Element 29 Resources Inc (ECU) - Net Assets
Based on the latest financial reports, Element 29 Resources Inc (ECU) has net assets worth CA$23.41 Million CAD (≈ $16.94 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$23.67 Million ≈ $17.12 Million USD) and total liabilities (CA$251.45K ≈ $181.90K USD). 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. Read ECU total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$23.41 Million |
| % of Total Assets | 98.94% |
| Annual Growth Rate | -8.95% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 14.01 |
Element 29 Resources Inc - Net Assets Trend (2021–2024)
This chart illustrates how Element 29 Resources Inc's net assets have evolved over time, based on quarterly financial data. Also explore Element 29 Resources Inc balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Element 29 Resources Inc (2021–2024)
The table below shows the annual net assets of Element 29 Resources Inc from 2021 to 2024. For live valuation and market cap data, see ECU market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$12.84 Million ≈ $9.29 Million |
-18.48% |
| 2023-12-31 | CA$15.75 Million ≈ $11.39 Million |
+11.85% |
| 2022-12-31 | CA$14.08 Million ≈ $10.19 Million |
-17.22% |
| 2021-12-31 | CA$17.01 Million ≈ $12.31 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Element 29 Resources 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 1431039000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$33.35 Million | 259.75% |
| Total Equity | CA$12.84 Million | 100.00% |
Element 29 Resources Inc Competitors by Market Cap
The table below lists competitors of Element 29 Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
D O Green Technologies Bhd
KLSE:7204
|
$146.26 Million |
|
CF Bankshares Inc
NASDAQ:CFBK
|
$146.34 Million |
|
Galectin Therapeutics Inc
NASDAQ:GALT
|
$146.35 Million |
|
Kian Shen Corp
TW:1525
|
$146.38 Million |
|
Oncosem Onkolojik Sistemler Sanayi ve Ticaret A.S.
IS:ONCSM
|
$146.10 Million |
|
Motisons Jewellers Ltd
NSE:MOTISONS
|
$146.04 Million |
|
Phu Tai JSC
VN:PTB
|
$146.02 Million |
|
Cegedim S.A.
PA:CGM
|
$145.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Element 29 Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 15,750,393 to 12,839,897, a change of -2,910,496 (-18.5%).
- Net loss of 7,149,505 reduced equity.
- New share issuances of 3,264,746 increased equity.
- Other factors increased equity by 974,263.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-7.15 Million | -55.68% |
| Share Issuances | CA$3.26 Million | +25.43% |
| Other Changes | CA$974.26K | +7.59% |
| Total Change | CA$- | -18.48% |
Book Value vs Market Value Analysis
This analysis compares Element 29 Resources 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: 12.29x
- 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 increased from 6.06x to 12.29x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | CA$0.21 | CA$1.30 | x |
| 2022-12-31 | CA$0.18 | CA$1.30 | x |
| 2023-12-31 | CA$0.15 | CA$1.30 | x |
| 2024-12-31 | CA$0.11 | CA$1.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Element 29 Resources Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -55.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.04x
- Recent ROE (-55.68%) is below the historical average (-30.54%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -17.08% | 0.00% | 0.00x | 1.05x | CA$-4.61 Million |
| 2022 | -37.22% | 0.00% | 0.00x | 1.03x | CA$-6.65 Million |
| 2023 | -12.18% | 0.00% | 0.00x | 1.01x | CA$-3.49 Million |
| 2024 | -55.68% | 0.00% | 0.00x | 1.04x | CA$-8.43 Million |
Industry Comparison
This section compares Element 29 Resources Inc's net assets metrics with peer companies in the Copper industry.
Industry Context
- Industry: Copper
- Average net assets among peers: $74,761,380
- Average return on equity (ROE) among peers: -28.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Element 29 Resources Inc (ECU) | CA$23.41 Million | -17.08% | 0.01x | $146.24 Million |
| Amerigo Resources Ltd. (ARG) | $94.04 Million | -20.19% | 0.53x | $724.65 Million |
| Aranjin Resources Ltd (ARJN) | $-3.44 Million | 0.00% | 0.00x | $993.53K |
| Arizona Sonoran Copper Company Inc (ASCU) | $65.98 Million | -10.82% | 0.05x | $652.36 Million |
| Bell Copper Corp (BCU) | $9.37 Million | -24.94% | 0.06x | $7.41 Million |
| Capstone Mining Corp (CS) | $6.84 Million | -27.19% | 0.05x | $6.22 Billion |
| Copper Fox Metals Inc. (CUU) | $2.22 Million | -26.56% | 0.31x | $227.17 Million |
| Ero Copper Corp (ERO) | $103.82 Million | -3.04% | 2.47x | $2.57 Billion |
| Faraday Copper Corp. (FDY) | $4.78 Million | -190.41% | 0.18x | $480.47 Million |
| First Quantum Minerals Ltd (FM) | $389.23 Million | 45.77% | 1.24x | $19.37 Billion |
About Element 29 Resources Inc
Element 29 Resources Inc. engages in the exploration and development of mineral resource properties in Peru. The company explores for copper, molybdenum, gold, silver, lead, and zinc. Its flagship properties are Elida copper project that includes 29 mining concessions covering an area of approximately 19,749 hectares located in the province of Ocros; Flor de Cobre copper project comprising 11 min… Read more