Black Cat Syndicate Ltd
Black Cat Syndicate Limited, together with its subsidiaries, engages in the exploration and evaluation of gold properties in Western Australia. It owns 100% interest in the Kal East Gold project covering approximately an area of 650 square kilometers located to the east of Kalgoorlie, Western Australia; the Coyote gold operation project located in the Western Tanami region; and the Paulsens Gold … Read more
Black Cat Syndicate Ltd (BC8) - Net Assets
Latest net assets as of June 2025: AU$269.03 Million AUD
Based on the latest financial reports, Black Cat Syndicate Ltd (BC8) has net assets worth AU$269.03 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$369.58 Million) and total liabilities (AU$100.55 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$269.03 Million |
| % of Total Assets | 72.79% |
| Annual Growth Rate | 165.56% |
| 5-Year Change | 482.85% |
| 10-Year Change | N/A |
| Growth Volatility | 1611.95 |
Black Cat Syndicate Ltd - Net Assets Trend (2017–2025)
This chart illustrates how Black Cat Syndicate 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 Black Cat Syndicate Ltd (2017–2025)
The table below shows the annual net assets of Black Cat Syndicate Ltd from 2017 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$269.03 Million | +129.95% |
| 2024-06-30 | AU$116.99 Million | +25.16% |
| 2023-06-30 | AU$93.47 Million | +18.31% |
| 2022-06-30 | AU$79.01 Million | +71.18% |
| 2021-06-30 | AU$46.16 Million | +283.81% |
| 2020-06-30 | AU$12.03 Million | +73.78% |
| 2019-06-30 | AU$6.92 Million | +25.79% |
| 2018-06-30 | AU$5.50 Million | +4957.55% |
| 2017-06-30 | AU$108.78K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Black Cat Syndicate 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 4202698000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$305.98 Million | 113.73% |
| Other Comprehensive Income | AU$5.18 Million | 1.93% |
| Total Equity | AU$269.03 Million | 100.00% |
Black Cat Syndicate Ltd Competitors by Market Cap
The table below lists competitors of Black Cat Syndicate Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Anhui Hwasu Co.Ltd.
SHG:600935
|
$410.70 Million |
|
Green Cross Holdings Preference Shares
KO:005257
|
$410.72 Million |
|
Shanghai Xinhua Media Co Ltd
SHG:600825
|
$410.87 Million |
|
COLUMBIA FINANCIA DL-01
F:64H
|
$410.97 Million |
|
First Business Financial Services
NASDAQ:FBIZ
|
$410.55 Million |
|
SANLORENZO IN SIGLA SL
F:6SZA
|
$410.54 Million |
|
Shandong Lipeng Co Ltd
SHE:002374
|
$410.53 Million |
|
Guaranty Bancshares, Inc.
NYSE:GNTY
|
$410.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Black Cat Syndicate Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 116,994,000 to 269,029,000, a change of 152,035,000 (130.0%).
- Net loss of 25,946,000 reduced equity.
- Share repurchases of 10,403,000 reduced equity.
- New share issuances of 164,636,000 increased equity.
- Other comprehensive income increased equity by 3,816,000.
- Other factors increased equity by 19,932,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-25.95 Million | -9.64% |
| Share Repurchases | AU$10.40 Million | -3.87% |
| Share Issuances | AU$164.64 Million | +61.2% |
| Other Comprehensive Income | AU$3.82 Million | +1.42% |
| Other Changes | AU$19.93 Million | +7.41% |
| Total Change | AU$- | 129.95% |
Book Value vs Market Value Analysis
This analysis compares Black Cat Syndicate 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: 2.46x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 621.08x to 2.46x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | AU$0.00 | AU$1.18 | x |
| 2018-06-30 | AU$0.15 | AU$1.18 | x |
| 2019-06-30 | AU$0.12 | AU$1.18 | x |
| 2020-06-30 | AU$0.15 | AU$1.18 | x |
| 2021-06-30 | AU$0.41 | AU$1.18 | x |
| 2022-06-30 | AU$0.53 | AU$1.18 | x |
| 2023-06-30 | AU$0.40 | AU$1.18 | x |
| 2024-06-30 | AU$0.39 | AU$1.18 | x |
| 2025-06-30 | AU$0.48 | AU$1.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Black Cat Syndicate Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -9.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -69.53%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 1.37x
- Recent ROE (-9.64%) is above the historical average (-17.91%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -91.94% | 0.00% | 0.00x | 1.69x | AU$-110.90K |
| 2018 | -13.63% | -3680.42% | 0.00x | 1.06x | AU$-1.30 Million |
| 2019 | -15.97% | -4299.78% | 0.00x | 1.07x | AU$-1.80 Million |
| 2020 | -11.62% | -4877.84% | 0.00x | 1.08x | AU$-2.60 Million |
| 2021 | -5.04% | -16133.20% | 0.00x | 1.05x | AU$-6.94 Million |
| 2022 | -4.94% | -2864.05% | 0.00x | 1.47x | AU$-11.80 Million |
| 2023 | -5.13% | -268.73% | 0.01x | 1.37x | AU$-14.15 Million |
| 2024 | -3.25% | -82.58% | 0.03x | 1.35x | AU$-15.51 Million |
| 2025 | -9.64% | -69.53% | 0.10x | 1.37x | AU$-52.85 Million |
Industry Comparison
This section compares Black Cat Syndicate Ltd's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $23,959,302
- Average return on equity (ROE) among peers: -1270.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Black Cat Syndicate Ltd (BC8) | AU$269.03 Million | -91.94% | 0.37x | $410.65 Million |
| Australasian Metals Ltd (A8G) | $5.85 Million | -16.53% | 0.05x | $1.25 Million |
| Ariana Resources Plc (AA2) | $21.37 Million | -1.02% | 0.03x | $43.13 Million |
| Aruma Resources Ltd (AAJ) | $1.10 Million | -25.68% | 0.39x | $2.13 Million |
| Astral Resources NL (AAR) | $4.81K | -12574.39% | 0.18x | $138.29 Million |
| Adelong Gold Ltd (ADG) | $911.18K | -70.31% | 0.11x | $6.07 Million |
| Ardiden Ltd (ADV) | $5.54 Million | -12.67% | 0.11x | $10.37 Million |
| Ark Mines Ltd (AHK) | $-7.71 Million | 0.00% | 0.00x | $8.35 Million |
| Aureka Ltd (AKA) | $28.36 Million | 9.46% | 0.19x | $6.23 Million |
| Alkane Resources Ltd (ALK) | $174.22 Million | -3.54% | 0.15x | $203.33 Million |
| Alchemy Resources Ltd (ALY) | $9.94 Million | -8.10% | 0.02x | $4.22 Million |