Group Eleven Resources Corp
Group Eleven Resources Corp., a mineral exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Ireland. It primarily explores for zinc, lead, and silver deposits. The company owns 100% interest in the Silvermines project comprising two prospecting licenses (PLs) covering an area of 43.0 square kilometers located in the western Ireland; the PG West pr… Read more
Group Eleven Resources Corp (GRLVF) - Net Assets
Latest net assets as of December 2024: $9.97 Million USD
Based on the latest financial reports, Group Eleven Resources Corp (GRLVF) has net assets worth $9.97 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($10.73 Million) and total liabilities ($760.47K). 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 | $9.97 Million |
| % of Total Assets | 92.91% |
| Annual Growth Rate | 66.73% |
| 5-Year Change | -5.72% |
| 10-Year Change | N/A |
| Growth Volatility | 530.95 |
Group Eleven Resources Corp - Net Assets Trend (2015–2024)
This chart illustrates how Group Eleven Resources 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 Group Eleven Resources Corp (2015–2024)
The table below shows the annual net assets of Group Eleven Resources Corp from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $9.97 Million | -12.92% |
| 2023-12-31 | $11.45 Million | +22.32% |
| 2022-12-31 | $9.36 Million | +0.44% |
| 2021-12-31 | $9.32 Million | -11.88% |
| 2020-12-31 | $10.57 Million | +17.77% |
| 2019-12-31 | $8.98 Million | -14.28% |
| 2018-12-31 | $10.47 Million | -22.73% |
| 2017-12-31 | $13.55 Million | +684.33% |
| 2016-12-31 | $1.73 Million | +1627.95% |
| 2015-12-31 | $100.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Group Eleven Resources 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 decreased by 2088926600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $26.18 Million | 374.46% |
| Other Comprehensive Income | $1.76 Million | 25.19% |
| Total Equity | $6.99 Million | 100.00% |
Group Eleven Resources Corp Competitors by Market Cap
The table below lists competitors of Group Eleven Resources Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Verdera Energy Corp.
V:V
|
$17.13 Million |
|
authID Inc.
NASDAQ:AUID
|
$17.13 Million |
|
Sejal Glass Limited
NSE:SEJALLTD
|
$17.13 Million |
|
Optimax Holdings Sdn Bhd
KLSE:0222
|
$17.14 Million |
|
Allbirds Inc
NASDAQ:BIRD
|
$17.13 Million |
|
Generic Sweden publ AB
ST:GENI
|
$17.12 Million |
|
Iz Hayvancilik Tarim ve Gida Sanayi Ticaret AS
IS:IZINV
|
$17.12 Million |
|
Southern Energy Corp
V:SOU
|
$17.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Group Eleven Resources Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,573,406 to 6,992,631, a change of -1,580,775 (-18.4%).
- Net loss of 3,375,624 reduced equity.
- Other comprehensive income increased equity by 233,983.
- Other factors increased equity by 1,560,866.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.38 Million | -48.27% |
| Other Comprehensive Income | $233.98K | +3.35% |
| Other Changes | $1.56 Million | +22.32% |
| Total Change | $- | -18.44% |
Book Value vs Market Value Analysis
This analysis compares Group Eleven Resources 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: 3.54x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 29.10x to 3.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $0.00 | $0.12 | x |
| 2016-12-31 | $0.11 | $0.12 | x |
| 2017-12-31 | $0.30 | $0.12 | x |
| 2018-12-31 | $0.12 | $0.12 | x |
| 2019-12-31 | $0.10 | $0.12 | x |
| 2020-12-31 | $0.08 | $0.12 | x |
| 2021-12-31 | $0.05 | $0.12 | x |
| 2022-12-31 | $0.04 | $0.12 | x |
| 2023-12-31 | $0.05 | $0.12 | x |
| 2024-12-31 | $0.03 | $0.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Group Eleven Resources 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): -48.27%
- 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: 1.53x
- Recent ROE (-48.27%) is below the historical average (-38.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -63.79% | 0.00% | 0.00x | 1.20x | $-73.79K |
| 2016 | -34.10% | 0.00% | 0.00x | 1.12x | $-762.08K |
| 2017 | -22.92% | 0.00% | 0.00x | 1.35x | $-3.46 Million |
| 2018 | -46.01% | 0.00% | 0.00x | 1.51x | $-4.09 Million |
| 2019 | -46.81% | 0.00% | 0.00x | 1.63x | $-3.46 Million |
| 2020 | -24.94% | 0.00% | 0.00x | 1.52x | $-2.61 Million |
| 2021 | -31.68% | 0.00% | 0.00x | 1.58x | $-2.61 Million |
| 2022 | -37.33% | 0.00% | 0.00x | 1.57x | $-3.05 Million |
| 2023 | -28.99% | 0.00% | 0.00x | 1.44x | $-3.34 Million |
| 2024 | -48.27% | 0.00% | 0.00x | 1.53x | $-4.07 Million |
Industry Comparison
This section compares Group Eleven Resources 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 |
|---|---|---|---|---|
| Group Eleven Resources Corp (GRLVF) | $9.97 Million | -63.79% | 0.08x | $17.13 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 |