Premier African Minerals Limited
Premier African Minerals Limited, together with its subsidiaries, engages in the investment, mining, exploration, evaluation, and development of natural resource properties on the African continent. It explores for tungsten, lithium, tantalum, fluorspar, rare earth elements, and gold deposits. The company was formerly known as G&B African Resources Limited and changed its name to Premier African … Read more
Premier African Minerals Limited (PRMMF) - Net Assets
Latest net assets as of December 2024: $7.43 Million USD
Based on the latest financial reports, Premier African Minerals Limited (PRMMF) has net assets worth $7.43 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($66.39 Million) and total liabilities ($58.96 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 | $7.43 Million |
| % of Total Assets | 11.19% |
| Annual Growth Rate | 8.42% |
| 5-Year Change | -10.05% |
| 10-Year Change | N/A |
| Growth Volatility | 46.43 |
Premier African Minerals Limited - Net Assets Trend (2019–2024)
This chart illustrates how Premier African Minerals 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 Premier African Minerals Limited (2019–2024)
The table below shows the annual net assets of Premier African Minerals Limited from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $7.43 Million | -48.85% |
| 2023-12-31 | $14.53 Million | -13.47% |
| 2022-12-31 | $16.79 Million | +17.85% |
| 2021-12-31 | $14.25 Million | +72.44% |
| 2020-12-31 | $8.26 Million | +66.57% |
| 2019-12-31 | $4.96 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Premier African Minerals 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 5118700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $92.73 Million | 441.26% |
| Total Equity | $21.01 Million | 100.00% |
Premier African Minerals Limited Competitors by Market Cap
The table below lists competitors of Premier African Minerals Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SANCUS LENDING GROUP LTD.
F:97F
|
$1.86 Million |
|
Stuve Gold Corp
V:STUV
|
$1.86 Million |
|
Tellusgruppen AB
ST:TELLUS
|
$1.86 Million |
|
Global Engine Group Holding Limited Ordinary Shares
NASDAQ:GLE
|
$1.86 Million |
|
First High-School Education Group Co Ltd
PINK:FHSEY
|
$1.86 Million |
|
Highway 50 Gold Corp
PINK:HGGCF
|
$1.85 Million |
|
CopperEx Resources Corporation
V:CUEX
|
$1.85 Million |
|
Kanani Industries Limited
NSE:KANANIIND
|
$1.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Premier African Minerals Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 27,684,000 to 21,014,000, a change of -6,670,000 (-24.1%).
- Net loss of 19,309,000 reduced equity.
- New share issuances of 13,374,000 increased equity.
- Other factors decreased equity by 735,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-19.31 Million | -91.89% |
| Share Issuances | $13.37 Million | +63.64% |
| Other Changes | $-735.00K | -3.5% |
| Total Change | $- | -24.09% |
Book Value vs Market Value Analysis
This analysis compares Premier African Minerals 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: 0.51x
- 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 0.21x to 0.51x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $0.00 | $0.00 | x |
| 2020-12-31 | $0.00 | $0.00 | x |
| 2021-12-31 | $0.00 | $0.00 | x |
| 2022-12-31 | $0.00 | $0.00 | x |
| 2023-12-31 | $0.00 | $0.00 | x |
| 2024-12-31 | $0.00 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Premier African Minerals 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): -91.89%
- 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: 3.16x
- Recent ROE (-91.89%) is below the historical average (-30.87%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -7.45% | 0.00% | 0.00x | 0.46x | $-2.87 Million |
| 2020 | -4.41% | 0.00% | 0.00x | 0.46x | $-2.90 Million |
| 2021 | 10.30% | 0.00% | 0.00x | 0.58x | $80.40K |
| 2022 | -18.16% | 0.00% | 0.00x | 1.73x | $-8.31 Million |
| 2023 | -73.60% | 0.00% | 0.00x | 2.35x | $-23.14 Million |
| 2024 | -91.89% | 0.00% | 0.00x | 3.16x | $-21.41 Million |
Industry Comparison
This section compares Premier African Minerals 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: $2,860,622,178
- Average return on equity (ROE) among peers: -17.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Premier African Minerals Limited (PRMMF) | $7.43 Million | -7.45% | 7.93x | $1.86 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 |