First Au Limited
First Au Limited engages in the exploration for gold and base metal deposits in Western Australia and Victoria. Its flagship property is the 100% owned Victorian Gold Project, which include Haunted Stream Project and Swifts Creek Goldfields located in the Eastern Goldfields, Victoria. The company was incorporated in 1960 and is based in Subiaco, Australia.
First Au Limited (FRSAF) - Net Assets
Latest net assets as of June 2025: $2.23 Million USD
Based on the latest financial reports, First Au Limited (FRSAF) has net assets worth $2.23 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 ($2.50 Million) and total liabilities ($266.76K). 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 | $2.23 Million |
| % of Total Assets | 89.33% |
| Annual Growth Rate | -1.85% |
| 5-Year Change | -36.46% |
| 10-Year Change | 1207.26% |
| Growth Volatility | 320.41 |
First Au Limited - Net Assets Trend (1989–2024)
This chart illustrates how First Au 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 First Au Limited (1989–2024)
The table below shows the annual net assets of First Au Limited from 1989 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.19 Million | -14.53% |
| 2023-12-31 | $2.57 Million | -1.91% |
| 2022-12-31 | $2.62 Million | -49.79% |
| 2021-12-31 | $5.21 Million | +50.96% |
| 2020-12-31 | $3.45 Million | +26.67% |
| 2019-12-31 | $2.73 Million | -40.94% |
| 2018-12-31 | $4.62 Million | +1909.61% |
| 2017-12-31 | $229.65K | -42.41% |
| 2016-12-31 | $398.80K | +137.62% |
| 2015-12-31 | $167.83K | +10.77% |
| 2014-12-31 | $151.52K | -89.42% |
| 2013-12-31 | $1.43 Million | -4.09% |
| 2012-12-31 | $1.49 Million | -7.29% |
| 2011-12-31 | $1.61 Million | -18.78% |
| 2010-12-31 | $1.98 Million | -27.83% |
| 2009-12-31 | $2.75 Million | -5.39% |
| 2008-12-31 | $2.90 Million | -24.24% |
| 2007-12-31 | $3.83 Million | -13.03% |
| 2006-12-31 | $4.41 Million | +4.31% |
| 2005-12-31 | $4.22 Million | -11.98% |
| 2004-12-31 | $4.80 Million | -12.23% |
| 2003-12-31 | $5.47 Million | -7.71% |
| 2002-12-31 | $5.92 Million | -5.93% |
| 2001-12-31 | $6.30 Million | -3.60% |
| 2000-12-31 | $6.53 Million | +3.58% |
| 1999-12-31 | $6.31 Million | +1.57% |
| 1998-12-31 | $6.21 Million | +2.95% |
| 1997-12-31 | $6.03 Million | +2.39% |
| 1996-12-31 | $5.89 Million | +0.42% |
| 1995-12-31 | $5.87 Million | +3.29% |
| 1994-12-31 | $5.68 Million | +1.41% |
| 1993-12-31 | $5.60 Million | +28.29% |
| 1992-12-31 | $4.37 Million | +3.80% |
| 1991-12-31 | $4.21 Million | -0.07% |
| 1990-12-31 | $4.21 Million | -0.31% |
| 1989-12-31 | $4.22 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Au 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 1009.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $20.71 Million | 944.06% |
| Total Equity | $2.19 Million | 100.00% |
First Au Limited Competitors by Market Cap
The table below lists competitors of First Au Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
See Hup Consolidated Bhd
KLSE:7053
|
$1.31 Million |
|
Canadian Palladium Resources Inc
PINK:DCNNF
|
$1.31 Million |
|
Halo Technologies Holdings Ltd
AU:HAL
|
$1.31 Million |
|
Krida Jaringan Nusantara Tbk PT
JK:KJEN
|
$1.31 Million |
|
Mask Investments Limited
NSE:MASKINVEST
|
$1.31 Million |
|
Dantax
CO:DANT
|
$1.31 Million |
|
GLACIER LAKE RES
F:KDM
|
$1.31 Million |
|
Dogwood Therapeutics, Inc.
NASDAQ:DWTX
|
$1.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Au Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,567,147 to 2,194,025, a change of -373,122 (-14.5%).
- Net loss of 978,606 reduced equity.
- Share repurchases of 19,500 reduced equity.
- New share issuances of 624,985 increased equity.
- Other comprehensive income decreased equity by 93,377.
