Future Metals NL
Future Metals NL engages in the exploration and development of mineral properties in Western Australia. The company explores for nickel, chromium, copper, platinum, palladium, and gold deposits. Its 100% owned Panton platinum group metals project consists of three granted mining leases covering a total area of approximately 23 square kilometers located in the East Kimberley Region of Western Aust… Read more
Future Metals NL (FMELF) - Net Assets
Latest net assets as of June 2024: $19.83 Million USD
Based on the latest financial reports, Future Metals NL (FMELF) has net assets worth $19.83 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 ($20.21 Million) and total liabilities ($381.80K). 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 | $19.83 Million |
| % of Total Assets | 98.11% |
| Annual Growth Rate | 44.26% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 193.58 |
Future Metals NL - Net Assets Trend (2020–2024)
This chart illustrates how Future Metals NL's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Future Metals NL (2020–2024)
The table below shows the annual net assets of Future Metals NL from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | $19.83 Million | +4.95% |
| 2023-06-30 | $18.89 Million | -14.70% |
| 2022-06-30 | $22.15 Million | -10.42% |
| 2021-06-30 | $24.72 Million | +440.01% |
| 2020-06-30 | $4.58 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Future Metals NL'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 3908041100.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $43.25 Million | 218.15% |
| Total Equity | $19.83 Million | 100.00% |
Future Metals NL Competitors by Market Cap
The table below lists competitors of Future Metals NL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sewha P&C INC
KQ:252500
|
$15.04 Million |
|
Envoy Medical Inc.
NASDAQ:COCH
|
$15.04 Million |
|
Wentel Engineering Holdings Berhad
KLSE:0298
|
$15.04 Million |
|
Il Sung Const
KO:013360
|
$15.05 Million |
|
Ora Gold Ltd
AU:OAU
|
$15.03 Million |
|
INITECH Co. Ltd
KQ:053350
|
$15.03 Million |
|
Intensity Therapeutics, Inc. Common stock
NASDAQ:INTS
|
$15.03 Million |
|
Firetail Resources Ltd
AU:FTL
|
$15.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Future Metals NL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 18,890,737 to 19,826,066, a change of 935,329 (5.0%).
- Net loss of 3,940,051 reduced equity.
- Share repurchases of 266,569 reduced equity.
- New share issuances of 3,256,030 increased equity.
- Other factors increased equity by 1,885,919.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.94 Million | -19.87% |
| Share Repurchases | $266.57K | -1.34% |
| Share Issuances | $3.26 Million | +16.42% |
| Other Changes | $1.89 Million | +9.51% |
| Total Change | $- | 4.95% |
Book Value vs Market Value Analysis
This analysis compares Future Metals NL'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: 0.58x
- 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 2.29x to 0.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-06-30 | $0.01 | $0.02 | x |
| 2021-06-30 | $0.07 | $0.02 | x |
| 2022-06-30 | $0.06 | $0.02 | x |
| 2023-06-30 | $0.05 | $0.02 | x |
| 2024-06-30 | $0.03 | $0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Future Metals NL 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): -19.87%
- 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: 1.02x
- Recent ROE (-19.87%) is above the historical average (-25.24%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -22.65% | 0.00% | 0.00x | 1.01x | $-1.49 Million |
| 2021 | -25.52% | 0.00% | 0.00x | 1.09x | $-8.78 Million |
| 2022 | -19.48% | 0.00% | 0.00x | 1.05x | $-6.53 Million |
| 2023 | -38.69% | 0.00% | 0.00x | 1.03x | $-9.20 Million |
| 2024 | -19.87% | 0.00% | 0.00x | 1.02x | $-5.92 Million |
Industry Comparison
This section compares Future Metals NL'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 |
|---|---|---|---|---|
| Future Metals NL (FMELF) | $19.83 Million | -22.65% | 0.02x | $15.04 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 |