Lekoil Limited (L5K) - Net Assets
Based on the latest financial reports, Lekoil Limited (L5K) has net assets worth €20.25 Million EUR (≈ $23.68 Million USD) as of December 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€28.61 Million ≈ $33.45 Million USD) and total liabilities (€8.36 Million ≈ $9.77 Million USD). 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. Check L5K financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €20.25 Million |
| % of Total Assets | 70.79% |
| Annual Growth Rate | -16.49% |
| 5-Year Change | -63.44% |
| 10-Year Change | -89.91% |
| Growth Volatility | 54.48 |
Lekoil Limited - Net Assets Trend (2013–2024)
This chart illustrates how Lekoil Limited's net assets have evolved over time, based on quarterly financial data. Also explore L5K asset base for the complete picture of this company's asset base.
Annual Net Assets for Lekoil Limited (2013–2024)
The table below shows the annual net assets of Lekoil Limited from 2013 to 2024. For live valuation and market cap data, see L5K market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €20.25 Million ≈ $23.68 Million |
+2.92% |
| 2023-12-31 | €19.68 Million ≈ $23.01 Million |
+0.82% |
| 2022-12-31 | €19.52 Million ≈ $22.82 Million |
-85.40% |
| 2021-12-31 | €133.70 Million ≈ $156.31 Million |
+141.38% |
| 2020-12-31 | €55.39 Million ≈ $64.76 Million |
-68.23% |
| 2019-12-31 | €174.34 Million ≈ $203.83 Million |
-5.92% |
| 2018-12-31 | €185.31 Million ≈ $216.64 Million |
-9.95% |
| 2017-12-31 | €205.78 Million ≈ $240.58 Million |
+3.88% |
| 2016-12-31 | €198.10 Million ≈ $231.60 Million |
-1.33% |
| 2015-12-31 | €200.76 Million ≈ $234.71 Million |
+15.54% |
| 2014-12-31 | €173.77 Million ≈ $203.15 Million |
+18.14% |
| 2013-12-31 | €147.09 Million ≈ $171.96 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Lekoil 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 decreased by 22717415600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €264.42 Million | 1305.57% |
| Total Equity | €20.25 Million | 100.00% |
Lekoil Limited Competitors by Market Cap
The table below lists competitors of Lekoil Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Silynxcom Ltd.
NYSE MKT:SYNX
|
$6.63 Million |
|
Teamo Productions HQ Limited
NSE:TPHQ
|
$6.64 Million |
|
Dundas Minerals Ltd
AU:DUN
|
$6.64 Million |
|
Pacific Empire Minerals Corp
F:1YK
|
$6.64 Million |
|
Grand Gulf Energy Ltd
AU:GGE
|
$6.62 Million |
|
Mec Resources Ltd
AU:MMR
|
$6.62 Million |
|
Griffin Mining
LSE:GFM
|
$6.62 Million |
|
Hays plc
LSE:HAS
|
$6.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lekoil Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 19,679,000 to 20,253,000, a change of 574,000 (2.9%).
- Net income of 911,000 contributed positively to equity growth.
- Share repurchases of 337,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €911.00K | +4.5% |
| Share Repurchases | €337.00K | -1.66% |
| Total Change | €- | 2.92% |
Book Value vs Market Value Analysis
This analysis compares Lekoil 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: 0.28x
- 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 0.03x to 0.28x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €0.39 | €0.01 | x |
| 2018-12-31 | €0.35 | €0.01 | x |
| 2019-12-31 | €0.33 | €0.01 | x |
| 2020-12-31 | €0.13 | €0.01 | x |
| 2021-12-31 | €0.25 | €0.01 | x |
| 2022-12-31 | €0.03 | €0.01 | x |
| 2023-12-31 | €0.04 | €0.01 | x |
| 2024-12-31 | €0.04 | €0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lekoil 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): 4.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.41x
- Recent ROE (4.50%) is above the historical average (-41.82%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -7.05% | 0.00% | 0.00x | 1.09x | €-26.63 Million |
| 2014 | -1.00% | 0.00% | 0.00x | 0.92x | €-21.22 Million |
| 2015 | -8.47% | 0.00% | 0.00x | 1.08x | €-37.93 Million |
| 2016 | -7.32% | 0.00% | 0.00x | 1.31x | €-35.25 Million |
| 2017 | 2.45% | 16.69% | 0.11x | 1.32x | €-15.84 Million |
| 2018 | -4.19% | -16.28% | 0.22x | 1.20x | €-26.85 Million |
| 2019 | -6.48% | -27.55% | 0.19x | 1.22x | €-29.45 Million |
| 2020 | -152.08% | -328.18% | 0.31x | 1.51x | €-115.15 Million |
| 2021 | -244.14% | 0.00% | 0.00x | 1.01x | €-339.79 Million |
| 2022 | -78.89% | 0.00% | 0.00x | 1.61x | €-17.35 Million |
| 2023 | 0.82% | 0.00% | 0.00x | 1.48x | €-1.81 Million |
| 2024 | 4.50% | 0.00% | 0.00x | 1.41x | €-1.11 Million |
Industry Comparison
This section compares Lekoil Limited'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: $1,344,266,223
- Average return on equity (ROE) among peers: -66.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lekoil Limited (L5K) | €20.25 Million | -7.05% | 0.41x | $6.63 Million |
| Panoro Energy ASA (1PZ) | $54.33 Million | -115.29% | 0.08x | $383.19 Million |
| UNITED OIL+GAS PLC LS-01 (1UO) | $26.96 Million | 8.71% | 0.26x | $2.57 Million |
| Indus Gas Ltd (59Q) | $162.88 Million | 20.65% | 3.91x | $3.64 Million |
| DELEK GP SP.ADR/1/01/O.N (6D40) | $12.88 Billion | 30.88% | 2.34x | $4.87 Billion |
| AVILA ENERGY CORP. (6HQ0) | $6.81 Million | -392.55% | 2.99x | $177.76K |
| Brookside Energy Limited (8F3) | $71.69 Million | 21.06% | 0.31x | $31.81 Million |
| JADESTONE ENERGY LS -001 (8KW) | $109.53 Million | 8.43% | 6.42x | $156.53 Million |
| WILDCAT PRETR.LS -000028 (8Y6) | $145.10K | -213.89% | 0.41x | $1.50 Million |
| Chariot Oil & Gas Limited (C62) | $89.96 Million | -16.83% | 0.08x | $30.16 Million |
| Aminex PLC (DOP) | $41.36 Million | -14.85% | 0.28x | $125.38 Million |
About Lekoil Limited
Fenikso Limited does not have significant operations. Previously, it was involved in the operation of oil and gas assets. The company was formerly known as Lekoil Limited. Fenikso Limited was incorporated in 2010 and is based in George Town, the Cayman Islands.