NextSource Materials Inc
NextSource Materials Inc. explores for, develops, and evaluates mineral properties in Madagascar and Canada. It operates through Mine Development and Battery Anode Facilities (BAF) Development segments. The company explores for graphite and vanadium deposits. It holds interests in the Molo graphite mine located in the Province of Toliara in Southern Madagascar; the Green Giant Vanadium Project lo… Read more
NextSource Materials Inc (NSRCF) - Net Assets
Latest net assets as of September 2025: $33.82 Million USD
Based on the latest financial reports, NextSource Materials Inc (NSRCF) has net assets worth $33.82 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 ($83.56 Million) and total liabilities ($49.74 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 | $33.82 Million |
| % of Total Assets | 40.48% |
| Annual Growth Rate | 20.54% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 952.72 |
NextSource Materials Inc - Net Assets Trend (2009–2024)
This chart illustrates how NextSource Materials 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 NextSource Materials Inc (2009–2024)
The table below shows the annual net assets of NextSource Materials Inc from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | $52.30 Million | +107.54% |
| 2023-06-30 | $25.20 Million | +922.42% |
| 2022-06-30 | $-3.06 Million | +88.28% |
| 2021-06-30 | $-26.15 Million | -2771.28% |
| 2020-06-30 | $-910.62K | -36.75% |
| 2019-06-30 | $-665.89K | -433.27% |
| 2018-06-30 | $-124.87K | -107.52% |
| 2017-06-30 | $1.66 Million | +2749.14% |
| 2016-06-30 | $58.30K | +114.32% |
| 2015-06-30 | $-407.26K | +76.21% |
| 2014-06-30 | $-1.71 Million | -510.55% |
| 2013-06-30 | $417.00K | -83.96% |
| 2012-06-30 | $2.60 Million | -78.44% |
| 2011-06-30 | $12.06 Million | +392.20% |
| 2010-06-30 | $2.45 Million | -22.79% |
| 2009-06-30 | $3.17 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to NextSource Materials 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 15145206200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $203.76 Million | 389.57% |
| Total Equity | $52.30 Million | 100.00% |
NextSource Materials Inc Competitors by Market Cap
The table below lists competitors of NextSource Materials Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
VANTIVA SA
PA:VANTI
|
$40.08 Million |
|
NGL Fine-Chem Limited
NSE:NGLFINE
|
$40.08 Million |
|
ETTEPLAN OYI
F:EPL
|
$40.09 Million |
|
MGI Digital Technology Société Anonyme
PINK:FRIIF
|
$40.10 Million |
|
Saga Communications Inc
NASDAQ:SGA
|
$40.06 Million |
|
Food Moments PCL
BK:FM
|
$40.04 Million |
|
F&F Holdings Co. Ltd
KO:007700
|
$40.03 Million |
|
FitLife Brands, Inc. Common Stock
NASDAQ:FTLF
|
$39.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NextSource Materials Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 25,201,935 to 52,303,004, a change of 27,101,069 (107.5%).
- Net loss of 9,000,028 reduced equity.
- New share issuances of 37,750,585 increased equity.
- Other factors decreased equity by 1,649,488.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-9.00 Million | -17.21% |
| Share Issuances | $37.75 Million | +72.18% |
| Other Changes | $-1.65 Million | -3.15% |
| Total Change | $- | 107.54% |
Book Value vs Market Value Analysis
This analysis compares NextSource Materials 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: 0.66x
- 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 6.11x to 0.66x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | $0.04 | $0.22 | x |
| 2018-06-30 | $0.00 | $0.22 | x |
| 2019-06-30 | $-0.01 | $0.22 | x |
| 2020-06-30 | $-0.02 | $0.22 | x |
| 2021-06-30 | $-0.27 | $0.22 | x |
| 2022-06-30 | $-0.03 | $0.22 | x |
| 2023-06-30 | $0.16 | $0.22 | x |
| 2024-06-30 | $0.34 | $0.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NextSource Materials 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): -17.21%
- 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: 1.78x
- Recent ROE (-17.21%) is above the historical average (-271.53%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $-11.01 Million |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-6.03 Million |
| 2016 | -2802.30% | 0.00% | 0.00x | 10.16x | $-1.64 Million |
| 2017 | -240.78% | 0.00% | 0.00x | 1.25x | $-4.17 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.77 Million |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-3.14 Million |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-886.57K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-39.35 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $16.43 Million |
| 2023 | 73.51% | 0.00% | 0.00x | 2.10x | $16.01 Million |
| 2024 | -17.21% | 0.00% | 0.00x | 1.78x | $-14.23 Million |
Industry Comparison
This section compares NextSource Materials 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 |
|---|---|---|---|---|
| NextSource Materials Inc (NSRCF) | $33.82 Million | 0.00% | 1.47x | $40.06 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 |