Fortune Minerals Limited
Fortune Minerals Limited engages in the exploration and development of specialty metals, base metals, and precious metals in Canada. The company explores for gold, cobalt, bismuth, copper, silver, lead, and zinc deposits. Its primary asset is the NICO gold-cobalt-bismuth-copper project covering an area of 5,140 hectares located in the Northwest Territories and Lamont County consists of 76.78 acre… Read more
Fortune Minerals Limited (FTMDF) - Net Assets
Latest net assets as of September 2025: $-10.79 Million USD
Based on the latest financial reports, Fortune Minerals Limited (FTMDF) has net assets worth $-10.79 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.97 Million) and total liabilities ($17.76 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 | $-10.79 Million |
| % of Total Assets | -154.87% |
| Annual Growth Rate | N/A |
| 5-Year Change | -117.76% |
| 10-Year Change | -118.09% |
| Growth Volatility | 42.85 |
Fortune Minerals Limited - Net Assets Trend (1996–2024)
This chart illustrates how Fortune Minerals Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Fortune Minerals Limited (1996–2024)
The table below shows the annual net assets of Fortune Minerals Limited from 1996 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-11.40 Million | -34.69% |
| 2023-12-31 | $-8.46 Million | -122.35% |
| 2022-12-31 | $37.87 Million | -40.69% |
| 2021-12-31 | $63.86 Million | -0.50% |
| 2020-12-31 | $64.18 Million | -2.41% |
| 2019-12-31 | $65.77 Million | -2.18% |
| 2018-12-31 | $67.23 Million | +16.41% |
| 2017-12-31 | $57.75 Million | +0.09% |
| 2016-12-31 | $57.70 Million | -8.44% |
| 2015-12-31 | $63.02 Million | -39.60% |
| 2014-12-31 | $104.33 Million | +11.04% |
| 2013-12-31 | $93.96 Million | -25.53% |
| 2012-12-31 | $126.17 Million | -3.70% |
| 2011-12-31 | $131.02 Million | +12.42% |
| 2010-12-31 | $116.54 Million | +6.64% |
| 2009-12-31 | $109.28 Million | +24.00% |
| 2008-12-31 | $88.13 Million | +7.30% |
| 2007-12-31 | $82.13 Million | +58.28% |
| 2006-12-31 | $51.89 Million | +22.80% |
| 2005-12-31 | $42.26 Million | +18.39% |
| 2004-12-31 | $35.69 Million | +140.70% |
| 2003-12-31 | $14.83 Million | +46.15% |
| 2002-12-31 | $10.15 Million | +10.65% |
| 2001-12-31 | $9.17 Million | -1.69% |
| 2000-12-31 | $9.33 Million | -21.62% |
| 1999-12-31 | $11.90 Million | +5.31% |
| 1998-12-31 | $11.30 Million | +37.80% |
| 1997-12-31 | $8.20 Million | +51.85% |
| 1996-12-31 | $5.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fortune Minerals Limited'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 105779.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $182.23 Million | % |
| Other Comprehensive Income | $17.43 Million | % |
| Other Components | $297.36K | % |
| Total Equity | $-11.40 Million | 100.00% |
Fortune Minerals Limited Competitors by Market Cap
The table below lists competitors of Fortune Minerals Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
YLAB Corporation
KQ:432430
|
$22.10 Million |
|
TS Corp Preference Shares
KO:001795
|
$22.11 Million |
|
Chuwa Wool Industry Co Taiwan Ltd
TW:1439
|
$22.11 Million |
|
X4 PHARMACEUTIC. DL-001
F:48Q
|
$22.13 Million |
|
InkTec Co. Ltd
KQ:049550
|
$22.10 Million |
|
Daishin Information & Communications Co.Ltd
KQ:020180
|
$22.09 Million |
|
Fu Yu Property Co Ltd
TWO:4907
|
$22.08 Million |
|
Gozco Plantations Tbk
JK:GZCO
|
$22.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fortune Minerals Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -8,463,970 to -11,400,475, a change of -2,936,505.
- Net loss of 3,608,045 reduced equity.
- Other comprehensive income increased equity by 172,809.
