Verity Resources Ltd

AU:VRL Australia Other Industrial Metals & Mining
Market Cap
$5.57 Million
AU$9.00 Million AUD
Market Cap Rank
#32691 Global
#1087 in Australia
Share Price
AU$0.02
Change (1 day)
+0.00%
52-Week Range
AU$0.01 - AU$0.03
All Time High
AU$0.03
Categories
Companies in Australia Other Industrial Metals & Mining
About

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. Its flagship project, the Monument gold project, comprises approximately 195 square kilometers of prospective tenure locat… Read more

Verity Resources Ltd (VRL) - Net Assets

Latest net assets as of June 2025: AU$1.79 Million AUD

Based on the latest financial reports, Verity Resources Ltd (VRL) has net assets worth AU$1.79 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$2.21 Million) and total liabilities (AU$418.47K). 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$1.79 Million
% of Total Assets 81.06%
Annual Growth Rate -7.97%
5-Year Change -59.86%
10-Year Change -76.11%
Growth Volatility 97.27

Verity Resources Ltd - Net Assets Trend (1989–2025)

This chart illustrates how Verity 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 Verity Resources Ltd (1989–2025)

The table below shows the annual net assets of Verity Resources Ltd from 1989 to 2025.

Year Net Assets Change
2025-06-30 AU$1.79 Million +22.48%
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 -98.58%
2008-06-30 AU$732.76 Million +25.10%
2007-06-30 AU$585.75 Million -0.77%
2006-06-30 AU$590.33 Million -23.51%
2005-06-30 AU$771.76 Million -18.65%
2004-06-30 AU$948.72 Million -11.99%
2003-06-30 AU$1.08 Billion -10.29%
2002-06-30 AU$1.20 Billion -1.93%
2001-06-30 AU$1.23 Billion +19.04%
2000-06-30 AU$1.03 Billion +1.18%
1999-06-30 AU$1.02 Billion +8.42%
1998-06-30 AU$938.19 Million +13.01%
1997-06-30 AU$830.20 Million +9.96%
1996-06-30 AU$755.00 Million +57.43%
1995-06-30 AU$479.59 Million +141.57%
1994-06-30 AU$198.53 Million +55.91%
1993-06-30 AU$127.33 Million +55.89%
1992-06-30 AU$81.68 Million +68.68%
1991-06-30 AU$48.42 Million +14.99%
1990-06-30 AU$42.11 Million +18.34%
1989-06-30 AU$35.58 Million --

Equity Component Analysis

This analysis shows how different components contribute to Verity 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 2612153000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (June 2025)

Component Amount Percentage
Common Stock AU$35.65 Million 1991.00%
Total Equity AU$1.79 Million 100.00%

Verity Resources Ltd Competitors by Market Cap

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

Company Market Cap
Eastern International Ltd.
NASDAQ:ELOG
 		$3.32 Million
Sieu Thanh JSC
VN:ST8
 		$3.32 Million
Emira Property Fund
JSE:EMI
 		$3.32 Million
Zelan Bhd
KLSE:2283
 		$3.32 Million
Thuan An Wood Processing JSC
VN:GTA
 		$3.32 Million
SPDR Gold Shares
BE:GQ9
 		$3.32 Million
Taura Gold Inc
V:TORA
 		$3.32 Million
BC Moly Ltd.
V:BM
 		$3.32 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 1,461,859 to 1,790,490, a change of 328,631 (22.5%).
  • Net loss of 1,554,700 reduced equity.
  • Other comprehensive income decreased equity by 981,888.
  • Other factors increased equity by 2,865,219.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income AU$-1.55 Million -86.83%
Other Comprehensive Income AU$-981.89K -54.84%
Other Changes AU$2.87 Million +160.02%
Total Change AU$- 22.48%

