Horizonte Minerals Plc
Horizonte Minerals Plc, together with its subsidiaries, engages in the exploration and development of mineral projects in Brazil. The company primarily explores for nickel deposits, as well as cobalt deposits. It holds 100% interest in the Araguaia ferronickel; and the Vermelho Nickel-Cobalt project in the eastern part of the Carajás mining district. The company is headquartered in London, the Un… Read more
Horizonte Minerals Plc (HZMMF) - Net Assets
Latest net assets as of June 2023: $335.45 Million USD
Based on the latest financial reports, Horizonte Minerals Plc (HZMMF) has net assets worth $335.45 Million USD as of June 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($691.80 Million) and total liabilities ($356.35 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 | $335.45 Million |
| % of Total Assets | 48.49% |
| Annual Growth Rate | 40.08% |
| 5-Year Change | 538.48% |
| 10-Year Change | 664.92% |
| Growth Volatility | 215.0 |
Horizonte Minerals Plc - Net Assets Trend (2005–2022)
This chart illustrates how Horizonte Minerals Plc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Horizonte Minerals Plc (2005–2022)
The table below shows the annual net assets of Horizonte Minerals Plc from 2005 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $299.43 Million | +30.42% |
| 2021-12-31 | $229.58 Million | +686.81% |
| 2020-12-31 | $29.18 Million | -29.90% |
| 2019-12-31 | $41.63 Million | -11.24% |
| 2018-12-31 | $46.90 Million | -11.57% |
| 2017-12-31 | $53.03 Million | +16.00% |
| 2016-12-31 | $45.72 Million | +57.87% |
| 2015-12-31 | $28.96 Million | -28.91% |
| 2014-12-31 | $40.73 Million | +4.06% |
| 2013-12-31 | $39.15 Million | -12.09% |
| 2012-12-31 | $44.53 Million | +8.63% |
| 2011-12-31 | $40.99 Million | +18.05% |
| 2010-12-31 | $34.72 Million | +516.01% |
| 2009-12-31 | $5.64 Million | +22.86% |
| 2008-12-31 | $4.59 Million | -48.69% |
| 2007-12-31 | $8.94 Million | +63.94% |
| 2006-12-31 | $5.45 Million | +461.04% |
| 2005-12-31 | $972.19K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Horizonte Minerals Plc'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 5006543355.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $70.33 Million | 23.49% |
| Other Comprehensive Income | $-36.98 Million | -12.35% |
| Other Components | $316.26 Million | 105.62% |
| Total Equity | $299.43 Million | 100.00% |
Horizonte Minerals Plc Competitors by Market Cap
The table below lists competitors of Horizonte Minerals Plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Venus Concept Inc
NASDAQ:VERO
|
$503.56K |
|
RODINIA OIL-A
F:RRO
|
$503.77K |
|
Metal Energy Corp
OTCQB:MEEEF
|
$503.79K |
|
BRIT AMER TOBACCO
MU:BMT
|
$503.89K |
|
NO GRAVITY GAMES ZY -10
F:8YX
|
$502.85K |
|
FREEPORT MCMORAN (FPMB.SG)
STU:FPMB
|
$502.67K |
|
WILH. WILH HOLD -A-
BE:WML1
|
$502.56K |
|
TECHNE CORP
BE:TE1
|
$502.24K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Horizonte Minerals Plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 229,582,458 to 299,429,703, a change of 69,847,245 (30.4%).
- Net loss of 11,669,037 reduced equity.
- New share issuances of 82,136,429 increased equity.
- Other comprehensive income decreased equity by 7,219,942.
