Adams Resources & Energy Inc
Adams Resources & Energy, Inc., through its subsidiaries, primarily engages in the marketing, transportation, terminalling, and storage of crude oil and other related products in the United States. The company operates through four segments: Crude Oil Marketing, Transportation, Pipeline and Storage, and Logistics and Repurposing. It purchases and sells crude oil to refiners and other customers pr… Read more
Adams Resources & Energy Inc (AE) - Net Assets
Latest net assets as of September 2024: $84.78 Million USD
Based on the latest financial reports, Adams Resources & Energy Inc (AE) has net assets worth $84.78 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 ($332.99 Million) and total liabilities ($248.21 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 | $84.78 Million |
| % of Total Assets | 25.46% |
| Annual Growth Rate | N/A |
| 5-Year Change | -38.86% |
| 10-Year Change | -41.13% |
| Growth Volatility | 19.64 |
Adams Resources & Energy Inc - Net Assets Trend (1985–2023)
This chart illustrates how Adams Resources & 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 Adams Resources & Energy Inc (1985–2023)
The table below shows the annual net assets of Adams Resources & Energy Inc from 1985 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $92.72 Million | -0.49% |
| 2022-12-31 | $93.18 Million | -41.90% |
| 2021-12-31 | $160.39 Million | +7.58% |
| 2020-12-31 | $149.09 Million | -1.68% |
| 2019-12-31 | $151.64 Million | +3.44% |
| 2018-12-31 | $146.60 Million | -0.35% |
| 2017-12-31 | $147.12 Million | -2.77% |
| 2016-12-31 | $151.31 Million | -0.79% |
| 2015-12-31 | $152.51 Million | -3.17% |
| 2014-12-31 | $157.50 Million | +1.82% |
| 2013-12-31 | $154.69 Million | +13.86% |
| 2012-12-31 | $135.86 Million | +22.75% |
| 2011-12-31 | $110.68 Million | +22.77% |
| 2010-12-31 | $90.16 Million | +7.58% |
| 2009-12-31 | $83.80 Million | +2.50% |
| 2008-12-31 | $81.76 Million | -8.59% |
| 2007-12-31 | $89.44 Million | +20.27% |
| 2006-12-31 | $74.37 Million | +13.27% |
| 2005-12-31 | $65.66 Million | +32.44% |
| 2004-12-31 | $49.58 Million | +17.39% |
| 2003-12-31 | $42.23 Million | +5.32% |
| 2002-12-31 | $40.10 Million | +2.31% |
| 2001-12-31 | $39.20 Million | -11.55% |
| 2000-12-31 | $44.31 Million | +23.09% |
| 1999-12-31 | $36.00 Million | +19.60% |
| 1998-12-31 | $30.10 Million | +7.12% |
| 1997-12-31 | $28.10 Million | +23.25% |
| 1996-12-31 | $22.80 Million | +45.22% |
| 1995-12-31 | $15.70 Million | +18.94% |
| 1994-12-31 | $13.20 Million | +28.16% |
| 1993-12-31 | $10.30 Million | +17.05% |
| 1992-12-31 | $8.80 Million | +18.92% |
| 1991-12-31 | $7.40 Million | +64.44% |
| 1990-12-31 | $4.50 Million | +60.71% |
| 1989-12-31 | $2.80 Million | +264.71% |
| 1988-12-31 | $-1.70 Million | +60.47% |
| 1987-12-31 | $-4.30 Million | +30.65% |
| 1986-12-31 | $-6.20 Million | +21.52% |
| 1985-12-31 | $-7.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Adams Resources & 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 grown by 9936100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $70.66 Million | 76.21% |
| Common Stock | $253.00K | 0.27% |
| Other Components | $21.80 Million | 23.51% |
| Total Equity | $92.72 Million | 100.00% |
Adams Resources & Energy Inc Competitors by Market Cap
The table below lists competitors of Adams Resources & Energy Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Agora S.A.
