Star Royalties Ltd
Star Royalties Ltd. operates as a precious metals and decarbonization solutions royalty and streaming company. It provides bespoke and operator-friendly financing solutions, including originating and restructuring of royalties and streams in precious metals and in North American decarbonization projects. Star Royalties Ltd. was incorporated in 2018 and is headquartered in Toronto, Canada.
Star Royalties Ltd (STRFF) - Net Assets
Latest net assets as of September 2025: $26.59 Million USD
Based on the latest financial reports, Star Royalties Ltd (STRFF) has net assets worth $26.59 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 ($26.83 Million) and total liabilities ($233.81K). 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 | $26.59 Million |
| % of Total Assets | 99.13% |
| Annual Growth Rate | 113.87% |
| 5-Year Change | 113.98% |
| 10-Year Change | N/A |
| Growth Volatility | 784.1 |
Star Royalties Ltd - Net Assets Trend (2019–2024)
This chart illustrates how Star Royalties 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 Star Royalties Ltd (2019–2024)
The table below shows the annual net assets of Star Royalties Ltd from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $26.72 Million | -50.36% |
| 2023-12-31 | $53.82 Million | +17.25% |
| 2022-12-31 | $45.90 Million | +49.12% |
| 2021-12-31 | $30.78 Million | +146.55% |
| 2020-12-31 | $12.48 Million | +1994.46% |
| 2019-12-31 | $596.08K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Star Royalties 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 grown by 36192200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $255.77K | 0.96% |
| Other Components | $26.46 Million | 99.04% |
| Total Equity | $26.72 Million | 100.00% |
Star Royalties Ltd Competitors by Market Cap
The table below lists competitors of Star Royalties Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Juic International
TWO:6114
|
$11.42 Million |
|
TOWER RESOURCES LS-00001
F:ULF1
|
$11.42 Million |
|
Nordic Paper Holding AB
ST:NPAPER
|
$11.42 Million |
|
MFC-Strategic Storage Fund
BK:M-STOR
|
$11.42 Million |
|
BERGEN C.S. NK -0003
F:7X7
|
$11.41 Million |
|
Mangalam Organics Limited
NSE:MANORG
|
$11.41 Million |
|
Euro Trend Yatirim Ortakligi AS
IS:ETYAT
|
$11.41 Million |
|
Adhi Kartiko Pratama Tbk.
JK:NICE
|
$11.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Star Royalties Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 53,819,767 to 26,715,033, a change of -27,104,734 (-50.4%).
- Net loss of 24,093,654 reduced equity.
- Other factors decreased equity by 3,011,080.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-24.09 Million | -90.19% |
| Other Changes | $-3.01 Million | -11.27% |
| Total Change | $- | -50.36% |
Book Value vs Market Value Analysis
This analysis compares Star Royalties 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: 0.49x
- 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 19.08x to 0.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $0.01 | $0.17 | x |
| 2020-12-31 | $0.19 | $0.17 | x |
| 2021-12-31 | $0.42 | $0.17 | x |
| 2022-12-31 | $0.63 | $0.17 | x |
| 2023-12-31 | $0.72 | $0.17 | x |
| 2024-12-31 | $0.35 | $0.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Star Royalties 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): -90.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2969.97%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.01x
- Recent ROE (-90.19%) is below the historical average (-12.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -17.81% | 0.00% | 0.00x | 1.19x | $-165.76K |
| 2020 | -6.41% | -8161.34% | 0.00x | 1.01x | $-2.05 Million |
| 2021 | -8.67% | -385.95% | 0.02x | 1.01x | $-5.75 Million |
| 2022 | 37.76% | 1224.44% | 0.03x | 1.02x | $12.74 Million |
| 2023 | 10.47% | 599.43% | 0.02x | 1.01x | $255.64K |
| 2024 | -90.19% | -2969.97% | 0.03x | 1.01x | $-26.77 Million |
Industry Comparison
This section compares Star Royalties Ltd's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $9,705,177,506
- Average return on equity (ROE) among peers: -74.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Star Royalties Ltd (STRFF) | $26.59 Million | -17.81% | 0.01x | $11.41 Million |
| AbraSilver Resource Corp (ABBRF) | $3.05 Million | -108.70% | 0.31x | $280.10 Million |
| American Copper Development Corporation (ACDXF) | $-331.64K | 0.00% | 0.00x | $1.96 Million |
| American Creek Resources Ltd (ACKRF) | $2.36 Million | -67.11% | 0.29x | $23.79 Million |
| American Clean Resources Group Inc. (ACRG) | $23.29 Million | -69.73% | 0.66x | $9.52 Million |
| Adyton Resources Corporation (ADYRF) | $14.98 Million | 5.60% | 0.05x | $26.44 Million |
| Austral Gold Limited (AGLDF) | $542.56K | -504.60% | 1.47x | $4.83 Million |
| Anglo American Platinum Limited (AGPPF) | $96.96 Billion | 50.69% | 0.82x | $8.40 Billion |
| Athena Gold Corp (AHNR) | $4.96 Million | -13.77% | 0.26x | $779.22K |
| Alaska Energy Metals Corporation (AKEMF) | $26.15 Million | -33.81% | 0.05x | $14.55 Million |
| ALXPF (ALXPF) | $14.77 Million | -5.14% | 0.08x | $24.72 Million |