Zenith Energy Ltd (ZENA) - Net Assets
Based on the latest financial reports, Zenith Energy Ltd (ZENA) has net assets worth Nkr75.51 Million NOK (≈ $7.95 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 (Nkr178.77 Million ≈ $18.81 Million USD) and total liabilities (Nkr103.26 Million ≈ $10.87 Million USD). 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. Check asset resilience ratio of Zenith Energy Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr75.51 Million |
| % of Total Assets | 42.24% |
| Annual Growth Rate | 29.45% |
| 5-Year Change | 175.72% |
| 10-Year Change | N/A |
| Growth Volatility | 140.51 |
Zenith Energy Ltd - Net Assets Trend (2008–2025)
This chart illustrates how Zenith Energy Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Zenith Energy Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Zenith Energy Ltd (2008–2025)
The table below shows the annual net assets of Zenith Energy Ltd from 2008 to 2025. For live valuation and market cap data, see market value of Zenith Energy Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Nkr65.63 Million ≈ $6.91 Million |
+31.32% |
| 2024-03-31 | Nkr49.98 Million ≈ $5.26 Million |
-45.47% |
| 2023-03-31 | Nkr91.65 Million ≈ $9.64 Million |
-11.10% |
| 2022-03-31 | Nkr103.09 Million ≈ $10.85 Million |
+333.10% |
| 2021-03-31 | Nkr23.80 Million ≈ $2.50 Million |
+142.17% |
| 2020-03-31 | Nkr9.83 Million ≈ $1.03 Million |
-98.27% |
| 2019-03-31 | Nkr569.08 Million ≈ $59.88 Million |
-0.49% |
| 2018-03-31 | Nkr571.89 Million ≈ $60.18 Million |
-0.62% |
| 2017-03-31 | Nkr575.45 Million ≈ $60.55 Million |
+25350.53% |
| 2016-03-31 | Nkr-2.28 Million ≈ $-239.81K |
-153.13% |
| 2015-03-31 | Nkr4.29 Million ≈ $451.34K |
+91.79% |
| 2014-03-31 | Nkr2.24 Million ≈ $235.33K |
+206.54% |
| 2013-03-31 | Nkr-2.10 Million ≈ $-220.89K |
-80.45% |
| 2012-03-31 | Nkr-1.16 Million ≈ $-122.41K |
-247.15% |
| 2011-03-31 | Nkr790.53K ≈ $83.19K |
-65.28% |
| 2010-03-31 | Nkr2.28 Million ≈ $239.58K |
-4.61% |
| 2009-03-31 | Nkr2.39 Million ≈ $251.17K |
+192.66% |
| 2008-03-31 | Nkr815.57K ≈ $85.82K |
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Equity Component Analysis
This analysis shows how different components contribute to Zenith Energy Ltd'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 3005500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr81.20 Million | 123.73% |
| Other Comprehensive Income | Nkr6.92 Million | 10.55% |
| Other Components | Nkr7.57 Million | 11.54% |
| Total Equity | Nkr65.63 Million | 100.00% |
Zenith Energy Ltd Competitors by Market Cap
The table below lists competitors of Zenith Energy Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Budi Starch & Sweetener Tbk
JK:BUDI
|
$55.27 Million |
|
Autopedia Sukses Lestari Tbk PT
JK:ASLC
|
$55.27 Million |
|
Marine & General Bhd
KLSE:5078
|
$55.30 Million |
|
Inv Tricahue
SN:TRICAHUE
|
$55.34 Million |
|
Wir Asia Tbk PT
JK:WIRG
|
$55.26 Million |
|
Shin Shin Co Ltd
TW:2901
|
$55.23 Million |
|
Equity Metals Corp
V:EQTY
|
$55.18 Million |
|
Bengang Steel Plates Co Ltd
SHE:200761
|
$55.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zenith Energy Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 49,978,000 to 65,629,000, a change of 15,651,000 (31.3%).
- Net income of 1,089,000 contributed positively to equity growth.
- Share repurchases of 14,977,000 reduced equity.
- New share issuances of 14,977,000 increased equity.
- Other comprehensive income increased equity by 3,541,000.
