State GAS Ltd
State Gas Limited engages in the exploration and development of gas fields in Australia. Its flagship projects are the Reid's Dome gas project comprising the production lease 231 permit and the Rolleston-West project covering an area of approximately 1,414 square kilometers located in the Bowen Basin in Central Queensland. The company was incorporated in 2017 and is headquartered in Brisbane, Aus… Read more
State GAS Ltd (GAS) - Net Assets
Latest net assets as of June 2025: AU$42.66 Million AUD
Based on the latest financial reports, State GAS Ltd (GAS) has net assets worth AU$42.66 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$51.21 Million) and total liabilities (AU$8.55 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$42.66 Million |
| % of Total Assets | 83.3% |
| Annual Growth Rate | -8.19% |
| 5-Year Change | 69.41% |
| 10-Year Change | -79.4% |
| Growth Volatility | 49.43 |
State GAS Ltd - Net Assets Trend (2003–2025)
This chart illustrates how State GAS 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 State GAS Ltd (2003–2025)
The table below shows the annual net assets of State GAS Ltd from 2003 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$42.66 Million | +5.82% |
| 2024-06-30 | AU$40.32 Million | +10.13% |
| 2023-06-30 | AU$36.61 Million | +16.97% |
| 2022-06-30 | AU$31.30 Million | +24.29% |
| 2021-06-30 | AU$25.18 Million | +115.59% |
| 2020-06-30 | AU$11.68 Million | +3.05% |
| 2019-06-30 | AU$11.33 Million | +77.46% |
| 2018-06-30 | AU$6.39 Million | -6.59% |
| 2017-06-30 | AU$6.84 Million | -96.70% |
| 2006-06-30 | AU$207.12 Million | -0.80% |
| 2005-06-30 | AU$208.79 Million | -28.80% |
| 2004-06-30 | AU$293.25 Million | +4.99% |
| 2003-06-30 | AU$279.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to State GAS 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 156.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$55.49 Million | 130.08% |
| Other Comprehensive Income | AU$3.12 Million | 7.32% |
| Total Equity | AU$42.66 Million | 100.00% |
State GAS Ltd Competitors by Market Cap
The table below lists competitors of State GAS Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ACC Aviation Holdings Ltd
PINK:CAVG
|
$4.68 Million |
|
Southern Banc Company Inc
PINK:SRNN
|
$4.68 Million |
|
Copper Quest Exploration Inc.
F:3MX0
|
$4.68 Million |
|
Lee Swee Kiat Group Bhd
KLSE:8079
|
$4.68 Million |
|
Vynleads Inc
OTCQB:VYND
|
$4.68 Million |
|
Catcha Digital Bhd
KLSE:0173
|
$4.68 Million |
|
Biomotion Sciences Ordinary Shares
NASDAQ:SLXN
|
$4.67 Million |
|
Mako Gold Ltd
AU:MKG
|
$4.67 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in State GAS Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 40,315,592 to 42,660,183, a change of 2,344,591 (5.8%).
- Net loss of 3,284,236 reduced equity.
- Share repurchases of 4,372,740 reduced equity.
- Other comprehensive income increased equity by 145,068.
- Other factors increased equity by 9,856,499.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-3.28 Million | -7.7% |
| Share Repurchases | AU$4.37 Million | -10.25% |
| Other Comprehensive Income | AU$145.07K | +0.34% |
| Other Changes | AU$9.86 Million | +23.1% |
| Total Change | AU$- | 5.82% |
Book Value vs Market Value Analysis
This analysis compares State GAS 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: 0.29x
- 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.
- The price-to-book ratio has increased from 0.00x to 0.29x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-06-30 | AU$9.53 | AU$0.03 | x |
| 2004-06-30 | AU$10.01 | AU$0.03 | x |
| 2005-06-30 | AU$7.13 | AU$0.03 | x |
| 2006-06-30 | AU$7.07 | AU$0.03 | x |
| 2017-06-30 | AU$0.23 | AU$0.03 | x |
| 2018-06-30 | AU$0.05 | AU$0.03 | x |
| 2019-06-30 | AU$0.08 | AU$0.03 | x |
| 2020-06-30 | AU$0.08 | AU$0.03 | x |
| 2021-06-30 | AU$0.15 | AU$0.03 | x |
| 2022-06-30 | AU$0.16 | AU$0.03 | x |
| 2023-06-30 | AU$0.17 | AU$0.03 | x |
| 2024-06-30 | AU$0.15 | AU$0.03 | x |
| 2025-06-30 | AU$0.12 | AU$0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently State GAS Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -7.70%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2933.35%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.20x
- Recent ROE (-7.70%) is below the historical average (-4.20%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 9.45% | 24.76% | 0.12x | 3.11x | AU$-1.55 Million |
| 2004 | 7.55% | 22.24% | 0.10x | 3.30x | AU$-7.19 Million |
| 2005 | 7.48% | 15.15% | 0.11x | 4.61x | AU$-5.26 Million |
| 2006 | 7.29% | 14.10% | 0.11x | 4.66x | AU$-5.62 Million |
| 2017 | -0.11% | -3563.81% | 0.00x | 1.07x | AU$-691.24K |
| 2018 | -10.99% | -2111913.36% | 0.00x | 1.13x | AU$-1.34 Million |
| 2019 | -17.50% | -2994.20% | 0.01x | 1.10x | AU$-3.12 Million |
| 2020 | -30.42% | -4202.74% | 0.01x | 1.10x | AU$-4.72 Million |
| 2021 | -11.70% | -2022.09% | 0.00x | 1.17x | AU$-5.47 Million |
| 2022 | 4.29% | 362702.70% | 0.00x | 1.08x | AU$-1.79 Million |
| 2023 | -3.25% | -2614.44% | 0.00x | 1.12x | AU$-4.85 Million |
| 2024 | -9.01% | -20855.83% | 0.00x | 1.20x | AU$-7.66 Million |
| 2025 | -7.70% | -2933.35% | 0.00x | 1.20x | AU$-7.55 Million |
Industry Comparison
This section compares State GAS Ltd's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $46,092,534
- Average return on equity (ROE) among peers: -760.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| State GAS Ltd (GAS) | AU$42.66 Million | 9.45% | 0.20x | $4.68 Million |
| 88 Energy Ltd (88E) | $148.64 Million | -22.08% | 0.00x | $22.73 Million |
| Amplitude Energy Ltd (AEL) | $49.07 Million | 11.28% | 0.11x | $454.30 Million |
| Australis Oil & Gas Ltd (ATS) | $78.08 Million | -19.61% | 0.33x | $14.34 Million |
| Bass Oil Ltd (BAS) | $6.81 Million | 3.96% | 0.67x | $9.10 Million |
| Blue Energy Ltd (BLU) | $69.67K | -2360.96% | 0.02x | $5.44 Million |
| Buru Energy Ltd (BRU) | $16.49 Million | -78.92% | 0.93x | $8.81 Million |
| Beetaloo Energy Australia Limited (BTL) | $1.97 Million | -40.48% | 0.19x | $128.43 Million |
| Cooper Energy Ltd (COE) | $125.10 Million | 1.00% | 0.09x | $277.90 Million |
| Comet Ridge Ltd (COI) | $43.52K | -5096.27% | 0.44x | $86.62 Million |
| Conrad Asia Energy Ltd (CRD) | $34.66 Million | -0.02% | 0.05x | $31.33 Million |