Quebec Precious Metals Corporation (QPM) - Net Assets
Based on the latest financial reports, Quebec Precious Metals Corporation (QPM) has net assets worth CA$40.13K CAD as of October 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$399.64K) and total liabilities (CA$359.51K). 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$40.13K |
| % of Total Assets | 10.04% |
| Annual Growth Rate | -14.72% |
| 5-Year Change | -87.76% |
| 10-Year Change | N/A |
| Growth Volatility | 101.89 |
Quebec Precious Metals Corporation - Net Assets Trend (2017–2024)
This chart illustrates how Quebec Precious Metals Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Quebec Precious Metals Corporation (2017–2024)
The table below shows the annual net assets of Quebec Precious Metals Corporation from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-01-31 | CA$647.37K | -70.31% |
| 2023-01-31 | CA$2.18 Million | -7.45% |
| 2022-01-31 | CA$2.36 Million | -16.54% |
| 2021-01-31 | CA$2.82 Million | -46.60% |
| 2020-01-31 | CA$5.29 Million | -59.30% |
| 2019-01-31 | CA$12.99 Million | +233.88% |
| 2018-01-31 | CA$3.89 Million | +97.27% |
| 2017-01-31 | CA$1.97 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Quebec Precious Metals Corporation'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 2372658100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (January 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$56.72 Million | 8761.88% |
| Total Equity | CA$647.37K | 100.00% |
Quebec Precious Metals Corporation Competitors by Market Cap
The table below lists competitors of Quebec Precious Metals Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
White Pine Resources Inc.
V:WPR
|
$2.63 Million |
|
iMetal Resources Inc
V:IMR
|
$2.63 Million |
|
Borqs Technologies Inc.
NASDAQ:BRQSF
|
$2.64 Million |
|
AlphaGen Intelligence Corp.
F:G4G
|
$2.64 Million |
|
Vendetta Mining Corp
V:VTT
|
$2.62 Million |
|
BPH Global Ltd
AU:BP8
|
$2.62 Million |
|
Trucknet Enterprise Ltd
TA:TRAN
|
$2.62 Million |
|
QTCG PUBLIC COMPANY LIMITED
BK:QTCG
|
$2.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Quebec Precious Metals Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,180,681 to 647,367, a change of -1,533,314 (-70.3%).
- Net loss of 2,656,049 reduced equity.
- New share issuances of 1,378,575 increased equity.
- Other factors decreased equity by 255,840.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-2.66 Million | -410.28% |
| Share Issuances | CA$1.38 Million | +212.95% |
| Other Changes | CA$-255.84K | -39.52% |
| Total Change | CA$- | -70.31% |
Book Value vs Market Value Analysis
This analysis compares Quebec Precious Metals Corporation'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: 5.12x
- 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 0.22x to 5.12x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-01-31 | CA$0.16 | CA$0.04 | x |
| 2019-01-31 | CA$0.29 | CA$0.04 | x |
| 2020-01-31 | CA$0.08 | CA$0.04 | x |
| 2021-01-31 | CA$0.04 | CA$0.04 | x |
| 2022-01-31 | CA$0.03 | CA$0.04 | x |
| 2023-01-31 | CA$0.03 | CA$0.04 | x |
| 2024-01-31 | CA$0.01 | CA$0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Quebec Precious Metals Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -410.28%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.51x
- Recent ROE (-410.28%) is below the historical average (-97.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -28.99% | 0.00% | 0.00x | 1.34x | CA$-769.12K |
| 2018 | -5.94% | 0.00% | 0.00x | 1.21x | CA$-620.45K |
| 2019 | -9.96% | 0.00% | 0.00x | 1.07x | CA$-2.59 Million |
| 2020 | -48.72% | 0.00% | 0.00x | 1.46x | CA$-3.10 Million |
| 2021 | -104.36% | 0.00% | 0.00x | 1.17x | CA$-3.23 Million |
| 2022 | -161.66% | 0.00% | 0.00x | 1.49x | CA$-4.04 Million |
| 2023 | -12.18% | 0.00% | 0.00x | 1.05x | CA$-483.58K |
| 2024 | -410.28% | 0.00% | 0.00x | 1.51x | CA$-2.72 Million |
Industry Comparison
This section compares Quebec Precious Metals Corporation's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $25,011,639
- Average return on equity (ROE) among peers: -23.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Quebec Precious Metals Corporation (QPM) | CA$40.13K | -28.99% | 8.96x | $2.62 Million |
| Abcourt Mines Inc. (ABI) | $27.66 Million | -3.28% | 0.35x | $86.06 Million |
| Athabasca Minerals Inc (ABM) | $13.38 Million | -3.65% | 0.02x | $3.68 Million |
| American Eagle Gold Corp (AE) | $830.83K | -165.75% | 0.05x | $148.82 Million |
| Aero Energy Limited (AERO) | $14.72 Million | -5.86% | 0.05x | $9.68 Million |
| AIS Resources Ltd (AIS) | $518.31K | -0.04% | 0.11x | $1.76 Million |
| Algo Grande Copper Corp. (ALGR) | $-251.88K | 0.00% | 0.00x | $9.71 Million |
| Alkane Resources Limited (ALK) | $191.56 Million | 29.08% | 0.23x | $985.87 Million |
| Alliance Mining Corp (ALM) | $-3.10 Million | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $822.20K | -78.33% | 0.24x | $38.60 Million |
| Argus Metals Corp. (AML) | $3.98 Million | -5.17% | 0.10x | $1.59 Million |
About Quebec Precious Metals Corporation
Quebec Precious Metals Corporation engages in the acquisition, exploration, and development of mining projects in Canada. The company explores for gold and rare earth metals. Quebec Precious Metals Corporation was formerly known as Canada Strategic Metals Inc. and changed its name to Quebec Precious Metals Corporation in June 2018. The company was founded in 1984 and is based in Montreal, Canada.… Read more