Cullen Resources Ltd
Cullen Resources Limited, together with its subsidiaries, engages in the mineral exploration activities in Western Australia and Finland. It explores for gold, lithium, nickel, copper, iron ore, and platinum group elements, as well as base metals. The company was incorporated in 1982 and is based in South Perth, Australia.
Cullen Resources Ltd (CUL) - Net Assets
Latest net assets as of June 2025: AU$4.54 Million AUD
Based on the latest financial reports, Cullen Resources Ltd (CUL) has net assets worth AU$4.54 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$4.82 Million) and total liabilities (AU$285.38K). 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$4.54 Million |
| % of Total Assets | 94.08% |
| Annual Growth Rate | -0.87% |
| 5-Year Change | -25.08% |
| 10-Year Change | -26.1% |
| Growth Volatility | 175.79 |
Cullen Resources Ltd - Net Assets Trend (1989–2025)
This chart illustrates how Cullen 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 Cullen Resources Ltd (1989–2025)
The table below shows the annual net assets of Cullen Resources Ltd from 1989 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$4.54 Million | -3.47% |
| 2024-06-30 | AU$4.70 Million | -10.12% |
| 2023-06-30 | AU$5.23 Million | -0.14% |
| 2022-06-30 | AU$5.24 Million | -13.53% |
| 2021-06-30 | AU$6.06 Million | +23.14% |
| 2020-06-30 | AU$4.92 Million | -2.02% |
| 2019-06-30 | AU$5.02 Million | -1.52% |
| 2018-06-30 | AU$5.10 Million | -5.73% |
| 2017-06-30 | AU$5.41 Million | -11.93% |
| 2016-06-30 | AU$6.14 Million | +4.26% |
| 2015-06-30 | AU$5.89 Million | +9.22% |
| 2014-06-30 | AU$5.39 Million | -9.08% |
| 2013-06-30 | AU$5.93 Million | +9.56% |
| 2012-06-30 | AU$5.41 Million | -10.50% |
| 2011-06-30 | AU$6.05 Million | +41.60% |
| 2010-06-30 | AU$4.27 Million | -30.36% |
| 2009-06-30 | AU$6.13 Million | -50.31% |
| 2008-06-30 | AU$12.34 Million | +83.90% |
| 2007-06-30 | AU$6.71 Million | +18.97% |
| 2006-06-30 | AU$5.64 Million | -13.13% |
| 2005-06-30 | AU$6.50 Million | +16.78% |
| 2004-06-30 | AU$5.56 Million | +2.18% |
| 2003-06-30 | AU$5.44 Million | +3.56% |
| 2002-06-30 | AU$5.26 Million | +25.41% |
| 2001-06-30 | AU$4.19 Million | +19.33% |
| 2000-06-30 | AU$3.51 Million | -32.36% |
| 1999-06-30 | AU$5.19 Million | +1053.67% |
| 1998-06-30 | AU$450.10K | -68.28% |
| 1997-06-30 | AU$1.42 Million | -21.20% |
| 1996-06-30 | AU$1.80 Million | +0.65% |
| 1995-06-30 | AU$1.79 Million | -49.72% |
| 1994-06-30 | AU$3.56 Million | -7.82% |
| 1993-06-30 | AU$3.86 Million | -2.82% |
| 1992-06-30 | AU$3.97 Million | -49.89% |
| 1991-06-30 | AU$7.93 Million | +14.25% |
| 1990-06-30 | AU$6.94 Million | +11.56% |
| 1989-06-30 | AU$6.22 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cullen 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 decreased by 3640510200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$51.32 Million | 1130.79% |
| Other Comprehensive Income | AU$51.84K | 1.14% |
| Total Equity | AU$4.54 Million | 100.00% |
Cullen Resources Ltd Competitors by Market Cap
The table below lists competitors of Cullen Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
New England Power Company PFD 6%
PINK:NEWEN
|
$1.18 Million |
|
CYBHF
PINK:CYBHF
|
$1.18 Million |
|
HAWKINS
BE:HWK
|
$1.18 Million |
|
Downing Four AIM Shs
LSE:D4A
|
$1.18 Million |
|
D R HORTON (HO2.SG)
STU:HO2
|
$1.18 Million |
|
Solo Brands Inc
NYSE:DTC
|
$1.18 Million |
|
Modern Plant Based Foods Inc
PINK:MDRNF
|
$1.18 Million |
|
BlockchainK2 Corp
OTCQB:BIDCF
|
$1.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cullen Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,701,139 to 4,538,190, a change of -162,949 (-3.5%).
