Gullewa Ltd (GUL) - Net Assets
Based on the latest financial reports, Gullewa Ltd (GUL) has net assets worth AU$21.90 Million AUD (≈ $15.50 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$23.05 Million ≈ $16.31 Million USD) and total liabilities (AU$1.15 Million ≈ $811.05K 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 GUL goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$21.90 Million |
| % of Total Assets | 95.03% |
| Annual Growth Rate | 10.04% |
| 5-Year Change | 63.58% |
| 10-Year Change | 364.55% |
| Growth Volatility | 57.29 |
Gullewa Ltd - Net Assets Trend (1989–2025)
This chart illustrates how Gullewa Ltd's net assets have evolved over time, based on quarterly financial data. See GUL cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Gullewa Ltd (1989–2025)
The table below shows the annual net assets of Gullewa Ltd from 1989 to 2025. For live valuation and market cap data, see Gullewa Ltd (GUL) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$21.08 Million ≈ $14.91 Million |
+8.75% |
| 2024-06-30 | AU$19.38 Million ≈ $13.71 Million |
+15.49% |
| 2023-06-30 | AU$16.78 Million ≈ $11.87 Million |
+12.93% |
| 2022-06-30 | AU$14.86 Million ≈ $10.52 Million |
+15.33% |
| 2021-06-30 | AU$12.89 Million ≈ $9.12 Million |
+21.78% |
| 2020-06-30 | AU$10.58 Million ≈ $7.49 Million |
+29.87% |
| 2019-06-30 | AU$8.15 Million ≈ $5.76 Million |
+19.40% |
| 2018-06-30 | AU$6.82 Million ≈ $4.83 Million |
+21.33% |
| 2017-06-30 | AU$5.62 Million ≈ $3.98 Million |
+23.95% |
| 2016-06-30 | AU$4.54 Million ≈ $3.21 Million |
-44.72% |
| 2015-06-30 | AU$8.21 Million ≈ $5.81 Million |
-13.71% |
| 2014-06-30 | AU$9.51 Million ≈ $6.73 Million |
-21.87% |
| 2013-06-30 | AU$12.18 Million ≈ $8.62 Million |
-19.76% |
| 2012-06-30 | AU$15.17 Million ≈ $10.74 Million |
+42.12% |
| 2011-06-30 | AU$10.68 Million ≈ $7.55 Million |
-13.47% |
| 2010-06-30 | AU$12.34 Million ≈ $8.73 Million |
+0.33% |
| 2009-06-30 | AU$12.30 Million ≈ $8.70 Million |
+0.27% |
| 2008-06-30 | AU$12.26 Million ≈ $8.68 Million |
-17.10% |
| 2007-06-30 | AU$14.79 Million ≈ $10.47 Million |
+121.05% |
| 2006-06-30 | AU$6.69 Million ≈ $4.74 Million |
+95.11% |
| 2005-06-30 | AU$3.43 Million ≈ $2.43 Million |
-14.70% |
| 2004-06-30 | AU$4.02 Million ≈ $2.85 Million |
+100.72% |
| 2003-06-30 | AU$2.00 Million ≈ $1.42 Million |
-5.24% |
| 2002-06-30 | AU$2.11 Million ≈ $1.50 Million |
-29.93% |
| 2001-06-30 | AU$3.02 Million ≈ $2.13 Million |
-14.33% |
| 2000-06-30 | AU$3.52 Million ≈ $2.49 Million |
+82.34% |
| 1999-06-30 | AU$1.93 Million ≈ $1.37 Million |
-73.39% |
| 1998-06-30 | AU$7.26 Million ≈ $5.14 Million |
-47.95% |
| 1997-06-30 | AU$13.95 Million ≈ $9.87 Million |
+52.34% |
| 1996-06-30 | AU$9.15 Million ≈ $6.48 Million |
-15.07% |
| 1995-06-30 | AU$10.78 Million ≈ $7.63 Million |
-14.99% |
| 1994-06-30 | AU$12.68 Million ≈ $8.97 Million |
+137.50% |
| 1993-06-30 | AU$5.34 Million ≈ $3.78 Million |
+87.27% |
| 1992-06-30 | AU$2.85 Million ≈ $2.02 Million |
+76.97% |
| 1991-06-30 | AU$1.61 Million ≈ $1.14 Million |
-21.26% |
| 1990-06-30 | AU$2.05 Million ≈ $1.45 Million |
+203.56% |
| 1989-06-30 | AU$674.00K ≈ $476.90K |
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Equity Component Analysis
This analysis shows how different components contribute to Gullewa 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 102672900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$23.04 Million | 113.52% |
| Other Comprehensive Income | AU$2.85 Million | 14.03% |
| Total Equity | AU$20.30 Million | 100.00% |
Gullewa Ltd Competitors by Market Cap
The table below lists competitors of Gullewa Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Spolytech Co. Ltd
KQ:050760
|
$11.89 Million |
|
Lovable Lingerie Limited
NSE:LOVABLE
|
$11.89 Million |
|
Wise Group AB
ST:WISE
|
$11.89 Million |
|
Aterian Inc
NASDAQ:ATER
|
$11.91 Million |
|
New Era Helium Inc Common Stock
NASDAQ:NEHC
|
$11.87 Million |
|
Quantum Software SA
WAR:QNT
|
$11.87 Million |
|
Armlogi Holding Corp. Common Stock
NASDAQ:BTOC
|
$11.87 Million |
|
Just Group plc
LSE:JUST
|
$11.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gullewa Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 19,452,140 to 20,297,699, a change of 845,559 (4.3%).
