AFRICA OIL
AFRICA OIL operates in Diversified Metals & Mining.
AFRICA OIL (AFZ) - Net Assets
Latest net assets as of September 2024: €548.70 Million EUR
Based on the latest financial reports, AFRICA OIL (AFZ) has net assets worth €548.70 Million EUR as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€616.10 Million) and total liabilities (€67.40 Million). 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 | €548.70 Million |
| % of Total Assets | 89.06% |
| Annual Growth Rate | -1.26% |
| 5-Year Change | 16.68% |
| 10-Year Change | N/A |
| Growth Volatility | 13.01 |
AFRICA OIL - Net Assets Trend (2016–2023)
This chart illustrates how AFRICA OIL's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for AFRICA OIL (2016–2023)
The table below shows the annual net assets of AFRICA OIL from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €894.60 Million | +7.71% |
| 2022-12-31 | €830.60 Million | -12.38% |
| 2021-12-31 | €948.00 Million | +25.68% |
| 2020-12-31 | €754.29 Million | -1.62% |
| 2019-12-31 | €766.70 Million | -16.85% |
| 2018-12-31 | €922.08 Million | -5.28% |
| 2017-12-31 | €973.45 Million | -0.41% |
| 2016-12-31 | €977.44 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to AFRICA OIL'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 6967500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €1.33 Billion | 148.32% |
| Total Equity | €894.60 Million | 100.00% |
AFRICA OIL Competitors by Market Cap
The table below lists competitors of AFRICA OIL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Edita Food Industries Company (S.A.E)
LSE:EFID
|
$11.94K |
|
Conwert Immobilien Invest Se
XETRA:COR
|
$11.96K |
|
Tritium Dcfc Ltd
NASDAQ:DCFC
|
$11.97K |
|
GOAU4F
SA:GOAU4F
|
$11.98K |
|
Danang Port JSC
VN:CDN
|
$11.92K |
|
ABCO Energy Inc
PINK:ABCE
|
$11.90K |
|
Red Tiger Mining Inc
PINK:RDTMF
|
$11.90K |
|
Mincon Group P
LSE:MCON
|
$11.89K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AFRICA OIL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 830,600,000 to 894,600,000, a change of 64,000,000 (7.7%).
- Net income of 87,100,000 contributed positively to equity growth.
- Dividend payments of 23,100,000 reduced retained earnings.
- Share repurchases of 6,000,000 reduced equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €87.10 Million | +9.74% |
| Dividends Paid | €23.10 Million | -2.58% |
| Share Repurchases | €6.00 Million | -0.67% |
| Other Changes | €6.00 Million | +0.67% |
| Total Change | €- | 7.71% |
Book Value vs Market Value Analysis
This analysis compares AFRICA OIL'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: 0.62x
- 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 |
|---|---|---|---|
| 2017-12-31 | €2.13 | €1.19 | x |
| 2018-12-31 | €1.96 | €1.19 | x |
| 2019-12-31 | €1.63 | €1.19 | x |
| 2020-12-31 | €1.60 | €1.19 | x |
| 2021-12-31 | €2.00 | €1.19 | x |
| 2022-12-31 | €1.79 | €1.19 | x |
| 2023-12-31 | €1.93 | €1.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AFRICA OIL 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): 9.74%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.08x
- Recent ROE (9.74%) is above the historical average (-1.21%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -1.82% | 0.00% | 0.00x | 1.03x | €-115.51 Million |
| 2017 | -0.47% | 0.00% | 0.00x | 1.03x | €-101.88 Million |
| 2018 | -7.24% | 0.00% | 0.00x | 1.03x | €-158.92 Million |
| 2019 | -20.45% | 0.00% | 0.00x | 1.06x | €-233.44 Million |
| 2020 | -2.34% | 0.00% | 0.00x | 1.21x | €-93.04 Million |
| 2021 | 20.12% | 0.00% | 0.00x | 1.05x | €95.90 Million |
| 2022 | -7.26% | 0.00% | 0.00x | 1.10x | €-143.36 Million |
| 2023 | 9.74% | 0.00% | 0.00x | 1.08x | €-2.36 Million |
Industry Comparison
This section compares AFRICA OIL's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $116,830,732,334
- Average return on equity (ROE) among peers: 0.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AFRICA OIL (AFZ) | €548.70 Million | -1.82% | 0.12x | $11.93K |
| HORIBA (01H) | $283.73 Billion | 14.20% | 0.58x | $929.98K |
| Tokyu Corporation (01T) | $752.54 Billion | -7.47% | 2.29x | $92.92K |
| GUANGZHOU AUTO -H- (02G) | $86.66 Billion | 6.88% | 0.65x | $4.02K |
| MOSAIC (02M) | $9.64 Billion | -1.11% | 0.93x | $279.46K |
| MOSAIC (02M.SG) (02M) | $9.76 Billion | 6.83% | 1.03x | $261.15K |
| CHINA JO-JO DRGSTRS (04CN.SG) (04CN) | $24.40 Million | -33.27% | 3.36x | $1.48 Million |
| KRAKATAU STEEL -B- (07K) | $1.80 Billion | -4.16% | 1.39x | $180.02 |
| CN MODERN DAIRY (07M) | $11.64 Billion | 4.83% | 1.48x | $1.68K |
| TOURMALINE OIL (08T) | $11.61 Billion | 17.46% | 0.32x | $358.66K |
| ASIA CASSAVA RESOUR (0ACS) | $913.15 Million | 2.86% | 1.55x | $346.76 |