Wishbone Gold Plc (WSBN) - Net Assets
Based on the latest financial reports, Wishbone Gold Plc (WSBN) has net assets worth GBX7.23 Million GBX (≈ $879.31 USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX7.38 Million ≈ $898.20 USD) and total liabilities (GBX155.25K ≈ $18.89 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 Wishbone Gold Plc (WSBN) total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX7.23 Million |
| % of Total Assets | 97.9% |
| Annual Growth Rate | 32.47% |
| 5-Year Change | 99.29% |
| 10-Year Change | 1320.9% |
| Growth Volatility | 1446.87 |
Wishbone Gold Plc - Net Assets Trend (2010–2024)
This chart illustrates how Wishbone Gold Plc's net assets have evolved over time, based on quarterly financial data. Check Wishbone Gold Plc tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Wishbone Gold Plc (2010–2024)
The table below shows the annual net assets of Wishbone Gold Plc from 2010 to 2024. For live valuation and market cap data, see Wishbone Gold Plc market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX5.52 Million ≈ $671.09 |
-11.70% |
| 2023-12-31 | GBX6.25 Million ≈ $760.02 |
+5.41% |
| 2022-12-31 | GBX5.93 Million ≈ $721.01 |
+35.91% |
| 2021-12-31 | GBX4.36 Million ≈ $530.48 |
+57.53% |
| 2020-12-31 | GBX2.77 Million ≈ $336.75 |
+5419.85% |
| 2019-12-31 | GBX50.14K ≈ $6.10 |
-95.02% |
| 2018-12-31 | GBX1.01 Million ≈ $122.54 |
-32.94% |
| 2017-12-31 | GBX1.50 Million ≈ $182.75 |
+6.68% |
| 2016-12-31 | GBX1.41 Million ≈ $171.30 |
+262.69% |
| 2015-12-31 | GBX388.18K ≈ $47.23 |
+586.77% |
| 2014-12-31 | GBX-79.75K ≈ $-9.70 |
-186.63% |
| 2013-12-31 | GBX92.06K ≈ $11.20 |
-72.96% |
| 2012-12-31 | GBX340.44K ≈ $41.42 |
+732.13% |
| 2011-12-31 | GBX40.91K ≈ $4.98 |
-61.96% |
| 2010-12-31 | GBX107.54K ≈ $13.08 |
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Equity Component Analysis
This analysis shows how different components contribute to Wishbone Gold Plc'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 1364272836.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX3.37 Million | 61.03% |
| Other Comprehensive Income | GBX-1.22 Million | -22.12% |
| Other Components | GBX17.02 Million | 308.61% |
| Total Equity | GBX5.52 Million | 100.00% |
Wishbone Gold Plc Competitors by Market Cap
The table below lists competitors of Wishbone Gold Plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ANGLE plc
LSE:AGL
|
$94.18K |
|
Dianomi PLC
LSE:DNM
|
$94.99K |
|
Altona Rare Earths PLC
LSE:REE
|
$95.39K |
|
Green Leaf Innovations Inc.
NASDAQ:GRLFD
|
$95.41K |
|
Velocity Composites plc
LSE:VEL
|
$93.12K |
|
Tanfield Group PLC
LSE:TAN
|
$92.56K |
|
CORE ASSETS CORP.
F:5RJ
|
$92.51K |
|
Micromobility.com Inc.
NASDAQ:MCOM
|
$92.21K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wishbone Gold Plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,246,554 to 5,515,634, a change of -730,920 (-11.7%).
- Net loss of 1,462,169 reduced equity.
- New share issuances of 1,160,000 increased equity.
