Si6 Metals Ltd
Verity Resources Limited, together with its subsidiaries, engages in the acquisition, exploration, and development of mineral resources in Australia and Botswana. The company primarily explores for nickel, copper, cobalt, gold, silver, platinum group, and rare earth elements. It holds 100% interest in the Monument Gold Project located in Western Australia. In addition, the company holds interests… Read more
Si6 Metals Ltd (SI6) - Net Assets
Latest net assets as of June 2024: AU$1.46 Million AUD
Based on the latest financial reports, Si6 Metals Ltd (SI6) has net assets worth AU$1.46 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$1.75 Million) and total liabilities (AU$289.56K). 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$1.46 Million |
| % of Total Assets | 83.47% |
| Annual Growth Rate | -11.75% |
| 5-Year Change | 100.33% |
| 10-Year Change | -80.54% |
| Growth Volatility | 136.41 |
Si6 Metals Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Si6 Metals 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 Si6 Metals Ltd (2008–2024)
The table below shows the annual net assets of Si6 Metals Ltd from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | AU$1.46 Million | +121.40% |
| 2023-06-30 | AU$660.29K | -93.76% |
| 2022-06-30 | AU$10.58 Million | +137.22% |
| 2021-06-30 | AU$4.46 Million | +511.21% |
| 2020-06-30 | AU$729.71K | -33.06% |
| 2019-06-30 | AU$1.09 Million | -42.76% |
| 2018-06-30 | AU$1.90 Million | -71.01% |
| 2017-06-30 | AU$6.57 Million | -12.34% |
| 2016-06-30 | AU$7.49 Million | -0.24% |
| 2015-06-30 | AU$7.51 Million | -1.05% |
| 2014-06-30 | AU$7.59 Million | +4.16% |
| 2013-06-30 | AU$7.29 Million | -19.84% |
| 2012-06-30 | AU$9.09 Million | -3.12% |
| 2011-06-30 | AU$9.39 Million | -1.25% |
| 2010-06-30 | AU$9.50 Million | -8.59% |
| 2009-06-30 | AU$10.40 Million | -3.72% |
| 2008-06-30 | AU$10.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Si6 Metals 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 3276560900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$33.75 Million | 2308.89% |
| Other Comprehensive Income | AU$981.89K | 67.17% |
| Total Equity | AU$1.46 Million | 100.00% |
Si6 Metals Ltd Competitors by Market Cap
The table below lists competitors of Si6 Metals Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Silver Bull Resources Inc
OTCQB:SVBL
|
$4.84 Million |
|
Patel Integrated Logistics Limited
NSE:PATINTLOG
|
$4.84 Million |
|
Lease IT Public Company Limited
BK:LIT
|
$4.85 Million |
|
Edaran Bhd
KLSE:5036
|
$4.85 Million |
|
Lanthanein Resources Ltd
AU:LNR
|
$4.84 Million |
|
Cryosite Ltd
AU:CTE
|
$4.84 Million |
|
Xref Ltd
AU:XF1
|
$4.84 Million |
|
Readcloud Ltd
AU:RCL
|
$4.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Si6 Metals Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 660,286 to 1,461,859, a change of 801,573 (121.4%).
- Net loss of 4,487,500 reduced equity.
- Share repurchases of 262,579 reduced equity.
- New share issuances of 4,477,802 increased equity.
- Other comprehensive income increased equity by 196,124.