- Other factors increased equity by 6,599,795.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-11.67 Million | -3.9% |
| Share Issuances | $82.14 Million | +27.43% |
| Other Comprehensive Income | $-7.22 Million | -2.41% |
| Other Changes | $6.60 Million | +2.2% |
| Total Change | $- | 30.42% |
Book Value vs Market Value Analysis
This analysis compares Horizonte Minerals Plc'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: 0.00x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | $0.66 | $0.00 | x |
| 2006-12-31 | $4.42 | $0.00 | x |
| 2007-12-31 | $5.18 | $0.00 | x |
| 2008-12-31 | $2.27 | $0.00 | x |
| 2009-12-31 | $2.46 | $0.00 | x |
| 2010-12-31 | $5.37 | $0.00 | x |
| 2011-12-31 | $2.97 | $0.00 | x |
| 2012-12-31 | $2.73 | $0.00 | x |
| 2013-12-31 | $2.05 | $0.00 | x |
| 2014-12-31 | $1.85 | $0.00 | x |
| 2015-12-31 | $1.09 | $0.00 | x |
| 2016-12-31 | $0.06 | $0.00 | x |
| 2017-12-31 | $0.90 | $0.00 | x |
| 2018-12-31 | $0.66 | $0.00 | x |
| 2019-12-31 | $0.58 | $0.00 | x |
| 2020-12-31 | $0.40 | $0.00 | x |
| 2021-12-31 | $2.70 | $0.00 | x |
| 2022-12-31 | $1.48 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Horizonte Minerals Plc 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): -3.90%
- 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: 1.74x
- Recent ROE (-3.90%) is above the historical average (-10.44%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | -12.57% | 0.00% | 0.00x | 1.16x | $-219.39K |
| 2006 | -6.75% | 0.00% | 0.00x | 1.03x | $-913.78K |
| 2007 | -9.18% | 0.00% | 0.00x | 1.06x | $-1.72 Million |
| 2008 | -47.78% | 0.00% | 0.00x | 1.09x | $-2.65 Million |
| 2009 | -25.42% | 0.00% | 0.00x | 1.10x | $-2.00 Million |
| 2010 | 2.80% | 0.00% | 0.00x | 1.29x | $-2.50 Million |
| 2011 | -6.83% | 0.00% | 0.00x | 1.24x | $-6.90 Million |
| 2012 | -9.03% | 0.00% | 0.00x | 1.20x | $-8.48 Million |
| 2013 | -11.43% | 0.00% | 0.00x | 1.21x | $-8.39 Million |
| 2014 | -4.75% | 0.00% | 0.00x | 1.18x | $-6.01 Million |
| 2015 | -8.46% | 0.00% | 0.00x | 1.35x | $-5.35 Million |
| 2016 | -3.82% | 0.00% | 0.00x | 1.12x | $-6.32 Million |
| 2017 | -4.25% | 0.00% | 0.00x | 1.12x | $-7.56 Million |
| 2018 | -5.25% | 0.00% | 0.00x | 1.14x | $-7.15 Million |
| 2019 | -12.58% | 0.00% | 0.00x | 1.87x | $-9.40 Million |
| 2020 | -10.64% | 0.00% | 0.00x | 2.34x | $-6.02 Million |
| 2021 | -8.06% | 0.00% | 0.00x | 1.35x | $-41.47 Million |
| 2022 | -3.90% | 0.00% | 0.00x | 1.74x | $-41.61 Million |
Industry Comparison
This section compares Horizonte Minerals Plc'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: $2,860,622,178
- Average return on equity (ROE) among peers: -17.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Horizonte Minerals Plc (HZMMF) | $335.45 Million | -12.57% | 1.06x | $503.14K |
| Asia Broadband Inc (AABB) | $-613.21K | 0.00% | 0.00x | $228.68 |
| Altair Resources Inc (AAEEF) | $-1.37 Million | 0.00% | 0.00x | $165.38K |
| Aftermath Silver Ltd (AAGFF) | $18.53 Million | -47.33% | 0.52x | $99.81 Million |
| Anglo American plc (AAUKF) | $28.53 Billion | -10.75% | 1.27x | $26.36 Billion |
| Abacus Mining & Exploration Corporation (ABCFF) | $-12.92 Million | 0.00% | 0.00x | $1.95 Million |
| Vision Lithium Inc (ABEPF) | $526.04K | -142.32% | 1.21x | $3.75 Million |
| Arbor Metals Corp (ABRMF) | $584.31K | -19.85% | 0.08x | $3.05 Million |
| ACG Metals Limited (ACGAF) | $58.31 Million | -22.45% | 2.63x | $121.32 Million |
| ACME Lithium Inc (ACLHF) | $-375.11K | 0.00% | 0.00x | $561.74K |
| ACMNF (ACMNF) | $10.55 Million | 67.11% | 0.22x | $14.34 Million |