Thungela Resources Limited
Thungela Resources Limited engages in the mining and production of thermal coal in South Africa and Australia. It owns interests in and produces its thermal coal from mining operations, consisting of underground and open cast mines in the Mpumalanga province of South Africa, including Goedehoop colliery, Greenside colliery, Isibonelo colliery, Khwezela colliery, Zibulo colliery, and Mafube collie… Read more
Thungela Resources Limited (TNGRF) - Net Assets
Latest net assets as of June 2025: $24.35 Billion USD
Based on the latest financial reports, Thungela Resources Limited (TNGRF) has net assets worth $24.35 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($47.09 Billion) and total liabilities ($22.74 Billion). 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 | $24.35 Billion |
| % of Total Assets | 51.71% |
| Annual Growth Rate | 13.47% |
| 5-Year Change | 213.56% |
| 10-Year Change | N/A |
| Growth Volatility | 47.03 |
Thungela Resources Limited - Net Assets Trend (2017–2024)
This chart illustrates how Thungela 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 Thungela Resources Limited (2017–2024)
The table below shows the annual net assets of Thungela Resources Limited from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $26.10 Billion | +6.13% |
| 2023-12-31 | $24.60 Billion | -5.97% |
| 2022-12-31 | $26.16 Billion | +41.60% |
| 2021-12-31 | $18.47 Billion | +121.91% |
| 2020-12-31 | $8.32 Billion | +24.76% |
| 2019-12-31 | $6.67 Billion | -37.76% |
| 2018-12-31 | $10.72 Billion | -0.50% |
| 2017-12-31 | $10.78 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thungela 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 grown by 1144900000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $11.45 Billion | 44.79% |
| Common Stock | $11.32 Billion | 44.30% |
| Other Comprehensive Income | $2.80 Billion | 10.97% |
| Total Equity | $25.56 Billion | 100.00% |
Thungela Resources Limited Competitors by Market Cap
The table below lists competitors of Thungela Resources Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CJ Korea Express
KO:000120
|
$611.91 Million |
|
AMERISAFE Inc
NASDAQ:AMSF
|
$612.03 Million |
|
Sichuan Anning Iron and Titanium Co
SHE:002978
|
$612.25 Million |
|
Equity Bancshares, Inc.
NYSE:EQBK
|
$612.26 Million |
|
GCM Grosvenor Inc
NASDAQ:GCMG
|
$611.56 Million |
|
Sellas Life Sciences Group Inc
NASDAQ:SLS
|
$611.31 Million |
|
WealthNavi Inc
PINK:WNAVF
|
$611.03 Million |
|
Zhongtong Bus Holding Co Ltd
SHE:000957
|
$610.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thungela Resources Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 24,609,000,000 to 25,560,000,000, a change of 951,000,000 (3.9%).
- Net income of 3,592,000,000 contributed positively to equity growth.
- Dividend payments of 1,630,000,000 reduced retained earnings.
- Share repurchases of 724,000,000 reduced equity.
- Other comprehensive income decreased equity by 325,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $3.59 Billion | +14.05% |
| Dividends Paid | $1.63 Billion | -6.38% |
| Share Repurchases | $724.00 Million | -2.83% |
| Other Comprehensive Income | $-325.00 Million | -1.27% |
| Other Changes | $38.00 Million | +0.15% |
| Total Change | $- | 3.86% |
Book Value vs Market Value Analysis
This analysis compares Thungela 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: 0.03x
- 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 |
|---|---|---|---|
| 2017-12-31 | $71.23 | $4.79 | x |
| 2018-12-31 | $65.42 | $4.79 | x |
| 2019-12-31 | $35.26 | $4.79 | x |
| 2020-12-31 | $20.26 | $4.79 | x |
| 2021-12-31 | $124.05 | $4.79 | x |
| 2022-12-31 | $193.12 | $4.79 | x |
| 2023-12-31 | $176.02 | $4.79 | x |
| 2024-12-31 | $184.52 | $4.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thungela 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): 14.05%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.10%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 1.88x
- Recent ROE (14.05%) is above the historical average (2.45%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 50.02% | 18.17% | 1.11x | 2.49x | $3.57 Billion |
| 2019 | -159.39% | -41.21% | 1.01x | 3.83x | $-8.14 Billion |
| 2020 | -11.95% | -8.80% | 0.17x | 7.93x | $-606.10 Million |
| 2021 | 38.79% | 24.46% | 0.84x | 1.89x | $4.77 Billion |
| 2022 | 64.66% | 33.47% | 1.25x | 1.54x | $14.36 Billion |
| 2023 | 20.98% | 16.85% | 0.66x | 1.89x | $2.70 Billion |
| 2024 | 14.05% | 10.10% | 0.74x | 1.88x | $1.04 Billion |
Industry Comparison
This section compares Thungela Resources Limited's net assets metrics with peer companies in the Thermal Coal industry.
Industry Context
- Industry: Thermal Coal
- Average net assets among peers: $8,744,092,304
- Average return on equity (ROE) among peers: -23.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thungela Resources Limited (TNGRF) | $24.35 Billion | 50.02% | 0.93x | $611.86 Million |
| AIM Energy Inc (AEXE) | $-1.47 Million | 0.00% | 0.00x | $110.24K |
| Morien Resources Corp (APMCF) | $2.27 Million | -24.69% | 0.20x | $8.67 Million |
| Alliance Resource Partners LP (ARLP) | $-46.55 Million | 0.00% | 0.00x | $2.47 Billion |
| Peabody Energy Corp (BTU) | $2.73 Billion | -28.86% | 3.84x | $3.53 Billion |
| Consol Energy Inc (CEIX) | $551.61 Million | 27.73% | 4.00x | $2.71 Billion |
| Colombia Energy Resources Inc (CERX) | $-129.93K | 0.00% | 0.00x | $0.92 |
| Core Natural Resources, Inc. (CNR) | $553.52 Million | -1.76% | 3.56x | $4.91 Billion |
| China Shenhua Energy Co Ltd (CSUAY) | $84.21 Billion | 19.52% | 0.94x | $97.80 Billion |
| Southstone Minerals Limited (FDGMF) | $995.43K | -225.71% | 4.43x | $65.85K |
| Feishang Anthracite Resources Limited (FSHRF) | $-551.82 Million | 0.00% | 0.00x | $1.85 Million |