National Energy Services Reunited Corp Warrants
National Energy Services Reunited Corp. provides oilfield services to oil and gas companies in the Middle East, North Africa, and the Asia Pacific regions. It operates through two segments, Production Services; and Drilling and Evaluation Services. The Production Services segment offers hydraulic fracturing services; coiled tubing services, including nitrogen lifting, fishing, milling, clean-out,… Read more
National Energy Services Reunited Corp Warrants (NESRW) - Net Assets
Latest net assets as of June 2024: $851.39 Million USD
Based on the latest financial reports, National Energy Services Reunited Corp Warrants (NESRW) has net assets worth $851.39 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 ($1.79 Billion) and total liabilities ($937.97 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 | $851.39 Million |
| % of Total Assets | 47.58% |
| Annual Growth Rate | 24.66% |
| 5-Year Change | -7.33% |
| 10-Year Change | N/A |
| Growth Volatility | 104.38 |
National Energy Services Reunited Corp Warrants - Net Assets Trend (2017–2023)
This chart illustrates how National Energy Services Reunited Corp Warrants's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for National Energy Services Reunited Corp Warrants (2017–2023)
The table below shows the annual net assets of National Energy Services Reunited Corp Warrants from 2017 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $821.49 Million | +2.39% |
| 2022-12-31 | $802.35 Million | -2.28% |
| 2021-12-31 | $821.03 Million | -13.06% |
| 2020-12-31 | $944.42 Million | +6.54% |
| 2019-12-31 | $886.47 Million | +6.69% |
| 2018-12-31 | $830.92 Million | +279.55% |
| 2017-12-31 | $218.93 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to National Energy Services Reunited Corp Warrants'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 5957596900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $883.87 Million | 107.59% |
| Other Comprehensive Income | $69.00K | 0.01% |
| Total Equity | $821.49 Million | 100.00% |
National Energy Services Reunited Corp Warrants Competitors by Market Cap
The table below lists competitors of National Energy Services Reunited Corp Warrants ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Summit Bancshares Inc
PINK:SMAL
|
$34.34 Million |
|
LUMENT FINANCE TR. DL-01
F:70X
|
$34.35 Million |
|
Masisa
SN:MASISA
|
$34.36 Million |
|
MDwerks Inc
OTCQB:MDWK
|
$34.36 Million |
|
Rottneros AB
ST:RROS
|
$34.31 Million |
|
Sernova Corp
OTCQB:SEOVF
|
$34.31 Million |
|
Sotherly Hotels Inc
NASDAQ:SOHO
|
$34.31 Million |
|
Silver One Resources Inc
OTCQX:SLVRF
|
$34.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in National Energy Services Reunited Corp Warrants's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 802,348,000 to 821,494,000, a change of 19,146,000 (2.4%).
- Net income of 12,580,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 69,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $12.58 Million | +1.53% |
| Other Comprehensive Income | $69.00K | +0.01% |
| Other Changes | $6.50 Million | +0.79% |
| Total Change | $- | 2.39% |
Book Value vs Market Value Analysis
This analysis compares National Energy Services Reunited Corp Warrants'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: 0.06x
- 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 | $7.64 | $0.50 | x |
| 2018-12-31 | $9.71 | $0.50 | x |
| 2019-12-31 | $10.17 | $0.50 | x |
| 2020-12-31 | $10.60 | $0.50 | x |
| 2021-12-31 | $9.02 | $0.50 | x |
| 2022-12-31 | $8.53 | $0.50 | x |
| 2023-12-31 | $8.67 | $0.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently National Energy Services Reunited Corp Warrants 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): 1.53%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.10%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 2.19x
- Recent ROE (1.53%) is below the historical average (2.07%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 13.99% | 11.29% | 1.17x | 1.06x | $8.73 Million |
| 2018 | 5.15% | 8.81% | 0.36x | 1.62x | $-40.33 Million |
| 2019 | 4.44% | 5.98% | 0.43x | 1.72x | $-49.28 Million |
| 2020 | 1.75% | 1.98% | 0.49x | 1.79x | $-77.89 Million |
| 2021 | -7.86% | -7.36% | 0.48x | 2.23x | $-146.67 Million |
| 2022 | -4.54% | -4.00% | 0.50x | 2.28x | $-116.65 Million |
| 2023 | 1.53% | 1.10% | 0.64x | 2.19x | $-69.57 Million |
Industry Comparison
This section compares National Energy Services Reunited Corp Warrants's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $5,464,315,253
- Average return on equity (ROE) among peers: -34.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| National Energy Services Reunited Corp Warrants (NESRW) | $851.39 Million | 13.99% | 1.10x | $34.33 Million |
| ProFrac Holding Corp. (ACDC) | $1.33 Billion | -7.35% | 1.31x | $222.04 Million |
| Atlas Energy Solutions Inc. (AESI) | $867.82 Million | 18.44% | 0.45x | $1.34 Billion |
| Akastor ASA (AKKVF) | $13.55 Billion | 9.27% | 2.55x | $54.21 Million |
| Andatee China Marine Fuel Services (AMCF) | $18.84 Million | 34.05% | 1.21x | $0.98 |
| Archrock Inc (AROC) | $2.23 Billion | -42.52% | 1.73x | $6.15 Billion |
| Anton Oilfield Services Group (ATONY) | $2.15 Billion | -9.22% | 2.02x | $381.63 Million |
| Auri Inc (AURI) | $-2.74 Million | 0.00% | 0.00x | $1.91 |
| Baker Hughes Co (BKR) | $34.50 Billion | 0.37% | 0.55x | $56.21 Billion |
| Kbridge Energy Corp (BMMCF) | $-341.75K | 0.00% | 0.00x | $880.54 |
| Bri-Chem Corp (BRYFF) | $131.44K | -348.83% | 2.61x | $4.32 Million |