Miramar Resources Ltd (M2R) - Net Assets
Based on the latest financial reports, Miramar Resources Ltd (M2R) has net assets worth AU$10.41 Million AUD (≈ $7.37 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$11.25 Million ≈ $7.96 Million USD) and total liabilities (AU$835.67K ≈ $591.29K 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 Miramar Resources Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$10.41 Million |
| % of Total Assets | 92.57% |
| Annual Growth Rate | 103.29% |
| 5-Year Change | 33.25% |
| 10-Year Change | N/A |
| Growth Volatility | 1000.56 |
Miramar Resources Ltd - Net Assets Trend (2019–2024)
This chart illustrates how Miramar Resources Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Miramar Resources Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Miramar Resources Ltd (2019–2024)
The table below shows the annual net assets of Miramar Resources Ltd from 2019 to 2024. For live valuation and market cap data, see Miramar Resources Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$10.41 Million ≈ $7.37 Million |
+16.12% |
| 2023-12-31 | AU$8.96 Million ≈ $6.34 Million |
+1.99% |
| 2022-12-31 | AU$8.79 Million ≈ $6.22 Million |
-2.00% |
| 2021-12-31 | AU$8.97 Million ≈ $6.35 Million |
+14.81% |
| 2020-12-31 | AU$7.81 Million ≈ $5.53 Million |
+2509.06% |
| 2019-12-31 | AU$299.42K ≈ $211.86K |
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Equity Component Analysis
This analysis shows how different components contribute to Miramar 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 591802900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$16.09 Million | 154.59% |
| Other Comprehensive Income | AU$424.55K | 4.08% |
| Total Equity | AU$10.41 Million | 100.00% |
Miramar Resources Ltd Competitors by Market Cap
The table below lists competitors of Miramar Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CAP-EX IRON ORE
F:X0V
|
$2.14 Million |
|
Moab Minerals Ltd
AU:MOM
|
$2.14 Million |
|
British Smaller Companies Vct 2 Plc
LSE:BSC
|
$2.14 Million |
|
Knosys Ltd
AU:KNO
|
$2.14 Million |
|
MACDONALD MNS EXPL. A
F:3M7
|
$2.14 Million |
|
Solar Alliance Energy Inc
V:SOLR
|
$2.14 Million |
|
OurLiving AB
ST:OURLIV
|
$2.13 Million |
|
QVC Group Inc
NASDAQ:QVCGA
|
$2.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Miramar Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,964,664 to 10,409,886, a change of 1,445,222 (16.1%).
- Net loss of 1,635,306 reduced equity.
- Share repurchases of 3,379,120 reduced equity.
- Other comprehensive income decreased equity by 519,525.
- Other factors increased equity by 6,979,173.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-1.64 Million | -15.71% |
| Share Repurchases | AU$3.38 Million | -32.46% |
| Other Comprehensive Income | AU$-519.52K | -4.99% |
| Other Changes | AU$6.98 Million | +67.04% |
| Total Change | AU$- | 16.12% |
Book Value vs Market Value Analysis
This analysis compares Miramar 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: 0.10x
- 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 0.10x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | AU$3.04 | AU$0.00 | x |
| 2020-12-31 | AU$0.17 | AU$0.00 | x |
| 2021-12-31 | AU$0.15 | AU$0.00 | x |
| 2022-12-31 | AU$0.12 | AU$0.00 | x |
| 2023-12-31 | AU$0.06 | AU$0.00 | x |
| 2024-12-31 | AU$0.02 | AU$0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Miramar Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -15.71%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -19537.71%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.08x
- Recent ROE (-15.71%) is above the historical average (-24.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -63.29% | 0.00% | 0.00x | 1.10x | AU$-219.46K |
| 2020 | -13.06% | -679.94% | 0.02x | 1.09x | AU$-1.80 Million |
| 2021 | -15.33% | -16647.33% | 0.00x | 1.06x | AU$-2.27 Million |
| 2022 | -15.81% | -12614.39% | 0.00x | 1.04x | AU$-2.27 Million |
| 2023 | -21.26% | -20872.92% | 0.00x | 1.04x | AU$-2.80 Million |
| 2024 | -15.71% | -19537.71% | 0.00x | 1.08x | AU$-2.68 Million |
Industry Comparison
This section compares Miramar Resources 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: $5,711,623
- Average return on equity (ROE) among peers: -27.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Miramar Resources Ltd (M2R) | AU$10.41 Million | -63.29% | 0.08x | $2.14 Million |
| Morella Corporation Ltd (1MC) | $16.53 Million | -35.29% | 0.29x | $8.08 Million |
| Amaero Ltd (3DA) | $29.43 Million | -63.84% | 0.70x | $252.75 Million |
| 6K Additive Inc (6KA) | $-42.72 Million | 0.00% | 0.00x | $160.74 Million |
| Atlantic Lithium Ltd (A11) | $789.39K | -143.95% | 0.47x | $151.02 Million |
| African Gold Ltd (A1G) | $11.13 Million | -22.75% | 0.07x | $419.02 Million |
| Albright Metals Ltd (ABR) | $10.99 Million | -9.29% | 0.07x | $3.68 Million |
| Audalia Resources Ltd (ACP) | $4.75 Million | -16.80% | 1.00x | $14.72 Million |
| Accent Resources NL (ACS) | $4.38 Million | -14.12% | 0.03x | $16.28 Million |
| Acdc Metals Ltd (ADC) | $10.58 Million | -4.74% | 0.03x | $3.13 Million |
| Andromeda Metals Ltd (ADN) | $11.27 Million | 35.85% | 0.04x | $26.17 Million |
About Miramar Resources Ltd
Miramar Resources Limited engages in the exploration and evaluation of mining tenements in Australia. It primarily explores for gold, nickel, copper, cobalt, and platinum group element deposits. The company's flagship project is the Gidji JV Project located within the Eastern Goldfields region near Kalgoorlie in Western Australia. Miramar Resources Limited was incorporated in 2019 and is based in… Read more