West Cobar Metals Ltd
West Cobar Metals Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of mineral resources in Australia. It explores for critical minerals, gold, copper, rare earth element, titanium dioxide, scandium, alumina, antimony, and silver deposits. West Cobar Metals Limited was incorporated in 2021 and is based in Subiaco, Australia.
West Cobar Metals Ltd (WC1) - Net Assets
Latest net assets as of June 2025: AU$8.27 Million AUD
Based on the latest financial reports, West Cobar Metals Ltd (WC1) has net assets worth AU$8.27 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$8.64 Million) and total liabilities (AU$369.59K). 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$8.27 Million |
| % of Total Assets | 95.72% |
| Annual Growth Rate | 176.68% |
| 5-Year Change | 2688.97% |
| 10-Year Change | N/A |
| Growth Volatility | 478.41 |
West Cobar Metals Ltd - Net Assets Trend (2019–2025)
This chart illustrates how West Cobar 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 West Cobar Metals Ltd (2019–2025)
The table below shows the annual net assets of West Cobar Metals Ltd from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$8.27 Million | -25.70% |
| 2024-06-30 | AU$11.13 Million | -12.29% |
| 2023-06-30 | AU$12.69 Million | +192.03% |
| 2022-06-30 | AU$4.35 Million | +1365.45% |
| 2021-06-30 | AU$296.52K | +477.97% |
| 2020-06-30 | AU$51.30K | +178.72% |
| 2019-06-30 | AU$18.41K | -- |
Equity Component Analysis
This analysis shows how different components contribute to West Cobar 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 55152.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$17.31 Million | 209.26% |
| Other Comprehensive Income | AU$1.09 Million | 13.14% |
| Total Equity | AU$8.27 Million | 100.00% |
West Cobar Metals Ltd Competitors by Market Cap
The table below lists competitors of West Cobar Metals Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lewis Group Limited
JSE:LEW
|
$2.46 Million |
|
Star Gold Corp
OTCQB:SRGZ
|
$2.47 Million |
|
Cibox Inter@ctive S.A.
PA:ALCBX
|
$2.47 Million |
|
World Copper Ltd
OTCQX:WCUFF
|
$2.47 Million |
|
XORTX Therapeutics Inc
NASDAQ:XRTX
|
$2.46 Million |
|
NORFOLK SOUTHERN (NFS.SG)
STU:NFS
|
$2.46 Million |
|
Vessel Co. Ltd
KQ:177350
|
$2.46 Million |
|
Origin Global Empire Public Company Limited
BK:EMPIRE
|
$2.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in West Cobar Metals Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,130,781 to 8,269,921, a change of -2,860,860 (-25.7%).
- Net loss of 1,519,546 reduced equity.
- Other comprehensive income decreased equity by 502,020.
- Other factors decreased equity by 839,294.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-1.52 Million | -18.37% |
| Other Comprehensive Income | AU$-502.02K | -6.07% |
| Other Changes | AU$-839.29K | -10.15% |
| Total Change | AU$- | -25.70% |
Book Value vs Market Value Analysis
This analysis compares West Cobar 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: 0.43x
- 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 decreased from 47.35x to 0.43x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-06-30 | AU$0.00 | AU$0.02 | x |
| 2020-06-30 | AU$0.00 | AU$0.02 | x |
| 2021-06-30 | AU$0.01 | AU$0.02 | x |
| 2022-06-30 | AU$0.13 | AU$0.02 | x |
| 2023-06-30 | AU$0.16 | AU$0.02 | x |
| 2024-06-30 | AU$0.10 | AU$0.02 | x |
| 2025-06-30 | AU$0.05 | AU$0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently West Cobar 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): -18.37%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -329.00%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.04x
- Recent ROE (-18.37%) is below the historical average (10.89%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 267.44% | 65.64% | 2.81x | 1.45x | AU$47.39K |
| 2020 | 64.12% | 32.90% | 1.36x | 1.43x | AU$27.77K |
| 2021 | -170.02% | -2520.76% | 0.04x | 1.60x | AU$-533.80K |
| 2022 | -28.39% | 0.00% | 0.00x | 1.04x | AU$-1.67 Million |
| 2023 | -10.22% | -2966.01% | 0.00x | 1.07x | AU$-2.57 Million |
| 2024 | -28.30% | -6119.80% | 0.00x | 1.08x | AU$-4.26 Million |
| 2025 | -18.37% | -329.00% | 0.05x | 1.04x | AU$-2.35 Million |
Industry Comparison
This section compares West Cobar Metals 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 |
|---|---|---|---|---|
| West Cobar Metals Ltd (WC1) | AU$8.27 Million | 267.44% | 0.04x | $2.46 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 |