South Pacific Metals Corp. (SPMC) - Net Assets
Based on the latest financial reports, South Pacific Metals Corp. (SPMC) has net assets worth CA$9.36 Million CAD as of March 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$10.71 Million) and total liabilities (CA$1.35 Million). 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$9.36 Million |
| % of Total Assets | 87.35% |
| Annual Growth Rate | 152.14% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 506.43 |
South Pacific Metals Corp. - Net Assets Trend (2019–2023)
This chart illustrates how South Pacific Metals 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 South Pacific Metals Corp. (2019–2023)
The table below shows the annual net assets of South Pacific Metals Corp. from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-09-30 | CA$8.22 Million | +19.13% |
| 2022-09-30 | CA$6.90 Million | +169.15% |
| 2020-09-30 | CA$2.56 Million | +1160.55% |
| 2019-09-30 | CA$203.40K | -- |
Equity Component Analysis
This analysis shows how different components contribute to South Pacific Metals 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 500825900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$13.32 Million | 162.04% |
| Total Equity | CA$8.22 Million | 100.00% |
South Pacific Metals Corp. Competitors by Market Cap
The table below lists competitors of South Pacific Metals Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DT&C Co. Ltd
KQ:187220
|
$26.01 Million |
|
Carriesoft Co. Ltd
KQ:317530
|
$26.02 Million |
|
Carimin Petroleum Bhd
KLSE:5257
|
$26.02 Million |
|
Marka Yatirim Holding AS
IS:MARKA
|
$26.02 Million |
|
Thai Rubber Latex Group Public Company Limited
BK:TRUBB
|
$26.00 Million |
|
SPARK VC S.A. ZY 10
F:8N2
|
$25.98 Million |
|
Fidelity European Values
LSE:FEV
|
$25.98 Million |
|
Bayfirst Financial Corp
NASDAQ:BAFN
|
$25.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in South Pacific Metals Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 6,901,000 to 8,221,000, a change of 1,320,000 (19.1%).
- Net loss of 1,607,000 reduced equity.
- New share issuances of 1,551,000 increased equity.
- Other factors increased equity by 1,376,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.61 Million | -19.55% |
| Share Issuances | CA$1.55 Million | +18.87% |
| Other Changes | CA$1.38 Million | +16.74% |
| Total Change | CA$- | 19.13% |
Book Value vs Market Value Analysis
This analysis compares South Pacific Metals 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: 1.20x
- 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 115.23x to 1.20x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-09-30 | CA$0.00 | CA$0.52 | x |
| 2020-09-30 | CA$0.57 | CA$0.52 | x |
| 2022-09-30 | CA$0.90 | CA$0.52 | x |
| 2023-09-30 | CA$0.43 | CA$0.52 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently South Pacific Metals Corp. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -19.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.39x
- Recent ROE (-19.55%) is above the historical average (-21.54%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -36.10% | 0.00% | 0.00x | 1.00x | CA$-93.77K |
| 2020 | -9.01% | 0.00% | 0.00x | 1.34x | CA$-487.40K |
| 2022 | -21.52% | 0.00% | 0.00x | 1.10x | CA$-2.18 Million |
| 2023 | -19.55% | 0.00% | 0.00x | 1.39x | CA$-2.43 Million |
Industry Comparison
This section compares South Pacific Metals Corp.'s net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $24,072,852
- Average return on equity (ROE) among peers: -15.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| South Pacific Metals Corp. (SPMC) | CA$9.36 Million | -36.10% | 0.14x | $26.01 Million |
| Abcourt Mines Inc. (ABI) | $-6.28 Million | 0.00% | 0.00x | $86.06 Million |
| Athabasca Minerals Inc (ABM) | $27.09 Million | -2.83% | 0.47x | $3.68 Million |
| American Eagle Gold Corp (AE) | $3.52 Million | -143.42% | 0.34x | $148.82 Million |
| Aero Energy Limited (AERO) | $11.66 Million | -21.36% | 0.02x | $9.68 Million |
| AIS Resources Ltd (AIS) | $710.09K | -3.25% | 0.03x | $1.76 Million |
| Algo Grande Copper Corp. (ALGR) | $-778.01K | 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) | $-2.44 Million | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $11.44 Million | -9.87% | 0.03x | $38.60 Million |
| Argus Metals Corp. (AML) | $4.24 Million | -4.26% | 0.13x | $1.59 Million |
About South Pacific Metals Corp.
South Pacific Metals Corp., a mineral exploration company, engages in the acquisition and exploration of mineral properties. It explores for copper, gold, and silver deposits. The company's principal projects include the Anga project that covers an area of approximately 461 square kilometers; and the Osena project consists of an area of approximately 738 square kilometers located in the Kainantu … Read more