Ithaca Energy PLC

LSE:ITH UK Oil & Gas E&P
Market Cap
$54.42 Million
GBX447.27 Billion GBX
Market Cap Rank
#37896 Global
#524 in UK
Share Price
GBX271.50
Change (1 day)
+3.04%
52-Week Range
GBX123.20 - GBX271.50
All Time High
GBX271.50
Categories
Companies in UK Oil & Gas E&P
About

Ithaca Energy plc, together with its subsidiaries, engages in the development and production of oil and gas in the North Sea. It owns a portfolio of assets located in Northern and Central North Sea, Moray Firth, and West of Shetland area of the UKCS. The company was formerly known as Delek North Sea Limited and changed its name to Ithaca Energy plc in October 2022. The company was incorporated in… Read more

Ithaca Energy PLC (ITH) - Net Assets

Latest net assets as of September 2025: GBX2.63 Billion GBX

Based on the latest financial reports, Ithaca Energy PLC (ITH) has net assets worth GBX2.63 Billion GBX as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX11.34 Billion) and total liabilities (GBX8.71 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 GBX2.63 Billion
% of Total Assets 23.23%
Annual Growth Rate 12.65%
5-Year Change 460.47%
10-Year Change 283.31%
Growth Volatility 74.11

Ithaca Energy PLC - Net Assets Trend (2012–2024)

This chart illustrates how Ithaca Energy PLC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Ithaca Energy PLC (2012–2024)

The table below shows the annual net assets of Ithaca Energy PLC from 2012 to 2024.

Year Net Assets Change
2024-12-31 GBX3.04 Billion +24.38%
2023-12-31 GBX2.44 Billion -0.53%
2022-12-31 GBX2.46 Billion +263.26%
2021-12-31 GBX676.51 Million +24.71%
2020-12-31 GBX542.47 Million -44.71%
2019-12-31 GBX981.14 Million +13.67%
2018-12-31 GBX863.16 Million +19.83%
2017-12-31 GBX720.29 Million -3.15%
2016-12-31 GBX743.73 Million -6.24%
2015-12-31 GBX793.19 Million -6.13%
2014-12-31 GBX845.01 Million -1.01%
2013-12-31 GBX853.65 Million +17.28%
2012-12-31 GBX727.87 Million --

Equity Component Analysis

This analysis shows how different components contribute to Ithaca Energy PLC'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 999.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings GBX1.69 Billion 55.67%
Common Stock GBX20.03 Million 0.66%
Other Comprehensive Income GBX175.82 Million 5.78%
Other Components GBX1.15 Billion 37.89%
Total Equity GBX3.04 Billion 100.00%

Ithaca Energy PLC Competitors by Market Cap

The table below lists competitors of Ithaca Energy PLC ranked by their market capitalization.

Company Market Cap
EXELON (PEO.SG)
STU:PEO
 		$405.05K
Adya Inc
V:ADYA
 		$405.15K
FILL UP MEDIA EO -25
F:X3D
 		$405.50K
China Xuefeng Environmental Engineering Inc
PINK:ELEK
 		$405.78K
Kemiao Garment Holding Group
PINK:KMGH
 		$404.55K
NEWGOLD
XBOT:NEWG-ETF
 		$403.86K
Remington Resources Inc
V:RGM-H
 		$403.79K
FASTENAL
MU:FAS
 		$403.55K

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Ithaca Energy PLC's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 2,444,426,000 to 3,040,377,000, a change of 595,951,000 (24.4%).
  • Net income of 153,153,000 contributed positively to equity growth.
  • Dividend payments of 432,692,000 reduced retained earnings.
  • New share issuances of 86,781,000 increased equity.
  • Other comprehensive income decreased equity by 65,508,001.
  • Other factors increased equity by 854,217,001.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income GBX153.15 Million +5.04%
Dividends Paid GBX432.69 Million -14.23%
Share Issuances GBX86.78 Million +2.85%
Other Comprehensive Income GBX-65.51 Million -2.15%
Other Changes GBX854.22 Million +28.1%
Total Change GBX- 24.38%

Book Value vs Market Value Analysis

This analysis compares Ithaca Energy PLC'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: 104.91x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 118.43x to 104.91x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2012-12-31 GBX2.29 GBX271.50 x
2013-12-31 GBX2.77 GBX271.50 x
2014-12-31 GBX2.56 GBX271.50 x
2015-12-31 GBX2.29 GBX271.50 x
2016-12-31 GBX1.80 GBX271.50 x
2017-12-31 GBX1.70 GBX271.50 x
2019-12-31 GBX0.98 GBX271.50 x
2020-12-31 GBX0.54 GBX271.50 x
2021-12-31 GBX0.67 GBX271.50 x
2022-12-31 GBX2.43 GBX271.50 x
2023-12-31 GBX2.40 GBX271.50 x
2024-12-31 GBX2.59 GBX271.50 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Ithaca Energy PLC 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): 5.04%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 7.73%
  • • Asset Turnover: 0.24x
  • • Equity Multiplier: 2.72x
  • Recent ROE (5.04%) is below the historical average (5.84%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2012 15.42% 54.79% 0.18x 1.54x GBX32.83 Million
2013 16.95% 34.95% 0.21x 2.32x GBX59.32 Million
2014 -2.90% -6.48% 0.16x 2.79x GBX-109.04 Million
2015 -15.26% -58.46% 0.10x 2.60x GBX-200.32 Million
2016 -7.23% -37.44% 0.07x 2.60x GBX-128.17 Million
2017 -3.64% -10.83% 0.12x 2.80x GBX-98.28 Million
2018 13.70% 36.31% 0.15x 2.50x GBX31.90 Million
2019 -2.58% -4.71% 0.11x 5.09x GBX-123.46 Million
2020 -86.11% -42.17% 0.26x 7.86x GBX-521.34 Million
2021 91.74% 43.45% 0.30x 6.99x GBX552.97 Million
2022 41.98% 39.70% 0.38x 2.75x GBX785.78 Million
2023 8.82% 9.30% 0.37x 2.56x GBX-28.81 Million
2024 5.04% 7.73% 0.24x 2.72x GBX-150.88 Million

Industry Comparison

This section compares Ithaca Energy PLC'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: $60,597,583
  • Average return on equity (ROE) among peers: 3.48%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Ithaca Energy PLC (ITH) GBX2.63 Billion 15.42% 3.31x $404.89K
Afentra PLC (AET) $278.27 Million -0.81% 1.23x $17.50K
Angus Energy PLC (ANGS) $152.00K 100.00% 8.59x $1.29K
Ascent Resources plc (AST) $-378.00K 0.00% 0.00x $320.65
Beacon Energy PLC (BCE) $-300.00K 0.00% 0.00x $87.84
Block Energy PLC (BLOE) $29.69 Million -18.56% 0.15x $1.33K
Buccaneer Energy plc. (BUCE) $-599.00K 0.00% 0.00x $241.65
Cadogan Petroleum plc (CAD) $297.93 Million -11.82% 0.03x $1.37K
Challenger Energy Group PLC (CEG) $5.74 Million -27.08% 0.05x $3.31K
Clontarf Energy Plc (CLON) $2.87 Million -6.95% 0.33x $229.28
Coro Energy PLC (CORO) $-7.40 Million 0.00% 0.00x $470.51