Nova Minerals Limited (NVA) - Net Assets
Based on the latest financial reports, Nova Minerals Limited (NVA) has net assets worth $2.28 Billion USD as of September 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.34 Billion) and total liabilities ($1.06 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. Check NVA financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.28 Billion |
| % of Total Assets | 68.3% |
| Annual Growth Rate | N/A |
| 5-Year Change | 56.81% |
| 10-Year Change | 207.58% |
| Growth Volatility | 7880.05 |
Nova Minerals Limited - Net Assets Trend (1989–2024)
This chart illustrates how Nova Minerals Limited's net assets have evolved over time, based on quarterly financial data. Also explore NVA current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Nova Minerals Limited (1989–2024)
The table below shows the annual net assets of Nova Minerals Limited from 1989 to 2024. For live valuation and market cap data, see Nova Minerals Limited market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | $2.12 Billion | +9.28% |
| 2023-06-30 | $1.94 Billion | +34.80% |
| 2022-06-30 | $1.44 Billion | +24.11% |
| 2021-06-30 | $1.16 Billion | -14.23% |
| 2020-06-30 | $1.35 Billion | -4.00% |
| 2019-06-30 | $1.41 Billion | +62.70% |
| 2018-06-30 | $863.58 Million | +14.23% |
| 2017-06-30 | $756.03 Million | +20.07% |
| 2016-06-30 | $629.64 Million | -8.44% |
| 2015-06-30 | $687.65 Million | -2.85% |
| 2014-06-30 | $707.79 Million | +7.89% |
| 2013-06-30 | $656.06 Million | -13.17% |
| 2012-06-30 | $755.55 Million | -16.08% |
| 2011-06-30 | $900.33 Million | -2.11% |
| 2010-06-30 | $919.69 Million | +13.36% |
| 2009-06-30 | $811.30 Million | +119.10% |
| 2008-06-30 | $370.29 Million | +24.88% |
| 2007-06-30 | $296.51 Million | +16.00% |
| 2006-06-30 | $255.60 Million | +122.05% |
| 2005-06-30 | $115.11 Million | +61.99% |
| 2004-06-30 | $71.06 Million | +37023.80% |
| 2003-06-30 | $191.42K | +117.31% |
| 2002-06-30 | $-1.11 Million | -399.95% |
| 2001-06-30 | $368.59K | +122.83% |
| 2000-06-30 | $-1.61 Million | -130.35% |
| 1999-06-30 | $5.32 Million | -63.32% |
| 1998-06-30 | $14.50 Million | -21.65% |
| 1997-06-30 | $18.51 Million | +252.34% |
| 1996-06-30 | $5.25 Million | +210.92% |
| 1995-06-30 | $-4.74 Million | -109.74% |
| 1994-06-30 | $-2.26 Million | +60.74% |
| 1993-06-30 | $-5.75 Million | -31.59% |
| 1992-06-30 | $-4.37 Million | +1.60% |
| 1991-06-30 | $-4.44 Million | -17868.00% |
| 1990-06-30 | $25.00K | +100.44% |
| 1989-06-30 | $-5.67 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nova Minerals 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 98629100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $952.03 Million | 45.01% |
| Common Stock | $1.11 Billion | 52.56% |
| Other Components | $51.25 Million | 2.42% |
| Total Equity | $2.12 Billion | 100.00% |
Nova Minerals Limited Competitors by Market Cap
The table below lists competitors of Nova Minerals Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EN Shoham Business Ltd
TA:SHOM
|
$84.01 Million |
|
HELIOS FAIRFAX PARTNERS
F:3UD
|
$84.01 Million |
|
Health In Tech, Inc. Class A Common Stock
NASDAQ:HIT
|
$84.02 Million |
|
Sarla Performance Fibers Limited
NSE:SARLAPOLY
|
$84.02 Million |
|
VLS Finance Limited
NSE:VLSFINANCE
|
$83.95 Million |
|
Tamawood Ltd
AU:TWD
|
$83.90 Million |
|
Compagnie Industrielle et Financière d'Entreprises SA
PA:INFE
|
$83.88 Million |
|
SRP Groupe SA
PA:SRP
|
$83.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nova Minerals Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,935,493,000 to 2,115,032,000, a change of 179,539,000 (9.3%).
- Net income of 367,678,000 contributed positively to equity growth.
- Share repurchases of 10,250 reduced equity.
- New share issuances of 996,966 increased equity.
