Bullet Exploration Inc
Bullet Exploration Inc. engages in the acquisition and exploration of mineral property assets in Canada. The company primarily explores for copper and gold deposits. It has an option to acquire an 100% interest in the Copper Canyon property which consist of seven claims covering an area of 2,853 hectares located in Nicola Mining Division of the Province of British Columbia; and the Jefferson prop… Read more
Bullet Exploration Inc (AMMO) - Net Assets
Latest net assets as of June 2024: CA$4.51 Million CAD
Based on the latest financial reports, Bullet Exploration Inc (AMMO) has net assets worth CA$4.51 Million CAD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$4.77 Million) and total liabilities (CA$255.52K). 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$4.51 Million |
| % of Total Assets | 94.64% |
| Annual Growth Rate | -12.64% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 129.4 |
Bullet Exploration Inc - Net Assets Trend (2019–2023)
This chart illustrates how Bullet Exploration 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 Bullet Exploration Inc (2019–2023)
The table below shows the annual net assets of Bullet Exploration Inc from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | CA$1.26 Million | +197.94% |
| 2022-12-31 | CA$422.40K | -26.46% |
| 2021-12-31 | CA$574.36K | +427.47% |
| 2020-12-31 | CA$-175.39K | -108.12% |
| 2019-12-31 | CA$2.16 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bullet Exploration 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 grown by 1786806100.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$2.33 Million | 185.20% |
| Total Equity | CA$1.26 Million | 100.00% |
Bullet Exploration Inc Competitors by Market Cap
The table below lists competitors of Bullet Exploration Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hitechpros
PA:ALHIT
|
$3.16 Million |
|
PT Mitra Pack Tbk
JK:PTMP
|
$3.16 Million |
|
Mex Polska S.A.
WAR:MEX
|
$3.16 Million |
|
Grounded Lithium Corp.
V:GRD
|
$3.16 Million |
|
Termorex
WAR:TRR
|
$3.15 Million |
|
yarrl S.A.
WAR:YRL
|
$3.15 Million |
|
Sumi Indo Kabel Tbk
JK:IKBI
|
$3.15 Million |
|
Ageson Bhd
KLSE:7145
|
$3.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bullet Exploration Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 422,404 to 1,258,499, a change of 836,095 (197.9%).
- Net loss of 108,607 reduced equity.
- New share issuances of 944,702 increased equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-108.61K | -8.63% |
| Share Issuances | CA$944.70K | +75.07% |
| Total Change | CA$- | 197.94% |
Book Value vs Market Value Analysis
This analysis compares Bullet Exploration 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: 2.09x
- 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 0.87x to 2.09x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CA$0.12 | CA$0.10 | x |
| 2020-12-31 | CA$-0.01 | CA$0.10 | x |
| 2021-12-31 | CA$0.03 | CA$0.10 | x |
| 2022-12-31 | CA$0.02 | CA$0.10 | x |
| 2023-12-31 | CA$0.05 | CA$0.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bullet Exploration Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -8.63%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.04x
- Recent ROE (-8.63%) is above the historical average (-45.19%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -41.07% | -19.49% | 0.08x | 25.74x | CA$-1.10 Million |
| 2020 | 0.00% | -462.90% | 0.88x | 0.00x | CA$-1.50 Million |
| 2021 | -117.42% | 0.00% | 0.00x | 1.13x | CA$-731.87K |
| 2022 | -58.80% | 0.00% | 0.00x | 1.32x | CA$-290.61K |
| 2023 | -8.63% | 0.00% | 0.00x | 1.04x | CA$-234.46K |
Industry Comparison
This section compares Bullet Exploration Inc'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: $34,019,828
- Average return on equity (ROE) among peers: -70.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bullet Exploration Inc (AMMO) | CA$4.51 Million | -41.07% | 0.06x | $3.15 Million |
| Asbestos Corporation Limited (AB-H) | $-20.02 Million | 0.00% | 0.00x | $467.16K |
| Asiabasemetals Inc (ABZ) | $-394.71K | 0.00% | 0.00x | $1.49 Million |
| Alphamin Res (AFM) | $310.73 Million | 15.51% | 0.36x | $456.79 Million |
| African Metals Corporation (AFR) | $942.26K | -69.83% | 0.14x | $409.36K |
| AM Resources Corp (AMR) | $596.66K | -503.92% | 1.17x | $2.45 Million |
| Andina Copper Corporation (ANDC) | $6.58 Million | -35.34% | 0.01x | $101.97 Million |
| Auriginal Mining Corp. (AUME) | $8.45 Million | -20.72% | 0.21x | $6.12 Million |
| Aurora Royalties Inc (AUR-H) | $350.13K | -16.93% | 0.05x | $266.34K |
| Balto Resources Ltd (BAL-H) | $-1.07 Million | 0.00% | 0.00x | $375.18K |