Labrador Iron Ore Royalty Corporation
Labrador Iron Ore Royalty Corporation, through its subsidiary, Hollinger-Hanna Limited, holds a 15.10% equity interest in Iron Ore Company of Canada that produces and processes iron ores in Canada. The company offers standard and low silica acid, low silica flux, and direct reduction pellets; iron ore concentrates; and seaborne iron ore pellets. It also operates an iron mine, concentrator, and pe… Read more
Labrador Iron Ore Royalty Corporation (LIFZF) - Net Assets
Latest net assets as of September 2025: $645.73 Million USD
Based on the latest financial reports, Labrador Iron Ore Royalty Corporation (LIFZF) has net assets worth $645.73 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 ($813.43 Million) and total liabilities ($167.70 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 | $645.73 Million |
| % of Total Assets | 79.38% |
| Annual Growth Rate | 3.2% |
| 5-Year Change | 13.52% |
| 10-Year Change | 13.0% |
| Growth Volatility | 21.5 |
Labrador Iron Ore Royalty Corporation - Net Assets Trend (1998–2024)
This chart illustrates how Labrador Iron Ore Royalty Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Labrador Iron Ore Royalty Corporation (1998–2024)
The table below shows the annual net assets of Labrador Iron Ore Royalty Corporation from 1998 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $642.93 Million | -2.49% |
| 2023-12-31 | $659.33 Million | +3.43% |
| 2022-12-31 | $637.46 Million | +13.01% |
| 2021-12-31 | $564.06 Million | -0.41% |
| 2020-12-31 | $566.37 Million | +5.40% |
| 2019-12-31 | $537.34 Million | -9.06% |
| 2018-12-31 | $590.85 Million | +3.01% |
| 2017-12-31 | $573.59 Million | -1.76% |
| 2016-12-31 | $583.85 Million | +2.61% |
| 2015-12-31 | $568.97 Million | -1.51% |
| 2014-12-31 | $577.72 Million | -0.96% |
| 2013-12-31 | $583.33 Million | +7.45% |
| 2012-12-31 | $542.87 Million | +98.33% |
| 2011-12-31 | $273.72 Million | +17.57% |
| 2010-12-31 | $232.82 Million | -43.65% |
| 2009-12-31 | $413.15 Million | +2.75% |
| 2008-12-31 | $402.08 Million | +5.60% |
| 2007-12-31 | $380.76 Million | +5.11% |
| 2006-12-31 | $362.24 Million | +7.61% |
| 2005-12-31 | $336.62 Million | +5.40% |
| 2004-12-31 | $319.37 Million | +7.91% |
| 2003-12-31 | $295.96 Million | +9.34% |
| 2002-12-31 | $270.67 Million | -6.88% |
| 2001-12-31 | $290.69 Million | -3.92% |
| 2000-12-31 | $302.54 Million | +7.50% |
| 1999-12-31 | $281.43 Million | -0.70% |
| 1998-12-31 | $283.41 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Labrador Iron Ore Royalty Corporation'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 46403.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $330.97 Million | 51.48% |
| Common Stock | $317.71 Million | 49.42% |
| Other Comprehensive Income | $-5.74 Million | -0.89% |
| Total Equity | $642.93 Million | 100.00% |
Labrador Iron Ore Royalty Corporation Competitors by Market Cap
The table below lists competitors of Labrador Iron Ore Royalty Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Flow Traders Ltd.
PINK:FLTLF
|
$1.21 Billion |
|
ONESOURCE SPECIALTY PHARMA LTD
NSE:ONESOURCE
|
$1.21 Billion |
|
MillerKnoll Inc
NASDAQ:MLKN
|
$1.21 Billion |
|
Lindsay Corporation
NYSE:LNN
|
$1.21 Billion |
|
Enel Américas S.A
SN:ENELAM
|
$1.21 Billion |
|
Stx Heavy Indu
KO:071970
|
$1.21 Billion |
|
Fosun International Ltd
PINK:FOSUF
|
$1.21 Billion |
|
People.Cn Co Ltd
SHG:603000
|
$1.21 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Labrador Iron Ore Royalty Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 659,332,000 to 642,932,000, a change of -16,400,000 (-2.5%).
- Net income of 175,039,000 contributed positively to equity growth.
- Dividend payments of 172,800,000 reduced retained earnings.
- Other comprehensive income increased equity by 561,000.
