Smithe Resources Corp.
Smithe Resources Corp. does not have significant operations. The company focuses on identifying and evaluating businesses or assets with a view to complete a qualifying transaction. The company was incorporated in 2021 and is headquartered in Vancouver, Canada.
Smithe Resources Corp. (SMTH-P) - Net Assets
Latest net assets as of January 2025: CA$222.29K CAD
Based on the latest financial reports, Smithe Resources Corp. (SMTH-P) has net assets worth CA$222.29K CAD as of January 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$269.83K) and total liabilities (CA$47.54K). 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$222.29K |
| % of Total Assets | 82.38% |
| Annual Growth Rate | 41.93% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 166.44 |
Smithe Resources Corp. - Net Assets Trend (2021–2024)
This chart illustrates how Smithe Resources Corp.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Smithe Resources Corp. (2021–2024)
The table below shows the annual net assets of Smithe Resources Corp. from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-04-30 | CA$295.44K | -22.03% |
| 2023-04-30 | CA$378.90K | -15.54% |
| 2022-04-30 | CA$448.61K | +334.23% |
| 2021-04-30 | CA$103.31K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Smithe Resources Corp.'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 27893400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (April 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$591.06K | 200.06% |
| Total Equity | CA$295.44K | 100.00% |
Smithe Resources Corp. Competitors by Market Cap
The table below lists competitors of Smithe Resources Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eddy Smart Home Solutions Ltd.
PINK:ESHSF
|
$245.14K |
|
EnviTec Biogas AG
XETRA:ETG
|
$245.22K |
|
SIRIUS XM HLDGS (RDO.SG)
STU:RDO
|
$245.33K |
|
Ishares Large Cap 10% Target Buffer Dec ETF
BATS:TEND
|
$245.33K |
|
Cosmo Energy Holdings Co. Ltd.
F:2LW
|
$244.97K |
|
WULX
BATS:WULX
|
$244.91K |
|
Zapp Electric Vehicles Group Limited Ordinary Shares
NASDAQ:ZAPP
|
$244.66K |
|
MITSUBISHI ESTATE - Dusseldorf Stock Exchang
DU:MES
|
$244.62K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Smithe Resources Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 378,905 to 295,439, a change of -83,466 (-22.0%).
- Net loss of 83,466 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-83.47K | -28.25% |
| Total Change | CA$- | -22.03% |
Book Value vs Market Value Analysis
This analysis compares Smithe Resources Corp.'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: 2.76x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 7.88x to 2.76x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-04-30 | CA$0.01 | CA$0.11 | x |
| 2022-04-30 | CA$0.06 | CA$0.11 | x |
| 2023-04-30 | CA$0.05 | CA$0.11 | x |
| 2024-04-30 | CA$0.04 | CA$0.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Smithe Resources Corp. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -28.25%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.06x
- Recent ROE (-28.25%) is below the historical average (-24.89%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -28.03% | 0.00% | 0.00x | 1.04x | CA$-170.62K |
| 2023 | -18.40% | 0.00% | 0.00x | 1.03x | CA$-107.60K |
| 2024 | -28.25% | 0.00% | 0.00x | 1.06x | CA$-113.01K |
Industry Comparison
This section compares Smithe Resources Corp.'s net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $320,719
- Average return on equity (ROE) among peers: -15.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Smithe Resources Corp. (SMTH-P) | CA$222.29K | -28.03% | 0.21x | $245.08K |
| First Tidal Acquisition Corp. (AAA-P) | $271.64K | -12.76% | 0.07x | $106.95K |
| AAJ Capital 3 Corp. (AAAJ-P) | $176.31K | -28.45% | 0.14x | $50.13K |
| AD4 Capital Corp. (ADJ-P) | $498.36K | 0.00% | 0.06x | $10.44K |
| AF2 Capital Corp (AF-P) | $125.52K | -22.68% | 0.19x | $45.26K |
| AIM5 Ventures Inc (AIME-P) | $236.65K | -15.61% | 0.12x | $151.51K |
| Apolo IV Acquisition Corp (AIV-P) | $1.13 Million | -19.92% | 0.03x | $33.42K |
| A-Labs Capital II Corp (ALAB-P) | $166.02K | -34.30% | 0.10x | $38.61K |
| Albatros Acquisition Corporation Inc. (ALBT-P) | $155.00K | 0.00% | 0.13x | $13.43K |
| Altina Capital Corp (ALTN-P) | $-3.34K | 0.00% | 0.00x | $65.59K |
| AMG Acquisition Corp (AMG-P) | $454.39K | -24.61% | 0.02x | $54.31K |