Lithium South Development Corporation
Lithium South Development Corporation, an exploration stage junior mining company, engages in the identification, acquisition, and exploration of mineral properties in Argentina. Its flagship property is the Hombre Muerto North lithium brine project consist of nine mining concessions that covers approximately an area of 5,687 hectares located in the Salta Province, Argentina. The company was form… Read more
Lithium South Development Corporation (LISMF) - Net Assets
Latest net assets as of September 2025: $11.41 Million USD
Based on the latest financial reports, Lithium South Development Corporation (LISMF) has net assets worth $11.41 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 ($12.61 Million) and total liabilities ($1.20 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 | $11.41 Million |
| % of Total Assets | 90.49% |
| Annual Growth Rate | 10.57% |
| 5-Year Change | 214.77% |
| 10-Year Change | N/A |
| Growth Volatility | 239.96 |
Lithium South Development Corporation - Net Assets Trend (2017–2024)
This chart illustrates how Lithium South Development Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Lithium South Development Corporation (2017–2024)
The table below shows the annual net assets of Lithium South Development Corporation from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $11.92 Million | -11.65% |
| 2023-12-31 | $13.49 Million | -35.40% |
| 2022-12-31 | $20.89 Million | -18.12% |
| 2021-12-31 | $25.51 Million | +573.51% |
| 2020-12-31 | $3.79 Million | +387.88% |
| 2019-12-31 | $776.30K | -45.00% |
| 2018-12-31 | $1.41 Million | -76.08% |
| 2017-12-31 | $5.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lithium South Development Corporation'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 4340812900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $88.70 Million | 744.06% |
| Total Equity | $11.92 Million | 100.00% |
Lithium South Development Corporation Competitors by Market Cap
The table below lists competitors of Lithium South Development Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ABX Group Ltd
AU:ABX
|
$8.08 Million |
|
Alfa Energi Investama Tbk PT
JK:FIRE
|
$8.09 Million |
|
JKG Land Bhd
KLSE:6769
|
$8.09 Million |
|
ZincX Resources Corp
PINK:ZNCXF
|
$8.09 Million |
|
Omax Autos Limited
NSE:OMAXAUTO
|
$8.08 Million |
|
Buana Listya Tama Tbk PT
JK:BULL
|
$8.08 Million |
|
36Kr Holdings Inc
NASDAQ:KRKR
|
$8.08 Million |
|
Global Star Acquisition, Inc. Class A Common Stock
NASDAQ:GLST
|
$8.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lithium South Development Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,493,884 to 11,921,648, a change of -1,572,236 (-11.7%).
- Net loss of 5,286,414 reduced equity.
- New share issuances of 3,700,528 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-5.29 Million | -44.34% |
| Share Issuances | $3.70 Million | +31.04% |
| Other Changes | $13.65K | +0.11% |
| Total Change | $- | -11.65% |
Book Value vs Market Value Analysis
This analysis compares Lithium South Development Corporation'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: 0.67x
- 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 0.05x to 0.67x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $1.39 | $0.07 | x |
| 2018-12-31 | $0.25 | $0.07 | x |
| 2019-12-31 | $0.11 | $0.07 | x |
| 2020-12-31 | $0.14 | $0.07 | x |
| 2021-12-31 | $0.28 | $0.07 | x |
| 2022-12-31 | $0.22 | $0.07 | x |
| 2023-12-31 | $0.14 | $0.07 | x |
| 2024-12-31 | $0.11 | $0.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lithium South Development Corporation 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): -44.34%
- 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: 1.09x
- Recent ROE (-44.34%) is above the historical average (-123.19%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 43.51% | 0.00% | 0.00x | 1.09x | $1.98 Million |
| 2018 | -549.65% | 0.00% | 0.00x | 1.39x | $-7.90 Million |
| 2019 | -217.95% | 0.00% | 0.00x | 4.08x | $-1.77 Million |
| 2020 | -78.85% | 0.00% | 0.00x | 1.38x | $-3.37 Million |
| 2021 | -31.53% | 0.00% | 0.00x | 1.00x | $-10.59 Million |
| 2022 | -43.95% | 0.00% | 0.00x | 1.02x | $-11.27 Million |
| 2023 | -62.71% | 0.00% | 0.00x | 1.04x | $-9.81 Million |
| 2024 | -44.34% | 0.00% | 0.00x | 1.09x | $-6.48 Million |
Industry Comparison
This section compares Lithium South Development Corporation'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 |
|---|---|---|---|---|
| Lithium South Development Corporation (LISMF) | $11.41 Million | 43.51% | 0.11x | $8.08 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 |