Mec Resources Ltd
MEC Resources Limited, through its subsidiaries, operates as an oil and gas exploration and development company in Australia. The company was formerly known as MEC Strategic Ltd. MEC Resources Limited was incorporated in 2005 and is based in South Perth, Australia.
Mec Resources Ltd (MMR) - Net Assets
Latest net assets as of December 2025: AU$10.84 Million AUD
Based on the latest financial reports, Mec Resources Ltd (MMR) has net assets worth AU$10.84 Million AUD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$11.27 Million) and total liabilities (AU$437.22K). 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$10.84 Million |
| % of Total Assets | 96.12% |
| Annual Growth Rate | 5.24% |
| 5-Year Change | 53.22% |
| 10-Year Change | -61.32% |
| Growth Volatility | 112.11 |
Mec Resources Ltd - Net Assets Trend (2006–2025)
This chart illustrates how Mec Resources 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 Mec Resources Ltd (2006–2025)
The table below shows the annual net assets of Mec Resources Ltd from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$11.16 Million | +57.53% |
| 2024-06-30 | AU$7.08 Million | -31.84% |
| 2023-06-30 | AU$10.39 Million | -3.81% |
| 2022-06-30 | AU$10.80 Million | +48.36% |
| 2021-06-30 | AU$7.28 Million | -12.43% |
| 2020-06-30 | AU$8.32 Million | -14.07% |
| 2019-06-30 | AU$9.68 Million | -8.31% |
| 2018-06-30 | AU$10.55 Million | -62.92% |
| 2017-06-30 | AU$28.46 Million | -1.33% |
| 2016-06-30 | AU$28.85 Million | -2.23% |
| 2015-06-30 | AU$29.50 Million | -7.22% |
| 2014-06-30 | AU$31.80 Million | -5.60% |
| 2013-06-30 | AU$33.69 Million | -8.26% |
| 2012-06-30 | AU$36.72 Million | -20.40% |
| 2011-06-30 | AU$46.13 Million | +92.93% |
| 2010-06-30 | AU$23.91 Million | +477.45% |
| 2009-06-30 | AU$4.14 Million | -33.30% |
| 2008-06-30 | AU$6.21 Million | +58.44% |
| 2007-06-30 | AU$3.92 Million | -7.27% |
| 2006-06-30 | AU$4.23 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mec 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 2525382400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$36.08 Million | 323.33% |
| Other Comprehensive Income | AU$442.27K | 3.96% |
| Total Equity | AU$11.16 Million | 100.00% |
Mec Resources Ltd Competitors by Market Cap
The table below lists competitors of Mec Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lenox Pasifik Investama Tbk PT
JK:LPPS
|
$2.50 Million |
|
TJGC Group Limited
NASDAQ:TJGC
|
$2.50 Million |
|
Feng Chi Biotech Corp.
TWO:6744
|
$2.50 Million |
|
WANdisco plc
PINK:WANSF
|
$2.50 Million |
|
Chaoprayamahanakorn Public Company Limited
BK:CMC
|
$2.49 Million |
|
YX Precious Metals Bhd
KLSE:0250
|
$2.49 Million |
|
Baosheng Media Group Holdings Ltd
NASDAQ:BAOS
|
$2.49 Million |
|
Dimet (Siam) Public Company Limited
BK:DIMET
|
$2.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mec Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,082,935 to 11,157,737, a change of 4,074,802 (57.5%).
- Net income of 207,490 contributed positively to equity growth.
- Share repurchases of 3,543,290 reduced equity.
