Franklin Mining Inc
Franklin Mining, Inc., a mining and exploration company, acquires and develops mineral properties. The company explores for gold, silver, lead, and zinc deposits. It owns interests in the La Joya mining concession in Bolivia; and Madre de Dios Area, Ch-Mine, and Los Totems project in Peru. The company was formerly known as WCM Capital, Inc. Franklin Mining, Inc. was founded in 1864 and is based i… Read more
Franklin Mining Inc (FMNJ) - Net Assets
Latest net assets as of March 2024: $623.71K USD
Based on the latest financial reports, Franklin Mining Inc (FMNJ) has net assets worth $623.71K USD as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($364.58K) and total liabilities ($-259.12K). 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 | $623.71K |
| % of Total Assets | 171.07% |
| Annual Growth Rate | -5.76% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 62.93 |
Franklin Mining Inc - Net Assets Trend (1989–2023)
This chart illustrates how Franklin 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 Franklin Mining Inc (1989–2023)
The table below shows the annual net assets of Franklin Mining Inc from 1989 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $624.86K | -25.65% |
| 2022-12-31 | $840.37K | +1906.48% |
| 2021-12-31 | $-46.52K | +97.78% |
| 2020-12-31 | $-2.10 Million | -4.57% |
| 2019-12-31 | $-2.01 Million | -8.40% |
| 2018-12-31 | $-1.85 Million | -9.24% |
| 2017-12-31 | $-1.69 Million | -3.83% |
| 2016-12-31 | $-1.63 Million | +16.15% |
| 2015-12-31 | $-1.95 Million | +52.60% |
| 2011-12-31 | $-4.10 Million | -16.25% |
| 2010-12-31 | $-3.53 Million | -4.94% |
| 2009-12-31 | $-3.36 Million | +1.07% |
| 2008-12-31 | $-3.40 Million | -35.93% |
| 2001-12-31 | $-2.50 Million | -223.39% |
| 2000-12-31 | $2.03 Million | -7.92% |
| 1999-12-31 | $2.20 Million | -18.46% |
| 1998-12-31 | $2.70 Million | -35.71% |
| 1997-12-31 | $4.20 Million | -14.29% |
| 1996-12-31 | $4.90 Million | +68.97% |
| 1995-12-31 | $2.90 Million | +16.00% |
| 1994-12-31 | $2.50 Million | -10.71% |
| 1993-12-31 | $2.80 Million | -15.15% |
| 1992-12-31 | $3.30 Million | -13.16% |
| 1991-12-31 | $3.80 Million | 0.00% |
| 1990-12-31 | $3.80 Million | -19.15% |
| 1989-12-31 | $4.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Franklin 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 4783785600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.80 Million | 288.68% |
| Other Comprehensive Income | $-1.80 Million | -288.68% |
| Other Components | $53.26 Million | 8523.94% |
| Total Equity | $624.86K | 100.00% |
Franklin Mining Inc Competitors by Market Cap
The table below lists competitors of Franklin Mining Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AMETEK
BE:AK1
|
$1.72 Million |
|
Revelation Biosciences Inc
NASDAQ:REVB
|
$1.72 Million |
|
Reflect Scientific Inc
OTCQB:RSCF
|
$1.73 Million |
|
Appili Therapeutics Inc
PINK:APLIF
|
$1.73 Million |
|
Pasukhas Group Bhd
KLSE:0177
|
$1.72 Million |
|
Djasa Ubersakti Tbk
JK:PTDU
|
$1.72 Million |
|
Grupo Mexicano de Desarrollo S.A.B
PINK:GMXDF
|
$1.72 Million |
|
D'IETEREN (DJDA.SG)
STU:DJDA
|
$1.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Franklin Mining Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 840,374 to 624,860, a change of -215,514 (-25.6%).
- Net loss of 432,000 reduced equity.
- Other comprehensive income decreased equity by 11,305.
- Other factors increased equity by 227,791.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-432.00K | -69.14% |
| Other Comprehensive Income | $-11.30K | -1.81% |
| Other Changes | $227.79K | +36.45% |
| Total Change | $- | -25.65% |
Book Value vs Market Value Analysis
This analysis compares Franklin 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: 2.89x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | $-0.84 | $0.00 | x |
| 2009-12-31 | $-0.21 | $0.00 | x |
| 2010-12-31 | $-0.08 | $0.00 | x |
| 2011-12-31 | $-0.05 | $0.00 | x |
| 2015-12-31 | $0.00 | $0.00 | x |
| 2016-12-31 | $0.00 | $0.00 | x |
| 2017-12-31 | $0.00 | $0.00 | x |
| 2018-12-31 | $0.00 | $0.00 | x |
| 2019-12-31 | $0.00 | $0.00 | x |
| 2020-12-31 | $0.00 | $0.00 | x |
| 2021-12-31 | $0.00 | $0.00 | x |
| 2022-12-31 | $0.00 | $0.00 | x |
| 2023-12-31 | $0.00 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Franklin 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): -69.14%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -91139.24%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.58x
- Recent ROE (-69.14%) is below the historical average (-18.27%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | -27.66% | -1300.00% | 0.02x | 1.04x | $-1.77 Million |
| 1990 | -33.33% | -600.00% | 0.04x | 1.31x | $-1.56 Million |
| 1991 | -21.05% | -800.00% | 0.02x | 1.13x | $-1.18 Million |
| 1992 | -39.39% | -1300.00% | 0.02x | 1.24x | $-1.63 Million |
| 1993 | -28.57% | -800.00% | 0.03x | 1.39x | $-1.08 Million |
| 1994 | -16.00% | -400.00% | 0.03x | 1.52x | $-650.00K |
| 1995 | -31.03% | -900.00% | 0.03x | 1.38x | $-1.19 Million |
| 1996 | -20.41% | -1000.00% | 0.01x | 1.43x | $-1.49 Million |
| 1997 | -45.24% | -1900.00% | 0.02x | 1.40x | $-2.32 Million |
| 1998 | -55.56% | -1500.00% | 0.02x | 1.81x | $-1.77 Million |
| 1999 | -22.80% | 0.00% | 0.00x | 2.16x | $-722.16K |
| 2000 | -11.59% | 0.00% | 0.00x | 2.12x | $-437.73K |
| 2001 | 0.00% | 0.00% | 0.00x | 0.00x | $-124.85K |
| 2008 | 0.00% | 0.00% | 0.00x | 0.00x | $-3.39 Million |
| 2009 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.83 Million |
| 2010 | 0.00% | 0.00% | 0.00x | 0.00x | $71.01K |
| 2011 | 0.00% | 0.00% | 0.00x | 0.00x | $-5.95 Million |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $35.53K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $5.10K |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | $11.36K |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $29.00K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $45.55K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $170.85K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-109.35K |
| 2022 | -53.19% | 0.00% | 0.00x | 0.43x | $-531.04K |
| 2023 | -69.14% | -91139.24% | 0.00x | 0.58x | $-494.49K |
Industry Comparison
This section compares Franklin Mining Inc'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 |
|---|---|---|---|---|
| Franklin Mining Inc (FMNJ) | $623.71K | -27.66% | -0.42x | $1.72 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 |