- Other factors increased equity by 93,376.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-978.61K | -44.6% |
| Share Repurchases | $19.50K | -0.89% |
| Share Issuances | $624.99K | +28.49% |
| Other Comprehensive Income | $-93.38K | -4.26% |
| Other Changes | $93.38K | +4.26% |
| Total Change | $- | -14.53% |
Book Value vs Market Value Analysis
This analysis compares First Au 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: 0.94x
- 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 0.08x to 0.94x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-12-31 | $0.02 | $0.00 | x |
| 1990-12-31 | $0.02 | $0.00 | x |
| 1991-12-31 | $0.02 | $0.00 | x |
| 1992-12-31 | $0.29 | $0.00 | x |
| 1993-12-31 | $0.37 | $0.00 | x |
| 1994-12-31 | $0.38 | $0.00 | x |
| 1995-12-31 | $0.39 | $0.00 | x |
| 1996-12-31 | $0.39 | $0.00 | x |
| 1997-12-31 | $0.40 | $0.00 | x |
| 1998-12-31 | $0.41 | $0.00 | x |
| 1999-12-31 | $0.42 | $0.00 | x |
| 2000-12-31 | $0.44 | $0.00 | x |
| 2001-12-31 | $0.42 | $0.00 | x |
| 2002-12-31 | $0.40 | $0.00 | x |
| 2003-12-31 | $0.36 | $0.00 | x |
| 2004-12-31 | $0.32 | $0.00 | x |
| 2005-12-31 | $0.29 | $0.00 | x |
| 2006-12-31 | $0.29 | $0.00 | x |
| 2007-12-31 | $0.26 | $0.00 | x |
| 2008-12-31 | $0.19 | $0.00 | x |
| 2009-12-31 | $0.18 | $0.00 | x |
| 2010-12-31 | $0.13 | $0.00 | x |
| 2011-12-31 | $0.11 | $0.00 | x |
| 2012-12-31 | $0.10 | $0.00 | x |
| 2013-12-31 | $0.10 | $0.00 | x |
| 2014-12-31 | $0.01 | $0.00 | x |
| 2015-12-31 | $0.01 | $0.00 | x |
| 2016-12-31 | $0.01 | $0.00 | x |
| 2017-12-31 | $0.01 | $0.00 | x |
| 2018-12-31 | $0.03 | $0.00 | x |
| 2019-12-31 | $0.01 | $0.00 | x |
| 2020-12-31 | $0.01 | $0.00 | x |
| 2021-12-31 | $0.01 | $0.00 | x |
| 2022-12-31 | $0.00 | $0.00 | x |
| 2023-12-31 | $0.00 | $0.00 | x |
| 2024-12-31 | $0.00 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Au 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): -44.60%
- 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: 1.07x
- Recent ROE (-44.60%) is below the historical average (-37.15%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 0.78% | 0.00% | 0.00x | 1.08x | $-389.10K |
| 1990 | 0.10% | 0.00% | 0.00x | 1.06x | $-416.80K |
| 1996 | 3.24% | 0.00% | 0.00x | 1.05x | $-398.04K |
| 1998 | 2.87% | 0.00% | 0.00x | 1.01x | $-442.92K |
| 1999 | 1.54% | 0.00% | 0.00x | 1.00x | $-533.22K |
| 2000 | 6.20% | 0.00% | 0.00x | 1.00x | $-248.24K |
| 2001 | -1.35% | 0.00% | 0.00x | 1.03x | $-714.75K |
| 2002 | -4.41% | 0.00% | 0.00x | 1.02x | $-853.40K |
| 2003 | -7.55% | -398.66% | 0.02x | 1.01x | $-959.71K |
| 2004 | -15.00% | -100.98% | 0.14x | 1.03x | $-1.20 Million |
| 2005 | -14.25% | -60.65% | 0.23x | 1.03x | $-1.04 Million |
| 2006 | -17.39% | -51.69% | 0.25x | 1.36x | $-1.21 Million |
| 2007 | 6.69% | 22.81% | 0.23x | 1.26x | $-127.03K |
| 2008 | -13.40% | -90.36% | 0.13x | 1.18x | $-679.29K |
| 2009 | -30.55% | -415.92% | 0.07x | 1.10x | $-1.11 Million |
| 2010 | -22.55% | -149.88% | 0.14x | 1.08x | $-645.22K |
| 2011 | -16.33% | -310.84% | 0.05x | 1.07x | $-423.94K |
| 2012 | -15.40% | -297.39% | 0.05x | 1.02x | $-379.16K |
| 2013 | -3.32% | -20.52% | 0.16x | 1.03x | $-190.65K |
| 2014 | 15.48% | 7.17% | 2.00x | 1.08x | $8.31K |
| 2015 | -154.91% | -4138.81% | 0.04x | 1.06x | $-276.78K |
| 2016 | -54.16% | -12558.14% | 0.00x | 1.23x | $-255.88K |
| 2017 | -197.59% | -26897.75% | 0.01x | 1.40x | $-476.73K |
| 2018 | -78.40% | -7558.29% | 0.01x | 1.03x | $-4.08 Million |
| 2019 | -101.94% | -21179.25% | 0.00x | 1.03x | $-3.05 Million |
| 2020 | -68.99% | -344.39% | 0.18x | 1.14x | $-2.73 Million |
| 2021 | -74.42% | -4748.14% | 0.01x | 1.05x | $-4.40 Million |
| 2022 | -143.22% | -1464060.16% | 0.00x | 1.08x | $-4.01 Million |
| 2023 | -71.63% | -10294.59% | 0.01x | 1.08x | $-2.10 Million |
| 2024 | -44.60% | 0.00% | 0.00x | 1.07x | $-1.20 Million |
Industry Comparison
This section compares First Au 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 |
|---|---|---|---|---|
| First Au Limited (FRSAF) | $2.23 Million | 0.78% | 0.12x | $1.31 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 |