88 Energy Ltd

AU:88E Australia Oil & Gas E&P
Market Cap
$23.65 Million
AU$38.19 Million AUD
Market Cap Rank
#24912 Global
#524 in Australia
Share Price
AU$0.03
Change (1 day)
-5.71%
52-Week Range
AU$0.00 - AU$0.04
All Time High
AU$0.07
Categories
Companies in Australia Oil & Gas E&P
About

88 Energy Limited engages in the exploration and production of oil and gas properties in the United States and Namibia. It operates through three segments: Oil and Gas exploration in Alaska, USA.; Oil & Gas production in Texas, USA.; and Oil & Gas exploration, Namibia. 88 Energy Limited was formerly known as Tangiers Petroleum Limited and changed its name to 88 Energy Limited in February 2015. Th… Read more

88 Energy Ltd (88E) - Net Assets

Latest net assets as of June 2025: AU$121.71 Million AUD

Based on the latest financial reports, 88 Energy Ltd (88E) has net assets worth AU$121.71 Million AUD as of June 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$122.30 Million) and total liabilities (AU$596.63K). 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 AU$121.71 Million
% of Total Assets 99.51%
Annual Growth Rate 15.67%
5-Year Change 152.31%
10-Year Change 591.72%
Growth Volatility 323.93

88 Energy Ltd - Net Assets Trend (2000–2024)

This chart illustrates how 88 Energy Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for 88 Energy Ltd (2000–2024)

The table below shows the annual net assets of 88 Energy Ltd from 2000 to 2024.

Year Net Assets Change
2024-12-31 AU$148.64 Million -4.53%
2023-12-31 AU$155.69 Million +18.23%
2022-12-31 AU$131.68 Million -5.84%
2021-12-31 AU$139.84 Million +137.37%
2020-12-31 AU$58.91 Million -8.80%
2019-12-31 AU$64.60 Million -31.36%
2018-12-31 AU$94.11 Million +69.48%
2017-12-31 AU$55.53 Million +15.67%
2016-12-31 AU$48.01 Million +123.43%
2015-12-31 AU$21.49 Million +1493.39%
2014-12-31 AU$1.35 Million -91.90%
2013-12-31 AU$16.65 Million +2.88%
2012-12-31 AU$16.19 Million +227.34%
2011-12-31 AU$4.94 Million +38.35%
2010-12-31 AU$3.57 Million +122.09%
2009-12-31 AU$1.61 Million -34.96%
2008-12-31 AU$2.47 Million -30.77%
2007-12-31 AU$3.57 Million +59.73%
2006-12-31 AU$2.24 Million +34.56%
2005-12-31 AU$1.66 Million +149.14%
2002-12-31 AU$-3.38 Million -176.75%
2001-12-31 AU$4.41 Million -2.37%
2000-12-31 AU$4.52 Million --

Equity Component Analysis

This analysis shows how different components contribute to 88 Energy Ltd'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 28702350100.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock AU$392.62 Million 264.15%
Other Comprehensive Income AU$43.04 Million 28.96%
Other Components AU$587.00 0.00%
Total Equity AU$148.64 Million 100.00%

88 Energy Ltd Competitors by Market Cap

The table below lists competitors of 88 Energy Ltd ranked by their market capitalization.

Company Market Cap
Sigong Tech Co. Ltd
KQ:020710
 		$22.73 Million
Data I/O Corporation
NASDAQ:DAIO
 		$22.73 Million
Sendero Resources Corp.
V:SEND
 		$22.73 Million
Tarsons Products Limited
NSE:TARSONS
 		$22.74 Million
VALBIOTIS S.A. EO -10
F:8JD
 		$22.73 Million
MIND CTI Ltd
NASDAQ:MNDO
 		$22.72 Million
Valiant Organics Limited
NSE:VALIANTORG
 		$22.70 Million
Chaman Lal Setia Exports Limited
NSE:CLSEL
 		$22.70 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in 88 Energy Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 155,685,399 to 148,637,240, a change of -7,048,159 (-4.5%).
  • Net loss of 32,819,025 reduced equity.
  • New share issuances of 9,695,924 increased equity.
  • Other comprehensive income increased equity by 13,066,503.
  • Other factors increased equity by 3,008,439.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income AU$-32.82 Million -22.08%
Share Issuances AU$9.70 Million +6.52%
Other Comprehensive Income AU$13.07 Million +8.79%
Other Changes AU$3.01 Million +2.02%
Total Change AU$- -4.53%

