Cobalt Blue Holdings Limited (COH) - Net Assets
Based on the latest financial reports, Cobalt Blue Holdings Limited (COH) has net assets worth €34.20 Million EUR (≈ $39.99 Million USD) as of June 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€40.96 Million ≈ $47.89 Million USD) and total liabilities (€6.76 Million ≈ $7.90 Million 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. Check COH asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €34.20 Million |
| % of Total Assets | 83.5% |
| Annual Growth Rate | 20.96% |
| 5-Year Change | 77.08% |
| 10-Year Change | N/A |
| Growth Volatility | 45.58 |
Cobalt Blue Holdings Limited - Net Assets Trend (2017–2024)
This chart illustrates how Cobalt Blue Holdings Limited's net assets have evolved over time, based on quarterly financial data. Also explore Cobalt Blue Holdings Limited total assets for the complete picture of this company's asset base.
Annual Net Assets for Cobalt Blue Holdings Limited (2017–2024)
The table below shows the annual net assets of Cobalt Blue Holdings Limited from 2017 to 2024. For live valuation and market cap data, see COH market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | €34.20 Million ≈ $39.99 Million |
-48.17% |
| 2023-06-30 | €65.99 Million ≈ $77.15 Million |
+49.62% |
| 2022-06-30 | €44.10 Million ≈ $51.56 Million |
+35.16% |
| 2021-06-30 | €32.63 Million ≈ $38.15 Million |
+68.94% |
| 2020-06-30 | €19.32 Million ≈ $22.58 Million |
-3.76% |
| 2019-06-30 | €20.07 Million ≈ $23.46 Million |
+10.77% |
| 2018-06-30 | €18.12 Million ≈ $21.18 Million |
+100.70% |
| 2017-06-30 | €9.03 Million ≈ $10.55 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Cobalt Blue Holdings 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 decreased by 5790278000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €93.33 Million | 272.87% |
| Total Equity | €34.20 Million | 100.00% |
Cobalt Blue Holdings Limited Competitors by Market Cap
The table below lists competitors of Cobalt Blue Holdings Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ulima Nitra PT
JK:UNIQ
|
$23.36 Million |
|
Lyckegard Group AB
ST:LYGRD
|
$23.37 Million |
|
Quest Resource Holding Corp
NASDAQ:QRHC
|
$23.37 Million |
|
Robit Oyj
HE:ROBIT
|
$23.38 Million |
|
Coloray International Investment Co. Ltd
KQ:900310
|
$23.35 Million |
|
Reino Capital SA
WAR:RNC
|
$23.34 Million |
|
Race Eco Chain Limited
NSE:RACE
|
$23.33 Million |
|
Klaria Pharma Holding AB
ST:KLAR
|
$23.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cobalt Blue Holdings Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 65,989,000 to 34,205,000, a change of -31,784,000 (-48.2%).
- Net loss of 37,595,000 reduced equity.
- Share repurchases of 231,000 reduced equity.
- New share issuances of 5,014,000 increased equity.
- Other factors increased equity by 1,028,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-37.59 Million | -109.91% |
| Share Repurchases | €231.00K | -0.68% |
| Share Issuances | €5.01 Million | +14.66% |
| Other Changes | €1.03 Million | +3.01% |
| Total Change | €- | -48.17% |
Book Value vs Market Value Analysis
This analysis compares Cobalt Blue Holdings 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: 0.62x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | €0.10 | €0.05 | x |
| 2018-06-30 | €0.15 | €0.05 | x |
| 2019-06-30 | €0.13 | €0.05 | x |
| 2020-06-30 | €0.12 | €0.05 | x |
| 2021-06-30 | €0.12 | €0.05 | x |
| 2022-06-30 | €0.14 | €0.05 | x |
| 2023-06-30 | €0.18 | €0.05 | x |
| 2024-06-30 | €0.08 | €0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cobalt Blue Holdings 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): -109.91%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -50126.67%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.20x
- Recent ROE (-109.91%) is below the historical average (-23.47%), 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 | -13.59% | 0.00% | 0.00x | 1.03x | €-2.13 Million |
| 2018 | -9.02% | 0.00% | 0.00x | 1.07x | €-3.45 Million |
| 2019 | -14.50% | 0.00% | 0.00x | 1.06x | €-4.92 Million |
| 2020 | -12.34% | -3667.69% | 0.00x | 1.23x | €-4.32 Million |
| 2021 | -8.21% | 0.00% | 0.00x | 1.13x | €-5.94 Million |
| 2022 | -11.87% | 0.00% | 0.00x | 1.14x | €-9.64 Million |
| 2023 | -8.28% | 0.00% | 0.00x | 1.16x | €-12.07 Million |
| 2024 | -109.91% | -50126.67% | 0.00x | 1.20x | €-41.02 Million |
Industry Comparison
This section compares Cobalt Blue Holdings Limited'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: $13,665,172
- Average return on equity (ROE) among peers: -60.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cobalt Blue Holdings Limited (COH) | €34.20 Million | -13.59% | 0.20x | $23.36 Million |
| Scandium International Mining Corp (0E6) | $3.10 Million | -89.51% | 0.07x | $17.79 Million |
| Asiamet Resources Ltd (0FK) | $-286.00K | 0.00% | 0.00x | $25.79 Million |
| Global Li-Ion Graphite Corp (0TD) | $3.82 Million | -29.84% | 0.10x | $581.83K |
| Benz Mining Corp (1VU) | $3.51 Million | -359.60% | 0.72x | $221.87 Million |
| Pacific Empire Minerals Corp (1YK) | $576.94K | -51.70% | 0.11x | $7.21 Million |
| PURANIUM ENERGY LTD. (2DK) | $-93.86K | 0.00% | 0.00x | $469.66K |
| TROUBADOUR RESOURCES INC. (2QD0) | $7.88 Million | -26.62% | 0.08x | $1.14 Million |
| GOLCAP RESOURCES CORP (2SO0) | $-2.39K | 0.00% | 0.00x | $2.74 Million |
| CDN Maverick Capital Corp. (338B) | $4.61 Million | -41.96% | 0.12x | $2.29 Million |
| Adriatic Metals Plc (3FN) | $113.54 Million | -8.98% | 0.16x | $1.23 Billion |
About Cobalt Blue Holdings Limited
Cobalt Blue Holdings Limited, together with its subsidiaries, engages in the exploration and evaluation of mining properties in Australia. It operates through three segments: Broken Hill Cobalt Project, Kwinana Cobalt Refinery Project, and Halls Creek Project. The company explores for cobalt. It holds 100% interest in the Broken Hill cobalt project comprising five exploration licenses and two mi… Read more