Millennial Potash Corp. (MLP) - Net Assets
Based on the latest financial reports, Millennial Potash Corp. (MLP) has net assets worth CA$10.07 Million CAD (≈ $7.28 Million USD) as of May 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$10.82 Million ≈ $7.82 Million USD) and total liabilities (CA$750.14K ≈ $542.64K 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 Millennial Potash Corp. (MLP) total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$10.07 Million |
| % of Total Assets | 93.06% |
| Annual Growth Rate | 466.99% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 6363.54 |
Millennial Potash Corp. - Net Assets Trend (2020–2023)
This chart illustrates how Millennial Potash Corp.'s net assets have evolved over time, based on quarterly financial data. Also explore Millennial Potash Corp. (MLP) total assets for the complete picture of this company's asset base.
Annual Net Assets for Millennial Potash Corp. (2020–2023)
The table below shows the annual net assets of Millennial Potash Corp. from 2020 to 2023. For live valuation and market cap data, see Millennial Potash Corp. market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2023-08-31 | CA$6.43 Million ≈ $4.65 Million |
+34.12% |
| 2022-08-31 | CA$4.79 Million ≈ $3.47 Million |
-0.55% |
| 2021-08-31 | CA$4.82 Million ≈ $3.49 Million |
+13515.86% |
| 2020-08-31 | CA$35.39K ≈ $25.60K |
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Equity Component Analysis
This analysis shows how different components contribute to Millennial Potash 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 823456600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (August 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$15.06 Million | 234.31% |
| Total Equity | CA$6.43 Million | 100.00% |
Millennial Potash Corp. Competitors by Market Cap
The table below lists competitors of Millennial Potash Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Viant Technology Inc
NASDAQ:DSP
|
$189.81 Million |
|
Mayfair Gold Corp
V:MFG
|
$189.90 Million |
|
GTM Holdings Corp
TW:1437
|
$189.98 Million |
|
New Fortress Energy LLC
NASDAQ:NFE
|
$190.08 Million |
|
PetroVietnam General Services Corp
VN:PET
|
$189.76 Million |
|
Lynch Group Holdings Ltd
AU:LGL
|
$189.75 Million |
|
Eugene Corporation
KQ:023410
|
$189.74 Million |
|
Toro Ltd
LSE:TORO
|
$189.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Millennial Potash Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 4,792,716 to 6,428,177, a change of 1,635,461 (34.1%).
- Net loss of 4,696,412 reduced equity.
- New share issuances of 5,591,500 increased equity.
- Other factors increased equity by 740,373.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-4.70 Million | -73.06% |
| Share Issuances | CA$5.59 Million | +86.98% |
| Other Changes | CA$740.37K | +11.52% |
| Total Change | CA$- | 34.12% |
Book Value vs Market Value Analysis
This analysis compares Millennial Potash 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: 17.93x
- 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 decreased from 875.00x to 17.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-08-31 | CA$0.00 | CA$2.22 | x |
| 2021-08-31 | CA$0.15 | CA$2.22 | x |
| 2022-08-31 | CA$0.13 | CA$2.22 | x |
| 2023-08-31 | CA$0.12 | CA$2.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Millennial Potash Corp. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -73.06%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.08x
- Recent ROE (-73.06%) is above the historical average (-113.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -305.84% | 0.00% | 0.00x | 22.57x | CA$-111.78K |
| 2021 | -44.13% | 0.00% | 0.00x | 1.02x | CA$-2.61 Million |
| 2022 | -29.45% | 0.00% | 0.00x | 1.04x | CA$-1.89 Million |
| 2023 | -73.06% | 0.00% | 0.00x | 1.08x | CA$-5.34 Million |
Industry Comparison
This section compares Millennial Potash 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: $14,613,271
- Average return on equity (ROE) among peers: -28.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Millennial Potash Corp. (MLP) | CA$10.07 Million | -305.84% | 0.07x | $189.79 Million |
| Aftermath Silver Ltd (AAG) | $1.38 Million | -190.49% | 0.19x | $185.75 Million |
| Aton Resources Inc (AAN) | $-9.49 Million | 0.00% | 0.00x | $49.79 Million |
| Arbor Metals Corp (ABR) | $3.78 Million | -10.88% | 0.34x | $10.75 Million |
| Asiabasemetals Inc (ABZ) | $-637.51K | 0.00% | 0.00x | $4.67 Million |
| Adex Mining Inc (ADE) | $-2.16 Million | 0.00% | 0.00x | $27.09 Million |
| Alphamin Res (AFM) | $71.72 Million | -9.02% | 0.02x | $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) | $29.17 Million | -31.05% | 4.18x | $4.73 Billion |
| Aldebaran Resources Inc (ALDE) | $1.00 | 0.00% | 0.00x | $332.39 Million |
About Millennial Potash Corp.
Millennial Potash Corp. engages in the acquisition, exploration, and development of mineral properties with a primary focus on potash deposits. It holds an option to acquire a 100% interest in the Banio Potash project located on the Atlantic coast of Gabon, Western Africa. The company was formerly known as Black Mountain Gold USA Corp. and changed its name to Millennial Potash Corp. in January 20… Read more