Formation Minerals, Inc.
Formation Minerals, Inc. engages in the acquisitions and development of oil and gas mineral. It owns royalty interests and holds a non-operated working interest in the oil and gas operations in the United States. The company is based in Jacksboro, Texas.
Formation Minerals, Inc. (FOMI) - Net Assets
Latest net assets as of January 2025: $-3.97 Million USD
Based on the latest financial reports, Formation Minerals, Inc. (FOMI) has net assets worth $-3.97 Million USD as of January 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($371.63K) and total liabilities ($4.35 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 | $-3.97 Million |
| % of Total Assets | -1069.55% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Formation Minerals, Inc. - Net Assets Trend (2021–2024)
This chart illustrates how Formation Minerals, 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 Formation Minerals, Inc. (2021–2024)
The table below shows the annual net assets of Formation Minerals, Inc. from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-04-30 | $-833.61K | +21.48% |
| 2023-04-30 | $-1.06 Million | -129.18% |
| 2022-04-30 | $-463.20K | -307.42% |
| 2021-04-30 | $-113.69K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Formation Minerals, 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 grown by 7771400.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (April 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $2.67 Million | % |
| Total Equity | $-833.61K | 100.00% |
Formation Minerals, Inc. Competitors by Market Cap
The table below lists competitors of Formation Minerals, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MONEX GROUP
BE:NNL
|
$40.03K |
|
CITY OF LON INV
BE:W8T
|
$40.03K |
|
180 DEGREE CAP. DL-01
F:HH20
|
$40.05K |
|
Ridgefield Acquisition Corp
PINK:RDGA
|
$40.09K |
|
AUCKLAND INTL AIRPORT LTD
BE:BZTA
|
$39.98K |
|
ARISE (A4W.SG)
STU:A4W
|
$39.97K |
|
Kulcs-Soft Nyrt.
BUD:KSOFT
|
$39.97K |
|
AHT Syngas Technology NV
F:3SQ1
|
$39.96K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Formation Minerals, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -1,103,654 to -833,612, a change of 270,042.
- Net loss of 1,677,907 reduced equity.
- Other factors increased equity by 1,947,949.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.68 Million | -201.28% |
| Other Changes | $1.95 Million | +233.68% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Formation Minerals, 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-04-30 | $0.01 | $0.04 | x |
| 2022-04-30 | $0.00 | $0.04 | x |
| 2023-04-30 | $-0.02 | $0.04 | x |
| 2024-04-30 | $-0.01 | $0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Formation Minerals, 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -146414.22%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-83.44%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -111.42% | -6289.17% | 0.02x | 1.04x | $-861.63K |
| 2022 | -222.35% | -14476.35% | 0.01x | 1.05x | $-971.79K |
| 2023 | 0.00% | -17343.40% | 0.11x | 0.00x | $-655.69K |
| 2024 | 0.00% | -146414.22% | 0.08x | 0.00x | $-1.59 Million |
Industry Comparison
This section compares Formation Minerals, Inc.'s net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $1,751,793,864
- Average return on equity (ROE) among peers: -1.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Formation Minerals, Inc. (FOMI) | $-3.97 Million | -111.42% | N/A | $40.01K |
| Advantage Energy Ltd. (AAVVF) | $1.33 Billion | 0.83% | 0.33x | $922.80 Million |
| ADX Energy Ltd (ADXRF) | $4.37 Million | -14.30% | 0.01x | $9.58 Million |
| ARC Resources Ltd. (AETUF) | $3.40 Billion | 7.09% | 0.69x | $10.30 Billion |
| Aminex PLC (AEXFF) | $7.53 Million | -11.90% | 0.27x | $77.17 Million |
| Aker BP ASA (AKRBF) | $12.69 Billion | 14.40% | 2.32x | $6.29 Billion |
| Arkanova Energy Corporation (AKVA) | $-35.51K | 0.00% | 0.00x | $4.92K |
| Allied Resources Inc (ALOD) | $2.39 Million | -3.81% | 0.14x | $428.76K |
| Altex Industries Inc (ALTX) | $2.60 Million | -10.61% | 0.15x | $1.08 Million |
| Alvopetro Energy Ltd (ALVOF) | $66.14 Million | -10.76% | 0.04x | $117.02 Million |
| AMEN Properties Inc (AMEN) | $15.55 Million | 14.30% | 0.08x | $4.94 Million |