Qmines Ltd (QML) - Net Assets
Based on the latest financial reports, Qmines Ltd (QML) has net assets worth AU$25.30 Million AUD (≈ $17.90 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$27.91 Million ≈ $19.75 Million USD) and total liabilities (AU$2.61 Million ≈ $1.85 Million USD). 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. Check Qmines Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$25.30 Million |
| % of Total Assets | 90.64% |
| Annual Growth Rate | 133.9% |
| 5-Year Change | 80.16% |
| 10-Year Change | N/A |
| Growth Volatility | 8462.9 |
Qmines Ltd - Net Assets Trend (2018–2025)
This chart illustrates how Qmines Ltd's net assets have evolved over time, based on quarterly financial data. Also explore QML total assets for the complete picture of this company's asset base.
Annual Net Assets for Qmines Ltd (2018–2025)
The table below shows the annual net assets of Qmines Ltd from 2018 to 2025. For live valuation and market cap data, see QML market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$25.30 Million ≈ $17.90 Million |
+39.93% |
| 2024-06-30 | AU$18.08 Million ≈ $12.79 Million |
+13.42% |
| 2023-06-30 | AU$15.94 Million ≈ $11.28 Million |
+28.55% |
| 2022-06-30 | AU$12.40 Million ≈ $8.77 Million |
-11.69% |
| 2021-06-30 | AU$14.04 Million ≈ $9.94 Million |
+21174.76% |
| 2018-06-30 | AU$66.00K ≈ $46.70K |
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Equity Component Analysis
This analysis shows how different components contribute to Qmines 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 1649183800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$43.76 Million | 172.99% |
| Other Comprehensive Income | AU$-2.08 Million | -8.23% |
| Other Components | AU$109.46K | 0.43% |
| Total Equity | AU$25.30 Million | 100.00% |
Qmines Ltd Competitors by Market Cap
The table below lists competitors of Qmines Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nureca Limited
NSE:NURECA
|
$27.50 Million |
|
BMG Resources Ltd
AU:BMG
|
$27.51 Million |
|
DC HEALTHCARE HOLDINGS BERHAD
KLSE:0283
|
$27.52 Million |
|
Bowen Acquisition Corp Ordinary Shares
NASDAQ:BOWN
|
$27.52 Million |
|
Earlypay Ltd
AU:EPY
|
$27.49 Million |
|
Volitionrx Ltd
NYSE MKT:VNRX
|
$27.48 Million |
|
GWR Group Ltd
AU:GWR
|
$27.48 Million |
|
B3 Consulting Group AB
ST:B3
|
$27.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Qmines Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 18,078,811 to 25,296,950, a change of 7,218,139 (39.9%).
- Net loss of 2,939,360 reduced equity.
- Share repurchases of 8,177,880 reduced equity.
- Other comprehensive income decreased equity by 2,395,585.
- Other factors increased equity by 20,730,964.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-2.94 Million | -11.62% |
| Share Repurchases | AU$8.18 Million | -32.33% |
| Other Comprehensive Income | AU$-2.40 Million | -9.47% |
| Other Changes | AU$20.73 Million | +81.95% |
| Total Change | AU$- | 39.93% |
Book Value vs Market Value Analysis
This analysis compares Qmines 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: 0.83x
- 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 126.09x to 0.83x 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$0.00 | AU$0.06 | x |
| 2021-06-30 | AU$0.10 | AU$0.06 | x |
| 2022-06-30 | AU$0.11 | AU$0.06 | x |
| 2023-06-30 | AU$0.12 | AU$0.06 | x |
| 2024-06-30 | AU$0.09 | AU$0.06 | x |
| 2025-06-30 | AU$0.07 | AU$0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Qmines Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -11.62%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3331.36%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.10x
- Recent ROE (-11.62%) is above the historical average (-95.93%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -472.73% | 0.00% | 0.00x | 1.20x | AU$-318.60K |
| 2021 | -11.28% | -63028.65% | 0.00x | 1.02x | AU$-2.99 Million |
| 2022 | -25.53% | -226098.93% | 0.00x | 1.03x | AU$-4.41 Million |
| 2023 | -35.76% | -25702.32% | 0.00x | 1.03x | AU$-7.29 Million |
| 2024 | -18.67% | -1893.79% | 0.01x | 1.19x | AU$-5.18 Million |
| 2025 | -11.62% | -3331.36% | 0.00x | 1.10x | AU$-5.47 Million |
Industry Comparison
This section compares Qmines Ltd's net assets metrics with peer companies in the Copper industry.
Industry Context
- Industry: Copper
- Average net assets among peers: $20,283,504
- Average return on equity (ROE) among peers: -58.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qmines Ltd (QML) | AU$25.30 Million | -472.73% | 0.10x | $27.49 Million |
| Alma Metals Ltd (ALM) | $21.22 Million | -64.79% | 0.30x | $18.98 Million |
| Austral Resources Australia Ltd (AR1) | $-8.27 Million | 0.00% | 0.00x | $93.76 Million |
| Culpeo Minerals Ltd (CPO) | $340.95K | -344.33% | 2.55x | $6.74 Million |
| Caravel Minerals Ltd (CVV) | $8.61 Million | -86.54% | 0.10x | $100.82 Million |
| Cyprium Metals Ltd (CYM) | $3.25 Million | -85.17% | 0.22x | $149.30 Million |
| Greenx Metals Ltd (GRX) | $17.43 Million | -12.11% | 0.04x | $193.85 Million |
| Hot Chili Ltd (HCH) | $32.59 Million | -8.88% | 0.01x | $269.16 Million |
| Hillgrove Resources Ltd (HGO) | $84.23 Million | 13.45% | 0.67x | $96.63 Million |
| Kincora Copper Ltd (KCC) | $63.40 Million | 0.00% | 0.02x | $28.44 Million |
| MAC Copper Ltd (MAC) | $-19.96 Million | 0.00% | 0.00x | $1.08 Billion |
About Qmines Ltd
QMines Limited explores and develops mineral properties in Australia. The company explores for gold, copper, zinc, and silver deposits. Its flagship project is the 100% owned Mount Chalmers project, which consists of five minerals exploration permits covering an area of 334 square kilometers located North-East of Rockhampton, Queensland. QMines Limited was incorporated in 2020 and is headquartere… Read more