FAR Limited
FAR Limited operates as an oil and gas exploration and development company in Africa. It primarily holds a portfolio of exploration licenses in the Gambia. The company was formerly known as First Australian Resources NL and changed its name to FAR Limited in 2010. The company was incorporated in 1984 and is based in South Melbourne, Australia.
FAR Limited (FARYF) - Net Assets
Latest net assets as of June 2025: $40.25 Million USD
Based on the latest financial reports, FAR Limited (FARYF) has net assets worth $40.25 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($46.32 Million) and total liabilities ($6.08 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 | $40.25 Million |
| % of Total Assets | 86.88% |
| Annual Growth Rate | 19.1% |
| 5-Year Change | -66.84% |
| 10-Year Change | -37.13% |
| Growth Volatility | 280.03 |
FAR Limited - Net Assets Trend (1989–2024)
This chart illustrates how FAR 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 FAR Limited (1989–2024)
The table below shows the annual net assets of FAR Limited from 1989 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $46.87 Million | +1579.28% |
| 2023-12-31 | $2.79 Million | -94.38% |
| 2022-12-31 | $49.67 Million | +25.34% |
| 2021-12-31 | $39.63 Million | -71.96% |
| 2020-12-31 | $141.36 Million | +9.26% |
| 2019-12-31 | $129.37 Million | -1.92% |
| 2018-12-31 | $131.91 Million | -0.19% |
| 2017-12-31 | $132.16 Million | +26.75% |
| 2016-12-31 | $104.27 Million | +39.88% |
| 2015-12-31 | $74.54 Million | +40.73% |
| 2014-12-31 | $52.97 Million | +95.78% |
| 2013-12-31 | $27.05 Million | -66.76% |
| 2012-12-31 | $81.40 Million | +14.02% |
| 2011-12-31 | $71.39 Million | +24.39% |
| 2010-12-31 | $57.39 Million | +133.39% |
| 2009-12-31 | $24.59 Million | +75.77% |
| 2008-12-31 | $13.99 Million | -26.41% |
| 2007-12-31 | $19.01 Million | +38.05% |
| 2006-12-31 | $13.77 Million | +76.42% |
| 2005-12-31 | $7.81 Million | +54.18% |
| 2004-12-31 | $5.06 Million | +7.72% |
| 2003-12-31 | $4.70 Million | +21.94% |
| 2002-12-31 | $3.85 Million | +10.59% |
| 2001-12-31 | $3.49 Million | +23.59% |
| 2000-12-31 | $2.82 Million | +6.96% |
| 1999-12-31 | $2.64 Million | -25.12% |
| 1998-12-31 | $3.52 Million | -38.88% |
| 1997-12-31 | $5.76 Million | +11.51% |
| 1996-12-31 | $5.17 Million | +117.74% |
| 1995-12-31 | $2.37 Million | -23.81% |
| 1994-12-31 | $3.11 Million | +230.76% |
| 1993-12-31 | $941.36K | +25.61% |
| 1992-12-31 | $749.43K | -9.45% |
| 1991-12-31 | $827.63K | +14.79% |
| 1990-12-31 | $721.00K | +598.54% |
| 1989-12-31 | $103.22K | -- |
Equity Component Analysis
This analysis shows how different components contribute to FAR 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 1180131221.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $66.64 Million | 142.20% |
| Other Comprehensive Income | $-5.13 Million | -10.94% |
| Total Equity | $46.87 Million | 100.00% |
FAR Limited Competitors by Market Cap
The table below lists competitors of FAR Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sub Sri Thai Real Estate Investment Trust
BK:SSTRT
|
$12.27 Million |
|
BERGEN C.S. NK -0003
F:7X7
|
$12.27 Million |
|
Zaklady Przemyslu Cukierniczego Otmuchow S.A.
