Xmet Inc
Xmet Inc., a mineral exploration company, acquires, explores, and develops mineral properties in Canada. It focuses on exploration of gold and graphite deposits in Quebec and Ontario. It holds interests in the Blackflake property located in northern Ontario, Canada; and Grasset gold, copper, and zinc property, which consists of 114 contiguous exploration licenses totaling an area of 7,040 hectare… Read more
Xmet Inc (XMTTF) - Net Assets
Latest net assets as of September 2016: $1.24 Million USD
Based on the latest financial reports, Xmet Inc (XMTTF) has net assets worth $1.24 Million USD as of September 2016.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.85 Million) and total liabilities ($617.97K). 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 | $1.24 Million |
| % of Total Assets | 66.67% |
| Annual Growth Rate | -21.24% |
| 5-Year Change | -75.63% |
| 10-Year Change | N/A |
| Growth Volatility | 55.04 |
Xmet Inc - Net Assets Trend (2010–2015)
This chart illustrates how Xmet Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Xmet Inc (2010–2015)
The table below shows the annual net assets of Xmet Inc from 2010 to 2015.
| Year | Net Assets | Change |
|---|---|---|
| 2015-12-31 | $1.36 Million | -34.39% |
| 2014-12-31 | $2.08 Million | +85.38% |
| 2013-12-31 | $1.12 Million | -77.36% |
| 2012-12-31 | $4.95 Million | -11.47% |
| 2011-12-31 | $5.59 Million | +24.33% |
| 2010-12-31 | $4.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Xmet Inc'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 491650215.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2015)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $6.28 Million | 460.90% |
| Other Comprehensive Income | $6.28 Million | 460.90% |
| Total Equity | $1.36 Million | 100.00% |
Xmet Inc Competitors by Market Cap
The table below lists competitors of Xmet Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bell Rose Capital Inc
PINK:BELR
|
$14.81 |
|
Blast Applications
PINK:IFBC
|
$14.86 |
|
TOURIST COMPANY OF NIGERIA PLC
XNSA:TOURIST
|
$14.98 |
|
Spirit Blockchain Capital Inc.
F:JN9
|
$15.23 |
|
China Zhong Qi Holdings Ltd
PINK:CHZQ
|
$14.77 |
|
Arian Silver Corporation
STU:I3A1
|
$14.76 |
|
PETRICHOR EGY (YQNP.SG)
STU:YQNP
|
$14.48 |
|
Full Motion Beverage Inc
PINK:FMBV
|
$14.40 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xmet Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2014 to 2015, total equity changed from 2,076,131 to 1,362,112, a change of -714,019 (-34.4%).
- Net loss of 473,702 reduced equity.
- Share repurchases of 135,000 reduced equity.
- Other comprehensive income increased equity by 6,277,954.
- Other factors decreased equity by 6,383,271.
Equity Change Factors (2014 to 2015)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-473.70K | -34.78% |
| Share Repurchases | $135.00K | -9.91% |
| Other Comprehensive Income | $6.28 Million | +460.9% |
| Other Changes | $-6.38 Million | -468.63% |
| Total Change | $- | -34.39% |
Book Value vs Market Value Analysis
This analysis compares Xmet Inc'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: 0.13x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $0.01 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xmet Inc 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): -34.78%
- 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: 1.30x
- Recent ROE (-34.78%) is above the historical average (-94.26%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | -44.59% | 0.00% | 0.00x | 1.06x | $-2.45 Million |
| 2011 | -10.17% | 0.00% | 0.00x | 1.06x | $-1.13 Million |
| 2012 | -20.20% | -13247.57% | 0.00x | 1.05x | $-1.49 Million |
| 2013 | -417.37% | -35842.76% | 0.01x | 1.25x | $-4.79 Million |
| 2014 | -38.45% | 0.00% | 0.00x | 1.22x | $-1.01 Million |
| 2015 | -34.78% | 0.00% | 0.00x | 1.30x | $-609.91K |
Industry Comparison
This section compares Xmet Inc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $1,956,755,866
- Average return on equity (ROE) among peers: -68.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xmet Inc (XMTTF) | $1.24 Million | -44.59% | 0.50x | $14.78 |
| Almadex Minerals Ltd (AAMMF) | $14.43 Million | -15.31% | 0.02x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $14.72 Million | -5.86% | 0.05x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $542.08K | -7.78% | 0.16x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $925.43K | -59.62% | 0.09x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $206.54K | -11.57% | 1.00x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $19.42 Billion | 10.18% | 0.48x | $105.00 Billion |
| Affinity Gold Corp (AFYG) | $241.37K | -497.12% | 0.10x | $4.68K |
| Andes Gold Corp (AGCZ) | $648.20K | -54.33% | 0.04x | $0.95 |
| Antioquia Gold Inc (AGDXF) | $1.57 Million | -38.90% | 0.28x | $1.44 Million |