Less Mess Storage Inc.
Latin Metals Inc., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in South America. The company explores for gold, copper, and lithium deposits. Its project portfolio includes 18 exploration projects and 2 royalties in Peru and Argentina. The company was formerly known as Centenera Mining Corporation and changed its name to Latin Metals… Read more
Less Mess Storage Inc. (LMS) - Net Assets
Latest net assets as of April 2025: CA$5.71 Million CAD
Based on the latest financial reports, Less Mess Storage Inc. (LMS) has net assets worth CA$5.71 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$6.12 Million) and total liabilities (CA$405.15K). 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$5.71 Million |
| % of Total Assets | 93.38% |
| Annual Growth Rate | 4.52% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 8.49 |
Less Mess Storage Inc. - Net Assets Trend (2021–2024)
This chart illustrates how Less Mess Storage 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 Less Mess Storage Inc. (2021–2024)
The table below shows the annual net assets of Less Mess Storage Inc. from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-10-31 | CA$6.59 Million | +16.10% |
| 2023-10-31 | CA$5.68 Million | -4.40% |
| 2022-10-31 | CA$5.94 Million | +2.87% |
| 2021-10-31 | CA$5.78 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Less Mess Storage 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 432939700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$21.08 Million | 319.68% |
| Total Equity | CA$6.59 Million | 100.00% |
Less Mess Storage Inc. Competitors by Market Cap
The table below lists competitors of Less Mess Storage Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tipco Foods Public Company Limited
BK:TIPCO
|
$12.02 Million |
|
First Bancorp of Indiana Inc
PINK:FBPI
|
$12.02 Million |
|
Han Chang Pape
KO:009460
|
$12.03 Million |
|
Altin Yunus Cesme Turistik Tesisler AS
IS:AYCES
|
$12.03 Million |
|
YSX Tech. Co., Ltd Class A Ordinary Shares
NASDAQ:YSXT
|
$12.02 Million |
|
Pegasus Heights Bhd
KLSE:4464
|
$12.01 Million |
|
Multi Makmur Lemindo
JK:PIPA
|
$12.01 Million |
|
Arvee Laboratories (India) Limited
NSE:ARVEE
|
$12.01 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Less Mess Storage Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,679,807 to 6,594,478, a change of 914,671 (16.1%).
- Net loss of 2,176,654 reduced equity.
- New share issuances of 2,578,096 increased equity.
- Other factors increased equity by 513,229.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-2.18 Million | -33.01% |
| Share Issuances | CA$2.58 Million | +39.09% |
| Other Changes | CA$513.23K | +7.78% |
| Total Change | CA$- | 16.10% |
Book Value vs Market Value Analysis
This analysis compares Less Mess Storage 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: 3.91x
- 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 2.33x to 3.91x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-10-31 | CA$0.10 | CA$0.24 | x |
| 2022-10-31 | CA$0.08 | CA$0.24 | x |
| 2023-10-31 | CA$0.08 | CA$0.24 | x |
| 2024-10-31 | CA$0.06 | CA$0.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Less Mess Storage Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -33.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.05x
- Recent ROE (-33.01%) is below the historical average (-19.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -8.01% | 0.00% | 0.00x | 1.02x | CA$-1.04 Million |
| 2022 | -18.13% | 0.00% | 0.00x | 1.05x | CA$-1.67 Million |
| 2023 | -18.93% | 0.00% | 0.00x | 1.16x | CA$-1.64 Million |
| 2024 | -33.01% | 0.00% | 0.00x | 1.05x | CA$-2.84 Million |
Industry Comparison
This section compares Less Mess Storage 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: $30,833,953
- Average return on equity (ROE) among peers: -67.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Less Mess Storage Inc. (LMS) | CA$5.71 Million | -8.01% | 0.07x | $12.02 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 |
| Bullet Exploration Inc (AMMO) | $2.16 Million | -41.07% | 24.74x | $3.15 Million |
| 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 |