Premium Nickel Resources Ltd.
Premium Nickel Resources Ltd., through its subsidiaries, engages in acquisition, exploration, and evaluation of mineral properties in Botswana, Greenland, and Canada. It primarily explores for nickel, copper, cobalt, and platinum group metals deposits. The company is headquartered in Toronto, Canada.
Premium Nickel Resources Ltd. (PNRLF) - Net Assets
Latest net assets as of September 2024: $7.72 Million USD
Based on the latest financial reports, Premium Nickel Resources Ltd. (PNRLF) has net assets worth $7.72 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($37.29 Million) and total liabilities ($29.57 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 | $7.72 Million |
| % of Total Assets | 20.7% |
| Annual Growth Rate | 9.19% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 50.28 |
Premium Nickel Resources Ltd. - Net Assets Trend (2020–2023)
This chart illustrates how Premium Nickel 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 Premium Nickel Resources Ltd. (2020–2023)
The table below shows the annual net assets of Premium Nickel Resources Ltd. from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $50.78 Million | +86.79% |
| 2022-12-31 | $27.19 Million | -34.01% |
| 2021-12-31 | $41.20 Million | +5.61% |
| 2020-12-31 | $39.02 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Premium Nickel 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 3702445900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $126.43 Million | 248.95% |
| Other Comprehensive Income | $14.65 Million | 28.84% |
| Other Components | $31.52K | 0.06% |
| Total Equity | $50.78 Million | 100.00% |
Premium Nickel Resources Ltd. Competitors by Market Cap
The table below lists competitors of Premium Nickel Resources Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Haisung TPC Co. Ltd.
KQ:059270
|
$56.97 Million |
|
Emporiki Eisagogiki Aftokiniton Ditrohon kai Mihanon Thalassis Societe Anonyme
AT:MOTO
|
$56.98 Million |
|
CuongThuan Idico Development Investment Corp
VN:CTI
|
$56.99 Million |
|
Frasers Property (Thailand) Public Company Limited
BK:FPT
|
$57.04 Million |
|
Oeneo SA
PA:SBT
|
$56.93 Million |
|
Great Boulder Resources Ltd
AU:GBR
|
$56.92 Million |
|
Lix Solution Co.Ltd
KQ:029480
|
$56.92 Million |
|
NEW ZEALAND RURAL
F:8UK
|
$56.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Premium Nickel Resources Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 27,188,344 to 50,784,145, a change of 23,595,801 (86.8%).
- Net loss of 13,317,847 reduced equity.
- New share issuances of 39,774,312 increased equity.
- Other comprehensive income increased equity by 542,502.
- Other factors decreased equity by 3,403,166.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-13.32 Million | -26.22% |
| Share Issuances | $39.77 Million | +78.32% |
| Other Comprehensive Income | $542.50K | +1.07% |
| Other Changes | $-3.40 Million | -6.7% |
| Total Change | $- | 86.79% |
Book Value vs Market Value Analysis
This analysis compares Premium Nickel 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: 0.87x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.17x to 0.87x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $2.02 | $0.34 | x |
| 2021-12-31 | $2.85 | $0.34 | x |
| 2022-12-31 | $0.25 | $0.34 | x |
| 2023-12-31 | $0.40 | $0.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Premium Nickel 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): -26.22%
- 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: 1.50x
- Recent ROE (-26.22%) is above the historical average (-63.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -8.15% | 0.00% | 0.00x | 1.02x | $-7.08 Million |
| 2021 | -9.96% | 0.00% | 0.00x | 1.01x | $-8.22 Million |
| 2022 | -207.69% | 0.00% | 0.00x | 1.53x | $-59.19 Million |
| 2023 | -26.22% | 0.00% | 0.00x | 1.50x | $-18.40 Million |
Industry Comparison
This section compares Premium Nickel 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: $2,436,539,064
- Average return on equity (ROE) among peers: -72.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Premium Nickel Resources Ltd. (PNRLF) | $7.72 Million | -8.15% | 3.83x | $56.95 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 |