Merger Mines Corporation
Merger Mines Corporation designs, develops, and manufactures laser vein miner arrays. Its laser vein miner arrays incorporate the use of robotics and highly sophisticated computer programs that are designed to achieve maximum production from mines. The company also holds interests in approximately 600 acres of unpatented mining properties located in Shoshone County, Kootenai County, and Boundary … Read more
Merger Mines Corporation (MERG) - Net Assets
Latest net assets as of December 2022: $167.98K USD
Based on the latest financial reports, Merger Mines Corporation (MERG) has net assets worth $167.98K USD as of December 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($190.12K) and total liabilities ($22.14K). 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 | $167.98K |
| % of Total Assets | 88.36% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Merger Mines Corporation - Net Assets Trend (2017–2022)
This chart illustrates how Merger Mines 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 Merger Mines Corporation (2017–2022)
The table below shows the annual net assets of Merger Mines Corporation from 2017 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $167.98K | +124.75% |
| 2021-12-31 | $-678.62K | -4.16% |
| 2020-12-31 | $-651.50K | -5.67% |
| 2019-12-31 | $-616.54K | -35.29% |
| 2018-12-31 | $-455.73K | -103.78% |
| 2017-12-31 | $-223.63K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Merger Mines 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 decreased by 84667100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $130.20K | 71.70% |
| Other Components | $2.18 Million | 1199.77% |
| Total Equity | $181.58K | 100.00% |
Merger Mines Corporation Competitors by Market Cap
The table below lists competitors of Merger Mines Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jain Resource Recycling Limited
NSE:JAINREC
|
$45.32K |
|
RBM INFRACON LIMITED
NSE:RBMINFRA-ST
|
$45.42K |
|
InterCloud Systems Inc
PINK:ICLD
|
$45.43K |
|
Dae Chang Forging Co. Ltd.
KQ:015230
|
$45.49K |
|
Altri S.G.P.S. S.A
MU:ACJ
|
$45.28K |
|
Componenta Oyj
LSE:0E2J
|
$45.27K |
|
AF2 Capital Corp
V:AF-P
|
$45.26K |
|
Grayscale Livepeer Trust (LPT)
OTCQX:GLIV
|
$45.18K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Merger Mines Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 167,983 to 181,579, a change of 13,596 (8.1%).
- Net income of 13,596 contributed positively to equity growth.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $13.60K | +7.49% |
| Total Change | $- | 8.09% |
Book Value vs Market Value Analysis
This analysis compares Merger Mines 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: 35.85x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $-0.63 | $5.00 | x |
| 2018-12-31 | $-1.11 | $5.00 | x |
| 2019-12-31 | $-1.45 | $5.00 | x |
| 2020-12-31 | $-1.18 | $5.00 | x |
| 2021-12-31 | $-1.23 | $5.00 | x |
| 2022-12-31 | $0.13 | $5.00 | x |
| 2023-12-31 | $0.14 | $5.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Merger Mines 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): 7.49%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.00x
- Recent ROE (7.49%) is above the historical average (-22.32%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | $-312.64K |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-318.43K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-131.35K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $36.22K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $40.74K |
| 2022 | -163.71% | 0.00% | 0.00x | 1.13x | $-291.80K |
| 2023 | 7.49% | 0.00% | 0.00x | 1.00x | $-4.56K |
Industry Comparison
This section compares Merger Mines Corporation's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $9,705,177,506
- Average return on equity (ROE) among peers: -74.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Merger Mines Corporation (MERG) | $167.98K | 0.00% | 0.13x | $45.28K |
| AbraSilver Resource Corp (ABBRF) | $3.05 Million | -108.70% | 0.31x | $280.10 Million |
| American Copper Development Corporation (ACDXF) | $-331.64K | 0.00% | 0.00x | $1.96 Million |
| American Creek Resources Ltd (ACKRF) | $2.36 Million | -67.11% | 0.29x | $23.79 Million |
| American Clean Resources Group Inc. (ACRG) | $23.29 Million | -69.73% | 0.66x | $9.52 Million |
| Adyton Resources Corporation (ADYRF) | $14.98 Million | 5.60% | 0.05x | $26.44 Million |
| Austral Gold Limited (AGLDF) | $542.56K | -504.60% | 1.47x | $4.83 Million |
| Anglo American Platinum Limited (AGPPF) | $96.96 Billion | 50.69% | 0.82x | $8.40 Billion |
| Athena Gold Corp (AHNR) | $4.96 Million | -13.77% | 0.26x | $779.22K |
| Alaska Energy Metals Corporation (AKEMF) | $26.15 Million | -33.81% | 0.05x | $14.55 Million |
| ALXPF (ALXPF) | $14.77 Million | -5.14% | 0.08x | $24.72 Million |