EV Nickel Inc (EVNI) - Net Assets
Based on the latest financial reports, EV Nickel Inc (EVNI) has net assets worth CA$3.91 Million CAD (≈ $2.83 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$4.10 Million ≈ $2.97 Million USD) and total liabilities (CA$190.62K ≈ $137.89K 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. Also explore EV Nickel Inc assets under control for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$3.91 Million |
| % of Total Assets | 95.35% |
| Annual Growth Rate | 47.27% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 65.45 |
EV Nickel Inc - Net Assets Trend (2021–2024)
This chart illustrates how EV Nickel Inc's net assets have evolved over time, based on quarterly financial data. Check EV Nickel Inc tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for EV Nickel Inc (2021–2024)
The table below shows the annual net assets of EV Nickel Inc from 2021 to 2024. For live valuation and market cap data, see EVNI market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-03-31 | CA$4.74 Million ≈ $3.43 Million |
+846.36% |
| 2023-03-31 | CA$-634.65K ≈ $-459.09K |
-163.54% |
| 2022-03-31 | CA$998.75K ≈ $722.48K |
-32.64% |
| 2021-03-31 | CA$1.48 Million ≈ $1.07 Million |
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Equity Component Analysis
This analysis shows how different components contribute to EV Nickel 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 1038130700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$18.09 Million | 381.94% |
| Total Equity | CA$4.74 Million | 100.00% |
EV Nickel Inc Competitors by Market Cap
The table below lists competitors of EV Nickel Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BALAXI PHARMACEUTICALS LIMITED
NSE:BALAXI
|
$14.08 Million |
|
Xintela AB
ST:XINT
|
$14.08 Million |
|
First Media Tbk
JK:KBLV
|
$14.09 Million |
|
Gigasun AB
ST:GIGA
|
$14.10 Million |
|
System1 Inc
NYSE:SST
|
$14.07 Million |
|
Tae Won Mulsan
KO:001420
|
$14.06 Million |
|
Lifestyle Global Enterprise
TWO:8066
|
$14.05 Million |
|
Polyrizon Ltd. Ordinary Shares
NASDAQ:PLRZ
|
$14.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in EV Nickel Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -634,647 to 4,736,782, a change of 5,371,429.
- Net loss of 2,792,647 reduced equity.
- New share issuances of 7,226,723 increased equity.
- Other factors increased equity by 937,353.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-2.79 Million | -58.96% |
| Share Issuances | CA$7.23 Million | +152.57% |
| Other Changes | CA$937.35K | +19.79% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares EV Nickel 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: 3.12x
- 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 2.90x to 3.12x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-03-31 | CA$0.05 | CA$0.14 | x |
| 2022-03-31 | CA$0.03 | CA$0.14 | x |
| 2023-03-31 | CA$-0.01 | CA$0.14 | x |
| 2024-03-31 | CA$0.04 | CA$0.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently EV Nickel Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -58.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.38x
- Recent ROE (-58.96%) is above the historical average (-195.87%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -200.57% | 0.00% | 0.00x | 1.13x | CA$-3.12 Million |
| 2022 | -523.95% | 0.00% | 0.00x | 2.52x | CA$-5.33 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-4.09 Million |
| 2024 | -58.96% | 0.00% | 0.00x | 1.38x | CA$-3.27 Million |
Industry Comparison
This section compares EV Nickel 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: $8,169,620
- Average return on equity (ROE) among peers: -27.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| EV Nickel Inc (EVNI) | CA$3.91 Million | -200.57% | 0.05x | $14.07 Million |
| Aftermath Silver Ltd (AAG) | $23.92 Million | -29.78% | 0.34x | $160.63 Million |
| Aton Resources Inc (AAN) | $-970.51K | 0.00% | 0.00x | $46.10 Million |
| Arbor Metals Corp (ABR) | $1.00 Million | -16.27% | 0.02x | $8.87 Million |
| Asiabasemetals Inc (ABZ) | $175.08K | -121.37% | 0.12x | $3.27 Million |
| Adex Mining Inc (ADE) | $-4.38 Million | 0.00% | 0.00x | $44.09 Million |
| Alphamin Res (AFM) | $1.24 Million | -26.10% | 0.19x | $1.30 Billion |
| Silver X Mining Corp (AGX) | $6.99 Million | -54.56% | 0.04x | $132.57 Million |
| Amarc Resources Ltd. (AHR) | $17.22 Million | -43.99% | 0.06x | $159.74 Million |
| Almonty Industries Inc (AII) | $48.23 Million | 18.79% | 2.15x | $4.34 Billion |
| Aldebaran Resources Inc (ALDE) | $-11.72 Million | 0.00% | 0.00x | $364.30 Million |
About EV Nickel Inc
EV Nickel Inc., a nickel exploration company, engages in the acquisition, evaluation, and exploration for mineral properties in Canada. The company also explores nickel and copper deposits. It holds interests in the Langmuir project that comprises 212 claims located in Timmins, Ontario; and the Shaw Dome project, which includes 945 mining claims covering approximately 21,000 hectares located sout… Read more