WAR:OTM
|
$12.27 Million |
|
Westward Gold Inc
OTCQB:WGLIF
|
$12.28 Million |
|
Nordicus Partners Corporation
OTCQB:NORD
|
$12.27 Million |
|
SIGMATRON INTL DL-01
F:SG3
|
$12.26 Million |
|
Oxford BioDynamics Plc
PINK:OXBOF
|
$12.26 Million |
|
Mount Ridley Mines Ltd
AU:MRD
|
$12.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FAR Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,790,876 to 46,866,635, a change of 44,075,759 (1579.3%).
- Net income of 44,076,000 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $44.08 Million | +94.05% |
| Other Changes | $-241.00 | -0.0% |
| Total Change | $- | 1579.28% |
Book Value vs Market Value Analysis
This analysis compares FAR 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: 0.65x
- 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 0.82x to 0.65x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-12-31 | $0.40 | $0.33 | x |
| 1990-12-31 | $2.80 | $0.33 | x |
| 1991-12-31 | $3.22 | $0.33 | x |
| 1992-12-31 | $2.92 | $0.33 | x |
| 1993-12-31 | $3.88 | $0.33 | x |
| 1994-12-31 | $8.42 | $0.33 | x |
| 1995-12-31 | $5.68 | $0.33 | x |
| 1996-12-31 | $9.50 | $0.33 | x |
| 1997-12-31 | $949.42 | $0.33 | x |
| 1998-12-31 | $4.66 | $0.33 | x |
| 1999-12-31 | $2.81 | $0.33 | x |
| 2000-12-31 | $2.68 | $0.33 | x |
| 2001-12-31 | $2.98 | $0.33 | x |
| 2002-12-31 | $2.90 | $0.33 | x |
| 2003-12-31 | $3.02 | $0.33 | x |
| 2004-12-31 | $2.80 | $0.33 | x |
| 2005-12-31 | $3.11 | $0.33 | x |
| 2006-12-31 | $3.69 | $0.33 | x |
| 2007-12-31 | $4.20 | $0.33 | x |
| 2008-12-31 | $2.75 | $0.33 | x |
| 2009-12-31 | $3.88 | $0.33 | x |
| 2010-12-31 | $7.83 | $0.33 | x |
| 2011-12-31 | $5.27 | $0.33 | x |
| 2012-12-31 | $3.36 | $0.33 | x |
| 2013-12-31 | $1.08 | $0.33 | x |
| 2014-12-31 | $1.96 | $0.33 | x |
| 2015-12-31 | $2.17 | $0.33 | x |
| 2016-12-31 | $2.48 | $0.33 | x |
| 2017-12-31 | $2.57 | $0.33 | x |
| 2018-12-31 | $2.42 | $0.33 | x |
| 2019-12-31 | $2.16 | $0.33 | x |
| 2020-12-31 | $145.75 | $0.33 | x |
| 2021-12-31 | $0.40 | $0.33 | x |
| 2022-12-31 | $0.34 | $0.33 | x |
| 2023-12-31 | $0.03 | $0.33 | x |
| 2024-12-31 | $0.51 | $0.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FAR 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): 94.05%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 104.08%
- • Asset Turnover: 0.90x
- • Equity Multiplier: 1.00x
- Recent ROE (94.05%) is above the historical average (-67.78%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | -1326.35% | -182.28% | 0.36x | 20.28x | $-1.38 Million |
| 1990 | -90.43% | -55.58% | 0.66x | 2.48x | $-724.10K |
| 1991 | 1.21% | 0.83% | 0.79x | 1.83x | $-72.76K |
| 1992 | -23.08% | -15.36% | 0.89x | 1.68x | $-247.94K |
| 1993 | -69.90% | -77.75% | 0.53x | 1.69x | $-752.14K |
| 1994 | -44.93% | -124.91% | 0.28x | 1.30x | $-1.71 Million |
| 1995 | -54.67% | -142.34% | 0.28x | 1.39x | $-1.53 Million |
