Tribune Resources Ltd
Tribune Resources Limited, together with its subsidiaries, engages in the development, exploration, and production of mineral properties in Australia. It primarily explores for gold and silver deposits. The company holds interests in the East Kundana joint venture and the West Kundana joint venture located in Western Australia; and the Japa project located in Ghana, West Africa. It also holds an … Read more
Tribune Resources Ltd (TBR) - Net Assets
Latest net assets as of June 2025: AU$314.90 Million AUD
Based on the latest financial reports, Tribune Resources Ltd (TBR) has net assets worth AU$314.90 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$350.22 Million) and total liabilities (AU$35.32 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$314.90 Million |
| % of Total Assets | 89.91% |
| Annual Growth Rate | 13.3% |
| 5-Year Change | 3.04% |
| 10-Year Change | 61.1% |
| Growth Volatility | 29.23 |
Tribune Resources Ltd - Net Assets Trend (1989–2025)
This chart illustrates how Tribune Resources 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 Tribune Resources Ltd (1989–2025)
The table below shows the annual net assets of Tribune Resources Ltd from 1989 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$314.90 Million | +9.94% |
| 2024-06-30 | AU$286.43 Million | -1.23% |
| 2023-06-30 | AU$289.99 Million | -2.98% |
| 2022-06-30 | AU$298.91 Million | -2.19% |
| 2021-06-30 | AU$305.60 Million | +15.26% |
| 2020-06-30 | AU$265.15 Million | +8.72% |
| 2019-06-30 | AU$243.88 Million | -13.84% |
| 2018-06-30 | AU$283.07 Million | +26.68% |
| 2017-06-30 | AU$223.45 Million | +14.32% |
| 2016-06-30 | AU$195.47 Million | +25.98% |
| 2015-06-30 | AU$155.16 Million | +9.59% |
| 2014-06-30 | AU$141.57 Million | +5.07% |
| 2013-06-30 | AU$134.74 Million | +26.47% |
| 2012-06-30 | AU$106.54 Million | +14.50% |
| 2011-06-30 | AU$93.04 Million | +13.73% |
| 2010-06-30 | AU$81.81 Million | +75.92% |
| 2009-06-30 | AU$46.50 Million | +17.32% |
| 2008-06-30 | AU$39.64 Million | +32.07% |
| 2007-06-30 | AU$30.01 Million | +60.89% |
| 2006-06-30 | AU$18.65 Million | +26.71% |
| 2005-06-30 | AU$14.72 Million | -18.45% |
| 2004-06-30 | AU$18.05 Million | +45.19% |
| 2003-06-30 | AU$12.43 Million | +56.66% |
| 2002-06-30 | AU$7.94 Million | +134.50% |
| 2001-06-30 | AU$3.38 Million | +19.67% |
| 2000-06-30 | AU$2.83 Million | +9.31% |
| 1999-06-30 | AU$2.59 Million | -3.57% |
| 1998-06-30 | AU$2.68 Million | -8.14% |
| 1997-06-30 | AU$2.92 Million | +11.28% |
| 1996-06-30 | AU$2.62 Million | +12.30% |
| 1995-06-30 | AU$2.34 Million | +0.34% |
| 1994-06-30 | AU$2.33 Million | +6.30% |
| 1993-06-30 | AU$2.19 Million | -3.10% |
| 1992-06-30 | AU$2.26 Million | -26.76% |
| 1991-06-30 | AU$3.09 Million | -5.77% |
| 1990-06-30 | AU$3.28 Million | -6.69% |
| 1989-06-30 | AU$3.51 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tribune 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 grown by 19845033700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$198.41 Million | 76.79% |
| Common Stock | AU$58.20 Million | 22.53% |
| Other Comprehensive Income | AU$1.76 Million | 0.68% |
| Other Components | AU$1.00 | 0.00% |
| Total Equity | AU$258.37 Million | 100.00% |
Tribune Resources Ltd Competitors by Market Cap
The table below lists competitors of Tribune Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Amica S.A.
WAR:AMC
|
$63.17 Million |
|
XAC Automation
TWO:5490
|
$63.18 Million |
|
CI GAMES S.A. ZY -01
F:CI7
|
$63.19 Million |
|
Yayla Agro Gida Sanayi ve Ticaret A.S.
