MAC Copper Ltd (MAC) - Net Assets
Based on the latest financial reports, MAC Copper Ltd (MAC) has net assets worth AU$479.80 Million AUD (≈ $339.49 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$1.35 Billion ≈ $955.09 Million USD) and total liabilities (AU$870.02 Million ≈ $615.60 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 asset resilience ratio of MAC Copper Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$479.80 Million |
| % of Total Assets | 35.55% |
| Annual Growth Rate | 418.45% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 351.35 |
MAC Copper Ltd - Net Assets Trend (2021–2024)
This chart illustrates how MAC Copper Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of MAC Copper Ltd for the complete picture of this company's asset base.
Annual Net Assets for MAC Copper Ltd (2021–2024)
The table below shows the annual net assets of MAC Copper Ltd from 2021 to 2024. For live valuation and market cap data, see MAC market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$566.96 Million ≈ $401.16 Million |
+111.53% |
| 2023-12-31 | AU$268.03 Million ≈ $189.65 Million |
+1442.75% |
| 2022-12-31 | AU$-19.96 Million ≈ $-14.12 Million |
-591.17% |
| 2021-12-31 | AU$4.06 Million ≈ $2.88 Million |
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Equity Component Analysis
This analysis shows how different components contribute to MAC Copper 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 5935.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$8.00K | 0.00% |
| Other Comprehensive Income | AU$1.21 Million | 0.21% |
| Other Components | AU$801.45 Million | 141.36% |
| Total Equity | AU$566.96 Million | 100.00% |
MAC Copper Ltd Competitors by Market Cap
The table below lists competitors of MAC Copper Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xinya Electronic Co Ltd
SHG:605277
|
$1.08 Billion |
|
Shenzhen Laibao High-Technology Co Ltd
SHE:002106
|
$1.08 Billion |
|
Allient Inc.
NASDAQ:ALNT
|
$1.08 Billion |
|
Guilin Seamild Foods Co Ltd
SHE:002956
|
$1.08 Billion |
|
Virtus Investment Partners, Inc.
NASDAQ:VRTS
|
$1.08 Billion |
|
Arendals Fossekompani ASA
OL:AFK
|
$1.08 Billion |
|
Septerna, Inc. Common Stock
NASDAQ:SEPN
|
$1.08 Billion |
|
MillerKnoll Inc
NASDAQ:MLKN
|
$1.08 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MAC Copper Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 268,027,000 to 566,959,000, a change of 298,932,000 (111.5%).
- Net loss of 81,687,000 reduced equity.
- Share repurchases of 302,668,000 reduced equity.
- New share issuances of 302,668,000 increased equity.
- Other factors increased equity by 380,619,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-81.69 Million | -14.41% |
| Share Repurchases | AU$302.67 Million | -53.38% |
| Share Issuances | AU$302.67 Million | +53.38% |
| Other Changes | AU$380.62 Million | +67.13% |
| Total Change | AU$- | 111.53% |
Book Value vs Market Value Analysis
This analysis compares MAC Copper 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: 1.27x
- 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 151.04x to 1.27x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | AU$0.12 | AU$18.52 | x |
| 2022-12-31 | AU$-1.29 | AU$18.52 | x |
| 2023-12-31 | AU$6.92 | AU$18.52 | x |
| 2024-12-31 | AU$14.63 | AU$18.52 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MAC Copper Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -14.41%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -23.97%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 2.48x
- Recent ROE (-14.41%) is above the historical average (-22.78%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-22.97 Million |
| 2023 | -53.93% | -90.92% | 0.12x | 4.87x | AU$-171.36 Million |
| 2024 | -14.41% | -23.97% | 0.24x | 2.48x | AU$-138.38 Million |
Industry Comparison
This section compares MAC Copper Ltd's net assets metrics with peer companies in the Copper industry.
Industry Context
- Industry: Copper
- Average net assets among peers: $45,028,213
- Average return on equity (ROE) among peers: -2650.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MAC Copper Ltd (MAC) | AU$479.80 Million | 0.00% | 1.81x | $1.08 Billion |
| Alma Metals Ltd (ALM) | $16.89 Million | -12.58% | 0.09x | $18.98 Million |
| Austral Resources Australia Ltd (AR1) | $328.25K | -174.71% | 0.46x | $91.35 Million |
| Culpeo Minerals Ltd (CPO) | $9.59 Million | -18.91% | -0.04x | $6.74 Million |
| Caravel Minerals Ltd (CVV) | $3.77K | -23646.44% | 0.07x | $98.84 Million |
| Cyprium Metals Ltd (CYM) | $2.51 Million | 0.72% | 0.35x | $147.25 Million |
| Greenx Metals Ltd (GRX) | $14.20 Million | 11.41% | 0.01x | $200.46 Million |
| Hot Chili Ltd (HCH) | $95.39 Million | -9.96% | 0.12x | $245.60 Million |
| Hillgrove Resources Ltd (HGO) | $240.25 Million | 1.72% | 0.27x | $94.21 Million |
| Kincora Copper Ltd (KCC) | $26.10 Million | -4.60% | 0.03x | $30.86 Million |
About MAC Copper Ltd
MAC Copper Limited focuses on operating and acquiring metals and mining businesses in Australia. It operates the Cornish, Scottish and Australian underground copper mine in Cobar, Australia. The company was formerly known as Metals Acquisition Limited and changed its name to MAC Copper Limited in December 2024. MAC Copper Limited was incorporated in 2022 and is headquartered in Saint Helier, Jers… Read more