Enova Mining Ltd
Enova Mining Limited engages in the exploration for rare earth elements in Australia and Brazil. It primarily focuses Coda North, Central, East, XS, XN, and South projects; Poços, Lithium Valley, and Juquiá project; and Charley Creek project. Enova Mining Limited was incorporated in 1999 and is based in Moorabbin, Australia.
Enova Mining Ltd (ENV) - Net Assets
Latest net assets as of June 2025: AU$10.24 Million AUD
Based on the latest financial reports, Enova Mining Ltd (ENV) has net assets worth AU$10.24 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$10.31 Million) and total liabilities (AU$74.00K). 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$10.24 Million |
| % of Total Assets | 99.28% |
| Annual Growth Rate | 6.69% |
| 5-Year Change | 119.98% |
| 10-Year Change | 181.96% |
| Growth Volatility | 74.95 |
Enova Mining Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Enova Mining 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 Enova Mining Ltd (2006–2024)
The table below shows the annual net assets of Enova Mining Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$9.50 Million | +59.92% |
| 2023-12-31 | AU$5.94 Million | +23.02% |
| 2022-12-31 | AU$4.83 Million | +16.43% |
| 2021-12-31 | AU$4.15 Million | -3.96% |
| 2020-12-31 | AU$4.32 Million | +252.45% |
| 2019-12-31 | AU$1.23 Million | -55.62% |
| 2018-12-31 | AU$2.76 Million | -12.33% |
| 2017-12-31 | AU$3.15 Million | +0.63% |
| 2016-12-31 | AU$3.13 Million | -7.13% |
| 2015-12-31 | AU$3.37 Million | -33.73% |
| 2014-12-31 | AU$5.08 Million | -14.65% |
| 2013-12-31 | AU$5.96 Million | -6.80% |
| 2012-12-31 | AU$6.39 Million | -8.65% |
| 2011-12-31 | AU$7.00 Million | +20.57% |
| 2010-12-31 | AU$5.80 Million | -10.60% |
| 2009-12-31 | AU$6.49 Million | -12.70% |
| 2008-12-31 | AU$7.44 Million | -12.87% |
| 2007-12-31 | AU$8.54 Million | +188.33% |
| 2006-12-31 | AU$2.96 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Enova Mining 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 2676272600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$32.59 Million | 343.05% |
| Other Comprehensive Income | AU$6.43 Million | 67.68% |
| Total Equity | AU$9.50 Million | 100.00% |
Enova Mining Ltd Competitors by Market Cap
The table below lists competitors of Enova Mining Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Asuransi Dayin Mitra Tbk
JK:ASDM
|
$3.05 Million |
|
Freehill Mining Ltd
AU:FHS
|
$3.05 Million |
|
Arbor Metals Corp
PINK:ABRMF
|
$3.05 Million |
|
Mesiniaga Bhd
KLSE:5011
|
$3.05 Million |
|
Tevogen Bio Holdings Inc
NASDAQ:TVGN
|
$3.05 Million |
|
Zonte Metals Inc
PINK:EREPF
|
$3.05 Million |
|
Royal Prima PT
JK:PRIM
|
$3.05 Million |
|
Woodbois Limited
PINK:WODBF
|
$3.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Enova Mining Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,940,694 to 9,500,176, a change of 3,559,482 (59.9%).
- Net loss of 6,771,349 reduced equity.
- Share repurchases of 4,354,000 reduced equity.
- New share issuances of 4,353,999 increased equity.
- Other comprehensive income increased equity by 6,269,251.