- Net loss of 902,321 reduced equity.
- Share repurchases of 739,370 reduced equity.
- Other factors increased equity by 1,478,742.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-902.32K | -19.88% |
| Share Repurchases | AU$739.37K | -16.29% |
| Other Changes | AU$1.48 Million | +32.58% |
| Total Change | AU$- | -3.47% |
Book Value vs Market Value Analysis
This analysis compares Cullen 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: 1.04x
- 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 0.00x to 1.04x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-06-30 | AU$15.14 | AU$0.01 | x |
| 1990-06-30 | AU$16.92 | AU$0.01 | x |
| 1991-06-30 | AU$19.65 | AU$0.01 | x |
| 1992-06-30 | AU$3.48 | AU$0.01 | x |
| 1993-06-30 | AU$3.35 | AU$0.01 | x |
| 1994-06-30 | AU$2.29 | AU$0.01 | x |
| 1995-06-30 | AU$1.06 | AU$0.01 | x |
| 1996-06-30 | AU$1.05 | AU$0.01 | x |
| 1997-06-30 | AU$0.81 | AU$0.01 | x |
| 1998-06-30 | AU$0.26 | AU$0.01 | x |
| 1999-06-30 | AU$1.36 | AU$0.01 | x |
| 2000-06-30 | AU$0.37 | AU$0.01 | x |
| 2001-06-30 | AU$0.39 | AU$0.01 | x |
| 2002-06-30 | AU$0.36 | AU$0.01 | x |
| 2003-06-30 | AU$0.34 | AU$0.01 | x |
| 2004-06-30 | AU$0.30 | AU$0.01 | x |
| 2005-06-30 | AU$0.32 | AU$0.01 | x |
| 2006-06-30 | AU$0.26 | AU$0.01 | x |
| 2007-06-30 | AU$0.26 | AU$0.01 | x |
| 2008-06-30 | AU$0.40 | AU$0.01 | x |
| 2009-06-30 | AU$0.18 | AU$0.01 | x |
| 2010-06-30 | AU$0.13 | AU$0.01 | x |
| 2011-06-30 | AU$0.17 | AU$0.01 | x |
| 2012-06-30 | AU$0.14 | AU$0.01 | x |
| 2013-06-30 | AU$0.14 | AU$0.01 | x |
| 2014-06-30 | AU$0.10 | AU$0.01 | x |
| 2015-06-30 | AU$0.09 | AU$0.01 | x |
| 2016-06-30 | AU$0.07 | AU$0.01 | x |
| 2017-06-30 | AU$0.05 | AU$0.01 | x |
| 2018-06-30 | AU$0.04 | AU$0.01 | x |
| 2019-06-30 | AU$0.03 | AU$0.01 | x |
| 2020-06-30 | AU$0.02 | AU$0.01 | x |
| 2021-06-30 | AU$0.02 | AU$0.01 | x |
| 2022-06-30 | AU$0.01 | AU$0.01 | x |
| 2023-06-30 | AU$0.01 | AU$0.01 | x |
| 2024-06-30 | AU$0.01 | AU$0.01 | x |
| 2025-06-30 | AU$0.01 | AU$0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cullen Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -19.88%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -571.96%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.06x
- Recent ROE (-19.88%) is above the historical average (-33.87%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | -15.57% | 0.00% | 0.00x | 1.75x | AU$-1.56 Million |
| 1990 | 10.52% | 0.00% | 0.00x | 1.87x | AU$35.50K |