- Other factors increased equity by 7,410,602.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$207.49K | +1.86% |
| Share Repurchases | AU$3.54 Million | -31.76% |
| Other Changes | AU$7.41 Million | +66.42% |
| Total Change | AU$- | 57.53% |
Book Value vs Market Value Analysis
This analysis compares Mec 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: 0.66x
- 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 0.08x to 0.66x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-06-30 | AU$0.05 | AU$0.00 | x |
| 2007-06-30 | AU$0.04 | AU$0.00 | x |
| 2008-06-30 | AU$0.05 | AU$0.00 | x |
| 2009-06-30 | AU$0.03 | AU$0.00 | x |
| 2010-06-30 | AU$0.03 | AU$0.00 | x |
| 2011-06-30 | AU$0.08 | AU$0.00 | x |
| 2012-06-30 | AU$0.03 | AU$0.00 | x |
| 2013-06-30 | AU$0.02 | AU$0.00 | x |
| 2014-06-30 | AU$0.01 | AU$0.00 | x |
| 2015-06-30 | AU$0.01 | AU$0.00 | x |
| 2016-06-30 | AU$0.07 | AU$0.00 | x |
| 2017-06-30 | AU$0.07 | AU$0.00 | x |
| 2018-06-30 | AU$0.03 | AU$0.00 | x |
| 2019-06-30 | AU$0.02 | AU$0.00 | x |
| 2020-06-30 | AU$0.01 | AU$0.00 | x |
| 2021-06-30 | AU$0.01 | AU$0.00 | x |
| 2022-06-30 | AU$0.01 | AU$0.00 | x |
| 2023-06-30 | AU$0.01 | AU$0.00 | x |
| 2024-06-30 | AU$0.01 | AU$0.00 | x |
| 2025-06-30 | AU$0.01 | AU$0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mec Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.86%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 230.52%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.05x
- Recent ROE (1.86%) is above the historical average (-42.02%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -2.53% | -1188.68% | 0.00x | 1.02x | AU$-529.55K |
| 2007 | -19.53% | -2013.73% | 0.01x | 1.04x | AU$-1.16 Million |
| 2008 | -8.07% | -470.08% | 0.01x | 1.33x | AU$-971.96K |
| 2009 | -84.89% | 0.00% | 0.00x | 1.31x | AU$-3.75 Million |
| 2010 | -64.29% | 0.00% | 0.00x | 6.04x | AU$-3.36 Million |
| 2011 | -27.58% | -31024.24% | 0.00x | 3.57x | AU$-5.53 Million |
| 2012 | -162.39% | 0.00% | 0.00x | 7.07x | AU$-9.74 Million |
| 2013 | -55.06% | 0.00% | 0.00x | 9.55x | AU$-2.42 Million |
| 2014 | -57.80% | -2326.68% | 0.00x | 13.89x | AU$-1.61 Million |
| 2015 | -145.80% | -6197.49% | 0.00x | 25.45x | AU$-1.89 Million |
| 2016 | -6.41% | -4313.92% | 0.00x | 1.89x | AU$-2.65 Million |
| 2017 | -5.67% | -1475.42% | 0.00x | 1.91x | AU$-2.49 Million |
| 2018 | -116.27% | -11405.02% | 0.01x | 1.51x | AU$-10.67 Million |
| 2019 | -17.48% | -1250.51% | 0.01x | 1.52x | AU$-2.11 Million |
| 2020 | -31.27% | -105923.79% | 0.00x | 1.09x | AU$-3.43 Million |
| 2021 | -14.20% | -3324.92% | 0.00x | 1.24x | AU$-1.76 Million |
| 2022 | -11.46% | 0.00% | 0.00x | 1.91x | AU$-2.32 Million |
| 2023 | -4.62% | -17344.48% | 0.00x | 1.81x | AU$-1.52 Million |
| 2024 | -6.95% | -8305.67% | 0.00x | 1.16x | AU$-1.20 Million |
| 2025 | 1.86% | 230.52% | 0.01x | 1.05x | AU$-908.28K |
Industry Comparison
This section compares Mec Resources Ltd's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $46,092,534
- Average return on equity (ROE) among peers: -760.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mec Resources Ltd (MMR) | AU$10.84 Million | -2.53% | 0.04x | $2.50 Million |
| 88 Energy Ltd (88E) | $148.64 Million | -22.08% | 0.00x | $22.73 Million |
| Amplitude Energy Ltd (AEL) | $49.07 Million | 11.28% | 0.11x | $454.30 Million |
| Australis Oil & Gas Ltd (ATS) | $78.08 Million | -19.61% | 0.33x | $14.34 Million |
| Bass Oil Ltd (BAS) | $6.81 Million | 3.96% | 0.67x | $9.10 Million |
| Blue Energy Ltd (BLU) | $69.67K | -2360.96% | 0.02x | $5.44 Million |
| Buru Energy Ltd (BRU) | $16.49 Million | -78.92% | 0.93x | $8.81 Million |
| Beetaloo Energy Australia Limited (BTL) | $1.97 Million | -40.48% | 0.19x | $128.43 Million |
| Cooper Energy Ltd (COE) | $125.10 Million | 1.00% | 0.09x | $277.90 Million |
| Comet Ridge Ltd (COI) | $43.52K | -5096.27% | 0.44x | $86.62 Million |
| Conrad Asia Energy Ltd (CRD) | $34.66 Million | -0.02% | 0.05x | $31.33 Million |