Power Nickel Inc (PNPN) - Net Assets
Based on the latest financial reports, Power Nickel Inc (PNPN) has net assets worth CA$12.79 Million CAD (≈ $9.25 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$33.95 Million ≈ $24.56 Million USD) and total liabilities (CA$21.16 Million ≈ $15.31 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. Read PNPN liabilities breakdown for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$12.79 Million |
| % of Total Assets | 37.68% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Power Nickel Inc - Net Assets Trend (2017–2024)
This chart illustrates how Power Nickel Inc's net assets have evolved over time, based on quarterly financial data. Also explore Power Nickel Inc assets under control for the complete picture of this company's asset base.
Annual Net Assets for Power Nickel Inc (2017–2024)
The table below shows the annual net assets of Power Nickel Inc from 2017 to 2024. For live valuation and market cap data, see market value of Power Nickel Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$4.58 Million ≈ $3.31 Million |
+279.97% |
| 2023-12-31 | CA$-2.55 Million ≈ $-1.84 Million |
-213.37% |
| 2022-12-31 | CA$-812.48K ≈ $-587.73K |
-18.27% |
| 2021-12-31 | CA$-686.94K ≈ $-496.92K |
+47.85% |
| 2020-12-31 | CA$-1.32 Million ≈ $-952.95K |
+50.66% |
| 2019-12-31 | CA$-2.67 Million ≈ $-1.93 Million |
-80.49% |
| 2018-12-31 | CA$-1.48 Million ≈ $-1.07 Million |
-40.51% |
| 2017-12-31 | CA$-1.05 Million ≈ $-761.62K |
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Equity Component Analysis
This analysis shows how different components contribute to Power Nickel 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 4565344400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$111.22 Million | 2427.31% |
| Total Equity | CA$4.58 Million | 100.00% |
Power Nickel Inc Competitors by Market Cap
The table below lists competitors of Power Nickel Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yunsung F&C Co. Ltd.
KQ:372170
|
$196.28 Million |
|
Goliath Resources Ltd
V:GOT
|
$196.31 Million |
|
Bank Agris Tbk
JK:AGRS
|
$196.33 Million |
|
SEG International Bhd
KLSE:9792
|
$196.33 Million |
|
Rhom Bho Property Public Company Limited
BK:TITLE
|
$196.23 Million |
|
Kss Line
KO:044450
|
$196.15 Million |
|
Platinum Analytics Cayman Limited Class A Ordinary Shares
NASDAQ:PLTS
|
$196.10 Million |
|
GnBS Engineering Co. Ltd.
KQ:382800
|
$196.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Power Nickel Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -2,546,048 to 4,582,029, a change of 7,128,077.
- Net loss of 21,001,914 reduced equity.
- New share issuances of 22,640,473 increased equity.
- Other factors increased equity by 5,489,518.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-21.00 Million | -458.35% |
| Share Issuances | CA$22.64 Million | +494.11% |
| Other Changes | CA$5.49 Million | +119.81% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares Power Nickel 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: 50.10x
- 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 |
|---|---|---|---|
| 2017-12-31 | CA$-0.12 | CA$1.17 | x |
| 2018-12-31 | CA$-0.10 | CA$1.17 | x |
| 2019-12-31 | CA$-0.19 | CA$1.17 | x |
| 2020-12-31 | CA$-0.03 | CA$1.17 | x |
| 2021-12-31 | CA$-0.01 | CA$1.17 | x |
| 2022-12-31 | CA$-0.01 | CA$1.17 | x |
| 2023-12-31 | CA$-0.02 | CA$1.17 | x |
| 2024-12-31 | CA$0.02 | CA$1.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Power Nickel Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -458.35%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.70x
- Recent ROE (-458.35%) is below the historical average (-57.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-2.38 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-2.00 Million |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-923.69K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-1.91 Million |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-10.24 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-4.16 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-10.56 Million |
| 2024 | -458.35% | 0.00% | 0.00x | 1.70x | CA$-21.46 Million |
Industry Comparison
This section compares Power Nickel 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: $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 |
|---|---|---|---|---|
| Power Nickel Inc (PNPN) | CA$12.79 Million | 0.00% | 1.65x | $196.24 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 Power Nickel Inc
Power Metallic Mines Inc., an exploration company, engages in the acquisition and exploration of mineral resources in Chile and Canada. The company explores for nickel, copper, cobalt, platinum, palladium, gold, and silver deposits. Its flagship project is the Nisk property located near Nemaska in Quebec, Canada. The company was formerly known as Power Nickel Inc. and changed its name to Power Me… Read more