Hastings Technology Metals Ltd (HAS) - Net Assets
Based on the latest financial reports, Hastings Technology Metals Ltd (HAS) has net assets worth AU$85.51 Million AUD (≈ $60.50 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$222.77 Million ≈ $157.62 Million USD) and total liabilities (AU$137.26 Million ≈ $97.12 Million 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 Hastings Technology Metals Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$85.51 Million |
| % of Total Assets | 38.38% |
| Annual Growth Rate | 30.35% |
| 5-Year Change | -61.47% |
| 10-Year Change | 129.59% |
| Growth Volatility | 25284.57 |
Hastings Technology Metals Ltd - Net Assets Trend (2007–2025)
This chart illustrates how Hastings Technology Metals Ltd's net assets have evolved over time, based on quarterly financial data. See HAS defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Hastings Technology Metals Ltd (2007–2025)
The table below shows the annual net assets of Hastings Technology Metals Ltd from 2007 to 2025. For live valuation and market cap data, see Hastings Technology Metals Ltd (HAS) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$85.51 Million ≈ $60.50 Million |
-71.15% |
| 2024-06-30 | AU$296.42 Million ≈ $209.73 Million |
-5.95% |
| 2023-06-30 | AU$315.17 Million ≈ $223.00 Million |
+11.59% |
| 2022-06-30 | AU$282.43 Million ≈ $199.84 Million |
+27.26% |
| 2021-06-30 | AU$221.93 Million ≈ $157.03 Million |
+101.86% |
| 2020-06-30 | AU$109.94 Million ≈ $77.79 Million |
+110457.14% |
| 2019-06-30 | AU$99.44K ≈ $70.36K |
+45.19% |
| 2018-06-30 | AU$68.49K ≈ $48.46K |
-99.84% |
| 2017-06-30 | AU$42.02 Million ≈ $29.73 Million |
+12.81% |
| 2016-06-30 | AU$37.24 Million ≈ $26.35 Million |
+29.60% |
| 2015-06-30 | AU$28.74 Million ≈ $20.33 Million |
+36.14% |
| 2014-06-30 | AU$21.11 Million ≈ $14.94 Million |
+11.99% |
| 2013-06-30 | AU$18.85 Million ≈ $13.34 Million |
+9.13% |
| 2012-06-30 | AU$17.27 Million ≈ $12.22 Million |
+93.66% |
| 2011-06-30 | AU$8.92 Million ≈ $6.31 Million |
+13.01% |
| 2010-06-30 | AU$7.89 Million ≈ $5.58 Million |
-14.21% |
| 2009-06-30 | AU$9.20 Million ≈ $6.51 Million |
+1.26% |
| 2008-06-30 | AU$9.09 Million ≈ $6.43 Million |
+1154.84% |
| 2007-06-30 | AU$724.00K ≈ $512.28K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Hastings Technology 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 36936496000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$455.05 Million | 532.17% |
| Other Comprehensive Income | AU$-173.78K | -0.20% |
| Total Equity | AU$85.51 Million | 100.00% |
Hastings Technology Metals Ltd Competitors by Market Cap
The table below lists competitors of Hastings Technology Metals Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Prestige Wealth Inc.
NASDAQ:AURE
|
$51.07 Million |
|
Spectris PLC
LSE:SXS
|
$51.08 Million |
|
Sun Peak Metals Corp
V:PEAK
|
$51.08 Million |
|
Etherstack Plc
AU:ESK
|
$51.09 Million |
|
Sajo Oyang
KO:006090
|
$51.02 Million |
|
Banswara Syntex Limited
NSE:BANSWRAS
|
$51.01 Million |
|
Perdana Bangun Pusaka Tbk PT
JK:KONI
|
$51.01 Million |
|
Dong-A Hwa Sung Co.Ltd
KQ:041930
|
$51.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hastings Technology Metals Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 296,416,650 to 85,508,066, a change of -210,908,584 (-71.2%).
- Net loss of 222,111,639 reduced equity.
- Share repurchases of 2,771,000 reduced equity.
- Other comprehensive income increased equity by 73,651,177.
