Forum Energy Metals Corp (FMC) - Net Assets
Based on the latest financial reports, Forum Energy Metals Corp (FMC) has net assets worth CA$-812.95K CAD (≈ $-588.08K USD) as of May 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$2.41 Million ≈ $1.74 Million USD) and total liabilities (CA$3.22 Million ≈ $2.33 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check FMC financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-812.95K |
| % of Total Assets | -33.72% |
| Annual Growth Rate | N/A |
| 5-Year Change | -70.4% |
| 10-Year Change | -79.06% |
| Growth Volatility | 144.0 |
Forum Energy Metals Corp - Net Assets Trend (2001–2024)
This chart illustrates how Forum Energy Metals Corp's net assets have evolved over time, based on quarterly financial data. Also explore how large is Forum Energy Metals Corp's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Forum Energy Metals Corp (2001–2024)
The table below shows the annual net assets of Forum Energy Metals Corp from 2001 to 2024. For live valuation and market cap data, see FMC market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-11-30 | CA$553.63K ≈ $400.49K |
-74.57% |
| 2023-11-30 | CA$2.18 Million ≈ $1.57 Million |
-16.28% |
| 2022-11-30 | CA$2.60 Million ≈ $1.88 Million |
-51.27% |
| 2021-11-30 | CA$5.34 Million ≈ $3.86 Million |
+185.22% |
| 2020-11-30 | CA$1.87 Million ≈ $1.35 Million |
-17.88% |
| 2019-11-30 | CA$2.28 Million ≈ $1.65 Million |
-16.47% |
| 2018-11-30 | CA$2.73 Million ≈ $1.97 Million |
+0.63% |
| 2017-11-30 | CA$2.71 Million ≈ $1.96 Million |
+17.29% |
| 2016-11-30 | CA$2.31 Million ≈ $1.67 Million |
-12.61% |
| 2015-11-30 | CA$2.64 Million ≈ $1.91 Million |
-57.57% |
| 2014-11-30 | CA$6.23 Million ≈ $4.51 Million |
-0.29% |
| 2013-11-30 | CA$6.25 Million ≈ $4.52 Million |
+73.40% |
| 2012-11-30 | CA$3.60 Million ≈ $2.61 Million |
-81.94% |
| 2011-11-30 | CA$19.95 Million ≈ $14.43 Million |
+16.21% |
| 2010-11-30 | CA$17.17 Million ≈ $12.42 Million |
+4.95% |
| 2009-11-30 | CA$16.36 Million ≈ $11.83 Million |
+10.64% |
| 2008-11-30 | CA$14.78 Million ≈ $10.70 Million |
-14.35% |
| 2007-11-30 | CA$17.26 Million ≈ $12.49 Million |
+99.72% |
| 2006-11-30 | CA$8.64 Million ≈ $6.25 Million |
+169.43% |
| 2005-11-30 | CA$3.21 Million ≈ $2.32 Million |
+623.97% |
| 2004-11-30 | CA$443.12K ≈ $320.55K |
+67.94% |
| 2003-11-30 | CA$263.85K ≈ $190.86K |
+113.36% |
| 2002-11-30 | CA$123.66K ≈ $89.46K |
+1056.10% |
| 2001-11-30 | CA$-12.93K ≈ $-9.36K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Forum Energy Metals Corp'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 7209411900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$76.48 Million | 13814.63% |
| Total Equity | CA$553.63K | 100.00% |
Forum Energy Metals Corp Competitors by Market Cap
The table below lists competitors of Forum Energy Metals Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Widad Group Bhd
KLSE:0162
|
$7.84 Million |
|
Durango Resources Inc.
V:DGO
|
$7.84 Million |
|
Jiankun International Bhd
KLSE:8923
|
$7.84 Million |
|
IMPRENDIROMA S.P.A.
F:Y37
|
$7.84 Million |
|
Theriva Biologics Inc.
NYSE MKT:TOVX
|
$7.83 Million |
|
WH Smith PLC
LSE:SMWH
|
$7.83 Million |
|
Renoworks Software Inc
V:RW
|
$7.82 Million |
|
Ajooni Biotech Limited
NSE:AJOONI
|
$7.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Forum Energy Metals Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,176,665 to 553,630, a change of -1,623,035 (-74.6%).
- Net loss of 9,890,375 reduced equity.
- New share issuances of 11,320,357 increased equity.
