Adriatic Metals PLC
Adriatic Metals PLC, through its subsidiaries, engages in the exploration and development of precious and base metals. It primarily explores for silver, zinc, lead, gold, copper, and barite deposits. The company's flagship project is the 100% owned Vare" Silver Project, covering an area of approximately 50 square kilometers located in Bosnia and Herzegovina. Adriatic Metals PLC was formerly known… Read more
Adriatic Metals PLC (ADTLF) - Net Assets
Latest net assets as of June 2024: $157.77 Million USD
Based on the latest financial reports, Adriatic Metals PLC (ADTLF) has net assets worth $157.77 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 ($350.05 Million) and total liabilities ($192.27 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 | $157.77 Million |
| % of Total Assets | 45.07% |
| Annual Growth Rate | 87.79% |
| 5-Year Change | 78.52% |
| 10-Year Change | N/A |
| Growth Volatility | 165.96 |
Adriatic Metals PLC - Net Assets Trend (2016–2024)
This chart illustrates how Adriatic Metals PLC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Adriatic Metals PLC (2016–2024)
The table below shows the annual net assets of Adriatic Metals PLC from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $118.37 Million | +6.97% |
| 2023-12-31 | $110.66 Million | +2.55% |
| 2022-12-31 | $107.90 Million | -29.21% |
| 2021-12-31 | $152.42 Million | +129.86% |
| 2020-12-31 | $66.31 Million | +157.81% |
| 2019-12-31 | $25.72 Million | +259.87% |
| 2018-12-31 | $7.15 Million | +54.37% |
| 2017-12-31 | $4.63 Million | +504.88% |
| 2016-12-31 | $765.43K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Adriatic Metals PLC'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 16191427035.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $280.51 Million | 236.97% |
| Total Equity | $118.37 Million | 100.00% |
Adriatic Metals PLC Competitors by Market Cap
The table below lists competitors of Adriatic Metals PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tengda Construction Group Co Ltd
SHG:600512
|
$443.86 Million |
|
Beijing Konruns Pharmaceutical Co Ltd
SHG:603590
|
$444.00 Million |
|
Verallia
PA:VRLA
|
$444.22 Million |
|
S.J.S. Enterprises Limited
NSE:SJS
|
$444.46 Million |
|
Ricegrowers Ltd
AU:SGLLV
|
$443.61 Million |
|
Xingyuan Environment Technology Co Ltd
SHE:300266
|
$443.56 Million |
|
Orinko Advanced Plastics Co. Ltd. A
SHG:688219
|
$443.53 Million |
|
Kuaijishan Shaoxing Rice Wine
SHG:601579
|
$443.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Adriatic Metals PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 110,657,966 to 118,374,000, a change of 7,716,034 (7.0%).
- Net loss of 62,491,000 reduced equity.
- New share issuances of 48,801,000 increased equity.
- Other comprehensive income decreased equity by 31,142,958.
- Other factors increased equity by 52,548,992.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-62.49 Million | -52.79% |
| Share Issuances | $48.80 Million | +41.23% |
| Other Comprehensive Income | $-31.14 Million | -26.31% |
| Other Changes | $52.55 Million | +44.39% |
| Total Change | $- | 6.97% |
Book Value vs Market Value Analysis
This analysis compares Adriatic Metals PLC'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: 7.04x
- 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 increased from 0.18x to 7.04x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $14.49 | $2.57 | x |
| 2017-12-31 | $0.05 | $2.57 | x |
| 2018-12-31 | $43.98 | $2.57 | x |
| 2019-12-31 | $0.14 | $2.57 | x |
| 2021-12-31 | $0.62 | $2.57 | x |
| 2022-12-31 | $0.38 | $2.57 | x |
| 2023-12-31 | $0.38 | $2.57 | x |
| 2024-12-31 | $0.36 | $2.57 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Adriatic Metals PLC 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): -52.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -226.54%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 2.97x
- Recent ROE (-52.79%) is below the historical average (-26.03%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -0.07% | -19274.73% | 0.00x | 1.20x | $-77.08K |
| 2017 | -22.01% | 0.00% | 0.00x | 1.02x | $-1.48 Million |
| 2018 | -23.59% | -2707.88% | 0.01x | 1.02x | $-2.40 Million |
| 2019 | -29.85% | 0.00% | 0.00x | 1.05x | $-10.25 Million |
| 2021 | -9.03% | 0.00% | 0.00x | 1.16x | $-29.00 Million |
| 2022 | -43.69% | 0.00% | 0.00x | 1.62x | $-57.93 Million |
| 2023 | -27.21% | 0.00% | 0.00x | 2.63x | $-41.18 Million |
| 2024 | -52.79% | -226.54% | 0.08x | 2.97x | $-74.33 Million |
Industry Comparison
This section compares Adriatic Metals PLC'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 |
|---|---|---|---|---|
| Adriatic Metals PLC (ADTLF) | $157.77 Million | -0.07% | 1.22x | $443.66 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 |