Thunderbird Resources Ltd

AU:THB Australia Other Precious Metals & Mining
Market Cap
$9.99 Million
AU$16.13 Million AUD
Market Cap Rank
#31353 Global
#965 in Australia
Share Price
AU$0.03
Change (1 day)
+0.00%
52-Week Range
AU$0.01 - AU$0.03
All Time High
AU$1.05
Categories
Companies in Australia Other Precious Metals & Mining
About

Thunderbird Resources Limited, together with its subsidiaries, engages in the acquisition and exploration of mineral resource properties in Peru and Canada. The company explores for uranium, lithium, copper, silver, and rare earth element deposits. The company was formerly known as Valor Resources Limited and changed its name to Thunderbird Resources Limited in April 2024. Thunderbird Resources L… Read more

Thunderbird Resources Ltd (THB) - Net Assets

Latest net assets as of June 2024: AU$14.75 Million AUD

Based on the latest financial reports, Thunderbird Resources Ltd (THB) has net assets worth AU$14.75 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$17.23 Million) and total liabilities (AU$2.48 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$14.75 Million
% of Total Assets 85.61%
Annual Growth Rate 5.68%
5-Year Change 1345.77%
10-Year Change 5405.05%
Growth Volatility 261.57

Thunderbird Resources Ltd - Net Assets Trend (1997–2024)

This chart illustrates how Thunderbird 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 Thunderbird Resources Ltd (1997–2024)

The table below shows the annual net assets of Thunderbird Resources Ltd from 1997 to 2024.

Year Net Assets Change
2024-06-30 AU$14.75 Million +16.45%
2023-06-30 AU$12.66 Million -7.67%
2022-06-30 AU$13.72 Million +110.27%
2021-06-30 AU$6.52 Million +539.49%
2020-06-30 AU$1.02 Million -78.16%
2019-06-30 AU$4.67 Million +8.24%
2018-06-30 AU$4.31 Million +5.03%
2017-06-30 AU$4.11 Million +550.46%
2016-06-30 AU$-911.90K -440.42%
2015-06-30 AU$267.87K -92.56%
2014-06-30 AU$3.60 Million -89.77%
2013-06-30 AU$35.23 Million +27.73%
2012-06-30 AU$27.58 Million +72.87%
2011-06-30 AU$15.95 Million +347.88%
2010-06-30 AU$3.56 Million +111.21%
2009-06-30 AU$-31.77 Million -3.46%
2008-06-30 AU$-30.71 Million +86.32%
2007-06-30 AU$-224.51 Million -30.37%
2006-06-30 AU$-172.20 Million -900.11%
2005-06-30 AU$21.52 Million -26.70%
2004-06-30 AU$29.36 Million +158.12%
2003-06-30 AU$11.38 Million +16.51%
2002-06-30 AU$9.76 Million +12.46%
2001-06-30 AU$8.68 Million -21.54%
2000-06-30 AU$11.07 Million +45.48%
1999-06-30 AU$7.61 Million -5.23%
1998-06-30 AU$8.03 Million +141.63%
1997-06-30 AU$3.32 Million --

Equity Component Analysis

This analysis shows how different components contribute to Thunderbird 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 7548277100.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (June 2024)

Component Amount Percentage
Other Components AU$90.78 Million 615.60%
Total Equity AU$14.75 Million 100.00%

Thunderbird Resources Ltd Competitors by Market Cap

The table below lists competitors of Thunderbird Resources Ltd ranked by their market capitalization.

Company Market Cap
Real Heart
ST:HEART
 		$4.88 Million
Wahana Ottomitra Multiartha
JK:WOMF
 		$4.88 Million
3 E Network Technology Group Ltd Class A Ordinary Shares
NASDAQ:MASK
 		$4.88 Million
Subur Tiasa Holdings Bhd
KLSE:6904
 		$4.88 Million
MILA RESOUR. PLC LS-01
F:HN0
 		$4.88 Million
Intellipharmaceutics International Inc
OTCQB:IPCIF
 		$4.88 Million
CJ Century Logistics Holdings Bhd
KLSE:7117
 		$4.88 Million
Plasson Indus
TA:PLSN
 		$4.87 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Thunderbird Resources Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 12,663,244 to 14,746,486, a change of 2,083,242 (16.5%).
  • Net loss of 499,850 reduced equity.
  • Share repurchases of 66,000 reduced equity.
  • New share issuances of 1,000,000 increased equity.
  • Other comprehensive income decreased equity by 20,674,269.
  • Other factors increased equity by 22,323,361.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income AU$-499.85K -3.39%
Share Repurchases AU$66.00K -0.45%
Share Issuances AU$1.00 Million +6.78%
Other Comprehensive Income AU$-20.67 Million -140.2%
Other Changes AU$22.32 Million +151.38%
Total Change AU$- 16.45%

