Far Northern Resources Ltd
Far Northern Resources Limited engages in the exploration of gold, copper, and base metal properties in Australia. It holds 100% interest in Bridge Creek project located in Northern Territory; the Empire project located in North Queensland; and Rocks Reef Project located in North Queensland. The company was incorporated in 2017 and is based in Fortitude Valley, Australia.
Far Northern Resources Ltd (FNR) - Net Assets
Latest net assets as of June 2025: AU$8.69 Million AUD
Based on the latest financial reports, Far Northern Resources Ltd (FNR) has net assets worth AU$8.69 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$8.86 Million) and total liabilities (AU$168.00K). 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$8.69 Million |
| % of Total Assets | 98.1% |
| Annual Growth Rate | 56.6% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 181.39 |
Far Northern Resources Ltd - Net Assets Trend (2021–2025)
This chart illustrates how Far Northern 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 Far Northern Resources Ltd (2021–2025)
The table below shows the annual net assets of Far Northern Resources Ltd from 2021 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$8.69 Million | -5.78% |
| 2024-06-30 | AU$9.22 Million | +423.59% |
| 2023-06-30 | AU$1.76 Million | +22.09% |
| 2022-06-30 | AU$1.44 Million | -0.16% |
| 2021-06-30 | AU$1.45 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Far Northern 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 200778000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$11.36 Million | 130.75% |
| Total Equity | AU$8.69 Million | 100.00% |
Far Northern Resources Ltd Competitors by Market Cap
The table below lists competitors of Far Northern Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ELIA SYSTEM OP. - Dusseldorf Stock Exchang
DU:E4S
|
$1.23 Million |
|
Spark I Acquisition Corp. Warrant
NASDAQ:SPKLW
|
$1.23 Million |
|
TD Synnex Corp
STU:SUX
|
$1.23 Million |
|
COCA-COLA BOTTLING
BE:CC5
|
$1.24 Million |
|
ARCTIC MINERALS AB SK 2
F:9QY
|
$1.23 Million |
|
OpTeam S.A.
WAR:OPM
|
$1.23 Million |
|
iMining Blockchain and Cryptocurrency Inc
PINK:IBKKF
|
$1.23 Million |
|
Pudjiadi Prestige Tbk
JK:PUDP
|
$1.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Far Northern Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,222,177 to 8,689,593, a change of -532,584 (-5.8%).
- Net loss of 532,583 reduced equity.
- Other comprehensive income decreased equity by 90.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-532.58K | -6.13% |
| Other Comprehensive Income | AU$-90.00 | -0.0% |
| Other Changes | AU$89.00 | +0.0% |
| Total Change | AU$- | -5.78% |
Book Value vs Market Value Analysis
This analysis compares Far Northern 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: 1.10x
- 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 3.41x to 1.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-06-30 | AU$0.04 | AU$0.14 | x |
| 2022-06-30 | AU$0.04 | AU$0.14 | x |
| 2023-06-30 | AU$0.05 | AU$0.14 | x |
| 2024-06-30 | AU$0.31 | AU$0.14 | x |
| 2025-06-30 | AU$0.12 | AU$0.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Far Northern Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -6.13%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -556.11%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.02x
- Recent ROE (-6.13%) is above the historical average (-15.04%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -24.11% | 0.00% | 0.00x | 1.40x | AU$-405.71K |
| 2022 | -7.59% | 0.00% | 0.00x | 1.26x | AU$-212.53K |
| 2023 | -25.68% | -1462.94% | 0.01x | 1.23x | AU$-548.82K |
| 2024 | -11.68% | -17049.35% | 0.00x | 1.02x | AU$-2.00 Million |
| 2025 | -6.13% | -556.11% | 0.01x | 1.02x | AU$-1.40 Million |
Industry Comparison
This section compares Far Northern Resources Ltd's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $23,959,302
- Average return on equity (ROE) among peers: -1270.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Far Northern Resources Ltd (FNR) | AU$8.69 Million | -24.11% | 0.02x | $1.23 Million |
| Australasian Metals Ltd (A8G) | $5.85 Million | -16.53% | 0.05x | $1.25 Million |
| Ariana Resources Plc (AA2) | $21.37 Million | -1.02% | 0.03x | $43.13 Million |
| Aruma Resources Ltd (AAJ) | $1.10 Million | -25.68% | 0.39x | $2.13 Million |
| Astral Resources NL (AAR) | $4.81K | -12574.39% | 0.18x | $138.29 Million |
| Adelong Gold Ltd (ADG) | $911.18K | -70.31% | 0.11x | $6.07 Million |
| Ardiden Ltd (ADV) | $5.54 Million | -12.67% | 0.11x | $10.37 Million |
| Ark Mines Ltd (AHK) | $-7.71 Million | 0.00% | 0.00x | $8.35 Million |
| Aureka Ltd (AKA) | $28.36 Million | 9.46% | 0.19x | $6.23 Million |
| Alkane Resources Ltd (ALK) | $174.22 Million | -3.54% | 0.15x | $203.33 Million |
| Alchemy Resources Ltd (ALY) | $9.94 Million | -8.10% | 0.02x | $4.22 Million |