MCF Energy Ltd.
MCF Energy Ltd. operates as an upstream oil and gas company in Europe. It engages in the identification, exploration, and development of proven and unproven oil and gas reserves. The company was formerly known as Pinedale Energy Limited and changed its name to MCF Energy Ltd. in December 2022. MCF Energy Ltd. was founded in 2022 and is headquartered in Vancouver, Canada.
MCF Energy Ltd. (MCFNF) - Net Assets
Latest net assets as of September 2024: $33.86 Million USD
Based on the latest financial reports, MCF Energy Ltd. (MCFNF) has net assets worth $33.86 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 ($48.38 Million) and total liabilities ($14.52 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 | $33.86 Million |
| % of Total Assets | 69.98% |
| Annual Growth Rate | 132.83% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 162.89 |
MCF Energy Ltd. - Net Assets Trend (2019–2023)
This chart illustrates how MCF Energy Ltd.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for MCF Energy Ltd. (2019–2023)
The table below shows the annual net assets of MCF Energy Ltd. from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $24.45 Million | +211.58% |
| 2022-12-31 | $7.85 Million | +3234.54% |
| 2021-12-31 | $-250.32K | -111.83% |
| 2020-12-31 | $-118.17K | -114.21% |
| 2019-12-31 | $831.89K | -- |
Equity Component Analysis
This analysis shows how different components contribute to MCF 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 1169552600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $42.05 Million | 172.01% |
| Total Equity | $24.45 Million | 100.00% |
MCF Energy Ltd. Competitors by Market Cap
The table below lists competitors of MCF Energy Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MANOLETE PARTNERS LS-004
F:2BE
|
$11.77 Million |
|
Elsoft Research Bhd
KLSE:0090
|
$11.77 Million |
|
Abliva AB (publ)
PINK:NEVPF
|
$11.77 Million |
|
SOC D'EXP VIOR
F:VL5
|
$11.78 Million |
|
Multi Ways Holdings Ltd
NYSE MKT:MWG
|
$11.77 Million |
|
Pantaflix AG
XETRA:PAL
|
$11.77 Million |
|
Noumi Limited
PINK:NOUMF
|
$11.77 Million |
|
Global Uranium and Enrichment Ltd
AU:GUE
|
$11.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MCF Energy Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 7,846,346 to 24,448,000, a change of 16,601,654 (211.6%).
- Net loss of 10,808,000 reduced equity.
- New share issuances of 11,484,000 increased equity.
- Other factors increased equity by 15,925,654.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-10.81 Million | -44.21% |
| Share Issuances | $11.48 Million | +46.97% |
| Other Changes | $15.93 Million | +65.14% |
| Total Change | $- | 211.58% |
Book Value vs Market Value Analysis
This analysis compares MCF 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: 0.40x
- 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.
- The price-to-book ratio has decreased from 5.95x to 0.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $0.01 | $0.04 | x |
| 2020-12-31 | $0.00 | $0.04 | x |
| 2021-12-31 | $0.00 | $0.04 | x |
| 2022-12-31 | $0.07 | $0.04 | x |
| 2023-12-31 | $0.11 | $0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MCF 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): -44.21%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.44x
- Recent ROE (-44.21%) is below the historical average (14.68%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 124.19% | 15.81% | 0.54x | 14.63x | $949.91K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-228.56K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-107.12K |
| 2022 | -6.56% | 0.00% | 0.00x | 1.41x | $-1.30 Million |
| 2023 | -44.21% | 0.00% | 0.00x | 1.44x | $-13.25 Million |
Industry Comparison
This section compares MCF 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: $1,751,793,864
- Average return on equity (ROE) among peers: -1.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MCF Energy Ltd. (MCFNF) | $33.86 Million | 124.19% | 0.43x | $11.77 Million |
| Advantage Energy Ltd. (AAVVF) | $1.33 Billion | 0.83% | 0.33x | $922.80 Million |
| ADX Energy Ltd (ADXRF) | $4.37 Million | -14.30% | 0.01x | $9.58 Million |
| ARC Resources Ltd. (AETUF) | $3.40 Billion | 7.09% | 0.69x | $10.30 Billion |
| Aminex PLC (AEXFF) | $7.53 Million | -11.90% | 0.27x | $77.17 Million |
| Aker BP ASA (AKRBF) | $12.69 Billion | 14.40% | 2.32x | $6.29 Billion |
| Arkanova Energy Corporation (AKVA) | $-35.51K | 0.00% | 0.00x | $4.92K |
| Allied Resources Inc (ALOD) | $2.39 Million | -3.81% | 0.14x | $428.76K |
| Altex Industries Inc (ALTX) | $2.60 Million | -10.61% | 0.15x | $1.08 Million |
| Alvopetro Energy Ltd (ALVOF) | $66.14 Million | -10.76% | 0.04x | $117.02 Million |
| AMEN Properties Inc (AMEN) | $15.55 Million | 14.30% | 0.08x | $4.94 Million |