XXIX Metal Corp.
XXIX Metal Corp. engages in the exploration, development, and production of mineral properties in Canada. The company explores for copper, nickel, gold, and silver deposits. It focuses on the Opemiska copper project, which consists of 416 claims covering an area of 21,499.44 hectares located in the Chapais-Chibougamau region of Québec; and the Thierry copper project, which consists of 27 mineral … Read more
XXIX Metal Corp. (XXIX) - Net Assets
Latest net assets as of April 2025: CA$4.12 Million CAD
Based on the latest financial reports, XXIX Metal Corp. (XXIX) has net assets worth CA$4.12 Million CAD as of April 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$6.84 Million) and total liabilities (CA$2.72 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$4.12 Million |
| % of Total Assets | 60.17% |
| Annual Growth Rate | -23.32% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 13.56 |
XXIX Metal Corp. - Net Assets Trend (2021–2024)
This chart illustrates how XXIX Metal 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 XXIX Metal Corp. (2021–2024)
The table below shows the annual net assets of XXIX Metal Corp. from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-10-31 | CA$7.74 Million | -36.13% |
| 2023-10-31 | CA$12.12 Million | -26.63% |
| 2022-10-31 | CA$16.52 Million | -3.81% |
| 2021-10-31 | CA$17.17 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to XXIX Metal 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 2900.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$23.27 Million | 300.63% |
| Total Equity | CA$7.74 Million | 100.00% |
XXIX Metal Corp. Competitors by Market Cap
The table below lists competitors of XXIX Metal Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cartica Acquisition Corp
NASDAQ:CITE
|
$27.78 Million |
|
Heerim Architects & Planners Co. Ltd
KQ:037440
|
$27.79 Million |
|
Diffusion Engineers Ltd
NSE:DIFFNKG
|
$27.79 Million |
|
Kapsch Traffic
VI:KTCG
|
$27.80 Million |
|
Homenema Technology Incorporation
TWO:8087
|
$27.77 Million |
|
Ahoku Electronic Co
TW:3002
|
$27.76 Million |
|
Chumporn Palm Oil Industry Public Company Limited
BK:CPI
|
$27.76 Million |
|
BF Investment Limited
NSE:BFINVEST
|
$27.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in XXIX Metal Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,120,271 to 7,741,126, a change of -4,379,145 (-36.1%).
- Net loss of 4,857,132 reduced equity.
- Other factors increased equity by 477,987.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-4.86 Million | -62.74% |
| Other Changes | CA$477.99K | +6.17% |
| Total Change | CA$- | -36.13% |
Book Value vs Market Value Analysis
This analysis compares XXIX Metal 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: 2.82x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.98x to 2.82x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-10-31 | CA$0.13 | CA$0.13 | x |
| 2022-10-31 | CA$0.11 | CA$0.13 | x |
| 2023-10-31 | CA$0.07 | CA$0.13 | x |
| 2024-10-31 | CA$0.04 | CA$0.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently XXIX Metal Corp. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -62.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.06x
- Recent ROE (-62.74%) is below the historical average (-36.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 2.81% | 0.00% | 0.00x | 1.21x | CA$-1.24 Million |
| 2022 | -23.65% | 0.00% | 0.00x | 1.02x | CA$-5.56 Million |
| 2023 | -60.41% | 0.00% | 0.00x | 1.02x | CA$-8.53 Million |
| 2024 | -62.74% | 0.00% | 0.00x | 1.06x | CA$-5.63 Million |
Industry Comparison
This section compares XXIX Metal Corp.'s net assets metrics with peer companies in the Copper industry.
Industry Context
- Industry: Copper
- Average net assets among peers: $2,613,728
- Average return on equity (ROE) among peers: -55.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| XXIX Metal Corp. (XXIX) | CA$4.12 Million | 2.81% | 0.66x | $27.77 Million |
| Aranjin Resources Ltd (ARJN) | $1.99 Million | -52.54% | 1.43x | $607.03K |
| Axo Copper Corp (AXO) | $80.00K | 0.00% | 0.00x | $117.09 Million |
| Capstone Mining Corp (CS) | $44.08K | -158.72% | 3.74x | $5.34 Billion |
| Faraday Copper Corp. (FDY) | $12.53 Million | -100.42% | 0.01x | $334.53 Million |
| Transforma Resources Corp (TFM) | $-941.49K | 0.00% | 0.00x | $341.87K |
| T2 Metals Corp. (TWO) | $1.98 Million | -20.45% | 0.31x | $14.53 Million |