Book Value vs Market Value Analysis

This analysis compares 88 Energy Ltd'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: 0.25x
  • 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 0.00x to 0.25x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2005-12-31 AU$15.46 AU$0.03 x
2006-12-31 AU$12.48 AU$0.03 x
2007-12-31 AU$16.80 AU$0.03 x
2008-12-31 AU$2.25 AU$0.03 x
2009-12-31 AU$0.81 AU$0.03 x
2010-12-31 AU$1.37 AU$0.03 x
2011-12-31 AU$1.47 AU$0.03 x
2012-12-31 AU$3.75 AU$0.03 x
2013-12-31 AU$2.96 AU$0.03 x
2014-12-31 AU$3.22 AU$0.03 x
2015-12-31 AU$0.17 AU$0.03 x
2016-12-31 AU$0.02 AU$0.03 x
2017-12-31 AU$0.33 AU$0.03 x
2018-12-31 AU$0.39 AU$0.03 x
2019-12-31 AU$0.01 AU$0.03 x
2020-12-31 AU$0.01 AU$0.03 x
2021-12-31 AU$0.22 AU$0.03 x
2022-12-31 AU$0.20 AU$0.03 x
2023-12-31 AU$0.17 AU$0.03 x
2024-12-31 AU$0.13 AU$0.03 x

Capital Efficiency Dashboard

This dashboard shows how efficiently 88 Energy Ltd 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): -22.08%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -3994.77%
  • • Asset Turnover: 0.01x
  • • Equity Multiplier: 1.00x
  • Recent ROE (-22.08%) is above the historical average (-121.46%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2005 227.36% 9950.00% 0.02x 1.03x AU$3.61 Million
2006 -13.72% -379.01% 0.04x 1.01x AU$-530.77K
2007 -26.36% -677.70% 0.04x 1.02x AU$-1.30 Million
2008 -79.74% -1084.07% 0.07x 1.03x AU$-2.22 Million
2009 -53.75% -1218.31% 0.04x 1.05x AU$-1.03 Million
2010 -48.46% -1799.93% 0.03x 1.06x AU$-2.09 Million
2011 -51.84% -2727.44% 0.02x 1.23x AU$-3.06 Million
2012 -29.48% -10190.27% 0.00x 1.03x AU$-6.39 Million
2013 -41.39% -1362.23% 0.03x 1.05x AU$-8.56 Million
2014 -2054.99% -15759.45% 0.10x 1.29x AU$-27.85 Million
2015 -29.34% -43482.76% 0.00x 1.70x AU$-8.45 Million
2016 -19.58% -17329.03% 0.00x 1.60x AU$-14.20 Million
2017 -15.14% -131390.63% 0.00x 1.47x AU$-13.96 Million
2018 -6.37% -11843.74% 0.00x 1.32x AU$-15.41 Million
2019 -56.94% -63293.75% 0.00x 1.45x AU$-43.24 Million
2020 -41.81% -470019.83% 0.00x 1.45x AU$-30.52 Million
2021 -2.58% -253936.06% 0.00x 1.04x AU$-17.59 Million
2022 -53.71% -2828880.00% 0.00x 1.01x AU$-83.89 Million
2023 -9.27% -2882.44% 0.00x 1.01x AU$-30.01 Million
2024 -22.08% -3994.77% 0.01x 1.00x AU$-47.68 Million

Industry Comparison

This section compares 88 Energy Ltd'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: $34,698,678
  • Average return on equity (ROE) among peers: -842.22%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
88 Energy Ltd (88E) AU$121.71 Million 227.36% 0.00x $22.73 Million
Amplitude Energy Ltd (AEL) $49.07 Million 11.28% 0.11x $454.30 Million
Australis Oil & Gas Ltd (ATS) $78.08 Million -19.61% 0.33x $14.34 Million
Bass Oil Ltd (BAS) $6.81 Million 3.96% 0.67x $9.10 Million
Blue Energy Ltd (BLU) $69.67K -2360.96% 0.02x $5.44 Million
Buru Energy Ltd (BRU) $16.49 Million -78.92% 0.93x $8.81 Million
Beetaloo Energy Australia Limited (BTL) $1.97 Million -40.48% 0.19x $128.43 Million
Cooper Energy Ltd (COE) $125.10 Million 1.00% 0.09x $277.90 Million
Comet Ridge Ltd (COI) $43.52K -5096.27% 0.44x $86.62 Million
Conrad Asia Energy Ltd (CRD) $34.66 Million -0.02% 0.05x $31.33 Million