Book Value vs Market Value Analysis

This analysis compares Thunderbird 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: 0.35x
  • 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 increased from 0.01x to 0.35x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1997-06-30 AU$2.07 AU$0.03 x
1998-06-30 AU$0.02 AU$0.03 x
1999-06-30 AU$1.17 AU$0.03 x
2000-06-30 AU$1.06 AU$0.03 x
2001-06-30 AU$0.63 AU$0.03 x
2002-06-30 AU$0.66 AU$0.03 x
2003-06-30 AU$0.55 AU$0.03 x
2004-06-30 AU$0.63 AU$0.03 x
2005-06-30 AU$0.38 AU$0.03 x
2006-06-30 AU$-2.30 AU$0.03 x
2007-06-30 AU$-2.14 AU$0.03 x
2008-06-30 AU$-0.39 AU$0.03 x
2009-06-30 AU$-0.40 AU$0.03 x
2010-06-30 AU$0.09 AU$0.03 x
2011-06-30 AU$0.28 AU$0.03 x
2012-06-30 AU$0.27 AU$0.03 x
2013-06-30 AU$0.29 AU$0.03 x
2014-06-30 AU$0.07 AU$0.03 x
2015-06-30 AU$0.03 AU$0.03 x
2016-06-30 AU$-0.01 AU$0.03 x
2017-06-30 AU$0.01 AU$0.03 x
2018-06-30 AU$0.00 AU$0.03 x
2019-06-30 AU$0.06 AU$0.03 x
2020-06-30 AU$0.01 AU$0.03 x
2021-06-30 AU$0.07 AU$0.03 x
2022-06-30 AU$0.14 AU$0.03 x
2023-06-30 AU$0.08 AU$0.03 x
2024-06-30 AU$0.08 AU$0.03 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Thunderbird 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): -3.39%
  • 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: 1.17x
  • Recent ROE (-3.39%) is above the historical average (-39.89%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1997 -16.58% 0.00% 0.00x 1.38x AU$-882.78K
1998 -7.57% 0.00% 0.00x 1.03x AU$-1.41 Million
1999 -46.53% 0.00% 0.00x 1.08x AU$-4.30 Million
2000 -38.06% -5469.50% 0.01x 1.11x AU$-5.32 Million
2001 -27.45% 0.00% 0.00x 1.70x AU$-3.25 Million
2002 -15.96% -314.74% 0.03x 1.62x AU$-2.53 Million
2003 -20.49% -289.51% 0.04x 1.79x AU$-3.47 Million
2004 0.24% 37825.37% 0.00x 1.56x AU$-2.05 Million
2005 8.52% 1710734.72% 0.00x 5.69x AU$-214.08K
2006 0.00% -3111.89% 0.03x 0.00x AU$-99.39 Million
2007 0.00% -2610860.37% 0.00x 0.00x AU$-78.63 Million
2008 0.00% 14115.43% 189.73x 0.00x AU$107.38 Million
2009 0.00% 0.00% 0.00x 0.00x AU$2.11 Million
2010 282.44% 0.00% 0.00x 1.02x AU$9.70 Million
2011 -12.18% 0.00% 0.00x 1.03x AU$-3.54 Million
2012 -23.47% 0.00% 0.00x 1.06x AU$-9.23 Million
2013 -6.27% -3460.06% 0.00x 1.07x AU$-5.36 Million
2014 -509.69% -9492191.79% 0.00x 0.74x AU$-27.10 Million
2015 -84.95% -467418.14% 0.00x 0.46x AU$-2.25 Million
2016 0.00% -4426.03% 0.22x 0.00x AU$-1.22 Million
2017 -39.05% -38746.21% 0.00x 3.70x AU$-2.01 Million
2018 -90.01% -1198589.51% 0.00x 3.83x AU$-4.31 Million
2019 -86.43% -57661471.43% 0.00x 3.87x AU$-4.50 Million
2020 -303.38% -386803.88% 0.00x 15.64x AU$-3.20 Million
2021 -37.23% -46080.68% 0.00x 1.08x AU$-3.08 Million
2022 -26.77% -966206.32% 0.00x 1.15x AU$-5.04 Million
2023 -12.76% -704.76% 0.02x 1.19x AU$-2.88 Million
2024 -3.39% 0.00% 0.00x 1.17x AU$-1.97 Million

Industry Comparison

This section compares Thunderbird Resources Ltd's net assets metrics with peer companies in the Other Precious Metals & Mining industry.

Industry Context

  • Industry: Other Precious Metals & Mining
  • Average net assets among peers: $113,835,527
  • Average return on equity (ROE) among peers: -62.53%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Thunderbird Resources Ltd (THB) AU$14.75 Million -16.58% 0.17x $4.88 Million
29METALS Ltd (29M) $769.54 Million 15.73% 0.71x $171.73 Million
Aic Mines Ltd (A1M) $8.72 Million -78.07% 0.14x $147.29 Million
Australian Critical Minerals Ltd (ACM) $-14.00K 0.00% 0.00x $1.43 Million
Alvo Minerals Ltd (ALV) $3.02 Million -198.12% 0.08x $2.34 Million
Alicanto Minerals Ltd (AQI) $4.78 Million -147.27% 0.13x $43.93 Million
Askari Metals Ltd (AS2) $11.00 Million -56.43% 0.12x $2.21 Million
Altitude Minerals Ltd (ATT) $4.14 Million -122.29% 0.15x $2.59 Million
Avira Resources Ltd (AVW) $7.03 Million -32.56% 0.54x $1.27 Million
Antipa Minerals Ltd (AZY) $98.25 Million -5.44% 0.06x $209.72 Million
Burgundy Diamond Mines Ltd (BDM) $231.89 Million -0.88% 3.22x $10.17 Million