NICAN Limited
NiCAN Limited engages in the exploration, development, operation, and financing of mining assets in Canada. The company primarily explores nickel, copper, cobalt, gold, silver, palladium, and platinum group elements. It holds interest in the Wine project consisting of 24 mineral claims covering an area of 5,666 hectares; and the Pipy project comprised of 33 mineral claims covering an area 57.0km2… Read more
NICAN Limited (NICN) - Net Assets
Latest net assets as of September 2025: CA$127.06K CAD
Based on the latest financial reports, NICAN Limited (NICN) has net assets worth CA$127.06K CAD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$535.87K) and total liabilities (CA$408.82K). 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$127.06K |
| % of Total Assets | 23.71% |
| Annual Growth Rate | -24.92% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 121.26 |
NICAN Limited - Net Assets Trend (2021–2024)
This chart illustrates how NICAN Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for NICAN Limited (2021–2024)
The table below shows the annual net assets of NICAN Limited from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$616.53K | -22.85% |
| 2023-12-31 | CA$799.17K | -81.71% |
| 2022-12-31 | CA$4.37 Million | +199.85% |
| 2021-12-31 | CA$1.46 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to NICAN Limited'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 868084900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$10.57 Million | 1714.86% |
| Total Equity | CA$616.53K | 100.00% |
NICAN Limited Competitors by Market Cap
The table below lists competitors of NICAN Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ornsirin Holding Public
BK:ORN
|
$7.16 Million |
|
Red Light Holland Corp
OTCQB:TRUFF
|
$7.16 Million |
|
Geohan Corporation Berhad
KLSE:5345
|
$7.16 Million |
|
Sin Heng Chan (Malaya) Bhd
KLSE:4316
|
$7.17 Million |
|
Kantone Holdings Limited
PINK:KTHGF
|
$7.15 Million |
|
An Pha Petroleum Group JSC
VN:ASP
|
$7.15 Million |
|
Excel Force MSC Bhd
KLSE:0065
|
$7.15 Million |
|
Zhong Yuan Bio-Technology Holdings Limited
PINK:ZHYBF
|
$7.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NICAN Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 799,170 to 616,527, a change of -182,643 (-22.9%).
- Net loss of 1,409,375 reduced equity.
- New share issuances of 1,830,000 increased equity.
- Other factors decreased equity by 603,268.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.41 Million | -228.6% |
| Share Issuances | CA$1.83 Million | +296.82% |
| Other Changes | CA$-603.27K | -97.85% |
| Total Change | CA$- | -22.85% |
Book Value vs Market Value Analysis
This analysis compares NICAN Limited'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: 13.91x
- 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 5.00x to 13.91x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | CA$0.02 | CA$0.11 | x |
| 2022-12-31 | CA$0.06 | CA$0.11 | x |
| 2023-12-31 | CA$0.01 | CA$0.11 | x |
| 2024-12-31 | CA$0.01 | CA$0.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NICAN Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -228.60%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.66x
- Recent ROE (-228.60%) is below the historical average (-212.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -87.51% | 0.00% | 0.00x | 1.60x | CA$-1.42 Million |
| 2022 | -87.05% | 0.00% | 0.00x | 1.08x | CA$-4.24 Million |
| 2023 | -446.72% | 0.00% | 0.00x | 1.68x | CA$-3.65 Million |
| 2024 | -228.60% | 0.00% | 0.00x | 1.66x | CA$-1.47 Million |
Industry Comparison
This section compares NICAN Limited'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: $35,774,979
- Average return on equity (ROE) among peers: -75.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NICAN Limited (NICN) | CA$127.06K | -87.51% | 3.22x | $7.16 Million |
| Asbestos Corporation Limited (AB-H) | $-20.76 Million | 0.00% | 0.00x | $467.16K |
| Asiabasemetals Inc (ABZ) | $-637.51K | 0.00% | 0.00x | $1.49 Million |
| Alphamin Res (AFM) | $365.51 Million | 12.92% | 0.41x | $422.81 Million |
| African Metals Corporation (AFR) | $2.08 Million | 45.81% | 0.09x | $701.76K |
| Bullet Exploration Inc (AMMO) | $1.26 Million | -8.63% | 0.04x | $3.15 Million |
| AM Resources Corp (AMR) | $462.09K | -341.82% | 1.78x | $2.45 Million |
| Andina Copper Corporation (ANDC) | $2.00 Million | -444.37% | 0.10x | $91.10 Million |
| Auriginal Mining Corp. (AUME) | $9.81 Million | -17.73% | 0.25x | $5.68 Million |
| Aurora Royalties Inc (AUR-H) | $-29.57K | 0.00% | 0.00x | $266.34K |
| Balto Resources Ltd (BAL-H) | $-1.95 Million | 0.00% | 0.00x | $375.18K |