WAR:AGO
|
$82.95 Million |
|
Artemis Medicare Services Limited
NSE:ARTEMISMED
|
$83.00 Million |
|
VOXX International Corporation
NASDAQ:VOXX
|
$83.06 Million |
|
Hillevax Inc
NASDAQ:HLVX
|
$83.07 Million |
|
Bank Ochrony Środowiska SA
WAR:BOS
|
$82.94 Million |
|
Ate Energy International Co Ltd
TWO:6179
|
$82.93 Million |
|
Dong Hai JSC of Bentre
VN:DHC
|
$82.88 Million |
|
Source Energy Services Ltd
OTCGREY:SCEYF
|
$82.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Adams Resources & Energy Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 93,177,000 to 92,716,000, a change of -461,000 (-0.5%).
- Net income of 212,000 contributed positively to equity growth.
- Dividend payments of 2,517,000 reduced retained earnings.
- Share repurchases of 1,951,000 reduced equity.
- New share issuances of 1,990,000 increased equity.
- Other factors increased equity by 1,805,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $212.00K | +0.23% |
| Dividends Paid | $2.52 Million | -2.71% |
| Share Repurchases | $1.95 Million | -2.1% |
| Share Issuances | $1.99 Million | +2.15% |
| Other Changes | $1.80 Million | +1.95% |
| Total Change | $- | -0.49% |
Book Value vs Market Value Analysis
This analysis compares Adams Resources & 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: 1.05x
- 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 |
|---|---|---|---|
| 1985-12-31 | $-2.29 | $37.98 | x |
| 1986-12-31 | $-1.78 | $37.98 | x |
| 1987-12-31 | $-1.24 | $37.98 | x |
| 1988-12-31 | $-0.48 | $37.98 | x |
| 1989-12-31 | $0.74 | $37.98 | x |
| 1990-12-31 | $1.19 | $37.98 | x |
| 1991-12-31 | $1.78 | $37.98 | x |
| 1992-12-31 | $2.10 | $37.98 | x |
| 1993-12-31 | $2.40 | $37.98 | x |
| 1994-12-31 | $3.17 | $37.98 | x |
| 1995-12-31 | $3.74 | $37.98 | x |
| 1996-12-31 | $5.42 | $37.98 | x |
| 1997-12-31 | $6.70 | $37.98 | x |
| 1998-12-31 | $7.14 | $37.98 | x |
| 1999-12-31 | $8.49 | $37.98 | x |
| 2000-12-31 | $10.53 | $37.98 | x |
| 2001-12-31 | $9.26 | $37.98 | x |
| 2002-12-31 | $9.39 | $37.98 | x |
| 2003-12-31 | $10.07 | $37.98 | x |
| 2004-12-31 | $11.75 | $37.98 | x |
| 2005-12-31 | $15.56 | $37.98 | x |
| 2006-12-31 | $17.66 | $37.98 | x |
| 2007-12-31 | $21.19 | $37.98 | x |
| 2008-12-31 | $19.39 | $37.98 | x |
| 2009-12-31 | $19.87 | $37.98 | x |
| 2010-12-31 | $21.38 | $37.98 | x |
| 2011-12-31 | $26.24 | $37.98 | x |
| 2012-12-31 | $32.22 | $37.98 | x |
| 2013-12-31 | $36.65 | $37.98 | x |
| 2014-12-31 | $37.42 | $37.98 | x |
| 2015-12-31 | $35.88 | $37.98 | x |
| 2016-12-31 | $36.13 | $37.98 | x |
| 2017-12-31 | $34.88 | $37.98 | x |
| 2018-12-31 | $34.76 | $37.98 | x |
| 2019-12-31 | $35.82 | $37.98 | x |
| 2020-12-31 | $35.05 | $37.98 | x |
| 2021-12-31 | $37.10 | $37.98 | x |
| 2022-12-31 | $22.78 | $37.98 | x |
| 2023-12-31 | $36.10 | $37.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Adams Resources & 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): 0.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.01%
