29METALS Ltd
29Metals Limited operates as a copper-focused base and precious metals mining company in Australia and Chile. The company explores copper, gold, silver, zinc, and lead deposits. It is also involved in base and precious metals mining, mineral production, and associated activities; exploration for mineral resources; and Cervantes, and Gossan Valley projects. Its primary assets include the Golden Gr… Read more
29METALS Ltd (29M) - Net Assets
Latest net assets as of December 2025: AU$446.06 Million AUD
Based on the latest financial reports, 29METALS Ltd (29M) has net assets worth AU$446.06 Million AUD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$1.04 Billion) and total liabilities (AU$595.63 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 | AU$446.06 Million |
| % of Total Assets | 42.82% |
| Annual Growth Rate | -9.07% |
| 5-Year Change | -42.03% |
| 10-Year Change | N/A |
| Growth Volatility | 17.76 |
29METALS Ltd - Net Assets Trend (2020–2025)
This chart illustrates how 29METALS Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for 29METALS Ltd (2020–2025)
The table below shows the annual net assets of 29METALS Ltd from 2020 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | AU$446.06 Million | +6.39% |
| 2024-12-31 | AU$419.28 Million | -0.73% |
| 2023-12-31 | AU$422.34 Million | -40.99% |
| 2022-12-31 | AU$715.69 Million | -7.00% |
| 2021-12-31 | AU$769.54 Million | +7.26% |
| 2020-12-31 | AU$717.42 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to 29METALS 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 299.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$971.96 Million | 217.90% |
| Other Comprehensive Income | AU$3.84 Million | 0.86% |
| Other Components | AU$1.00 | 0.00% |
| Total Equity | AU$446.06 Million | 100.00% |
29METALS Ltd Competitors by Market Cap
The table below lists competitors of 29METALS Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bohai Water Industry Co Ltd
SHE:000605
|
$171.74 Million |
|
ECHO INVESTMENT ZY 005
F:4I3
|
$171.78 Million |
|
Idorsia Ltd
PINK:IDRSF
|
$171.80 Million |
|
Shandong Weigao Orthopaedic Device Co. Ltd. A
SHG:688161
|
$171.85 Million |
|
Mahindra Logistics Limited
NSE:MAHLOG
|
$171.72 Million |
|
Com2uS Corporation
KQ:078340
|
$171.71 Million |
|
Acacia Research Corporation
NASDAQ:ACTG
|
$171.69 Million |
|
GABIA Inc
KQ:079940
|
$171.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in 29METALS Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 419,280,000 to 446,062,000, a change of 26,782,000 (6.4%).
- Net income of 24,171,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 333,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$24.17 Million | +5.42% |
| Other Comprehensive Income | AU$-333.00K | -0.07% |
| Other Changes | AU$2.94 Million | +0.66% |
| Total Change | AU$- | 6.39% |
Book Value vs Market Value Analysis
This analysis compares 29METALS 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: 1.21x
- 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 0.25x to 1.21x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | AU$1.46 | AU$0.36 | x |
| 2021-12-31 | AU$1.56 | AU$0.36 | x |
| 2022-12-31 | AU$1.45 | AU$0.36 | x |
| 2023-12-31 | AU$0.77 | AU$0.36 | x |
| 2024-12-31 | AU$0.57 | AU$0.36 | x |
| 2025-12-31 | AU$0.30 | AU$0.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently 29METALS 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): 5.42%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.27%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 2.34x
- Recent ROE (5.42%) is above the historical average (-20.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 11.67% | 19.26% | 0.35x | 1.75x | AU$11.95 Million |
| 2021 | 15.73% | 20.14% | 0.46x | 1.71x | AU$44.06 Million |
| 2022 | -6.60% | -6.61% | 0.55x | 1.81x | AU$-118.79 Million |
| 2023 | -104.29% | -97.94% | 0.46x | 2.32x | AU$-482.70 Million |
| 2024 | -42.36% | -32.23% | 0.53x | 2.48x | AU$-219.54 Million |
| 2025 | 5.42% | 4.27% | 0.54x | 2.34x | AU$-20.44 Million |
Industry Comparison
This section compares 29METALS Ltd's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $40,979,919
- Average return on equity (ROE) among peers: -71.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| 29METALS Ltd (29M) | AU$446.06 Million | 11.67% | 1.34x | $171.73 Million |
| Aic Mines Ltd (A1M) | $8.72 Million | -78.07% | 0.14x | $147.29 Million |
| Australian Critical Minerals Ltd (ACM) | $-14.00K | 0.00% | 0.00x | $1.43 Million |
| Alvo Minerals Ltd (ALV) | $3.02 Million | -198.12% | 0.08x | $2.34 Million |
| Alicanto Minerals Ltd (AQI) | $4.78 Million | -147.27% | 0.13x | $43.93 Million |
| Askari Metals Ltd (AS2) | $11.00 Million | -56.43% | 0.12x | $2.21 Million |
| Altitude Minerals Ltd (ATT) | $4.14 Million | -122.29% | 0.15x | $2.59 Million |
| Avira Resources Ltd (AVW) | $7.03 Million | -32.56% | 0.54x | $1.27 Million |
| Antipa Minerals Ltd (AZY) | $98.25 Million | -5.44% | 0.06x | $209.72 Million |
| Burgundy Diamond Mines Ltd (BDM) | $231.89 Million | -0.88% | 3.22x | $10.17 Million |