Astute Metals NL

AU:ASE Australia Other Industrial Metals & Mining
Market Cap
$10.47 Million
AU$16.91 Million AUD
Market Cap Rank
#32172 Global
#1047 in Australia
Share Price
AU$0.02
Change (1 day)
-11.11%
52-Week Range
AU$0.01 - AU$0.03
All Time High
AU$0.09
Categories
Companies in Australia Other Industrial Metals & Mining
About

Venari Minerals NL engages in the exploration and development of mineral resource properties in Australia and the United States. The company explores for critical and precious metals, silver, lithium, and gold deposits. Its flagship project is Red Mountain Lithium Project located in Nevada. Venari Minerals NL was formerly known as Astute Metals NL and changed its name to Venari Minerals NL in Sep… Read more

Astute Metals NL (ASE) - Net Assets

Latest net assets as of June 2024: AU$18.13 Million AUD

Based on the latest financial reports, Astute Metals NL (ASE) has net assets worth AU$18.13 Million AUD as of June 2024.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$18.85 Million) and total liabilities (AU$712.94K). 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$18.13 Million
% of Total Assets 96.22%
Annual Growth Rate 0.92%
5-Year Change 1686.49%
10-Year Change N/A
Growth Volatility 530.41

Astute Metals NL - Net Assets Trend (1989–2024)

This chart illustrates how Astute Metals NL's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Astute Metals NL (1989–2024)

The table below shows the annual net assets of Astute Metals NL from 1989 to 2024.

Year Net Assets Change
2024-06-30 AU$18.13 Million -5.08%
2023-06-30 AU$19.10 Million +71.21%
2022-06-30 AU$11.16 Million +30.03%
2021-06-30 AU$8.58 Million +745.46%
2020-06-30 AU$1.01 Million -40.91%
2019-06-30 AU$1.72 Million +10.34%
2018-06-30 AU$1.56 Million -37.97%
2017-06-30 AU$2.51 Million +1184.01%
2016-06-30 AU$195.46K +338.61%
2015-06-30 AU$-81.92K -102.93%
2014-06-30 AU$2.80 Million -28.66%
2013-06-30 AU$3.92 Million -17.02%
2012-06-30 AU$4.72 Million +35.13%
2011-06-30 AU$3.49 Million +3.87%
2010-06-30 AU$3.36 Million +1835.53%
2009-06-30 AU$-193.85K -136.43%
2008-06-30 AU$532.10K -59.54%
2007-06-30 AU$1.32 Million -20.95%
2006-06-30 AU$1.66 Million +24.54%
2005-06-30 AU$1.34 Million +278.29%
2004-06-30 AU$-749.34K +87.38%
2003-06-30 AU$-5.94 Million -32.15%
2002-06-30 AU$-4.49 Million -2142.24%
2001-06-30 AU$220.00K -91.11%
2000-06-30 AU$2.48 Million +394.41%
1999-06-30 AU$-841.00K -107.86%
1998-06-30 AU$10.70 Million +238.76%
1997-06-30 AU$3.16 Million +267.23%
1996-06-30 AU$860.20K +53.06%
1995-06-30 AU$562.00K +141.23%
1994-06-30 AU$-1.36 Million +98.27%
1993-06-30 AU$-78.84 Million -0.13%
1992-06-30 AU$-78.74 Million -20674.93%
1991-06-30 AU$-379.00K +40.87%
1990-06-30 AU$-641.00K -104.88%
1989-06-30 AU$13.14 Million --

Equity Component Analysis

This analysis shows how different components contribute to Astute Metals NL'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 2175536200.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (June 2024)

Component Amount Percentage
Other Components AU$41.90 Million 230.93%
Total Equity AU$18.14 Million 100.00%

Astute Metals NL Competitors by Market Cap

The table below lists competitors of Astute Metals NL ranked by their market capitalization.

Company Market Cap
SOUTH.SECS INTL SECS
F:TJV
 		$3.89 Million
Matador Technologies Inc.
V:MATA
 		$3.89 Million
URZ3 Energy Corp.
OTCQB:URZEF
 		$3.90 Million
Intelicare Holdings Ltd
AU:ICR
 		$3.90 Million
Redivium Ltd
AU:RIL
 		$3.89 Million
ARTS-WAY MFG CO.LTD
F:ID2
 		$3.89 Million
KAZERA GLOBALPLC LS 0001
F:W3L1
 		$3.89 Million
Volcon Inc
NASDAQ:VLCN
 		$3.89 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Astute Metals NL's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 18,168,347 to 18,142,393, a change of -25,954 (-0.1%).
  • Net loss of 4,015,795 reduced equity.
  • Share repurchases of 222,634 reduced equity.
  • New share issuances of 3,267,433 increased equity.
  • Other factors increased equity by 945,042.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income AU$-4.02 Million -22.13%
Share Repurchases AU$222.63K -1.23%
Share Issuances AU$3.27 Million +18.01%
Other Changes AU$945.04K +5.21%
Total Change AU$- -0.14%

