Metals X Limited (FG5) - Net Assets
Based on the latest financial reports, Metals X Limited (FG5) has net assets worth €532.53 Million EUR (≈ $622.59 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€618.51 Million ≈ $723.10 Million USD) and total liabilities (€85.98 Million ≈ $100.51 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 Metals X Limited strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €532.53 Million |
| % of Total Assets | 86.1% |
| Annual Growth Rate | 2.92% |
| 5-Year Change | 725.96% |
| 10-Year Change | 23.54% |
| Growth Volatility | 68.94 |
Metals X Limited - Net Assets Trend (2014–2025)
This chart illustrates how Metals X Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Metals X Limited market cap and net worth.
Annual Net Assets for Metals X Limited (2014–2025)
The table below shows the annual net assets of Metals X Limited from 2014 to 2025. Also explore FG5 net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | €427.77 Million ≈ $500.11 Million |
+27.99% |
| 2024-06-30 | €334.23 Million ≈ $390.75 Million |
+7.93% |
| 2022-06-30 | €309.68 Million ≈ $362.05 Million |
+121.68% |
| 2021-06-30 | €139.70 Million ≈ $163.32 Million |
+169.74% |
| 2020-06-30 | €51.79 Million ≈ $60.55 Million |
-49.02% |
| 2019-06-30 | €101.59 Million ≈ $118.77 Million |
-40.40% |
| 2018-06-30 | €170.45 Million ≈ $199.27 Million |
-14.24% |
| 2017-06-30 | €198.75 Million ≈ $232.36 Million |
-49.67% |
| 2016-06-30 | €394.91 Million ≈ $461.69 Million |
+14.05% |
| 2015-06-30 | €346.27 Million ≈ $404.82 Million |
+11.10% |
| 2014-06-30 | €311.66 Million ≈ $364.36 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Metals X 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 12867682700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €89.20 Million | 20.85% |
| Other Components | €338.58 Million | 79.15% |
| Total Equity | €427.77 Million | 100.00% |
Metals X Limited Competitors by Market Cap
The table below lists competitors of Metals X Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Greenfire Resources Ltd.
NYSE:GFR
|
$771.39 Million |
|
Elsight Ltd
AU:ELS
|
$771.44 Million |
|
Peakstone Realty Trust
NYSE:PKST
|
$771.78 Million |
|
Hunan Jiudian Pharmaceutical Co Ltd
SHE:300705
|
$772.35 Million |
|
Prashkovsky
TA:PRSK
|
$771.06 Million |
|
Senvest Capital Inc.
TO:SEC
|
$771.03 Million |
|
Jiangsu Jibeier Pharmaceutical Co Ltd
SHG:688566
|
$771.00 Million |
|
Shenzhen Exc Led Technology Co Ltd
SHE:300889
|
$770.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Metals X Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 334,233,000 to 427,774,000, a change of 93,541,000 (28.0%).
- Net income of 102,349,000 contributed positively to equity growth.
- Share repurchases of 8,308,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €102.35 Million | +23.93% |
| Share Repurchases | €8.31 Million | -1.94% |
| Other Changes | €-500.00K | -0.12% |
| Total Change | €- | 27.99% |
Book Value vs Market Value Analysis
This analysis compares Metals X 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: 2.71x
- 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 4.13x to 2.71x 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 | €0.32 | €1.31 | x |
| 2018-06-30 | €0.27 | €1.31 | x |
| 2019-06-30 | €0.14 | €1.31 | x |
| 2020-06-30 | €0.06 | €1.31 | x |
| 2021-06-30 | €0.15 | €1.31 | x |
| 2022-06-30 | €0.34 | €1.31 | x |
| 2024-06-30 | €0.37 | €1.31 | x |
| 2025-06-30 | €0.48 | €1.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Metals X 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): 23.93%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 46.75%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.18x
- Recent ROE (23.93%) is above the historical average (-4.50%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 12.02% | 15.70% | 0.55x | 1.38x | €6.29 Million |
| 2015 | 11.83% | 12.99% | 0.65x | 1.41x | €6.32 Million |
| 2016 | -5.98% | -6.73% | 0.59x | 1.52x | €-63.12 Million |
| 2017 | 67.43% | 50.67% | 0.93x | 1.42x | €114.14 Million |
| 2018 | -15.43% | -12.53% | 0.80x | 1.53x | €-43.34 Million |
| 2019 | -115.13% | -57.14% | 1.10x | 1.84x | €-127.13 Million |
| 2020 | -155.12% | -56.01% | 0.96x | 2.90x | €-85.52 Million |
| 2021 | 63.17% | 94.05% | 0.51x | 1.32x | €74.28 Million |
| 2022 | 59.38% | 80.35% | 0.65x | 1.14x | €152.93 Million |
| 2024 | 4.36% | 9.48% | 0.39x | 1.18x | €-18.84 Million |
| 2025 | 23.93% | 46.75% | 0.43x | 1.18x | €59.57 Million |
Industry Comparison
This section compares Metals X 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: $35,391,591
- Average return on equity (ROE) among peers: -40.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Metals X Limited (FG5) | €532.53 Million | 12.02% | 0.16x | $771.33 Million |
| Scandium International Mining Corp (0E6) | $1.09 Million | 77.80% | 1.38x | $31.75 Million |
| PROSPECT RIDGE RESOURCES (0ED) | $6.44 Million | -34.62% | 0.09x | $3.47 Million |
| Asiamet Resources Ltd (0FK) | $-286.00K | 0.00% | 0.00x | $1.98 Million |
| Global Li-Ion Graphite Corp (0TD) | $3.56 Million | -15.06% | 0.14x | $758.30K |
| Benz Mining Corp (1VU) | $22.89 Million | -32.78% | 0.12x | $417.32 Million |
| BENZ MINING CORP CDI/1 (1VU0) | $7.26 Million | -55.45% | 0.05x | $397.29 Million |
| Pacific Empire Minerals Corp (1YK) | $710.69K | -335.96% | 0.64x | $6.84 Million |
| Alphamin Resources Corp (21L) | $310.73 Million | 15.51% | 0.36x | $1.23 Billion |
| PURANIUM ENERGY LTD. (2DK) | $-93.86K | 0.00% | 0.00x | $469.66K |
| TROUBADOUR RESOURCES INC. (2QD0) | $1.61 Million | -22.03% | 0.15x | $70.07K |
About Metals X Limited
Metals X Limited engages in the production of tin in Australia. The company holds a 50% interest in the Renison tin project located on the Northwest Tasmania. It offers tin-in-concentrate, as well as invests in companies undertaking exploration and development of tin, gold, and base metals projects. Metals X Limited was incorporated in 2004 and is based in South Perth, Australia.