- Other factors increased equity by 4,061,581.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-6.77 Million | -71.28% |
| Share Repurchases | AU$4.35 Million | -45.83% |
| Share Issuances | AU$4.35 Million | +45.83% |
| Other Comprehensive Income | AU$6.27 Million | +65.99% |
| Other Changes | AU$4.06 Million | +42.75% |
| Total Change | AU$- | 59.92% |
Book Value vs Market Value Analysis
This analysis compares Enova Mining 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: 0.57x
- 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 increased from 0.04x to 0.57x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | AU$0.15 | AU$0.01 | x |
| 2007-12-31 | AU$0.43 | AU$0.01 | x |
| 2008-12-31 | AU$0.32 | AU$0.01 | x |
| 2009-12-31 | AU$0.28 | AU$0.01 | x |
| 2010-12-31 | AU$0.25 | AU$0.01 | x |
| 2011-12-31 | AU$0.27 | AU$0.01 | x |
| 2012-12-31 | AU$0.20 | AU$0.01 | x |
| 2013-12-31 | AU$0.17 | AU$0.01 | x |
| 2014-12-31 | AU$0.11 | AU$0.01 | x |
| 2015-12-31 | AU$0.05 | AU$0.01 | x |
| 2016-12-31 | AU$0.04 | AU$0.01 | x |
| 2017-12-31 | AU$0.02 | AU$0.01 | x |
| 2018-12-31 | AU$0.01 | AU$0.01 | x |
| 2019-12-31 | AU$0.01 | AU$0.01 | x |
| 2020-12-31 | AU$0.01 | AU$0.01 | x |
| 2021-12-31 | AU$0.01 | AU$0.01 | x |
| 2022-12-31 | AU$0.01 | AU$0.01 | x |
| 2023-12-31 | AU$0.01 | AU$0.01 | x |
| 2024-12-31 | AU$0.01 | AU$0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Enova Mining Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -71.28%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -18360.49%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.01x
- Recent ROE (-71.28%) is below the historical average (-32.34%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -9.42% | 0.00% | 0.00x | 1.08x | AU$-574.97K |
| 2007 | -11.93% | 0.00% | 0.00x | 1.01x | AU$-1.87 Million |
| 2008 | -14.29% | 0.00% | 0.00x | 1.02x | AU$-1.81 Million |
| 2009 | -14.67% | 0.00% | 0.00x | 1.02x | AU$-1.60 Million |
| 2010 | -13.73% | -41072.47% | 0.00x | 1.08x | AU$-1.38 Million |
| 2011 | -34.16% | -7299.62% | 0.00x | 1.06x | AU$-3.09 Million |
| 2012 | -27.51% | -3809.98% | 0.01x | 1.06x | AU$-2.40 Million |
| 2013 | -32.77% | -18354.05% | 0.00x | 1.06x | AU$-2.55 Million |
| 2014 | -30.94% | -16076.85% | 0.00x | 1.17x | AU$-2.08 Million |
| 2015 | -71.07% | -9843.84% | 0.01x | 1.31x | AU$-2.73 Million |
| 2016 | -15.81% | -1448.09% | 0.01x | 1.46x | AU$-807.68K |
| 2017 | -93.87% | -272683.67% | 0.00x | 1.46x | AU$-3.27 Million |
| 2018 | -14.06% | -6656.68% | 0.00x | 1.92x | AU$-664.24K |
| 2019 | -138.38% | -100209.93% | 0.00x | 3.56x | AU$-1.82 Million |
| 2020 | -6.42% | -81592.94% | 0.00x | 1.04x | AU$-709.28K |
| 2021 | -4.13% | 0.00% | 0.00x | 1.11x | AU$-585.92K |
| 2022 | -3.40% | -10774.84% | 0.00x | 1.01x | AU$-647.33K |
| 2023 | -6.54% | -3588.39% | 0.00x | 1.01x | AU$-982.41K |
| 2024 | -71.28% | -18360.49% | 0.00x | 1.01x | AU$-7.72 Million |
Industry Comparison
This section compares Enova Mining 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: $18,826,689
- Average return on equity (ROE) among peers: -37.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Enova Mining Ltd (ENV) | AU$10.24 Million | -9.42% | 0.01x | $3.05 Million |
| EXULTANT FPO [10X] (10X) | $5.63 Million | -1.35% | 0.01x | $1.03K |
| Morella Corporation Ltd (1MC) | $64.99 Million | -144.24% | 4.26x | $2.93 Million |
| 6K Additive Inc (6KA) | $62.92 Million | -28.47% | 0.10x | $24.39 Million |
| Atlantic Lithium Ltd (A11) | $15.58 Million | -14.80% | 0.03x | $91.16 Million |
| African Gold Ltd (A1G) | $10.30 Million | -17.56% | 0.09x | $169.49 Million |
| Albright Metals Ltd (ABR) | $7.74 Million | -10.47% | 0.03x | $949.11K |
| Audalia Resources Ltd (ACP) | $2.12 Million | -18.55% | 0.04x | $893.85K |
| Accent Resources NL (ACS) | $1.74 Million | -130.20% | 4.99x | $211.71K |
| Acdc Metals Ltd (ADC) | $10.58 Million | -4.74% | 0.03x | $939.49K |
| Admiralty Resources NL (ADY) | $6.66 Million | 0.00% | 0.34x | $5.70 Million |