Book Value vs Market Value Analysis

This analysis compares Astute Metals NL'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: 0.39x
  • 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.
  • The price-to-book ratio has decreased from 1.31x to 0.39x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1989-06-30 AU$0.01 AU$0.02 x
1990-06-30 AU$0.00 AU$0.02 x
1991-06-30 AU$0.00 AU$0.02 x
1992-06-30 AU$-190.42 AU$0.02 x
1993-06-30 AU$-190.66 AU$0.02 x
1994-06-30 AU$-3.30 AU$0.02 x
1995-06-30 AU$1.36 AU$0.02 x
1996-06-30 AU$2.04 AU$0.02 x
1997-06-30 AU$4.15 AU$0.02 x
1998-06-30 AU$6.66 AU$0.02 x
1999-06-30 AU$-1.04 AU$0.02 x
2000-06-30 AU$2.45 AU$0.02 x
2001-06-30 AU$0.17 AU$0.02 x
2002-06-30 AU$-3.31 AU$0.02 x
2003-06-30 AU$-2.80 AU$0.02 x
2004-06-30 AU$-0.25 AU$0.02 x
2005-06-30 AU$0.23 AU$0.02 x
2006-06-30 AU$0.17 AU$0.02 x
2007-06-30 AU$0.13 AU$0.02 x
2008-06-30 AU$0.05 AU$0.02 x
2009-06-30 AU$-0.02 AU$0.02 x
2010-06-30 AU$0.11 AU$0.02 x
2011-06-30 AU$0.06 AU$0.02 x
2012-06-30 AU$0.07 AU$0.02 x
2013-06-30 AU$0.03 AU$0.02 x
2014-06-30 AU$0.02 AU$0.02 x
2015-06-30 AU$0.00 AU$0.02 x
2016-06-30 AU$0.00 AU$0.02 x
2017-06-30 AU$0.00 AU$0.02 x
2018-06-30 AU$0.00 AU$0.02 x
2019-06-30 AU$0.04 AU$0.02 x
2020-06-30 AU$0.02 AU$0.02 x
2021-06-30 AU$0.08 AU$0.02 x
2022-06-30 AU$0.07 AU$0.02 x
2023-06-30 AU$0.05 AU$0.02 x
2024-06-30 AU$0.04 AU$0.02 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Astute Metals NL 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): -22.13%
  • 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: 1.04x
  • Recent ROE (-22.13%) is above the historical average (-119.29%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1992 0.00% -1416.87% 8.16x 0.00x AU$-70.68 Million
1994 0.00% 1142.39% 7.25x 0.00x AU$78.69 Million
1999 0.00% 0.00% 0.00x 0.00x AU$-11.46 Million
2000 -314.94% -23630.30% 0.00x 4.98x AU$-8.05 Million
2001 -1480.45% -5816.07% 0.00x 55.77x AU$-3.28 Million
2002 0.00% -55551.36% 0.01x 0.00x AU$-6.95 Million
2003 0.00% -970.08% 0.23x 0.00x AU$-1.83 Million
2004 0.00% -19843.67% 0.00x 0.00x AU$-542.20K
2005 -373.55% -9500.48% 0.02x 2.10x AU$-5.12 Million
2006 -124.97% 0.00% 0.00x 1.51x AU$-2.25 Million
2007 -32.67% -1987.50% 0.01x 1.31x AU$-561.14K
2008 -135.45% -8725.34% 0.01x 1.25x AU$-773.92K
2009 0.00% 0.00% 0.00x 0.00x AU$-688.77K
2010 -31.04% 0.00% 0.00x 1.18x AU$-1.38 Million
2011 -27.91% 0.00% 0.00x 1.15x AU$-1.32 Million
2012 -49.23% 0.00% 0.00x 1.21x AU$-2.75 Million
2013 -20.89% 0.00% 0.00x 1.06x AU$-1.19 Million
2014 -41.10% -4144.84% 0.01x 1.57x AU$-1.43 Million
2015 0.00% -66799.88% 0.00x 0.00x AU$-2.86 Million
2016 -406.32% 0.00% 0.00x 13.24x AU$-813.75K
2017 -23.92% 0.00% 0.00x 1.08x AU$-851.26K
2018 -61.90% 0.00% 0.00x 1.90x AU$-1.12 Million
2019 -50.80% -7833.73% 0.00x 2.07x AU$-1.04 Million
2020 -102.04% -369898.93% 0.00x 4.19x AU$-1.14 Million
2021 -13.53% -116101.10% 0.00x 1.03x AU$-2.02 Million
2022 -11.03% -198505.65% 0.00x 1.07x AU$-2.35 Million
2023 -16.28% 0.00% 0.00x 1.10x AU$-4.78 Million
2024 -22.13% 0.00% 0.00x 1.04x AU$-5.83 Million

Industry Comparison

This section compares Astute Metals NL'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: $2,995,611
  • Average return on equity (ROE) among peers: -21.65%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Astute Metals NL (ASE) AU$18.13 Million 0.00% 0.04x $3.89 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
African Gold Ltd (A1G) $6.42 Million -11.14% 0.01x $170.41 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