Bellevue Gold Limited
Bellevue Gold Limited, together with its subsidiaries, engages in the exploration, development, mining, and processing of gold properties in Australia. The company primarily holds interest in the Bellevue gold project located to north-west of Leinster in the Goldfields region of Western Australia. The company was formerly known as Draig Resources Limited and changed its name to Bellevue Gold Limi… Read more
Bellevue Gold Limited (BELGF) - Net Assets
Latest net assets as of December 2025: $830.62 Million USD
Based on the latest financial reports, Bellevue Gold Limited (BELGF) has net assets worth $830.62 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.25 Billion) and total liabilities ($421.50 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 | $830.62 Million |
| % of Total Assets | 66.34% |
| Annual Growth Rate | 44.9% |
| 5-Year Change | 271.62% |
| 10-Year Change | 41486.23% |
| Growth Volatility | 275.91 |
Bellevue Gold Limited - Net Assets Trend (2005–2025)
This chart illustrates how Bellevue Gold 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 Bellevue Gold Limited (2005–2025)
The table below shows the annual net assets of Bellevue Gold Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $820.08 Million | +46.54% |
| 2024-06-30 | $559.64 Million | +30.90% |
| 2023-06-30 | $427.55 Million | +21.97% |
| 2022-06-30 | $350.52 Million | +58.84% |
| 2021-06-30 | $220.68 Million | +131.05% |
| 2020-06-30 | $95.51 Million | +87.82% |
| 2019-06-30 | $50.85 Million | +156.20% |
| 2018-06-30 | $19.85 Million | +289.93% |
| 2017-06-30 | $5.09 Million | +158.13% |
| 2016-06-30 | $1.97 Million | +6.30% |
| 2015-06-30 | $1.86 Million | -21.63% |
| 2014-06-30 | $2.37 Million | -61.77% |
| 2013-06-30 | $6.19 Million | -58.98% |
| 2012-06-30 | $15.09 Million | +1259.31% |
| 2011-06-30 | $1.11 Million | +11.68% |
| 2010-06-30 | $994.25K | +4.62% |
| 2009-06-30 | $950.31K | +10.15% |
| 2008-06-30 | $862.73K | -46.92% |
| 2007-06-30 | $1.63 Million | +93.95% |
| 2006-06-30 | $838.00K | +70.23% |
| 2005-06-30 | $492.26K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bellevue Gold 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 6919941300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $867.25 Million | 105.75% |
| Other Comprehensive Income | $22.25 Million | 2.71% |
| Total Equity | $820.08 Million | 100.00% |
Bellevue Gold Limited Competitors by Market Cap
The table below lists competitors of Bellevue Gold Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CapitaLand China Trust
PINK:CLDHF
|
$745.61 Million |
|
First National Financial Corporation
PINK:FNLIF
|
$745.82 Million |
|
Array Digital Infrastructure, Inc.
NYSE:AD
|
$745.85 Million |
|
Southern Sun Ltd.
JSE:SSU
|
$745.85 Million |
|
Zhejiang Wanliyang Transmission Co Ltd
SHE:002434
|
$745.30 Million |
|
Mimasu Semiconductor Industry Co. Ltd
MU:MU2
|
$745.20 Million |
|
Zenas BioPharma, Inc. Common Stock
NASDAQ:ZBIO
|
$745.09 Million |
|
Mullen Group Ltd
PINK:MLLGF
|
$744.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bellevue Gold Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 559,640,000 to 820,075,000, a change of 260,435,000 (46.5%).
- Net loss of 45,889,000 reduced equity.
- Share repurchases of 13,377,000 reduced equity.
- New share issuances of 307,292,000 increased equity.
- Other comprehensive income decreased equity by 3,927,000.
- Other factors increased equity by 16,336,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-45.89 Million | -5.6% |
| Share Repurchases | $13.38 Million | -1.63% |
| Share Issuances | $307.29 Million | +37.47% |
| Other Comprehensive Income | $-3.93 Million | -0.48% |
| Other Changes | $16.34 Million | +1.99% |
| Total Change | $- | 46.54% |
Book Value vs Market Value Analysis
This analysis compares Bellevue Gold 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: 0.92x
- 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.
