Copper Search Ltd
Altitude Minerals Ltd engages in the exploration of minerals exploration tenements located in South Australia. It explores for copper and gold deposits. The company holds interest in the Peake Project covering an area of 5,000 square kilometers located in the Gawler Craton, South Australia; 100% interest in the Theseus Project which covers a total of 944 square kilometres located in New South Wal… Read more
Copper Search Ltd (CUS) - Net Assets
Latest net assets as of December 2024: AU$2.22 Million AUD
Based on the latest financial reports, Copper Search Ltd (CUS) has net assets worth AU$2.22 Million AUD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$2.45 Million) and total liabilities (AU$232.67K). 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$2.22 Million |
| % of Total Assets | 90.51% |
| Annual Growth Rate | 41.31% |
| 5-Year Change | 855.12% |
| 10-Year Change | N/A |
| Growth Volatility | 329.85 |
Copper Search Ltd - Net Assets Trend (2019–2024)
This chart illustrates how Copper Search 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 Copper Search Ltd (2019–2024)
The table below shows the annual net assets of Copper Search Ltd from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | AU$4.14 Million | -30.62% |
| 2023-06-30 | AU$5.97 Million | -35.50% |
| 2022-06-30 | AU$9.25 Million | +814.74% |
| 2021-06-30 | AU$1.01 Million | +133.32% |
| 2020-06-30 | AU$433.46K | -40.97% |
| 2019-06-30 | AU$734.26K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Copper Search 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 1335584100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$17.62 Million | 425.53% |
| Other Comprehensive Income | AU$1.30 Million | 31.43% |
| Total Equity | AU$4.14 Million | 100.00% |
Copper Search Ltd Competitors by Market Cap
The table below lists competitors of Copper Search Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Oncternal Therapeutics Inc
NASDAQ:ONCT
|
$1.43 Million |
|
Prism Resources Inc.
V:PRS-H
|
$1.43 Million |
|
EzFill Holdings Inc
NASDAQ:EZFL
|
$1.43 Million |
|
SWISS RE N - Dusseldorf Stock Exchang
DU:SR9
|
$1.43 Million |
|
Farlim Group (Malaysia) Bhd
KLSE:6041
|
$1.42 Million |
|
Evergreen Lithium Ltd
AU:EG1
|
$1.42 Million |
|
Hod Assaf Industries Ltd
TA:HOD
|
$1.42 Million |
|
Green Minerals AS
OL:GEM
|
$1.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Copper Search Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,967,027 to 4,140,023, a change of -1,827,004 (-30.6%).
- Net loss of 5,063,000 reduced equity.
- Share repurchases of 280,161 reduced equity.
- New share issuances of 3,284,071 increased equity.
- Other comprehensive income increased equity by 573,799.
- Other factors decreased equity by 341,713.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-5.06 Million | -122.29% |
| Share Repurchases | AU$280.16K | -6.77% |
| Share Issuances | AU$3.28 Million | +79.32% |
| Other Comprehensive Income | AU$573.80K | +13.86% |
| Other Changes | AU$-341.71K | -8.25% |
| Total Change | AU$- | -30.62% |
Book Value vs Market Value Analysis
This analysis compares Copper Search 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: 0.87x
- 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 3.68x to 0.87x 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$0.03 | x |
| 2020-06-30 | AU$0.01 | AU$0.03 | x |
| 2021-06-30 | AU$0.01 | AU$0.03 | x |
| 2022-06-30 | AU$0.11 | AU$0.03 | x |
| 2023-06-30 | AU$0.07 | AU$0.03 | x |
| 2024-06-30 | AU$0.04 | AU$0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Copper Search Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -122.29%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3339.05%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.15x
- Recent ROE (-122.29%) is below the historical average (-92.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -96.15% | 0.00% | 0.00x | 1.06x | AU$-779.43K |
| 2020 | -155.45% | -97652.75% | 0.00x | 1.17x | AU$-717.15K |
| 2021 | -90.43% | -681.25% | 0.11x | 1.16x | AU$-1.02 Million |
| 2022 | -34.24% | -2705.84% | 0.01x | 1.04x | AU$-4.09 Million |
| 2023 | -59.28% | -592.13% | 0.09x | 1.12x | AU$-4.13 Million |
| 2024 | -122.29% | -3339.05% | 0.03x | 1.15x | AU$-5.48 Million |
Industry Comparison
This section compares Copper Search Ltd's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $47,466,195
- Average return on equity (ROE) among peers: -57.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Copper Search Ltd (CUS) | AU$2.22 Million | -96.15% | 0.10x | $1.42 Million |
| 29METALS Ltd (29M) | $446.06 Million | 5.42% | 1.34x | $176.50 Million |
| Aic Mines Ltd (A1M) | $1.94 Million | -110.15% | 1.02x | $147.29 Million |
| Australian Critical Minerals Ltd (ACM) | $-14.00K | 0.00% | 0.00x | $1.37 Million |
| Alvo Minerals Ltd (ALV) | $1.48 Million | -321.67% | 0.19x | $2.26 Million |
| Alicanto Minerals Ltd (AQI) | $4.56 Million | -20.66% | 0.09x | $47.49 Million |
| Askari Metals Ltd (AS2) | $9.13 Million | -56.77% | 0.24x | $2.21 Million |
| Altitude Minerals Ltd (ATT) | $1.01 Million | -90.43% | 0.16x | $2.75 Million |
| Avira Resources Ltd (AVW) | $-4.98 Million | 0.00% | 0.00x | $1.27 Million |
| Antipa Minerals Ltd (AZY) | $9.59 Million | -12.40% | 0.11x | $232.82 Million |
| Burgundy Diamond Mines Ltd (BDM) | $5.88 Million | 30.34% | 0.45x | $10.17 Million |