- Other factors decreased equity by 3,053,017.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-9.89 Million | -1786.46% |
| Share Issuances | CA$11.32 Million | +2044.75% |
| Other Changes | CA$-3.05 Million | -551.45% |
| Total Change | CA$- | -74.57% |
Book Value vs Market Value Analysis
This analysis compares Forum Energy Metals Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 18.62x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-11-30 | CA$-0.09 | CA$0.04 | x |
| 2002-11-30 | CA$0.43 | CA$0.04 | x |
| 2003-11-30 | CA$0.91 | CA$0.04 | x |
| 2004-11-30 | CA$1.09 | CA$0.04 | x |
| 2005-11-30 | CA$2.20 | CA$0.04 | x |
| 2006-11-30 | CA$3.78 | CA$0.04 | x |
| 2007-11-30 | CA$4.86 | CA$0.04 | x |
| 2008-11-30 | CA$3.18 | CA$0.04 | x |
| 2009-11-30 | CA$2.68 | CA$0.04 | x |
| 2010-11-30 | CA$2.20 | CA$0.04 | x |
| 2011-11-30 | CA$2.06 | CA$0.04 | x |
| 2012-11-30 | CA$0.34 | CA$0.04 | x |
| 2013-11-30 | CA$0.34 | CA$0.04 | x |
| 2014-11-30 | CA$0.19 | CA$0.04 | x |
| 2015-11-30 | CA$0.07 | CA$0.04 | x |
| 2016-11-30 | CA$0.04 | CA$0.04 | x |
| 2017-11-30 | CA$0.04 | CA$0.04 | x |
| 2018-11-30 | CA$0.03 | CA$0.04 | x |
| 2019-11-30 | CA$0.02 | CA$0.04 | x |
| 2020-11-30 | CA$0.02 | CA$0.04 | x |
| 2021-11-30 | CA$0.04 | CA$0.04 | x |
| 2022-11-30 | CA$0.02 | CA$0.04 | x |
| 2023-11-30 | CA$0.01 | CA$0.04 | x |
| 2024-11-30 | CA$0.00 | CA$0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Forum Energy Metals Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1786.46%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 4.17x
- Recent ROE (-1786.46%) is below the historical average (-135.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-185.36K |
| 2002 | -125.87% | 0.00% | 0.00x | 1.91x | CA$-168.02K |
| 2003 | -41.93% | 0.00% | 0.00x | 1.22x | CA$-137.01K |
| 2004 | -59.35% | 0.00% | 0.00x | 1.26x | CA$-307.32K |
| 2005 | -26.85% | 0.00% | 0.00x | 1.05x | CA$-1.18 Million |
| 2006 | -11.89% | 0.00% | 0.00x | 1.05x | CA$-1.89 Million |
| 2007 | -4.63% | 0.00% | 0.00x | 1.12x | CA$-2.53 Million |
| 2008 | -48.04% | 0.00% | 0.00x | 1.10x | CA$-8.58 Million |
| 2009 | -3.58% | 0.00% | 0.00x | 1.01x | CA$-2.22 Million |
| 2010 | -3.56% | 0.00% | 0.00x | 1.02x | CA$-2.33 Million |
| 2011 | -16.91% | 0.00% | 0.00x | 1.03x | CA$-5.37 Million |
| 2012 | -61.92% | 0.00% | 0.00x | 1.11x | CA$-2.59 Million |
| 2013 | -55.34% | 0.00% | 0.00x | 1.04x | CA$-4.08 Million |
| 2014 | -61.13% | 0.00% | 0.00x | 1.04x | CA$-4.43 Million |
| 2015 | -135.34% | 0.00% | 0.00x | 1.03x | CA$-3.84 Million |
| 2016 | -64.81% | 0.00% | 0.00x | 1.35x | CA$-1.73 Million |
| 2017 | -50.68% | 0.00% | 0.00x | 1.04x | CA$-1.64 Million |
| 2018 | -42.98% | 0.00% | 0.00x | 1.09x | CA$-1.44 Million |
| 2019 | -57.62% | 0.00% | 0.00x | 1.26x | CA$-1.54 Million |
| 2020 | -110.53% | 0.00% | 0.00x | 1.29x | CA$-2.25 Million |
| 2021 | -64.32% | 0.00% | 0.00x | 1.12x | CA$-3.97 Million |
| 2022 | -175.88% | 0.00% | 0.00x | 1.29x | CA$-4.83 Million |
| 2023 | -246.48% | 0.00% | 0.00x | 1.58x | CA$-5.58 Million |
| 2024 | -1786.46% | 0.00% | 0.00x | 4.17x | CA$-9.95 Million |
Industry Comparison
This section compares Forum Energy Metals Corp'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: $49,314,810
- Average return on equity (ROE) among peers: -11.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Forum Energy Metals Corp (FMC) | CA$-812.95K | 0.00% | N/A | $7.83 Million |
| Aftermath Silver Ltd (AAG) | $-553.41K | 0.00% | 0.00x | $185.75 Million |
| Aton Resources Inc (AAN) | $-1.13 Million | 0.00% | 0.00x | $49.79 Million |
| Arbor Metals Corp (ABR) | $1.00 Million | -16.27% | 0.02x | $10.75 Million |
| Asiabasemetals Inc (ABZ) | $717.72K | -45.73% | 0.05x | $4.67 Million |
| Adex Mining Inc (ADE) | $-30.95 Million | 0.00% | 0.00x | $27.09 Million |
| Alphamin Res (AFM) | $367.40 Million | 27.47% | 0.33x | $1.30 Billion |
| Silver X Mining Corp (AGX) | $38.37 Million | -47.47% | 0.73x | $148.73 Million |
| Amarc Resources Ltd. (AHR) | $14.00 Million | 5.93% | 0.01x | $148.33 Million |
| Almonty Industries Inc (AII) | $39.75 Million | -36.45% | 3.85x | $4.73 Billion |
| Aldebaran Resources Inc (ALDE) | $64.54 Million | -3.09% | 0.01x | $332.39 Million |
About Forum Energy Metals Corp
Forum Energy Metals Corp. engages in the evaluation, acquisition, exploration, and development of natural resource properties in Canada and the United States. The company explores for energy metals, including copper, cobalt, uranium, palladium, nickel, platinum, and gold deposits. The company was formerly known as Forum Uranium Corp. and changed its name to Forum Energy Metals Corp. in February 2… Read more