O3 Mining Inc
O3 Mining Inc. engages in the acquisition, exploration, and development of precious metal resource properties in Canada. The company primarily explores for gold deposits. Its flagship property is the Marban Alliance property with 65 mining claims covering 2,189 hectares located in the western portion of the province of Québec, Canada. The company is headquartered in Toronto, Canada. As of March 1… Read more
O3 Mining Inc (OIIIF) - Net Assets
Latest net assets as of September 2024: $240.16 Million USD
Based on the latest financial reports, O3 Mining Inc (OIIIF) has net assets worth $240.16 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 ($272.14 Million) and total liabilities ($31.97 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 | $240.16 Million |
| % of Total Assets | 88.25% |
| Annual Growth Rate | N/A |
| 5-Year Change | 42.97% |
| 10-Year Change | N/A |
| Growth Volatility | 109370.69 |
O3 Mining Inc - Net Assets Trend (2017–2023)
This chart illustrates how O3 Mining 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 O3 Mining Inc (2017–2023)
The table below shows the annual net assets of O3 Mining Inc from 2017 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $228.25 Million | -5.42% |
| 2022-12-31 | $241.32 Million | +1.58% |
| 2021-12-31 | $237.58 Million | +22.00% |
| 2020-12-31 | $194.74 Million | +21.98% |
| 2019-12-31 | $159.65 Million | +273436.77% |
| 2018-12-31 | $58.36K | +177.26% |
| 2017-12-31 | $-75.55K | -- |
Equity Component Analysis
This analysis shows how different components contribute to O3 Mining 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 2180257000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $254.82 Million | 111.64% |
| Total Equity | $228.25 Million | 100.00% |
O3 Mining Inc Competitors by Market Cap
The table below lists competitors of O3 Mining Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cheil Electric Wiring Devices Co. Ltd.
KQ:199820
|
$64.23 Million |
|
Agabang&Company
KQ:013990
|
$64.24 Million |
|
Asetek A/S
F:A31
|
$64.26 Million |
|
MOLECULAR PARTNERS ADS/1
F:6ML0
|
$64.27 Million |
|
Creditwest Faktoring AS
IS:CRDFA
|
$64.19 Million |
|
Hazer Group Limited
PINK:HZRGF
|
$64.17 Million |
|
ViGenCell Inc.
KQ:308080
|
$64.13 Million |
|
Pyrum Innovations AG
OL:PYRUM
|
$64.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in O3 Mining Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 241,324,000 to 228,248,000, a change of -13,076,000 (-5.4%).
- Net loss of 34,111,000 reduced equity.
- Share repurchases of 335,000 reduced equity.
- New share issuances of 18,560,000 increased equity.
- Other factors increased equity by 2,810,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-34.11 Million | -14.94% |
| Share Repurchases | $335.00K | -0.15% |
| Share Issuances | $18.56 Million | +8.13% |
| Other Changes | $2.81 Million | +1.23% |
| Total Change | $- | -5.42% |
Book Value vs Market Value Analysis
This analysis compares O3 Mining 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: 0.29x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $-0.16 | $0.77 | x |
| 2018-12-31 | $0.10 | $0.77 | x |
| 2019-12-31 | $3.40 | $0.77 | x |
| 2020-12-31 | $3.23 | $0.77 | x |
| 2021-12-31 | $3.49 | $0.77 | x |
| 2022-12-31 | $3.22 | $0.77 | x |
| 2023-12-31 | $2.61 | $0.77 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently O3 Mining 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): -14.94%
- 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: 1.15x
- Recent ROE (-14.94%) is above the historical average (-41.96%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | $-255.99K |
| 2018 | -283.55% | 0.00% | 0.00x | 1.77x | $-171.33K |
| 2019 | -2.59% | 0.00% | 0.00x | 1.05x | $-20.10 Million |
| 2020 | 1.65% | 0.00% | 0.00x | 1.08x | $-16.26 Million |
| 2021 | 8.59% | 0.00% | 0.00x | 1.10x | $-3.35 Million |
| 2022 | -2.90% | 0.00% | 0.00x | 1.12x | $-31.14 Million |
| 2023 | -14.94% | 0.00% | 0.00x | 1.15x | $-56.94 Million |
Industry Comparison
This section compares O3 Mining 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 |
|---|---|---|---|---|
| O3 Mining Inc (OIIIF) | $240.16 Million | 0.00% | 0.13x | $64.22 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 |