Nickel 28 Capital Corp
Nickel 28 Capital Corp. operates as a base metals company in Papua New Guinea, Quebec, British Columbia, Australia, and Yukon. It explores for nickel, cobalt, silver, lead, zinc, and scandium deposits. The company was formerly known as Conic Metals Corp. and changed its name to Nickel 28 Capital Corp. in March 2021. The company was incorporated in 2019 and is headquartered in Vancouver, Canada.
Nickel 28 Capital Corp (CONXF) - Net Assets
Latest net assets as of October 2025: $81.56 Million USD
Based on the latest financial reports, Nickel 28 Capital Corp (CONXF) has net assets worth $81.56 Million USD as of October 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($128.99 Million) and total liabilities ($47.43 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 | $81.56 Million |
| % of Total Assets | 63.23% |
| Annual Growth Rate | N/A |
| 5-Year Change | 19.48% |
| 10-Year Change | N/A |
| Growth Volatility | 46.03 |
Nickel 28 Capital Corp - Net Assets Trend (2018–2025)
This chart illustrates how Nickel 28 Capital Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Nickel 28 Capital Corp (2018–2025)
The table below shows the annual net assets of Nickel 28 Capital Corp from 2018 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-01-31 | $82.50 Million | -4.73% |
| 2024-01-31 | $86.60 Million | -4.57% |
| 2023-01-31 | $90.75 Million | +8.53% |
| 2022-01-31 | $83.62 Million | +21.10% |
| 2021-01-31 | $69.05 Million | +4.87% |
| 2020-01-31 | $65.84 Million | +126.29% |
| 2019-01-31 | $29.10 Million | +21156.26% |
| 2018-01-31 | $-138.18K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nickel 28 Capital Corp'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 1367872100.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (January 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $13.68 Million | 16.58% |
| Common Stock | $68.11 Million | 82.56% |
| Other Comprehensive Income | $705.91K | 0.86% |
| Total Equity | $82.50 Million | 100.00% |
Nickel 28 Capital Corp Competitors by Market Cap
The table below lists competitors of Nickel 28 Capital Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
The London Tunnels PLC
AS:TLT
|
$31.66 Million |
|
Immobiliere Dassault SA
PA:IMDA
|
$31.66 Million |
|
ZCCM Investments Holdings Plc
PA:MLZAM
|
$31.66 Million |
|
Squirrel Media SA
MC:SQRL
|
$31.67 Million |
|
Loulis Mills S.A.
AT:KYLO
|
$31.66 Million |
|
Sea Oil Public Company Limited
BK:SEAOIL
|
$31.65 Million |
|
EnviroGold Global Limited
OTCQB:ESGLF
|
$31.65 Million |
|
VISIOMED GROUP EO 001
F:7V91
|
$31.65 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nickel 28 Capital Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 86,599,230 to 82,498,906, a change of -4,100,324 (-4.7%).
- Net loss of 1,827,972 reduced equity.
- Share repurchases of 1,042,798 reduced equity.
- Other comprehensive income decreased equity by 788,923.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.83 Million | -2.22% |
| Share Repurchases | $1.04 Million | -1.26% |
| Other Comprehensive Income | $-788.92K | -0.96% |
| Other Changes | $-440.63K | -0.53% |
| Total Change | $- | -4.73% |
Book Value vs Market Value Analysis
This analysis compares Nickel 28 Capital Corp'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: 0.50x
- 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 |
|---|---|---|---|
| 2018-01-31 | $0.00 | $0.45 | x |
| 2019-01-31 | $0.35 | $0.45 | x |
| 2020-01-31 | $0.79 | $0.45 | x |
| 2021-01-31 | $0.83 | $0.45 | x |
| 2022-01-31 | $0.96 | $0.45 | x |
| 2023-01-31 | $0.99 | $0.45 | x |
| 2024-01-31 | $0.94 | $0.45 | x |
| 2025-01-31 | $0.90 | $0.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nickel 28 Capital Corp 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): -2.22%
- 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: 1.59x
- Recent ROE (-2.22%) is above the historical average (-2.82%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-9.86 Million |
| 2019 | -36.45% | 0.00% | 0.00x | 1.07x | $-13.51 Million |
| 2020 | -0.53% | 0.00% | 0.00x | 2.90x | $-6.93 Million |
| 2021 | 3.71% | 0.00% | 0.00x | 2.55x | $-4.34 Million |
| 2022 | 13.36% | 0.00% | 0.00x | 1.91x | $2.81 Million |
| 2023 | 6.73% | 0.00% | 0.00x | 1.70x | $-2.96 Million |
| 2024 | -7.14% | 0.00% | 0.00x | 1.64x | $-14.84 Million |
| 2025 | -2.22% | 0.00% | 0.00x | 1.59x | $-10.08 Million |
Industry Comparison
This section compares Nickel 28 Capital Corp'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 |
|---|---|---|---|---|
| Nickel 28 Capital Corp (CONXF) | $81.56 Million | 0.00% | 0.58x | $31.66 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 |