TOURMALINE OIL
TOURMALINE OIL operates in Diversified Metals & Mining.
TOURMALINE OIL (08T) - Net Assets
Latest net assets as of September 2024: €14.13 Billion EUR
Based on the latest financial reports, TOURMALINE OIL (08T) has net assets worth €14.13 Billion EUR as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€20.25 Billion) and total liabilities (€6.12 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 | €14.13 Billion |
| % of Total Assets | 69.78% |
| Annual Growth Rate | 10.96% |
| 5-Year Change | 75.93% |
| 10-Year Change | N/A |
| Growth Volatility | 7.93 |
TOURMALINE OIL - Net Assets Trend (2016–2023)
This chart illustrates how TOURMALINE OIL's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TOURMALINE OIL (2016–2023)
The table below shows the annual net assets of TOURMALINE OIL from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €14.02 Billion | +2.40% |
| 2022-12-31 | €13.69 Billion | +17.93% |
| 2021-12-31 | €11.61 Billion | +25.12% |
| 2020-12-31 | €9.28 Billion | +16.44% |
| 2019-12-31 | €7.97 Billion | +5.22% |
| 2018-12-31 | €7.57 Billion | +4.93% |
| 2017-12-31 | €7.22 Billion | +6.61% |
| 2016-12-31 | €6.77 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to TOURMALINE OIL'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 607.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €5.18 Billion | 36.98% |
| Other Components | €8.83 Billion | 63.02% |
| Total Equity | €14.02 Billion | 100.00% |
TOURMALINE OIL Competitors by Market Cap
The table below lists competitors of TOURMALINE OIL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FLUOR (NEW) - Dusseldorf Stock Exchang
DU:FLU
|
$381.27K |
|
CRYOLIFE
BE:CYL
|
$381.48K |
|
White River Bancshares Co
OTCQX:WRIV
|
$381.90K |
|
NISOURCE - Dusseldorf Stock Exchang
DU:NOU
|
$382.15K |
|
Germina Agribusiness SA
RO:SEOM
|
$380.77K |
|
ITWO
BATS:ITWO
|
$380.67K |
|
ALBERT LABS INTL. CORP.
F:VB50
|
$380.45K |
|
TOSHF
OTCGREY:TOSHF
|
$380.45K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TOURMALINE OIL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 13,686,853,000 to 14,015,751,000, a change of 328,898,000 (2.4%).
- Net income of 1,735,880,000 contributed positively to equity growth.
- Dividend payments of 2,226,867,000 reduced retained earnings.
- New share issuances of 57,374,000 increased equity.
- Other factors increased equity by 762,511,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.74 Billion | +12.39% |
| Dividends Paid | €2.23 Billion | -15.89% |
| Share Issuances | €57.37 Million | +0.41% |
| Other Changes | €762.51 Million | +5.44% |
| Total Change | €- | 2.40% |
Book Value vs Market Value Analysis
This analysis compares TOURMALINE OIL'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: 0.95x
- 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 decreased from 1.43x to 0.95x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €26.52 | €37.95 | x |
| 2018-12-31 | €27.73 | €37.95 | x |
| 2019-12-31 | €28.73 | €37.95 | x |
| 2020-12-31 | €29.70 | €37.95 | x |
| 2021-12-31 | €35.08 | €37.95 | x |
| 2022-12-31 | €40.41 | €37.95 | x |
| 2023-12-31 | €39.89 | €37.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TOURMALINE OIL 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): 12.39%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.81%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 1.43x
- Recent ROE (12.39%) is above the historical average (10.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -0.47% | -2.84% | 0.12x | 1.39x | €-706.04 Million |
| 2017 | 4.82% | 18.27% | 0.19x | 1.42x | €-372.02 Million |
| 2018 | 5.32% | 18.57% | 0.20x | 1.42x | €-352.91 Million |
| 2019 | 4.11% | 14.96% | 0.19x | 1.44x | €-458.76 Million |
| 2020 | 7.02% | 28.84% | 0.17x | 1.45x | €-262.60 Million |
| 2021 | 17.46% | 39.56% | 0.33x | 1.32x | €865.36 Million |
| 2022 | 32.78% | 51.71% | 0.46x | 1.38x | €3.12 Billion |
| 2023 | 12.39% | 27.81% | 0.31x | 1.43x | €334.30 Million |
Industry Comparison
This section compares TOURMALINE OIL's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $126,101,381,137
- Average return on equity (ROE) among peers: -10.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TOURMALINE OIL (08T) | €14.13 Billion | -0.47% | 0.43x | $381.02K |
| HORIBA (01H) | $204.49 Billion | 10.42% | 0.82x | $989.01K |
| Tokyu Corporation (01T) | $779.37 Billion | 3.34% | 2.35x | $99.73K |
| GUANGZHOU AUTO -H- (02G) | $122.28 Billion | 6.59% | 0.55x | $4.05K |
| MOSAIC (02M) | $10.60 Billion | 4.43% | 0.90x | $280.83K |
| MOSAIC (02M.SG) (02M) | $9.56 Billion | 10.46% | 0.82x | $247.21K |
| CHINA JO-JO DRGSTRS (04CN.SG) (04CN) | $16.67 Million | -126.83% | 4.46x | $1.55 Million |
| KRAKATAU STEEL -B- (07K) | $552.59 Million | 3.52% | 4.72x | $166.99 |
| CN MODERN DAIRY (07M) | $7.12 Billion | -10.42% | 1.50x | $1.68K |
| ASIA CASSAVA RESOUR (0ACS) | $913.15 Million | 2.86% | 1.55x | $325.03 |