- Other factors increased equity by 877,726.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-4.49 Million | -306.97% |
| Share Repurchases | AU$262.58K | -17.96% |
| Share Issuances | AU$4.48 Million | +306.31% |
| Other Comprehensive Income | AU$196.12K | +13.42% |
| Other Changes | AU$877.73K | +60.04% |
| Total Change | AU$- | 121.40% |
Book Value vs Market Value Analysis
This analysis compares Si6 Metals 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: 23.52x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 0.01x to 23.52x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-06-30 | AU$1.38 | AU$0.02 | x |
| 2009-06-30 | AU$0.66 | AU$0.02 | x |
| 2010-06-30 | AU$0.60 | AU$0.02 | x |
| 2011-06-30 | AU$0.60 | AU$0.02 | x |
| 2012-06-30 | AU$0.45 | AU$0.02 | x |
| 2013-06-30 | AU$0.30 | AU$0.02 | x |
| 2014-06-30 | AU$0.23 | AU$0.02 | x |
| 2015-06-30 | AU$0.16 | AU$0.02 | x |
| 2016-06-30 | AU$0.12 | AU$0.02 | x |
| 2017-06-30 | AU$0.06 | AU$0.02 | x |
| 2018-06-30 | AU$0.01 | AU$0.02 | x |
| 2019-06-30 | AU$0.00 | AU$0.02 | x |
| 2020-06-30 | AU$0.00 | AU$0.02 | x |
| 2021-06-30 | AU$0.00 | AU$0.02 | x |
| 2022-06-30 | AU$0.01 | AU$0.02 | x |
| 2023-06-30 | AU$0.00 | AU$0.02 | x |
| 2024-06-30 | AU$0.00 | AU$0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Si6 Metals Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -306.97%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6403.94%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.20x
- Recent ROE (-306.97%) is below the historical average (-68.60%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -4.60% | -159.38% | 0.03x | 1.01x | AU$-1.58 Million |
| 2009 | -6.82% | -199.87% | 0.03x | 1.02x | AU$-1.75 Million |
| 2010 | -7.07% | -315.54% | 0.02x | 1.02x | AU$-1.62 Million |
| 2011 | -23.31% | -25701.42% | 0.00x | 1.05x | AU$-3.13 Million |
| 2012 | -12.18% | -20235.27% | 0.00x | 1.03x | AU$-2.02 Million |
| 2013 | -24.15% | -30577.05% | 0.00x | 1.02x | AU$-2.49 Million |
| 2014 | -10.95% | -735.03% | 0.01x | 1.05x | AU$-1.59 Million |
| 2015 | -9.66% | -1009.68% | 0.01x | 1.07x | AU$-1.48 Million |
| 2016 | -12.62% | -2517.72% | 0.00x | 1.05x | AU$-1.70 Million |
| 2017 | -26.98% | -15291.51% | 0.00x | 1.07x | AU$-2.43 Million |
| 2018 | -98.24% | -31736.53% | 0.00x | 1.12x | AU$-2.06 Million |
| 2019 | -109.73% | -6449.77% | 0.01x | 1.16x | AU$-1.31 Million |
| 2020 | -94.06% | -2870.42% | 0.03x | 1.14x | AU$-759.35K |
| 2021 | -64.74% | -25969.53% | 0.00x | 1.09x | AU$-3.33 Million |
| 2022 | -64.31% | -16095.86% | 0.00x | 1.10x | AU$-7.86 Million |
| 2023 | -289.77% | -8408.24% | 0.03x | 1.32x | AU$-1.98 Million |
| 2024 | -306.97% | -6403.94% | 0.04x | 1.20x | AU$-4.63 Million |
Industry Comparison
This section compares Si6 Metals 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: $18,826,689
- Average return on equity (ROE) among peers: -37.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Si6 Metals Ltd (SI6) | AU$1.46 Million | -4.60% | 0.20x | $4.84 Million |
| EXULTANT FPO [10X] (10X) | $5.63 Million | -1.35% | 0.01x | $1.03K |
| Morella Corporation Ltd (1MC) | $64.99 Million | -144.24% | 4.26x | $2.93 Million |
| 6K Additive Inc (6KA) | $62.92 Million | -28.47% | 0.10x | $24.39 Million |
| Atlantic Lithium Ltd (A11) | $15.58 Million | -14.80% | 0.03x | $91.16 Million |
| African Gold Ltd (A1G) | $10.30 Million | -17.56% | 0.09x | $169.49 Million |
| Albright Metals Ltd (ABR) | $7.74 Million | -10.47% | 0.03x | $949.11K |
| Audalia Resources Ltd (ACP) | $2.12 Million | -18.55% | 0.04x | $893.85K |
| Accent Resources NL (ACS) | $1.74 Million | -130.20% | 4.99x | $211.71K |
| Acdc Metals Ltd (ADC) | $10.58 Million | -4.74% | 0.03x | $939.49K |
| Admiralty Resources NL (ADY) | $6.66 Million | 0.00% | 0.34x | $5.70 Million |