Nickelsearch Ltd
NickelSearch Limited engages in the exploration and evaluation of mineral resources in Australia. The company primary explores for nickel sulphide and lithium. Its flagship project is the 100% owned Carlingup project covering an area of approximately 194.5 square kilometers consisting of 8 mining and 7 exploration licenses located in the Ravensthorpe Greenstone Belt, Western Australia. The compan… Read more
Nickelsearch Ltd (NIS) - Net Assets
Latest net assets as of June 2024: AU$2.25 Million AUD
Based on the latest financial reports, Nickelsearch Ltd (NIS) has net assets worth AU$2.25 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$4.88 Million) and total liabilities (AU$2.63 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$2.25 Million |
| % of Total Assets | 46.05% |
| Annual Growth Rate | 13.66% |
| 5-Year Change | 121.11% |
| 10-Year Change | N/A |
| Growth Volatility | 248.34 |
Nickelsearch Ltd - Net Assets Trend (2018–2024)
This chart illustrates how Nickelsearch 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 Nickelsearch Ltd (2018–2024)
The table below shows the annual net assets of Nickelsearch Ltd from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | AU$2.25 Million | -82.57% |
| 2023-06-30 | AU$12.88 Million | +3.67% |
| 2022-06-30 | AU$12.42 Million | +652.90% |
| 2021-06-30 | AU$1.65 Million | +62.49% |
| 2020-06-30 | AU$1.02 Million | -2.51% |
| 2019-06-30 | AU$1.04 Million | +0.02% |
| 2018-06-30 | AU$1.04 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nickelsearch 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 6130.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$20.49 Million | 912.45% |
| Other Comprehensive Income | AU$1.73 Million | 77.10% |
| Total Equity | AU$2.25 Million | 100.00% |
Nickelsearch Ltd Competitors by Market Cap
The table below lists competitors of Nickelsearch Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jaya Swarasa Agung PT
JK:TAYS
|
$1.25 Million |
|
OSHKOSH (OK3.SG)
STU:OK3
|
$1.25 Million |
|
NOVARTIS N (NOT.SG)
STU:NOT
|
$1.25 Million |
|
Galera Therapeutics Inc
PINK:GRTX
|
$1.25 Million |
|
Aquaporin AS
CO:AQP
|
$1.25 Million |
|
Rex Industry Bhd
KLSE:9946
|
$1.25 Million |
|
Tamilnadu Telecommunication Limited
NSE:TNTELE
|
$1.25 Million |
|
Xinda International Corp
PINK:XNDA
|
$1.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nickelsearch Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,878,294 to 2,245,294, a change of -10,633,000 (-82.6%).
- Net loss of 15,619,797 reduced equity.
- Share repurchases of 168,387 reduced equity.
- New share issuances of 3,645,843 increased equity.
- Other comprehensive income increased equity by 584,692.
- Other factors increased equity by 924,649.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-15.62 Million | -695.67% |
| Share Repurchases | AU$168.39K | -7.5% |
| Share Issuances | AU$3.65 Million | +162.38% |
| Other Comprehensive Income | AU$584.69K | +26.04% |
| Other Changes | AU$924.65K | +41.18% |
| Total Change | AU$- | -82.57% |
Book Value vs Market Value Analysis
This analysis compares Nickelsearch 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: 1.21x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.48x to 1.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-06-30 | AU$0.01 | AU$0.01 | x |
| 2019-06-30 | AU$0.01 | AU$0.01 | x |
| 2020-06-30 | AU$0.01 | AU$0.01 | x |
| 2021-06-30 | AU$0.01 | AU$0.01 | x |
| 2022-06-30 | AU$0.14 | AU$0.01 | x |
| 2023-06-30 | AU$0.12 | AU$0.01 | x |
| 2024-06-30 | AU$0.01 | AU$0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nickelsearch Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -695.67%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 2.17x
- Recent ROE (-695.67%) is below the historical average (-118.63%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -49.00% | -225763.27% | 0.00x | 1.05x | AU$-614.36K |
| 2019 | -11.65% | -46495.40% | 0.00x | 1.03x | AU$-225.51K |
| 2020 | -16.56% | -258670.77% | 0.00x | 1.05x | AU$-269.68K |
| 2021 | -26.26% | -14443366.67% | 0.00x | 1.11x | AU$-598.30K |
| 2022 | -15.16% | -116173.35% | 0.00x | 1.15x | AU$-3.13 Million |
| 2023 | -16.14% | -4997.65% | 0.00x | 1.24x | AU$-3.37 Million |
| 2024 | -695.67% | 0.00% | 0.00x | 2.17x | AU$-15.84 Million |
Industry Comparison
This section compares Nickelsearch Ltd's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $2,995,611
- Average return on equity (ROE) among peers: -21.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nickelsearch Ltd (NIS) | AU$2.25 Million | -49.00% | 1.17x | $1.25 Million |
| EXULTANT FPO [10X] (10X) | $5.63 Million | -1.35% | 0.01x | $1.10K |
| Morella Corporation Ltd (1MC) | $5.43 Million | -6.71% | 0.57x | $2.93 Million |
| 6K Additive Inc (6KA) | $-21.36 Million | 0.00% | 0.00x | $24.91 Million |
| Atlantic Lithium Ltd (A11) | $789.39K | -143.95% | 0.47x | $71.83 Million |
| African Gold Ltd (A1G) | $6.42 Million | -11.14% | 0.01x | $170.41 Million |
| Albright Metals Ltd (ABR) | $5.61 Million | 0.47% | 0.11x | $1.11 Million |
| Audalia Resources Ltd (ACP) | $2.12 Million | -18.55% | 0.04x | $893.85K |
| Accent Resources NL (ACS) | $4.38 Million | -14.12% | 0.03x | $211.71K |
| Acdc Metals Ltd (ADC) | $10.13 Million | -6.86% | 0.04x | $1.02 Million |
| Admiralty Resources NL (ADY) | $10.81 Million | -14.31% | 1.16x | $5.70 Million |