Merafe Resources Limited
Merafe Resources Limited, together with its subsidiaries, engages in the mining and beneficiation of chrome ore into ferrochrome and associated minerals. The company operates ferrochrome smelters, ferrochrome furnaces, chrome ore mines, UG2 plants, and PGM processing plants located in the Northwest, Limpopo, and Mpumalanga provinces of South Africa. It operates in South Africa, Brazil, the United… Read more
Merafe Resources Limited (RZT) - Net Assets
Latest net assets as of June 2025: €4.91 Billion EUR
Based on the latest financial reports, Merafe Resources Limited (RZT) has net assets worth €4.91 Billion EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€6.01 Billion) and total liabilities (€1.10 Billion). 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 | €4.91 Billion |
| % of Total Assets | 81.74% |
| Annual Growth Rate | 4.75% |
| 5-Year Change | 114.14% |
| 10-Year Change | 42.8% |
| Growth Volatility | 25.42 |
Merafe Resources Limited - Net Assets Trend (2013–2024)
This chart illustrates how Merafe 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 Merafe Resources Limited (2013–2024)
The table below shows the annual net assets of Merafe Resources Limited from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €4.88 Billion | -7.27% |
| 2023-12-31 | €5.26 Billion | +21.44% |
| 2022-12-31 | €4.33 Billion | +14.86% |
| 2021-12-31 | €3.77 Billion | +65.56% |
| 2020-12-31 | €2.28 Billion | -32.64% |
| 2019-12-31 | €3.38 Billion | -30.91% |
| 2018-12-31 | €4.89 Billion | +5.55% |
| 2017-12-31 | €4.64 Billion | +18.95% |
| 2016-12-31 | €3.90 Billion | +14.13% |
| 2015-12-31 | €3.41 Billion | +9.32% |
| 2014-12-31 | €3.12 Billion | +6.76% |
| 2013-12-31 | €2.93 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Merafe 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 124.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €3.59 Billion | 73.57% |
| Other Components | €1.29 Billion | 26.43% |
| Total Equity | €4.88 Billion | 100.00% |
Merafe Resources Limited Competitors by Market Cap
The table below lists competitors of Merafe Resources Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
1SPATIAL PLC LS -10
F:G7Z1
|
$73.44 Million |
|
A.F.P. Provida
SN:PROVIDA
|
$73.44 Million |
|
Stemmer Imaging AG
XETRA:S9I
|
$73.45 Million |
|
United Bancshares Inc
OTCQX:UBOH
|
$73.46 Million |
|
Scancell Holdings plc
PINK:SCNLF
|
$73.42 Million |
|
SWANDEF
NSE:SWANDEF
|
$73.39 Million |
|
Renascor Resources Limited
PINK:RSNUF
|
$73.35 Million |
|
Chien Shing Harbour Service Co Ltd
TW:8367
|
$73.33 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Merafe Resources Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,258,541,000 to 4,876,115,000, a change of -382,426,000 (-7.3%).
- Net income of 667,207,000 contributed positively to equity growth.
- Dividend payments of 1,049,633,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €667.21 Million | +13.68% |
| Dividends Paid | €1.05 Billion | -21.53% |
| Total Change | €- | -7.27% |
Book Value vs Market Value Analysis
This analysis compares Merafe 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: 0.03x
- 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 |
|---|---|---|---|
| 2017-12-31 | €1.85 | €0.06 | x |
| 2018-12-31 | €1.95 | €0.06 | x |
| 2019-12-31 | €1.35 | €0.06 | x |
| 2020-12-31 | €0.91 | €0.06 | x |
| 2021-12-31 | €1.51 | €0.06 | x |
| 2022-12-31 | €1.73 | €0.06 | x |
| 2023-12-31 | €2.10 | €0.06 | x |
| 2024-12-31 | €1.95 | €0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Merafe 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): 13.68%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.91%
- • Asset Turnover: 1.37x
- • Equity Multiplier: 1.26x
- Recent ROE (13.68%) is above the historical average (9.26%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 7.20% | 6.02% | 0.70x | 1.71x | €-81.97 Million |
| 2014 | 6.85% | 5.93% | 0.67x | 1.73x | €-98.25 Million |
| 2015 | 10.06% | 7.76% | 0.83x | 1.57x | €1.99 Million |
| 2016 | 13.66% | 9.34% | 0.96x | 1.53x | €142.71 Million |
| 2017 | 19.72% | 15.52% | 0.93x | 1.37x | €450.57 Million |
| 2018 | 13.97% | 12.19% | 0.85x | 1.34x | €194.12 Million |
| 2019 | -40.28% | -25.32% | 1.18x | 1.35x | €-1.70 Billion |
| 2020 | -44.05% | -20.98% | 1.54x | 1.37x | €-1.23 Billion |
| 2021 | 44.39% | 20.76% | 1.63x | 1.31x | €1.30 Billion |
| 2022 | 32.56% | 17.77% | 1.40x | 1.31x | €976.98 Million |
| 2023 | 33.34% | 18.97% | 1.39x | 1.27x | €1.23 Billion |
| 2024 | 13.68% | 7.91% | 1.37x | 1.26x | €179.60 Million |
Industry Comparison
This section compares Merafe 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: $502,667,915
- Average return on equity (ROE) among peers: -338.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Merafe Resources Limited (RZT) | €4.91 Billion | 7.20% | 0.22x | $73.43 Million |
| 14S0 (14S0) | $2.71 Million | -209.91% | 0.28x | $2.68 Million |
| 23B (23B) | $5.94 Million | -17.66% | 0.30x | $2.00 Million |
| 2P30 (2P30) | $1.04 Million | -34.54% | 0.07x | $9.46 Million |
| Xinjiang Xinxin Mining Industry Co. Ltd (33X1) | $4.95 Billion | 10.42% | 0.49x | $175.41 Million |
| Agrimin Limited (3CL) | $46.44 Million | -2.95% | 0.06x | $11.03 Million |
| Copper Quest Exploration Inc. (3MX0) | $116.66K | -2987.81% | 5.03x | $4.68 Million |
| LibertyStream Infrastructure Partners Inc. (3ZM) | $6.76 Million | -80.67% | 0.09x | $93.18 Million |
| Arkle Resources PLC (48O) | $3.26 Million | -9.62% | 0.07x | $4.79 Million |
| Marula Mining PLC (48U0) | $-154.97K | 0.00% | 0.00x | $3.45 Million |
| Anglesey Mining plc (4A0) | $14.13 Million | -50.76% | 0.18x | $87.09K |