Bwe Drilling Ltd
BWE Drilling Ltd provides drilling and blasting services for mining and construction sectors in Western Australia. It is involved in mine production, construction, and vibration sensitive drill and blast services; and water well infrastructure services; and exploration services. The company was formerly known as Dynamic Group Holdings and changed its name to BWE Drilling Ltd in July 2025. The com… Read more
Bwe Drilling Ltd (BWE) - Net Assets
Latest net assets as of June 2024: AU$39.28 Million AUD
Based on the latest financial reports, Bwe Drilling Ltd (BWE) has net assets worth AU$39.28 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$79.54 Million) and total liabilities (AU$40.26 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$39.28 Million |
| % of Total Assets | 49.38% |
| Annual Growth Rate | 41.61% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 77.23 |
Bwe Drilling Ltd - Net Assets Trend (2021–2024)
This chart illustrates how Bwe Drilling 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 Bwe Drilling Ltd (2021–2024)
The table below shows the annual net assets of Bwe Drilling Ltd from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | AU$39.28 Million | -17.17% |
| 2023-06-30 | AU$47.42 Million | +29.45% |
| 2022-06-30 | AU$36.63 Million | +164.92% |
| 2021-06-30 | AU$13.83 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bwe Drilling 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 214.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | AU$41.70 Million | 106.17% |
| Total Equity | AU$39.28 Million | 100.00% |
Bwe Drilling Ltd Competitors by Market Cap
The table below lists competitors of Bwe Drilling Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dynamic Group Holdings Ltd
AU:DDB
|
$24.32 Million |
|
Tokens.com Corp.
OTCQB:XBOTF
|
$24.33 Million |
|
Media Prima Bhd
KLSE:4502
|
$24.34 Million |
|
Everfuel AS
OL:EFUEL
|
$24.34 Million |
|
IRM ENERGY LTD
NSE:IRMENERGY
|
$24.32 Million |
|
Indel B S.p.A
F:2I6
|
$24.31 Million |
|
Dusk Group Limited
F:6EA
|
$24.30 Million |
|
Daekyo
KO:019680
|
$24.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bwe Drilling Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 47,417,502 to 39,276,668, a change of -8,140,834 (-17.2%).
- Net loss of 8,576,889 reduced equity.
- Other factors increased equity by 436,055.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-8.58 Million | -21.84% |
| Other Changes | AU$436.06K | +1.11% |
| Total Change | AU$- | -17.17% |
Book Value vs Market Value Analysis
This analysis compares Bwe Drilling 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: 0.99x
- 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 1.40x to 0.99x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-06-30 | AU$0.20 | AU$0.28 | x |
| 2022-06-30 | AU$0.32 | AU$0.28 | x |
| 2023-06-30 | AU$0.35 | AU$0.28 | x |
| 2024-06-30 | AU$0.28 | AU$0.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bwe Drilling 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): -21.84%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11.27%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 2.03x
- Recent ROE (-21.84%) is below the historical average (-0.05%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 11.86% | 7.29% | 0.84x | 1.93x | AU$257.39K |
| 2022 | 5.59% | 2.80% | 0.91x | 2.19x | AU$-1.62 Million |
| 2023 | 4.19% | 1.93% | 0.97x | 2.23x | AU$-2.76 Million |
| 2024 | -21.84% | -11.27% | 0.96x | 2.03x | AU$-12.50 Million |
Industry Comparison
This section compares Bwe Drilling Ltd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $108,281,937
- Average return on equity (ROE) among peers: 10.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bwe Drilling Ltd (BWE) | AU$39.28 Million | 11.86% | 1.03x | $24.32 Million |
| Acrow Ltd (ACF) | $4.28 Million | -8.15% | 0.50x | $132.22 Million |
| BSA Ltd (BSA) | $-7.09 Million | 0.00% | 0.00x | $6.49 Million |
| Cardno Ltd (CDD) | $265.92 Million | 12.84% | 0.81x | $1.40 Million |
| Civmec Ltd (CVL) | $21.30 Million | 26.80% | 2.42x | $280.16 Million |
| Dynamic Group Holdings Ltd (DDB) | $47.42 Million | 4.19% | 1.23x | $24.32 Million |
| DRA Global Ltd (DRA) | $332.07 Million | 10.80% | 0.77x | $18.52 Million |
| Duratec Ltd (DUR) | $59.12 Million | 36.25% | 2.81x | $177.90 Million |
| EVZ Ltd (EVZ) | $37.11 Million | 13.49% | 0.71x | $13.18 Million |
| Fleetwood Ltd (FWD) | $214.41 Million | 0.04% | 0.50x | $86.73 Million |