Strategic Metals Ltd (SMD) - Net Assets
Based on the latest financial reports, Strategic Metals Ltd (SMD) has net assets worth CA$85.56 Million CAD (≈ $61.90 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$89.61 Million ≈ $64.83 Million USD) and total liabilities (CA$4.05 Million ≈ $2.93 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 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$85.56 Million |
| % of Total Assets | 95.48% |
| Annual Growth Rate | -0.99% |
| 5-Year Change | -4.83% |
| 10-Year Change | 13.22% |
| Growth Volatility | 9.52 |
Strategic Metals Ltd - Net Assets Trend (2013–2025)
This chart illustrates how Strategic Metals Ltd's net assets have evolved over time, based on quarterly financial data. See SMD defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Strategic Metals Ltd (2013–2025)
The table below shows the annual net assets of Strategic Metals Ltd from 2013 to 2025. For live valuation and market cap data, see SMD company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$82.84 Million ≈ $59.92 Million |
-3.02% |
| 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 |
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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 235.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$58.68 Million | 147.91% |
| Total Equity | CA$39.67 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 |
|---|---|
|
Bridgepoint Group Plc
LSE:BPT
|
$27.32 Million |
|
Sc Engineering
KO:023960
|
$27.35 Million |
|
Digitalx Ltd
AU:DCC
|
$27.38 Million |
|
CryoCell International Inc
NYSE MKT:CCEL
|
$27.39 Million |
|
Carmit
TA:CRMT
|
$27.30 Million |
|
Inderes Oyj
HE:INDERES
|
$27.30 Million |
|
SAF Tehnika A/S
F:VTZ
|
$27.30 Million |
|
Dayou AP Co.Ltd
KQ:290120
|
$27.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Strategic Metals Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 42,633,026 to 39,673,587, a change of -2,959,439 (-6.9%).
- Net loss of 2,999,363 reduced equity.
- New share issuances of 625,000 increased equity.
- Other factors decreased equity by 585,076.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-3.00 Million | -7.56% |
| Share Issuances | CA$625.00K | +1.58% |
| Other Changes | CA$-585.08K | -1.47% |
| Total Change | CA$- | -6.94% |
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: 0.95x
- 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 0.54x to 0.95x 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$0.34 | x |
| 2018-12-31 | CA$0.58 | CA$0.34 | x |
| 2019-12-31 | CA$0.53 | CA$0.34 | x |
| 2020-12-31 | CA$0.54 | CA$0.34 | x |
| 2021-12-31 | CA$0.49 | CA$0.34 | x |
| 2022-12-31 | CA$0.44 | CA$0.34 | x |
| 2023-12-31 | CA$0.42 | CA$0.34 | x |
| 2024-12-31 | CA$0.38 | CA$0.34 | x |
| 2025-12-31 | CA$0.36 | CA$0.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Strategic Metals Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -7.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 2.19x
- Recent ROE (-7.56%) is below the historical average (-7.16%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -27.31% | 0.00% | 0.00x | 1.44x | CA$-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$-7.27 Million |
| 2025 | -7.56% | 0.00% | 0.00x | 2.19x | CA$-6.97 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: $2,278,129
- Average return on equity (ROE) among peers: -49.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Strategic Metals Ltd (SMD) | CA$85.56 Million | -27.31% | 0.05x | $27.31 Million |
| Aftermath Silver Ltd (AAG) | $-1.02 Million | 0.00% | 0.00x | $195.23 Million |
| Aton Resources Inc (AAN) | $-9.49 Million | 0.00% | 0.00x | $42.41 Million |
| Arbor Metals Corp (ABR) | $153.43K | -30.35% | 0.39x | $8.19 Million |
| Asiabasemetals Inc (ABZ) | $-251.39K | 0.00% | 0.00x | $3.63 Million |
| Adex Mining Inc (ADE) | $-81.43K | 0.00% | 0.00x | $66.13 Million |
| Alphamin Res (AFM) | $159.81K | -280.73% | 0.49x | $1.30 Billion |
| Silver X Mining Corp (AGX) | $18.71 Million | -66.45% | 1.77x | $138.33 Million |
| Amarc Resources Ltd. (AHR) | $7.22 Million | -119.49% | 0.12x | $159.74 Million |
| Almonty Industries Inc (AII) | $21.18 Million | 0.00% | 0.48x | $5.33 Billion |
| Aldebaran Resources Inc (ALDE) | $-13.79 Million | 0.00% | 0.00x | $425.46 Million |
About Strategic Metals Ltd
Strategic Metals Ltd. engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It explores for gold, silver, lead, zinc, copper, tin, tungsten, vanadium, and lithium metals; and deposit types, such as porphyry, skarn, epithermal vein, orogenic gold, sedex, and carbonate replacement. The company was incorporated in 1988 and is headquartered in Vancouver, Canada.