Elevate Uranium Ltd
Elevate Uranium Ltd engages in the exploration and evaluation of uranium deposits in Namibia and Australia. Its flagship project is the 100% owned Koppies project located in the Namib Desert region, Namibia. The company was formerly known as Marenica Energy Limited and changed its name to Elevate Uranium Ltd in May 2021. Elevate Uranium Ltd was incorporated in 1978 and is based in West Perth, Aus… Read more
Elevate Uranium Ltd (ELVUF) - Net Assets
Latest net assets as of June 2024: $11.78 Million USD
Based on the latest financial reports, Elevate Uranium Ltd (ELVUF) has net assets worth $11.78 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($13.26 Million) and total liabilities ($1.48 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 | $11.78 Million |
| % of Total Assets | 88.83% |
| Annual Growth Rate | N/A |
| 5-Year Change | 200.15% |
| 10-Year Change | N/A |
| Growth Volatility | 259.49 |
Elevate Uranium Ltd - Net Assets Trend (2018–2024)
This chart illustrates how Elevate Uranium Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Elevate Uranium Ltd (2018–2024)
The table below shows the annual net assets of Elevate Uranium Ltd from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | $11.78 Million | +2.26% |
| 2023-06-30 | $11.52 Million | -37.71% |
| 2022-06-30 | $18.49 Million | +94.11% |
| 2021-06-30 | $9.53 Million | +142.77% |
| 2020-06-30 | $3.92 Million | +679.01% |
| 2019-06-30 | $503.75K | +141.73% |
| 2018-06-30 | $-1.21 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Elevate Uranium Ltd'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 3111634500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $92.60 Million | 786.14% |
| Total Equity | $11.78 Million | 100.00% |
Elevate Uranium Ltd Competitors by Market Cap
The table below lists competitors of Elevate Uranium Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KANAMIC NETWORK CO. O.N.
F:0WT
|
$61.47 Million |
|
China High Speed Transmission Equipment Group Co. Ltd
PINK:CHSTF
|
$61.47 Million |
|
City Retail Developments Tbk PT
JK:NIRO
|
$61.48 Million |
|
Scandinavian Astor Group AB
ST:ASTOR
|
$61.48 Million |
|
ITAG IND
SA:ITAG
|
$61.45 Million |
|
Laster Tech Corp Ltd
TW:3346
|
$61.44 Million |
|
Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi
IS:BESLR
|
$61.42 Million |
|
Artois Nom.
PA:ARTO
|
$61.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Elevate Uranium Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,518,396 to 11,778,718, a change of 260,322 (2.3%).
- Net loss of 10,752,075 reduced equity.
- Share repurchases of 676,250 reduced equity.
- New share issuances of 10,884,030 increased equity.
- Other factors increased equity by 804,617.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-10.75 Million | -91.28% |
| Share Repurchases | $676.25K | -5.74% |
| Share Issuances | $10.88 Million | +92.4% |
| Other Changes | $804.62K | +6.83% |
| Total Change | $- | 2.26% |
Book Value vs Market Value Analysis
This analysis compares Elevate Uranium Ltd'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: 4.78x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-06-30 | $-0.02 | $0.18 | x |
| 2019-06-30 | $0.01 | $0.18 | x |
| 2020-06-30 | $0.03 | $0.18 | x |
| 2021-06-30 | $0.04 | $0.18 | x |
| 2022-06-30 | $0.07 | $0.18 | x |
| 2023-06-30 | $0.04 | $0.18 | x |
| 2024-06-30 | $0.04 | $0.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Elevate Uranium Ltd 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): -91.28%
- 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: 1.13x
- Recent ROE (-91.28%) is below the historical average (-74.90%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.12 Million |
| 2019 | -257.44% | 0.00% | 0.00x | 1.59x | $-1.35 Million |
| 2020 | -42.27% | 0.00% | 0.00x | 1.11x | $-2.05 Million |
| 2021 | -27.33% | 0.00% | 0.00x | 1.05x | $-3.56 Million |
| 2022 | -30.98% | 0.00% | 0.00x | 1.05x | $-7.58 Million |
| 2023 | -74.97% | 0.00% | 0.00x | 1.09x | $-9.79 Million |
| 2024 | -91.28% | 0.00% | 0.00x | 1.13x | $-11.93 Million |
Industry Comparison
This section compares Elevate Uranium Ltd's net assets metrics with peer companies in the Uranium industry.
Industry Context
- Industry: Uranium
- Average net assets among peers: $16,988,040
- Average return on equity (ROE) among peers: -24.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Elevate Uranium Ltd (ELVUF) | $11.78 Million | 0.00% | 0.13x | $61.46 Million |
| Anfield Energy Inc. (AEC) | $14.69 Million | -60.28% | 1.45x | $74.75 Million |
| AEMLF (AEMLF) | $7.09 Million | -26.99% | 0.04x | $2.04 Million |
| Alligator Energy Limited (ALGEF) | $8.63 Million | -11.42% | 0.05x | $63.13 Million |
| ALX Resources Corp (ALXEF) | $298.51K | -8.80% | 0.03x | $3.92 Million |
| Appia Energy Corp (APAAF) | $27.17 Million | -2.82% | 0.16x | $11.14 Million |
| Aura Energy Limited (AUEEF) | $16.57 Million | -16.64% | 0.03x | $55.36 Million |
| Azincourt Uranium Inc (AZURF) | $7.85 Million | -91.09% | 0.04x | $1.89 Million |
| Berkeley Energy Ltd (BKLRF) | $25.00 Million | -28.01% | 0.04x | $175.19 Million |
| Blue Sky Uranium Corp (BKUCF) | $-393.25K | 0.00% | 0.00x | $12.59 Million |
| Bannerman Resources Ltd (BNNLF) | $62.97 Million | -3.54% | 0.01x | $221.50 Million |