- Other factors decreased equity by 19,200,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $175.04 Million | +27.23% |
| Dividends Paid | $172.80 Million | -26.88% |
| Other Comprehensive Income | $561.00K | +0.09% |
| Other Changes | $-19.20 Million | -2.99% |
| Total Change | $- | -2.49% |
Book Value vs Market Value Analysis
This analysis compares Labrador Iron Ore Royalty Corporation'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: 1.88x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.00x to 1.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | $4.72 | $18.88 | x |
| 1999-12-31 | $4.69 | $18.88 | x |
| 2000-12-31 | $5.04 | $18.88 | x |
| 2001-12-31 | $4.84 | $18.88 | x |
| 2002-12-31 | $4.51 | $18.88 | x |
| 2003-12-31 | $4.93 | $18.88 | x |
| 2004-12-31 | $4.99 | $18.88 | x |
| 2005-12-31 | $5.26 | $18.88 | x |
| 2006-12-31 | $5.66 | $18.88 | x |
| 2007-12-31 | $5.95 | $18.88 | x |
| 2008-12-31 | $6.28 | $18.88 | x |
| 2009-12-31 | $6.47 | $18.88 | x |
| 2010-12-31 | $3.64 | $18.88 | x |
| 2011-12-31 | $4.27 | $18.88 | x |
| 2012-12-31 | $8.47 | $18.88 | x |
| 2013-12-31 | $9.13 | $18.88 | x |
| 2014-12-31 | $9.04 | $18.88 | x |
| 2015-12-31 | $8.85 | $18.88 | x |
| 2016-12-31 | $9.11 | $18.88 | x |
| 2017-12-31 | $8.97 | $18.88 | x |
| 2018-12-31 | $9.24 | $18.88 | x |
| 2019-12-31 | $8.40 | $18.88 | x |
| 2020-12-31 | $8.85 | $18.88 | x |
| 2021-12-31 | $8.81 | $18.88 | x |
| 2022-12-31 | $9.96 | $18.88 | x |
| 2023-12-31 | $10.30 | $18.88 | x |
| 2024-12-31 | $10.05 | $18.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Labrador Iron Ore Royalty Corporation 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): 27.23%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 84.35%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 1.30x
- Recent ROE (27.23%) is below the historical average (27.46%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 12.49% | 63.83% | 0.18x | 1.07x | $7.04 Million |
| 1999 | 11.02% | 72.38% | 0.13x | 1.16x | $2.87 Million |
| 2000 | 15.70% | 104.06% | 0.09x | 1.66x | $17.24 Million |
| 2001 | 10.11% | 71.53% | 0.08x | 1.73x | $322.51K |
| 2002 | 4.18% | 25.82% | 0.09x | 1.77x | $-15.75 Million |
| 2003 | 18.68% | 135.39% | 0.09x | 1.61x | $25.69 Million |
| 2004 | 6.26% | 53.04% | 0.08x | 1.45x | $-11.96 Million |
| 2005 | 25.56% | 108.10% | 0.15x | 1.54x | $52.38 Million |
| 2006 | 26.07% | 113.44% | 0.16x | 1.41x | $58.19 Million |
| 2007 | 21.25% | 119.67% | 0.13x | 1.34x | $42.85 Million |
| 2008 | 43.90% | 108.04% | 0.29x | 1.38x | $136.31 Million |
| 2009 | 18.17% | 97.46% | 0.14x | 1.31x | $33.75 Million |
| 2010 | 85.52% | 121.08% | 0.24x | 2.92x | $175.83 Million |
| 2011 | 65.51% | 110.64% | 0.24x | 2.44x | $151.94 Million |
| 2012 | 18.43% | 80.77% | 0.18x | 1.28x | $45.74 Million |
| 2013 | 25.51% | 107.01% | 0.18x | 1.33x | $90.50 Million |
| 2014 | 18.02% | 88.93% | 0.16x | 1.27x | $46.36 Million |
| 2015 | 9.61% | 53.88% | 0.14x | 1.25x | $-2.24 Million |
| 2016 | 13.39% | 68.05% | 0.16x | 1.26x | $19.79 Million |
| 2017 | 27.42% | 99.39% | 0.21x | 1.31x | $99.93 Million |
| 2018 | 21.75% | 98.61% | 0.17x | 1.29x | $69.40 Million |
| 2019 | 38.21% | 115.92% | 0.24x | 1.38x | $151.61 Million |
| 2020 | 40.11% | 112.51% | 0.25x | 1.45x | $170.56 Million |
| 2021 | 67.33% | 135.89% | 0.35x | 1.40x | $323.37 Million |
| 2022 | 41.64% | 114.26% | 0.28x | 1.30x | $201.70 Million |
| 2023 | 28.26% | 93.08% | 0.24x | 1.27x | $120.37 Million |
| 2024 | 27.23% | 84.35% | 0.25x | 1.30x | $110.75 Million |
Industry Comparison
This section compares Labrador Iron Ore Royalty Corporation's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $10,879,360,340
- Average return on equity (ROE) among peers: 3.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Labrador Iron Ore Royalty Corporation (LIFZF) | $645.73 Million | 12.49% | 0.26x | $1.21 Billion |
| Acerinox S.A. (ACRXF) | $1.93 Billion | -3.09% | 1.28x | $1.71 Billion |
| ArcelorMittal SA (AMSYF) | $11.98 Billion | 27.55% | 1.59x | $12.85 Billion |
| Angang Steel Company Limited (ANGGF) | $50.39 Billion | 11.12% | 0.77x | $641.51 Million |
| Aperam PK (APEMY) | $3.79 Billion | 7.21% | 0.73x | $1.17 Billion |
| Aperam SA (APMSF) | $2.52 Billion | 11.35% | 0.72x | $1.31 Billion |
| ArcelorMittal South Africa Ltd (ARCXF) | $28.00 Billion | 33.51% | 0.34x | $14.02 Million |
| Algoma Steel Group Inc (ASTL) | $173.80 Million | -92.29% | 7.94x | $280.31 Million |
| Algoma Steel Group Inc. Warrant (ASTLW) | $-530.90 Million | 0.00% | 0.00x | $6.74 Million |
| BCI Minerals Limited (BIRNF) | $103.61 Million | 12.45% | 0.26x | $227.67 Million |
| BlueScope Steel Limited (BLSFF) | $10.45 Billion | 26.90% | 0.59x | $5.72 Billion |