- Net income of 1,941,804 contributed positively to equity growth.
- Dividend payments of 1,526,154 reduced retained earnings.
- Share repurchases of 113,811 reduced equity.
- Other comprehensive income increased equity by 18,720.
- Other factors increased equity by 525,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$1.94 Million | +9.57% |
| Dividends Paid | AU$1.53 Million | -7.52% |
| Share Repurchases | AU$113.81K | -0.56% |
| Other Comprehensive Income | AU$18.72K | +0.09% |
| Other Changes | AU$525.00K | +2.59% |
| Total Change | AU$- | 4.35% |
Book Value vs Market Value Analysis
This analysis compares Gullewa 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: 0.99x
- 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 decreased from 18.52x to 0.99x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-06-30 | AU$0.00 | AU$0.08 | x |
| 1990-06-30 | AU$0.01 | AU$0.08 | x |
| 1991-06-30 | AU$0.01 | AU$0.08 | x |
| 1992-06-30 | AU$0.03 | AU$0.08 | x |
| 1993-06-30 | AU$0.05 | AU$0.08 | x |
| 1994-06-30 | AU$0.12 | AU$0.08 | x |
| 1995-06-30 | AU$0.10 | AU$0.08 | x |
| 1996-06-30 | AU$0.08 | AU$0.08 | x |
| 1997-06-30 | AU$0.10 | AU$0.08 | x |
| 1998-06-30 | AU$0.12 | AU$0.08 | x |
| 1999-06-30 | AU$0.03 | AU$0.08 | x |
| 2000-06-30 | AU$0.03 | AU$0.08 | x |
| 2001-06-30 | AU$0.03 | AU$0.08 | x |
| 2002-06-30 | AU$0.02 | AU$0.08 | x |
| 2003-06-30 | AU$0.02 | AU$0.08 | x |
| 2004-06-30 | AU$0.03 | AU$0.08 | x |
| 2005-06-30 | AU$0.03 | AU$0.08 | x |
| 2006-06-30 | AU$0.05 | AU$0.08 | x |
| 2007-06-30 | AU$0.11 | AU$0.08 | x |
| 2008-06-30 | AU$0.09 | AU$0.08 | x |
| 2009-06-30 | AU$0.10 | AU$0.08 | x |
| 2010-06-30 | AU$0.09 | AU$0.08 | x |
| 2011-06-30 | AU$0.08 | AU$0.08 | x |
| 2012-06-30 | AU$0.09 | AU$0.08 | x |
| 2013-06-30 | AU$0.07 | AU$0.08 | x |
| 2014-06-30 | AU$0.05 | AU$0.08 | x |
| 2015-06-30 | AU$0.05 | AU$0.08 | x |
| 2016-06-30 | AU$0.03 | AU$0.08 | x |
| 2017-06-30 | AU$0.04 | AU$0.08 | x |
| 2018-06-30 | AU$0.05 | AU$0.08 | x |
| 2019-06-30 | AU$0.05 | AU$0.08 | x |
| 2020-06-30 | AU$0.07 | AU$0.08 | x |
| 2021-06-30 | AU$0.07 | AU$0.08 | x |
| 2022-06-30 | AU$0.06 | AU$0.08 | x |
| 2023-06-30 | AU$0.07 | AU$0.08 | x |
| 2024-06-30 | AU$0.07 | AU$0.08 | x |
| 2025-06-30 | AU$0.08 | AU$0.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gullewa Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.57%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 40.22%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.09x
- Recent ROE (9.57%) is above the historical average (-20.24%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | -83.09% | 0.00% | 0.00x | 1.36x | AU$-627.40K |
| 1991 | -7.64% | 0.00% | 0.00x | 1.29x | AU$-284.10K |
| 1997 | -33.36% | 0.00% | 0.00x | 1.05x | AU$-6.05 Million |
| 1998 | -93.57% | 0.00% | 0.00x | 1.04x | AU$-7.52 Million |
| 1999 | -275.79% | 0.00% | 0.00x | 1.17x | AU$-5.52 Million |
| 2000 | -28.99% | 0.00% | 0.00x | 1.14x | AU$-1.37 Million |
| 2001 | -16.72% | -41.70% | 0.37x | 1.07x | AU$-806.32K |
