Vertex Energy Inc
Vertex Energy, Inc., an energy transition company, that focuses on the production and distribution of conventional and alternative fuels. The company engages in refining and distributing petroleum products comprising the mobile refinery and related operations. It sells ferrous and non-ferrous recyclable metal products, and markets Group III base oils and other petroleum-based products, as well as… Read more
Vertex Energy Inc (VTNR) - Net Assets
Latest net assets as of June 2024: $129.55 Million USD
Based on the latest financial reports, Vertex Energy Inc (VTNR) has net assets worth $129.55 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 ($772.37 Million) and total liabilities ($642.82 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 | $129.55 Million |
| % of Total Assets | 16.77% |
| Annual Growth Rate | 24.23% |
| 5-Year Change | 293.7% |
| 10-Year Change | 244.19% |
| Growth Volatility | 160.78 |
Vertex Energy Inc - Net Assets Trend (1996–2023)
This chart illustrates how Vertex Energy Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Vertex Energy Inc (1996–2023)
The table below shows the annual net assets of Vertex Energy Inc from 1996 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $201.76 Million | +21.97% |
| 2022-12-31 | $165.42 Million | +125.02% |
| 2021-12-31 | $73.51 Million | +19.94% |
| 2020-12-31 | $61.29 Million | +19.60% |
| 2019-12-31 | $51.25 Million | +0.51% |
| 2018-12-31 | $50.99 Million | -0.69% |
| 2017-12-31 | $51.34 Million | -11.96% |
| 2016-12-31 | $58.32 Million | +10.26% |
| 2015-12-31 | $52.89 Million | -9.77% |
| 2014-12-31 | $58.62 Million | +52.91% |
| 2013-12-31 | $38.34 Million | +87.92% |
| 2012-12-31 | $20.40 Million | +118.48% |
| 2011-12-31 | $9.34 Million | +267.78% |
| 2010-12-31 | $2.54 Million | +125.51% |
| 2009-12-31 | $1.13 Million | +104.37% |
| 2008-12-31 | $-25.74 Million | -108.32% |
| 2007-12-31 | $-12.36 Million | -229.12% |
| 2006-12-31 | $9.57 Million | +44.41% |
| 2005-12-31 | $6.63 Million | +32.16% |
| 2004-12-31 | $5.01 Million | +26488.81% |
| 2003-12-31 | $-19.00K | -216.67% |
| 2002-12-31 | $-6.00K | +99.67% |
| 2001-12-31 | $-1.84 Million | -9.48% |
| 2000-12-31 | $-1.68 Million | -29.08% |
| 1999-12-31 | $-1.30 Million | -161.61% |
| 1998-12-31 | $-496.92K | +80.00% |
| 1997-12-31 | $-2.48 Million | -530.77% |
| 1996-12-31 | $576.67K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vertex Energy Inc'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 16019507700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $94.00K | 0.05% |
| Other Components | $383.63 Million | 195.38% |
| Total Equity | $196.35 Million | 100.00% |
Vertex Energy Inc Competitors by Market Cap
The table below lists competitors of Vertex Energy Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Plasson Indus
TA:PLSN
|
$4.87 Million |
|
CJ Century Logistics Holdings Bhd
KLSE:7117
|
$4.88 Million |
|
Intellipharmaceutics International Inc
OTCQB:IPCIF
|
$4.88 Million |
|
MILA RESOUR. PLC LS-01
F:HN0
|
$4.88 Million |
|
Euromedis Groupe SA
PA:ALEMG
|
$4.87 Million |
|
KT Medical Service PCL
BK:KTMS
|
$4.87 Million |
|
Nawi Brothers Group Ltd
TA:NAWI
|
$4.87 Million |
|
Solstice Gold Corp
PINK:SGCPF
|
$4.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vertex Energy Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 163,735,000 to 196,347,000, a change of 32,612,000 (19.9%).
- Net loss of 71,486,000 reduced equity.