IS:YYLGD
|
$63.20 Million |
|
Alligator Energy Limited
PINK:ALGEF
|
$63.13 Million |
|
Silicon Optronics Inc
TW:3530
|
$63.12 Million |
|
CAPITAL ENVIRO.HLDG.HD-01
F:H2Y
|
$63.10 Million |
|
Dohwa Engin
KO:002150
|
$63.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tribune Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 233,869,184 to 258,367,702, a change of 24,498,518 (10.5%).
- Net income of 33,235,836 contributed positively to equity growth.
- Dividend payments of 13,523,535 reduced retained earnings.
- Other comprehensive income increased equity by 1,278,197.
- Other factors increased equity by 3,508,020.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$33.24 Million | +12.86% |
| Dividends Paid | AU$13.52 Million | -5.23% |
| Other Comprehensive Income | AU$1.28 Million | +0.49% |
| Other Changes | AU$3.51 Million | +1.36% |
| Total Change | AU$- | 10.48% |
Book Value vs Market Value Analysis
This analysis compares Tribune 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: 1.21x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 89.42x to 1.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-06-30 | AU$0.07 | AU$5.91 | x |
| 1990-06-30 | AU$0.06 | AU$5.91 | x |
| 1991-06-30 | AU$0.06 | AU$5.91 | x |
| 1992-06-30 | AU$0.10 | AU$5.91 | x |
| 1993-06-30 | AU$0.09 | AU$5.91 | x |
| 1994-06-30 | AU$0.09 | AU$5.91 | x |
| 1995-06-30 | AU$0.09 | AU$5.91 | x |
| 1996-06-30 | AU$0.09 | AU$5.91 | x |
| 1997-06-30 | AU$0.10 | AU$5.91 | x |
| 1998-06-30 | AU$0.07 | AU$5.91 | x |
| 1999-06-30 | AU$0.07 | AU$5.91 | x |
| 2000-06-30 | AU$0.08 | AU$5.91 | x |
| 2001-06-30 | AU$0.09 | AU$5.91 | x |
| 2002-06-30 | AU$0.19 | AU$5.91 | x |
| 2003-06-30 | AU$0.25 | AU$5.91 | x |
| 2004-06-30 | AU$0.36 | AU$5.91 | x |
| 2005-06-30 | AU$0.30 | AU$5.91 | x |
| 2006-06-30 | AU$0.37 | AU$5.91 | x |
| 2007-06-30 | AU$0.59 | AU$5.91 | x |
| 2008-06-30 | AU$0.72 | AU$5.91 | x |
| 2009-06-30 | AU$0.85 | AU$5.91 | x |
| 2010-06-30 | AU$1.06 | AU$5.91 | x |
| 2011-06-30 | AU$1.23 | AU$5.91 | x |
| 2012-06-30 | AU$1.46 | AU$5.91 | x |
| 2013-06-30 | AU$2.06 | AU$5.91 | x |
| 2014-06-30 | AU$2.31 | AU$5.91 | x |
| 2015-06-30 | AU$2.51 | AU$5.91 | x |
| 2016-06-30 | AU$3.15 | AU$5.91 | x |
| 2017-06-30 | AU$3.59 | AU$5.91 | x |
| 2018-06-30 | AU$4.54 | AU$5.91 | x |
| 2019-06-30 | AU$3.61 | AU$5.91 | x |
| 2020-06-30 | AU$3.93 | AU$5.91 | x |
| 2021-06-30 | AU$4.91 | AU$5.91 | x |
| 2022-06-30 | AU$4.64 | AU$5.91 | x |
| 2023-06-30 | AU$4.54 | AU$5.91 | x |
| 2024-06-30 | AU$4.46 | AU$5.91 | x |
| 2025-06-30 | AU$4.89 | AU$5.91 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tribune Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.86%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.66%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.36x
- Recent ROE (12.86%) is above the historical average (6.53%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | -1.28% | 0.00% | 0.00x | 1.00x | AU$-396.10K |
| 1990 | -16.33% | 0.00% | 0.00x | 1.01x | AU$-862.60K |
| 1991 | -6.15% | 0.00% | 0.00x | 1.03x | AU$-498.70K |
