MEG ENERGY
MEG ENERGY operates in Diversified Metals & Mining.
MEG ENERGY (ME7) - Net Assets
Latest net assets as of September 2024: €4.61 Billion EUR
Based on the latest financial reports, MEG ENERGY (ME7) has net assets worth €4.61 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 (€6.69 Billion) and total liabilities (€2.08 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 | €4.61 Billion |
| % of Total Assets | 68.97% |
| Annual Growth Rate | 4.68% |
| 5-Year Change | 17.49% |
| 10-Year Change | N/A |
| Growth Volatility | 9.57 |
MEG ENERGY - Net Assets Trend (2016–2023)
This chart illustrates how MEG ENERGY's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for MEG ENERGY (2016–2023)
The table below shows the annual net assets of MEG ENERGY from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €4.53 Billion | +3.29% |
| 2022-12-31 | €4.38 Billion | +15.10% |
| 2021-12-31 | €3.81 Billion | +8.61% |
| 2020-12-31 | €3.51 Billion | -9.01% |
| 2019-12-31 | €3.85 Billion | -0.84% |
| 2018-12-31 | €3.89 Billion | -1.98% |
| 2017-12-31 | €3.96 Billion | +20.61% |
| 2016-12-31 | €3.29 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to MEG ENERGY'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 126406700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €5.06 Billion | 111.73% |
| Total Equity | €4.53 Billion | 100.00% |
MEG ENERGY Competitors by Market Cap
The table below lists competitors of MEG ENERGY ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jyske Invest Aktier AnsvUdv KL
CO:JYIAAU
|
$192.89K |
|
Urbanimmersive Inc
PINK:UBMRF
|
$192.92K |
|
BLACKSTONE SECD LEND.FD
F:GM8
|
$193.06K |
|
JUSTSYSTEMS
MU:JSY
|
$193.24K |
|
COEUR MINING
MU:CDM1
|
$192.86K |
|
ORO
BATS:ORO
|
$192.75K |
|
Southern Co
NYSE:SOJD
|
$192.62K |
|
XM REALITY AB
F:5LL
|
$192.61K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MEG ENERGY's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 4,383,000,000 to 4,527,000,000, a change of 144,000,000 (3.3%).
- Net income of 569,000,000 contributed positively to equity growth.
- Share repurchases of 446,000,000 reduced equity.
- New share issuances of 1,000,000 increased equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €569.00 Million | +12.57% |
| Share Repurchases | €446.00 Million | -9.85% |
| Share Issuances | €1.00 Million | +0.02% |
| Other Changes | €20.00 Million | +0.44% |
| Total Change | €- | 3.29% |
Book Value vs Market Value Analysis
This analysis compares MEG ENERGY'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: 1.15x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.41x to 1.15x 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 | €13.48 | €19.00 | x |
| 2018-12-31 | €13.09 | €19.00 | x |
| 2019-12-31 | €12.86 | €19.00 | x |
| 2020-12-31 | €11.58 | €19.00 | x |
| 2021-12-31 | €12.41 | €19.00 | x |
| 2022-12-31 | €15.06 | €19.00 | x |
| 2023-12-31 | €16.48 | €19.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MEG ENERGY 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): 12.57%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.31%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 1.52x
- Recent ROE (12.57%) is above the historical average (2.11%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -13.04% | -22.87% | 0.21x | 2.71x | €-757.40 Million |
| 2017 | 4.19% | 6.75% | 0.26x | 2.36x | €-230.44 Million |
| 2018 | -3.07% | -4.30% | 0.33x | 2.16x | €-507.75 Million |
| 2019 | -1.61% | -1.56% | 0.51x | 2.04x | €-447.30 Million |
| 2020 | -10.18% | -15.51% | 0.32x | 2.06x | €-707.60 Million |
| 2021 | 7.43% | 6.44% | 0.58x | 1.99x | €-97.80 Million |
| 2022 | 20.58% | 14.22% | 0.90x | 1.60x | €463.70 Million |
| 2023 | 12.57% | 9.31% | 0.89x | 1.52x | €116.30 Million |
Industry Comparison
This section compares MEG ENERGY's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $114,212,818,724
- Average return on equity (ROE) among peers: -9.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MEG ENERGY (ME7) | €4.61 Billion | -13.04% | 0.45x | $192.88K |
| 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 |
| TOURMALINE OIL (08T) | $7.22 Billion | 4.81% | 0.41x | $381.02K |
| ASIA CASSAVA RESOUR (0ACS) | $913.15 Million | 2.86% | 1.55x | $325.03 |