Mount Gibson Iron Ltd (MGX) - Net Assets
Based on the latest financial reports, Mount Gibson Iron Ltd (MGX) has net assets worth AU$422.76 Million AUD (≈ $299.13 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$491.70 Million ≈ $347.91 Million USD) and total liabilities (AU$68.95 Million ≈ $48.78 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 allocation strategy of Mount Gibson Iron Ltd to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$422.76 Million |
| % of Total Assets | 85.98% |
| Annual Growth Rate | 7.85% |
| 5-Year Change | -20.7% |
| 10-Year Change | 0.9% |
| Growth Volatility | 171.18 |
Mount Gibson Iron Ltd - Net Assets Trend (1989–2026)
This chart illustrates how Mount Gibson Iron Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of Mount Gibson Iron Ltd.
Annual Net Assets for Mount Gibson Iron Ltd (1989–2026)
The table below shows the annual net assets of Mount Gibson Iron Ltd from 1989 to 2026. Also explore Mount Gibson Iron Ltd equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-06-30 | AU$422.76 Million ≈ $299.13 Million |
-6.71% |
| 2025-06-30 | AU$453.18 Million ≈ $320.65 Million |
-17.03% |
| 2024-06-30 | AU$546.17 Million ≈ $386.45 Million |
+1.29% |
| 2023-06-30 | AU$539.23 Million ≈ $381.54 Million |
+1.15% |
| 2022-06-30 | AU$533.10 Million ≈ $377.21 Million |
-25.93% |
| 2021-06-30 | AU$719.71 Million ≈ $509.24 Million |
+7.30% |
| 2020-06-30 | AU$670.73 Million ≈ $474.58 Million |
+9.45% |
| 2019-06-30 | AU$612.81 Million ≈ $433.60 Million |
+23.35% |
| 2018-06-30 | AU$496.82 Million ≈ $351.53 Million |
+18.58% |
| 2017-06-30 | AU$418.98 Million ≈ $296.46 Million |
+6.90% |
| 2016-06-30 | AU$391.94 Million ≈ $277.32 Million |
+28.26% |
| 2015-06-30 | AU$305.57 Million ≈ $216.21 Million |
-75.79% |
| 2014-06-30 | AU$1.26 Billion ≈ $892.96 Million |
+6.77% |
| 2013-06-30 | AU$1.18 Billion ≈ $836.37 Million |
-7.47% |
| 2012-06-30 | AU$1.28 Billion ≈ $903.87 Million |
+9.51% |
| 2011-06-30 | AU$1.17 Billion ≈ $825.40 Million |
+25.85% |
| 2010-06-30 | AU$926.91 Million ≈ $655.85 Million |
+18.76% |
| 2009-06-30 | AU$780.48 Million ≈ $552.24 Million |
+30.85% |
| 2008-06-30 | AU$596.49 Million ≈ $422.06 Million |
+31.30% |
| 2007-06-30 | AU$454.31 Million ≈ $321.45 Million |
+316.05% |
| 2006-06-30 | AU$109.20 Million ≈ $77.26 Million |
+23.73% |
| 2005-06-30 | AU$88.26 Million ≈ $62.45 Million |
+277.18% |
| 2004-06-30 | AU$23.40 Million ≈ $16.56 Million |
+11.69% |
| 2003-06-30 | AU$20.95 Million ≈ $14.82 Million |
+0.88% |
| 2002-06-30 | AU$20.77 Million ≈ $14.69 Million |
+939.39% |
| 2001-06-30 | AU$2.00 Million ≈ $1.41 Million |
-90.71% |
| 1998-06-30 | AU$21.51 Million ≈ $15.22 Million |
-10.61% |
| 1997-06-30 | AU$24.06 Million ≈ $17.02 Million |
-12.89% |
| 1996-06-30 | AU$27.62 Million ≈ $19.54 Million |
-10.48% |
| 1995-06-30 | AU$30.86 Million ≈ $21.83 Million |
-12.89% |
| 1994-06-30 | AU$35.42 Million ≈ $25.06 Million |
+61.03% |
| 1993-06-30 | AU$22.00 Million ≈ $15.56 Million |
+118.01% |
| 1992-06-30 | AU$10.09 Million ≈ $7.14 Million |
-17.91% |
| 1991-06-30 | AU$12.29 Million ≈ $8.70 Million |
-49.96% |
| 1990-06-30 | AU$24.57 Million ≈ $17.38 Million |
-4.66% |
| 1989-06-30 | AU$25.77 Million ≈ $18.23 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Mount Gibson Iron 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 60553.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$620.83 Million | 146.85% |
| Other Comprehensive Income | AU$926.96 Million | 219.26% |
| Total Equity | AU$422.76 Million | 100.00% |
Mount Gibson Iron Ltd Competitors by Market Cap
The table below lists competitors of Mount Gibson Iron Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MKH Bhd
KLSE:6114
|
$288.23 Million |
|
Taeyoung Engineering & Construction Co.,Ltd.