| 1996 | 12.94% | 61.59% | 0.18x | 1.17x | $151.69K |
| 1997 | -1.57% | 0.00% | 0.00x | 1.29x | $-666.45K |
| 1998 | -132.22% | -182.19% | 0.57x | 1.28x | $-5.01 Million |
| 1999 | -89.92% | 0.00% | 0.00x | 1.31x | $-2.63 Million |
| 2000 | 40.35% | 58.51% | 0.57x | 1.21x | $856.00K |
| 2001 | 13.99% | 40.73% | 0.30x | 1.15x | $139.00K |
| 2002 | -3.53% | -18.34% | 0.18x | 1.09x | $-521.43K |
| 2003 | -36.55% | -139.90% | 0.24x | 1.09x | $-2.19 Million |
| 2004 | -48.28% | -127.03% | 0.33x | 1.14x | $-2.95 Million |
| 2005 | -8.51% | -35.34% | 0.22x | 1.08x | $-1.44 Million |
| 2006 | -25.11% | -185.56% | 0.11x | 1.26x | $-4.83 Million |
| 2007 | -17.13% | -185.53% | 0.08x | 1.23x | $-5.16 Million |
| 2008 | -48.31% | -360.67% | 0.10x | 1.31x | $-8.16 Million |
| 2009 | 7.82% | 164.87% | 0.04x | 1.13x | $-535.06K |
| 2010 | -12.01% | -658.99% | 0.02x | 1.08x | $-12.63 Million |
| 2011 | -17.40% | -1494.64% | 0.01x | 1.13x | $-19.56 Million |
| 2012 | -11.56% | -301.22% | 0.04x | 1.08x | $-17.55 Million |
| 2013 | -26.23% | -960.68% | 0.03x | 1.08x | $-9.80 Million |
| 2014 | -10.72% | 0.00% | 0.00x | 1.39x | $-10.97 Million |
| 2015 | -19.16% | 0.00% | 0.00x | 1.19x | $-21.74 Million |
| 2016 | -15.03% | 0.00% | 0.00x | 1.05x | $-26.10 Million |
| 2017 | -25.25% | 0.00% | 0.00x | 1.06x | $-46.58 Million |
| 2018 | -8.81% | 0.00% | 0.00x | 1.02x | $-24.81 Million |
| 2019 | -16.54% | 0.00% | 0.00x | 1.05x | $-34.34 Million |
| 2020 | -64.47% | 0.00% | 0.00x | 1.26x | $-105.27 Million |
| 2021 | -113.00% | 0.00% | 0.00x | 1.44x | $-48.74 Million |
| 2022 | -15.14% | 0.00% | 0.00x | 1.55x | $-8.47 Million |
| 2023 | -234.51% | 0.00% | 0.00x | 1.10x | $-6.82 Million |
| 2024 | 94.05% | 104.08% | 0.90x | 1.00x | $39.39 Million |
Industry Comparison
This section compares FAR Limited's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $725,430,102
- Average return on equity (ROE) among peers: -4.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FAR Limited (FARYF) | $40.25 Million | -1326.35% | 0.15x | $12.27 Million |
| Advantage Energy Ltd. (AAVVF) | $1.46 Billion | 28.18% | 0.37x | $922.80 Million |
| ADX Energy Ltd (ADXRF) | $6.43 Million | -102.77% | 0.09x | $9.58 Million |
| ARC Resources Ltd. (AETUF) | $3.67 Billion | 10.60% | 0.70x | $10.30 Billion |
| Aminex PLC (AEXFF) | $53.12 Million | -6.15% | 0.15x | $77.17 Million |
| Aker BP ASA (AKRBF) | $1.99 Billion | 2.25% | 5.25x | $6.29 Billion |
| Arkanova Energy Corporation (AKVA) | $-11.63 Million | 0.00% | 0.00x | $4.92K |
| Allied Resources Inc (ALOD) | $1.91 Million | -8.89% | 0.28x | $428.76K |
| Altex Industries Inc (ALTX) | $1.30 Million | -5.62% | 0.84x | $1.08 Million |
| Alvopetro Energy Ltd (ALVOF) | $80.73 Million | -15.39% | 0.04x | $117.02 Million |
| AMEN Properties Inc (AMEN) | $6.15 Million | 55.97% | 0.13x | $4.80 Million |