- Other factors increased equity by 11,021,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr1.09 Million | +1.66% |
| Share Repurchases | Nkr14.98 Million | -22.82% |
| Share Issuances | Nkr14.98 Million | +22.82% |
| Other Comprehensive Income | Nkr3.54 Million | +5.4% |
| Other Changes | Nkr11.02 Million | +16.79% |
| Total Change | Nkr- | 31.32% |
Book Value vs Market Value Analysis
This analysis compares Zenith Energy Ltd'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: 3.72x
- 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 increased from 0.96x to 3.72x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-03-31 | Nkr0.85 | Nkr0.81 | x |
| 2009-03-31 | Nkr0.24 | Nkr0.81 | x |
| 2010-03-31 | Nkr0.13 | Nkr0.81 | x |
| 2011-03-31 | Nkr0.02 | Nkr0.81 | x |
| 2012-03-31 | Nkr-0.03 | Nkr0.81 | x |
| 2013-03-31 | Nkr-0.32 | Nkr0.81 | x |
| 2014-03-31 | Nkr0.25 | Nkr0.81 | x |
| 2015-03-31 | Nkr0.20 | Nkr0.81 | x |
| 2016-03-31 | Nkr-0.02 | Nkr0.81 | x |
| 2017-03-31 | Nkr4.61 | Nkr0.81 | x |
| 2018-03-31 | Nkr4.30 | Nkr0.81 | x |
| 2019-03-31 | Nkr2.50 | Nkr0.81 | x |
| 2020-03-31 | Nkr0.02 | Nkr0.81 | x |
| 2021-03-31 | Nkr0.20 | Nkr0.81 | x |
| 2022-03-31 | Nkr0.32 | Nkr0.81 | x |
| 2023-03-31 | Nkr0.40 | Nkr0.81 | x |
| 2024-03-31 | Nkr0.19 | Nkr0.81 | x |
| 2025-03-31 | Nkr0.22 | Nkr0.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zenith Energy Ltd 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): 1.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 50.72%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 2.51x
- Recent ROE (1.66%) is above the historical average (-340.42%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -1.47% | 0.00% | 0.00x | 1.10x | Nkr-93.56K |
| 2009 | -19.57% | -6318.07% | 0.00x | 1.05x | Nkr-705.84K |
| 2010 | -46.36% | -86507.21% | 0.00x | 1.11x | Nkr-1.28 Million |
| 2011 | -465.95% | -269.90% | 0.17x | 10.22x | Nkr-3.76 Million |
| 2012 | 0.00% | -141.25% | 0.31x | 0.00x | Nkr-3.07 Million |
| 2013 | 0.00% | -83.37% | 0.49x | 0.00x | Nkr-1.90 Million |
| 2014 | 188.22% | 102.45% | 0.17x | 10.77x | Nkr3.99 Million |
| 2015 | -55.40% | -49.67% | 0.25x | 4.49x | Nkr-2.81 Million |
| 2016 | 0.00% | -369.82% | 0.13x | 0.00x | Nkr-7.45 Million |
| 2017 | 98.60% | 12825.00% | 0.00x | 1.88x | Nkr509.83 Million |
| 2018 | -1.73% | -197.61% | 0.00x | 1.89x | Nkr-67.11 Million |
| 2019 | -1.72% | -148.65% | 0.01x | 1.91x | Nkr-66.67 Million |
| 2020 | -5802.31% | -77593.06% | 0.01x | 5.20x | Nkr-571.29 Million |
| 2021 | 14.81% | 591.44% | 0.00x | 5.02x | Nkr1.14 Million |
| 2022 | 62.51% | 782.10% | 0.03x | 2.52x | Nkr54.13 Million |
| 2023 | -14.00% | -97.48% | 0.05x | 2.87x | Nkr-21.99 Million |
| 2024 | -84.77% | -2369.52% | 0.01x | 2.80x | Nkr-47.36 Million |
| 2025 | 1.66% | 50.72% | 0.01x | 2.51x | Nkr-5.47 Million |
Industry Comparison
This section compares Zenith Energy Ltd's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $938,561,000
- Average return on equity (ROE) among peers: 11.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zenith Energy Ltd (ZENA) | Nkr75.51 Million | -1.47% | 1.37x | $55.26 Million |
| Aker BP ASA (AKRBP) | $2.99 Billion | 9.19% | 3.02x | $23.97 Billion |
| BlueNord ASA (BNOR) | $-6.00 Million | 0.00% | 0.00x | $1.58 Billion |
| BW Energy Ltd (BWE) | $569.20 Million | 9.14% | 0.68x | $1.57 Billion |
| Dno ASA (DNO) | $1.23 Billion | 1.51% | 1.14x | $2.03 Billion |
| Interoil Exploration and Production ASA (IOX) | $-48.45 Million | 0.00% | 0.00x | $8.05 Million |
| Okea ASA (OKEA) | $1.68 Billion | -4.23% | 5.53x | $428.63 Million |
| Panoro Energy ASA (PEN) | $72.69 Million | 14.02% | 1.10x | $457.37 Million |
| Petronor E&P Ltd (PNOR) | $186.75 Million | 36.32% | 0.28x | $217.81 Million |
| Var Energi ASA (VAR) | $1.77 Billion | 34.51% | 9.91x | $12.33 Billion |
About Zenith Energy Ltd
Zenith Energy Ltd., together with its subsidiaries, engages in the exploration, development and production of oil and natural gas in Tunisia, Italy, and internationally. It is also involved in the production of condensate and electricity assets; oil and gas drilling; and oil trading activity, as well as software development. The company was formerly known as Canoel International Energy Ltd. and c… Read more