Syrah Resources Ltd (SYR) - Net Assets
Based on the latest financial reports, Syrah Resources Ltd (SYR) has net assets worth AU$325.96 Million AUD (≈ $230.64 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$711.66 Million ≈ $503.55 Million USD) and total liabilities (AU$385.70 Million ≈ $272.91 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 Syrah Resources Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$325.96 Million |
| % of Total Assets | 45.8% |
| Annual Growth Rate | 27.0% |
| 5-Year Change | 11.78% |
| 10-Year Change | 5.48% |
| Growth Volatility | 192.42 |
Syrah Resources Ltd - Net Assets Trend (2007–2025)
This chart illustrates how Syrah Resources Ltd's net assets have evolved over time, based on quarterly financial data. See Syrah Resources Ltd (SYR) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Syrah Resources Ltd (2007–2025)
The table below shows the annual net assets of Syrah Resources Ltd from 2007 to 2025. For live valuation and market cap data, see Syrah Resources Ltd (SYR) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | AU$325.96 Million ≈ $230.64 Million |
-14.72% |
| 2024-12-31 | AU$382.23 Million ≈ $270.45 Million |
+8.22% |
| 2023-12-31 | AU$353.21 Million ≈ $249.92 Million |
-20.01% |
| 2022-12-31 | AU$441.57 Million ≈ $312.44 Million |
+51.42% |
| 2021-12-31 | AU$291.62 Million ≈ $206.34 Million |
-11.83% |
| 2020-12-31 | AU$330.74 Million ≈ $234.02 Million |
-6.05% |
| 2019-12-31 | AU$352.05 Million ≈ $249.09 Million |
-28.01% |
| 2018-12-31 | AU$489.02 Million ≈ $346.01 Million |
+26.47% |
| 2017-12-31 | AU$386.66 Million ≈ $273.59 Million |
+25.12% |
| 2016-12-31 | AU$309.04 Million ≈ $218.66 Million |
+22.07% |
| 2015-12-31 | AU$253.17 Million ≈ $179.14 Million |
+330.27% |
| 2014-12-31 | AU$58.84 Million ≈ $41.63 Million |
-3.17% |
| 2013-12-31 | AU$60.77 Million ≈ $43.00 Million |
+79.44% |
| 2012-12-31 | AU$33.86 Million ≈ $23.96 Million |
+78.79% |
| 2011-12-31 | AU$18.94 Million ≈ $13.40 Million |
+791.49% |
| 2010-12-31 | AU$2.12 Million ≈ $1.50 Million |
+2.50% |
| 2009-12-31 | AU$2.07 Million ≈ $1.47 Million |
-14.06% |
| 2008-12-31 | AU$2.41 Million ≈ $1.71 Million |
-45.34% |
| 2007-12-31 | AU$4.41 Million ≈ $3.12 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Syrah Resources 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 64425255000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$986.52 Million | 299.43% |
| Other Comprehensive Income | AU$-12.66 Million | -3.84% |
| Total Equity | AU$329.47 Million | 100.00% |
Syrah Resources Ltd Competitors by Market Cap
The table below lists competitors of Syrah Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Churchill Capital Corp X Class A Ordinary Shares
NYSE:CCCX
|
$187.65 Million |
|
Vitzro Tech Co. Ltd
KQ:042370
|
$187.67 Million |
|
Rhom Bho Property Public Company Limited
BK:TITLE
|
$187.70 Million |
|
Com2uS Corporation
KQ:078340
|
$187.70 Million |
|
PTT Synergy Group Bhd
KLSE:7010
|
$187.57 Million |
|
Newcap Holding A/S
CO:NEWCAP
|
$187.55 Million |
|
Copley Acquisition Corp
NYSE:COPL
|
$187.51 Million |
|
Bahvest Resources Bhd
KLSE:0098
|
$187.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Syrah Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 382,866,000 to 329,469,179, a change of -53,396,821 (-13.9%).
- Net loss of 101,208,440 reduced equity.
- Share repurchases of 1,731,000 reduced equity.
- New share issuances of 45,524,000 increased equity.
