Filo Mining Corp
Filo Corp., together with its subsidiaries, engages in the identification, acquisition, exploration, evaluation, and development of mineral properties in Chile and Argentina. Its flagship property is the 100% owned Filo del Sol copper-gold-silver deposit located in the San Juan province of Argentina and the adjacent Atacama Region of Northern Chile. The company was formerly known as Filo Mining C… Read more
Filo Mining Corp (FLMMF) - Net Assets
Latest net assets as of September 2024: $99.33 Million USD
Based on the latest financial reports, Filo Mining Corp (FLMMF) has net assets worth $99.33 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 ($114.97 Million) and total liabilities ($15.64 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 | $99.33 Million |
| % of Total Assets | 86.39% |
| Annual Growth Rate | 37.23% |
| 5-Year Change | 281.87% |
| 10-Year Change | N/A |
| Growth Volatility | 126.06 |
Filo Mining Corp - Net Assets Trend (2015–2023)
This chart illustrates how Filo Mining 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 Filo Mining Corp (2015–2023)
The table below shows the annual net assets of Filo Mining Corp from 2015 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $76.85 Million | +8.98% |
| 2022-12-31 | $70.51 Million | +198.82% |
| 2021-12-31 | $23.60 Million | -45.82% |
| 2020-12-31 | $43.55 Million | +116.42% |
| 2019-12-31 | $20.12 Million | +208.81% |
| 2018-12-31 | $6.52 Million | -17.94% |
| 2017-12-31 | $7.94 Million | -66.56% |
| 2016-12-31 | $23.74 Million | +288.53% |
| 2015-12-31 | $6.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Filo Mining 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 22795890713.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $338.56 Million | 440.56% |
| Total Equity | $76.85 Million | 100.00% |
Filo Mining Corp Competitors by Market Cap
The table below lists competitors of Filo Mining Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NIFCO INC.
F:9WM
|
$2.07 Billion |
|
Knowles Corp.
LSE:0JRJ
|
$2.07 Billion |
|
Knowles Cor
NYSE:KN
|
$2.07 Billion |
|
BOK FINL CORP. DL-00006
F:BJR
|
$2.07 Billion |
|
Nippon Television Holdings Inc
PINK:NPTVF
|
$2.07 Billion |
|
TMBThanachart Bank Public Company Limited
F:NVPJ
|
$2.07 Billion |
|
Henan Yuguang Gold & Lead Co Ltd
SHG:600531
|
$2.07 Billion |
|
10X Genomics Inc
NASDAQ:TXG
|
$2.07 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Filo Mining Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 70,513,222 to 76,848,214, a change of 6,334,992 (9.0%).
- Net loss of 86,773,088 reduced equity.
- New share issuances of 98,812,693 increased equity.
- Other factors decreased equity by 5,704,614.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-86.77 Million | -112.91% |
| Share Issuances | $98.81 Million | +128.58% |
| Other Changes | $-5.70 Million | -7.42% |
| Total Change | $- | 8.98% |
Book Value vs Market Value Analysis
This analysis compares Filo Mining 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: 39.21x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 180.75x to 39.21x 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 | $0.13 | $23.05 | x |
| 2018-12-31 | $0.09 | $23.05 | x |
| 2019-12-31 | $0.23 | $23.05 | x |
| 2020-12-31 | $0.39 | $23.05 | x |
| 2021-12-31 | $0.21 | $23.05 | x |
| 2022-12-31 | $0.57 | $23.05 | x |
| 2023-12-31 | $0.59 | $23.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Filo Mining 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): -112.91%
- 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: 1.22x
- Recent ROE (-112.91%) is above the historical average (-160.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -193.36% | 0.00% | 0.00x | 1.04x | $-12.43 Million |
| 2016 | -36.50% | 0.00% | 0.00x | 1.10x | $-11.04 Million |
| 2017 | -235.43% | 0.00% | 0.00x | 1.28x | $-19.49 Million |
| 2018 | -443.34% | 0.00% | 0.00x | 1.83x | $-29.54 Million |
| 2019 | -141.97% | 0.00% | 0.00x | 1.18x | $-30.58 Million |
| 2020 | -43.35% | 0.00% | 0.00x | 1.09x | $-23.23 Million |
| 2021 | -137.39% | 0.00% | 0.00x | 1.30x | $-34.78 Million |
| 2022 | -97.80% | 0.00% | 0.00x | 1.22x | $-76.01 Million |
| 2023 | -112.91% | 0.00% | 0.00x | 1.22x | $-94.46 Million |
Industry Comparison
This section compares Filo Mining 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 |
|---|---|---|---|---|
| Filo Mining Corp (FLMMF) | $99.33 Million | -193.36% | 0.16x | $2.07 Billion |
| 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 |