Alpha Exploration Ltd
Alpha Exploration Ltd., through its subsidiary, engages in the acquisition, exploration, and development of mineral resource properties in Eritrea. The company explores for gold, copper, silver, and volcanogenic massive sulphide deposits. Its main exploration property is the 100% owned Kerkasha Project consisting four areas of colonial workings and six artisanal gold mining prospects identified c… Read more
Alpha Exploration Ltd (ALEX) - Net Assets
Latest net assets as of September 2025: CA$17.97 Million CAD
Based on the latest financial reports, Alpha Exploration Ltd (ALEX) has net assets worth CA$17.97 Million CAD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$18.36 Million) and total liabilities (CA$395.82K). 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 | CA$17.97 Million |
| % of Total Assets | 97.84% |
| Annual Growth Rate | 33.74% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 19.78 |
Alpha Exploration Ltd - Net Assets Trend (2020–2024)
This chart illustrates how Alpha Exploration Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Alpha Exploration Ltd (2020–2024)
The table below shows the annual net assets of Alpha Exploration Ltd from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$15.98 Million | +8.18% |
| 2023-12-31 | CA$14.77 Million | +60.34% |
| 2022-12-31 | CA$9.21 Million | +26.15% |
| 2021-12-31 | CA$7.30 Million | +46.20% |
| 2020-12-31 | CA$4.99 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Alpha Exploration Ltd'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 231398500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$20.47 Million | 128.15% |
| Total Equity | CA$15.98 Million | 100.00% |
Alpha Exploration Ltd Competitors by Market Cap
The table below lists competitors of Alpha Exploration Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alfabs Australia Ltd
AU:AAL
|
$19.42 Million |
|
NatureWise Biotech & Medicals Corporation
TWO:4732
|
$19.42 Million |
|
First Hydrogen Corp
PINK:FHYDF
|
$19.42 Million |
|
CyberCatch Holdings Inc.
V:CYBE
|
$19.43 Million |
|
Soosung Innovation Co. Ltd.
KQ:084180
|
$19.41 Million |
|
BCWORLD PHARM. Co. Ltd
KQ:200780
|
$19.41 Million |
|
Kleannara
KO:004540
|
$19.40 Million |
|
Greenland Hong Kong Holdings Limited
F:QFRA
|
$19.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Alpha Exploration Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 14,769,379 to 15,977,049, a change of 1,207,670 (8.2%).
- Net loss of 391,139 reduced equity.
- New share issuances of 1,895,313 increased equity.
- Other factors decreased equity by 296,504.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-391.14K | -2.45% |
| Share Issuances | CA$1.90 Million | +11.86% |
| Other Changes | CA$-296.50K | -1.86% |
| Total Change | CA$- | 8.18% |
Book Value vs Market Value Analysis
This analysis compares Alpha Exploration Ltd'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: 3.06x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 5.82x to 3.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | CA$0.09 | CA$0.54 | x |
| 2021-12-31 | CA$0.14 | CA$0.54 | x |
| 2022-12-31 | CA$0.16 | CA$0.54 | x |
| 2023-12-31 | CA$0.17 | CA$0.54 | x |
| 2024-12-31 | CA$0.18 | CA$0.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Alpha Exploration Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -2.45%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.05x
- Recent ROE (-2.45%) is above the historical average (-11.97%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -37.44% | 0.00% | 0.00x | 1.27x | CA$-2.37 Million |
| 2021 | -10.62% | 0.00% | 0.00x | 1.17x | CA$-1.51 Million |
| 2022 | -4.21% | 0.00% | 0.00x | 1.08x | CA$-1.31 Million |
| 2023 | -5.14% | 0.00% | 0.00x | 1.08x | CA$-2.24 Million |
| 2024 | -2.45% | 0.00% | 0.00x | 1.05x | CA$-1.99 Million |
Industry Comparison
This section compares Alpha Exploration Ltd's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $4,626,105
- Average return on equity (ROE) among peers: -10.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Alpha Exploration Ltd (ALEX) | CA$17.97 Million | -37.44% | 0.02x | $19.42 Million |
| AC/DC Battery Metals Inc. (ACDC) | $1.48 Million | -20.93% | 0.02x | $487.04 |
| Archon Minerals Ltd (ACS) | $-2.07 Million | 0.00% | 0.00x | $1.79 Million |
| Adamera Minerals Corp. (ADZ) | $8.20 Million | -13.43% | 0.14x | $2.99 Million |
| Argonaut Exploration Inc. (AGA) | $6.54 Million | -40.86% | 0.13x | $74.49 Million |
| Angel Wing Metals Inc (AWM) | $9.86 Million | -19.57% | 0.07x | $2.70 Million |
| Arizona Gold & Silver Inc. (AZS) | $7.02 Million | -8.43% | 0.01x | $34.92 Million |
| Thunderbird Minerals Corp. (BIRD) | $100.00 | 0.00% | 0.00x | $539.80 |
| Bonanza Mining Corporation (BNZ) | $2.22 Million | -7.98% | 0.07x | $1.35 Million |
| Canadian Critical Minerals Inc. (CCMI) | $8.39 Million | 17.33% | 0.67x | $6.70 Million |