Hallador Energy Company
Hallador Energy Company, through its subsidiaries, engages in the production of steam coal for the electric power generation industry in Indiana. The company owns the Oaktown Fuels Mine 1 and Oaktown Fuels Mine 2 which is located near Oaktown in Knox County, Indiana; the Freelandville surface mine located near Freelandville in Knox County, Indiana; and the Prosperity surface mine in the Illinois … Read more
Hallador Energy Company (HNRG) - Net Assets
Latest net assets as of September 2025: $146.19 Million USD
Based on the latest financial reports, Hallador Energy Company (HNRG) has net assets worth $146.19 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($409.46 Million) and total liabilities ($263.27 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 | $146.19 Million |
| % of Total Assets | 35.7% |
| Annual Growth Rate | 11.36% |
| 5-Year Change | -44.9% |
| 10-Year Change | -49.58% |
| Growth Volatility | 55.73 |
Hallador Energy Company - Net Assets Trend (1995–2024)
This chart illustrates how Hallador Energy Company's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hallador Energy Company (1995–2024)
The table below shows the annual net assets of Hallador Energy Company from 1995 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $104.28 Million | -61.17% |
| 2023-12-31 | $268.59 Million | +24.91% |
| 2022-12-31 | $215.02 Million | +15.46% |
| 2021-12-31 | $186.24 Million | -1.60% |
| 2020-12-31 | $189.26 Million | -3.21% |
| 2019-12-31 | $195.53 Million | -24.47% |
| 2018-12-31 | $258.87 Million | +3.83% |
| 2017-12-31 | $249.32 Million | +14.95% |
| 2016-12-31 | $216.89 Million | +4.87% |
| 2015-12-31 | $206.82 Million | +8.92% |
| 2014-12-31 | $189.88 Million | +3.57% |
| 2013-12-31 | $183.33 Million | +13.16% |
| 2012-12-31 | $162.01 Million | +0.63% |
| 2011-12-31 | $160.99 Million | +27.03% |
| 2010-12-31 | $126.73 Million | +16.67% |
| 2009-12-31 | $108.63 Million | +45.68% |
| 2008-12-31 | $74.57 Million | +88.50% |
| 2007-12-31 | $39.56 Million | +40.38% |
| 2006-12-31 | $28.18 Million | +44.09% |
| 2005-12-31 | $19.56 Million | -15.88% |
| 2004-12-31 | $23.25 Million | +167.72% |
| 2003-12-31 | $8.68 Million | +12.25% |
| 2002-12-31 | $7.74 Million | -24.49% |
| 2001-12-31 | $10.24 Million | +2.47% |
| 2000-12-31 | $10.00 Million | +29.22% |
| 1999-12-31 | $7.74 Million | +222.38% |
| 1998-12-31 | $2.40 Million | -29.41% |
| 1997-12-31 | $3.40 Million | -41.38% |
| 1996-12-31 | $5.80 Million | +26.09% |
| 1995-12-31 | $4.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hallador Energy Company'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 7193900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $426.00K | 0.41% |
| Other Components | $189.30 Million | 181.52% |
| Total Equity | $104.28 Million | 100.00% |
Hallador Energy Company Competitors by Market Cap
The table below lists competitors of Hallador Energy Company ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Foshan Nationstar Optoelectronics Co Ltd
SHE:002449
|
$561.02 Million |
|
NETGEAR Inc
NASDAQ:NTGR
|
$561.15 Million |
|
SurModics Inc
NASDAQ:SRDX
|
$561.22 Million |
|
Ningbo Solartron Technology Co Ltd
SHG:688299
|
$561.25 Million |
|
RVRC Holding AB
ST:RVRC
|
$560.90 Million |
|
Wuhan Xianglong Power Industry Co Ltd
SHG:600769
|
$560.89 Million |
|
Apartment Investment and Management Co
NYSE:AIV
|
$560.76 Million |
|
Shenzhen Investment Bay Area Co Ltd
PINK:SIHBY
|
$560.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hallador Energy Company's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 268,588,000 to 104,285,000, a change of -164,303,000 (-61.2%).
- Net loss of 226,138,000 reduced equity.
- New share issuances of 34,515,000 increased equity.
