Metro Mining Limited
Metro Mining Limited, together with its subsidiaries, operates as an exploration and mining company. The company explores for bauxite. Its flagship project is the Bauxite Hills Mine property that covers an area of approximately 1,900 square kilometers located on Western Cape York. The company sells bauxite to its customers in China and United Arab Emirates. The company was formerly known as Metro… Read more
Metro Mining Limited (MMILF) - Net Assets
Latest net assets as of June 2025: $162.94 Million USD
Based on the latest financial reports, Metro Mining Limited (MMILF) has net assets worth $162.94 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 ($357.34 Million) and total liabilities ($194.40 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 | $162.94 Million |
| % of Total Assets | 45.6% |
| Annual Growth Rate | 8.41% |
| 5-Year Change | -66.97% |
| 10-Year Change | 147.12% |
| Growth Volatility | 124.36 |
Metro Mining Limited - Net Assets Trend (2008–2024)
This chart illustrates how Metro Mining 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 Metro Mining Limited (2008–2024)
The table below shows the annual net assets of Metro Mining Limited from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $40.60 Million | +307.96% |
| 2023-12-31 | $9.95 Million | -47.45% |
| 2022-12-31 | $18.94 Million | -54.90% |
| 2021-12-31 | $41.99 Million | -65.84% |
| 2020-12-31 | $122.92 Million | -8.33% |
| 2019-12-31 | $134.08 Million | +3.54% |
| 2018-12-31 | $129.50 Million | +11.54% |
| 2017-12-31 | $116.10 Million | +43.73% |
| 2016-12-31 | $80.78 Million | +391.62% |
| 2015-12-31 | $16.43 Million | +12.66% |
| 2014-12-31 | $14.59 Million | -15.35% |
| 2013-12-31 | $17.23 Million | -49.62% |
| 2012-12-31 | $34.20 Million | -1.86% |
| 2011-12-31 | $34.84 Million | +90.68% |
| 2010-12-31 | $18.27 Million | +77.37% |
| 2009-12-31 | $10.30 Million | -7.64% |
| 2008-12-31 | $11.16 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Metro Mining 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 2381.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $281.76 Million | 693.92% |
| Other Comprehensive Income | $13.31 Million | 32.79% |
| Total Equity | $40.60 Million | 100.00% |
Metro Mining Limited Competitors by Market Cap
The table below lists competitors of Metro Mining Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nano X Imaging Ltd
NASDAQ:NNOX
|
$169.56 Million |
|
NORSKE SKOG AS NK 4
F:0BQ
|
$169.57 Million |
|
BASE Inc
PINK:BAINF
|
$169.59 Million |
|
EL. STRASBG NOM. EO 10
F:7Z2
|
$169.61 Million |
|
GigCapital7 Corp.
NASDAQ:GIGGU
|
$169.54 Million |
|
IFE Elevators Co Ltd
SHE:002774
|
$169.51 Million |
|
Zhejiang Bofay Elec Co Ltd
SHE:001255
|
$169.49 Million |
|
Changzhou Evergreen Technology Co. Ltd. A
SHE:001324
|
$169.48 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Metro Mining Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,953,000 to 40,604,000, a change of 30,651,000 (308.0%).
- Net loss of 22,001,000 reduced equity.
- Share repurchases of 5,198,000 reduced equity.
- New share issuances of 104,306,000 increased equity.
- Other comprehensive income decreased equity by 1,821,000.
- Other factors decreased equity by 44,635,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-22.00 Million | -54.18% |
| Share Repurchases | $5.20 Million | -12.8% |
| Share Issuances | $104.31 Million | +256.89% |
| Other Comprehensive Income | $-1.82 Million | -4.48% |
| Other Changes | $-44.63 Million | -109.93% |
| Total Change | $- | 307.96% |
Book Value vs Market Value Analysis
This analysis compares Metro Mining 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: 5.01x
- 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 0.12x to 5.01x 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 | $0.27 | $0.03 | x |
| 2009-12-31 | $0.06 | $0.03 | x |
| 2010-12-31 | $0.08 | $0.03 | x |
| 2011-12-31 | $0.13 | $0.03 | x |
| 2012-12-31 | $0.12 | $0.03 | x |
| 2013-12-31 | $0.06 | $0.03 | x |
| 2014-12-31 | $0.04 | $0.03 | x |
| 2015-12-31 | $0.04 | $0.03 | x |
| 2016-12-31 | $0.09 | $0.03 | x |
| 2017-12-31 | $0.07 | $0.03 | x |
| 2018-12-31 | $0.10 | $0.03 | x |
| 2019-12-31 | $0.08 | $0.03 | x |
| 2020-12-31 | $0.07 | $0.03 | x |
| 2021-12-31 | $0.02 | $0.03 | x |
| 2022-12-31 | $0.01 | $0.03 | x |
| 2023-12-31 | $0.00 | $0.03 | x |
| 2024-12-31 | $0.01 | $0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Metro Mining 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): -54.18%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.16%
- • Asset Turnover: 1.26x
- • Equity Multiplier: 5.99x
- Recent ROE (-54.18%) is above the historical average (-59.97%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | -15.68% | 0.00% | 0.00x | 1.15x | $-2.65 Million |
| 2010 | -13.31% | 0.00% | 0.00x | 1.10x | $-4.26 Million |
| 2011 | -31.15% | 0.00% | 0.00x | 1.05x | $-14.34 Million |
| 2012 | -2.15% | -146.11% | 0.01x | 1.03x | $-4.15 Million |
| 2013 | -105.42% | -3995.48% | 0.02x | 1.06x | $-19.21 Million |
| 2014 | -17.06% | -1090.47% | 0.01x | 1.05x | $-3.95 Million |
| 2015 | -41.59% | -4881.43% | 0.01x | 1.07x | $-8.48 Million |
| 2016 | -2.94% | 0.00% | 0.00x | 1.26x | $-10.45 Million |
| 2017 | -14.97% | -68.68% | 0.16x | 1.35x | $-28.99 Million |
| 2018 | -3.42% | -3.74% | 0.59x | 1.55x | $-17.38 Million |
| 2019 | 2.70% | 1.82% | 0.91x | 1.62x | $-9.79 Million |
| 2020 | -9.05% | -8.67% | 0.63x | 1.64x | $-23.42 Million |
| 2021 | -251.23% | -65.88% | 1.05x | 3.63x | $-109.70 Million |
| 2022 | -264.65% | -28.18% | 1.37x | 6.84x | $-52.02 Million |
| 2023 | -135.46% | -5.72% | 1.40x | 16.98x | $-14.48 Million |
| 2024 | -54.18% | -7.16% | 1.26x | 5.99x | $-26.06 Million |
Industry Comparison
This section compares Metro Mining 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 |
|---|---|---|---|---|
| Metro Mining Limited (MMILF) | $162.94 Million | -15.68% | 1.19x | $169.56 Million |
| 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 |