Victory Metals Ltd
Victory Metals Limited engages in the exploration and development of mineral properties in Australia. The company explores for rare earth elements and gold deposits. Its flagship project is the North Stanmore heavy rare earth elements, scandium, hafnium, and gallium project located on the north of Cue Region, Western Australia. The company was formerly known as Victory Goldfields Limited and chan… Read more
Victory Metals Ltd (VTM) - Net Assets
Latest net assets as of June 2025: AU$16.12 Million AUD
Based on the latest financial reports, Victory Metals Ltd (VTM) has net assets worth AU$16.12 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$17.40 Million) and total liabilities (AU$1.28 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$16.12 Million |
| % of Total Assets | 92.65% |
| Annual Growth Rate | -9.63% |
| 5-Year Change | N/A |
| 10-Year Change | -78.53% |
| Growth Volatility | 111.06 |
Victory Metals Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Victory Metals 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 Victory Metals Ltd (2012–2024)
The table below shows the annual net assets of Victory Metals Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$16.12 Million | +53.76% |
| 2023-12-31 | AU$10.49 Million | +26.76% |
| 2022-12-31 | AU$8.27 Million | +142.65% |
| 2021-12-31 | AU$3.41 Million | +1196.10% |
| 2020-12-31 | AU$-311.01K | -570.41% |
| 2019-12-31 | AU$-46.39K | -263.45% |
| 2018-12-31 | AU$28.38K | -76.87% |
| 2017-12-31 | AU$122.72K | +100.62% |
| 2016-12-31 | AU$-19.84 Million | -126.42% |
| 2015-12-31 | AU$75.08 Million | +0.62% |
| 2014-12-31 | AU$74.62 Million | +15.62% |
| 2013-12-31 | AU$64.54 Million | +18.73% |
| 2012-12-31 | AU$54.36 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Victory Metals 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 147.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$26.88 Million | 166.71% |
| Other Comprehensive Income | AU$185.87K | 1.15% |
| Total Equity | AU$16.12 Million | 100.00% |
Victory Metals Ltd Competitors by Market Cap
The table below lists competitors of Victory Metals Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Acset Indonusa Tbk
JK:ACST
|
$10.84 Million |
|
Tah Tong Textile Co Ltd
TW:1441
|
$10.84 Million |
|
Two Hands Corp
PINK:TWOH
|
$10.84 Million |
|
Konsortium Transnasional Bhd
KLSE:4847
|
$10.84 Million |
|
Han Express
KO:014130
|
$10.83 Million |
|
Advanced Braking Technology Ltd
AU:ABV
|
$10.83 Million |
|
Beryl 8 Plus Public Company Limited
BK:BE8
|
$10.83 Million |
|
Orient Ceratech Limited
NSE:ORIENTCER
|
$10.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Victory Metals Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,485,700 to 16,122,710, a change of 5,637,010 (53.8%).
- Net loss of 3,700,431 reduced equity.
- Share repurchases of 7,723,190 reduced equity.
- Other comprehensive income decreased equity by 1,111,040.
- Other factors increased equity by 18,171,671.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-3.70 Million | -22.95% |
| Share Repurchases | AU$7.72 Million | -47.9% |
| Other Comprehensive Income | AU$-1.11 Million | -6.89% |
| Other Changes | AU$18.17 Million | +112.71% |
| Total Change | AU$- | 53.76% |
Book Value vs Market Value Analysis
This analysis compares Victory Metals 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: 9.04x
- 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 0.10x to 9.04x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | AU$14.25 | AU$1.39 | x |
| 2013-12-31 | AU$10.88 | AU$1.39 | x |
| 2014-12-31 | AU$12.24 | AU$1.39 | x |
| 2015-12-31 | AU$12.44 | AU$1.39 | x |
| 2016-12-31 | AU$-3.33 | AU$1.39 | x |
| 2017-12-31 | AU$0.01 | AU$1.39 | x |
| 2018-12-31 | AU$0.00 | AU$1.39 | x |
| 2019-12-31 | AU$0.00 | AU$1.39 | x |
| 2020-12-31 | AU$-0.01 | AU$1.39 | x |
| 2021-12-31 | AU$0.08 | AU$1.39 | x |
| 2022-12-31 | AU$0.14 | AU$1.39 | x |
| 2023-12-31 | AU$0.13 | AU$1.39 | x |
| 2024-12-31 | AU$0.15 | AU$1.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Victory Metals 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): -22.95%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2635.95%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.08x
- Recent ROE (-22.95%) is below the historical average (1171.71%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 19.16% | 20.84% | 0.55x | 1.68x | AU$4.96 Million |
| 2013 | 2.15% | 1.52% | 0.68x | 2.06x | AU$-5.04 Million |
| 2014 | 10.84% | 7.46% | 0.68x | 2.15x | AU$623.30K |
| 2015 | -0.33% | -0.33% | 0.45x | 2.29x | AU$-7.66 Million |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-75.64 Million |
| 2017 | 15705.70% | 0.00% | 0.00x | 1.53x | AU$19.26 Million |
| 2018 | -332.38% | 0.00% | 0.00x | 2.66x | AU$-97.18K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-70.13K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-240.88K |
| 2021 | -116.49% | 0.00% | 0.00x | 1.26x | AU$-4.31 Million |
| 2022 | -15.24% | -6321.45% | 0.00x | 1.06x | AU$-2.09 Million |
| 2023 | -18.21% | -3348.65% | 0.01x | 1.05x | AU$-2.96 Million |
| 2024 | -22.95% | -2635.95% | 0.01x | 1.08x | AU$-5.31 Million |
Industry Comparison
This section compares Victory Metals Ltd's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Victory Metals Ltd (VTM) | AU$16.12 Million | 19.16% | 0.08x | $10.84 Million |
| PATRYS Ltd (PAB) | $22.98 Million | -31.88% | 0.04x | $3.40 Million |
| Perpetual Credit Income Trust (PCI) | $532.80 Million | 7.05% | 0.01x | $6.27K |
| Regal Investment Fund (RF1) | $342.96 Million | 50.99% | 1.48x | $20.94K |
| Regal Partners Global Investments Limited (RG1) | $941.94 Million | 5.37% | 0.24x | $12.74K |
| Rivco Australia Ltd (RIV) | $192.59 Million | 3.29% | 0.69x | $92.93 Million |
| Touch Ventures Ltd (TVL) | $60.18 Million | -5.66% | 0.01x | $20.90 Million |
| Vgi Partners Global Investments Ltd (VG1) | $941.94 Million | 5.37% | 0.24x | $491.32 Million |