Firebird Metals Ltd (FRB) - Net Assets
Based on the latest financial reports, Firebird Metals Ltd (FRB) has net assets worth AU$14.67 Million AUD (≈ $10.38 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$15.46 Million ≈ $10.94 Million USD) and total liabilities (AU$784.06K ≈ $554.77K 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 FRB asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$14.67 Million |
| % of Total Assets | 94.93% |
| Annual Growth Rate | N/A |
| 5-Year Change | 113.86% |
| 10-Year Change | N/A |
| Growth Volatility | 114.69 |
Firebird Metals Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Firebird Metals Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Firebird Metals Ltd for the complete picture of this company's asset base.
Annual Net Assets for Firebird Metals Ltd (2017–2024)
The table below shows the annual net assets of Firebird Metals Ltd from 2017 to 2024. For live valuation and market cap data, see Firebird Metals Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$10.57 Million ≈ $7.48 Million |
-16.38% |
| 2023-12-31 | AU$12.64 Million ≈ $8.94 Million |
+97.80% |
| 2022-12-31 | AU$6.39 Million ≈ $4.52 Million |
+62.12% |
| 2021-12-31 | AU$3.94 Million ≈ $2.79 Million |
-20.24% |
| 2020-12-31 | AU$4.94 Million ≈ $3.50 Million |
+294.14% |
| 2019-12-31 | AU$1.25 Million ≈ $887.08K |
+138.22% |
| 2018-12-31 | AU$-3.28 Million ≈ $-2.32 Million |
-93.94% |
| 2017-12-31 | AU$-1.69 Million ≈ $-1.20 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Firebird Metals 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 1469333700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$21.12 Million | 199.83% |
| Other Comprehensive Income | AU$5.84 Million | 55.22% |
| Total Equity | AU$10.57 Million | 100.00% |
Firebird Metals Ltd Competitors by Market Cap
The table below lists competitors of Firebird Metals Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Unique Mining Services Public Company Limited
BK:UMS
|
$19.36 Million |
|
NB Distressed Debt Inv Extended Life
LSE:NBDX
|
$19.37 Million |
|
WindowMaster International AS
CO:WMA
|
$19.37 Million |
|
Altima Resources Ltd
V:ARH
|
$19.37 Million |
|
Law Debenture Corp
LSE:LWDB
|
$19.35 Million |
|
Trendline
TA:TREN
|
$19.35 Million |
|
Wealth Minerals Ltd.
V:WML
|
$19.34 Million |
|
Spackman Equit
V:SQG
|
$19.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Firebird Metals Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,638,355 to 10,567,594, a change of -2,070,761 (-16.4%).
- Net loss of 2,273,176 reduced equity.
- Other comprehensive income increased equity by 163,986.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-2.27 Million | -21.51% |
| Other Comprehensive Income | AU$163.99K | +1.55% |
| Other Changes | AU$38.43K | +0.36% |
| Total Change | AU$- | -16.38% |
Book Value vs Market Value Analysis
This analysis compares Firebird Metals 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: 2.02x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | AU$-0.03 | AU$0.15 | x |
| 2018-12-31 | AU$-0.06 | AU$0.15 | x |
| 2019-12-31 | AU$0.10 | AU$0.15 | x |
| 2020-12-31 | AU$0.09 | AU$0.15 | x |
| 2021-12-31 | AU$0.07 | AU$0.15 | x |
| 2022-12-31 | AU$0.09 | AU$0.15 | x |
| 2023-12-31 | AU$0.11 | AU$0.15 | x |
| 2024-12-31 | AU$0.07 | AU$0.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Firebird Metals Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -21.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6267.37%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.06x
- Recent ROE (-21.51%) is above the historical average (-23.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-810.16K |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-1.26 Million |
| 2019 | -12.53% | 0.00% | 0.00x | 1.00x | AU$-1.18 Million |
| 2020 | -68.70% | 0.00% | 0.00x | 1.05x | AU$-3.89 Million |
| 2021 | -29.77% | -24442.73% | 0.00x | 1.05x | AU$-1.57 Million |
| 2022 | -14.90% | -396.29% | 0.04x | 1.05x | AU$-1.59 Million |
| 2023 | -36.83% | -4231.90% | 0.01x | 1.02x | AU$-5.92 Million |
| 2024 | -21.51% | -6267.37% | 0.00x | 1.06x | AU$-3.33 Million |
Industry Comparison
This section compares Firebird Metals 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: $27,949,790
- Average return on equity (ROE) among peers: -7.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Firebird Metals Ltd (FRB) | AU$14.67 Million | 0.00% | 0.05x | $19.35 Million |
| Morella Corporation Ltd (1MC) | $26.74 Million | -3.42% | 0.33x | $7.79 Million |
| Amaero Ltd (3DA) | $13.04 Million | -0.63% | 0.03x | $222.42 Million |
| 6K Additive Inc (6KA) | $-21.36 Million | 0.00% | 0.00x | $139.00 Million |
| Atlantic Lithium Ltd (A11) | $31.07 Million | -22.97% | 0.04x | $175.81 Million |
| African Gold Ltd (A1G) | $10.30 Million | -17.56% | 0.09x | $419.02 Million |
| Albright Metals Ltd (ABR) | $11.82 Million | -15.47% | 0.06x | $3.68 Million |
| Audalia Resources Ltd (ACP) | $3.46 Million | 0.00% | 0.00x | $14.39 Million |
| Accent Resources NL (ACS) | $21.95 Million | -4.18% | 0.01x | $15.93 Million |
| Acdc Metals Ltd (ADC) | $11.27 Million | -1.92% | 0.01x | $3.38 Million |
| Andromeda Metals Ltd (ADN) | $171.19 Million | -5.10% | 0.02x | $26.17 Million |
About Firebird Metals Ltd
Firebird Metals Limited engages in the exploration, development, and evaluation of mineral resources in Australia and China. The company primarily explores for manganese deposits. Its flagship project is the 100% owned Oakover project located east of Newman in the East Pilbara Manganese province of Western Australia. Firebird Metals Limited was incorporated in 2016 and is based in Peppermint Grov… Read more