88 Energy Limited
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 Limited (POQ) - Net Assets
Latest net assets as of June 2025: €121.71 Million EUR
Based on the latest financial reports, 88 Energy Limited (POQ) has net assets worth €121.71 Million EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€122.30 Million) and total liabilities (€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 | €121.71 Million |
| % of Total Assets | 99.51% |
| Annual Growth Rate | 22.02% |
| 5-Year Change | 152.31% |
| 10-Year Change | 591.72% |
| Growth Volatility | 427.66 |
88 Energy Limited - Net Assets Trend (2013–2024)
This chart illustrates how 88 Energy Limited'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 Limited (2013–2024)
The table below shows the annual net assets of 88 Energy Limited from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €148.64 Million | -4.53% |
| 2023-12-31 | €155.69 Million | +18.23% |
| 2022-12-31 | €131.68 Million | -5.84% |
| 2021-12-31 | €139.84 Million | +137.37% |
| 2020-12-31 | €58.91 Million | -8.80% |
| 2019-12-31 | €64.60 Million | -31.36% |
| 2018-12-31 | €94.11 Million | +69.48% |
| 2017-12-31 | €55.53 Million | +15.67% |
| 2016-12-31 | €48.01 Million | +123.43% |
| 2015-12-31 | €21.49 Million | +1493.39% |
| 2014-12-31 | €1.35 Million | -91.90% |
| 2013-12-31 | €16.65 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to 88 Energy 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 23702604500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €435.66 Million | 293.10% |
| Total Equity | €148.64 Million | 100.00% |
88 Energy Limited Competitors by Market Cap
The table below lists competitors of 88 Energy Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
VWF Bancorp Inc.
OTCQB:VWFB
|
$15.56 Million |
|
Chernan Metal Industrial
TWO:3631
|
$15.56 Million |
|
Shimmick Corporation Common Stock
NASDAQ:SHIM
|
$15.56 Million |
|
REDCO PRP GROUP LTD -05
F:8KI
|
$15.57 Million |
|
SABUY TECHNOLOGY
BK:SABUY-R
|
$15.55 Million |
|
Unigold Inc
PINK:UGDIF
|
$15.55 Million |
|
Mobiquity Technologies Inc
OTCQB:MOBQ
|
$15.55 Million |
|
Gaming Nation Inc
V:FAN
|
$15.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in 88 Energy Limited'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 32,819,026 reduced equity.
- New share issuances of 9,695,924 increased equity.
- Other factors increased equity by 16,074,943.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-32.82 Million | -22.08% |
| Share Issuances | €9.70 Million | +6.52% |
| Other Changes | €16.07 Million | +10.81% |
| Total Change | €- | -4.53% |
Book Value vs Market Value Analysis
This analysis compares 88 Energy 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: 0.17x
- 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 9.27x to 0.17x 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 | €0.00 | €0.02 | x |
| 2018-12-31 | €0.01 | €0.02 | x |
| 2019-12-31 | €0.01 | €0.02 | x |
| 2020-12-31 | €0.00 | €0.02 | x |
| 2021-12-31 | €0.01 | €0.02 | x |
| 2022-12-31 | €0.01 | €0.02 | x |
| 2023-12-31 | €0.16 | €0.02 | x |
| 2024-12-31 | €0.13 | €0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently 88 Energy 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): -22.08%
- 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: 1.00x
- Recent ROE (-22.08%) is above the historical average (-195.66%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -41.38% | -1362.14% | 0.03x | 1.05x | €-8.56 Million |
| 2014 | -2055.00% | 0.00% | 0.00x | 1.29x | €-27.85 Million |
| 2015 | -29.34% | 0.00% | 0.00x | 1.70x | €-8.45 Million |
| 2016 | -19.58% | 0.00% | 0.00x | 1.60x | €-14.20 Million |
| 2017 | -15.14% | 0.00% | 0.00x | 1.47x | €-13.96 Million |
| 2018 | -6.37% | 0.00% | 0.00x | 1.32x | €-15.41 Million |
| 2019 | -56.94% | -102364.13% | 0.00x | 1.45x | €-43.24 Million |
| 2020 | -37.40% | 0.00% | 0.00x | 1.45x | €-27.92 Million |
| 2021 | -1.72% | 0.00% | 0.00x | 1.04x | €-16.39 Million |
| 2022 | -53.71% | 0.00% | 0.00x | 1.01x | €-83.89 Million |
| 2023 | -9.27% | 0.00% | 0.00x | 1.01x | €-30.01 Million |
| 2024 | -22.08% | 0.00% | 0.00x | 1.00x | €-47.68 Million |
Industry Comparison
This section compares 88 Energy 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: $473,402,553
- Average return on equity (ROE) among peers: -38.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| 88 Energy Limited (POQ) | €121.71 Million | -41.38% | 0.00x | $15.55 Million |
| East West Minerals Ltd. (37A0) | $4.19 Million | -48.71% | 0.37x | $768.36K |
| 6L00 (6L00) | $199.31 Million | 9.31% | 0.36x | $100.36 Million |
| Talos Energy Inc (7T2) | $1.08 Billion | 5.45% | 1.40x | $1.38 Billion |
| Texas Pacific Land Corporation (9WY) | $772.89 Million | 57.75% | 0.14x | $9.06 Billion |
| WINDSTREAM HLDGS (B4O) | $617.33K | -415.93% | 11.47x | $33.10K |
| Beach Energy Limited (BPS) | $1.87 Billion | 5.44% | 0.38x | $1.18 Billion |
| Deutsche Rohstoff AG (DR0) | $2.20 Million | -22.38% | 0.07x | $33.50 Million |
| PetroNor E&P ASA (FQ00) | $220.88 Million | 15.23% | 0.36x | $51.67 Million |
| Lycos Energy Inc. (G4P0) | $-241.69K | 0.00% | 0.00x | $21.21 Million |
| PT Energi Mega Persada Tbk (HFK) | $585.11 Million | 11.70% | 1.34x | $17.68 Million |