C29 Metals Ltd
C29 Metals Limited engages in the exploration of mineral properties in Australia. It explores for copper, and gold deposits. C29 Metals Limited was incorporated in 2020 and is based in West Perth, Australia.
C29 Metals Ltd (C29) - Net Assets
Latest net assets as of June 2025: AU$3.27 Million AUD
Based on the latest financial reports, C29 Metals Ltd (C29) has net assets worth AU$3.27 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$3.39 Million) and total liabilities (AU$115.74K). 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$3.27 Million |
| % of Total Assets | 96.58% |
| Annual Growth Rate | 71.71% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 576.59 |
C29 Metals Ltd - Net Assets Trend (2020–2024)
This chart illustrates how C29 Metals 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 C29 Metals Ltd (2020–2024)
The table below shows the annual net assets of C29 Metals Ltd from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$3.27 Million | -56.03% |
| 2023-12-31 | AU$7.44 Million | +66.62% |
| 2022-12-31 | AU$4.46 Million | -16.77% |
| 2021-12-31 | AU$5.36 Million | +1325.59% |
| 2020-12-31 | AU$376.29K | -- |
Equity Component Analysis
This analysis shows how different components contribute to C29 Metals 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 1382099900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$15.76 Million | 481.77% |
| Other Comprehensive Income | AU$1.39 Million | 42.56% |
| Other Components | AU$1.00 | 0.00% |
| Total Equity | AU$3.27 Million | 100.00% |
C29 Metals Ltd Competitors by Market Cap
The table below lists competitors of C29 Metals Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guided Therapeutics Inc
OTCQB:GTHP
|
$2.17 Million |
|
Sin-Kung Logistics Berhad
KLSE:0305
|
$2.17 Million |
|
Ambertech Ltd
AU:AMO
|
$2.18 Million |
|
LCC Infotech Limited
NSE:LCCINFOTEC
|
$2.18 Million |
|
Nova Organic PCL
BK:NV
|
$2.17 Million |
|
ROYAL GOLD (RG3.SG)
STU:RG3
|
$2.17 Million |
|
CannBioRx Life Sciences Corp
NASDAQ:ATNFW
|
$2.17 Million |
|
DSV AS
BE:DS81
|
$2.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in C29 Metals Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,439,100 to 3,270,961, a change of -4,168,139 (-56.0%).
- Net loss of 6,755,326 reduced equity.
- Share repurchases of 2,450,000 reduced equity.
- Other comprehensive income increased equity by 365,210.
- Other factors increased equity by 4,671,977.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-6.76 Million | -206.52% |
| Share Repurchases | AU$2.45 Million | -74.9% |
| Other Comprehensive Income | AU$365.21K | +11.17% |
| Other Changes | AU$4.67 Million | +142.83% |
| Total Change | AU$- | -56.03% |
Book Value vs Market Value Analysis
This analysis compares C29 Metals 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: 0.01x
- 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 3.13x to 0.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | AU$0.01 | AU$0.03 | x |
| 2021-12-31 | AU$0.14 | AU$0.03 | x |
| 2022-12-31 | AU$0.10 | AU$0.03 | x |
| 2023-12-31 | AU$0.08 | AU$0.03 | x |
| 2024-12-31 | AU$2.01 | AU$0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently C29 Metals Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -206.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -15442.86%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.04x
- Recent ROE (-206.52%) is below the historical average (-69.20%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -15.63% | 0.00% | 0.00x | 1.09x | AU$-96.44K |
| 2021 | -18.68% | -1949.73% | 0.01x | 1.02x | AU$-1.54 Million |
| 2022 | -59.18% | -13163.44% | 0.00x | 1.09x | AU$-3.09 Million |
| 2023 | -45.99% | 0.00% | 0.00x | 1.03x | AU$-4.17 Million |
| 2024 | -206.52% | -15442.86% | 0.01x | 1.04x | AU$-7.08 Million |
Industry Comparison
This section compares C29 Metals Ltd'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 |
|---|---|---|---|---|
| C29 Metals Ltd (C29) | AU$3.27 Million | -15.63% | 0.04x | $2.17 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 |