Profire Ene
Profire Energy, Inc., a technology company, engages in the engineering and design of burner, and combustion management systems and solutions for natural and forced draft applications in the United States and Canada. It primarily focuses on the upstream, midstream, and downstream transmission segments of the oil and gas industry. The company also sells and installs its systems in South America, Eu… Read more
Profire Ene (PFIE) - Net Assets
Latest net assets as of September 2024: $61.73 Million USD
Based on the latest financial reports, Profire Ene (PFIE) has net assets worth $61.73 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($69.60 Million) and total liabilities ($7.87 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 | $61.73 Million |
| % of Total Assets | 88.69% |
| Annual Growth Rate | N/A |
| 5-Year Change | 22.04% |
| 10-Year Change | 27.71% |
| Growth Volatility | 60.79 |
Profire Ene - Net Assets Trend (2004–2023)
This chart illustrates how Profire Ene's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Profire Ene (2004–2023)
The table below shows the annual net assets of Profire Ene from 2004 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $56.84 Million | +22.01% |
| 2022-12-31 | $46.58 Million | +5.54% |
| 2021-12-31 | $44.14 Million | -2.71% |
| 2020-12-31 | $45.37 Million | -2.57% |
| 2019-12-31 | $46.57 Million | +2.91% |
| 2018-12-31 | $45.26 Million | +2.74% |
| 2017-12-31 | $44.05 Million | +6.42% |
| 2016-12-31 | $41.39 Million | -7.58% |
| 2015-12-31 | $44.79 Million | +0.63% |
| 2014-12-31 | $44.50 Million | +108.15% |
| 2013-12-31 | $21.38 Million | +104.36% |
| 2012-12-31 | $10.46 Million | +21.21% |
| 2011-12-31 | $8.63 Million | +56.57% |
| 2010-12-31 | $5.51 Million | +227.95% |
| 2009-12-31 | $1.68 Million | 0.00% |
| 2008-12-31 | $1.68 Million | +48.20% |
| 2007-12-31 | $1.13 Million | +174.40% |
| 2006-12-31 | $-1.52 Million | 0.00% |
| 2005-12-31 | $-1.52 Million | -186.93% |
| 2004-12-31 | $-531.30K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Profire Ene'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 3717593600.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $36.20 Million | 63.69% |
| Common Stock | $53.05K | 0.09% |
| Other Comprehensive Income | $-2.84 Million | -5.00% |
| Other Components | $23.43 Million | 41.22% |
| Total Equity | $56.84 Million | 100.00% |
Profire Ene Competitors by Market Cap
The table below lists competitors of Profire Ene ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Arbe Robotics Ltd
NASDAQ:ARBE
|
$68.16 Million |
|
Zalatoris II Acquisition Corp.
NASDAQ:ZLSSF
|
$68.19 Million |
|
SIMONA AG O.N.
F:SIM0
|
$68.20 Million |
|
Li-FT Power Ltd
PINK:LIFFF
|
$68.21 Million |
|
ZE PAK S.A. ZY2
F:6W6
|
$68.10 Million |
|
CS BEARING Co.Ltd
KQ:297090
|
$68.10 Million |
|
Lux Industries Limited
NSE:LUXIND
|
$68.09 Million |
|
Orascom Development Holding AG
SW:ODHN
|
$68.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Profire Ene's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 46,584,480 to 56,838,226, a change of 10,253,746 (22.0%).
- Net income of 10,776,714 contributed positively to equity growth.
- Share repurchases of 1,987,949 reduced equity.
- Other comprehensive income increased equity by 450,171.
- Other factors increased equity by 1,014,810.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $10.78 Million | +18.96% |
| Share Repurchases | $1.99 Million | -3.5% |
| Other Comprehensive Income | $450.17K | +0.79% |
| Other Changes | $1.01 Million | +1.79% |
| Total Change | $- | 22.01% |
Book Value vs Market Value Analysis
This analysis compares Profire Ene'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: 2.20x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | $-0.01 | $2.54 | x |
| 2006-12-31 | $-0.04 | $2.54 | x |
| 2007-12-31 | $0.06 | $2.54 | x |
| 2009-12-31 | $0.04 | $2.54 | x |
| 2010-12-31 | $0.12 | $2.54 | x |
| 2011-12-31 | $0.19 | $2.54 | x |
| 2012-12-31 | $0.23 | $2.54 | x |
| 2013-12-31 | $0.46 | $2.54 | x |
| 2014-12-31 | $0.86 | $2.54 | x |
| 2015-12-31 | $0.84 | $2.54 | x |
| 2016-12-31 | $0.77 | $2.54 | x |
| 2017-12-31 | $0.88 | $2.54 | x |
| 2018-12-31 | $0.92 | $2.54 | x |
| 2019-12-31 | $0.97 | $2.54 | x |
| 2020-12-31 | $0.95 | $2.54 | x |
| 2021-12-31 | $0.92 | $2.54 | x |
| 2022-12-31 | $0.96 | $2.54 | x |
| 2023-12-31 | $1.16 | $2.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Profire Ene 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): 18.96%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.51%
- • Asset Turnover: 0.88x
- • Equity Multiplier: 1.17x
- Recent ROE (18.96%) is above the historical average (11.35%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 0.00% | -5.17% | 4.06x | 0.00x | $-141.99K |
| 2006 | 0.00% | -39.35% | 4.46x | 0.00x | $-1.05 Million |
| 2007 | -15.45% | 0.00% | 0.00x | 1.96x | $-288.70K |
| 2009 | 52.06% | 13.99% | 2.76x | 1.35x | $707.05K |
| 2010 | 29.50% | 20.24% | 1.34x | 1.09x | $1.08 Million |
| 2011 | 36.93% | 20.02% | 1.57x | 1.17x | $2.32 Million |
| 2012 | 13.69% | 8.48% | 1.36x | 1.18x | $386.39K |
| 2013 | 26.23% | 15.84% | 1.43x | 1.16x | $3.47 Million |
| 2014 | 12.91% | 11.23% | 1.09x | 1.05x | $1.30 Million |
| 2015 | 0.08% | 0.13% | 0.58x | 1.05x | $-4.44 Million |
| 2016 | 0.19% | 0.49% | 0.37x | 1.04x | $-4.06 Million |
| 2017 | 10.10% | 11.62% | 0.80x | 1.09x | $44.79K |
| 2018 | 13.44% | 13.33% | 0.92x | 1.09x | $1.56 Million |
| 2019 | 4.34% | 5.19% | 0.75x | 1.12x | $-2.64 Million |
| 2020 | -4.79% | -10.14% | 0.44x | 1.07x | $-6.71 Million |
| 2021 | -2.38% | -3.99% | 0.55x | 1.09x | $-5.47 Million |
| 2022 | 8.47% | 8.59% | 0.85x | 1.16x | $-710.69K |
| 2023 | 18.96% | 18.51% | 0.88x | 1.17x | $5.09 Million |
Industry Comparison
This section compares Profire Ene'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 |
|---|---|---|---|---|
| Profire Ene (PFIE) | $61.73 Million | 0.00% | 0.13x | $68.16 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 |