- Other factors increased equity by 104,098,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-71.49 Million | -36.41% |
| Other Changes | $104.10 Million | +53.02% |
| Total Change | $- | 19.92% |
Book Value vs Market Value Analysis
This analysis compares Vertex Energy Inc'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: 0.03x
- 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 |
|---|---|---|---|
| 1996-12-31 | $25.17 | $0.07 | x |
| 1997-12-31 | $-97.65 | $0.07 | x |
| 1998-12-31 | $-4.54 | $0.07 | x |
| 1999-12-31 | $-8.63 | $0.07 | x |
| 2000-12-31 | $-11.13 | $0.07 | x |
| 2001-12-31 | $-12.19 | $0.07 | x |
| 2002-12-31 | $-0.04 | $0.07 | x |
| 2003-12-31 | $-0.12 | $0.07 | x |
| 2004-12-31 | $3.04 | $0.07 | x |
| 2005-12-31 | $2.73 | $0.07 | x |
| 2006-12-31 | $3.82 | $0.07 | x |
| 2007-12-31 | $-4.61 | $0.07 | x |
| 2008-12-31 | $-4.68 | $0.07 | x |
| 2009-12-31 | $0.15 | $0.07 | x |
| 2010-12-31 | $0.18 | $0.07 | x |
| 2011-12-31 | $0.99 | $0.07 | x |
| 2012-12-31 | $1.20 | $0.07 | x |
| 2013-12-31 | $1.75 | $0.07 | x |
| 2014-12-31 | $2.46 | $0.07 | x |
| 2015-12-31 | $1.88 | $0.07 | x |
| 2016-12-31 | $1.91 | $0.07 | x |
| 2017-12-31 | $1.56 | $0.07 | x |
| 2018-12-31 | $1.40 | $0.07 | x |
| 2019-12-31 | $1.12 | $0.07 | x |
| 2020-12-31 | $0.62 | $0.07 | x |
| 2021-12-31 | $0.50 | $0.07 | x |
| 2022-12-31 | $2.32 | $0.07 | x |
| 2023-12-31 | $2.29 | $0.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vertex Energy Inc 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): -36.41%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.25%
- • Asset Turnover: 3.72x
- • Equity Multiplier: 4.35x
- Recent ROE (-36.41%) is above the historical average (-51.77%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | -838.30% | -44.71% | 1.87x | 10.02x | $-4.89 Million |
| 1997 | 0.00% | -118.93% | 2.76x | 0.00x | $-3.46 Million |
| 1998 | 0.00% | 11.40% | 2.44x | 0.00x | $302.61K |
| 1999 | 0.00% | -61.54% | 4.33x | 0.00x | $-670.00K |
| 2000 | 0.00% | -101.54% | 4.92x | 0.00x | $-227.20K |
| 2001 | 0.00% | -795.00% | 0.26x | 0.00x | $24.70K |
| 2002 | 0.00% | 0.00% | 0.00x | 0.00x | $1.83 Million |
| 2003 | 0.00% | 0.00% | 0.00x | 0.00x | $-14.10K |
| 2004 | -49.35% | 0.00% | 0.00x | 1.35x | $-2.98 Million |
| 2005 | -47.57% | 0.00% | 0.00x | 3.17x | $-3.81 Million |
| 2006 | -260.81% | -26610.64% | 0.00x | 2.62x | $-25.91 Million |
| 2007 | 0.00% | 0.00% | 0.00x | 0.00x | $-14.12 Million |
| 2008 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.37 Million |
| 2009 | -54.13% | -1.57% | 5.13x | 6.70x | $-721.97K |
| 2010 | 48.38% | 2.11% | 7.14x | 3.21x | $974.54K |
| 2011 | 61.62% | 5.24% | 6.56x | 1.79x | $4.82 Million |
| 2012 | 17.93% | 2.72% | 2.74x | 2.41x | $1.62 Million |
| 2013 | 21.21% | 4.86% | 2.51x | 1.74x | $4.17 Million |
| 2014 | -9.46% | -2.14% | 1.93x | 2.28x | $-11.41 Million |
| 2015 | -42.57% | -15.32% | 1.54x | 1.80x | $-27.81 Million |
| 2016 | -6.79% | -4.03% | 1.13x | 1.49x | $-9.77 Million |
| 2017 | -16.55% | -5.80% | 1.73x | 1.65x | $-13.53 Million |
| 2018 | -4.48% | -1.23% | 2.15x | 1.70x | $-7.17 Million |
| 2019 | -22.57% | -6.36% | 1.35x | 2.62x | $-15.01 Million |
| 2020 | -99.48% | -20.90% | 1.11x | 4.31x | $-31.05 Million |
| 2021 | -99.98% | -24.24% | 0.44x | 9.48x | $-30.87 Million |
| 2022 | -10.18% | -0.60% | 4.05x | 4.21x | $-33.04 Million |
| 2023 | -36.41% | -2.25% | 3.72x | 4.35x | $-91.12 Million |
Industry Comparison
This section compares Vertex Energy Inc's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.
Industry Context
- Industry: Oil & Gas Refining & Marketing
- Average net assets among peers: $1,009,540,578
- Average return on equity (ROE) among peers: -3.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vertex Energy Inc (VTNR) | $129.55 Million | -838.30% | 4.96x | $4.87 Million |
| Adams Resources & Energy Inc (AE) | $81.76 Million | -6.81% | 1.58x | $82.94 Million |
| Blue Dolphin Energy Co (BDCO) | $27.97 Million | 56.35% | 1.16x | $3.39 Million |
| Blue Earth Resources Inc (BERI) | $681.30K | -5.13% | 0.08x | $494.55 |
| Crossamerica Partners LP (CAPL) | $94.67 Million | 19.09% | 3.14x | $395.42 Million |
| China HK Power Smart Energy Group Limited (CHNTF) | $94.09 Million | -177.69% | 13.22x | $21.56 Million |
| Clean Energy Fuels Corp (CLNE) | $230.93 Million | -3.85% | 0.08x | $375.92 Million |
| CVR Energy Inc (CVI) | $791.00 Million | 58.53% | 4.21x | $874.31 Million |
| DCC plc (DCCPF) | $2.43 Billion | 10.79% | 1.91x | $6.39 Billion |
| HF Sinclair Corp (DINO) | $5.81 Billion | 12.74% | 0.44x | $9.96 Billion |
| Delek US Energy Inc (DK) | $531.00 Million | 0.13% | 1.30x | $2.44 Billion |