Mount Gibson Iron Limited (FWQ) - Net Assets
Based on the latest financial reports, Mount Gibson Iron Limited (FWQ) has net assets worth €546.17 Million EUR (≈ $638.53 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 (€664.30 Million ≈ $776.63 Million USD) and total liabilities (€118.12 Million ≈ $138.10 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. Also explore FWQ total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €546.17 Million |
| % of Total Assets | 82.22% |
| Annual Growth Rate | -8.03% |
| 5-Year Change | -18.57% |
| 10-Year Change | 78.74% |
| Growth Volatility | 28.8 |
Mount Gibson Iron Limited - Net Assets Trend (2014–2024)
This chart illustrates how Mount Gibson Iron Limited's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see how much is Mount Gibson Iron Limited worth.
Annual Net Assets for Mount Gibson Iron Limited (2014–2024)
The table below shows the annual net assets of Mount Gibson Iron Limited from 2014 to 2024. Explore Mount Gibson Iron Limited (FWQ) cash conversion ratio to assess how effectively this company generates cash.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | €546.17 Million ≈ $638.53 Million |
+1.29% |
| 2023-06-30 | €539.23 Million ≈ $630.42 Million |
+1.15% |
| 2022-06-30 | €533.10 Million ≈ $623.25 Million |
-25.93% |
| 2021-06-30 | €719.71 Million ≈ $841.42 Million |
+7.30% |
| 2020-06-30 | €670.73 Million ≈ $784.15 Million |
+9.45% |
| 2019-06-30 | €612.81 Million ≈ $716.44 Million |
+23.35% |
| 2018-06-30 | €496.82 Million ≈ $580.84 Million |
+18.58% |
| 2017-06-30 | €418.98 Million ≈ $489.84 Million |
+6.90% |
| 2016-06-30 | €391.94 Million ≈ $458.21 Million |
+28.26% |
| 2015-06-30 | €305.57 Million ≈ $357.25 Million |
-75.79% |
| 2014-06-30 | €1.26 Billion ≈ $1.48 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Mount Gibson Iron 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 249.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €1.56 Billion | 285.41% |
| Total Equity | €546.17 Million | 100.00% |
Mount Gibson Iron Limited Competitors by Market Cap
The table below lists competitors of Mount Gibson Iron Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bravo Mining Corp
V:BRVO
|
$280.24 Million |
|
Runway Growth Finance Corp
NASDAQ:RWAY
|
$280.27 Million |
|
Formosan Union Chemical Corp
TW:1709
|
$280.28 Million |
|
Adel Kalemcilik Ticaret ve Sanayi AS
IS:ADEL
|
$280.43 Million |
|
Jade Biosciences, Inc.
NASDAQ:JBIO
|
$280.13 Million |
|
Clearview Wealth Ltd
AU:CVW
|
$280.02 Million |
|
Taiwan Tea Corp
TW:2913
|
$280.00 Million |
|
Shandong Molong Petroleum Machinery Company Limited
F:PXI
|
$279.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mount Gibson Iron Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 539,231,000 to 546,173,000, a change of 6,942,000 (1.3%).
- Net income of 6,430,000 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €6.43 Million | +1.18% |
| Other Changes | €512.00K | +0.09% |
| Total Change | €- | 1.29% |
Book Value vs Market Value Analysis
This analysis compares Mount Gibson Iron 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: 0.49x
- 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 | €0.38 | €0.22 | x |
| 2018-06-30 | €0.45 | €0.22 | x |
| 2019-06-30 | €0.54 | €0.22 | x |
| 2020-06-30 | €0.58 | €0.22 | x |
| 2021-06-30 | €0.61 | €0.22 | x |
| 2022-06-30 | €0.44 | €0.22 | x |
| 2023-06-30 | €0.44 | €0.22 | x |
| 2024-06-30 | €0.45 | €0.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mount Gibson Iron 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): 1.18%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.96%
- • Asset Turnover: 1.01x
- • Equity Multiplier: 1.22x
- Recent ROE (1.18%) is above the historical average (-20.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 7.63% | 14.60% | 0.41x | 1.27x | €-29.85 Million |
| 2015 | -298.27% | -288.75% | 0.77x | 1.35x | €-941.98 Million |
| 2016 | 22.02% | 36.75% | 0.50x | 1.21x | €47.10 Million |
| 2017 | 6.28% | 16.26% | 0.33x | 1.18x | €-15.58 Million |
| 2018 | 19.95% | 39.60% | 0.42x | 1.19x | €49.45 Million |
| 2019 | 21.76% | 51.49% | 0.36x | 1.19x | €72.09 Million |
| 2020 | 12.55% | 18.48% | 0.57x | 1.20x | €17.13 Million |
| 2021 | 8.89% | 21.30% | 0.33x | 1.25x | €-7.97 Million |
| 2022 | -32.66% | -93.55% | 0.27x | 1.29x | €-227.43 Million |
| 2023 | 0.96% | 1.14% | 0.67x | 1.26x | €-48.74 Million |
| 2024 | 1.18% | 0.96% | 1.01x | 1.22x | €-48.19 Million |
Industry Comparison
This section compares Mount Gibson Iron Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $15,777,038,270
- Average return on equity (ROE) among peers: 8.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mount Gibson Iron Limited (FWQ) | €546.17 Million | 7.63% | 0.22x | $280.21 Million |
| Tiangong International Company Limited (34T1) | $3.93 Billion | 11.79% | 1.13x | $1.09 Billion |
| Zanaga Iron Ore Company Limited (6ZA) | $85.20 Million | 9.50% | 0.01x | $33.09 Million |
| Aperam SA (7AA) | $3.39 Billion | 18.43% | 0.84x | $2.84 Billion |
| APERAM S.A. NY SHS/1 O.N. (7AAN) | $3.37 Billion | 6.86% | 0.73x | $2.60 Billion |
| ACERINOX ADR 1/2/EO-25 (ACE) | $2.10 Billion | -1.91% | 1.68x | $3.22 Billion |
| ArcelorMittal SA (ARRD) | $2.97 Billion | 9.73% | 0.76x | $35.56 Billion |
| BCI Minerals Limited (BC3) | $172.66 Million | 12.73% | 0.32x | $658.02 Million |
| Chongqing Iron & Steel Company Limited (CGP) | $21.34 Billion | -4.78% | 0.84x | $74.24 Million |
| Da Ming International Holdings Limited (DM7) | $1.75 Billion | 5.58% | 1.98x | $106.54 Million |
| EREGLI DEM CEL FABR DL1 (EDVA) | $118.66 Billion | 15.17% | 0.47x | $3.02 Billion |
About Mount Gibson Iron Limited
MGX Resources Limited, together with its subsidiaries, engages in the mining, processing, shipment, export, and sale of hematite iron ore in Australia and China. Its flagship project is the Koolan Island mine site located in the Kimberley region of Western Australia. The company is also involved in the treasury management, mineral resources acquisition, and investment activities. The company was … Read more