Metals X Limited
Metals X Limited engages in the production of tin in Australia. The company holds a 50% interest in the Renison tin project located on the Northwest Tasmania. It also invests in companies undertaking exploration and development of tin, gold, and base metals projects. Metals X Limited was incorporated in 2004 and is based in South Perth, Australia.
Metals X Limited (MLXEF) - Net Assets
Latest net assets as of June 2025: $315.93 Million USD
Based on the latest financial reports, Metals X Limited (MLXEF) has net assets worth $315.93 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 ($366.07 Million) and total liabilities ($50.15 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 | $315.93 Million |
| % of Total Assets | 86.3% |
| Annual Growth Rate | 12.97% |
| 5-Year Change | 208.54% |
| 10-Year Change | 8.32% |
| Growth Volatility | 81.92 |
Metals X Limited - Net Assets Trend (2005–2024)
This chart illustrates how Metals X 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 Metals X Limited (2005–2024)
The table below shows the annual net assets of Metals X Limited from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $427.77 Million | +27.99% |
| 2023-12-31 | $334.23 Million | +4.56% |
| 2022-12-31 | $319.65 Million | +3.22% |
| 2021-12-31 | $309.68 Million | +123.36% |
| 2020-12-31 | $138.65 Million | +167.70% |
| 2019-12-31 | $51.79 Million | -49.02% |
| 2018-12-31 | $101.59 Million | -40.40% |
| 2017-12-31 | $170.45 Million | -14.24% |
| 2016-12-31 | $198.75 Million | -49.67% |
| 2015-12-31 | $394.91 Million | +14.05% |
| 2014-12-31 | $346.27 Million | +11.10% |
| 2013-12-31 | $311.66 Million | +13.84% |
| 2012-12-31 | $273.77 Million | +28.64% |
| 2011-12-31 | $212.82 Million | -19.37% |
| 2010-12-31 | $263.95 Million | +30.76% |
| 2009-12-31 | $201.87 Million | +14.41% |
| 2008-12-31 | $176.44 Million | -24.41% |
| 2007-12-31 | $233.43 Million | +38.85% |
| 2006-12-31 | $168.12 Million | +299.00% |
| 2005-12-31 | $42.13 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Metals X 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 grown by 13717246400.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $89.20 Million | 20.85% |
| Common Stock | $311.26 Million | 72.76% |
| Other Comprehensive Income | $27.32 Million | 6.39% |
| Total Equity | $427.77 Million | 100.00% |
Metals X Limited Competitors by Market Cap
The table below lists competitors of Metals X Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Legato Merger Corp. III
NYSE:LEGT-UN
|
$213.21 Million |
|
One Stop Systems Inc
NASDAQ:OSS
|
$213.28 Million |
|
Zhejiang Double Arrow Rubber Co Ltd
SHE:002381
|
$213.31 Million |
|
Luca Mining Corp.
OTCQX:LUCMF
|
$213.32 Million |
|
Aeon Credit Service Bhd
KLSE:5139
|
$213.19 Million |
|
Dimerco Data System
TWO:5403
|
$213.17 Million |
|
ESSO THAILAND NVDR (JAV2.SG)
STU:JAV2
|
$213.15 Million |
|
Xinjiang Winka Times Dept
SHG:603101
|
$213.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Metals X Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 334,233,000 to 427,774,000, a change of 93,541,000 (28.0%).
- Net income of 102,349,000 contributed positively to equity growth.
- Share repurchases of 8,308,000 reduced equity.
- Other comprehensive income decreased equity by 500,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $102.35 Million | +23.93% |
| Share Repurchases | $8.31 Million | -1.94% |
| Other Comprehensive Income | $-500.00K | -0.12% |
| Total Change | $- | 27.99% |
Book Value vs Market Value Analysis
This analysis compares Metals X 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: 0.76x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | $0.46 | $0.36 | x |
| 2006-12-31 | $1.01 | $0.36 | x |
| 2007-12-31 | $0.82 | $0.36 | x |
| 2008-12-31 | $0.55 | $0.36 | x |
| 2009-12-31 | $0.58 | $0.36 | x |
| 2010-12-31 | $0.72 | $0.36 | x |
| 2011-12-31 | $0.59 | $0.36 | x |
| 2012-12-31 | $0.65 | $0.36 | x |
| 2013-12-31 | $0.70 | $0.36 | x |
| 2014-12-31 | $0.81 | $0.36 | x |
| 2015-12-31 | $0.84 | $0.36 | x |
| 2016-12-31 | $0.31 | $0.36 | x |
| 2017-12-31 | $0.27 | $0.36 | x |
| 2018-12-31 | $0.14 | $0.36 | x |
| 2019-12-31 | $0.06 | $0.36 | x |
| 2020-12-31 | $0.15 | $0.36 | x |
| 2021-12-31 | $0.34 | $0.36 | x |
| 2022-12-31 | $0.35 | $0.36 | x |
| 2023-12-31 | $0.37 | $0.36 | x |
| 2024-12-31 | $0.47 | $0.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Metals X 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): 23.93%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 46.75%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.18x
- Recent ROE (23.93%) is above the historical average (-6.14%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | -53.71% | -173.36% | 0.17x | 1.79x | $-26.85 Million |
| 2006 | -1.63% | -10.59% | 0.13x | 1.17x | $-19.55 Million |
| 2007 | -3.42% | -22.23% | 0.14x | 1.12x | $-31.34 Million |
| 2008 | -32.49% | -95.10% | 0.29x | 1.18x | $-74.88 Million |
| 2009 | 5.87% | 12.37% | 0.44x | 1.08x | $-8.33 Million |
| 2010 | 23.66% | 90.48% | 0.25x | 1.04x | $36.05 Million |
| 2011 | -20.64% | -89.80% | 0.21x | 1.08x | $-65.21 Million |
| 2012 | 3.17% | 13.16% | 0.22x | 1.07x | $-18.70 Million |
| 2013 | 12.02% | 15.82% | 0.55x | 1.38x | $6.29 Million |
| 2014 | 11.83% | 13.11% | 0.64x | 1.41x | $6.32 Million |
| 2015 | -5.98% | -6.73% | 0.59x | 1.52x | $-63.12 Million |
| 2016 | 67.43% | 50.67% | 0.93x | 1.42x | $114.14 Million |
| 2017 | -15.43% | -12.53% | 0.80x | 1.53x | $-43.34 Million |
| 2018 | -115.13% | -57.14% | 1.10x | 1.84x | $-127.13 Million |
| 2019 | -155.12% | -56.01% | 0.96x | 2.90x | $-85.52 Million |
| 2020 | 62.89% | 92.93% | 0.51x | 1.32x | $73.33 Million |
| 2021 | 59.38% | 80.31% | 0.65x | 1.14x | $152.93 Million |
| 2022 | 6.24% | 14.95% | 0.38x | 1.11x | $-12.03 Million |
| 2023 | 4.36% | 9.48% | 0.37x | 1.24x | $-18.84 Million |
| 2024 | 23.93% | 46.75% | 0.43x | 1.18x | $59.57 Million |
Industry Comparison
This section compares Metals X 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 |
|---|---|---|---|---|
| Metals X Limited (MLXEF) | $315.93 Million | -53.71% | 0.16x | $213.21 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 |