Phoenix Copper Limited
Phoenix Copper Limited, together with its subsidiaries, engages in the exploration and mining activities for precious and base metals primarily in North America. It primarily explores for copper, zinc, gold, lead, tungsten, cobalt, and silver deposits. The company's flagship project is the 80% owned Empire Mine property located in Mackay, Idaho, USA. The company was formerly known as Phoenix Glob… Read more
Phoenix Copper Limited (PXCLF) - Net Assets
Latest net assets as of December 2023: $37.19 Million USD
Based on the latest financial reports, Phoenix Copper Limited (PXCLF) has net assets worth $37.19 Million USD as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($40.51 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 | $37.19 Million |
| % of Total Assets | 91.8% |
| Annual Growth Rate | 72.95% |
| 5-Year Change | 252.28% |
| 10-Year Change | N/A |
| Growth Volatility | 150.33 |
Phoenix Copper Limited - Net Assets Trend (2015–2023)
This chart illustrates how Phoenix Copper Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Phoenix Copper Limited (2015–2023)
The table below shows the annual net assets of Phoenix Copper Limited from 2015 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $37.19 Million | -1.72% |
| 2022-12-31 | $37.84 Million | +0.15% |
| 2021-12-31 | $37.78 Million | +173.11% |
| 2020-12-31 | $13.83 Million | +31.05% |
| 2019-12-31 | $10.56 Million | +15.37% |
| 2018-12-31 | $9.15 Million | +45.22% |
| 2017-12-31 | $6.30 Million | +473.58% |
| 2016-12-31 | $1.10 Million | +136.43% |
| 2015-12-31 | $464.62K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Phoenix Copper Limited'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 730926100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $45.37 Million | 122.09% |
| Total Equity | $37.16 Million | 100.00% |
Phoenix Copper Limited Competitors by Market Cap
The table below lists competitors of Phoenix Copper Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Big Camera Corporation Public Company Limited
BK:BIG
|
$9.37 Million |
|
INTER RAO Lietuva AB
WAR:IRL
|
$9.37 Million |
|
Mesa Royalty Trust
NYSE:MTR
|
$9.37 Million |
|
PT Bakrie Sumatera Plantations Tbk
F:OSW
|
$9.38 Million |
|
SYZYGY AG
XETRA:SYZ
|
$9.37 Million |
|
Sun Vending Technology PCL
BK:SVT
|
$9.37 Million |
|
Giga Media Ltd
NASDAQ:GIGM
|
$9.37 Million |
|
Pinedale Energy Limited
V:MCF
|
$9.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Phoenix Copper Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 37,773,859 to 37,162,371, a change of -611,488 (-1.6%).
- Net loss of 1,535,494 reduced equity.
- New share issuances of 511,290 increased equity.
- Other factors increased equity by 412,716.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.54 Million | -4.13% |
| Share Issuances | $511.29K | +1.38% |
| Other Changes | $412.72K | +1.11% |
| Total Change | $- | -1.62% |
Book Value vs Market Value Analysis
This analysis compares Phoenix Copper Limited'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: 0.17x
- 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 | $0.27 | $0.05 | x |
| 2018-12-31 | $0.27 | $0.05 | x |
| 2019-12-31 | $0.23 | $0.05 | x |
| 2020-12-31 | $0.22 | $0.05 | x |
| 2021-12-31 | $0.32 | $0.05 | x |
| 2022-12-31 | $0.31 | $0.05 | x |
| 2023-12-31 | $0.30 | $0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Phoenix Copper Limited 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): -4.13%
- 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: 1.09x
- Recent ROE (-4.13%) is above the historical average (-31.26%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -187.30% | 0.00% | 0.00x | 1.18x | $-916.68K |
| 2016 | -25.51% | 0.00% | 0.00x | 1.40x | $-390.12K |
| 2017 | -21.94% | 0.00% | 0.00x | 1.18x | $-1.96 Million |
| 2018 | -18.16% | 0.00% | 0.00x | 1.16x | $-2.54 Million |
| 2019 | -10.71% | 0.00% | 0.00x | 1.19x | $-2.16 Million |
| 2020 | -6.97% | 0.00% | 0.00x | 1.19x | $-2.33 Million |
| 2021 | -2.50% | 0.00% | 0.00x | 1.06x | $-4.71 Million |
| 2022 | -4.09% | 0.00% | 0.00x | 1.05x | $-5.32 Million |
| 2023 | -4.13% | 0.00% | 0.00x | 1.09x | $-5.25 Million |
Industry Comparison
This section compares Phoenix Copper Limited'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 |
|---|---|---|---|---|
| Phoenix Copper Limited (PXCLF) | $37.19 Million | -187.30% | 0.09x | $9.37 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 |