KO:009415
|
$288.28 Million |
|
INTERGRATED DIA.H DL 025
F:8I8
|
$288.34 Million |
|
BMTC Group Inc
TO:GBT
|
$288.36 Million |
|
Stove Kraft Limited
NSE:STOVEKRAFT
|
$288.12 Million |
|
Liaoning SG Automotive Group Co Ltd
SHG:600303
|
$288.09 Million |
|
CN Healthy Food Tech Group Corp.
NASDAQ:UCFI
|
$287.81 Million |
|
Taimide Tech Inc
TW:3645
|
$287.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mount Gibson Iron Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 453,176,000 to 422,758,000, a change of -30,418,000 (-6.7%).
- Net loss of 30,171,000 reduced equity.
- Other comprehensive income increased equity by 905,769,001.
- Other factors decreased equity by 906,016,001.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-30.17 Million | -7.14% |
| Other Comprehensive Income | AU$905.77 Million | +214.25% |
| Other Changes | AU$-906.02 Million | -214.31% |
| Total Change | AU$- | -6.71% |
Book Value vs Market Value Analysis
This analysis compares Mount Gibson Iron 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: 0.95x
- 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 14.91x to 0.95x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-06-30 | AU$0.02 | AU$0.35 | x |
| 1990-06-30 | AU$0.02 | AU$0.35 | x |
| 1991-06-30 | AU$0.01 | AU$0.35 | x |
| 1992-06-30 | AU$0.01 | AU$0.35 | x |
| 1993-06-30 | AU$0.02 | AU$0.35 | x |
| 1994-06-30 | AU$0.03 | AU$0.35 | x |
| 1995-06-30 | AU$0.03 | AU$0.35 | x |
| 1996-06-30 | AU$0.02 | AU$0.35 | x |
| 1997-06-30 | AU$0.02 | AU$0.35 | x |
| 1998-06-30 | AU$0.02 | AU$0.35 | x |
| 2001-06-30 | AU$0.00 | AU$0.35 | x |
| 2002-06-30 | AU$0.02 | AU$0.35 | x |
| 2003-06-30 | AU$0.02 | AU$0.35 | x |
| 2004-06-30 | AU$0.02 | AU$0.35 | x |
| 2005-06-30 | AU$0.07 | AU$0.35 | x |
| 2006-06-30 | AU$0.05 | AU$0.35 | x |
| 2007-06-30 | AU$0.21 | AU$0.35 | x |
| 2008-06-30 | AU$0.28 | AU$0.35 | x |
| 2009-06-30 | AU$0.36 | AU$0.35 | x |
| 2010-06-30 | AU$0.86 | AU$0.35 | x |
| 2011-06-30 | AU$1.08 | AU$0.35 | x |
| 2012-06-30 | AU$1.18 | AU$0.35 | x |
| 2013-06-30 | AU$1.09 | AU$0.35 | x |
| 2014-06-30 | AU$1.16 | AU$0.35 | x |
| 2015-06-30 | AU$0.28 | AU$0.35 | x |
| 2016-06-30 | AU$0.36 | AU$0.35 | x |
| 2017-06-30 | AU$0.38 | AU$0.35 | x |
| 2018-06-30 | AU$0.45 | AU$0.35 | x |
| 2019-06-30 | AU$0.55 | AU$0.35 | x |
| 2020-06-30 | AU$0.58 | AU$0.35 | x |
| 2021-06-30 | AU$0.61 | AU$0.35 | x |
| 2022-06-30 | AU$0.45 | AU$0.35 | x |
| 2023-06-30 | AU$0.45 | AU$0.35 | x |
| 2024-06-30 | AU$0.45 | AU$0.35 | x |
| 2025-06-30 | AU$0.38 | AU$0.35 | x |
| 2026-06-30 | AU$0.36 | AU$0.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mount Gibson Iron Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -7.14%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -15.16%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.16x
- Recent ROE (-7.14%) is below the historical average (-6.62%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | -0.26% | -0.15% | 0.78x | 2.22x | AU$-2.64 Million |
| 1990 | -5.66% | -3.20% | 0.72x | 2.48x | AU$-3.85 Million |
| 1991 | 5.62% | 2.75% | 0.65x | 3.16x | AU$-539.60K |
| 1992 | -0.20% | -0.08% | 1.07x | 2.36x | AU$-1.03 Million |
| 1993 | 0.54% | 0.42% | 0.75x | 1.68x | AU$-2.05 Million |
| 1994 | 0.01% | 0.01% | 0.64x | 1.49x | AU$-3.50 Million |
| 1995 | -1.09% | -0.71% | 0.87x | 1.74x | AU$-3.35 Million |
