African Gold Ltd
African Gold Limited, together with its subsidiaries, engages in acquiring, exploring, evaluating, and exploiting mineral resource projects in Africa. It primarily explores for gold, nickel, cobalt, copper, lithium, tantalum, niobium, and beryllium deposits. The company's flagship project is the Didievi gold project located in Côte d'Ivoire. African Gold Limited was incorporated in 2018 and is he… Read more
African Gold Ltd (A1G) - Net Assets
Latest net assets as of June 2025: AU$17.09 Million AUD
Based on the latest financial reports, African Gold Ltd (A1G) has net assets worth AU$17.09 Million AUD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$18.39 Million) and total liabilities (AU$1.30 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$17.09 Million |
| % of Total Assets | 92.95% |
| Annual Growth Rate | 14.32% |
| 5-Year Change | 32.76% |
| 10-Year Change | N/A |
| Growth Volatility | 31.09 |
African Gold Ltd - Net Assets Trend (2018–2024)
This chart illustrates how African Gold 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 African Gold Ltd (2018–2024)
The table below shows the annual net assets of African Gold Ltd from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$8.52 Million | -17.30% |
| 2023-12-31 | AU$10.30 Million | -6.98% |
| 2022-12-31 | AU$11.08 Million | -0.47% |
| 2021-12-31 | AU$11.13 Million | +73.39% |
| 2020-12-31 | AU$6.42 Million | +19.44% |
| 2019-12-31 | AU$5.37 Million | +40.80% |
| 2018-12-31 | AU$3.82 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to African Gold 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 694914600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$15.03 Million | 176.36% |
| Other Comprehensive Income | AU$1.81 Million | 21.24% |
| Total Equity | AU$8.52 Million | 100.00% |
African Gold Ltd Competitors by Market Cap
The table below lists competitors of African Gold Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Entero Healthcare Solutions Ltd.
NSE:ENTERO
|
$170.44 Million |
|
Shenzhen Ridge Engineering Consulting Co. Ltd.
SHE:300977
|
$170.59 Million |
|
Metrodata Electronics Tbk
JK:MTDL
|
$170.60 Million |
|
Cheetah Mobile Inc
NYSE:CMCM
|
$170.64 Million |
|
HARMONY ENERGY INCOME TR.
F:WF0
|
$170.37 Million |
|
Thien Long Group Corp
VN:TLG
|
$170.34 Million |
|
Leasinvest Real Estate SCA
F:L3R
|
$170.29 Million |
|
WHA Industrial Leasehold REIT
BK:WHAIR
|
$170.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in African Gold Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,304,334 to 8,522,000, a change of -1,782,334 (-17.3%).
- Net loss of 7,296,000 reduced equity.
- Share repurchases of 194,023 reduced equity.
- New share issuances of 3,205,622 increased equity.
- Other comprehensive income decreased equity by 6,809,278.
- Other factors increased equity by 9,311,345.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-7.30 Million | -85.61% |
| Share Repurchases | AU$194.02K | -2.28% |
| Share Issuances | AU$3.21 Million | +37.62% |
| Other Comprehensive Income | AU$-6.81 Million | -79.9% |
| Other Changes | AU$9.31 Million | +109.26% |
| Total Change | AU$- | -17.30% |
Book Value vs Market Value Analysis
This analysis compares African Gold 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: 27.85x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 8.19x to 27.85x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | AU$0.11 | AU$0.93 | x |
| 2019-12-31 | AU$0.08 | AU$0.93 | x |
| 2020-12-31 | AU$0.08 | AU$0.93 | x |
| 2021-12-31 | AU$0.10 | AU$0.93 | x |
| 2022-12-31 | AU$0.09 | AU$0.93 | x |
| 2023-12-31 | AU$0.06 | AU$0.93 | x |
| 2024-12-31 | AU$0.03 | AU$0.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently African Gold Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -85.61%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.07x
- Recent ROE (-85.61%) is below the historical average (-29.91%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -35.85% | -1520638.89% | 0.00x | 1.08x | AU$-1.75 Million |
| 2019 | -18.30% | 0.00% | 0.00x | 1.15x | AU$-1.52 Million |
| 2020 | -11.14% | 0.00% | 0.00x | 1.01x | AU$-1.36 Million |
| 2021 | -22.75% | 0.00% | 0.00x | 1.07x | AU$-3.65 Million |
| 2022 | -18.17% | 0.00% | 0.00x | 1.05x | AU$-3.12 Million |
| 2023 | -17.56% | 0.00% | 0.00x | 1.09x | AU$-2.84 Million |
| 2024 | -85.61% | 0.00% | 0.00x | 1.07x | AU$-8.15 Million |
Industry Comparison
This section compares African Gold Ltd's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $2,615,210
- Average return on equity (ROE) among peers: -22.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| African Gold Ltd (A1G) | AU$17.09 Million | -35.85% | 0.08x | $170.41 Million |
| EXULTANT FPO [10X] (10X) | $5.63 Million | -1.35% | 0.01x | $1.10K |
| Morella Corporation Ltd (1MC) | $5.43 Million | -6.71% | 0.57x | $2.93 Million |
| 6K Additive Inc (6KA) | $-21.36 Million | 0.00% | 0.00x | $24.91 Million |
| Atlantic Lithium Ltd (A11) | $789.39K | -143.95% | 0.47x | $71.83 Million |
| Albright Metals Ltd (ABR) | $5.61 Million | 0.47% | 0.11x | $1.11 Million |
| Audalia Resources Ltd (ACP) | $2.12 Million | -18.55% | 0.04x | $893.85K |
| Accent Resources NL (ACS) | $4.38 Million | -14.12% | 0.03x | $211.71K |
| Acdc Metals Ltd (ADC) | $10.13 Million | -6.86% | 0.04x | $1.02 Million |
| Admiralty Resources NL (ADY) | $10.81 Million | -14.31% | 1.16x | $5.70 Million |