- • Asset Turnover: 7.60x
- • Equity Multiplier: 3.90x
- Recent ROE (0.23%) is below the historical average (12.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 0.00% | 1.64% | 5.04x | 0.00x | $2.89 Million |
| 1986 | 0.00% | 1.64% | 4.32x | 0.00x | $1.72 Million |
| 1987 | 0.00% | 3.46% | 4.88x | 0.00x | $2.73 Million |
| 1988 | 0.00% | 3.36% | 4.78x | 0.00x | $2.47 Million |
| 1989 | 67.86% | 2.12% | 4.90x | 6.54x | $1.62 Million |
| 1990 | 40.00% | 1.64% | 5.61x | 4.36x | $1.35 Million |
| 1991 | 24.32% | 1.50% | 5.82x | 2.78x | $1.06 Million |
| 1992 | 47.73% | 0.76% | 9.47x | 6.60x | $3.32 Million |
| 1993 | 14.56% | 0.22% | 13.83x | 4.88x | $470.00K |
| 1994 | 22.73% | 0.47% | 10.19x | 4.72x | $1.68 Million |
| 1995 | 7.64% | 0.14% | 10.34x | 5.12x | $-370.00K |
| 1996 | 24.56% | 0.37% | 13.50x | 4.86x | $3.32 Million |
| 1997 | 20.28% | 0.29% | 17.18x | 4.07x | $2.89 Million |
| 1998 | 7.64% | 0.12% | 16.14x | 4.06x | $-710.00K |
| 1999 | 17.78% | 0.16% | 13.64x | 8.14x | $2.80 Million |
| 2000 | 19.95% | 0.13% | 15.67x | 10.11x | $4.41 Million |
| 2001 | -11.66% | -0.10% | 20.78x | 5.79x | $-8.49 Million |
| 2002 | 3.62% | 0.06% | 11.49x | 5.04x | $-2.56 Million |
| 2003 | 7.35% | 0.18% | 8.19x | 4.98x | $-1.12 Million |
| 2004 | 17.36% | 0.42% | 8.67x | 4.82x | $3.65 Million |
| 2005 | 26.87% | 0.75% | 7.56x | 4.76x | $11.08 Million |
| 2006 | 14.10% | 0.47% | 7.77x | 3.89x | $3.05 Million |
| 2007 | 19.07% | 0.65% | 7.38x | 3.99x | $8.11 Million |
| 2008 | -6.81% | -0.13% | 19.72x | 2.58x | $-13.75 Million |
| 2009 | 4.95% | 0.21% | 7.79x | 2.98x | $-4.23 Million |
| 2010 | 9.57% | 0.39% | 7.34x | 3.34x | $-384.50K |
| 2011 | 20.72% | 0.71% | 8.48x | 3.42x | $11.86 Million |
| 2012 | 20.46% | 0.82% | 8.06x | 3.09x | $14.21 Million |
| 2013 | 13.97% | 0.55% | 8.81x | 2.90x | $6.14 Million |
| 2014 | 4.14% | 0.16% | 12.13x | 2.16x | $-9.23 Million |
| 2015 | -0.84% | -0.07% | 7.99x | 1.59x | $-16.53 Million |
| 2016 | 2.61% | 0.36% | 4.45x | 1.63x | $-11.19 Million |
| 2017 | -0.33% | -0.04% | 4.68x | 1.92x | $-15.19 Million |
| 2018 | 2.01% | 0.17% | 6.28x | 1.90x | $-11.71 Million |
| 2019 | 5.41% | 0.45% | 5.47x | 2.18x | $-6.96 Million |
| 2020 | 0.67% | 0.10% | 3.45x | 1.99x | $-13.91 Million |
| 2021 | 7.41% | 0.59% | 5.40x | 2.34x | $-4.15 Million |
| 2022 | 3.74% | 0.10% | 8.76x | 4.12x | $-5.83 Million |
| 2023 | 0.23% | 0.01% | 7.60x | 3.90x | $-9.06 Million |
Industry Comparison
This section compares Adams Resources & 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: $1,112,627,197
- Average return on equity (ROE) among peers: -3.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Adams Resources & Energy Inc (AE) | $84.78 Million | 0.00% | 2.93x | $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 |