Bulletin Resources Limited
Bulletin Resources Limited, together with its subsidiaries, operates as a mineral exploration company in Australia. It explores for gold, lithium, and nickel deposits. The company was formerly known as Bulletin Resources Pty Ltd and changed its name to Bulletin Resources Limited in December 2010. Bulletin Resources Limited was incorporated in 2010 and is headquartered in Perth, Australia.
Bulletin Resources Limited (7BR) - Net Assets
Latest net assets as of June 2024: €11.96 Million EUR
Based on the latest financial reports, Bulletin Resources Limited (7BR) has net assets worth €11.96 Million EUR as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€12.48 Million) and total liabilities (€525.01K). 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 | €11.96 Million |
| % of Total Assets | 95.79% |
| Annual Growth Rate | 15.88% |
| 5-Year Change | 668.58% |
| 10-Year Change | N/A |
| Growth Volatility | 89.34 |
Bulletin Resources Limited - Net Assets Trend (2017–2024)
This chart illustrates how Bulletin Resources Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Bulletin Resources Limited (2017–2024)
The table below shows the annual net assets of Bulletin Resources Limited from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | €11.96 Million | +0.51% |
| 2023-06-30 | €11.90 Million | +14.27% |
| 2022-06-30 | €10.41 Million | +103.74% |
| 2021-06-30 | €5.11 Million | +228.45% |
| 2020-06-30 | €1.56 Million | -27.25% |
| 2019-06-30 | €2.14 Million | -42.54% |
| 2018-06-30 | €3.72 Million | -12.66% |
| 2017-06-30 | €4.26 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bulletin Resources Limited'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 grown by 23.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €3.57 Million | 29.82% |
| Other Components | €8.39 Million | 70.18% |
| Total Equity | €11.96 Million | 100.00% |
Bulletin Resources Limited Competitors by Market Cap
The table below lists competitors of Bulletin Resources Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sienna Resources Inc
PINK:SNNAF
|
$5.43 Million |
|
DC HEALTHCARE HOLDINGS BERHAD
KLSE:0283
|
$5.43 Million |
|
Cemat A/S
CO:CEMAT
|
$5.43 Million |
|
DS Sigma Holdings Berhad
KLSE:0269
|
$5.43 Million |
|
Fifth Era Acquisition Corp I Rights
NASDAQ:FERAR
|
$5.43 Million |
|
Dev Information Technology Limited
NSE:DEVIT
|
$5.42 Million |
|
Wise Group AB
ST:WISE
|
$5.42 Million |
|
Mountain Province Diamonds Inc
PINK:MPVDF
|
$5.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bulletin Resources Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,898,901 to 11,959,129, a change of 60,228 (0.5%).
- Net loss of 647,204 reduced equity.
- New share issuances of 2,222 increased equity.
- Other factors increased equity by 705,210.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-647.20K | -5.41% |
| Share Issuances | €2.22K | +0.02% |
| Other Changes | €705.21K | +5.9% |
| Total Change | €- | 0.51% |
Book Value vs Market Value Analysis
This analysis compares Bulletin Resources Limited'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: 0.74x
- 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 1.26x to 0.74x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | €0.02 | €0.03 | x |
| 2018-06-30 | €0.02 | €0.03 | x |
| 2019-06-30 | €0.01 | €0.03 | x |
| 2020-06-30 | €0.01 | €0.03 | x |
| 2021-06-30 | €0.03 | €0.03 | x |
| 2022-06-30 | €0.04 | €0.03 | x |
| 2023-06-30 | €0.04 | €0.03 | x |
| 2024-06-30 | €0.04 | €0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bulletin Resources Limited 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): -5.41%
- 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: 1.04x
- Recent ROE (-5.41%) is below the historical average (37.42%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 377.39% | 1677200.94% | 0.00x | 1.38x | €15.66 Million |
| 2018 | -15.77% | 0.00% | 0.00x | 1.04x | €-959.11K |
| 2019 | -87.64% | 0.00% | 0.00x | 1.10x | €-2.09 Million |
| 2020 | -47.99% | 0.00% | 0.00x | 1.33x | €-902.27K |
| 2021 | 69.55% | 0.00% | 0.00x | 1.28x | €3.04 Million |
| 2022 | 4.44% | 0.00% | 0.00x | 1.03x | €-578.58K |
| 2023 | 4.74% | 0.00% | 0.00x | 1.07x | €-626.31K |
| 2024 | -5.41% | 0.00% | 0.00x | 1.04x | €-1.84 Million |
Industry Comparison
This section compares Bulletin Resources Limited's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $8,758,805
- Average return on equity (ROE) among peers: -382.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bulletin Resources Limited (7BR) | €11.96 Million | 377.39% | 0.04x | $5.43 Million |
| Pearl Gold AG (02P) | $12.95 Million | -4.16% | 0.03x | $8.35 Million |
| McLaren Resources Inc (3ML) | $487.64K | -207.86% | 0.10x | $3.31 Million |
| 4LE (4LE) | $1.51 Million | -86.82% | 0.36x | $2.28 Million |
| 5EV0 (5EV0) | $61.58 Million | 4.94% | 0.02x | $97.49 Million |
| ARMISTICE RESOURCES (7AZ) | $242.95K | -2008.26% | 129.19x | $8.70 Million |
| Canadian Gold Corp. (8S8) | $1.71 Million | -40.35% | 0.91x | $53.11 Million |
| Earthwise Minerals Corp. (966) | $-180.06K | 0.00% | 0.00x | $604.28K |
| Platinex Inc (9PX) | $523.06K | -456.41% | 2.32x | $12.64 Million |
| ARCUS DEVELOPMENT (AJR) | $8.31K | -643.10% | 0.29x | $1.63 Million |