Stratabound Minerals Corp
Lode Gold Resources Inc., together with its subsidiaries, engages in the acquisition and exploration of mineral resource properties in North America. The company primarily explores for lead, zinc, silver, copper, gold, and cobalt deposits. Its flagship project is the Fremont Gold project located in the Mariposa County, California; and the Dingman Gold project consists of certain mineral claims th… Read more
Stratabound Minerals Corp (SBMIF) - Net Assets
Latest net assets as of September 2024: $22.18 Million USD
Based on the latest financial reports, Stratabound Minerals Corp (SBMIF) has net assets worth $22.18 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($27.47 Million) and total liabilities ($5.29 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 | $22.18 Million |
| % of Total Assets | 80.73% |
| Annual Growth Rate | N/A |
| 5-Year Change | 614.42% |
| 10-Year Change | N/A |
| Growth Volatility | 102.47 |
Stratabound Minerals Corp - Net Assets Trend (2016–2023)
This chart illustrates how Stratabound Minerals 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 Stratabound Minerals Corp (2016–2023)
The table below shows the annual net assets of Stratabound Minerals Corp from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $21.57 Million | +5.07% |
| 2022-12-31 | $20.53 Million | -2.41% |
| 2021-12-31 | $21.04 Million | +86.67% |
| 2020-12-31 | $11.27 Million | +273.22% |
| 2019-12-31 | $3.02 Million | +20.54% |
| 2018-12-31 | $2.50 Million | +184.74% |
| 2017-12-31 | $879.72K | +2397.82% |
| 2016-12-31 | $-38.28K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Stratabound Minerals 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 810998600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $44.53 Million | 206.42% |
| Total Equity | $21.57 Million | 100.00% |
Stratabound Minerals Corp Competitors by Market Cap
The table below lists competitors of Stratabound Minerals Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MM2 ASIA LTD
F:1MMA
|
$2.73 Million |
|
Lanakam S.A
AT:LANAC
|
$2.73 Million |
|
Synlogic Inc
NASDAQ:SYBX
|
$2.73 Million |
|
Turism Felix B
RO:TUFE
|
$2.73 Million |
|
Richy Place 2002 Public Company Limited
BK:RICHY
|
$2.72 Million |
|
Western Gold Exploration Ltd
V:WGLD
|
$2.72 Million |
|
1414 Degrees Ltd
AU:14D
|
$2.72 Million |
|
SecMark Consultancy Limited
NSE:SECMARK
|
$2.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Stratabound Minerals Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 20,531,225 to 21,572,229, a change of 1,041,004 (5.1%).
- Net loss of 819,691 reduced equity.
- New share issuances of 125,000 increased equity.
- Other factors increased equity by 1,735,695.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-819.69K | -3.8% |
| Share Issuances | $125.00K | +0.58% |
| Other Changes | $1.74 Million | +8.05% |
| Total Change | $- | 5.07% |
Book Value vs Market Value Analysis
This analysis compares Stratabound Minerals 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: 0.18x
- 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 4.39x to 0.18x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $0.03 | $0.14 | x |
| 2018-12-31 | $0.07 | $0.14 | x |
| 2019-12-31 | $0.07 | $0.14 | x |
| 2020-12-31 | $0.13 | $0.14 | x |
| 2021-12-31 | $1.22 | $0.14 | x |
| 2022-12-31 | $0.10 | $0.14 | x |
| 2023-12-31 | $0.78 | $0.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Stratabound Minerals 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): -3.80%
- 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: 1.23x
- Recent ROE (-3.80%) is above the historical average (-15.33%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.13 Million |
| 2017 | -61.85% | 0.00% | 0.00x | 1.80x | $-632.05K |
| 2018 | -12.62% | 0.00% | 0.00x | 1.23x | $-566.66K |
| 2019 | -8.39% | 0.00% | 0.00x | 1.08x | $-555.42K |
| 2020 | -13.49% | 0.00% | 0.00x | 1.04x | $-2.65 Million |
| 2021 | -7.79% | 0.00% | 0.00x | 1.28x | $-3.74 Million |
| 2022 | -14.69% | 0.00% | 0.00x | 1.32x | $-5.07 Million |
| 2023 | -3.80% | 0.00% | 0.00x | 1.23x | $-2.98 Million |
Industry Comparison
This section compares Stratabound Minerals 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 |
|---|---|---|---|---|
| Stratabound Minerals Corp (SBMIF) | $22.18 Million | 0.00% | 0.24x | $2.72 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 |