- Other comprehensive income increased equity by 3,224,529.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-101.21 Million | -30.72% |
| Share Repurchases | AU$1.73 Million | -0.53% |
| Share Issuances | AU$45.52 Million | +13.82% |
| Other Comprehensive Income | AU$3.22 Million | +0.98% |
| Other Changes | AU$794.09K | +0.24% |
| Total Change | AU$- | -13.95% |
Book Value vs Market Value Analysis
This analysis compares Syrah Resources 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: 0.40x
- 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 8.56x to 0.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | AU$0.01 | AU$0.12 | x |
| 2007-12-31 | AU$0.01 | AU$0.12 | x |
| 2008-12-31 | AU$0.01 | AU$0.12 | x |
| 2009-12-31 | AU$0.00 | AU$0.12 | x |
| 2010-12-31 | AU$0.00 | AU$0.12 | x |
| 2011-12-31 | AU$0.04 | AU$0.12 | x |
| 2012-12-31 | AU$0.08 | AU$0.12 | x |
| 2013-12-31 | AU$0.15 | AU$0.12 | x |
| 2014-12-31 | AU$0.10 | AU$0.12 | x |
| 2015-12-31 | AU$1.09 | AU$0.12 | x |
| 2016-12-31 | AU$0.72 | AU$0.12 | x |
| 2017-12-31 | AU$0.90 | AU$0.12 | x |
| 2018-12-31 | AU$1.04 | AU$0.12 | x |
| 2019-12-31 | AU$0.82 | AU$0.12 | x |
| 2020-12-31 | AU$0.77 | AU$0.12 | x |
| 2021-12-31 | AU$0.56 | AU$0.12 | x |
| 2022-12-31 | AU$0.67 | AU$0.12 | x |
| 2023-12-31 | AU$0.52 | AU$0.12 | x |
| 2024-12-31 | AU$0.42 | AU$0.12 | x |
| 2025-12-31 | AU$0.29 | AU$0.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Syrah Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -30.72%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -292.98%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 2.16x
- Recent ROE (-30.72%) is below the historical average (-21.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -28.09% | -590.15% | 0.05x | 1.01x | AU$-1.68 Million |
| 2008 | -54.33% | 0.00% | 0.00x | 1.01x | AU$-1.55 Million |
| 2009 | -55.47% | -1669.47% | 0.03x | 1.12x | AU$-1.36 Million |
| 2010 | -49.59% | -2194.85% | 0.02x | 1.08x | AU$-1.27 Million |
| 2011 | -11.14% | -2911.06% | 0.00x | 1.04x | AU$-4.00 Million |
| 2012 | -12.83% | -107931.64% | 0.00x | 1.02x | AU$-7.73 Million |
| 2013 | -9.85% | -1550.31% | 0.01x | 0.95x | AU$-12.81 Million |
| 2014 | -20.62% | -3014.36% | 0.00x | 1.38x | AU$-13.25 Million |
| 2015 | -2.57% | -815.34% | 0.00x | 1.04x | AU$-31.83 Million |
| 2016 | -4.54% | -1095.50% | 0.00x | 1.06x | AU$-44.94 Million |
| 2017 | -3.20% | -956.40% | 0.00x | 1.07x | AU$-51.03 Million |
| 2018 | -6.74% | -2485.72% | 0.00x | 1.22x | AU$-74.52 Million |
| 2019 | -37.53% | -183.03% | 0.17x | 1.23x | AU$-167.33 Million |
| 2020 | -20.50% | -628.49% | 0.03x | 1.30x | AU$-100.88 Million |
| 2021 | -19.74% | -202.27% | 0.07x | 1.49x | AU$-85.47 Million |
| 2022 | -5.60% | -23.08% | 0.19x | 1.31x | AU$-68.52 Million |
| 2023 | -24.21% | -174.07% | 0.07x | 1.99x | AU$-120.37 Million |
| 2024 | -20.25% | -397.55% | 0.03x | 1.81x | AU$-115.83 Million |
| 2025 | -30.72% | -292.98% | 0.05x | 2.16x | AU$-134.16 Million |
Industry Comparison
This section compares Syrah Resources 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: $4,061,480
- Average return on equity (ROE) among peers: -1631.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Syrah Resources Ltd (SYR) | AU$325.96 Million | -28.09% | 1.18x | $187.57 Million |
| Morella Corporation Ltd (1MC) | $26.74 Million | -3.42% | 0.33x | $7.21 Million |
| Amaero Ltd (3DA) | $8.19 Million | -70.52% | 0.51x | $185.35 Million |
| 6K Additive Inc (6KA) | $-42.72 Million | 0.00% | 0.00x | $150.34 Million |
| Atlantic Lithium Ltd (A11) | $138.00K | -62.13% | 3.42x | $175.81 Million |
| African Gold Ltd (A1G) | $10.30 Million | -17.56% | 0.09x | $419.02 Million |
| Albright Metals Ltd (ABR) | $11.97 Million | -13.72% | 0.04x | $3.15 Million |
| Audalia Resources Ltd (ACP) | $3.93 Million | -26.01% | 0.91x | $14.69 Million |
| Accent Resources NL (ACS) | $11.92 Million | -12.41% | 0.02x | $13.51 Million |
| Acdc Metals Ltd (ADC) | $10.13 Million | -6.86% | 0.04x | $3.42 Million |
| Andromeda Metals Ltd (ADN) | $6.91K | -16101.53% | 0.21x | $22.90 Million |
About Syrah Resources Ltd
Syrah Resources Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of mineral properties in Australia, China, Europe, India, the Americas, and internationally. It operates through Balama and Vidalia segments. The company's flagship project is the Balama graphite; and vanadium project located in Cabo Delgado Province, Mozambique. It also involved in th… Read more