Atco Mining Inc.
Atco Mining Inc. engages in the sourcing and exploring of mineral properties in Canada. It holds 100% interest in the Salt properties, which comprises the Eagle Salt and the Adonis projects located in the Province of Newfoundland and Labrador. The company was formerly known as EV Ventures Inc. and changed its name to Atco Mining Inc. in September 2022. Atco Mining Inc. was incorporated in 2021 an… Read more
Atco Mining Inc. (ATMGF) - Net Assets
Latest net assets as of September 2024: $2.20 Million USD
Based on the latest financial reports, Atco Mining Inc. (ATMGF) has net assets worth $2.20 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 ($2.42 Million) and total liabilities ($216.97K). 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 | $2.20 Million |
| % of Total Assets | 91.04% |
| Annual Growth Rate | 103.23% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 72.87 |
Atco Mining Inc. - Net Assets Trend (2021–2023)
This chart illustrates how Atco 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 Atco Mining Inc. (2021–2023)
The table below shows the annual net assets of Atco Mining Inc. from 2021 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $1.66 Million | +42.94% |
| 2022-12-31 | $1.16 Million | +188.67% |
| 2021-12-31 | $402.31K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Atco 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 311186500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $4.80 Million | 289.12% |
| Total Equity | $1.66 Million | 100.00% |
Atco Mining Inc. Competitors by Market Cap
The table below lists competitors of Atco Mining Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Scotch Creek Ventures Inc
PINK:SCVFF
|
$896.07K |
|
QURI-MAYU DEVELOPMENTS
F:JR9
|
$896.08K |
|
Danimer Scientific Inc
OTCQX:DNMR
|
$896.40K |
|
France Tourisme Immobilier SA
PA:MLFTI
|
$896.84K |
|
Golf & Co Group Ltd
TA:GOLF
|
$895.79K |
|
Central Petroleum Limited
PINK:CNPTF
|
$895.58K |
|
GP Global Power Ltd
TA:GPGB
|
$895.38K |
|
QLY Biotech Group Corp.
PINK:LQLY
|
$894.99K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Atco Mining Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,161,347 to 1,660,035, a change of 498,688 (42.9%).
- Net loss of 2,446,078 reduced equity.
- New share issuances of 2,247,000 increased equity.
- Other factors increased equity by 697,766.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.45 Million | -147.35% |
| Share Issuances | $2.25 Million | +135.36% |
| Other Changes | $697.77K | +42.03% |
| Total Change | $- | 42.94% |
Book Value vs Market Value Analysis
This analysis compares Atco 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: 0.39x
- 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 0.84x to 0.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $0.02 | $0.01 | x |
| 2022-12-31 | $0.04 | $0.01 | x |
| 2023-12-31 | $0.03 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Atco 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): -147.35%
- 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: 1.10x
- Recent ROE (-147.35%) is below the historical average (-70.51%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -6.84% | 0.00% | 0.00x | 1.13x | $-67.75K |
| 2022 | -57.33% | 0.00% | 0.00x | 1.08x | $-781.92K |
| 2023 | -147.35% | 0.00% | 0.00x | 1.10x | $-2.61 Million |
Industry Comparison
This section compares Atco Mining Inc.'s net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Atco Mining Inc. (ATMGF) | $2.20 Million | -6.84% | 0.10x | $895.93K |
| Abcam plc (ABCZF) | $726.90 Million | -1.17% | 0.45x | $5.00 Billion |
| Able View Global Inc. Warrant (ABLVW) | $11.42 Million | 85.41% | 3.81x | $277.93K |
| Above Food Ingredients Inc. Warrants (ABVEW) | $199.86 Million | -2.89% | 0.00x | $6.25 Million |
| Adamas Trust, Inc. (ADAMG) | $2.43 Billion | 7.94% | 1.33x | $2.09 Billion |
| ADS-TEC ENERGY PLC Warrant (ADSEW) | $33.92 Million | -162.39% | 2.67x | $10.06 Million |
| Alliance Entertainment Holding Corporation Warrants (AENTW) | $52.92 Million | 10.13% | 4.23x | $2.29 Million |
| Forafric Global PLC Warrants (AFRIW) | $5.32 Million | -457.58% | 45.29x | $2.67 Million |
| Centurion Acquisition Corp. Warrant (ALFUW) | $282.84 Million | 1.97% | 0.05x | $4.81 Million |
| Alliance Trust PLC (ALITF) | $4.04 Billion | 10.04% | 0.29x | $112.87K |
| Alvotech Warrant (ALVOW) | $-564.42 Million | 0.00% | 0.00x | $35.01 Million |