Frontier Energy Ltd (FHE) - Net Assets

Latest as of December 2025: AU$84.80 Million AUD ≈ $60.00 Million USD

Based on the latest financial reports, Frontier Energy Ltd (FHE) has net assets worth AU$84.80 Million AUD (≈ $60.00 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$90.43 Million ≈ $63.99 Million USD) and total liabilities (AU$5.64 Million ≈ $3.99 Million USD). 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. Check FHE tangible net assets ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$84.80 Million
% of Total Assets	93.76%
Annual Growth Rate	17.59%
5-Year Change	3850.17%
10-Year Change	7376.89%
Growth Volatility	307.27

Frontier Energy Ltd - Net Assets Trend (2009–2025)

This chart illustrates how Frontier Energy Ltd's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Frontier Energy Ltd to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Frontier Energy Ltd (2009–2025)

The table below shows the annual net assets of Frontier Energy Ltd from 2009 to 2025. For live valuation and market cap data, see how much is Frontier Energy Ltd worth.

Year	Net Assets	Change
2025-12-31	AU$84.80 Million ≈ $60.00 Million	+4.34%
2024-12-31	AU$81.27 Million ≈ $57.50 Million	-2.60%
2023-12-31	AU$83.44 Million ≈ $59.04 Million	+213.90%
2022-12-31	AU$26.58 Million ≈ $18.81 Million	+1138.31%
2021-12-31	AU$2.15 Million ≈ $1.52 Million	-21.32%
2020-12-31	AU$2.73 Million ≈ $1.93 Million	+64.87%
2019-12-31	AU$1.65 Million ≈ $1.17 Million	-61.10%
2018-12-31	AU$4.25 Million ≈ $3.01 Million	+183.19%
2017-12-31	AU$1.50 Million ≈ $1.06 Million	+32.48%
2016-12-31	AU$1.13 Million ≈ $802.45K	+875.32%
2015-12-31	AU$-146.28K ≈ $-103.50K	-164.91%
2014-12-31	AU$225.36K ≈ $159.45K	-85.49%
2013-12-31	AU$1.55 Million ≈ $1.10 Million	-51.13%
2011-12-31	AU$3.18 Million ≈ $2.25 Million	-22.85%
2010-12-31	AU$4.12 Million ≈ $2.91 Million	-35.07%
2009-12-31	AU$6.34 Million ≈ $4.49 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Frontier Energy 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 4563415600.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	AU$128.22 Million	149.94%
Other Comprehensive Income	AU$4.05 Million	4.73%
Other Components	AU$1.00	0.00%
Total Equity	AU$85.51 Million	100.00%

Frontier Energy Ltd Competitors by Market Cap

The table below lists competitors of Frontier Energy Ltd ranked by their market capitalization.

Company	Market Cap
Axis Corporation TWO:6292	$99.54 Million
Wise plc LSE:WISE	$99.55 Million
Emeren Group Ltd NYSE:SOL	$99.56 Million
Eimco Elecon (India) Limited NSE:EIMCOELECO	$99.59 Million
Leofoo Development Co Ltd TW:2705	$99.45 Million
Samil Pharm KO:000520	$99.41 Million
Yirendai Ltd NYSE:YRD	$99.37 Million
Topower Co Ltd TWO:3226	$99.37 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Frontier Energy Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 81,987,964 to 85,511,666, a change of 3,523,702 (4.3%).
Net loss of 5,168,163 reduced equity.
Share repurchases of 491,250 reduced equity.
New share issuances of 11,500,000 increased equity.
Other comprehensive income increased equity by 294,623.
Other factors decreased equity by 2,611,508.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	AU$-5.17 Million	-6.04%
Share Repurchases	AU$491.25K	-0.57%
Share Issuances	AU$11.50 Million	+13.45%
Other Comprehensive Income	AU$294.62K	+0.34%
Other Changes	AU$-2.61 Million	-3.05%
Total Change	AU$-	4.30%

