Mako Gold Ltd
Mako Gold Limited engages in the acquisition, exploration, and development of gold tenements in Africa. The company's flagship property is the Napié gold project covering an area of approximately 224 square kilometers located in the north-central Côte d'Ivoire within the Daloa greenstone belt, West Africa. Mako Gold Limited was incorporated in 2015 and is based in Subiaco, Australia.
Mako Gold Ltd (MKG) - Net Assets
Latest net assets as of June 2024: AU$35.52 Million AUD
Based on the latest financial reports, Mako Gold Ltd (MKG) has net assets worth AU$35.52 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$36.14 Million) and total liabilities (AU$618.32K). 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$35.52 Million |
| % of Total Assets | 98.29% |
| Annual Growth Rate | N/A |
| 5-Year Change | 439.86% |
| 10-Year Change | N/A |
| Growth Volatility | 39584.2 |
Mako Gold Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Mako Gold 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 Mako Gold Ltd (2016–2024)
The table below shows the annual net assets of Mako Gold Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | AU$35.52 Million | +10.13% |
| 2023-06-30 | AU$32.26 Million | +23.38% |
| 2022-06-30 | AU$26.14 Million | +47.05% |
| 2021-06-30 | AU$17.78 Million | +170.19% |
| 2020-06-30 | AU$6.58 Million | +113145.99% |
| 2019-06-30 | AU$5.81K | -1.36% |
| 2018-06-30 | AU$5.89K | -99.90% |
| 2017-06-30 | AU$6.16 Million | +23492.62% |
| 2016-06-30 | AU$-26.34K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mako Gold 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 925853700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$42.88 Million | 120.72% |
| Other Comprehensive Income | AU$1.93 Million | 5.42% |
| Total Equity | AU$35.52 Million | 100.00% |
Mako Gold Ltd Competitors by Market Cap
The table below lists competitors of Mako Gold Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Biomotion Sciences Ordinary Shares
NASDAQ:SLXN
|
$4.67 Million |
|
Catcha Digital Bhd
KLSE:0173
|
$4.68 Million |
|
Vynleads Inc
OTCQB:VYND
|
$4.68 Million |
|
State GAS Ltd
AU:GAS
|
$4.68 Million |
|
LogProstyle Inc.
NYSE MKT:LGPS
|
$4.67 Million |
|
JX Luxventure Limited
NASDAQ:JXJT
|
$4.67 Million |
|
Volcanic Gold Mines Inc
PINK:VLMZF
|
$4.67 Million |
|
Treasure ASA
OL:TRE
|
$4.67 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mako Gold Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 32,256,507 to 35,522,943, a change of 3,266,436 (10.1%).
- Net loss of 1,243,092 reduced equity.
- Share repurchases of 140,001 reduced equity.
- New share issuances of 4,000,000 increased equity.
- Other comprehensive income increased equity by 118,824.
- Other factors increased equity by 530,705.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-1.24 Million | -3.5% |
| Share Repurchases | AU$140.00K | -0.39% |
| Share Issuances | AU$4.00 Million | +11.26% |
| Other Comprehensive Income | AU$118.82K | +0.33% |
| Other Changes | AU$530.71K | +1.49% |
| Total Change | AU$- | 10.13% |
Book Value vs Market Value Analysis
This analysis compares Mako Gold 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: 0.23x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-06-30 | AU$0.00 | AU$0.01 | x |
| 2017-06-30 | AU$0.10 | AU$0.01 | x |
| 2018-06-30 | AU$0.00 | AU$0.01 | x |
| 2019-06-30 | AU$0.00 | AU$0.01 | x |
| 2020-06-30 | AU$0.07 | AU$0.01 | x |
| 2021-06-30 | AU$0.08 | AU$0.01 | x |
| 2022-06-30 | AU$0.07 | AU$0.01 | x |
| 2023-06-30 | AU$0.07 | AU$0.01 | x |
| 2024-06-30 | AU$0.05 | AU$0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mako Gold Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.02x
- Recent ROE (-3.50%) is above the historical average (-3413.30%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-23.76K |
| 2017 | -1.02% | 0.00% | 0.00x | 1.02x | AU$-679.13K |
| 2018 | -11437.93% | -11799.72% | 0.84x | 1.16x | AU$-674.35K |
| 2019 | -19233.39% | -11130.87% | 1.52x | 1.14x | AU$-1.12 Million |
| 2020 | -25.11% | -2552.92% | 0.01x | 1.08x | AU$-2.31 Million |
| 2021 | -8.37% | -53913.91% | 0.00x | 1.11x | AU$-3.27 Million |
| 2022 | -5.49% | -88527.35% | 0.00x | 1.08x | AU$-4.05 Million |
| 2023 | -4.89% | -8703.44% | 0.00x | 1.06x | AU$-4.80 Million |
| 2024 | -3.50% | 0.00% | 0.00x | 1.02x | AU$-4.80 Million |
Industry Comparison
This section compares Mako Gold Ltd's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $23,959,302
- Average return on equity (ROE) among peers: -1270.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mako Gold Ltd (MKG) | AU$35.52 Million | 0.00% | 0.02x | $4.67 Million |
| Australasian Metals Ltd (A8G) | $5.85 Million | -16.53% | 0.05x | $1.25 Million |
| Ariana Resources Plc (AA2) | $21.37 Million | -1.02% | 0.03x | $43.13 Million |
| Aruma Resources Ltd (AAJ) | $1.10 Million | -25.68% | 0.39x | $2.13 Million |
| Astral Resources NL (AAR) | $4.81K | -12574.39% | 0.18x | $138.29 Million |
| Adelong Gold Ltd (ADG) | $911.18K | -70.31% | 0.11x | $6.07 Million |
| Ardiden Ltd (ADV) | $5.54 Million | -12.67% | 0.11x | $10.37 Million |
| Ark Mines Ltd (AHK) | $-7.71 Million | 0.00% | 0.00x | $8.35 Million |
| Aureka Ltd (AKA) | $28.36 Million | 9.46% | 0.19x | $6.23 Million |
| Alkane Resources Ltd (ALK) | $174.22 Million | -3.54% | 0.15x | $203.33 Million |
| Alchemy Resources Ltd (ALY) | $9.94 Million | -8.10% | 0.02x | $4.22 Million |