Coda Minerals Ltd (COD) - Net Assets
Based on the latest financial reports, Coda Minerals Ltd (COD) has net assets worth AU$22.12 Million AUD (≈ $15.65 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$22.93 Million ≈ $16.23 Million USD) and total liabilities (AU$815.41K ≈ $576.96K 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. Read COD total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$22.12 Million |
| % of Total Assets | 96.44% |
| Annual Growth Rate | 57.32% |
| 5-Year Change | -3.76% |
| 10-Year Change | N/A |
| Growth Volatility | 352.67 |
Coda Minerals Ltd - Net Assets Trend (2018–2024)
This chart illustrates how Coda Minerals Ltd's net assets have evolved over time, based on quarterly financial data. Also explore COD current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Coda Minerals Ltd (2018–2024)
The table below shows the annual net assets of Coda Minerals Ltd from 2018 to 2024. For live valuation and market cap data, see Coda Minerals Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$22.12 Million ≈ $15.65 Million |
+2.42% |
| 2023-12-31 | AU$21.60 Million ≈ $15.28 Million |
-4.84% |
| 2022-12-31 | AU$22.70 Million ≈ $16.06 Million |
-12.29% |
| 2021-12-31 | AU$25.88 Million ≈ $18.31 Million |
+12.59% |
| 2020-12-31 | AU$22.98 Million ≈ $16.26 Million |
+49.50% |
| 2019-12-31 | AU$15.37 Million ≈ $10.88 Million |
+954.31% |
| 2018-12-31 | AU$1.46 Million ≈ $1.03 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Coda Minerals 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 4076561200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$51.48 Million | 232.73% |
| Other Comprehensive Income | AU$13.74 Million | 62.12% |
| Total Equity | AU$22.12 Million | 100.00% |
Coda Minerals Ltd Competitors by Market Cap
The table below lists competitors of Coda Minerals Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
RIT Capital Partners
LSE:RCP
|
$36.85 Million |
|
Intercure
TA:INCR
|
$36.85 Million |
|
Xilio Development Inc
NASDAQ:XLO
|
$36.86 Million |
|
360 Capital Mortgage REIT
AU:TCF
|
$36.87 Million |
|
Ekadharma International Tbk
JK:EKAD
|
$36.85 Million |
|
Gamehaus Holdings Inc. Class A Ordinary Shares
NASDAQ:GMHS
|
$36.83 Million |
|
Comscore Inc
NASDAQ:SCOR
|
$36.81 Million |
|
Viscount Mining Corp.
V:VML
|
$36.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Coda Minerals Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 21,596,929 to 22,118,773, a change of 521,844 (2.4%).
- Net loss of 4,286,895 reduced equity.
- Share repurchases of 5,091,350 reduced equity.
- Other comprehensive income increased equity by 189,942.
- Other factors increased equity by 9,710,147.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-4.29 Million | -19.38% |
| Share Repurchases | AU$5.09 Million | -23.02% |
| Other Comprehensive Income | AU$189.94K | +0.86% |
| Other Changes | AU$9.71 Million | +43.9% |
| Total Change | AU$- | 2.42% |
Book Value vs Market Value Analysis
This analysis compares Coda Minerals 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: 1.53x
- 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 3.21x to 1.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | AU$0.04 | AU$0.14 | x |
| 2019-12-31 | AU$0.46 | AU$0.14 | x |
| 2020-12-31 | AU$0.31 | AU$0.14 | x |
| 2021-12-31 | AU$0.25 | AU$0.14 | x |
| 2022-12-31 | AU$0.17 | AU$0.14 | x |
| 2023-12-31 | AU$0.14 | AU$0.14 | x |
| 2024-12-31 | AU$0.09 | AU$0.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Coda Minerals Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -19.38%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.04x
- Recent ROE (-19.38%) is above the historical average (-49.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -159.93% | 0.00% | 0.00x | 1.11x | AU$-2.48 Million |
| 2019 | -25.61% | 0.00% | 0.00x | 1.03x | AU$-5.48 Million |
| 2020 | -28.38% | 0.00% | 0.00x | 1.05x | AU$-8.82 Million |
| 2021 | -54.92% | 0.00% | 0.00x | 1.07x | AU$-16.80 Million |
| 2022 | -34.20% | 0.00% | 0.00x | 1.04x | AU$-10.03 Million |
| 2023 | -21.14% | 0.00% | 0.00x | 1.03x | AU$-6.73 Million |
| 2024 | -19.38% | 0.00% | 0.00x | 1.04x | AU$-6.50 Million |
Industry Comparison
This section compares Coda Minerals 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 |
|---|---|---|---|---|
| Coda Minerals Ltd (COD) | AU$22.12 Million | -159.93% | 0.04x | $36.85 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 Coda Minerals Ltd
Coda Minerals Limited, an exploration company, focuses on the exploration, discovery, and development of minerals in the base metals, precious metals, and battery minerals sector in Australia. The company explores for copper, cobalt, silver, gold, and uranium. It's flagship project owned 100% interests in the Elizabeth Creek Copper-Cobalt project that covers an area of 701 square kilometers locat… Read more