Prominence Energy Limited (RSX) - Net Assets
Based on the latest financial reports, Prominence Energy Limited (RSX) has net assets worth €1.83 Million EUR (≈ $2.14 Million USD) as of June 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€2.35 Million ≈ $2.75 Million USD) and total liabilities (€517.52K ≈ $605.04K 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 RSX tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.83 Million |
| % of Total Assets | 77.97% |
| Annual Growth Rate | -28.02% |
| 5-Year Change | N/A |
| 10-Year Change | -82.52% |
| Growth Volatility | 110.95 |
Prominence Energy Limited - Net Assets Trend (2014–2024)
This chart illustrates how Prominence Energy Limited's net assets have evolved over time, based on quarterly financial data. See Prominence Energy Limited (RSX) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Prominence Energy Limited (2014–2024)
The table below shows the annual net assets of Prominence Energy Limited from 2014 to 2024. For live valuation and market cap data, see Prominence Energy Limited market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | €1.83 Million ≈ $2.14 Million |
-75.64% |
| 2023-06-30 | €7.52 Million ≈ $8.79 Million |
-11.45% |
| 2022-06-30 | €8.49 Million ≈ $9.92 Million |
+195.24% |
| 2021-06-30 | €2.88 Million ≈ $3.36 Million |
+230.42% |
| 2020-06-30 | €-2.20 Million ≈ $-2.58 Million |
-10.01% |
| 2019-06-30 | €-2.00 Million ≈ $-2.34 Million |
-39.43% |
| 2018-06-30 | €-1.44 Million ≈ $-1.68 Million |
+16.72% |
| 2017-06-30 | €-1.73 Million ≈ $-2.02 Million |
-25.72% |
| 2016-06-30 | €-1.37 Million ≈ $-1.60 Million |
-113.11% |
| 2015-06-30 | €10.47 Million ≈ $12.25 Million |
-78.66% |
| 2014-06-30 | €49.08 Million ≈ $57.38 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Prominence 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 8152068500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €159.58 Million | 8714.82% |
| Total Equity | €1.83 Million | 100.00% |
Prominence Energy Limited Competitors by Market Cap
The table below lists competitors of Prominence Energy Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aranjin Resources Ltd
V:ARJN
|
$993.53K |
|
Wingara AG Ltd
AU:WNR
|
$993.66K |
|
Biora Therapeutics Inc
NASDAQ:BIOR
|
$994.99K |
|
WELLFIELD TECHNOLOG. INC.
F:K8D
|
$995.67K |
|
Duros S.A.
AT:DUR
|
$990.33K |
|
River and Mercantile UK Micro Cap Investment Company Ltd
LSE:RMMC
|
$989.33K |
|
4BASEBIO UK SOCIETAS
LSE:4BB
|
$989.13K |
|
TH1NG AB
ST:TH1NG
|
$988.27K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Prominence Energy Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,516,808 to 1,831,179, a change of -5,685,629 (-75.6%).
- Net loss of 7,836,555 reduced equity.
- Share repurchases of 139,150 reduced equity.
- New share issuances of 2,200,000 increased equity.
- Other factors increased equity by 90,076.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-7.84 Million | -427.95% |
| Share Repurchases | €139.15K | -7.6% |
| Share Issuances | €2.20 Million | +120.14% |
| Other Changes | €90.08K | +4.92% |
| Total Change | €- | -75.64% |
Book Value vs Market Value Analysis
This analysis compares Prominence 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: 0.09x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | €-0.03 | €0.00 | x |
| 2018-06-30 | €-0.01 | €0.00 | x |
| 2019-06-30 | €-0.02 | €0.00 | x |
| 2020-06-30 | €-0.01 | €0.00 | x |
| 2021-06-30 | €0.00 | €0.00 | x |
| 2022-06-30 | €0.00 | €0.00 | x |
| 2023-06-30 | €0.06 | €0.00 | x |
| 2024-06-30 | €0.01 | €0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Prominence 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): -427.95%
- 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: 1.28x
- Recent ROE (-427.95%) is below the historical average (-102.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -56.74% | -3867.21% | 0.01x | 1.11x | €-32.76 Million |
| 2015 | -544.02% | -66015.76% | 0.01x | 1.49x | €-58.03 Million |
| 2016 | 0.00% | -12464.07% | 0.08x | 0.00x | €-13.82 Million |
| 2017 | 0.00% | -3788.30% | 0.23x | 0.00x | €-3.29 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | €-669.15K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | €-866.18K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | €-815.92K |
| 2021 | 41.93% | 0.00% | 0.00x | 1.44x | €918.11K |
| 2022 | -126.23% | 0.00% | 0.00x | 1.10x | €-11.56 Million |
| 2023 | -13.03% | 0.00% | 0.00x | 1.08x | €-1.73 Million |
| 2024 | -427.95% | 0.00% | 0.00x | 1.28x | €-8.02 Million |
Industry Comparison
This section compares Prominence 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: $1,543,418,488
- Average return on equity (ROE) among peers: 45.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Prominence Energy Limited (RSX) | €1.83 Million | -56.74% | 0.28x | $991.80K |
| Panoro Energy ASA (1PZ) | $108.17 Million | -36.86% | 0.06x | $412.26 Million |
| UNITED OIL+GAS PLC LS-01 (1UO) | $26.96 Million | 8.71% | 0.26x | $2.20 Million |
| Indus Gas Ltd (59Q) | $249.42 Million | 19.67% | 3.32x | $3.64 Million |
| DELEK GP SP.ADR/1/01/O.N (6D40) | $14.94 Billion | 10.67% | 1.94x | $4.87 Billion |
| AVILA ENERGY CORP. (6HQ0) | $-5.88 Million | 0.00% | 0.00x | $177.76K |
| CENTAURUS ENERGY INC. (72M0) | $5.00 Million | 804.08% | 4.30x | $867.56K |
| NEW STRATUS ENERGY (80N) | $1.20 Million | -91.24% | 0.72x | $58.52 Million |
| Brookside Energy Limited (8F3) | $4.68 Million | -23.40% | 0.62x | $26.36 Million |
| JADESTONE ENERGY LS -001 (8KW) | $109.53 Million | 8.43% | 6.42x | $176.47 Million |
| WILDCAT PRETR.LS -000028 (8Y6) | $107.97K | -242.65% | 0.42x | $1.50 Million |
About Prominence Energy Limited
Prominence Energy Ltd, together with its subsidiaries, explores for, develops, and produces oil and gas projects in Australia and the United States. It holds a 100% working interest in the Big Apple Gas Prospect located on the Outer Continental Shelf of the Gulf of Mexico in the United States; and a 12.5% interest in exploration permit WA-519-P located on the Northwest Shelf, Australia. Prominenc… Read more