Comet Industries Ltd
Comet Industries Ltd. holds and manages real estate properties and the properties under development in the British Columbia. It is involved in the business of holding mineral properties. It holds a 40% working interest in five crown granted mineral claims comprising the Iron Mask property located in southwest Kamloops, British Columbia. The company was incorporated in 1966 and is based in Vancouv… Read more
Comet Industries Ltd (CMU) - Net Assets
Latest net assets as of April 2025: CA$9.62 Million CAD
Based on the latest financial reports, Comet Industries Ltd (CMU) has net assets worth CA$9.62 Million CAD as of April 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$9.76 Million) and total liabilities (CA$139.00K). 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$9.62 Million |
| % of Total Assets | 98.58% |
| Annual Growth Rate | 36.83% |
| 5-Year Change | 889.17% |
| 10-Year Change | N/A |
| Growth Volatility | 175.4 |
Comet Industries Ltd - Net Assets Trend (2014–2025)
This chart illustrates how Comet Industries 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 Comet Industries Ltd (2014–2025)
The table below shows the annual net assets of Comet Industries Ltd from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-01-31 | CA$9.67 Million | -3.57% |
| 2024-01-31 | CA$10.03 Million | +518.98% |
| 2023-01-31 | CA$1.62 Million | -6.95% |
| 2022-01-31 | CA$1.74 Million | +78.12% |
| 2018-01-31 | CA$977.99K | -0.01% |
| 2017-01-31 | CA$978.10K | +3.41% |
| 2016-01-31 | CA$945.85K | +231.05% |
| 2015-01-31 | CA$285.71K | -7.04% |
| 2014-01-31 | CA$307.34K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Comet Industries 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 grown by 807364900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (January 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$4.99 Million | 51.61% |
| Other Components | CA$4.68 Million | 48.39% |
| Total Equity | CA$9.67 Million | 100.00% |
Comet Industries Ltd Competitors by Market Cap
The table below lists competitors of Comet Industries Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dataworks Group Ltd
AU:DWG
|
$5.24 Million |
|
LDT Inc
KQ:096870
|
$5.25 Million |
|
Huadi International Group Co Ltd
NASDAQ:HUDI
|
$5.25 Million |
|
Sparta Commercial Services Inc
PINK:SRCO
|
$5.25 Million |
|
EV RESOURCES LTD.
F:R1EA
|
$5.24 Million |
|
Cazaly Resources Ltd
AU:CAZ
|
$5.24 Million |
|
Redsense Medical AB (publ)
OTCGREY:RDSNF
|
$5.24 Million |
|
Pan Asia Footwear Public Company Limited
BK:PAF
|
$5.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Comet Industries Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,032,466 to 9,673,978, a change of -358,488 (-3.6%).
- Net loss of 400,039 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-400.04K | -4.14% |
| Other Changes | CA$41.55K | +0.43% |
| Total Change | CA$- | -3.57% |
Book Value vs Market Value Analysis
This analysis compares Comet Industries 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: 1.93x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 10.45x to 1.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-01-31 | CA$0.37 | CA$3.90 | x |
| 2023-01-31 | CA$0.35 | CA$3.90 | x |
| 2024-01-31 | CA$2.15 | CA$3.90 | x |
| 2025-01-31 | CA$2.02 | CA$3.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Comet Industries Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -4.14%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -12354.51%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.02x
- Recent ROE (-4.14%) is below the historical average (7.19%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -27.08% | -20.82% | 0.23x | 5.55x | CA$-113.97K |
| 2015 | -7.92% | -5.31% | 0.26x | 5.65x | CA$-51.20K |
| 2016 | 6.15% | 9.65% | 0.28x | 2.29x | CA$-36.45K |
| 2017 | 3.30% | 6.60% | 0.22x | 2.23x | CA$-65.56K |
| 2018 | -0.01% | -0.02% | 0.24x | 2.22x | CA$-97.91K |
| 2022 | 20.68% | 84.82% | 0.16x | 1.52x | CA$186.00K |
| 2023 | -7.47% | -19.88% | 0.24x | 1.55x | CA$-283.22K |
| 2024 | 81.23% | 2309.35% | 0.03x | 1.12x | CA$7.15 Million |
| 2025 | -4.14% | -12354.51% | 0.00x | 1.02x | CA$-1.37 Million |
Industry Comparison
This section compares Comet Industries Ltd's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $73,647,167
- Average return on equity (ROE) among peers: -6.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Comet Industries Ltd (CMU) | CA$9.62 Million | -27.08% | 0.01x | $5.24 Million |
| Becker Milk Co Ltd Cl B Nv Spec (BEK-B.TO (BEK-B) | $33.89 Million | 7.22% | 0.15x | $11.65 Million |
| DLC Holdings Corp (DLC) | $11.39 Million | 11.57% | 0.12x | $468.50K |
| Gulf & Pacific Equities Corp (GUF) | $20.82 Million | 7.55% | 1.33x | $977.05K |
| Halmont Properties Corporation (HMT) | $45.64 Million | 4.32% | 0.68x | $38.37 Million |
| Imperial Equities Inc. (IEI) | $3.31 Million | 7.80% | 3.93x | $6.14 Million |
| Madison Pacific Properties Inc. (MPC) | $475.57 Million | 3.92% | 0.79x | $37.75 Million |
| NexLiving Communities Inc (NXLV) | $60.80 Million | 15.47% | 1.36x | $22.05 Million |
| Realia Properties Inc (RLP) | $4.61 Million | -135.23% | 5.66x | $459.64K |
| Regent Pacific Properties Inc (RPP) | $6.79 Million | 14.58% | 3.61x | $260.10K |