Loyal Metals (ASX:LLM) Scaled Net Operating Assets: 0.98 (As of Dec. 2025)


ASX:LLM Loyal Metals Ltd ASX:LLM
35 GF Score
Price A$0.43
GF Value A$0.63
Valuation Possible Value Trap
! 3 Warning Signs
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What is Loyal Metals Scaled Net Operating Assets?

Loyal Metals ASX:LLM -1.15% 35 Scaled Net Operating Assets is 0.98 as of Dec. 2025. GuruFocus rates ASX:LLM with a GF Score™ of 35/100 and a GF Value™ of A$0.63 (Possible Value Trap). The stock has 3 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Loyal Metals's operating assets for the quarter that ended in Dec. 2025 was A$20.96 Mil. Loyal Metals's operating liabilities for the quarter that ended in Dec. 2025 was A$2.56 Mil. Loyal Metals's Total Assets for the quarter that ended in Jun. 2025 was A$18.80 Mil. Therefore, Loyal Metals's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.98.


Loyal Metals Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Loyal Metals's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Loyal Metals Scaled Net Operating Assets Chart

Loyal Metals Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
0.25 1.06 1.56 0.53 0.92

Loyal Metals Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only 1.40 0.73 0.58 0.81 0.98

Loyal Metals Scaled Net Operating Assets Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Loyal Metals's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Loyal Metals Scaled Net Operating Assets vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Loyal Metals's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Loyal Metals's Scaled Net Operating Assets falls into.


ASX:LLM
35GF Score
Loyal Metals Ltd ASX:LLM
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Loyal Metals Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Loyal Metals's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(20.963-2.557)/19.912
=0.92

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=26.575 - 5.612
=20.963

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.557 - 0 - 0
=2.557

Loyal Metals's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(20.963-2.557)/18.803
=0.98

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=26.575 - 5.612
=20.963

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.557 - 0 - 0
=2.557

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.98 mean?
Loyal Metals (ASX:LLM) has a Scaled Net Operating Assets of 0.98 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Loyal Metals and its competitors.
Is Loyal Metals' Scaled Net Operating Assets too high?
Loyal Metals' current Scaled Net Operating Assets is 0.98. Overall, Loyal Metals has a GF Score™ of 35/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Loyal Metals' Scaled Net Operating Assets compare to competitors?
Loyal Metals' Scaled Net Operating Assets of 0.98 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Metals & Mining company?
A good Scaled Net Operating Assets depends on the Metals & Mining industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Loyal Metals and its competitors. Loyal Metals's current Scaled Net Operating Assets is 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Loyal Metals stock overvalued right now?
Based on GuruFocus' analysis, Loyal Metals (ASX:LLM) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.63, compared to a current price of A$0.43 — trading 31.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.98. Loyal Metals' overall GF Score™ is 35/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Loyal Metals (ASX:LLM), the current Scaled Net Operating Assets is 0.98 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Loyal Metals (ASX:LLM) Overvalued in 2026?

Based on GuruFocus' analysis, Loyal Metals stock appears to be undervalued. The current stock price of A$0.43 is trading 31.7% below its estimated GF Value™ of A$0.63. GuruFocus considers Loyal Metals to be Possible Value Trap.

Key valuation signals for ASX:LLM:

  • Scaled Net Operating Assets: 0.98
  • GF Value™: A$0.63 vs. price of A$0.43 (31.7% below fair value)
  • GF Score™: 35/100 with 3 warning signs

No single metric tells the full story. See the ASX:LLM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Loyal Metals Business Description

Address 5/10 Johnston Street, Peppermint Grove, Perth, WA, AUS, 6011
Loyal Metals Ltd is a well-structured resource exploration company with projects in Tier 1 North American and Australian mining jurisdictions. Through the systematic exploration of its projects, the Company aims to delineate JORC compliant resources, creating value for its shareholders. Company's portfolio includes projects like The hidden lake lithium project in the Northwest Territories, The Trieste Lithium Project, located in the James Bay region of Quebec and The Highway Reward Copper Gold Mine in Queensland. The company operates in three geographical segments namely, Australia, Canada and USA.
35GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$0.43
Price
A$0.63
GF Value