Firetail Resources Ltd
Firetail Resources Limited engages in the acquisition and exploration of resource projects in Australia, Peru, and Canada. It explores for copper, zinc, rubidium, lithium, gold, silver, nickel, cobalt, lead, molybdenum, and manganese. The company also has an option agreement to acquire 80% interest in the York Harbour project that consists of 189 mineral claims totaling an area of approximately 4… Read more
Firetail Resources Ltd (FTL) - Net Assets
Latest net assets as of December 2024: AU$26.94 Million AUD
Based on the latest financial reports, Firetail Resources Ltd (FTL) has net assets worth AU$26.94 Million AUD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$27.89 Million) and total liabilities (AU$958.84K). 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$26.94 Million |
| % of Total Assets | 96.56% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 29.38 |
Firetail Resources Ltd - Net Assets Trend (2020–2024)
This chart illustrates how Firetail 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 Firetail Resources Ltd (2020–2024)
The table below shows the annual net assets of Firetail Resources Ltd from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | AU$21.37 Million | +52.78% |
| 2023-06-30 | AU$13.99 Million | -5.98% |
| 2022-06-30 | AU$14.88 Million | +336457.59% |
| 2021-06-30 | AU$-4.42K | -158.96% |
| 2020-06-30 | AU$-1.71K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Firetail 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 490304700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$26.63 Million | 129.64% |
| Other Comprehensive Income | AU$-1.18 Million | -5.76% |
| Total Equity | AU$20.54 Million | 100.00% |
Firetail Resources Ltd Competitors by Market Cap
The table below lists competitors of Firetail Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Intensity Therapeutics, Inc. Common stock
NASDAQ:INTS
|
$15.03 Million |
|
INITECH Co. Ltd
KQ:053350
|
$15.03 Million |
|
Ora Gold Ltd
AU:OAU
|
$15.03 Million |
|
Future Metals NL
PINK:FMELF
|
$15.04 Million |
|
Hopscotch Groupe S.A.
PA:ALHOP
|
$15.03 Million |
|
SFP Tech Holdings Bhd
KLSE:0251
|
$15.02 Million |
|
CrowdWorks, Inc.
KQ:355390
|
$15.02 Million |
|
Boer Power Holdings Limited
F:BOE
|
$15.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Firetail Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,987,602 to 20,543,314, a change of 6,555,712 (46.9%).
- Net loss of 2,701,964 reduced equity.
- Share repurchases of 5,514,600 reduced equity.
- New share issuances of 5,514,600 increased equity.
- Other comprehensive income decreased equity by 96,798.
- Other factors increased equity by 9,354,474.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-2.70 Million | -13.15% |
| Share Repurchases | AU$5.51 Million | -26.84% |
| Share Issuances | AU$5.51 Million | +26.84% |
| Other Comprehensive Income | AU$-96.80K | -0.47% |
| Other Changes | AU$9.35 Million | +45.54% |
| Total Change | AU$- | 46.87% |
Book Value vs Market Value Analysis
This analysis compares Firetail 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: 0.89x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-06-30 | AU$0.00 | AU$0.13 | x |
| 2021-06-30 | AU$0.00 | AU$0.13 | x |
| 2022-06-30 | AU$0.19 | AU$0.13 | x |
| 2023-06-30 | AU$0.18 | AU$0.13 | x |
| 2024-06-30 | AU$0.15 | AU$0.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Firetail Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -13.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1154.29%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.08x
- Recent ROE (-13.15%) is below the historical average (-5.66%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-473.20 |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-2.27K |
| 2022 | -9.11% | 0.00% | 0.00x | 1.03x | AU$-2.84 Million |
| 2023 | -6.06% | -510.34% | 0.01x | 1.04x | AU$-2.25 Million |
| 2024 | -13.15% | -1154.29% | 0.01x | 1.08x | AU$-4.76 Million |
Industry Comparison
This section compares Firetail 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 |
|---|---|---|---|---|
| Firetail Resources Ltd (FTL) | AU$26.94 Million | 0.00% | 0.04x | $15.03 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 |