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $44.90 Million | 2630.82% |
| Total Equity | $1.71 Million | 100.00% |
GBMID Competitors by Market Cap
The table below lists competitors of GBMID ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Coniagas Battery Metals Inc.
V:COS
|
$480.41 |
|
CMO Group PLC
LSE:CMO
|
$481.61 |
|
Joh. Friedrich Behrens AG
STU:JFB
|
$481.66 |
|
Invesco Asia Dragon Trust plc
LSE:IAD
|
$482.85 |
|
Faction Investment Group Corp.
V:FINV-P
|
$479.93 |
|
Silverton Energy Inc
PINK:SLTN
|
$479.86 |
|
SOUP RESTAURANT GRP
MU:SR6
|
$479.79 |
|
BOTSWANA BUILDING SOCIETY LIMITED
XBOT:BBS-EQO
|
$479.47 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GBMID's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,430,922 to 1,706,859, a change of -724,063 (-29.8%).
- Net loss of 1,784,254 reduced equity.
- Other factors increased equity by 1,060,191.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.78 Million | -104.53% |
| Other Changes | $1.06 Million | +62.11% |
| Total Change | $- | -29.79% |
Book Value vs Market Value Analysis
This analysis compares GBMID'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: 0.26x
- 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 increased from 0.07x to 0.26x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-02-28 | $0.66 | $0.05 | x |
| 2022-02-28 | $0.77 | $0.05 | x |
| 2023-02-28 | $0.32 | $0.05 | x |
| 2024-02-29 | $0.19 | $0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GBMID 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): -104.53%
- 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: 1.21x
- Recent ROE (-104.53%) is below the historical average (-93.31%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -89.31% | 0.00% | 0.00x | 1.04x | $-2.62 Million |
| 2022 | -46.06% | 0.00% | 0.00x | 1.01x | $-2.98 Million |
| 2023 | -133.33% | 0.00% | 0.00x | 1.07x | $-3.48 Million |
| 2024 | -104.53% | 0.00% | 0.00x | 1.21x | $-1.95 Million |
Industry Comparison
This section compares GBMID'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 |
|---|---|---|---|---|
| GBMID (GBMID) | $1.34 Million | -89.31% | 0.44x | $480.19 |
| 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 |