Forrestania Resources Ltd
Forrestania Resources Limited engages in the exploration and development of mineral projects in Western Australia and Canada. It primarily explores for copper, gold, lithium, and nickel deposits. The company's flagship projects are the Ada Ann prospect; and Lady Lila prospect located in Western Australia. Forrestania Resources Limited was incorporated in 2021 and is based in Subiaco, Australia.
Forrestania Resources Ltd (FRS) - Net Assets
Latest net assets as of June 2025: AU$7.02 Million AUD
Based on the latest financial reports, Forrestania Resources Ltd (FRS) has net assets worth AU$7.02 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$7.48 Million) and total liabilities (AU$461.12K). 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$7.02 Million |
| % of Total Assets | 93.84% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 30.15 |
Forrestania Resources Ltd - Net Assets Trend (2020–2024)
This chart illustrates how Forrestania 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 Forrestania Resources Ltd (2020–2024)
The table below shows the annual net assets of Forrestania Resources Ltd from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$7.02 Million | +14.88% |
| 2023-12-31 | AU$6.11 Million | -34.65% |
| 2022-12-31 | AU$9.35 Million | +37.55% |
| 2021-12-31 | AU$6.80 Million | +4690.40% |
| 2020-12-31 | AU$-148.08K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Forrestania 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 1002169300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$17.46 Million | 248.77% |
| Other Comprehensive Income | AU$-216.08K | -3.08% |
| Total Equity | AU$7.02 Million | 100.00% |
Forrestania Resources Ltd Competitors by Market Cap
The table below lists competitors of Forrestania Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AME REIT
KLSE:5307
|
$64.04 Million |
|
American Lithium Corp.
OTCQB:AMLIF
|
$64.04 Million |
|
IBJ INC.
F:7XR
|
$64.05 Million |
|
Synthomer plc
PINK:SYYYF
|
$64.06 Million |
|
CONTINENTAL AERO. HD-10
F:CTQ0
|
$63.96 Million |
|
Edge Copper Corporation
V:EDCU
|
$63.94 Million |
|
Teknosa Ic ve Dis Ticaret AS
IS:TKNSA
|
$63.94 Million |
|
Nihon Trim Co. Ltd
F:NH8
|
$63.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Forrestania Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,110,585 to 7,019,765, a change of 909,180 (14.9%).
- Net loss of 1,419,856 reduced equity.
- Share repurchases of 2,352,480 reduced equity.
- Other comprehensive income decreased equity by 2,695,514.
- Other factors increased equity by 7,377,030.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-1.42 Million | -20.23% |
| Share Repurchases | AU$2.35 Million | -33.51% |
| Other Comprehensive Income | AU$-2.70 Million | -38.4% |
| Other Changes | AU$7.38 Million | +105.09% |
| Total Change | AU$- | 14.88% |
Book Value vs Market Value Analysis
This analysis compares Forrestania 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: 14.43x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | AU$0.00 | AU$0.45 | x |
| 2021-12-31 | AU$0.13 | AU$0.45 | x |
| 2022-12-31 | AU$0.15 | AU$0.45 | x |
| 2023-12-31 | AU$0.04 | AU$0.45 | x |
| 2024-12-31 | AU$0.03 | AU$0.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Forrestania Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -20.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9446.81%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.07x
- Recent ROE (-20.23%) is above the historical average (-33.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | -48948.33% | 0.00x | 0.00x | AU$-190.77K |
| 2021 | -31.18% | 0.00% | 0.00x | 1.03x | AU$-2.80 Million |
| 2022 | -17.67% | -10868.42% | 0.00x | 1.09x | AU$-2.59 Million |
| 2023 | -97.08% | -82733.32% | 0.00x | 1.03x | AU$-6.54 Million |
| 2024 | -20.23% | -9446.81% | 0.00x | 1.07x | AU$-2.12 Million |
Industry Comparison
This section compares Forrestania Resources Ltd's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $113,835,527
- Average return on equity (ROE) among peers: -62.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Forrestania Resources Ltd (FRS) | AU$7.02 Million | 0.00% | 0.07x | $64.03 Million |
| 29METALS Ltd (29M) | $769.54 Million | 15.73% | 0.71x | $171.73 Million |
| Aic Mines Ltd (A1M) | $8.72 Million | -78.07% | 0.14x | $147.29 Million |
| Australian Critical Minerals Ltd (ACM) | $-14.00K | 0.00% | 0.00x | $1.43 Million |
| Alvo Minerals Ltd (ALV) | $3.02 Million | -198.12% | 0.08x | $2.34 Million |
| Alicanto Minerals Ltd (AQI) | $4.78 Million | -147.27% | 0.13x | $43.93 Million |
| Askari Metals Ltd (AS2) | $11.00 Million | -56.43% | 0.12x | $2.21 Million |
| Altitude Minerals Ltd (ATT) | $4.14 Million | -122.29% | 0.15x | $2.59 Million |
| Avira Resources Ltd (AVW) | $7.03 Million | -32.56% | 0.54x | $1.27 Million |
| Antipa Minerals Ltd (AZY) | $98.25 Million | -5.44% | 0.06x | $209.72 Million |
| Burgundy Diamond Mines Ltd (BDM) | $231.89 Million | -0.88% | 3.22x | $10.17 Million |