Western Mines Group Ltd Net Assets
Western Mines Group Ltd net assets. Based on the latest financial reports, Western Mines Group Ltd (WMG) has net assets worth AU$11.95 Million AUD (≈ $8.45 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$12.20 Million ≈ $8.63 Million USD) and total liabilities (AU$251.75K ≈ $178.13K 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. Also explore WMG shareholders equity momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$11.95 Million |
| % of Total Assets | 97.94% |
| Annual Growth Rate | 86.42% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 170.74 |
Net Assets of Western Mines Group Ltd (2020–2024)
Net assets of Western Mines Group Ltd from 2020 to 2024. This chart illustrates how Western Mines Group Ltd's net assets have evolved over time, based on quarterly financial data. See debt-free asset ratio of Western Mines Group Ltd to measure how much of total assets are equity-financed.
Annual Net Assets for Western Mines Group Ltd (2020–2024)
The table below shows the annual net assets of Western Mines Group Ltd from 2020 to 2024. For live market cap and overall valuation, see WMG market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$11.95 Million ≈ $8.45 Million |
+23.75% |
| 2023-12-31 | AU$9.65 Million ≈ $6.83 Million |
+19.72% |
| 2022-12-31 | AU$8.06 Million ≈ $5.71 Million |
+55.03% |
| 2021-12-31 | AU$5.20 Million ≈ $3.68 Million |
+425.88% |
| 2020-12-31 | AU$989.02K ≈ $699.79K |
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Equity Component Analysis
This analysis shows how different components contribute to Western Mines Group 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 469194500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Western Mines Group Ltd Net Assets Breakdown (December 2024)
Western Mines Group Ltd net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$16.13 Million | 135.05% |
| Other Comprehensive Income | AU$1.41 Million | 11.79% |
| Other Components | AU$1.00 | 0.00% |
| Total Equity | AU$11.95 Million | 100.00% |
Western Mines Group Ltd Competitors by Market Cap
The table below lists competitors of Western Mines Group Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Scottish American Investment Co
LSE:SAIN
|
$10.06 Million |
|
Marvel Gold Ltd
AU:MVL
|
$10.06 Million |
|
Global Engine Group Holding Limited Ordinary Shares
NASDAQ:GLE
|
$10.06 Million |
|
Priceworth International Bhd
KLSE:7123
|
$10.07 Million |
|
TG-17, Inc. Common Stock
NASDAQ:OBAI
|
$10.06 Million |
|
Jaya Trishindo Tbk PT
JK:HELI
|
$10.05 Million |
|
Eifelhöhen-Klinik AG
F:EIF
|
$10.05 Million |
|
Trencor
JSE:TRE
|
$10.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Western Mines Group Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,652,570 to 11,945,184, a change of 2,292,614 (23.8%).
- Net loss of 1,733,238 reduced equity.
- Share repurchases of 2,594,130 reduced equity.
- Other comprehensive income decreased equity by 61,522.
- Other factors increased equity by 6,681,504.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-1.73 Million | -14.51% |
| Share Repurchases | AU$2.59 Million | -21.72% |
| Other Comprehensive Income | AU$-61.52K | -0.52% |
| Other Changes | AU$6.68 Million | +55.93% |
| Total Change | AU$- | 23.75% |
Book Value vs Market Value Analysis
This analysis compares Western Mines Group 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: 0.94x
- 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 5.54x to 0.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | AU$0.02 | AU$0.13 | x |
| 2021-12-31 | AU$0.12 | AU$0.13 | x |
| 2022-12-31 | AU$0.16 | AU$0.13 | x |
| 2023-12-31 | AU$0.14 | AU$0.13 | x |
| 2024-12-31 | AU$0.13 | AU$0.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Western Mines Group Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -14.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -16715.58%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.02x
- Recent ROE (-14.51%) is above the historical average (-30.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -91.30% | 0.00% | 0.00x | 1.21x | AU$-1.00 Million |
| 2021 | -20.60% | 0.00% | 0.00x | 1.16x | AU$-1.59 Million |
| 2022 | -13.02% | -2222.25% | 0.01x | 1.11x | AU$-1.86 Million |
| 2023 | -14.26% | -2773.74% | 0.00x | 1.22x | AU$-2.34 Million |
| 2024 | -14.51% | -16715.58% | 0.00x | 1.02x | AU$-2.93 Million |
Industry Comparison
This section compares Western Mines Group Ltd's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $40,536,205
- Average return on equity (ROE) among peers: -38.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Western Mines Group Ltd (WMG) | AU$11.95 Million | -91.30% | 0.02x | $10.06 Million |
| Australasian Metals Ltd (A8G) | $5.45 Million | -47.41% | 0.04x | $4.98 Million |
| Ariana Resources Plc (AA2) | $43.27 Million | 6.22% | 0.05x | $45.50 Million |
| Aruma Resources Ltd (AAJ) | $2.79 Million | -55.76% | 0.06x | $2.08 Million |
| Astral Resources NL (AAR) | $520.18K | -128.92% | 0.20x | $197.52 Million |
| Antilles Gold Ltd (AAU) | $9.77 Million | 9.47% | 0.62x | $13.92 Million |
| Adelong Gold Ltd (ADG) | $962.05K | -154.33% | 0.23x | $7.55 Million |
| Ardiden Ltd (ADV) | $13.92 Million | -19.79% | 0.04x | $50.94 Million |
| Australian Gold and Copper Ltd (AGC) | $18.26 Million | -11.03% | 0.01x | $20.96 Million |
| Ark Mines Ltd (AHK) | $-3.15 Million | 0.00% | 0.00x | $14.84 Million |
| Alkane Resources Ltd (ALK) | $313.58 Million | 13.54% | 0.36x | $1.83 Billion |
About Western Mines Group Ltd
Western Mines Group Ltd, a mineral exploration company, engages in the exploration and development of mineral properties in Australia. The company explores for nickel sulphide, copper, lithium, platinum group elements, and gold deposits. Its flagship project is the Mulga Tank Ni-Cu-PGE project comprising exploration license E39/2132, E39/2134, and E39/2223, and exploration license application E39… Read more