- Other comprehensive income decreased equity by 428,751.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-1.46 Million | -26.51% |
| Share Issuances | GBX1.16 Million | +21.03% |
| Other Comprehensive Income | GBX-428.75K | -7.77% |
| Total Change | GBX- | -11.70% |
Book Value vs Market Value Analysis
This analysis compares Wishbone Gold Plc'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: 2166.81x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 324.04x to 2166.81x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | GBX0.07 | GBX22.50 | x |
| 2011-12-31 | GBX0.02 | GBX22.50 | x |
| 2012-12-31 | GBX0.25 | GBX22.50 | x |
| 2013-12-31 | GBX0.05 | GBX22.50 | x |
| 2014-12-31 | GBX-0.03 | GBX22.50 | x |
| 2015-12-31 | GBX0.09 | GBX22.50 | x |
| 2016-12-31 | GBX0.14 | GBX22.50 | x |
| 2017-12-31 | GBX0.12 | GBX22.50 | x |
| 2018-12-31 | GBX0.07 | GBX22.50 | x |
| 2019-12-31 | GBX0.00 | GBX22.50 | x |
| 2020-12-31 | GBX366099.07 | GBX22.50 | x |
| 2021-12-31 | GBX0.03 | GBX22.50 | x |
| 2022-12-31 | GBX0.03 | GBX22.50 | x |
| 2023-12-31 | GBX0.02 | GBX22.50 | x |
| 2024-12-31 | GBX0.01 | GBX22.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wishbone Gold Plc 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): -26.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.11x
- Recent ROE (-26.51%) is above the historical average (-315.73%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | -12.98% | 0.00% | 0.00x | 1.22x | GBX-24.72K |
| 2011 | -253.72% | 0.00% | 0.00x | 2.46x | GBX-107.89K |
| 2012 | -83.47% | 0.00% | 0.00x | 1.46x | GBX-318.21K |
| 2013 | -436.13% | 0.00% | 0.00x | 3.86x | GBX-410.69K |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | GBX-1.66 Million |
| 2015 | -288.56% | 0.00% | 0.00x | 1.35x | GBX-1.16 Million |
| 2016 | -68.05% | -22.48% | 0.80x | 3.80x | GBX-1.10 Million |
| 2017 | -44.98% | -11.08% | 2.55x | 1.59x | GBX-825.80K |
| 2018 | -147.90% | -17.35% | 5.09x | 1.68x | GBX-1.59 Million |
| 2019 | -3284.89% | -20.07% | 14.63x | 11.19x | GBX-1.65 Million |
| 2020 | -18.58% | -36.71% | 0.46x | 1.10x | GBX-791.01K |
| 2021 | -30.28% | 0.00% | 0.00x | 1.03x | GBX-1.76 Million |
| 2022 | -19.63% | 0.00% | 0.00x | 1.11x | GBX-1.76 Million |
| 2023 | -20.33% | 0.00% | 0.00x | 1.15x | GBX-1.89 Million |
| 2024 | -26.51% | 0.00% | 0.00x | 1.11x | GBX-2.01 Million |
Industry Comparison
This section compares Wishbone Gold Plc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $101,173,004
- Average return on equity (ROE) among peers: -14.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wishbone Gold Plc (WSBN) | GBX7.23 Million | -12.98% | 0.02x | $94.17K |
| Ariana Resources plc (AAU) | $4.88 Million | -8.23% | 0.09x | $462.14K |
| Anglo Asian Mining Plc (AAZ) | $118.42 Million | 6.22% | 0.60x | $5.29 Million |
| AltynGold plc (ALTN) | $32.16 Million | 0.24% | 0.19x | $2.73 Million |
| Bluebird Merchant Ventures Ltd (BMV) | $18.89 Million | -4.75% | 0.06x | $10.41K |
| Conroy Gold & Natural Resources Plc (CGNR) | $1.00 Million | -10.49% | 0.46x | $74.90K |
| Caledonia Mining Corporation Plc (CMCL) | $18.45 Million | -44.99% | 0.07x | $3.26 Million |
| Cora Gold Limited (CORA) | $24.66 Million | -11.98% | 0.65x | $534.73K |
| ECR Minerals plc (ECR) | $10.22 Million | -41.11% | 0.38x | $74.08K |
| Endeavour Mining Corp (EDV) | $771.51 Million | -43.09% | 0.65x | $103.16 Million |
| Goldplat PLC (GDP) | $11.54 Million | 16.27% | 0.25x | $368.83K |
About Wishbone Gold Plc
Wishbone Gold Plc, together with its subsidiaries, engages in gold trading activities in Australia. It explores for gold, silver, copper, lead, and other metals. The company's flagship project is Red Setter located in the Patersons Range region of Western Australia. Wishbone Gold Plc was incorporated in 2009 and is based in Gibraltar.