Book Value vs Market Value Analysis

This analysis compares Frontier Energy 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: 1.51x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 17.58x to 1.51x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2009-12-31	AU$0.01	AU$0.25	x
2010-12-31	AU$0.01	AU$0.25	x
2011-12-31	AU$0.21	AU$0.25	x
2012-12-31	AU$0.20	AU$0.25	x
2013-12-31	AU$0.17	AU$0.25	x
2014-12-31	AU$0.00	AU$0.25	x
2015-12-31	AU$0.00	AU$0.25	x
2016-12-31	AU$0.12	AU$0.25	x
2017-12-31	AU$0.07	AU$0.25	x
2018-12-31	AU$0.05	AU$0.25	x
2019-12-31	AU$0.02	AU$0.25	x
2020-12-31	AU$0.03	AU$0.25	x
2021-12-31	AU$0.01	AU$0.25	x
2022-12-31	AU$0.09	AU$0.25	x
2023-12-31	AU$0.23	AU$0.25	x
2024-12-31	AU$0.17	AU$0.25	x
2025-12-31	AU$0.17	AU$0.25	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Frontier Energy 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): -6.04%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -1028.18%
• Asset Turnover: 0.01x
• Equity Multiplier: 1.06x
Recent ROE (-6.04%) is above the historical average (-118.06%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2009	-17.71%	-5210.04%	0.00x	1.02x	AU$-1.76 Million
2010	-59.53%	-9944.03%	0.01x	1.02x	AU$-2.86 Million
2011	-20.55%	-217.67%	0.09x	1.02x	AU$-970.76K
2012	-129.82%	0.00%	0.00x	0.00x	AU$-2.53 Million
2013	-61.88%	-8723.67%	0.01x	1.04x	AU$-1.12 Million
2014	-606.12%	-1731.94%	0.21x	1.67x	AU$-1.39 Million
2015	0.00%	-3318.27%	0.04x	0.00x	AU$-385.52K
2016	-13.86%	-121831.01%	0.00x	1.36x	AU$-270.57K
2017	-24.95%	-1249283.33%	0.00x	1.04x	AU$-525.03K
2018	-381.82%	-66760.23%	0.00x	1.29x	AU$-16.67 Million
2019	-424.03%	-29257.15%	0.01x	1.50x	AU$-7.18 Million
2020	-61.74%	-206007.40%	0.00x	0.68x	AU$-3.04 Million
2021	-155.62%	-182116.79%	0.00x	1.97x	AU$-2.66 Million
2022	-23.65%	-4431.78%	0.00x	1.37x	AU$-7.86 Million
2023	2.44%	741.92%	0.00x	1.06x	AU$-6.36 Million
2024	-22.11%	-4673.99%	0.00x	1.02x	AU$-26.33 Million
2025	-6.04%	-1028.18%	0.01x	1.06x	AU$-13.72 Million

Industry Comparison

This section compares Frontier Energy Ltd's net assets metrics with peer companies in the Utilities - Renewable industry.

Industry Context

Industry: Utilities - Renewable
Average net assets among peers: $561,219,072
Average return on equity (ROE) among peers: -51.86%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Frontier Energy Ltd (FHE)	AU$84.80 Million	-17.71%	0.07x	$99.51 Million
Botala Energy Ltd (BTE)	$14.64 Million	-7.50%	0.06x	$14.36 Million
Carnegie Clean Energy Ltd (CCE)	$7.13 Million	-266.99%	0.32x	$24.46 Million
Delorean Corporation Ltd (DEL)	$11.88 Million	-91.64%	1.03x	$14.50 Million
Green Critical Minerals Ltd (GCM)	$11.29 Million	-18.96%	0.09x	$16.30 Million
Janus Electric Holdings Ltd (JNS)	$282.82 Million	-5.41%	0.07x	$11.69 Million
LGI Ltd (LGI)	$13.37 Million	13.08%	1.93x	$228.35 Million
Meridian Energy Ltd (MEZ)	$4.69 Billion	6.29%	0.65x	$9.02 Billion
Timah Resources Ltd (TML)	$19.43 Million	-18.11%	1.56x	$2.95 Million
Volt Power Group Ltd (VPR)	$2.42 Million	-77.52%	0.32x	$17.95 Million

About Frontier Energy Ltd

AU:FHE Australia Utilities - Renewable

Market Cap

$99.51 Million

AU$140.64 Million AUD

Market Cap Rank

#19263 Global

#621 in Australia

Share Price

AU$0.25

Change (1 day)

+4.17%

52-Week Range

AU$0.18 - AU$0.34

All Time High

AU$1.25