- Other factors decreased equity by 59,677,122.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-222.11 Million | -259.76% |
| Share Repurchases | AU$2.77 Million | -3.24% |
| Other Comprehensive Income | AU$73.65 Million | +86.13% |
| Other Changes | AU$-59.68 Million | -69.79% |
| Total Change | AU$- | -71.15% |
Book Value vs Market Value Analysis
This analysis compares Hastings Technology 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: 0.68x
- 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 0.94x to 0.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-06-30 | AU$0.34 | AU$0.33 | x |
| 2008-06-30 | AU$4.32 | AU$0.33 | x |
| 2009-06-30 | AU$4.18 | AU$0.33 | x |
| 2010-06-30 | AU$3.78 | AU$0.33 | x |
| 2011-06-30 | AU$3.76 | AU$0.33 | x |
| 2012-06-30 | AU$4.02 | AU$0.33 | x |
| 2013-06-30 | AU$2.49 | AU$0.33 | x |
| 2014-06-30 | AU$2.34 | AU$0.33 | x |
| 2015-06-30 | AU$1.78 | AU$0.33 | x |
| 2016-06-30 | AU$1.85 | AU$0.33 | x |
| 2017-06-30 | AU$1.66 | AU$0.33 | x |
| 2018-06-30 | AU$0.00 | AU$0.33 | x |
| 2019-06-30 | AU$0.00 | AU$0.33 | x |
| 2020-06-30 | AU$2.12 | AU$0.33 | x |
| 2021-06-30 | AU$3.33 | AU$0.33 | x |
| 2022-06-30 | AU$2.94 | AU$0.33 | x |
| 2023-06-30 | AU$2.46 | AU$0.33 | x |
| 2024-06-30 | AU$2.11 | AU$0.33 | x |
| 2025-06-30 | AU$0.48 | AU$0.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hastings Technology Metals Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -259.76%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9767.04%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 2.61x
- Recent ROE (-259.76%) is above the historical average (-544.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -0.28% | -6719.90% | 0.00x | 1.01x | AU$-934.17K |
| 2009 | 1.24% | 0.00% | 0.00x | 1.00x | AU$-805.57K |
| 2010 | -11.40% | 0.00% | 0.00x | 1.00x | AU$-1.69 Million |
| 2011 | -59.75% | 0.00% | 0.00x | 1.26x | AU$-6.22 Million |
| 2012 | -11.92% | 0.00% | 0.00x | 1.07x | AU$-3.79 Million |
| 2013 | -8.50% | 0.00% | 0.00x | 1.04x | AU$-3.49 Million |
| 2014 | -7.44% | 0.00% | 0.00x | 1.02x | AU$-3.68 Million |
| 2015 | -2.84% | -420.43% | 0.01x | 1.03x | AU$-3.69 Million |
| 2016 | -0.74% | -170.22% | 0.00x | 1.04x | AU$-4.00 Million |
| 2017 | -3.62% | -774.15% | 0.00x | 1.08x | AU$-5.72 Million |
| 2018 | -4220.75% | -1027.95% | 3.71x | 1.11x | AU$-2.90 Million |
| 2019 | -5191.81% | -2000.93% | 2.43x | 1.07x | AU$-5.17 Million |
| 2020 | -3.84% | -1863.17% | 0.00x | 1.04x | AU$-15.22 Million |
| 2021 | -2.85% | -10227713.18% | 0.00x | 1.02x | AU$-28.53 Million |
| 2022 | -3.34% | -2868.57% | 0.00x | 1.06x | AU$-37.68 Million |
| 2023 | -3.36% | -147.56% | 0.01x | 1.57x | AU$-42.10 Million |
| 2024 | -11.40% | -606.39% | 0.01x | 1.62x | AU$-63.43 Million |
| 2025 | -259.76% | -9767.04% | 0.01x | 2.61x | AU$-230.66 Million |
Industry Comparison
This section compares Hastings Technology 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: $25,261,051
- Average return on equity (ROE) among peers: -26.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hastings Technology Metals Ltd (HAS) | AU$85.51 Million | -0.28% | 1.61x | $51.02 Million |
| Morella Corporation Ltd (1MC) | $6.08 Million | 10.70% | 0.57x | $7.21 Million |
| Amaero Ltd (3DA) | $1.45 Million | -32.00% | 0.42x | $185.35 Million |
| 6K Additive Inc (6KA) | $-21.36 Million | 0.00% | 0.00x | $150.34 Million |
| Atlantic Lithium Ltd (A11) | $68.24 Million | -7.18% | 0.06x | $175.81 Million |
| African Gold Ltd (A1G) | $5.37 Million | -18.30% | 0.15x | $419.02 Million |
| Albright Metals Ltd (ABR) | $10.99 Million | -9.29% | 0.07x | $3.15 Million |
| Audalia Resources Ltd (ACP) | $6.55 Million | -38.02% | 6.45x | $14.69 Million |
| Accent Resources NL (ACS) | $1.87 Million | -166.61% | 2.43x | $13.51 Million |
| Acdc Metals Ltd (ADC) | $11.27 Million | -1.92% | 0.01x | $3.42 Million |
| Andromeda Metals Ltd (ADN) | $162.16 Million | -5.83% | 0.02x | $22.90 Million |
About Hastings Technology Metals Ltd
Hastings Technology Metals Limited, together with its subsidiaries, engages in the exploration and evaluation of mineral deposits in Australia. The company explores for rare earth, neodymium, praseodymium, and niobium minerals. Its flagship property is the 100% owned Yangibana project that consists of 22 tenements/exploration licenses and 13 mining leases covering an area of 590 square kilometers… Read more