DRA Global Ltd
DRA Global Limited operates as a multi-disciplinary engineering, project delivery, and operations management company focused on the mining, mineral, and metal sectors worldwide. It offers project development services, including concept development, preliminary economic assessments, study development, feasibility studies, economic and project evaluation, estimating and planning, project risk asses… Read more
DRA Global Ltd (DRA) - Net Assets
Latest net assets as of June 2024: AU$267.17 Million AUD
Based on the latest financial reports, DRA Global Ltd (DRA) has net assets worth AU$267.17 Million AUD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$555.43 Million) and total liabilities (AU$288.26 Million). 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$267.17 Million |
| % of Total Assets | 48.1% |
| Annual Growth Rate | 0.99% |
| 5-Year Change | -19.84% |
| 10-Year Change | N/A |
| Growth Volatility | 35.07 |
DRA Global Ltd - Net Assets Trend (2017–2023)
This chart illustrates how DRA Global 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 DRA Global Ltd (2017–2023)
The table below shows the annual net assets of DRA Global Ltd from 2017 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | AU$266.20 Million | +5.07% |
| 2022-12-31 | AU$253.37 Million | -4.78% |
| 2021-12-31 | AU$266.08 Million | +56.44% |
| 2020-12-31 | AU$170.08 Million | -48.78% |
| 2019-12-31 | AU$332.07 Million | +44.92% |
| 2018-12-31 | AU$229.14 Million | -8.67% |
| 2017-12-31 | AU$250.88 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to DRA Global 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 grown by 93.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$184.47 Million | 71.58% |
| Common Stock | AU$169.38 Million | 65.73% |
| Other Comprehensive Income | AU$-96.15 Million | -37.31% |
| Total Equity | AU$257.69 Million | 100.00% |
DRA Global Ltd Competitors by Market Cap
The table below lists competitors of DRA Global Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bossa Ticaret ve Sanayi Isletmeleri TAS
IS:BOSSA
|
$18.55 Million |
|
Bitcoin Depot Inc.
NASDAQ:BTM
|
$18.55 Million |
|
Bannix Acquisition Corp
NASDAQ:BNIX
|
$18.55 Million |
|
Microtek International Inc
TW:2305
|
$18.55 Million |
|
Bitcoin Well Inc.
OTCQB:BCNWF
|
$18.52 Million |
|
Visang Educati
KO:100220
|
$18.51 Million |
|
M83
KQ:476080
|
$18.51 Million |
|
Hung Chou Fiber Ind Co Ltd
TW:1413
|
$18.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in DRA Global Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 244,419,000 to 257,695,000, a change of 13,276,000 (5.4%).
- Net income of 19,695,000 contributed positively to equity growth.
- Dividend payments of 2,578,000 reduced retained earnings.
- Other comprehensive income decreased equity by 9,876,000.
- Other factors increased equity by 6,035,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$19.70 Million | +7.64% |
| Dividends Paid | AU$2.58 Million | -1.0% |
| Other Comprehensive Income | AU$-9.88 Million | -3.83% |
| Other Changes | AU$6.04 Million | +2.34% |
| Total Change | AU$- | 5.43% |
Book Value vs Market Value Analysis
This analysis compares DRA Global 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: 0.41x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | AU$3.73 | AU$1.82 | x |
| 2018-12-31 | AU$4.05 | AU$1.82 | x |
| 2019-12-31 | AU$5.89 | AU$1.82 | x |
| 2020-12-31 | AU$2.94 | AU$1.82 | x |
| 2021-12-31 | AU$4.09 | AU$1.82 | x |
| 2022-12-31 | AU$4.91 | AU$1.82 | x |
| 2023-12-31 | AU$4.39 | AU$1.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently DRA Global Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.64%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.22%
- • Asset Turnover: 1.64x
- • Equity Multiplier: 2.10x
- Recent ROE (7.64%) is above the historical average (4.94%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 9.78% | 3.83% | 1.53x | 1.67x | AU$-560.78K |
| 2018 | -18.39% | -4.39% | 1.78x | 2.36x | AU$-64.20 Million |
| 2019 | 10.90% | 3.48% | 1.76x | 1.78x | AU$2.96 Million |
| 2020 | 14.12% | 2.47% | 1.59x | 3.59x | AU$6.75 Million |
| 2021 | 19.46% | 4.21% | 1.85x | 2.49x | AU$24.31 Million |
| 2022 | -8.95% | -2.44% | 1.65x | 2.22x | AU$-46.31 Million |
| 2023 | 7.64% | 2.22% | 1.64x | 2.10x | AU$-6.07 Million |
Industry Comparison
This section compares DRA Global Ltd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $84,532,750
- Average return on equity (ROE) among peers: -10.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| DRA Global Ltd (DRA) | AU$267.17 Million | 9.78% | 1.08x | $18.52 Million |
| Acrow Ltd (ACF) | $118.59 Million | -12.70% | 0.71x | $131.47 Million |
| BSA Ltd (BSA) | $23.06 Million | 0.16% | 1.12x | $6.98 Million |
| Bwe Drilling Ltd (BWE) | $47.42 Million | 4.19% | 1.23x | $24.32 Million |
| Cardno Ltd (CDD) | $4.30 Million | 0.00% | 2.62x | $1.40 Million |
| Civmec Ltd (CVL) | $488.22 Million | 13.18% | 0.86x | $287.26 Million |
| Dynamic Group Holdings Ltd (DDB) | $36.63 Million | 5.59% | 1.19x | $24.32 Million |
| Duratec Ltd (DUR) | $30.96 Million | 25.07% | 3.45x | $179.46 Million |
| EVZ Ltd (EVZ) | $8.26 Million | -126.18% | 3.86x | $13.41 Million |
| Fleetwood Ltd (FWD) | $3.36 Million | 0.00% | 3.66x | $85.72 Million |