European Lithium Limited
European Lithium Limited engages in the exploration and development of lithium deposits in Australia and Austria. It has 100% owned Wolfsberg lithium project located in Austria. The company is based in West Leederville, Australia.
European Lithium Limited (EULIF) - Net Assets
Latest net assets as of June 2024: $-3.61 Million USD
Based on the latest financial reports, European Lithium Limited (EULIF) has net assets worth $-3.61 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 ($109.84 Million) and total liabilities ($113.45 Million). 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 | $-3.61 Million |
| % of Total Assets | -3.29% |
| Annual Growth Rate | N/A |
| 5-Year Change | -110.45% |
| 10-Year Change | N/A |
| Growth Volatility | 56.44 |
European Lithium Limited - Net Assets Trend (2018–2024)
This chart illustrates how European Lithium 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 European Lithium Limited (2018–2024)
The table below shows the annual net assets of European Lithium Limited from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | $-3.61 Million | -105.45% |
| 2023-06-30 | $66.30 Million | -15.59% |
| 2022-06-30 | $78.55 Million | +84.53% |
| 2021-06-30 | $42.57 Million | +23.20% |
| 2020-06-30 | $34.55 Million | +6.07% |
| 2019-06-30 | $32.57 Million | +5.32% |
| 2018-06-30 | $30.93 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to European Lithium 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 2934.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $238.32 Million | 3875.59% |
| Total Equity | $6.15 Million | 100.00% |
European Lithium Limited Competitors by Market Cap
The table below lists competitors of European Lithium Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Daebo Magnetic Co.Ltd
KQ:290670
|
$29.95 Million |
|
Panagene Inc
KQ:046210
|
$29.96 Million |
|
Caprice Resources Limited
F:C3F
|
$29.97 Million |
|
Acrinova AB Series B
ST:ACRI-B
|
$29.98 Million |
|
HI SPAC 3
KQ:217500
|
$29.94 Million |
|
Tainet Communication System
TWO:4905
|
$29.94 Million |
|
Nano Labs Ltd
NASDAQ:NA
|
$29.94 Million |
|
Flag Ship Acquisition Corp. Ordinary Shares
NASDAQ:FSHP
|
$29.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in European Lithium Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 66,303,914 to 6,149,238, a change of -60,154,676 (-90.7%).
- Net loss of 212,561,076 reduced equity.
- Share repurchases of 1,302,483 reduced equity.
- New share issuances of 11,731,645 increased equity.
- Other factors increased equity by 141,977,238.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-212.56 Million | -3456.71% |
| Share Repurchases | $1.30 Million | -21.18% |
| Share Issuances | $11.73 Million | +190.78% |
| Other Changes | $141.98 Million | +2308.86% |
| Total Change | $- | -90.73% |
Book Value vs Market Value Analysis
This analysis compares European Lithium 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: 5.68x
- 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 0.44x to 5.68x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-06-30 | $0.06 | $0.03 | x |
| 2019-06-30 | $0.06 | $0.03 | x |
| 2020-06-30 | $0.05 | $0.03 | x |
| 2021-06-30 | $0.05 | $0.03 | x |
| 2022-06-30 | $0.06 | $0.03 | x |
| 2023-06-30 | $0.04 | $0.03 | x |
| 2024-06-30 | $0.00 | $0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently European Lithium 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): -3456.71%
- 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: 17.86x
- Recent ROE (-3456.71%) is below the historical average (-502.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -2.42% | -2323.15% | 0.00x | 1.02x | $-3.84 Million |
| 2019 | -8.60% | -8183.93% | 0.00x | 1.06x | $-6.06 Million |
| 2020 | -9.43% | -93645.39% | 0.00x | 1.08x | $-6.71 Million |
| 2021 | -9.31% | -2002485.86% | 0.00x | 1.04x | $-8.22 Million |
| 2022 | -15.68% | -41448.27% | 0.00x | 1.01x | $-20.17 Million |
| 2023 | -18.41% | 0.00% | 0.00x | 1.08x | $-18.84 Million |
| 2024 | -3456.71% | 0.00% | 0.00x | 17.86x | $-213.18 Million |
Industry Comparison
This section compares European Lithium 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: $2,436,539,064
- Average return on equity (ROE) among peers: -72.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| European Lithium Limited (EULIF) | $-3.61 Million | -2.42% | N/A | $29.94 Million |
| Asia Broadband Inc (AABB) | $-384.18K | 0.00% | 0.00x | $228.54 |
| Altair Resources Inc (AAEEF) | $519.85K | -583.77% | 3.27x | $165.38K |
| Aftermath Silver Ltd (AAGFF) | $26.16 Million | -26.37% | 0.41x | $99.81 Million |
| Anglo American plc (AAUKF) | $24.32 Billion | 6.55% | 1.06x | $26.36 Billion |
| Abacus Mining & Exploration Corporation (ABCFF) | $-123.88K | 0.00% | 0.00x | $1.95 Million |
| Vision Lithium Inc (ABEPF) | $-384.45K | 0.00% | 0.00x | $3.75 Million |
| Arbor Metals Corp (ABRMF) | $700.32K | -22.12% | 0.03x | $3.05 Million |
| ACG Metals Limited (ACGAF) | $3.51 Million | -77.72% | 0.31x | $121.32 Million |
| ACME Lithium Inc (ACLHF) | $-1.00 Million | 0.00% | 0.00x | $561.74K |
| ACMNF (ACMNF) | $11.40 Million | -19.68% | 0.16x | $14.34 Million |