Mkango Resources Ltd
Mkango Resources Ltd., together with its subsidiaries, explores for and develops rare earth elements and associated minerals in Malawi, United Kingdom, and Poland. The company also explores for uranium, tantalum, niobium, rutile, nickel, cobalt, corundum, zircon, ilmenite, gold, graphite, base metals, platinum group metals, vanadium, chromium, and niobium deposits. Its flagship project is the Son… Read more
Mkango Resources Ltd (MKNGF) - Net Assets
Latest net assets as of September 2025: $-1.69 Million USD
Based on the latest financial reports, Mkango Resources Ltd (MKNGF) has net assets worth $-1.69 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 ($13.11 Million) and total liabilities ($14.80 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 | $-1.69 Million |
| % of Total Assets | -12.87% |
| Annual Growth Rate | 20.94% |
| 5-Year Change | 17.18% |
| 10-Year Change | N/A |
| Growth Volatility | 1320.46 |
Mkango Resources Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Mkango Resources Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mkango Resources Ltd (2008–2024)
The table below shows the annual net assets of Mkango Resources Ltd from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $6.43 Million | +41.77% |
| 2023-12-31 | $4.54 Million | +489.15% |
| 2022-12-31 | $-1.17 Million | -129.12% |
| 2021-12-31 | $4.00 Million | -27.06% |
| 2020-12-31 | $5.49 Million | -41.05% |
| 2019-12-31 | $9.31 Million | +716.69% |
| 2018-12-31 | $1.14 Million | +190.99% |
| 2017-12-31 | $-1.25 Million | -183.81% |
| 2016-12-31 | $-441.63K | +39.65% |
| 2015-12-31 | $-731.81K | +56.54% |
| 2014-12-31 | $-1.68 Million | -666.33% |
| 2013-12-31 | $297.32K | -2.43% |
| 2012-12-31 | $304.72K | -89.75% |
| 2011-12-31 | $2.97 Million | -41.43% |
| 2010-12-31 | $5.07 Million | +4443.71% |
| 2009-12-31 | $111.67K | -63.63% |
| 2008-12-31 | $307.02K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mkango Resources Ltd'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 4720568237.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $45.25 Million | 1166.23% |
| Other Comprehensive Income | $-63.94K | -1.65% |
| Other Components | $6.07 Million | 156.44% |
| Total Equity | $3.88 Million | 100.00% |
Mkango Resources Ltd Competitors by Market Cap
The table below lists competitors of Mkango Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PT Indonesia Kendaraan Terminal Tbk
JK:IPCC
|
$37.02 Million |
|
Aluula Composites Inc.
V:AUUA
|
$37.02 Million |
|
Kayseri Seker Fabrikasi AS
IS:KAYSE
|
$37.02 Million |
|
Monteiro Aranha S.A
SA:MOAR3
|
$37.02 Million |
|
Khonburi Sugar Public Company Limited
BK:KBS
|
$37.00 Million |
|
Mobile Appliance Inc.
KQ:087260
|
$36.99 Million |
|
Peoplein Ltd
AU:PPE
|
$36.98 Million |
|
Sea Forest Limited
AU:SEA
|
$36.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mkango Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,534,128 to 3,879,719, a change of 1,345,591 (53.1%).
- Net loss of 786,000 reduced equity.
- New share issuances of 2,914,214 increased equity.
- Other comprehensive income increased equity by 6,110.
- Other factors decreased equity by 788,733.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-786.00K | -20.26% |
| Share Issuances | $2.91 Million | +75.11% |
| Other Comprehensive Income | $6.11K | +0.16% |
| Other Changes | $-788.73K | -20.33% |
| Total Change | $- | 53.10% |
Book Value vs Market Value Analysis
This analysis compares Mkango Resources Ltd'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: 11.15x
- 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 increased from 0.27x to 11.15x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | $0.59 | $0.16 | x |
| 2009-12-31 | $-0.34 | $0.16 | x |
| 2010-12-31 | $13.51 | $0.16 | x |
| 2011-12-31 | $0.24 | $0.16 | x |
| 2012-12-31 | $0.02 | $0.16 | x |
| 2013-12-31 | $0.02 | $0.16 | x |
| 2014-12-31 | $-0.07 | $0.16 | x |
| 2015-12-31 | $-0.01 | $0.16 | x |
| 2016-12-31 | $-0.01 | $0.16 | x |
| 2017-12-31 | $-0.01 | $0.16 | x |
| 2018-12-31 | $0.03 | $0.16 | x |
| 2019-12-31 | $0.10 | $0.16 | x |
| 2020-12-31 | $0.08 | $0.16 | x |
| 2021-12-31 | $0.03 | $0.16 | x |
| 2022-12-31 | $-0.01 | $0.16 | x |
| 2023-12-31 | $0.01 | $0.16 | x |
| 2024-12-31 | $0.01 | $0.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mkango Resources Ltd 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): -20.26%
- 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: 2.76x
- Recent ROE (-20.26%) is above the historical average (-135.79%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -54.07% | -4656.38% | 0.01x | 1.03x | $-196.70K |
| 2009 | 0.00% | -369.18% | 0.01x | 0.00x | $15.48K |
| 2010 | -15.04% | -43926.31% | 0.00x | 1.55x | $-1.27 Million |
| 2011 | -114.64% | 0.00% | 0.00x | 1.33x | $-3.70 Million |
| 2012 | -938.12% | 0.00% | 0.00x | 1.47x | $-2.89 Million |
| 2013 | -638.37% | 0.00% | 0.00x | 1.71x | $-1.93 Million |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.14 Million |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $603.48K |
| 2016 | 0.00% | -646261.07% | 0.00x | 0.00x | $-802.44K |
| 2017 | 0.00% | -653366.58% | 0.00x | 0.00x | $-2.49 Million |
| 2018 | -170.88% | -432829.05% | 0.00x | 0.80x | $-6.06 Million |
| 2019 | -13.96% | 0.00% | 0.00x | 0.80x | $-2.93 Million |
| 2020 | -23.24% | 0.00% | 0.00x | 0.57x | $-3.39 Million |
| 2021 | -159.84% | 0.00% | 0.00x | 1.31x | $-6.80 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-5.87 Million |
| 2023 | -160.09% | 0.00% | 0.00x | 3.65x | $-4.31 Million |
| 2024 | -20.26% | 0.00% | 0.00x | 2.76x | $-1.17 Million |
Industry Comparison
This section compares Mkango Resources Ltd'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 |
|---|---|---|---|---|
| Mkango Resources Ltd (MKNGF) | $-1.69 Million | -54.07% | N/A | $37.01 Million |
| 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 |