ABX Group Ltd (ABX) - Net Assets
Based on the latest financial reports, ABX Group Ltd (ABX) has net assets worth AU$10.09 Million AUD (≈ $7.14 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$18.71 Million ≈ $13.24 Million USD) and total liabilities (AU$8.62 Million ≈ $6.10 Million USD). 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. Also explore ABX Group Ltd balance sheet assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$10.09 Million |
| % of Total Assets | 53.95% |
| Annual Growth Rate | 8.02% |
| 5-Year Change | -24.88% |
| 10-Year Change | -33.83% |
| Growth Volatility | 73.01 |
ABX Group Ltd - Net Assets Trend (2009–2024)
This chart illustrates how ABX Group Ltd's net assets have evolved over time, based on quarterly financial data. Check tangible equity quality of ABX Group Ltd to evaluate the tangible quality of the company's equity base.
Annual Net Assets for ABX Group Ltd (2009–2024)
The table below shows the annual net assets of ABX Group Ltd from 2009 to 2024. For live valuation and market cap data, see ABX market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$11.22 Million ≈ $7.94 Million |
-11.81% |
| 2023-12-31 | AU$12.73 Million ≈ $9.01 Million |
-2.80% |
| 2022-12-31 | AU$13.10 Million ≈ $9.27 Million |
-21.85% |
| 2021-12-31 | AU$16.76 Million ≈ $11.86 Million |
+12.14% |
| 2020-12-31 | AU$14.94 Million ≈ $10.57 Million |
+0.86% |
| 2019-12-31 | AU$14.82 Million ≈ $10.48 Million |
-11.27% |
| 2018-12-31 | AU$16.70 Million ≈ $11.81 Million |
-3.57% |
| 2017-12-31 | AU$17.32 Million ≈ $12.25 Million |
+2.55% |
| 2016-12-31 | AU$16.88 Million ≈ $11.95 Million |
-0.48% |
| 2015-12-31 | AU$16.96 Million ≈ $12.00 Million |
-4.44% |
| 2014-12-31 | AU$17.75 Million ≈ $12.56 Million |
+14.46% |
| 2013-12-31 | AU$15.51 Million ≈ $10.97 Million |
+8.69% |
| 2012-12-31 | AU$14.27 Million ≈ $10.10 Million |
+9.87% |
| 2011-12-31 | AU$12.99 Million ≈ $9.19 Million |
-5.46% |
| 2010-12-31 | AU$13.74 Million ≈ $9.72 Million |
+289.29% |
| 2009-12-31 | AU$3.53 Million ≈ $2.50 Million |
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Equity Component Analysis
This analysis shows how different components contribute to ABX Group 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 2549536500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$34.58 Million | 305.93% |
| Other Comprehensive Income | AU$2.59 Million | 22.89% |
| Total Equity | AU$11.30 Million | 100.00% |
ABX Group Ltd Competitors by Market Cap
The table below lists competitors of ABX Group Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kwang Hee Self-Administered Real Estate
KO:140910
|
$9.07 Million |
|
Skyline Investments Inc
TA:SKLN
|
$9.07 Million |
|
Plasto-Cargal Group Ltd
TA:PLCR
|
$9.07 Million |
|
Castle Minerals Ltd
AU:CDT
|
$9.08 Million |
|
Zacatecas Silver Corp
V:ZAC
|
$9.06 Million |
|
Clean Air Metals Inc
V:AIR
|
$9.06 Million |
|
IQ Group Holdings Bhd
KLSE:5107
|
$9.06 Million |
|
Pacific Ridge Exploration Ltd
V:PEX
|
$9.06 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ABX Group Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,780,000 to 11,304,000, a change of -1,476,000 (-11.5%).
- Net loss of 2,002,000 reduced equity.
- Share repurchases of 94,000 reduced equity.
- New share issuances of 616,000 increased equity.
