Errawarra Resources Ltd
Errawarra Resources Ltd engages in the mineral exploration and project development in Australia. It explores for graphite, lithium, nickel, copper, gold, silver, and rare earth elements. The company was incorporated in 2012 and is based in West Perth, Australia.
Errawarra Resources Ltd (ERW) - Net Assets
Latest net assets as of December 2024: AU$476.51K AUD
Based on the latest financial reports, Errawarra Resources Ltd (ERW) has net assets worth AU$476.51K 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$995.86K) and total liabilities (AU$519.35K). 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$476.51K |
| % of Total Assets | 47.85% |
| Annual Growth Rate | 23.09% |
| 5-Year Change | -71.99% |
| 10-Year Change | N/A |
| Growth Volatility | 79.9 |
Errawarra Resources Ltd - Net Assets Trend (2012–2023)
This chart illustrates how Errawarra 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 Errawarra Resources Ltd (2012–2023)
The table below shows the annual net assets of Errawarra Resources Ltd from 2012 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | AU$1.75 Million | +139.68% |
| 2022-12-31 | AU$732.15K | -70.68% |
| 2021-12-31 | AU$2.50 Million | -23.93% |
| 2020-12-31 | AU$3.28 Million | -47.61% |
| 2019-12-31 | AU$6.27 Million | +1908.70% |
| 2018-12-31 | AU$-346.43K | +4.54% |
| 2017-12-31 | AU$-362.89K | -229.79% |
| 2016-12-31 | AU$-110.03K | +3.13% |
| 2015-12-31 | AU$-113.60K | -1375.08% |
| 2014-12-31 | AU$-7.70K | -111.02% |
| 2013-12-31 | AU$69.85K | -60.90% |
| 2012-12-31 | AU$178.64K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Errawarra 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 1166844600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$11.54 Million | 547.05% |
| Other Comprehensive Income | AU$2.76 Million | 130.63% |
| Total Equity | AU$2.11 Million | 100.00% |
Errawarra Resources Ltd Competitors by Market Cap
The table below lists competitors of Errawarra Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Riley Gold Corp
OTCQB:RLYGF
|
$3.60 Million |
|
Eezy PLC
HE:EEZY
|
$3.60 Million |
|
Cyprium Metals Limited
OTCQB:CYPMF
|
$3.60 Million |
|
Nusatama Berkah Tbk PT
JK:NTBK
|
$3.60 Million |
|
ROCHE HLDG DR
MU:RHO5
|
$3.60 Million |
|
Alpha Star Acquisition Corp
NASDAQ:ALSA
|
$3.60 Million |
|
Computer Forms (Malaysia) Bhd
KLSE:8044
|
$3.60 Million |
|
AFRIQUIA GAZ
BC:AFRIQUIA-GAZ
|
$3.60 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Errawarra Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 916,798 to 2,109,543, a change of 1,192,745 (130.1%).
- Net loss of 2,813,405 reduced equity.
- Share repurchases of 289,302 reduced equity.
- New share issuances of 4,250,353 increased equity.
- Other comprehensive income decreased equity by 1,012,048.
- Other factors increased equity by 1,057,147.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-2.81 Million | -133.37% |
| Share Repurchases | AU$289.30K | -13.71% |
| Share Issuances | AU$4.25 Million | +201.48% |
| Other Comprehensive Income | AU$-1.01 Million | -47.97% |
| Other Changes | AU$1.06 Million | +50.11% |
| Total Change | AU$- | 130.10% |
Book Value vs Market Value Analysis
This analysis compares Errawarra 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: 6.47x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 1.17x to 6.47x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | AU$0.14 | AU$0.16 | x |
| 2013-12-31 | AU$0.05 | AU$0.16 | x |
| 2014-12-31 | AU$-0.01 | AU$0.16 | x |
| 2015-12-31 | AU$-0.08 | AU$0.16 | x |
| 2016-12-31 | AU$-0.07 | AU$0.16 | x |
| 2017-12-31 | AU$-0.01 | AU$0.16 | x |
| 2018-12-31 | AU$-0.01 | AU$0.16 | x |
| 2019-12-31 | AU$0.16 | AU$0.16 | x |
| 2020-12-31 | AU$0.08 | AU$0.16 | x |
| 2021-12-31 | AU$0.06 | AU$0.16 | x |
| 2022-12-31 | AU$0.02 | AU$0.16 | x |
| 2023-12-31 | AU$0.02 | AU$0.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Errawarra Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -133.37%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.11x
- Recent ROE (-133.37%) is below the historical average (-82.86%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -143.29% | -4931.15% | 0.01x | 2.06x | AU$-273.84K |
| 2013 | -201.55% | 0.00% | 0.00x | 3.64x | AU$-147.77K |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-28.78K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-318.82K |
| 2016 | 0.00% | 542.15% | 0.14x | 0.00x | AU$117.90K |
| 2017 | 0.00% | -2924280.00% | 0.00x | 0.00x | AU$-256.14K |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | AU$41.44K |
| 2019 | -0.68% | 0.00% | 0.00x | 1.00x | AU$-669.45K |
| 2020 | -99.26% | -757806.05% | 0.00x | 1.09x | AU$-3.59 Million |
| 2021 | -134.46% | -230035.21% | 0.00x | 1.38x | AU$-3.61 Million |
| 2022 | -281.74% | -15043.70% | 0.01x | 1.59x | AU$-2.67 Million |
| 2023 | -133.37% | 0.00% | 0.00x | 1.11x | AU$-3.02 Million |
Industry Comparison
This section compares Errawarra 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 |
|---|---|---|---|---|
| Errawarra Resources Ltd (ERW) | AU$476.51K | -143.29% | 1.09x | $3.60 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 |