Rare Foods Australia Ltd
Rare Foods Australia Limited engages in the abalone ranching business in Australia, Asia, and Europe. It is involved in the harvesting of abalone; deployment and maintenance of artificial reef; and processing and distribution of the Greenlip abalone from the ocean ranching operations in Flinders Bay, Australia. The company was formerly known as Ocean Grown Abalone Limited and changed its name to … Read more
Rare Foods Australia Ltd (RFA) - Net Assets
Latest net assets as of December 2024: AU$7.44 Million AUD
Based on the latest financial reports, Rare Foods Australia Ltd (RFA) has net assets worth AU$7.44 Million AUD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$13.45 Million) and total liabilities (AU$6.01 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$7.44 Million |
| % of Total Assets | 55.3% |
| Annual Growth Rate | N/A |
| 5-Year Change | -37.5% |
| 10-Year Change | N/A |
| Growth Volatility | 7.78 |
Rare Foods Australia Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Rare Foods Australia 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 Rare Foods Australia Ltd (2015–2024)
The table below shows the annual net assets of Rare Foods Australia Ltd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | AU$9.62 Million | -18.34% |
| 2023-06-30 | AU$11.78 Million | -9.15% |
| 2022-06-30 | AU$12.96 Million | -5.61% |
| 2021-06-30 | AU$13.74 Million | -10.75% |
| 2020-06-30 | AU$15.39 Million | -11.31% |
| 2019-06-30 | AU$17.35 Million | +8.71% |
| 2018-06-30 | AU$15.96 Million | -11.56% |
| 2017-06-30 | AU$18.05 Million | +814.92% |
| 2016-06-30 | AU$-2.52 Million | -102.03% |
| 2015-06-30 | AU$-1.25 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Rare Foods Australia 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 1797945600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$29.33 Million | 304.56% |
| Other Comprehensive Income | AU$1.15 Million | 11.97% |
| Total Equity | AU$9.63 Million | 100.00% |
Rare Foods Australia Ltd Competitors by Market Cap
The table below lists competitors of Rare Foods Australia Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Exosense Plc
LSE:0EXO
|
$234.15K |
|
Fundamental Invest Stock Pick
CO:FUISP
|
$234.19K |
|
Tennessee Valley Authority Pref
NYSE:TVC
|
$234.30K |
|
Blue Coast Hotels Limited
NSE:BLUECOAST
|
$234.33K |
|
Central Bancompany, Inc. Class A Common Stock
NASDAQ:CBC
|
$234.02K |
|
MidCap Financial Investment Corporation 8.00% Notes due 2028
NASDAQ:MFICL
|
$233.91K |
|
PREMIER-A
BE:PM8
|
$233.85K |
|
BALIMA
BC:BALIMA
|
$233.76K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rare Foods Australia Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,791,175 to 9,631,423, a change of -2,159,752 (-18.3%).
- Net loss of 4,206,696 reduced equity.
- Share repurchases of 42,496 reduced equity.
- New share issuances of 2,005,840 increased equity.
- Other comprehensive income decreased equity by 155,387.
- Other factors increased equity by 238,987.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-4.21 Million | -43.68% |
| Share Repurchases | AU$42.50K | -0.44% |
| Share Issuances | AU$2.01 Million | +20.83% |
| Other Comprehensive Income | AU$-155.39K | -1.61% |
| Other Changes | AU$238.99K | +2.48% |
| Total Change | AU$- | -18.32% |
Book Value vs Market Value Analysis
This analysis compares Rare Foods Australia 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: 0.11x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-06-30 | AU$-0.14 | AU$0.01 | x |
| 2016-06-30 | AU$-0.02 | AU$0.01 | x |
| 2017-06-30 | AU$0.12 | AU$0.01 | x |
| 2018-06-30 | AU$0.10 | AU$0.01 | x |
| 2019-06-30 | AU$0.09 | AU$0.01 | x |
| 2020-06-30 | AU$0.08 | AU$0.01 | x |
| 2021-06-30 | AU$0.07 | AU$0.01 | x |
| 2022-06-30 | AU$0.06 | AU$0.01 | x |
| 2023-06-30 | AU$0.06 | AU$0.01 | x |
| 2024-06-30 | AU$0.04 | AU$0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rare Foods Australia Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -43.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -81.69%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.60x
- Recent ROE (-43.68%) is below the historical average (-12.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 0.00% | -2148.00% | 0.01x | 0.00x | AU$-1.43 Million |
| 2016 | 0.00% | -454.55% | 0.05x | 0.00x | AU$-1.07 Million |
| 2017 | -9.67% | -234.38% | 0.04x | 1.09x | AU$-3.55 Million |
| 2018 | -21.63% | -168.24% | 0.11x | 1.13x | AU$-5.05 Million |
| 2019 | 5.96% | 33.81% | 0.15x | 1.16x | AU$-701.62K |
| 2020 | -29.64% | -180.43% | 0.15x | 1.12x | AU$-6.10 Million |
| 2021 | -12.24% | -51.20% | 0.21x | 1.14x | AU$-3.06 Million |
| 2022 | -6.58% | -21.46% | 0.24x | 1.27x | AU$-2.15 Million |
| 2023 | -12.25% | -25.97% | 0.34x | 1.41x | AU$-2.62 Million |
| 2024 | -43.68% | -81.69% | 0.33x | 1.60x | AU$-5.17 Million |
Industry Comparison
This section compares Rare Foods Australia Ltd's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $209,074,927
- Average return on equity (ROE) among peers: 1.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rare Foods Australia Ltd (RFA) | AU$7.44 Million | 0.00% | 0.81x | $234.05K |
| Duxton Farms Ltd (DBF) | $119.86 Million | 4.33% | 0.58x | $11.11 Million |
| Elders Ltd (ELD) | $860.72 Million | 18.92% | 1.35x | $877.73 Million |
| Farm Pride Foods Ltd (FRM) | $21.73 Million | -1.84% | 1.76x | $6.43 Million |
| Inghams Group Ltd (ING) | $277.00 Million | 32.42% | 7.54x | $416.53 Million |
| Lynch Group Holdings Ltd (LGL) | $65.90 Million | -1.19% | 1.69x | $66.28 Million |
| Murray Cod Australia Ltd (MCA) | $16.62 Million | -22.11% | 0.17x | $14.71 Million |
| New Zealand King Salmon Investments Ltd (NZK) | $22.82 Million | 23.15% | 4.98x | $33.22 Million |
| Seafarms Group Ltd (SFG) | $34.12 Million | -45.01% | 0.33x | $3.23 Million |
| Ricegrowers Ltd (SGLLV) | $462.90 Million | 6.80% | 0.79x | $443.61 Million |