E3 Metals Corp
E3 Lithium Limited engages in the development and extraction of lithium resources in Alberta. The company was formerly known as E3 Metals Corp. and changed its name to E3 Lithium Limited in July 2022. E3 Lithium Limited is headquartered in Calgary, Canada.
E3 Metals Corp (EEMMF) - Net Assets
Latest net assets as of September 2025: $41.30 Million USD
Based on the latest financial reports, E3 Metals Corp (EEMMF) has net assets worth $41.30 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 ($44.62 Million) and total liabilities ($3.32 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 | $41.30 Million |
| % of Total Assets | 92.57% |
| Annual Growth Rate | 100.76% |
| 5-Year Change | 402.43% |
| 10-Year Change | N/A |
| Growth Volatility | 301.81 |
E3 Metals Corp - Net Assets Trend (2013–2024)
This chart illustrates how E3 Metals 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 E3 Metals Corp (2013–2024)
The table below shows the annual net assets of E3 Metals Corp from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $50.73 Million | -11.24% |
| 2023-12-31 | $57.15 Million | +70.75% |
| 2022-12-31 | $33.47 Million | +33.88% |
| 2021-12-31 | $25.00 Million | +147.62% |
| 2020-12-31 | $10.10 Million | +150.92% |
| 2019-12-31 | $4.02 Million | +44.28% |
| 2018-12-31 | $2.79 Million | +19.89% |
| 2017-12-31 | $2.33 Million | +691.03% |
| 2016-12-31 | $-393.60K | -21.50% |
| 2015-12-31 | $-323.95K | -86.23% |
| 2014-12-31 | $-173.95K | -832.62% |
| 2013-12-31 | $23.74K | -- |
Equity Component Analysis
This analysis shows how different components contribute to E3 Metals 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 3794088100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $103.21 Million | 203.47% |
| Total Equity | $50.73 Million | 100.00% |
E3 Metals Corp Competitors by Market Cap
The table below lists competitors of E3 Metals Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tasty Bite Eatables Limited
NSE:TASTYBITE
|
$39.42 Million |
|
MIC Electronics Limited
NSE:MICEL
|
$39.42 Million |
|
Phonex Inc
PINK:PXHI
|
$39.42 Million |
|
Arkade Developers Ltd
NSE:ARKADE
|
$39.44 Million |
|
EgnsINVEST Ejendomme Tyskland A/S
CO:EGNETY
|
$39.41 Million |
|
Dynamic Medical Technologies
TWO:4138
|
$39.41 Million |
|
Perfect Corp.
NYSE:PERF
|
$39.41 Million |
|
Texaf S.A.
LSE:0Q5Q
|
$39.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in E3 Metals Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 57,152,000 to 50,728,000, a change of -6,424,000 (-11.2%).
- Net loss of 9,700,000 reduced equity.
- Other factors increased equity by 3,276,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-9.70 Million | -19.12% |
| Other Changes | $3.28 Million | +6.46% |
| Total Change | $- | -11.24% |
Book Value vs Market Value Analysis
This analysis compares E3 Metals 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: 0.79x
- 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 3.83x to 0.79x 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 | $0.14 | $0.53 | x |
| 2018-12-31 | $0.13 | $0.53 | x |
| 2019-12-31 | $0.15 | $0.53 | x |
| 2020-12-31 | $0.24 | $0.53 | x |
| 2021-12-31 | $0.43 | $0.53 | x |
| 2022-12-31 | $0.53 | $0.53 | x |
| 2023-12-31 | $0.76 | $0.53 | x |
| 2024-12-31 | $0.67 | $0.53 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently E3 Metals 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): -19.12%
- 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: 1.08x
- Recent ROE (-19.12%) is above the historical average (-195.48%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -2090.23% | 0.00% | 0.00x | 3.20x | $-498.68K |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $-182.69K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-116.31K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $-35.27K |
| 2017 | -51.50% | 0.00% | 0.00x | 1.12x | $-1.43 Million |
| 2018 | -49.46% | 0.00% | 0.00x | 1.04x | $-1.66 Million |
| 2019 | -58.94% | 0.00% | 0.00x | 1.11x | $-2.77 Million |
| 2020 | -20.75% | 0.00% | 0.00x | 1.05x | $-3.10 Million |
| 2021 | -19.12% | 0.00% | 0.00x | 1.04x | $-7.28 Million |
| 2022 | -20.75% | 0.00% | 0.00x | 1.08x | $-10.29 Million |
| 2023 | -15.82% | 0.00% | 0.00x | 1.08x | $-14.76 Million |
| 2024 | -19.12% | 0.00% | 0.00x | 1.08x | $-14.77 Million |
Industry Comparison
This section compares E3 Metals 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 |
|---|---|---|---|---|
| E3 Metals Corp (EEMMF) | $41.30 Million | -2090.23% | 0.08x | $39.42 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 |