Cobre Ltd (CBE) - Net Assets
Based on the latest financial reports, Cobre Ltd (CBE) has net assets worth AU$35.90 Million AUD (≈ $25.40 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$42.70 Million ≈ $30.21 Million USD) and total liabilities (AU$6.80 Million ≈ $4.81 Million USD). 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. Check CBE asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$35.90 Million |
| % of Total Assets | 84.08% |
| Annual Growth Rate | 90.48% |
| 5-Year Change | 110.49% |
| 10-Year Change | N/A |
| Growth Volatility | 402.58 |
Cobre Ltd - Net Assets Trend (2019–2025)
This chart illustrates how Cobre Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Cobre Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Cobre Ltd (2019–2025)
The table below shows the annual net assets of Cobre Ltd from 2019 to 2025. For live valuation and market cap data, see Cobre Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$35.90 Million ≈ $25.40 Million |
+17.40% |
| 2024-06-30 | AU$30.58 Million ≈ $21.64 Million |
-0.64% |
| 2023-06-30 | AU$30.77 Million ≈ $21.77 Million |
+87.72% |
| 2022-06-30 | AU$16.39 Million ≈ $11.60 Million |
-3.87% |
| 2021-06-30 | AU$17.05 Million ≈ $12.07 Million |
+87.26% |
| 2020-06-30 | AU$9.11 Million ≈ $6.44 Million |
+1113.03% |
| 2019-06-30 | AU$750.80K ≈ $531.24K |
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Equity Component Analysis
This analysis shows how different components contribute to Cobre 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 1635847600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$49.03 Million | 136.59% |
| Other Comprehensive Income | AU$3.38 Million | 9.40% |
| Total Equity | AU$35.90 Million | 100.00% |
Cobre Ltd Competitors by Market Cap
The table below lists competitors of Cobre Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CTCBIO Inc
KQ:060590
|
$62.46 Million |
|
Immutep Ltd
AU:IMM
|
$62.49 Million |
|
Garo AB
ST:GARO
|
$62.52 Million |
|
Manba Finance Ltd
NSE:MANBA
|
$62.53 Million |
|
PJ Metal Co. Ltd
KQ:128660
|
$62.45 Million |
|
THINKWARE Corporation
KQ:084730
|
$62.44 Million |
|
Dawson Geophysical Company
NASDAQ:DWSN
|
$62.41 Million |
|
Midsummer AB (publ)
ST:MIDS
|
$62.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cobre Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 30,577,352 to 35,898,145, a change of 5,320,793 (17.4%).
- Net loss of 2,123,532 reduced equity.
- Share repurchases of 537,419 reduced equity.
- New share issuances of 11,891,031 increased equity.
- Other comprehensive income increased equity by 1,452,093.
- Other factors decreased equity by 5,361,380.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-2.12 Million | -5.92% |
| Share Repurchases | AU$537.42K | -1.5% |
| Share Issuances | AU$11.89 Million | +33.12% |
| Other Comprehensive Income | AU$1.45 Million | +4.05% |
| Other Changes | AU$-5.36 Million | -14.93% |
| Total Change | AU$- | 17.40% |
Book Value vs Market Value Analysis
This analysis compares Cobre 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: 2.24x
- 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 29.10x to 2.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-06-30 | AU$0.01 | AU$0.20 | x |
| 2020-06-30 | AU$0.09 | AU$0.20 | x |
| 2021-06-30 | AU$0.15 | AU$0.20 | x |
| 2022-06-30 | AU$0.08 | AU$0.20 | x |
| 2023-06-30 | AU$0.13 | AU$0.20 | x |
| 2024-06-30 | AU$0.10 | AU$0.20 | x |
| 2025-06-30 | AU$0.09 | AU$0.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cobre Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -5.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -601.74%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.19x
- Recent ROE (-5.92%) is above the historical average (-17.36%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -22.57% | 0.00% | 0.00x | 1.43x | AU$-216.75K |
| 2020 | -21.66% | -4591.96% | 0.00x | 1.09x | AU$-2.88 Million |
| 2021 | -16.11% | -10690.21% | 0.00x | 1.07x | AU$-4.45 Million |
| 2022 | -41.80% | -8667212.75% | 0.00x | 1.45x | AU$-6.67 Million |
| 2023 | -5.65% | -299.22% | 0.02x | 1.02x | AU$-4.82 Million |
| 2024 | -7.81% | -314.93% | 0.02x | 1.03x | AU$-5.45 Million |
| 2025 | -5.92% | -601.74% | 0.01x | 1.19x | AU$-5.71 Million |
Industry Comparison
This section compares Cobre 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: $5,711,623
- Average return on equity (ROE) among peers: -27.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cobre Ltd (CBE) | AU$35.90 Million | -22.57% | 0.19x | $62.45 Million |
| Morella Corporation Ltd (1MC) | $16.53 Million | -35.29% | 0.29x | $8.08 Million |
| Amaero Ltd (3DA) | $29.43 Million | -63.84% | 0.70x | $252.75 Million |
| 6K Additive Inc (6KA) | $-42.72 Million | 0.00% | 0.00x | $160.74 Million |
| Atlantic Lithium Ltd (A11) | $789.39K | -143.95% | 0.47x | $151.02 Million |
| African Gold Ltd (A1G) | $11.13 Million | -22.75% | 0.07x | $419.02 Million |
| Albright Metals Ltd (ABR) | $10.99 Million | -9.29% | 0.07x | $3.68 Million |
| Audalia Resources Ltd (ACP) | $4.75 Million | -16.80% | 1.00x | $14.72 Million |
| Accent Resources NL (ACS) | $4.38 Million | -14.12% | 0.03x | $16.28 Million |
| Acdc Metals Ltd (ADC) | $10.58 Million | -4.74% | 0.03x | $3.13 Million |
| Andromeda Metals Ltd (ADN) | $11.27 Million | 35.85% | 0.04x | $26.17 Million |
About Cobre Ltd
Cobre Limited engages in the exploration and evaluation of mineral properties in Australia and Botswana. It explores for copper, gold, silver, and zinc deposits. The company's flagship project is the 100% owned Ngami Copper Project covering an area of 727 square kilometers located in Botswana. Cobre Limited was incorporated in 2018 and is based in Sydney, Australia.