Midas Minerals Ltd
Midas Minerals Limited engages in exploration and evaluation of mineral resources in Western Australia and Canada. It explores for gold, lithium, copper, nickel, platinoids, and base metals as well as platinum group elements. The company was incorporated in 2018 is based in West Perth, Australia.
Midas Minerals Ltd (MM1) - Net Assets
Latest net assets as of June 2025: AU$8.84 Million AUD
Based on the latest financial reports, Midas Minerals Ltd (MM1) has net assets worth AU$8.84 Million AUD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$9.13 Million) and total liabilities (AU$287.49K). 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$8.84 Million |
| % of Total Assets | 96.85% |
| Annual Growth Rate | 7.3% |
| 5-Year Change | -40.03% |
| 10-Year Change | N/A |
| Growth Volatility | 116.88 |
Midas Minerals Ltd - Net Assets Trend (2018–2024)
This chart illustrates how Midas Minerals 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 Midas Minerals Ltd (2018–2024)
The table below shows the annual net assets of Midas Minerals Ltd from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$5.20 Million | -15.05% |
| 2023-12-31 | AU$6.12 Million | -16.57% |
| 2022-12-31 | AU$7.34 Million | -8.88% |
| 2021-12-31 | AU$8.05 Million | -7.14% |
| 2020-12-31 | AU$8.67 Million | +295.94% |
| 2019-12-31 | AU$2.19 Million | -35.73% |
| 2018-12-31 | AU$3.41 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Midas Minerals 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 1285180200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$17.91 Million | 344.25% |
| Other Comprehensive Income | AU$1.07 Million | 20.61% |
| Total Equity | AU$5.20 Million | 100.00% |
Midas Minerals Ltd Competitors by Market Cap
The table below lists competitors of Midas Minerals Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Payfare Inc
OTCQX:PYFRF
|
$53.71 Million |
|
Creative Newtech Limited
NSE:CREATIVE
|
$53.71 Million |
|
Cheryong Industrial Co.Ltd
KQ:147830
|
$53.72 Million |
|
Future Vision II Acquisition Corporation Units
NASDAQ:FVNNU
|
$53.76 Million |
|
Reinet Investments SCA
JSE:RNI
|
$53.66 Million |
|
Maxigen Biotech Inc
TW:1783
|
$53.63 Million |
|
U-Media Communications
TWO:6470
|
$53.63 Million |
|
Banyan Gold Corp
OTCQB:BYAGF
|
$53.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Midas Minerals Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,122,980 to 5,201,672, a change of -921,308 (-15.0%).
- Net loss of 3,858,000 reduced equity.
- Share repurchases of 104,324 reduced equity.
- New share issuances of 2,587,665 increased equity.
- Other comprehensive income increased equity by 194,475.
- Other factors increased equity by 258,876.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-3.86 Million | -74.17% |
| Share Repurchases | AU$104.32K | -2.01% |
| Share Issuances | AU$2.59 Million | +49.75% |
| Other Comprehensive Income | AU$194.47K | +3.74% |
| Other Changes | AU$258.88K | +4.98% |
| Total Change | AU$- | -15.05% |
Book Value vs Market Value Analysis
This analysis compares Midas Minerals 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: 14.49x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 4.49x to 14.49x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | AU$0.17 | AU$0.75 | x |
| 2019-12-31 | AU$0.03 | AU$0.75 | x |
| 2020-12-31 | AU$0.14 | AU$0.75 | x |
| 2021-12-31 | AU$0.13 | AU$0.75 | x |
| 2022-12-31 | AU$0.11 | AU$0.75 | x |
| 2023-12-31 | AU$0.08 | AU$0.75 | x |
| 2024-12-31 | AU$0.05 | AU$0.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Midas Minerals Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -74.17%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.04x
- Recent ROE (-74.17%) is below the historical average (-43.45%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -36.20% | 0.00% | 0.00x | 1.03x | AU$-1.57 Million |
| 2019 | -78.29% | 0.00% | 0.00x | 1.03x | AU$-1.93 Million |
| 2020 | 7.74% | 73.79% | 0.10x | 1.00x | AU$-196.09K |
| 2021 | -12.61% | 0.00% | 0.00x | 1.02x | AU$-1.82 Million |
| 2022 | -23.84% | -10612.49% | 0.00x | 1.04x | AU$-2.48 Million |
| 2023 | -86.78% | 0.00% | 0.00x | 1.04x | AU$-5.93 Million |
| 2024 | -74.17% | 0.00% | 0.00x | 1.04x | AU$-4.38 Million |
Industry Comparison
This section compares Midas Minerals 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 |
|---|---|---|---|---|
| Midas Minerals Ltd (MM1) | AU$8.84 Million | -36.20% | 0.03x | $53.68 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 |