Mineral Resources Limited (F5J) - Net Assets
Based on the latest financial reports, Mineral Resources Limited (F5J) has net assets worth €3.58 Billion EUR (≈ $4.19 Billion USD) as of June 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€12.23 Billion ≈ $14.30 Billion USD) and total liabilities (€8.65 Billion ≈ $10.11 Billion 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 balance sheet size of Mineral Resources Limited for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €3.58 Billion |
| % of Total Assets | 29.3% |
| Annual Growth Rate | 12.14% |
| 5-Year Change | 56.12% |
| 10-Year Change | 231.19% |
| Growth Volatility | 21.72 |
Mineral Resources Limited - Net Assets Trend (2014–2024)
This chart illustrates how Mineral Resources Limited's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see Mineral Resources Limited market capitalisation.
Annual Net Assets for Mineral Resources Limited (2014–2024)
The table below shows the annual net assets of Mineral Resources Limited from 2014 to 2024. Explore cash flow conversion of Mineral Resources Limited to assess how effectively this company generates cash.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | €3.58 Billion ≈ $4.19 Billion |
+1.77% |
| 2023-06-30 | €3.52 Billion ≈ $4.12 Billion |
+7.66% |
| 2022-06-30 | €3.27 Billion ≈ $3.82 Billion |
+0.77% |
| 2021-06-30 | €3.25 Billion ≈ $3.80 Billion |
+41.41% |
| 2020-06-30 | €2.30 Billion ≈ $2.68 Billion |
+66.32% |
| 2019-06-30 | €1.38 Billion ≈ $1.61 Billion |
+5.80% |
| 2018-06-30 | €1.30 Billion ≈ $1.53 Billion |
+15.23% |
| 2017-06-30 | €1.13 Billion ≈ $1.32 Billion |
+12.24% |
| 2016-06-30 | €1.01 Billion ≈ $1.18 Billion |
-6.79% |
| 2015-06-30 | €1.08 Billion ≈ $1.27 Billion |
-5.02% |
| 2014-06-30 | €1.14 Billion ≈ $1.33 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Mineral 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 298.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €2.46 Billion | 69.37% |
| Other Components | €1.09 Billion | 30.63% |
| Total Equity | €3.54 Billion | 100.00% |
Mineral Resources Limited Competitors by Market Cap
The table below lists competitors of Mineral Resources Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yongxing Special Stainless Steel Co Ltd
SHE:002756
|
$6.88 Billion |
|
Frontline Ltd
NYSE:FRO
|
$6.88 Billion |
|
Lottomatica Group SpA
NYSE:LOTMY
|
$6.88 Billion |
|
Bank of India
NSE:BANKINDIA
|
$6.89 Billion |
|
AXIS Capital Holdings Limited
F:AXV
|
$6.88 Billion |
|
Camtek Ltd
TA:CAMT
|
$6.88 Billion |
|
Haohua Chemical Science & Technology Corp Ltd
SHG:600378
|
$6.87 Billion |
|
Jiangsu Expressway Co Ltd
SHG:600377
|
$6.87 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mineral Resources Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,475,100,000 to 3,545,000,000, a change of 69,900,000 (2.0%).
- Net income of 125,000,000 contributed positively to equity growth.
- Dividend payments of 170,000,000 reduced retained earnings.
- Other factors increased equity by 114,900,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €125.00 Million | +3.53% |
| Dividends Paid | €170.00 Million | -4.8% |
| Other Changes | €114.90 Million | +3.24% |
| Total Change | €- | 2.01% |
Book Value vs Market Value Analysis
This analysis compares Mineral 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: 2.10x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.43x to 2.10x 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 | €5.96 | €38.34 | x |
| 2018-06-30 | €6.87 | €38.34 | x |
| 2019-06-30 | €7.27 | €38.34 | x |
| 2020-06-30 | €12.06 | €38.34 | x |
| 2021-06-30 | €16.97 | €38.34 | x |
| 2022-06-30 | €17.06 | €38.34 | x |
| 2023-06-30 | €17.87 | €38.34 | x |
| 2024-06-30 | €18.23 | €38.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mineral 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): 3.53%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.38%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 3.45x
- Recent ROE (3.53%) is below the historical average (15.99%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 20.66% | 12.17% | 1.02x | 1.66x | €119.23 Million |
| 2015 | 1.21% | 0.98% | 0.82x | 1.50x | €-93.39 Million |
| 2016 | -2.51% | -2.11% | 0.73x | 1.64x | €-123.84 Million |
| 2017 | 18.08% | 13.83% | 0.79x | 1.65x | €90.03 Million |
| 2018 | 21.18% | 16.82% | 0.78x | 1.62x | €143.82 Million |
| 2019 | 12.02% | 12.77% | 0.41x | 2.32x | €27.55 Million |
| 2020 | 44.32% | 47.24% | 0.46x | 2.04x | €777.22 Million |
| 2021 | 39.63% | 34.01% | 0.64x | 1.83x | €949.35 Million |
| 2022 | 10.82% | 10.22% | 0.44x | 2.42x | €26.51 Million |
| 2023 | 7.00% | 5.09% | 0.57x | 2.42x | €-104.21 Million |
| 2024 | 3.53% | 2.38% | 0.43x | 3.45x | €-229.50 Million |
Industry Comparison
This section compares Mineral Resources 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: $12,822,935
- Average return on equity (ROE) among peers: -40.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mineral Resources Limited (F5J) | €3.58 Billion | 20.66% | 2.41x | $6.88 Billion |
| Scandium International Mining Corp (0E6) | $920.74K | -200.89% | 2.79x | $17.79 Million |
| Asiamet Resources Ltd (0FK) | $-401.00K | 0.00% | 0.00x | $27.77 Million |
| Global Li-Ion Graphite Corp (0TD) | $2.21 Million | -16.12% | 0.41x | $211.57K |
| Benz Mining Corp (1VU) | $2.47 Million | -52.89% | 0.10x | $221.87 Million |
| Pacific Empire Minerals Corp (1YK) | $1.22 Million | -95.73% | 0.06x | $6.64 Million |
| PURANIUM ENERGY LTD. (2DK) | $-109.30K | 0.00% | 0.00x | $469.66K |
| TROUBADOUR RESOURCES INC. (2QD0) | $1.22 Million | -19.90% | 0.46x | $1.14 Million |
| GOLCAP RESOURCES CORP (2SO0) | $1.19 Million | -23.94% | 0.67x | $2.27 Million |
| CDN Maverick Capital Corp. (338B) | $5.98 Million | 12.17% | 0.11x | $2.48 Million |
| Adriatic Metals Plc (3FN) | $113.54 Million | -8.98% | 0.16x | $1.23 Billion |
About Mineral Resources Limited
Mineral Resources Limited, together with subsidiaries, provides mining services in Australia, Asia, and internationally. It operates through Mining Services, Iron Ore, Lithium, and Energy and Other segments. The company offers pit-to-ship solutions comprising open pit mining, crushing and material handling, processing, haulage, port handling, and marine services; design and construction of minera… Read more