| 1992 | -46.44% | 0.00% | 0.00x | 1.02x | AU$-1.28 Million |
| 1993 | -7.39% | 0.00% | 0.00x | 1.04x | AU$-381.10K |
| 1994 | -11.81% | 0.00% | 0.00x | 1.02x | AU$-507.90K |
| 1995 | -3.94% | 0.00% | 0.00x | 1.02x | AU$-325.70K |
| 1996 | -5.84% | 0.00% | 0.00x | 1.02x | AU$-415.64K |
| 1997 | -9.99% | 0.00% | 0.00x | 1.01x | AU$-583.79K |
| 1998 | -8.86% | 0.00% | 0.00x | 1.00x | AU$-505.87K |
| 1999 | -3.70% | 0.00% | 0.00x | 1.01x | AU$-354.40K |
| 2000 | 5.69% | 0.00% | 0.00x | 1.01x | AU$-121.94K |
| 2001 | -26.71% | -7531.59% | 0.00x | 1.51x | AU$-1.24 Million |
| 2002 | 3.05% | 8.40% | 0.18x | 1.99x | AU$-551.72K |
| 2003 | 36.17% | 18.54% | 1.40x | 1.39x | AU$3.25 Million |
| 2004 | 31.13% | 22.41% | 1.14x | 1.22x | AU$3.81 Million |
| 2005 | -25.66% | -232437.72% | 0.00x | 1.86x | AU$-5.25 Million |
| 2006 | 42.66% | 36.23% | 0.58x | 2.03x | AU$6.09 Million |
| 2007 | 33.44% | 27.41% | 0.99x | 1.23x | AU$7.03 Million |
| 2008 | 18.84% | 22.08% | 0.74x | 1.15x | AU$3.51 Million |
| 2009 | 14.73% | 19.96% | 0.64x | 1.15x | AU$2.20 Million |
| 2010 | 33.94% | 41.17% | 0.47x | 1.76x | AU$14.06 Million |
| 2011 | 10.88% | 11.73% | 0.51x | 1.81x | AU$596.65K |
| 2012 | 14.09% | 18.50% | 0.40x | 1.92x | AU$3.24 Million |
| 2013 | 25.92% | 26.23% | 0.62x | 1.60x | AU$17.06 Million |
| 2014 | 6.79% | 7.96% | 0.62x | 1.37x | AU$-3.72 Million |
| 2015 | 5.58% | 7.99% | 0.51x | 1.37x | AU$-5.56 Million |
| 2016 | 19.51% | 25.99% | 0.52x | 1.44x | AU$14.97 Million |
| 2017 | 19.20% | 25.22% | 0.50x | 1.54x | AU$16.52 Million |
| 2018 | 18.54% | 23.39% | 0.56x | 1.41x | AU$19.38 Million |
| 2019 | 18.08% | 9.51% | 1.15x | 1.66x | AU$15.48 Million |
| 2020 | 22.20% | 26.88% | 0.59x | 1.40x | AU$26.50 Million |
| 2021 | 19.70% | 28.58% | 0.50x | 1.37x | AU$24.99 Million |
| 2022 | 0.72% | 1.45% | 0.38x | 1.33x | AU$-23.02 Million |
| 2023 | 0.22% | 0.57% | 0.30x | 1.29x | AU$-23.27 Million |
| 2024 | 1.85% | 4.02% | 0.34x | 1.34x | AU$-19.05 Million |
| 2025 | 12.86% | 20.66% | 0.46x | 1.36x | AU$7.40 Million |
Industry Comparison
This section compares Tribune Resources Ltd's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $23,959,302
- Average return on equity (ROE) among peers: -1270.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tribune Resources Ltd (TBR) | AU$314.90 Million | -1.28% | 0.11x | $63.14 Million |
| Australasian Metals Ltd (A8G) | $5.85 Million | -16.53% | 0.05x | $1.25 Million |
| Ariana Resources Plc (AA2) | $21.37 Million | -1.02% | 0.03x | $43.13 Million |
| Aruma Resources Ltd (AAJ) | $1.10 Million | -25.68% | 0.39x | $2.13 Million |
| Astral Resources NL (AAR) | $4.81K | -12574.39% | 0.18x | $138.29 Million |
| Adelong Gold Ltd (ADG) | $911.18K | -70.31% | 0.11x | $6.07 Million |
| Ardiden Ltd (ADV) | $5.54 Million | -12.67% | 0.11x | $10.37 Million |
| Ark Mines Ltd (AHK) | $-7.71 Million | 0.00% | 0.00x | $8.35 Million |
| Aureka Ltd (AKA) | $28.36 Million | 9.46% | 0.19x | $6.23 Million |
| Alkane Resources Ltd (ALK) | $174.22 Million | -3.54% | 0.15x | $203.33 Million |
| Alchemy Resources Ltd (ALY) | $9.94 Million | -8.10% | 0.02x | $4.22 Million |