| 2002 | -42.71% | -13536.20% | 0.00x | 1.05x | AU$-1.11 Million |
| 2003 | -11.58% | -24293.19% | 0.00x | 1.09x | AU$-432.35K |
| 2004 | -12.80% | -24873.82% | 0.00x | 1.03x | AU$-917.01K |
| 2005 | -9.82% | -606.34% | 0.01x | 1.12x | AU$-679.76K |
| 2006 | 19.04% | 81.25% | 0.20x | 1.18x | AU$604.72K |
| 2007 | 36.66% | 66.24% | 0.38x | 1.44x | AU$3.94 Million |
| 2008 | 21.14% | 345733.33% | 0.00x | 1.13x | AU$1.37 Million |
| 2009 | 0.27% | 6.28% | 0.04x | 1.02x | AU$-1.20 Million |
| 2010 | -6.24% | -81.95% | 0.07x | 1.03x | AU$-1.99 Million |
| 2011 | -18.14% | -8472.28% | 0.00x | 1.14x | AU$-3.00 Million |
| 2012 | -31.92% | -18468.63% | 0.00x | 1.34x | AU$-5.31 Million |
| 2013 | -27.61% | -13166.20% | 0.00x | 1.29x | AU$-3.81 Million |
| 2014 | -32.01% | -8606896.55% | 0.00x | 1.32x | AU$-3.28 Million |
| 2015 | -13.51% | -374.89% | 0.03x | 1.29x | AU$-1.61 Million |
| 2016 | -52.41% | -1564.74% | 0.03x | 1.09x | AU$-2.82 Million |
| 2017 | -5.04% | -23.98% | 0.21x | 1.00x | AU$-859.46K |
| 2018 | 15.71% | 58.53% | 0.27x | 0.99x | AU$395.56K |
| 2019 | 12.47% | 56.17% | 0.22x | 1.00x | AU$204.13K |
| 2020 | 19.63% | 82.72% | 0.24x | 1.00x | AU$1.03 Million |
| 2021 | 11.06% | 45.23% | 0.23x | 1.06x | AU$137.29K |
| 2022 | 9.56% | 35.55% | 0.25x | 1.08x | AU$-66.29K |
| 2023 | 9.08% | 40.31% | 0.22x | 1.02x | AU$-155.40K |
| 2024 | 11.28% | 44.43% | 0.25x | 1.02x | AU$248.79K |
| 2025 | 9.57% | 40.22% | 0.22x | 1.09x | AU$-87.97K |
Industry Comparison
This section compares Gullewa Ltd's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $7,975,589
- Average return on equity (ROE) among peers: -44.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gullewa Ltd (GUL) | AU$21.90 Million | -83.09% | 0.05x | $11.88 Million |
| Australasian Metals Ltd (A8G) | $157.85K | -276.65% | 0.40x | $4.98 Million |
| Ariana Resources Plc (AA2) | $27.06 Million | 14.89% | 0.03x | $54.60 Million |
| Aruma Resources Ltd (AAJ) | $2.79 Million | -55.76% | 0.06x | $5.71 Million |
| Astral Resources NL (AAR) | $11.28 Million | 49.48% | 0.09x | $159.29 Million |
| Antilles Gold Ltd (AAU) | $-103.00K | 0.00% | 0.00x | $13.92 Million |
| Adelong Gold Ltd (ADG) | $1.94 Million | 30.79% | 0.03x | $9.43 Million |
| Ardiden Ltd (ADV) | $584.29K | -162.76% | 3.75x | $52.46 Million |
| Australian Gold and Copper Ltd (AGC) | $18.99 Million | -0.02% | 0.00x | $24.77 Million |
| Ark Mines Ltd (AHK) | $924.97K | -44.34% | 0.19x | $15.61 Million |
| Alkane Resources Ltd (ALK) | $16.14 Million | 0.00% | 0.09x | $1.55 Billion |
About Gullewa Ltd
Gullewa Limited engages in the exploration, evaluation, and mining of mineral properties in Australia. The company operates in three segments: Exploration and Evaluation; Property Holding; and Investments. It explores for gold and base metal deposits. The company is also involved in land subdivision activity; acquires investment properties for development; and invests in shares of listed and unli… Read more