Brightstar Resources Limited
Brightstar Resources Limited, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Australia. It holds interests in the Menzies, Cork Tree Well, Second Fortune Gold Mine, and the Jasper Hills properties, as well as in the Alpha, Beta, Lord Byron, Fish, and Gilt Key deposits located in Laverton Western Australia. The company was formerly known a… Read more
Brightstar Resources Limited (BTRAF) - Net Assets
Latest net assets as of June 2024: $69.08 Million USD
Based on the latest financial reports, Brightstar Resources Limited (BTRAF) has net assets worth $69.08 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 ($110.18 Million) and total liabilities ($41.10 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 | $69.08 Million |
| % of Total Assets | 62.7% |
| Annual Growth Rate | 209.25% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 243.24 |
Brightstar Resources Limited - Net Assets Trend (2021–2024)
This chart illustrates how Brightstar 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 Brightstar Resources Limited (2021–2024)
The table below shows the annual net assets of Brightstar Resources Limited from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | $69.08 Million | +106.69% |
| 2023-06-30 | $33.42 Million | +618.89% |
| 2022-06-30 | $4.65 Million | +99.19% |
| 2021-06-30 | $2.33 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Brightstar 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 decreased by 839764000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $118.40 Million | 171.39% |
| Total Equity | $69.08 Million | 100.00% |
Brightstar Resources Limited Competitors by Market Cap
The table below lists competitors of Brightstar Resources Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FIDELITY BANK PLC
XNSA:FIDELITYBK
|
$119.48 |
|
MEYER PLC
XNSA:MEYER
|
$119.67 |
|
Care REIT plc
LSE:CRT
|
$119.82 |
|
Adheris Health Limited
AU:AHE
|
$119.94 |
|
Redacted Industries Inc.
NASDAQ:VNUED
|
$118.93 |
|
MDM Permian Inc
PINK:MDMP
|
$118.87 |
|
Alternergy Holdings Corp.
PSE:ALTER
|
$118.82 |
|
Hauppauge Digital OTC
PINK:HAUP
|
$118.60 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Brightstar Resources Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 33,423,525 to 69,083,766, a change of 35,660,241 (106.7%).
- Net loss of 6,391,755 reduced equity.
- Share repurchases of 1,016,711 reduced equity.
- New share issuances of 20,500,000 increased equity.
- Other factors increased equity by 22,568,707.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-6.39 Million | -9.25% |
| Share Repurchases | $1.02 Million | -1.47% |
| Share Issuances | $20.50 Million | +29.67% |
| Other Changes | $22.57 Million | +32.67% |
| Total Change | $- | 106.69% |
Book Value vs Market Value Analysis
This analysis compares Brightstar 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: 0.84x
- 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 increased from 0.10x to 0.84x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-06-30 | $0.13 | $0.01 | x |
| 2022-06-30 | $0.18 | $0.01 | x |
| 2023-06-30 | $0.53 | $0.01 | x |
| 2024-06-30 | $0.02 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Brightstar 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): -9.25%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -606.25%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.59x
- Recent ROE (-9.25%) is below the historical average (626.51%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 2594.45% | 0.00% | 0.00x | 4.63x | $60.32 Million |
| 2022 | -84.96% | 0.00% | 0.00x | 3.23x | $-4.42 Million |
| 2023 | 5.82% | 0.00% | 0.00x | 1.18x | $-1.40 Million |
| 2024 | -9.25% | -606.25% | 0.01x | 1.59x | $-13.30 Million |
Industry Comparison
This section compares Brightstar Resources 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 |
|---|---|---|---|---|
| Brightstar Resources Limited (BTRAF) | $69.08 Million | 2594.45% | 0.59x | $119.28 |
| 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 |