Theta Gold Mines Ltd (TGM) - Net Assets
Based on the latest financial reports, Theta Gold Mines Ltd (TGM) has net assets worth AU$5.15 Million AUD (≈ $3.65 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$29.31 Million ≈ $20.74 Million USD) and total liabilities (AU$24.16 Million ≈ $17.09 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 how resilient are Theta Gold Mines Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$5.15 Million |
| % of Total Assets | 17.58% |
| Annual Growth Rate | 0.92% |
| 5-Year Change | -40.68% |
| 10-Year Change | N/A |
| Growth Volatility | 183.04 |
Theta Gold Mines Ltd - Net Assets Trend (2010–2025)
This chart illustrates how Theta Gold Mines Ltd's net assets have evolved over time, based on quarterly financial data. Also explore TGM asset base for the complete picture of this company's asset base.
Annual Net Assets for Theta Gold Mines Ltd (2010–2025)
The table below shows the annual net assets of Theta Gold Mines Ltd from 2010 to 2025. For live valuation and market cap data, see Theta Gold Mines Ltd (TGM) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$5.15 Million ≈ $3.65 Million |
+343.11% |
| 2024-06-30 | AU$-2.12 Million ≈ $-1.50 Million |
-105.11% |
| 2023-06-30 | AU$-1.03 Million ≈ $-731.32K |
-114.75% |
| 2022-06-30 | AU$7.01 Million ≈ $4.96 Million |
-19.38% |
| 2021-06-30 | AU$8.69 Million ≈ $6.15 Million |
+110.67% |
| 2020-06-30 | AU$4.12 Million ≈ $2.92 Million |
-28.57% |
| 2019-06-30 | AU$5.77 Million ≈ $4.09 Million |
+188.33% |
| 2018-06-30 | AU$2.00 Million ≈ $1.42 Million |
+318.04% |
| 2017-06-30 | AU$479.02K ≈ $338.94K |
+911.66% |
| 2016-06-30 | AU$-59.02K ≈ $-41.76K |
+87.44% |
| 2015-06-30 | AU$-469.77K ≈ $-332.39K |
-106.42% |
| 2014-06-30 | AU$7.31 Million ≈ $5.17 Million |
-38.05% |
| 2013-06-30 | AU$11.80 Million ≈ $8.35 Million |
+489.19% |
| 2012-06-30 | AU$2.00 Million ≈ $1.42 Million |
-45.38% |
| 2011-06-30 | AU$3.67 Million ≈ $2.60 Million |
-18.36% |
| 2010-06-30 | AU$4.49 Million ≈ $3.18 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Theta Gold Mines 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 11431262213.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$113.41 Million | 2200.45% |
| Other Comprehensive Income | AU$5.20 Million | 100.97% |
| Other Components | AU$1.47 Million | 28.54% |
| Total Equity | AU$5.15 Million | 100.00% |
Theta Gold Mines Ltd Competitors by Market Cap
The table below lists competitors of Theta Gold Mines Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Naturhouse Health SA
MC:NTH
|
$150.47 Million |
|
Intai Technology
TWO:4163
|
$150.49 Million |
|
Service & Quality Technology Co Ltd
TWO:3219
|
$150.50 Million |
|
Kyochon F And B Co Ltd
KO:339770
|
$150.51 Million |
|
Garda Property Group
AU:GDF
|
$150.45 Million |
|
Arrowmark Financial Corp
NASDAQ:BANX
|
$150.43 Million |
|
Dune Acquisition Corporation II Class A Ordinary Shares
NASDAQ:IPOD
|
$150.33 Million |
|
IFGL Refractories Limited
NSE:IFGLEXPOR
|
$150.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Theta Gold Mines Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -2,119,999 to 5,154,000, a change of 7,273,999.
- Net loss of 6,894,000 reduced equity.
- Share repurchases of 13,359,000 reduced equity.
- Other comprehensive income increased equity by 638,000.
