Flagship Minerals Ltd
Flagship Minerals Limited engages in the exploration and development of lithium and copper deposits in Chile and Thailand. It also explores for gold and silver deposits. The company was formerly known as Pan Asia Metals Limited and changed its name to Flagship Minerals Limited in January 2025. Flagship Minerals Limited was incorporated in 2017 and is based in Sydney, Australia.
Flagship Minerals Ltd (FLG) - Net Assets
Latest net assets as of June 2025: AU$11.03 Million AUD
Based on the latest financial reports, Flagship Minerals Ltd (FLG) has net assets worth AU$11.03 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$13.85 Million) and total liabilities (AU$2.81 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$11.03 Million |
| % of Total Assets | 79.69% |
| Annual Growth Rate | 6.6% |
| 5-Year Change | 27.27% |
| 10-Year Change | N/A |
| Growth Volatility | 18.14 |
Flagship Minerals Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Flagship Minerals 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 Flagship Minerals Ltd (2017–2024)
The table below shows the annual net assets of Flagship Minerals Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$10.96 Million | +1.81% |
| 2023-12-31 | AU$10.76 Million | +3.54% |
| 2022-12-31 | AU$10.40 Million | -16.44% |
| 2021-12-31 | AU$12.44 Million | +44.49% |
| 2020-12-31 | AU$8.61 Million | -5.72% |
| 2019-12-31 | AU$9.13 Million | +9.34% |
| 2018-12-31 | AU$8.35 Million | +19.22% |
| 2017-12-31 | AU$7.01 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Flagship Minerals 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 789250700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$18.78 Million | 171.39% |
| Other Comprehensive Income | AU$227.31K | 2.07% |
| Total Equity | AU$10.96 Million | 100.00% |
Flagship Minerals Ltd Competitors by Market Cap
The table below lists competitors of Flagship Minerals Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ann Joo Resources Bhd
KLSE:6556
|
$23.60 Million |
|
American Hotel Income Properties REIT LP
OTCQX:AHOTF
|
$23.61 Million |
|
Tachan Securities Co Ltd
TWO:6020
|
$23.61 Million |
|
Taiwan Benefit Co
TWO:3379
|
$23.61 Million |
|
IFirma SA
WAR:IFI
|
$23.60 Million |
|
Pureun Mutual Savings Bank Co. Ltd
KQ:007330
|
$23.59 Million |
|
Atrem S.A.
WAR:ATR
|
$23.59 Million |
|
MHC Plantations Bhd
KLSE:5026
|
$23.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Flagship Minerals Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,763,294 to 10,958,477, a change of 195,183 (1.8%).
- Net loss of 2,185,237 reduced equity.
- Share repurchases of 1,133,850 reduced equity.
- New share issuances of 1,133,851 increased equity.
- Other comprehensive income increased equity by 324,534.
- Other factors increased equity by 2,055,885.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-2.19 Million | -19.94% |
| Share Repurchases | AU$1.13 Million | -10.35% |
| Share Issuances | AU$1.13 Million | +10.35% |
| Other Comprehensive Income | AU$324.53K | +2.96% |
| Other Changes | AU$2.06 Million | +18.76% |
| Total Change | AU$- | 1.81% |
Book Value vs Market Value Analysis
This analysis compares Flagship Minerals 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: 4.66x
- 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 decreased from 5.38x to 4.66x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | AU$0.05 | AU$0.28 | x |
| 2018-12-31 | AU$0.06 | AU$0.28 | x |
| 2019-12-31 | AU$0.07 | AU$0.28 | x |
| 2020-12-31 | AU$0.07 | AU$0.28 | x |
| 2021-12-31 | AU$0.09 | AU$0.28 | x |
| 2022-12-31 | AU$0.07 | AU$0.28 | x |
| 2023-12-31 | AU$0.07 | AU$0.28 | x |
| 2024-12-31 | AU$0.06 | AU$0.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Flagship Minerals Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -19.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -307779.86%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.21x
- Recent ROE (-19.94%) is below the historical average (-16.31%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -2.30% | 0.00% | 0.00x | 1.02x | AU$-861.97K |
| 2018 | -9.21% | 0.00% | 0.00x | 1.02x | AU$-1.60 Million |
| 2019 | -9.78% | 0.00% | 0.00x | 1.01x | AU$-1.81 Million |
| 2020 | -9.13% | 0.00% | 0.00x | 1.06x | AU$-1.65 Million |
| 2021 | -13.71% | 0.00% | 0.00x | 1.04x | AU$-2.95 Million |
| 2022 | -19.69% | -82520.85% | 0.00x | 1.06x | AU$-3.09 Million |
| 2023 | -46.74% | -23956.25% | 0.00x | 1.16x | AU$-6.11 Million |
| 2024 | -19.94% | -307779.86% | 0.00x | 1.21x | AU$-3.28 Million |
Industry Comparison
This section compares Flagship Minerals 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 |
|---|---|---|---|---|
| Flagship Minerals Ltd (FLG) | AU$11.03 Million | -2.30% | 0.25x | $23.60 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 |