- Other factors increased equity by 498,731.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.61 Million | -31.65% |
| Other Comprehensive Income | $172.81K | +1.52% |
| Other Changes | $498.73K | +4.37% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Fortune Minerals Limited'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 |
|---|---|---|---|
| 1996-12-31 | $0.36 | $0.04 | x |
| 1997-12-31 | $0.48 | $0.04 | x |
| 1998-12-31 | $0.75 | $0.04 | x |
| 1999-12-31 | $0.69 | $0.04 | x |
| 2000-12-31 | $0.53 | $0.04 | x |
| 2001-12-31 | $0.52 | $0.04 | x |
| 2002-12-31 | $0.47 | $0.04 | x |
| 2003-12-31 | $0.69 | $0.04 | x |
| 2004-12-31 | $1.33 | $0.04 | x |
| 2005-12-31 | $1.05 | $0.04 | x |
| 2006-12-31 | $1.38 | $0.04 | x |
| 2007-12-31 | $1.87 | $0.04 | x |
| 2008-12-31 | $1.71 | $0.04 | x |
| 2009-12-31 | $1.69 | $0.04 | x |
| 2010-12-31 | $1.19 | $0.04 | x |
| 2011-12-31 | $1.20 | $0.04 | x |
| 2012-12-31 | $1.07 | $0.04 | x |
| 2013-12-31 | $0.71 | $0.04 | x |
| 2014-12-31 | $0.58 | $0.04 | x |
| 2015-12-31 | $0.28 | $0.04 | x |
| 2016-12-31 | $0.23 | $0.04 | x |
| 2017-12-31 | $0.19 | $0.04 | x |
| 2018-12-31 | $0.16 | $0.04 | x |
| 2019-12-31 | $0.19 | $0.04 | x |
| 2020-12-31 | $0.18 | $0.04 | x |
| 2021-12-31 | $0.17 | $0.04 | x |
| 2022-12-31 | $0.10 | $0.04 | x |
| 2023-12-31 | $-0.02 | $0.04 | x |
| 2024-12-31 | $-0.02 | $0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fortune Minerals Limited 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: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-8.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 3.70% | 200.00% | 0.02x | 1.02x | $-340.00K |
| 1998 | -2.65% | -300.00% | 0.01x | 1.01x | $-1.43 Million |
| 1999 | 6.72% | 800.00% | 0.01x | 1.03x | $-390.00K |
| 2000 | -0.19% | -903700.00% | 0.00x | 1.28x | $-950.80K |
| 2001 | -1.72% | 0.00% | 0.00x | 1.27x | $-1.07 Million |
| 2002 | -2.14% | -456.52% | 0.00x | 1.25x | $-1.23 Million |
| 2003 | -4.05% | -1287.57% | 0.00x | 1.19x | $-2.08 Million |
| 2004 | -3.75% | -1190.74% | 0.00x | 1.13x | $-4.91 Million |
| 2005 | -0.95% | -69.52% | 0.01x | 1.13x | $-4.63 Million |
| 2006 | -0.08% | -6.58% | 0.01x | 1.16x | $-5.23 Million |
| 2007 | 2.67% | 313.92% | 0.01x | 1.10x | $-6.02 Million |
| 2008 | -1.56% | -272.03% | 0.01x | 1.13x | $-10.19 Million |
| 2009 | -1.22% | -2646.32% | 0.00x | 1.13x | $-12.26 Million |
| 2010 | -1.47% | -6874.52% | 0.00x | 1.10x | $-13.37 Million |
| 2011 | 2.83% | 0.00% | 0.00x | 1.19x | $-9.40 Million |
| 2012 | -5.45% | 0.00% | 0.00x | 1.19x | $-19.50 Million |
| 2013 | -47.18% | 0.00% | 0.00x | 1.22x | $-53.73 Million |
| 2014 | -10.56% | 0.00% | 0.00x | 1.74x | $-21.45 Million |
| 2015 | -65.23% | 0.00% | 0.00x | 1.08x | $-47.41 Million |
| 2016 | -13.65% | 0.00% | 0.00x | 1.20x | $-13.65 Million |
| 2017 | -21.04% | 0.00% | 0.00x | 1.38x | $-17.92 Million |
| 2018 | 12.72% | 0.00% | 0.00x | 1.16x | $1.83 Million |
| 2019 | -4.10% | 0.00% | 0.00x | 1.17x | $-9.27 Million |
| 2020 | -2.67% | 0.00% | 0.00x | 1.19x | $-8.13 Million |
| 2021 | -3.78% | 0.00% | 0.00x | 1.23x | $-8.80 Million |
| 2022 | -87.05% | 0.00% | 0.00x | 1.23x | $-36.76 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.00 Million |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.47 Million |
Industry Comparison
This section compares Fortune Minerals Limited'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 |
|---|---|---|---|---|
| Fortune Minerals Limited (FTMDF) | $-10.79 Million | 3.70% | N/A | $22.10 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 |