Trench Metals Corp
Trench Metals Corp. operates as a mineral exploration and development company in Canada. The company holds interest in the Carter Lake Uranium Project located in the Athabasca basin of Saskatchewan, Canada. It also holds an option to acquire the Spreckley Lake Uranium Project located in northern Saskatchewan. The company was formerly known as Trench Solutions Inc. and changed its name to Trench M… Read more
Trench Metals Corp (TMC) - Net Assets
Latest net assets as of April 2024: CA$1.23 Million CAD
Based on the latest financial reports, Trench Metals Corp (TMC) has net assets worth CA$1.23 Million CAD as of April 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$1.32 Million) and total liabilities (CA$89.17K). 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$1.23 Million |
| % of Total Assets | 93.23% |
| Annual Growth Rate | N/A |
| 5-Year Change | 24.72% |
| 10-Year Change | N/A |
| Growth Volatility | 46.77 |
Trench Metals Corp - Net Assets Trend (2017–2023)
This chart illustrates how Trench 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 Trench Metals Corp (2017–2023)
The table below shows the annual net assets of Trench Metals Corp from 2017 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-10-31 | CA$1.16 Million | +54.08% |
| 2022-10-31 | CA$752.85K | +68.51% |
| 2021-10-31 | CA$446.76K | -44.95% |
| 2020-10-31 | CA$811.50K | -12.75% |
| 2019-10-31 | CA$930.10K | +404.15% |
| 2018-10-31 | CA$-305.81K | +55.77% |
| 2017-10-31 | CA$-691.42K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trench 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 326150700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$7.46 Million | 643.09% |
| Total Equity | CA$1.16 Million | 100.00% |
Trench Metals Corp Competitors by Market Cap
The table below lists competitors of Trench Metals Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mainz Biomed BV
NASDAQ:MYNZ
|
$2.66 Million |
|
ACKERMANS - Dusseldorf Stock Exchang
DU:B3K
|
$2.66 Million |
|
Global Sweeteners Holdings Limited
F:3GS
|
$2.66 Million |
|
HG Holdings Inc
OTCQB:STLY
|
$2.66 Million |
|
Hunter Capital AB (publ)
F:2DD0
|
$2.66 Million |
|
FBS Global Limited Ordinary Shares
NASDAQ:FBGL
|
$2.66 Million |
|
WIMFARM S.A. EO 1-
F:6WW
|
$2.66 Million |
|
FN Factory Outlet Public Company Limited
BK:FN
|
$2.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trench Metals Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 752,851 to 1,160,021, a change of 407,170 (54.1%).
- Net loss of 986,398 reduced equity.
- Other factors increased equity by 1,393,568.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-986.40K | -85.03% |
| Other Changes | CA$1.39 Million | +120.13% |
| Total Change | CA$- | 54.08% |
Book Value vs Market Value Analysis
This analysis compares Trench 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: 26.18x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-10-31 | CA$-0.07 | CA$0.58 | x |
| 2018-10-31 | CA$-0.03 | CA$0.58 | x |
| 2019-10-31 | CA$0.03 | CA$0.58 | x |
| 2020-10-31 | CA$0.02 | CA$0.58 | x |
| 2021-10-31 | CA$0.01 | CA$0.58 | x |
| 2022-10-31 | CA$0.02 | CA$0.58 | x |
| 2023-10-31 | CA$0.02 | CA$0.58 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trench Metals Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -85.03%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.02x
- Recent ROE (-85.03%) is below the historical average (-39.74%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.00% | -58.58% | 14.34x | 0.00x | CA$-1.21 Million |
| 2018 | 0.00% | -17.18% | 20.24x | 0.00x | CA$-531.55K |
| 2019 | -5.91% | 0.00% | 0.00x | 1.05x | CA$-148.02K |
| 2020 | -14.50% | 0.00% | 0.00x | 1.01x | CA$-198.80K |
| 2021 | -148.76% | 0.00% | 0.00x | 1.03x | CA$-709.30K |
| 2022 | -23.94% | 0.00% | 0.00x | 1.10x | CA$-255.50K |
| 2023 | -85.03% | 0.00% | 0.00x | 1.02x | CA$-1.10 Million |
Industry Comparison
This section compares Trench Metals Corp's net assets metrics with peer companies in the Uranium industry.
Industry Context
- Industry: Uranium
- Average net assets among peers: $57,224,285
- Average return on equity (ROE) among peers: -97.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trench Metals Corp (TMC) | CA$1.23 Million | 0.00% | 0.07x | $2.66 Million |
| ALX Uranium Corp (AL) | $12.81 Million | -21.20% | 0.02x | $5.31 Million |
| Geiger Energy Corporation (BEEP) | $6.68 Million | -270.94% | 0.23x | $9.58 Million |
| enCore Energy Corp. (EU) | $318.54 Million | -19.27% | 0.23x | $361.16 Million |
| Fission 3.0 Corp (FUU) | $3.93 Million | -52.59% | 0.31x | $74.46 Million |
| Kirkstone Metals Corp. (KSM) | $1.13 Million | 0.00% | 0.60x | $7.14 Million |
| North Shore Uranium Ltd. (NSU) | $249.21K | -223.81% | 0.64x | $10.39 Million |