Noble Helium Ltd
Noble Helium Limited engages in the exploration of helium projects in the United Republic of Tanzania. Its flagship project is the 100% owned the North Rukwa project with 12 granted prospecting licenses covering a combined area of approximately 1,467 square kilometers located in south-west Tanzania. Noble Helium Limited was incorporated in 2015 and is based in Perth, Australia.
Noble Helium Ltd (NHE) - Net Assets
Latest net assets as of June 2025: AU$37.82 Million AUD
Based on the latest financial reports, Noble Helium Ltd (NHE) has net assets worth AU$37.82 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$48.89 Million) and total liabilities (AU$11.07 Million). 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$37.82 Million |
| % of Total Assets | 77.36% |
| Annual Growth Rate | 142.38% |
| 5-Year Change | 13336.75% |
| 10-Year Change | N/A |
| Growth Volatility | 1334.52 |
Noble Helium Ltd - Net Assets Trend (2019–2025)
This chart illustrates how Noble Helium 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 Noble Helium Ltd (2019–2025)
The table below shows the annual net assets of Noble Helium Ltd from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$37.82 Million | -15.53% |
| 2024-06-30 | AU$44.78 Million | +112.95% |
| 2023-06-30 | AU$21.03 Million | +99.91% |
| 2022-06-30 | AU$10.52 Million | +3636.73% |
| 2021-06-30 | AU$281.47K | -37.36% |
| 2020-06-30 | AU$449.32K | +141.20% |
| 2019-06-30 | AU$186.29K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Noble Helium 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 2008274700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$58.59 Million | 154.92% |
| Other Comprehensive Income | AU$-455.57K | -1.20% |
| Total Equity | AU$37.82 Million | 100.00% |
Noble Helium Ltd Competitors by Market Cap
The table below lists competitors of Noble Helium Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PIONEER MEDIA HOLDINGS
F:6NU
|
$7.84 Million |
|
Lipum AB
ST:LIPUM
|
$7.85 Million |
|
Nureca Limited
NSE:NURECA
|
$7.85 Million |
|
Equites Property Fund Ltd
JSE:EQU
|
$7.85 Million |
|
Levinstein Eng
TA:LEVI
|
$7.84 Million |
|
Noble Finance Company
PINK:NBLWF
|
$7.84 Million |
|
Repower Asia Indonesia PT
JK:REAL
|
$7.84 Million |
|
EPB Group Berhad
KLSE:0317
|
$7.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Noble Helium Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 44,775,606 to 37,820,277, a change of -6,955,329 (-15.5%).
- Net loss of 10,969,191 reduced equity.
- Share repurchases of 2,746,440 reduced equity.
- Other comprehensive income decreased equity by 781,211.
- Other factors increased equity by 7,541,513.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-10.97 Million | -29.0% |
| Share Repurchases | AU$2.75 Million | -7.26% |
| Other Comprehensive Income | AU$-781.21K | -2.07% |
| Other Changes | AU$7.54 Million | +19.94% |
| Total Change | AU$- | -15.53% |
Book Value vs Market Value Analysis
This analysis compares Noble Helium 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: 0.47x
- 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 31.46x to 0.47x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-06-30 | AU$0.00 | AU$0.03 | x |
| 2020-06-30 | AU$0.00 | AU$0.03 | x |
| 2021-06-30 | AU$0.00 | AU$0.03 | x |
| 2022-06-30 | AU$0.08 | AU$0.03 | x |
| 2023-06-30 | AU$0.10 | AU$0.03 | x |
| 2024-06-30 | AU$0.11 | AU$0.03 | x |
| 2025-06-30 | AU$0.07 | AU$0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Noble Helium Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -29.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -50312.77%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.29x
- Recent ROE (-29.00%) is above the historical average (-44.79%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -108.59% | -1244.35% | 0.06x | 1.40x | AU$-220.92K |
| 2020 | -68.14% | -1281.44% | 0.05x | 1.05x | AU$-351.11K |
| 2021 | -58.77% | 0.00% | 0.00x | 1.10x | AU$-193.56K |
| 2022 | -26.11% | -292128.51% | 0.00x | 1.02x | AU$-3.80 Million |
| 2023 | -11.60% | -4820.32% | 0.00x | 1.06x | AU$-4.54 Million |
| 2024 | -11.30% | 0.00% | 0.00x | 1.14x | AU$-9.54 Million |
| 2025 | -29.00% | -50312.77% | 0.00x | 1.29x | AU$-14.75 Million |
Industry Comparison
This section compares Noble Helium Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $1,056,214,630
- Average return on equity (ROE) among peers: -21.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Noble Helium Ltd (NHE) | AU$37.82 Million | -108.59% | 0.29x | $7.84 Million |
| Anteotech Ltd (ADO) | $7.31 Million | -7.46% | 0.08x | $16.82 Million |
| Alexium International Group Ltd (AJX) | $8.77 Million | -31.76% | 0.37x | $2.63 Million |
| Altech Batteries Ltd (ATC) | $3.08 Million | -117.67% | 0.08x | $19.28 Million |
| Carbonxt Group Ltd (CG1) | $10.73 Million | -75.63% | 2.06x | $13.71 Million |
| DGL Group Ltd (DGL) | $209.81 Million | 24.15% | 0.42x | $30.97 Million |
| Dyno Nobel Ltd (DNL) | $4.43 Billion | 3.28% | 0.77x | $3.05 Billion |
| Foresta Group Holdings Ltd (FGH) | $-480.13K | 0.00% | 0.00x | $13.28 Million |
| Incitec Pivot Ltd (IPL) | $3.71 Billion | 12.50% | 0.89x | $2.81 Billion |
| Orica Ltd (ORI) | $1.13 Billion | -0.75% | 1.15x | $5.75 Billion |