| 1996 | -12.00% | -8.30% | 0.74x | 1.96x | AU$-5.93 Million |
| 1997 | 0.25% | 0.16% | 0.74x | 2.09x | AU$-2.28 Million |
| 1998 | 0.00% | 0.00% | 0.00x | 2.02x | AU$-2.15 Million |
| 2001 | -3.00% | -27.27% | 0.10x | 1.08x | AU$-259.81K |
| 2002 | -1.93% | -31.60% | 0.05x | 1.19x | AU$-2.48 Million |
| 2003 | -58.95% | -1893.57% | 0.03x | 1.22x | AU$-14.45 Million |
| 2004 | -64.40% | -76.84% | 0.27x | 3.10x | AU$-12.69 Million |
| 2005 | 29.90% | 30.85% | 0.70x | 1.39x | AU$15.78 Million |
| 2006 | 24.10% | 31.99% | 0.51x | 1.47x | AU$13.74 Million |
| 2007 | 10.51% | 30.61% | 0.23x | 1.52x | AU$2.33 Million |
| 2008 | 19.00% | 27.69% | 0.46x | 1.50x | AU$53.69 Million |
| 2009 | 5.46% | 8.80% | 0.44x | 1.43x | AU$-35.43 Million |
| 2010 | 14.28% | 25.50% | 0.40x | 1.40x | AU$39.70 Million |
| 2011 | 20.53% | 37.01% | 0.42x | 1.33x | AU$122.85 Million |
| 2012 | 13.50% | 27.08% | 0.36x | 1.40x | AU$44.75 Million |
| 2013 | 13.31% | 18.65% | 0.54x | 1.32x | AU$39.14 Million |
| 2014 | 7.63% | 14.60% | 0.41x | 1.27x | AU$-29.85 Million |
| 2015 | -291.09% | -281.81% | 0.77x | 1.35x | AU$-920.06 Million |
| 2016 | 22.02% | 36.69% | 0.50x | 1.21x | AU$47.10 Million |
| 2017 | 6.28% | 14.41% | 0.37x | 1.18x | AU$-15.58 Million |
| 2018 | 19.95% | 39.01% | 0.43x | 1.19x | AU$49.45 Million |
| 2019 | 21.76% | 47.91% | 0.38x | 1.19x | AU$72.09 Million |
| 2020 | 12.55% | 18.48% | 0.57x | 1.20x | AU$17.13 Million |
| 2021 | 8.89% | 21.30% | 0.31x | 1.37x | AU$-7.97 Million |
| 2022 | -32.66% | -93.55% | 0.24x | 1.43x | AU$-227.43 Million |
| 2023 | 0.96% | 1.14% | 0.62x | 1.34x | AU$-48.74 Million |
| 2024 | 1.18% | 0.96% | 1.01x | 1.22x | AU$-48.19 Million |
| 2025 | -18.14% | -24.87% | 0.57x | 1.29x | AU$-127.51 Million |
| 2026 | -7.14% | -15.16% | 0.40x | 1.16x | AU$-72.45 Million |
Industry Comparison
This section compares Mount Gibson Iron Ltd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $599,512,064
- Average return on equity (ROE) among peers: -48.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mount Gibson Iron Ltd (MGX) | AU$422.76 Million | -0.26% | 0.16x | $288.15 Million |
| BCI Minerals Ltd (BCI) | $159.28 Million | -99.51% | 0.62x | $1.09 Billion |
| Bisalloy Steel Group Ltd (BIS) | $42.58 Million | 15.82% | 1.03x | $140.05 Million |
| Bluescope Steel Ltd (BSL) | $5.54 Billion | 12.93% | 0.73x | $9.18 Billion |
| Equinox Resources Ltd (EQN) | $18.76 Million | -16.82% | 0.01x | $6.61 Million |
| Equatorial Resources Ltd (EQX) | $14.21 Million | -29.50% | 0.18x | $13.02 Million |
| FENIX Resources Ltd (FEX) | $177.77 Million | 3.03% | 1.05x | $136.96 Million |
| Grange Resources Ltd (GRR) | $3.96 Million | 1.34% | 0.02x | $102.36 Million |
| GWR Group Ltd (GWR) | $31.69 Million | -14.29% | 0.02x | $34.35 Million |
| Iron Road Ltd (IRD) | $1.86 Million | -247.16% | 0.26x | $5.94 Million |
| Macro Metals Ltd (M4M) | $6.30 Million | -109.34% | 0.21x | $22.63 Million |
About Mount Gibson Iron Ltd
MGX Resources Limited, together with its subsidiaries, engages in the mining, processing, shipment, export, and sale of hematite iron ore in Australia and China. Its flagship project is the Koolan Island mine site located in the Kimberley region of Western Australia. The company is also involved in treasury management, mineral resources acquisition, and investment activities. The company was form… Read more