Keweenaw Land Association Limited
Keweenaw Land Association, Limited operates as a mineral land management company that focuses on mineral assets. The company owns and leases mineral rights in Michigan and Wisconsin. It also leases real property consisting of mineral assets. The company was founded in 1865 and is headquartered in Ironwood, Michigan.
Keweenaw Land Association Limited (KEWL) - Net Assets
Latest net assets as of June 2025: $14.30 Million USD
Based on the latest financial reports, Keweenaw Land Association Limited (KEWL) has net assets worth $14.30 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($14.66 Million) and total liabilities ($355.82K). 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 | $14.30 Million |
| % of Total Assets | 97.57% |
| Annual Growth Rate | -1.09% |
| 5-Year Change | -41.0% |
| 10-Year Change | -25.96% |
| Growth Volatility | 10.25 |
Keweenaw Land Association Limited - Net Assets Trend (2012–2024)
This chart illustrates how Keweenaw Land Association 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 Keweenaw Land Association Limited (2012–2024)
The table below shows the annual net assets of Keweenaw Land Association Limited from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $14.31 Million | -6.80% |
| 2023-12-31 | $15.35 Million | +0.71% |
| 2022-12-31 | $15.25 Million | -17.14% |
| 2021-12-31 | $18.40 Million | -24.15% |
| 2020-12-31 | $24.26 Million | +12.39% |
| 2019-12-31 | $21.58 Million | +7.41% |
| 2018-12-31 | $20.09 Million | -2.41% |
| 2017-12-31 | $20.59 Million | +2.45% |
| 2016-12-31 | $20.10 Million | +3.97% |
| 2015-12-31 | $19.33 Million | +7.09% |
| 2014-12-31 | $18.05 Million | +6.04% |
| 2013-12-31 | $17.02 Million | +4.27% |
| 2012-12-31 | $16.33 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Keweenaw Land Association 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 12.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $14.15 Million | 98.87% |
| Common Stock | $161.60K | 1.13% |
| Total Equity | $14.31 Million | 100.00% |
Keweenaw Land Association Limited Competitors by Market Cap
The table below lists competitors of Keweenaw Land Association Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
General European Strategic Investments Inc
PINK:GESI
|
$309.55K |
|
Maj Invest Opsp høj aktieandel
CO:MAJOHA
|
$309.62K |
|
Schibsted ASA Class A
OL:VENDA
|
$309.99K |
|
Cross River Ventures Corp
PINK:CSRVF
|
$310.00K |
|
Radha Madhav Corporation Limited
NSE:RMCL
|
$309.34K |
|
TEVANO SYSTEMS HLDGS INC.
F:7RBA
|
$309.24K |
|
NetJobs Group AB
ST:NJOB
|
$309.00K |
|
RAFAKO SA
WAR:RFK
|
$308.61K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Keweenaw Land Association Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 15,354,620 to 14,310,974, a change of -1,043,646 (-6.8%).
- Net income of 262,499 contributed positively to equity growth.
- Share repurchases of 1,394,091 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $262.50K | +1.83% |
| Share Repurchases | $1.39 Million | -9.74% |
| Other Changes | $87.95K | +0.61% |
| Total Change | $- | -6.80% |
Book Value vs Market Value Analysis
This analysis compares Keweenaw Land Association 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
- Current price-to-book ratio: 2.76x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 2.58x to 2.76x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | $13.15 | $34.00 | x |
| 2014-12-31 | $13.93 | $34.00 | x |
| 2015-12-31 | $14.90 | $34.00 | x |
| 2016-12-31 | $15.48 | $34.00 | x |
| 2017-12-31 | $15.84 | $34.00 | x |
| 2018-12-31 | $15.44 | $34.00 | x |
| 2019-12-31 | $16.52 | $34.00 | x |
| 2020-12-31 | $18.74 | $34.00 | x |
| 2021-12-31 | $14.20 | $34.00 | x |
| 2022-12-31 | $12.91 | $34.00 | x |
| 2023-12-31 | $13.04 | $34.00 | x |
| 2024-12-31 | $12.32 | $34.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Keweenaw Land Association 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): 1.83%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 70.46%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.03x
- Recent ROE (1.83%) is above the historical average (-10.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 6.38% | 10.77% | 0.52x | 1.14x | $-591.60K |
| 2013 | 4.15% | 8.03% | 0.38x | 1.37x | $-996.09K |
| 2014 | 4.74% | 8.20% | 0.43x | 1.34x | $-949.11K |
| 2015 | 5.98% | 10.19% | 0.45x | 1.30x | $-777.07K |
| 2016 | 3.48% | 6.38% | 0.41x | 1.32x | $-1.31 Million |
| 2017 | 2.76% | 4.67% | 0.30x | 1.97x | $-1.49 Million |
| 2018 | -2.20% | -2.74% | 0.41x | 1.98x | $-2.45 Million |
| 2019 | 9.90% | 9.96% | 0.66x | 1.51x | $-21.93K |
| 2020 | 14.06% | 1830.04% | 0.01x | 1.33x | $985.00K |
| 2021 | -181.90% | -16557.51% | 0.00x | 3.18x | $-35.31 Million |
| 2022 | -5.58% | -314.74% | 0.02x | 1.02x | $-2.37 Million |
| 2023 | 1.10% | 57.66% | 0.02x | 1.02x | $-1.37 Million |
| 2024 | 1.83% | 70.46% | 0.03x | 1.03x | $-1.17 Million |
Industry Comparison
This section compares Keweenaw Land Association 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 |
|---|---|---|---|---|
| Keweenaw Land Association Limited (KEWL) | $14.30 Million | 6.38% | 0.02x | $309.50K |
| 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 |