- Other factors increased equity by 27,320,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-226.14 Million | -216.85% |
| Share Issuances | $34.52 Million | +33.1% |
| Other Changes | $27.32 Million | +26.2% |
| Total Change | $- | -61.17% |
Book Value vs Market Value Analysis
This analysis compares Hallador Energy Company'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: 6.35x
- 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 25.85x to 6.35x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $0.65 | $16.75 | x |
| 1996-12-31 | $0.82 | $16.75 | x |
| 1997-12-31 | $0.48 | $16.75 | x |
| 1998-12-31 | $0.32 | $16.75 | x |
| 1999-12-31 | $0.42 | $16.75 | x |
| 2000-12-31 | $0.62 | $16.75 | x |
| 2001-12-31 | $0.63 | $16.75 | x |
| 2002-12-31 | $0.42 | $16.75 | x |
| 2003-12-31 | $0.51 | $16.75 | x |
| 2004-12-31 | $1.90 | $16.75 | x |
| 2005-12-31 | $2.73 | $16.75 | x |
| 2006-12-31 | $2.41 | $16.75 | x |
| 2007-12-31 | $2.95 | $16.75 | x |
| 2008-12-31 | $3.78 | $16.75 | x |
| 2009-12-31 | $4.44 | $16.75 | x |
| 2010-12-31 | $4.44 | $16.75 | x |
| 2011-12-31 | $5.61 | $16.75 | x |
| 2012-12-31 | $5.62 | $16.75 | x |
| 2013-12-31 | $6.34 | $16.75 | x |
| 2014-12-31 | $6.60 | $16.75 | x |
| 2015-12-31 | $7.12 | $16.75 | x |
| 2016-12-31 | $7.41 | $16.75 | x |
| 2017-12-31 | $8.41 | $16.75 | x |
| 2018-12-31 | $8.47 | $16.75 | x |
| 2019-12-31 | $6.33 | $16.75 | x |
| 2020-12-31 | $6.08 | $16.75 | x |
| 2021-12-31 | $5.95 | $16.75 | x |
| 2022-12-31 | $6.39 | $16.75 | x |
| 2023-12-31 | $7.29 | $16.75 | x |
| 2024-12-31 | $2.64 | $16.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hallador Energy Company 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): -216.85%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -55.92%
- • Asset Turnover: 1.10x
- • Equity Multiplier: 3.54x
- Recent ROE (-216.85%) is below the historical average (-1.63%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 17.24% | 18.52% | 0.44x | 2.14x | $420.00K |
| 1997 | -14.71% | -9.62% | 0.36x | 4.26x | $-840.00K |
| 1998 | -30.43% | -15.91% | 0.40x | 4.83x | $-930.00K |
| 1999 | 11.74% | 9.08% | 0.37x | 3.47x | $51.60K |
| 2000 | 34.74% | 19.87% | 0.69x | 2.54x | $1.13 Million |
| 2001 | 3.70% | 2.25% | 0.65x | 2.52x | $-297.90K |
| 2002 | -59.06% | -22.66% | 0.81x | 3.22x | $-2.05 Million |
| 2003 | 18.28% | 7.00% | 0.78x | 3.36x | $301.30K |
| 2004 | 73.07% | 920.71% | 0.04x | 1.89x | $8.52 Million |
| 2005 | 0.83% | 9.84% | 0.07x | 1.16x | $-1.79 Million |
| 2006 | -2.92% | -33.39% | 0.04x | 2.19x | $-3.64 Million |
| 2007 | -6.16% | -8.87% | 0.31x | 2.23x | $-6.33 Million |
| 2008 | 12.21% | 12.59% | 0.52x | 1.87x | $1.61 Million |
| 2009 | 18.58% | 17.35% | 0.70x | 1.52x | $9.32 Million |
| 2010 | 17.66% | 17.45% | 0.69x | 1.47x | $9.70 Million |
| 2011 | 22.24% | 23.72% | 0.65x | 1.44x | $19.71 Million |
| 2012 | 14.69% | 18.12% | 0.57x | 1.41x | $7.61 Million |
| 2013 | 12.23% | 16.32% | 0.53x | 1.42x | $4.09 Million |
| 2014 | 5.38% | 4.37% | 0.40x | 3.05x | $-8.77 Million |
| 2015 | 9.73% | 5.93% | 0.62x | 2.64x | $-550.00K |
| 2016 | 5.77% | 4.49% | 0.53x | 2.44x | $-9.18 Million |
| 2017 | 13.27% | 12.33% | 0.52x | 2.08x | $8.14 Million |
| 2018 | 2.99% | 2.61% | 0.57x | 2.02x | $-17.87 Million |
| 2019 | -31.25% | -18.86% | 0.75x | 2.22x | $-79.01 Million |
| 2020 | -3.36% | -2.55% | 0.64x | 2.07x | $-24.75 Million |
| 2021 | -2.06% | -1.52% | 0.70x | 1.94x | $-21.98 Million |
| 2022 | 8.42% | 5.00% | 0.55x | 3.04x | $-3.40 Million |
| 2023 | 16.68% | 7.06% | 1.08x | 2.20x | $17.93 Million |
| 2024 | -216.85% | -55.92% | 1.10x | 3.54x | $-236.57 Million |
Industry Comparison
This section compares Hallador Energy Company's net assets metrics with peer companies in the Thermal Coal industry.
Industry Context
- Industry: Thermal Coal
- Average net assets among peers: $8,744,092,304
- Average return on equity (ROE) among peers: -23.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hallador Energy Company (HNRG) | $146.19 Million | 17.24% | 1.80x | $560.98 Million |
| AIM Energy Inc (AEXE) | $-1.47 Million | 0.00% | 0.00x | $110.24K |
| Morien Resources Corp (APMCF) | $2.27 Million | -24.69% | 0.20x | $8.67 Million |
| Alliance Resource Partners LP (ARLP) | $-46.55 Million | 0.00% | 0.00x | $2.47 Billion |
| Peabody Energy Corp (BTU) | $2.73 Billion | -28.86% | 3.84x | $3.53 Billion |
| Consol Energy Inc (CEIX) | $551.61 Million | 27.73% | 4.00x | $2.71 Billion |
| Colombia Energy Resources Inc (CERX) | $-129.93K | 0.00% | 0.00x | $0.92 |
| Core Natural Resources, Inc. (CNR) | $553.52 Million | -1.76% | 3.56x | $4.91 Billion |
| China Shenhua Energy Co Ltd (CSUAY) | $84.21 Billion | 19.52% | 0.94x | $97.80 Billion |
| Southstone Minerals Limited (FDGMF) | $995.43K | -225.71% | 4.43x | $65.85K |
| Feishang Anthracite Resources Limited (FSHRF) | $-551.82 Million | 0.00% | 0.00x | $1.85 Million |