- Other factors decreased equity by 189,125,716.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $367.68 Million | +17.38% |
| Share Repurchases | $10.25K | -0.0% |
| Share Issuances | $996.97K | +0.05% |
| Other Changes | $-189.13 Million | -8.94% |
| Total Change | $- | 9.28% |
Book Value vs Market Value Analysis
This analysis compares Nova Minerals 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: 0.00x
- 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 |
|---|---|---|---|
| 2004-06-30 | $5686.32 | $34.32 | x |
| 2005-06-30 | $8670.53 | $34.32 | x |
| 2006-06-30 | $16887.16 | $34.32 | x |
| 2007-06-30 | $17899.97 | $34.32 | x |
| 2008-06-30 | $21519.85 | $34.32 | x |
| 2009-06-30 | $32442.92 | $34.32 | x |
| 2010-06-30 | $33014.79 | $34.32 | x |
| 2011-06-30 | $30491.79 | $34.32 | x |
| 2012-06-30 | $23234.05 | $34.32 | x |
| 2013-06-30 | $19458.45 | $34.32 | x |
| 2014-06-30 | $17631.84 | $34.32 | x |
| 2015-06-30 | $15113.45 | $34.32 | x |
| 2016-06-30 | $12718.18 | $34.32 | x |
| 2017-06-30 | $14357.07 | $34.32 | x |
| 2018-06-30 | $14899.57 | $34.32 | x |
| 2019-06-30 | $22040.87 | $34.32 | x |
| 2020-06-30 | $17949.19 | $34.32 | x |
| 2021-06-30 | $15378.71 | $34.32 | x |
| 2022-06-30 | $18483.03 | $34.32 | x |
| 2023-06-30 | $24593.93 | $34.32 | x |
| 2024-06-30 | $28966.30 | $34.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nova Minerals 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): 17.38%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.11%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 1.45x
- Recent ROE (17.38%) is above the historical average (1.98%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 7.98% | 22.55% | 0.27x | 1.29x | $-1.44 Million |
| 2005 | 15.92% | 23.08% | 0.46x | 1.51x | $6.81 Million |
| 2006 | 15.46% | 23.28% | 0.39x | 1.69x | $13.95 Million |
| 2007 | 11.90% | 18.32% | 0.33x | 1.99x | $5.63 Million |
| 2008 | 7.11% | 12.40% | 0.31x | 1.84x | $-10.70 Million |
| 2009 | 10.87% | 17.11% | 0.37x | 1.73x | $7.07 Million |
| 2010 | 0.27% | 0.74% | 0.22x | 1.69x | $-89.49 Million |
| 2011 | -1.55% | -3.83% | 0.23x | 1.77x | $-104.02 Million |
| 2012 | -19.03% | -41.30% | 0.25x | 1.82x | $-219.35 Million |
| 2013 | -29.75% | -80.66% | 0.28x | 1.34x | $-260.81 Million |
| 2014 | -8.64% | -28.64% | 0.24x | 1.28x | $-131.92 Million |
| 2015 | -8.56% | -22.72% | 0.25x | 1.49x | $-127.65 Million |
| 2016 | -27.46% | -76.62% | 0.23x | 1.56x | $-235.89 Million |
| 2017 | -0.22% | -0.64% | 0.27x | 1.27x | $-77.26 Million |
| 2018 | 10.93% | 24.98% | 0.32x | 1.37x | $8.01 Million |
| 2019 | 9.70% | 24.51% | 0.25x | 1.55x | $-4.26 Million |
| 2020 | -4.73% | -11.38% | 0.24x | 1.73x | $-198.71 Million |
| 2021 | -17.10% | -46.60% | 0.20x | 1.87x | $-313.57 Million |
| 2022 | 18.43% | 29.90% | 0.37x | 1.67x | $121.09 Million |
| 2023 | 32.60% | 36.14% | 0.62x | 1.46x | $437.50 Million |
| 2024 | 17.38% | 29.11% | 0.41x | 1.45x | $156.17 Million |
Industry Comparison
This section compares Nova Minerals 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: $206,234,162
- Average return on equity (ROE) among peers: -12.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nova Minerals Limited (NVA) | $2.28 Billion | 7.98% | 0.46x | $83.98 Million |
| Almonty Industries Inc. Common Shares (ALM) | $39.75 Million | -36.45% | 3.85x | $1.65 Billion |
| REalloys Inc. (ALOY) | $-1.76 Million | 0.00% | 0.00x | $591.13 Million |
| Atlas Lithium Corporation Common Stock (ATLX) | $22.01 Million | -191.91% | 1.63x | $133.83 Million |
| China Natural Resources Inc (CHNR) | $538.08 Million | 106.75% | 2.79x | $4.90 Million |
| Compass Minerals International Inc (CMP) | $653.60 Million | 33.34% | 1.50x | $1.00 Billion |
| Critical Metals Corp. Ordinary Shares (CRML) | $151.00 Million | -0.23% | 0.06x | $1.11 Billion |
| Electra Battery Materials Corp (ELBM) | $92.15 Million | -2.59% | 0.13x | $60.31 Million |
| Sayona Mining Limited American Depository Shares (ELVR) | $570.80 Million | 10.32% | 0.16x | $467.91 Million |
| Evolution Metals & Technologies Corp. Common Stock (EMAT) | $-9.03 Million | 0.00% | 0.00x | $4.72 Billion |
| Foremost Lithium Resource & Technology Ltd. Common stock (FMST) | $5.75 Million | -47.38% | 0.12x | $20.46 Million |
About Nova Minerals Limited
Nova Minerals Limited engages in the exploration of mineral properties in Australia and the United States. The company explores for gold, antimony, and critical minerals. Its flagship project is the Estelle Gold project comprising 803 mining claims covering an area of 514 square kilometers located in the State of Alaska. The company was formerly known as Quantum Resources Limited and changed its … Read more