Spey Resources Corp
Spey Resources Corp. engages in the acquisition and exploration of mineral property assets in Canada. The company primarily explores for silver and lithium deposits. Its flagship property is the Candela II project located in Province of Salta, Argentina. Spey Resources Corp. is based in Vancouver, Canada.
Spey Resources Corp (SPEYF) - Net Assets
Latest net assets as of August 2024: $2.57 Million USD
Based on the latest financial reports, Spey Resources Corp (SPEYF) has net assets worth $2.57 Million USD as of August 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.49 Million) and total liabilities ($920.82K). 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 | $2.57 Million |
| % of Total Assets | 73.59% |
| Annual Growth Rate | 63.55% |
| 5-Year Change | 2508.86% |
| 10-Year Change | N/A |
| Growth Volatility | 428.11 |
Spey Resources Corp - Net Assets Trend (2017–2023)
This chart illustrates how Spey Resources 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 Spey Resources Corp (2017–2023)
The table below shows the annual net assets of Spey Resources Corp from 2017 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-11-30 | $2.99 Million | -60.88% |
| 2022-11-30 | $7.66 Million | +103.22% |
| 2021-11-30 | $3.77 Million | +1171.25% |
| 2020-11-30 | $296.35K | +158.16% |
| 2019-11-30 | $114.79K | -56.88% |
| 2018-11-30 | $266.23K | +70.04% |
| 2017-11-30 | $156.57K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Spey Resources 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 2072544300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $21.42 Million | 715.18% |
| Other Comprehensive Income | $140.30K | 4.68% |
| Other Components | $2.22 Million | 74.10% |
| Total Equity | $2.99 Million | 100.00% |
Spey Resources Corp Competitors by Market Cap
The table below lists competitors of Spey Resources Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Amundi Physical Gold ETC C
AS:GOLD
|
$1.87 Million |
|
Graphano Energy Ltd
PINK:GELEF
|
$1.87 Million |
|
Luokung Technology Corp
NASDAQ:LKCO
|
$1.87 Million |
|
Eat Well Investment Group Inc
PINK:EWGFF
|
$1.87 Million |
|
AEROVIRONMENT (JPX.SG)
STU:JPX
|
$1.87 Million |
|
Bitterroot Resources Ltd
PINK:BITTF
|
$1.86 Million |
|
Clearside Biomedical Inc
NASDAQ:CLSD
|
$1.86 Million |
|
SUNRISE RESOURCES LS-001
F:S4D
|
$1.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Spey Resources Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 7,655,902 to 2,994,790, a change of -4,661,112 (-60.9%).
- Net loss of 5,499,613 reduced equity.
- Other comprehensive income decreased equity by 16,934.
- Other factors increased equity by 855,435.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-5.50 Million | -183.64% |
| Other Comprehensive Income | $-16.93K | -0.57% |
| Other Changes | $855.43K | +28.56% |
| Total Change | $- | -60.88% |
Book Value vs Market Value Analysis
This analysis compares Spey Resources 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: 0.37x
- 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 decreased from 7.37x to 0.37x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-11-30 | $0.01 | $0.10 | x |
| 2018-11-30 | $0.02 | $0.10 | x |
| 2019-11-30 | $0.01 | $0.10 | x |
| 2020-11-30 | $0.02 | $0.10 | x |
| 2021-11-30 | $0.78 | $0.10 | x |
| 2022-11-30 | $0.10 | $0.10 | x |
| 2023-11-30 | $0.27 | $0.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Spey Resources 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): -183.64%
- 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: 1.33x
- Recent ROE (-183.64%) is below the historical average (-146.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -36.68% | 0.00% | 0.00x | 1.02x | $-73.09K |
| 2018 | -96.61% | 0.00% | 0.00x | 1.11x | $-283.83K |
| 2019 | -270.02% | 0.00% | 0.00x | 1.17x | $-321.44K |
| 2020 | -93.60% | 0.00% | 0.00x | 1.07x | $-307.03K |
| 2021 | -283.16% | 0.00% | 0.00x | 1.06x | $-11.04 Million |
| 2022 | -60.51% | 0.00% | 0.00x | 1.12x | $-5.40 Million |
| 2023 | -183.64% | 0.00% | 0.00x | 1.33x | $-5.80 Million |
Industry Comparison
This section compares Spey Resources 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: $2,860,622,178
- Average return on equity (ROE) among peers: -17.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Spey Resources Corp (SPEYF) | $2.57 Million | -36.68% | 0.36x | $1.87 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 |