Horseshoe Metals Limited (6HS.S
Horseshoe Metals Limited (6HS.S operates in Diversified Metals & Mining.
Horseshoe Metals Limited (6HS.S (6HS) - Net Assets
Latest net assets as of December 2023: €-560.53K EUR
Based on the latest financial reports, Horseshoe Metals Limited (6HS.S (6HS) has net assets worth €-560.53K EUR as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€8.54 Million) and total liabilities (€9.10 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 | €-560.53K |
| % of Total Assets | -6.56% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | -119.93% |
| Growth Volatility | 85.4 |
Horseshoe Metals Limited (6HS.S - Net Assets Trend (2013–2023)
This chart illustrates how Horseshoe Metals Limited (6HS.S's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Horseshoe Metals Limited (6HS.S (2013–2023)
The table below shows the annual net assets of Horseshoe Metals Limited (6HS.S from 2013 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €-560.53K | +63.45% |
| 2022-12-31 | €-1.53 Million | +16.48% |
| 2021-12-31 | €-1.84 Million | +34.55% |
| 2020-12-31 | €-2.81 Million | -15.57% |
| 2019-12-31 | €-2.43 Million | -29.08% |
| 2018-12-31 | €-1.88 Million | -51.63% |
| 2017-12-31 | €-1.24 Million | -204.57% |
| 2016-12-31 | €1.19 Million | -11.34% |
| 2015-12-31 | €1.34 Million | -52.43% |
| 2014-12-31 | €2.81 Million | +16.69% |
| 2013-12-31 | €2.41 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Horseshoe Metals Limited (6HS.S'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 1407456300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €26.36 Million | % |
| Total Equity | €-560.53K | 100.00% |
Horseshoe Metals Limited (6HS.S Competitors by Market Cap
The table below lists competitors of Horseshoe Metals Limited (6HS.S ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alpha Real Trust Ltd
LSE:ARTL
|
$233.87 |
|
AJA Health and Wellness Inc.
V:AJA
|
$234.48 |
|
GRIID Infrastructure Inc. Warrant
NASDAQ:GRDIW
|
$234.53 |
|
Top End Energy Ltd
AU:TEE
|
$235.08 |
|
First Fidelity Leasing Modaraba
KAR:FFLM
|
$233.53 |
|
NEWERA RES
BE:N7U
|
$233.16 |
|
IKEJA HOTELS PLC
XNSA:IKEJAHOTEL
|
$232.88 |
|
BENTOEL INTL INVEST
MU:LFV
|
$232.83 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Horseshoe Metals Limited (6HS.S's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -1,533,736 to -560,526, a change of 973,210.
- Net loss of 1,291,925 reduced equity.
- Share repurchases of 148,933 reduced equity.
- New share issuances of 2,000,000 increased equity.
- Other factors increased equity by 414,068.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-1.29 Million | -230.48% |
| Share Repurchases | €148.93K | -26.57% |
| Share Issuances | €2.00 Million | +356.81% |
| Other Changes | €414.07K | +73.87% |
| Total Change | €- | % |
Book Value vs Market Value Analysis
This analysis compares Horseshoe Metals Limited (6HS.S'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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €-0.01 | €0.03 | x |
| 2018-12-31 | €-0.01 | €0.03 | x |
| 2019-12-31 | €-0.01 | €0.03 | x |
| 2020-12-31 | €-0.01 | €0.03 | x |
| 2021-12-31 | €0.00 | €0.03 | x |
| 2022-12-31 | €0.00 | €0.03 | x |
| 2023-12-31 | €0.00 | €0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Horseshoe Metals Limited (6HS.S 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): 0.00%
- 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: 0.00x
- Recent ROE (0.00%) is above the historical average (-52.83%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -349.80% | -11877.71% | 0.01x | 2.90x | €-8.67 Million |
| 2014 | -46.13% | -2966.10% | 0.01x | 2.58x | €-1.58 Million |
| 2015 | -112.01% | -889.07% | 0.03x | 4.99x | €-1.63 Million |
| 2016 | -73.22% | -1523617.54% | 0.00x | 5.61x | €-987.06K |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | €-2.30 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | €-452.32K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | €-504.14K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | €-891.44K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | €-2.13 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | €-2.21 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | €-1.24 Million |
Industry Comparison
This section compares Horseshoe Metals Limited (6HS.S's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $107,279,526,363
- Average return on equity (ROE) among peers: 7.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Horseshoe Metals Limited (6HS.S (6HS) | €-560.53K | -349.80% | N/A | $233.80 |
| HORIBA (01H) | $204.49 Billion | 10.42% | 0.82x | $973.51K |
| Tokyu Corporation (01T) | $747.05 Billion | 9.38% | 2.03x | $93.98K |
| GUANGZHOU AUTO -H- (02G) | $77.92 Billion | 13.99% | 0.70x | $4.23K |
| MOSAIC (02M) | $9.37 Billion | -11.39% | 1.06x | $267.55K |
| MOSAIC (02M.SG) (02M) | $10.72 Billion | 9.59% | 0.71x | $264.31K |
| CHINA JO-JO DRGSTRS (04CN.SG) (04CN) | $22.74 Million | -14.04% | 3.68x | $1.51 Million |
| KRAKATAU STEEL -B- (07K) | $587.19 Million | 7.57% | 5.43x | $166.88 |
| CN MODERN DAIRY (07M.SG) (07M) | $8.04 Billion | 9.58% | 0.94x | $1.66K |
| TOURMALINE OIL (08T) | $13.69 Billion | 32.78% | 0.38x | $376.57K |
| ASIA CASSAVA RESOUR (0ACS) | $913.15 Million | 2.86% | 1.55x | $343.89 |