Strategic Metals Ltd (SMD) - Net Assets

Latest as of September 2025: CA$89.72 Million CAD ≈ $64.90 Million USD

Based on the latest financial reports, Strategic Metals Ltd (SMD) has net assets worth CA$89.72 Million CAD (≈ $64.90 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$95.65 Million ≈ $69.19 Million USD) and total liabilities (CA$5.94 Million ≈ $4.29 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. Check SMD cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$89.72 Million
% of Total Assets	93.79%
Annual Growth Rate	-0.81%
5-Year Change	-4.42%
10-Year Change	24.99%
Growth Volatility	9.91

Strategic Metals Ltd - Net Assets Trend (2013–2024)

This chart illustrates how Strategic Metals Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Strategic Metals Ltd total assets for the complete picture of this company's asset base.

Annual Net Assets for Strategic Metals Ltd (2013–2024)

The table below shows the annual net assets of Strategic Metals Ltd from 2013 to 2024. For live valuation and market cap data, see SMD company net worth.

Year	Net Assets	Change
2024-12-31	CA$85.42 Million ≈ $61.79 Million	-1.87%
2023-12-31	CA$87.05 Million ≈ $62.97 Million	-1.96%
2022-12-31	CA$88.79 Million ≈ $64.23 Million	+2.01%
2021-12-31	CA$87.04 Million ≈ $62.96 Million	-2.61%
2020-12-31	CA$89.37 Million ≈ $64.65 Million	+18.12%
2019-12-31	CA$75.66 Million ≈ $54.73 Million	+7.10%
2018-12-31	CA$70.64 Million ≈ $51.10 Million	-6.93%
2017-12-31	CA$75.91 Million ≈ $54.91 Million	+3.75%
2016-12-31	CA$73.17 Million ≈ $52.93 Million	+7.06%
2015-12-31	CA$68.34 Million ≈ $49.44 Million	-23.56%
2014-12-31	CA$89.40 Million ≈ $64.67 Million	-4.27%
2013-12-31	CA$93.39 Million ≈ $67.56 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Strategic Metals Ltd'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 213.6% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Other Components	CA$58.59 Million	137.44%
Total Equity	CA$42.63 Million	100.00%

Strategic Metals Ltd Competitors by Market Cap

The table below lists competitors of Strategic Metals Ltd ranked by their market capitalization.

Company	Market Cap
Neurosense Therapeutics Ltd NASDAQ:NRSN	$26.50 Million
Impact Coatings publ AB ST:IMPC	$26.50 Million
Egeplast Ege Plastik Ticaret ve Sanayi AS IS:EPLAS	$26.51 Million
Lulu's Fashion Lounge Holdings Inc NASDAQ:LVLU	$26.51 Million
Kurniamitra Duta Sentosa Tbk JK:KMDS	$26.49 Million
Green Critical Minerals Ltd AU:GCM	$26.48 Million
PLANETEL SPA F:0A7	$26.48 Million
Marco Holdings Bhd KLSE:3514	$26.47 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Strategic Metals Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 46,252,779 to 42,633,026, a change of -3,619,753 (-7.8%).
Net loss of 3,009,909 reduced equity.
New share issuances of 1,131,000 increased equity.
Other factors decreased equity by 1,740,844.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CA$-3.01 Million	-7.06%
Share Issuances	CA$1.13 Million	+2.65%
Other Changes	CA$-1.74 Million	-4.08%
Total Change	CA$-	-7.83%

Book Value vs Market Value Analysis

This analysis compares Strategic Metals Ltd'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: 0.86x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has increased from 0.52x to 0.86x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-12-31	CA$0.63	CA$0.33	x
2018-12-31	CA$0.58	CA$0.33	x
2019-12-31	CA$0.53	CA$0.33	x
2020-12-31	CA$0.54	CA$0.33	x
2021-12-31	CA$0.49	CA$0.33	x
2022-12-31	CA$0.44	CA$0.33	x
2023-12-31	CA$0.42	CA$0.33	x
2024-12-31	CA$0.38	CA$0.33	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Strategic Metals Ltd 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): -7.06%
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: 2.13x
Recent ROE (-7.06%) is above the historical average (-7.12%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	-27.31%	0.00%	0.00x	1.44x	CA$-25.82 Million
2014	-5.46%	0.00%	0.00x	1.46x	CA$-10.11 Million
2015	-20.66%	0.00%	0.00x	1.33x	CA$-16.67 Million
2016	5.94%	0.00%	0.00x	1.31x	CA$-2.41 Million
2017	-4.99%	0.00%	0.00x	1.42x	CA$-8.49 Million
2018	-9.97%	0.00%	0.00x	1.43x	CA$-10.39 Million
2019	-3.49%	0.00%	0.00x	1.57x	CA$-6.91 Million
2020	7.69%	0.00%	0.00x	1.68x	CA$-1.34 Million
2021	-8.51%	0.00%	0.00x	1.77x	CA$-9.86 Million
2022	-6.42%	0.00%	0.00x	1.98x	CA$-7.98 Million
2023	-5.26%	0.00%	0.00x	2.02x	CA$-7.06 Million
2024	-7.06%	0.00%	0.00x	2.13x	CA$-7.27 Million

Industry Comparison

This section compares Strategic Metals Ltd'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: $49,314,810
Average return on equity (ROE) among peers: -11.56%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Strategic Metals Ltd (SMD)	CA$89.72 Million	-27.31%	0.07x	$26.49 Million
Aftermath Silver Ltd (AAG)	$-553.41K	0.00%	0.00x	$185.75 Million
Aton Resources Inc (AAN)	$-1.13 Million	0.00%	0.00x	$49.79 Million
Arbor Metals Corp (ABR)	$1.00 Million	-16.27%	0.02x	$10.75 Million
Asiabasemetals Inc (ABZ)	$717.72K	-45.73%	0.05x	$4.67 Million
Adex Mining Inc (ADE)	$-30.95 Million	0.00%	0.00x	$27.09 Million
Alphamin Res (AFM)	$367.40 Million	27.47%	0.33x	$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)	$39.75 Million	-36.45%	3.85x	$4.73 Billion
Aldebaran Resources Inc (ALDE)	$64.54 Million	-3.09%	0.01x	$332.39 Million

About Strategic Metals Ltd

V:SMD Canada Other Industrial Metals & Mining

Market Cap

$26.49 Million

CA$36.62 Million CAD

Market Cap Rank

#24130 Global

#913 in Canada

Share Price

CA$0.33

Change (1 day)

+10.00%

52-Week Range

CA$0.15 - CA$0.45

All Time High

CA$0.83