Bulletin Resources Ltd

AU:BNR Australia Gold
Market Cap
$9.27 Million
AU$14.97 Million AUD
Market Cap Rank
#30886 Global
#917 in Australia
Share Price
AU$0.05
Change (1 day)
+2.00%
52-Week Range
AU$0.04 - AU$0.09
All Time High
AU$0.31
Categories
Companies in Australia Gold
About

Bulletin Resources Limited, together with its subsidiaries, operates as a mineral exploration company in Australia. It explores for gold, lithium, and nickel deposits. The company was formerly known as Bulletin Resources Pty Ltd and changed its name to Bulletin Resources Limited in December 2010. Bulletin Resources Limited was incorporated in 2010 and is headquartered in Perth, Australia.

Bulletin Resources Ltd (BNR) - Net Assets

Latest net assets as of June 2025: AU$13.89 Million AUD

Based on the latest financial reports, Bulletin Resources Ltd (BNR) has net assets worth AU$13.89 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$15.12 Million) and total liabilities (AU$1.23 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$13.89 Million
% of Total Assets 91.89%
Annual Growth Rate N/A
5-Year Change 171.79%
10-Year Change 824.23%
Growth Volatility 90.81

Bulletin Resources Ltd - Net Assets Trend (2010–2025)

This chart illustrates how Bulletin Resources 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 Bulletin Resources Ltd (2010–2025)

The table below shows the annual net assets of Bulletin Resources Ltd from 2010 to 2025.

Year Net Assets Change
2025-06-30 AU$13.89 Million +16.15%
2024-06-30 AU$11.96 Million +0.51%
2023-06-30 AU$11.90 Million +14.27%
2022-06-30 AU$10.41 Million +103.74%
2021-06-30 AU$5.11 Million +228.45%
2020-06-30 AU$1.56 Million -27.25%
2019-06-30 AU$2.14 Million -42.54%
2018-06-30 AU$3.72 Million -12.66%
2017-06-30 AU$4.26 Million +183.58%
2016-06-30 AU$1.50 Million -29.43%
2015-06-30 AU$2.13 Million -13.10%
2014-06-30 AU$2.45 Million +139.70%
2013-06-30 AU$1.02 Million -60.35%
2012-06-30 AU$2.58 Million -68.92%
2011-06-30 AU$8.30 Million +118610.99%
2010-06-30 AU$-7.00K --

Equity Component Analysis

This analysis shows how different components contribute to Bulletin Resources 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 grown by 827995700.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (June 2025)

Component Amount Percentage
Retained Earnings AU$5.31 Million 38.25%
Common Stock AU$6.04 Million 43.49%
Other Comprehensive Income AU$2.54 Million 18.26%
Total Equity AU$13.89 Million 100.00%

Bulletin Resources Ltd Competitors by Market Cap

The table below lists competitors of Bulletin Resources Ltd ranked by their market capitalization.

Company Market Cap
Tan Dai Hung Plastic JSC
VN:TPC
 		$5.57 Million
Vislink Technologies Inc
NASDAQ:VISL
 		$5.57 Million
NTPM Holdings Bhd
KLSE:5066
 		$5.57 Million
Fitzroy River Corporation Ltd
AU:FZR
 		$5.57 Million
Breakthrough Minerals Ltd
AU:BTM
 		$5.57 Million
Carbochim SA
RO:CBC
 		$5.56 Million
LODFF
OTCQB:LODFF
 		$5.56 Million
Bharat Road Network Limited
NSE:BRNL
 		$5.56 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Bulletin Resources Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 11,959,129 to 13,890,223, a change of 1,931,094 (16.1%).
  • Net income of 1,747,500 contributed positively to equity growth.
  • Other comprehensive income increased equity by 183,594.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income AU$1.75 Million +12.58%
Other Comprehensive Income AU$183.59K +1.32%
Total Change AU$- 16.15%

Book Value vs Market Value Analysis

This analysis compares Bulletin Resources 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: 1.08x
  • 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 0.26x to 1.08x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2011-06-30 AU$0.20 AU$0.05 x
2012-06-30 AU$0.03 AU$0.05 x
2013-06-30 AU$0.01 AU$0.05 x
2014-06-30 AU$0.02 AU$0.05 x
2015-06-30 AU$0.01 AU$0.05 x
2016-06-30 AU$0.01 AU$0.05 x
2017-06-30 AU$0.02 AU$0.05 x
2018-06-30 AU$0.02 AU$0.05 x
2019-06-30 AU$0.01 AU$0.05 x
2020-06-30 AU$0.01 AU$0.05 x
2021-06-30 AU$0.02 AU$0.05 x
2022-06-30 AU$0.04 AU$0.05 x
2023-06-30 AU$0.04 AU$0.05 x
2024-06-30 AU$0.04 AU$0.05 x
2025-06-30 AU$0.05 AU$0.05 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Bulletin Resources 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): 12.58%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 0.00%
  • • Asset Turnover: 0.00x
  • • Equity Multiplier: 1.09x
  • Recent ROE (12.58%) is above the historical average (-27.72%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2011 -35.67% -1118.15% 0.03x 1.10x AU$-3.79 Million
2012 -229.47% -1981.59% 0.09x 1.23x AU$-6.17 Million
2013 -374.78% -1595.90% 0.16x 1.47x AU$-3.93 Million
2014 37.82% 36.94% 0.97x 1.05x AU$681.72K
2015 -29.87% -1353631.91% 0.00x 2.63x AU$-849.17K
2016 -69.36% -8878.52% 0.00x 4.20x AU$-1.19 Million
2017 377.39% 1733.07% 0.16x 1.38x AU$15.66 Million
2018 -15.77% -793.29% 0.02x 1.04x AU$-959.11K
2019 -113.98% -8526.51% 0.01x 1.10x AU$-2.65 Million
2020 -47.99% -206.67% 0.17x 1.33x AU$-902.27K
2021 69.55% 191.91% 0.28x 1.28x AU$3.04 Million
2022 4.44% 129.30% 0.03x 1.03x AU$-578.58K
2023 4.74% 18.12% 0.24x 1.07x AU$-626.31K
2024 -5.41% -306.30% 0.02x 1.04x AU$-1.84 Million
2025 12.58% 0.00% 0.00x 1.09x AU$358.48K

Industry Comparison

This section compares Bulletin Resources 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
Bulletin Resources Ltd (BNR) AU$13.89 Million -35.67% 0.09x $5.57 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