- Other factors increased equity by 26,888,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-6.89 Million | -133.76% |
| Share Repurchases | AU$13.36 Million | -259.2% |
| Other Comprehensive Income | AU$638.00K | +12.38% |
| Other Changes | AU$26.89 Million | +521.71% |
| Total Change | AU$- | % |
Book Value vs Market Value Analysis
This analysis compares Theta Gold Mines 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: 33.27x
- 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 1.23x to 33.27x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-06-30 | AU$0.16 | AU$0.20 | x |
| 2011-06-30 | AU$0.23 | AU$0.20 | x |
| 2012-06-30 | AU$0.49 | AU$0.20 | x |
| 2013-06-30 | AU$0.31 | AU$0.20 | x |
| 2014-06-30 | AU$0.19 | AU$0.20 | x |
| 2015-06-30 | AU$0.04 | AU$0.20 | x |
| 2016-06-30 | AU$0.01 | AU$0.20 | x |
| 2017-06-30 | AU$0.00 | AU$0.20 | x |
| 2018-06-30 | AU$0.01 | AU$0.20 | x |
| 2019-06-30 | AU$0.02 | AU$0.20 | x |
| 2020-06-30 | AU$0.01 | AU$0.20 | x |
| 2021-06-30 | AU$0.02 | AU$0.20 | x |
| 2022-06-30 | AU$0.01 | AU$0.20 | x |
| 2023-06-30 | AU$0.00 | AU$0.20 | x |
| 2024-06-30 | AU$0.00 | AU$0.20 | x |
| 2025-06-30 | AU$0.01 | AU$0.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Theta Gold Mines Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -133.76%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 5.69x
- Recent ROE (-133.76%) is above the historical average (-217.50%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | -31.59% | 0.00% | 0.00x | 1.13x | AU$-1.53 Million |
| 2012 | -94.80% | 0.00% | 0.00x | 1.15x | AU$-2.10 Million |
| 2013 | -215.39% | -414.79% | 0.32x | 1.64x | AU$-28.57 Million |
| 2014 | -131.09% | 0.00% | 0.00x | 2.42x | AU$-12.72 Million |
| 2015 | -313.56% | -4656.09% | 0.01x | 6.48x | AU$-7.26 Million |
| 2016 | -183.47% | -8186.85% | 0.01x | 4.14x | AU$-3.97 Million |
| 2017 | -1537.31% | -11329.22% | 0.00x | 28.64x | AU$-7.41 Million |
| 2018 | -195.88% | -532886.23% | 0.00x | 6.70x | AU$-4.12 Million |
| 2019 | -87.56% | -5378.18% | 0.01x | 2.59x | AU$-5.63 Million |
| 2020 | -137.59% | -4651.20% | 0.01x | 3.39x | AU$-6.09 Million |
| 2021 | -50.24% | -6419.12% | 0.00x | 2.23x | AU$-5.23 Million |
| 2022 | -150.32% | -10855.30% | 0.00x | 4.12x | AU$-11.23 Million |
| 2023 | 0.00% | -8778.80% | 0.00x | 0.00x | AU$-10.34 Million |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-6.18 Million |
| 2025 | -133.76% | 0.00% | 0.00x | 5.69x | AU$-7.41 Million |
Industry Comparison
This section compares Theta Gold Mines Ltd's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $7,107,544
- Average return on equity (ROE) among peers: -107.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Theta Gold Mines Ltd (TGM) | AU$5.15 Million | -31.59% | 4.69x | $150.47 Million |
| Australasian Metals Ltd (A8G) | $5.85 Million | -16.53% | 0.05x | $3.19 Million |
| Ariana Resources Plc (AA2) | $21.37 Million | -1.02% | 0.03x | $59.56 Million |
| Aruma Resources Ltd (AAJ) | $4.26 Million | -76.11% | 0.14x | $5.69 Million |
| Astral Resources NL (AAR) | $11.28 Million | 49.48% | 0.09x | $197.52 Million |
| Antilles Gold Ltd (AAU) | $4.86 Million | 10.22% | 0.16x | $28.68 Million |
| Adelong Gold Ltd (ADG) | $2.90 Million | -71.05% | 0.15x | $11.32 Million |
| Ardiden Ltd (ADV) | $1.30 Million | -752.46% | 0.85x | $58.54 Million |
| Australian Gold and Copper Ltd (AGC) | $17.69 Million | -3.27% | 0.01x | $33.34 Million |
| Ark Mines Ltd (AHK) | $1.27 Million | -210.75% | 0.02x | $17.91 Million |
| Alkane Resources Ltd (ALK) | $303.00K | -0.66% | 2.68x | $1.39 Billion |
About Theta Gold Mines Ltd
Theta Gold Mines Limited engages in the gold exploration and development business in South Africa. The company's flagship project is the TGME Gold Mine project located in South Africa. The company was formerly known as Stonewall Resources Limited and changed its name to Theta Gold Mines Limited in December 2018. Theta Gold Mines Limited was incorporated in 2008 and is based in Sydney, Australia.