SPC Nickel Corp
SPC Nickel Corp., a mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Canada. It primarily explores for nickel, copper, and platinum group metals. The company holds 100% interests in the Muskox Project located in Nunavut; Lockerby East Property project located in Ontario; and Aer-Kidd Project located in Ontario. The company was formerly… Read more
SPC Nickel Corp (SPCNF) - Net Assets
Latest net assets as of November 2025: $1.60 Million USD
Based on the latest financial reports, SPC Nickel Corp (SPCNF) has net assets worth $1.60 Million USD as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.90 Million) and total liabilities ($307.06K). 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 | $1.60 Million |
| % of Total Assets | 83.86% |
| Annual Growth Rate | 25.5% |
| 5-Year Change | -54.24% |
| 10-Year Change | N/A |
| Growth Volatility | 99.39 |
SPC Nickel Corp - Net Assets Trend (2019–2025)
This chart illustrates how SPC Nickel Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SPC Nickel Corp (2019–2025)
The table below shows the annual net assets of SPC Nickel Corp from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-08-31 | $2.19 Million | +20.12% |
| 2024-08-31 | $1.82 Million | -2.42% |
| 2023-08-31 | $1.87 Million | -50.92% |
| 2022-08-31 | $3.81 Million | -20.46% |
| 2021-08-31 | $4.78 Million | +184.29% |
| 2020-08-31 | $1.68 Million | +200.37% |
| 2019-08-31 | $560.33K | -- |
Equity Component Analysis
This analysis shows how different components contribute to SPC Nickel Corp'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 1738986700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (August 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $26.19 Million | 1195.71% |
| Other Comprehensive Income | $514.98K | 23.51% |
| Other Components | $1.12 Million | 51.04% |
| Total Equity | $2.19 Million | 100.00% |
SPC Nickel Corp Competitors by Market Cap
The table below lists competitors of SPC Nickel Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
VerifyMe Inc
NASDAQ:VRME
|
$8.79 Million |
|
Oil Terminal C
RO:OIL
|
$8.79 Million |
|
KRM22 Plc
PINK:KRMCF
|
$8.79 Million |
|
GSD Technologies Co. Ltd
TW:6641
|
$8.79 Million |
|
Eastparc Hotel Tbk PT
JK:EAST
|
$8.78 Million |
|
Guerrilla RF Inc.
OTCQX:GUER
|
$8.78 Million |
|
Globlex Holding Management Public Company Limited
BK:GBX
|
$8.78 Million |
|
Star Money PCL
BK:SM
|
$8.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SPC Nickel Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,822,801 to 2,190,000, a change of 367,199 (20.1%).
- Net loss of 3,000,000 reduced equity.
- New share issuances of 3,500,000 increased equity.
- Other comprehensive income increased equity by 514,975.
- Other factors decreased equity by 647,776.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.00 Million | -136.99% |
| Share Issuances | $3.50 Million | +159.82% |
| Other Comprehensive Income | $514.98K | +23.51% |
| Other Changes | $-647.78K | -29.58% |
| Total Change | $- | 20.14% |
Book Value vs Market Value Analysis
This analysis compares SPC Nickel Corp'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: 2.38x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 2.26x to 2.38x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-08-31 | $0.01 | $0.03 | x |
| 2020-08-31 | $0.02 | $0.03 | x |
| 2021-08-31 | $0.05 | $0.03 | x |
| 2022-08-31 | $0.03 | $0.03 | x |
| 2023-08-31 | $0.01 | $0.03 | x |
| 2024-08-31 | $0.01 | $0.03 | x |
| 2025-08-31 | $0.01 | $0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SPC Nickel Corp 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): -136.99%
- 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: 1.45x
- Recent ROE (-136.99%) is below the historical average (-125.19%), 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 | -122.23% | 0.00% | 0.00x | 1.73x | $-740.93K |
| 2020 | -55.40% | 0.00% | 0.00x | 1.09x | $-1.10 Million |
| 2021 | -90.08% | 0.00% | 0.00x | 1.27x | $-4.79 Million |
| 2022 | -118.37% | 0.00% | 0.00x | 1.10x | $-4.89 Million |
| 2023 | -233.08% | 0.00% | 0.00x | 1.46x | $-4.54 Million |
| 2024 | -120.21% | 0.00% | 0.00x | 1.28x | $-2.37 Million |
| 2025 | -136.99% | 0.00% | 0.00x | 1.45x | $-3.22 Million |
Industry Comparison
This section compares SPC Nickel Corp'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 |
|---|---|---|---|---|
| SPC Nickel Corp (SPCNF) | $1.60 Million | -122.23% | 0.19x | $8.78 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 |