Lowell Resources Fund
Lowell Resources Fund is an open-ended equity mutual fund launched by Lowell Capital Limited. The fund is managed by Lowell Resources Funds Management Pty. Ltd. It invests in the public equity markets of Australia. The fund invests in the stocks of companies operating across resources sectors, involved in late-exploration, pre-development, development or production stage. It invests in the stocks… Read more
Lowell Resources Fund (LRT) - Net Assets
Latest net assets as of June 2025: AU$72.33 Million AUD
Based on the latest financial reports, Lowell Resources Fund (LRT) has net assets worth AU$72.33 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$74.74 Million) and total liabilities (AU$2.41 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$72.33 Million |
| % of Total Assets | 96.78% |
| Annual Growth Rate | 17.9% |
| 5-Year Change | 58.26% |
| 10-Year Change | N/A |
| Growth Volatility | 40.46 |
Lowell Resources Fund - Net Assets Trend (2015–2024)
This chart illustrates how Lowell Resources Fund's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Lowell Resources Fund (2015–2024)
The table below shows the annual net assets of Lowell Resources Fund from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$72.33 Million | +72.54% |
| 2023-12-31 | AU$41.92 Million | -6.29% |
| 2022-12-31 | AU$44.74 Million | +2.18% |
| 2021-12-31 | AU$43.78 Million | -4.21% |
| 2020-12-31 | AU$45.71 Million | +36.85% |
| 2019-12-31 | AU$33.40 Million | +108.27% |
| 2018-12-31 | AU$16.04 Million | -29.14% |
| 2017-12-31 | AU$22.63 Million | +19.34% |
| 2016-12-31 | AU$18.96 Million | +15.47% |
| 2015-12-31 | AU$16.42 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lowell Resources Fund'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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$72.33 Million | 100.00% |
| Total Equity | AU$72.33 Million | 100.00% |
Lowell Resources Fund Competitors by Market Cap
The table below lists competitors of Lowell Resources Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tiger Reef Inc
PINK:TGRR
|
$13.24K |
|
CHOW TAI FOOK JEWEL
BE:1CT
|
$13.24K |
|
Vintage Coffee and Beverages Limited
NSE:VINCOFE
|
$13.24K |
|
Multigestao Renda Comercial Fundo De Investimento Imobiliario - FII
SA:DRIT11
|
$13.24K |
|
Pum Yang Construction Co. Ltd.
KQ:002410
|
$13.21K |
|
PAVmed Inc. Series Z Warrant
NASDAQ:PAVMZ
|
$13.21K |
|
Record PLC
LSE:REC
|
$13.21K |
|
Acura Pharmaceuticals Inc
OTCQB:ACUR
|
$13.20K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lowell Resources Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 41,922,684 to 72,334,380, a change of 30,411,696 (72.5%).
- Net income of 22,174,431 contributed positively to equity growth.
- Dividend payments of 4,934,690 reduced retained earnings.
- Share repurchases of 458,493 reduced equity.
- New share issuances of 9,830,892 increased equity.
- Other comprehensive income decreased equity by 41,922,684.
- Other factors increased equity by 45,722,240.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$22.17 Million | +30.66% |
| Dividends Paid | AU$4.93 Million | -6.82% |
| Share Repurchases | AU$458.49K | -0.63% |
| Share Issuances | AU$9.83 Million | +13.59% |
| Other Comprehensive Income | AU$-41.92 Million | -57.96% |
| Other Changes | AU$45.72 Million | +63.21% |
| Total Change | AU$- | 72.54% |
Book Value vs Market Value Analysis
This analysis compares Lowell Resources Fund'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: 1.22x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.86x to 1.22x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | AU$0.79 | AU$2.27 | x |
| 2017-12-31 | AU$0.79 | AU$2.27 | x |
| 2018-12-31 | AU$0.57 | AU$2.27 | x |
| 2019-12-31 | AU$1.19 | AU$2.27 | x |
| 2020-12-31 | AU$1.59 | AU$2.27 | x |
| 2021-12-31 | AU$1.50 | AU$2.27 | x |
| 2022-12-31 | AU$1.52 | AU$2.27 | x |
| 2023-12-31 | AU$1.30 | AU$2.27 | x |
| 2024-12-31 | AU$1.86 | AU$2.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lowell Resources Fund 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): 30.66%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4206.59%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.03x
- Recent ROE (30.66%) is above the historical average (12.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 21.03% | 86.21% | 0.24x | 1.01x | AU$1.81 Million |
| 2016 | 19.54% | 76.96% | 0.24x | 1.07x | AU$1.81 Million |
| 2017 | 0.42% | 10.66% | 0.04x | 1.02x | AU$-2.13 Million |
| 2018 | -37.50% | 0.00% | -0.33x | 1.01x | AU$-7.60 Million |
| 2019 | 53.13% | 95.21% | 0.53x | 1.05x | AU$14.03 Million |
| 2020 | 34.81% | 91.43% | 0.34x | 1.12x | AU$11.04 Million |
| 2021 | 1.28% | 24.38% | 0.05x | 1.08x | AU$-3.80 Million |
| 2022 | 0.13% | 3.67% | 0.03x | 1.06x | AU$-4.37 Million |
| 2023 | 3.51% | 47.07% | 0.07x | 1.13x | AU$-2.72 Million |
| 2024 | 30.66% | 4206.59% | 0.01x | 1.03x | AU$14.94 Million |
Industry Comparison
This section compares Lowell Resources Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $589,126,514
- Average return on equity (ROE) among peers: -25.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lowell Resources Fund (LRT) | AU$72.33 Million | 21.03% | 0.03x | $13.22K |
| Acorn Capital Investment Fund Ltd (ACQ) | $52.17 Million | 4.80% | 0.04x | $5.49K |
| Australian Ethical Investment Ltd (AEF) | $20.82 Million | 45.43% | 0.62x | $241.24 Million |
| Australian Foundation Investment Company Ltd (AFI) | $3.98 Billion | 4.62% | 0.15x | $5.08 Billion |
| Alternative Investment Trust (AIQ) | $281.69 Million | 15.05% | 0.96x | $8.06K |
| Argo Global Listed Infrastructure Ltd (ALI) | $320.48 Million | -2.91% | 0.03x | $13.82K |
| Amcil Ltd (AMH) | $128.23 Million | 0.00% | 0.02x | $137.06 Million |
| Associate Global Partners Ltd (APL) | $6.41 Million | -310.27% | 0.73x | $1.95 Million |
| Ariadne Australia Ltd (ARA) | $59.71 Million | 8.64% | 0.74x | $17.16 Million |
| ARC Funds Ltd (ARC) | $2.90 Million | -21.10% | 0.01x | $1.21 Million |
| Australian United Investment Company Ltd (AUI) | $1.04 Billion | 5.35% | 0.27x | $395.51 Million |