Lycaon Resources Ltd
Solara Minerals Ltd operates as a mineral exploration company in Australia. It primarily explores for gold, nickel, copper, cobalt, Niobium, Lithium, iron oxide, and platinum group elements. Solara Minerals Ltd was formerly known as Lycaon Resources Limited and changed its name to Solara Minerals Ltd in March, 2025. Solara Minerals Ltd was incorporated in 2021 and is based in Perth, Australia.
Lycaon Resources Ltd (LYN) - Net Assets
Latest net assets as of June 2024: AU$7.11 Million AUD
Based on the latest financial reports, Lycaon Resources Ltd (LYN) has net assets worth AU$7.11 Million AUD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$7.21 Million) and total liabilities (AU$97.12K). 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$7.11 Million |
| % of Total Assets | 98.65% |
| Annual Growth Rate | 13.92% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 45.88 |
Lycaon Resources Ltd - Net Assets Trend (2021–2024)
This chart illustrates how Lycaon 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 Lycaon Resources Ltd (2021–2024)
The table below shows the annual net assets of Lycaon Resources Ltd from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | AU$7.11 Million | +82.38% |
| 2023-06-30 | AU$3.90 Million | -29.10% |
| 2022-06-30 | AU$5.50 Million | +14.35% |
| 2021-06-30 | AU$4.81 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lycaon 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 329989800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$9.70 Million | 136.41% |
| Other Comprehensive Income | AU$784.88K | 11.03% |
| Total Equity | AU$7.11 Million | 100.00% |
Lycaon Resources Ltd Competitors by Market Cap
The table below lists competitors of Lycaon Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CARLO GAVAZZI
BE:D9N
|
$2.44 Million |
|
TURA GROUP AB
F:8WO
|
$2.44 Million |
|
JATCORP LTD.
F:3J2
|
$2.44 Million |
|
Saigon General Service Corp
VN:SVC
|
$2.44 Million |
|
Green Earth Group N.V.
AS:HWK
|
$2.44 Million |
|
Boardwalktech Software Corp
OTCQB:BWLKF
|
$2.44 Million |
|
OSI SYSTEMS (OS2.SG)
STU:OS2
|
$2.44 Million |
|
Conquest Resources Limited
PINK:CQRLF
|
$2.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lycaon Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,900,258 to 7,113,457, a change of 3,213,199 (82.4%).
- Net loss of 776,679 reduced equity.
- Share repurchases of 287,080 reduced equity.
- New share issuances of 4,000,000 increased equity.
- Other comprehensive income increased equity by 327,918.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-776.68K | -10.92% |
| Share Repurchases | AU$287.08K | -4.04% |
| Share Issuances | AU$4.00 Million | +56.23% |
| Other Comprehensive Income | AU$327.92K | +4.61% |
| Other Changes | AU$-50.96K | -0.72% |
| Total Change | AU$- | 82.38% |
Book Value vs Market Value Analysis
This analysis compares Lycaon 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: 0.75x
- 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 0.86x to 0.75x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-06-30 | AU$0.14 | AU$0.12 | x |
| 2022-06-30 | AU$0.22 | AU$0.12 | x |
| 2023-06-30 | AU$0.11 | AU$0.12 | x |
| 2024-06-30 | AU$0.16 | AU$0.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lycaon Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -10.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.01x
- Recent ROE (-10.92%) is above the historical average (-17.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -3.40% | -1363558.33% | 0.00x | 1.00x | AU$-644.74K |
| 2022 | -15.15% | 0.00% | 0.00x | 1.02x | AU$-1.38 Million |
| 2023 | -41.05% | 0.00% | 0.00x | 1.08x | AU$-1.99 Million |
| 2024 | -10.92% | 0.00% | 0.00x | 1.01x | AU$-1.49 Million |
Industry Comparison
This section compares Lycaon 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 |
|---|---|---|---|---|
| Lycaon Resources Ltd (LYN) | AU$7.11 Million | -3.40% | 0.01x | $2.44 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 |