Millbank Mining Corp.
Millbank Mining Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. It holds a 100% interest in the Arthur Lake property, which include tow claims covering an area of approximately 543 hectares located in southwest of Vanderhoof, British Columbia; and 100% interest the Blakelock hydrogen project comprising 109 mineral claims that covers an area of 2,207… Read more
Millbank Mining Corp. (MILL) - Net Assets
Latest net assets as of May 2024: CA$252.54K CAD
Based on the latest financial reports, Millbank Mining Corp. (MILL) has net assets worth CA$252.54K CAD as of May 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$266.40K) and total liabilities (CA$13.86K). 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$252.54K |
| % of Total Assets | 94.8% |
| Annual Growth Rate | -3.35% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 39.11 |
Millbank Mining Corp. - Net Assets Trend (2020–2023)
This chart illustrates how Millbank Mining Corp.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Millbank Mining Corp. (2020–2023)
The table below shows the annual net assets of Millbank Mining Corp. from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-11-30 | CA$302.65K | -23.92% |
| 2022-11-30 | CA$397.80K | -25.10% |
| 2021-11-30 | CA$531.09K | +58.45% |
| 2020-11-30 | CA$335.19K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Millbank Mining 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 56892600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$901.39K | 297.84% |
| Total Equity | CA$302.65K | 100.00% |
Millbank Mining Corp. Competitors by Market Cap
The table below lists competitors of Millbank Mining Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GR.SOU.COP. LS-01
F:E9E
|
$6.45 Million |
|
JKN Global Media Public Company Limited
BK:JKN
|
$6.45 Million |
|
Processa Pharmaceuticals Inc
NASDAQ:PCSA
|
$6.45 Million |
|
Concrete Engineering Products
KLSE:8435
|
$6.45 Million |
|
PT Sumber Sinergi Makmur Tbk
JK:IOTF
|
$6.44 Million |
|
PAVmed Inc
NASDAQ:PAVM
|
$6.44 Million |
|
Enjoy S.A
SN:ENJOY
|
$6.44 Million |
|
FlexQube AB
ST:FLEXQ
|
$6.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Millbank Mining Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 397,798 to 302,646, a change of -95,152 (-23.9%).
- Net loss of 95,152 reduced equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-95.15K | -31.44% |
| Total Change | CA$- | -23.92% |
Book Value vs Market Value Analysis
This analysis compares Millbank Mining 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: 17.08x
- 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 15.42x to 17.08x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-11-30 | CA$0.03 | CA$0.45 | x |
| 2021-11-30 | CA$0.05 | CA$0.45 | x |
| 2022-11-30 | CA$0.03 | CA$0.45 | x |
| 2023-11-30 | CA$0.03 | CA$0.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Millbank Mining Corp. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -31.44%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.07x
- Recent ROE (-31.44%) is above the historical average (-36.10%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -8.90% | 0.00% | 0.00x | 1.12x | CA$-63.33K |
| 2021 | -44.81% | 0.00% | 0.00x | 1.04x | CA$-291.10K |
| 2022 | -59.27% | 0.00% | 0.00x | 1.06x | CA$-275.56K |
| 2023 | -31.44% | 0.00% | 0.00x | 1.07x | CA$-125.42K |
Industry Comparison
This section compares Millbank Mining 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: $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 |
|---|---|---|---|---|
| Millbank Mining Corp. (MILL) | CA$252.54K | -8.90% | 0.05x | $6.44 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 |