| 1991 | 6.55% | 0.00% | 0.00x | 1.06x | AU$-273.60K |
| 1992 | -99.57% | 0.00% | 0.00x | 1.07x | AU$-4.35 Million |
| 1993 | -8.11% | 0.00% | 0.00x | 1.47x | AU$-699.00K |
| 1994 | -60.71% | 0.00% | 0.00x | 1.33x | AU$-2.52 Million |
| 1995 | -107.21% | 0.00% | 0.00x | 3.23x | AU$-2.10 Million |
| 1996 | 0.65% | 0.00% | 0.00x | 3.57x | AU$-168.38K |
| 1997 | -31.15% | 0.00% | 0.00x | 1.01x | AU$-583.89K |
| 1998 | -215.29% | 0.00% | 0.00x | 1.09x | AU$-1.01 Million |
| 1999 | -9.99% | 0.00% | 0.00x | 1.04x | AU$-1.04 Million |
| 2000 | -72.63% | 0.00% | 0.00x | 1.03x | AU$-2.90 Million |
| 2001 | -13.60% | -1500.00% | 0.01x | 1.03x | AU$-989.12K |
| 2002 | 2.70% | 363.94% | 0.01x | 1.02x | AU$-383.68K |
| 2003 | 3.44% | 18.12% | 0.19x | 1.01x | AU$-357.12K |
| 2004 | -26.03% | -1930.67% | 0.01x | 1.02x | AU$-2.00 Million |
| 2005 | -11.65% | -119.03% | 0.10x | 1.03x | AU$-1.41 Million |
| 2006 | -34.83% | -3169.35% | 0.01x | 1.04x | AU$-2.53 Million |
| 2007 | -25.55% | -3787.46% | 0.01x | 1.04x | AU$-2.39 Million |
| 2008 | -18.75% | -873.58% | 0.02x | 1.04x | AU$-3.55 Million |
| 2009 | -102.82% | -148855.32% | 0.00x | 1.11x | AU$-6.92 Million |
| 2010 | -50.59% | -1080.50% | 0.04x | 1.13x | AU$-2.59 Million |
| 2011 | -27.12% | -156.64% | 0.16x | 1.06x | AU$-2.24 Million |
| 2012 | -48.95% | -1568.05% | 0.03x | 1.18x | AU$-3.19 Million |
| 2013 | -35.05% | -1009.72% | 0.03x | 1.04x | AU$-2.67 Million |
| 2014 | -34.88% | -1618.61% | 0.02x | 1.05x | AU$-2.42 Million |
| 2015 | -24.03% | -1081.68% | 0.02x | 1.07x | AU$-2.00 Million |
| 2016 | -15.55% | -777.02% | 0.02x | 1.04x | AU$-1.57 Million |
| 2017 | -16.97% | -723.46% | 0.02x | 1.03x | AU$-1.46 Million |
| 2018 | -18.01% | -1085.05% | 0.02x | 1.02x | AU$-1.43 Million |
| 2019 | -21.57% | -24132.20% | 0.00x | 1.03x | AU$-1.58 Million |
| 2020 | -15.73% | -985.32% | 0.02x | 1.03x | AU$-1.27 Million |
| 2021 | -22.23% | -1937.52% | 0.01x | 1.03x | AU$-1.95 Million |
| 2022 | -26.33% | -2478.42% | 0.01x | 1.03x | AU$-1.90 Million |
| 2023 | -22.29% | -1378.37% | 0.02x | 1.03x | AU$-1.69 Million |
| 2024 | -24.27% | -951.82% | 0.02x | 1.03x | AU$-1.61 Million |
| 2025 | -19.88% | -571.96% | 0.03x | 1.06x | AU$-1.36 Million |
Industry Comparison
This section compares Cullen Resources 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 |
|---|---|---|---|---|
| Cullen Resources Ltd (CUL) | AU$4.54 Million | -15.57% | 0.06x | $1.18 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 |