Prospech Ltd
European Resources Limited, together with its subsidiaries, engages in the mineral exploration business in Finland and Slovakia. It explores for gold, silver, copper, cobalt, nickel, zinc, lead, vanadium, lithium, and beryllium deposits, as well as rare earth elements. The company was formerly known as Prospech Limited and changed its name to European Resources Limited in December 2025. The compa… Read more
Prospech Ltd (PRS) - Net Assets
Latest net assets as of June 2025: AU$11.81 Million AUD
Based on the latest financial reports, Prospech Ltd (PRS) has net assets worth AU$11.81 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$12.67 Million) and total liabilities (AU$864.39K). 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$11.81 Million |
| % of Total Assets | 93.18% |
| Annual Growth Rate | 16.35% |
| 5-Year Change | 4.95% |
| 10-Year Change | N/A |
| Growth Volatility | 34.79 |
Prospech Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Prospech 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 Prospech Ltd (2016–2024)
The table below shows the annual net assets of Prospech Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$10.93 Million | +3.31% |
| 2023-12-31 | AU$10.58 Million | +36.92% |
| 2022-12-31 | AU$7.73 Million | -18.18% |
| 2021-12-31 | AU$9.44 Million | -9.31% |
| 2020-12-31 | AU$10.41 Million | +98.60% |
| 2019-12-31 | AU$5.24 Million | +13.22% |
| 2018-12-31 | AU$4.63 Million | +3.48% |
| 2017-12-31 | AU$4.48 Million | +37.51% |
| 2016-12-31 | AU$3.25 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Prospech 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 719074300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$17.32 Million | 158.52% |
| Other Comprehensive Income | AU$1.77 Million | 16.18% |
| Total Equity | AU$10.93 Million | 100.00% |
Prospech Ltd Competitors by Market Cap
The table below lists competitors of Prospech Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kardan Israel Ltd
TA:KRDI
|
$2.24 Million |
|
Vineet Laboratories Limited
NSE:VINEETLAB
|
$2.24 Million |
|
Inomin Mines Inc
V:MINE
|
$2.24 Million |
|
Transwarranty Finance Limited
NSE:TFL
|
$2.24 Million |
|
Meihua International Medical Technologies Co Ltd
NASDAQ:MHUA
|
$2.24 Million |
|
GENMAB (GE9.SG)
STU:GE9
|
$2.24 Million |
|
Tangelo Games Corp
V:GEL
|
$2.24 Million |
|
BCB Bhd
KLSE:6602
|
$2.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Prospech Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,578,780 to 10,928,777, a change of 349,997 (3.3%).
- Net loss of 1,820,276 reduced equity.
- Share repurchases of 50,741 reduced equity.
- New share issuances of 1,857,752 increased equity.
- Other comprehensive income increased equity by 348,204.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-1.82 Million | -16.66% |
| Share Repurchases | AU$50.74K | -0.46% |
| Share Issuances | AU$1.86 Million | +17.0% |
| Other Comprehensive Income | AU$348.20K | +3.19% |
| Other Changes | AU$15.06K | +0.14% |
| Total Change | AU$- | 3.31% |
Book Value vs Market Value Analysis
This analysis compares Prospech 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: 0.37x
- 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 0.15x to 0.37x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | AU$0.10 | AU$0.01 | x |
| 2017-12-31 | AU$0.11 | AU$0.01 | x |
| 2018-12-31 | AU$0.05 | AU$0.01 | x |
| 2019-12-31 | AU$0.05 | AU$0.01 | x |
| 2020-12-31 | AU$0.11 | AU$0.01 | x |
| 2021-12-31 | AU$0.10 | AU$0.01 | x |
| 2022-12-31 | AU$0.08 | AU$0.01 | x |
| 2023-12-31 | AU$0.06 | AU$0.01 | x |
| 2024-12-31 | AU$0.04 | AU$0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Prospech Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -16.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.09x
- Recent ROE (-16.66%) is below the historical average (-15.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -31.21% | 0.00% | 0.00x | 1.10x | AU$-1.25 Million |
| 2017 | -11.12% | 0.00% | 0.00x | 1.01x | AU$-945.15K |
| 2018 | -11.81% | 0.00% | 0.00x | 1.04x | AU$-1.01 Million |
| 2019 | -7.53% | 0.00% | 0.00x | 1.08x | AU$-919.15K |
| 2020 | -13.43% | -15544.29% | 0.00x | 1.01x | AU$-2.44 Million |
| 2021 | -9.57% | 0.00% | 0.00x | 1.01x | AU$-1.85 Million |
| 2022 | -22.66% | -88817.91% | 0.00x | 1.05x | AU$-2.52 Million |
| 2023 | -15.00% | 0.00% | 0.00x | 1.06x | AU$-2.64 Million |
| 2024 | -16.66% | 0.00% | 0.00x | 1.09x | AU$-2.91 Million |
Industry Comparison
This section compares Prospech 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 |
|---|---|---|---|---|
| Prospech Ltd (PRS) | AU$11.81 Million | -31.21% | 0.07x | $2.24 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 |