Book Value vs Market Value Analysis

This analysis compares Verity 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: 3.43x
  • 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 0.12x to 3.43x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1989-06-30 AU$0.19 AU$0.02 x
1990-06-30 AU$0.24 AU$0.02 x
1991-06-30 AU$0.28 AU$0.02 x
1992-06-30 AU$0.52 AU$0.02 x
1993-06-30 AU$0.73 AU$0.02 x
1994-06-30 AU$1.01 AU$0.02 x
1995-06-30 AU$2.11 AU$0.02 x
1996-06-30 AU$3.35 AU$0.02 x
1997-06-30 AU$4.40 AU$0.02 x
1998-06-30 AU$3.87 AU$0.02 x
1999-06-30 AU$3.93 AU$0.02 x
2000-06-30 AU$4.19 AU$0.02 x
2001-06-30 AU$4.40 AU$0.02 x
2002-06-30 AU$4.31 AU$0.02 x
2003-06-30 AU$3.90 AU$0.02 x
2004-06-30 AU$3.38 AU$0.02 x
2005-06-30 AU$3.44 AU$0.02 x
2006-06-30 AU$2.57 AU$0.02 x
2007-06-30 AU$3.02 AU$0.02 x
2008-06-30 AU$4.21 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
2025-06-30 AU$0.01 AU$0.02 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Verity 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): -86.83%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -5011.93%
  • • Asset Turnover: 0.01x
  • • Equity Multiplier: 1.23x
  • Recent ROE (-86.83%) is below the historical average (-36.35%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1989 -3.83% -34.26% 0.06x 1.97x AU$-4.92 Million
1990 -0.22% -0.69% 0.14x 2.21x AU$-4.30 Million
1991 0.13% 0.21% 0.23x 2.74x AU$-4.78 Million
1995 -1.21% -2.11% 0.30x 1.91x AU$-45.64 Million
1996 -2.58% -6.00% 0.25x 1.69x AU$-83.86 Million
1997 -1.69% -2.93% 0.32x 1.79x AU$-97.02 Million
1999 0.60% 0.00% 0.00x 2.02x AU$-90.75 Million
2000 0.22% 0.00% 0.00x 1.91x AU$-100.68 Million
2001 -0.50% -0.82% 0.31x 1.95x AU$-113.83 Million
2002 -2.29% -3.27% 0.34x 2.07x AU$-130.13 Million
2003 -1.52% -1.02% 0.49x 3.03x AU$-110.28 Million
2004 -2.03% -0.78% 0.88x 2.98x AU$-99.41 Million
2005 -1.96% -0.89% 0.64x 3.41x AU$-79.71 Million
2006 -7.05% -2.35% 0.67x 4.49x AU$-84.92 Million
2007 9.59% 2.98% 0.54x 5.94x AU$-1.91 Million
2008 42.15% 19.88% 0.59x 3.57x AU$195.93 Million
2009 -6.83% -0.05% 129.82x 1.02x AU$-1.75 Million
2010 -7.07% -0.05% 128.39x 1.02x AU$-1.62 Million
2011 -23.30% -25696.16% 0.00x 1.05x AU$-3.13 Million
2012 -12.18% -20230.26% 0.00x 1.03x AU$-2.02 Million
2013 -24.15% -30577.05% 0.00x 1.02x AU$-2.49 Million
2014 -10.96% -735.35% 0.01x 1.05x AU$-1.59 Million
2015 -9.66% -1009.68% 0.01x 1.07x AU$-1.48 Million
2016 -12.62% -2518.57% 0.00x 1.05x AU$-1.70 Million
2017 -26.97% -0.18% 141.64x 1.07x AU$-2.43 Million
2018 -77.16% -24924.97% 0.00x 1.12x AU$-1.66 Million
2019 -109.71% -6448.48% 0.01x 1.16x AU$-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 -64.32% -16096.98% 0.00x 1.10x AU$-7.86 Million
2023 -289.72% -8406.94% 0.03x 1.32x AU$-1.98 Million
2024 -306.94% -6403.23% 0.04x 1.20x AU$-4.63 Million
2025 -86.83% -5011.93% 0.01x 1.23x AU$-1.73 Million

Industry Comparison

This section compares Verity 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: $2,995,611
  • Average return on equity (ROE) among peers: -21.65%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Verity Resources Ltd (VRL) AU$1.79 Million -3.83% 0.23x $3.32 Million
EXULTANT FPO [10X] (10X) $5.63 Million -1.35% 0.01x $1.10K
Morella Corporation Ltd (1MC) $5.43 Million -6.71% 0.57x $2.93 Million
6K Additive Inc (6KA) $-21.36 Million 0.00% 0.00x $24.91 Million
Atlantic Lithium Ltd (A11) $789.39K -143.95% 0.47x $71.83 Million
African Gold Ltd (A1G) $6.42 Million -11.14% 0.01x $170.41 Million
Albright Metals Ltd (ABR) $5.61 Million 0.47% 0.11x $1.11 Million
Audalia Resources Ltd (ACP) $2.12 Million -18.55% 0.04x $893.85K
Accent Resources NL (ACS) $4.38 Million -14.12% 0.03x $211.71K
Acdc Metals Ltd (ADC) $10.13 Million -6.86% 0.04x $1.02 Million
Admiralty Resources NL (ADY) $10.81 Million -14.31% 1.16x $5.70 Million