- Other comprehensive income decreased equity by 34,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-2.00 Million | -17.71% |
| Share Repurchases | AU$94.00K | -0.83% |
| Share Issuances | AU$616.00K | +5.45% |
| Other Comprehensive Income | AU$-34.00K | -0.3% |
| Other Changes | AU$38.00K | +0.34% |
| Total Change | AU$- | -11.55% |
Book Value vs Market Value Analysis
This analysis compares ABX Group 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: 0.95x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | AU$0.05 | AU$0.04 | x |
| 2010-12-31 | AU$0.16 | AU$0.04 | x |
| 2011-12-31 | AU$0.13 | AU$0.04 | x |
| 2012-12-31 | AU$0.13 | AU$0.04 | x |
| 2013-12-31 | AU$0.14 | AU$0.04 | x |
| 2014-12-31 | AU$0.14 | AU$0.04 | x |
| 2015-12-31 | AU$0.12 | AU$0.04 | x |
| 2016-12-31 | AU$0.12 | AU$0.04 | x |
| 2017-12-31 | AU$0.12 | AU$0.04 | x |
| 2018-12-31 | AU$0.11 | AU$0.04 | x |
| 2019-12-31 | AU$0.10 | AU$0.04 | x |
| 2020-12-31 | AU$0.10 | AU$0.04 | x |
| 2021-12-31 | AU$0.10 | AU$0.04 | x |
| 2022-12-31 | AU$0.06 | AU$0.04 | x |
| 2023-12-31 | AU$0.06 | AU$0.04 | x |
| 2024-12-31 | AU$0.05 | AU$0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ABX Group Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -17.71%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3451.72%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.73x
- Recent ROE (-17.71%) is below the historical average (-11.71%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | -10.50% | 0.00% | 0.00x | 1.69x | AU$-723.55K |
| 2010 | -6.08% | -10432887.50% | 0.00x | 1.01x | AU$-2.21 Million |
| 2011 | -6.24% | -10245.01% | 0.00x | 1.03x | AU$-2.11 Million |
| 2012 | -7.73% | -145.61% | 0.05x | 1.02x | AU$-2.53 Million |
| 2013 | -11.08% | -209.29% | 0.05x | 1.01x | AU$-3.27 Million |
| 2014 | -14.00% | -536.02% | 0.03x | 1.04x | AU$-4.26 Million |
| 2015 | -6.16% | -63.78% | 0.08x | 1.17x | AU$-2.74 Million |
| 2016 | -0.97% | -6.09% | 0.15x | 1.09x | AU$-1.85 Million |
| 2017 | 1.03% | 9.06% | 0.10x | 1.09x | AU$-1.55 Million |
| 2018 | -14.22% | -1341.24% | 0.01x | 1.12x | AU$-4.04 Million |
| 2019 | -16.73% | -117.90% | 0.12x | 1.16x | AU$-3.96 Million |
| 2020 | -3.68% | -24.28% | 0.13x | 1.13x | AU$-2.04 Million |
| 2021 | -33.76% | -13697.56% | 0.00x | 1.19x | AU$-7.28 Million |
| 2022 | -26.82% | -6217.86% | 0.00x | 1.25x | AU$-4.78 Million |
| 2023 | -12.79% | -736.49% | 0.01x | 1.69x | AU$-2.91 Million |
| 2024 | -17.71% | -3451.72% | 0.00x | 1.73x | AU$-3.13 Million |
Industry Comparison
This section compares ABX Group Ltd's net assets metrics with peer companies in the Aluminum industry.
Industry Context
- Industry: Aluminum
- Average net assets among peers: $196,547,111
- Average return on equity (ROE) among peers: -3.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ABX Group Ltd (ABX) | AU$10.09 Million | -10.50% | 0.85x | $9.07 Million |
| Alpha Hpa Ltd (A4N) | $247.17 Million | -10.11% | 0.08x | $503.38 Million |
| Capral Ltd (CAA) | $344.10 Million | -0.01% | 1.32x | $134.43 Million |
| VBX Ltd (VBX) | $-1.63 Million | 0.00% | 0.00x | $26.17 Million |
About ABX Group Ltd
ABx Group Limited engages in the exploration and development of bauxite resources in Australia. The company develops the Sunrise project located in Queensland; the DL130 bauxite project located in Tasmania; and Deep Leads rare earth project located in Tasmania. It is also involved in producing industrial chemicals from aluminium smelter waste. The company also involved in supplying rare earth ele… Read more