- The price-to-book ratio has decreased from 3.79x to 0.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-06-30 | $0.15 | $0.58 | x |
| 2006-06-30 | $0.32 | $0.58 | x |
| 2007-06-30 | $0.42 | $0.58 | x |
| 2008-06-30 | $0.17 | $0.58 | x |
| 2009-06-30 | $0.10 | $0.58 | x |
| 2010-06-30 | $0.07 | $0.58 | x |
| 2011-06-30 | $0.05 | $0.58 | x |
| 2012-06-30 | $0.31 | $0.58 | x |
| 2013-06-30 | $0.09 | $0.58 | x |
| 2014-06-30 | $0.03 | $0.58 | x |
| 2015-06-30 | $0.03 | $0.58 | x |
| 2016-06-30 | $0.02 | $0.58 | x |
| 2017-06-30 | $0.03 | $0.58 | x |
| 2018-06-30 | $0.06 | $0.58 | x |
| 2019-06-30 | $0.12 | $0.58 | x |
| 2020-06-30 | $0.16 | $0.58 | x |
| 2021-06-30 | $0.26 | $0.58 | x |
| 2022-06-30 | $0.36 | $0.58 | x |
| 2023-06-30 | $0.39 | $0.58 | x |
| 2024-06-30 | $0.47 | $0.58 | x |
| 2025-06-30 | $0.63 | $0.58 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bellevue Gold 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): -5.60%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.07%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 1.52x
- Recent ROE (-5.60%) is above the historical average (-56.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | -44.00% | 0.00% | 0.00x | 2.16x | $-265.81K |
| 2006 | -153.83% | -414.11% | 0.18x | 2.04x | $-1.37 Million |
| 2007 | -70.48% | -336.93% | 0.20x | 1.02x | $-1.31 Million |
| 2008 | -84.28% | -470.80% | 0.17x | 1.05x | $-813.42K |
| 2009 | -123.62% | -3428.21% | 0.04x | 1.01x | $-1.27 Million |
| 2010 | -50.95% | -17450.95% | 0.00x | 1.01x | $-606.03K |
| 2011 | -162.32% | -98219.84% | 0.00x | 1.04x | $-1.91 Million |
| 2012 | -26.93% | -307640.20% | 0.00x | 1.01x | $-5.57 Million |
| 2013 | -145.29% | 0.00% | 0.00x | 1.03x | $-9.61 Million |
| 2014 | -164.05% | 0.00% | 0.00x | 1.01x | $-4.12 Million |
| 2015 | -32.32% | 0.00% | 0.00x | 1.03x | $-785.00K |
| 2016 | -33.42% | 0.00% | 0.00x | 1.02x | $-856.28K |
| 2017 | -35.20% | 0.00% | 0.00x | 1.30x | $-2.30 Million |
| 2018 | -29.73% | 0.00% | 0.00x | 1.12x | $-7.89 Million |
| 2019 | -14.05% | 0.00% | 0.00x | 1.16x | $-12.23 Million |
| 2020 | -5.95% | 0.00% | 0.00x | 1.12x | $-15.24 Million |
| 2021 | -5.55% | 0.00% | 0.00x | 1.10x | $-34.31 Million |
| 2022 | -5.07% | 0.00% | 0.00x | 1.05x | $-52.82 Million |
| 2023 | -5.80% | 0.00% | 0.00x | 1.47x | $-67.54 Million |
| 2024 | 13.48% | 25.27% | 0.32x | 1.67x | $19.45 Million |
| 2025 | -5.60% | -9.07% | 0.41x | 1.52x | $-127.90 Million |
Industry Comparison
This section compares Bellevue Gold Limited's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $1,956,755,866
- Average return on equity (ROE) among peers: -68.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bellevue Gold Limited (BELGF) | $830.62 Million | -44.00% | 0.51x | $745.48 Million |
| Almadex Minerals Ltd (AAMMF) | $14.43 Million | -15.31% | 0.02x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $14.72 Million | -5.86% | 0.05x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $542.08K | -7.78% | 0.16x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $925.43K | -59.62% | 0.09x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $206.54K | -11.57% | 1.00x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $19.42 Billion | 10.18% | 0.48x | $105.00 Billion |
| Affinity Gold Corp (AFYG) | $241.37K | -497.12% | 0.10x | $4.68K |
| Andes Gold Corp (AGCZ) | $648.20K | -54.33% | 0.04x | $0.95 |
| Antioquia Gold Inc (AGDXF) | $1.57 Million | -38.90% | 0.28x | $1.44 Million |