PHX Energy Services Corp
PHX Energy Services Corp. provides horizontal and directional drilling services, rents performance drilling motors, and sells motor equipment and parts to oil and natural gas exploration and development companies in Canada, the United States, Albania, the Middle East regions, and internationally. It offers Atlas motors; Velocity Real-Time Systems that provide downhole guidance systems; Echo syste… Read more
PHX Energy Services Corp (PHXHF) - Net Assets
Latest net assets as of June 2025: $221.84 Million USD
Based on the latest financial reports, PHX Energy Services Corp (PHXHF) has net assets worth $221.84 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($429.88 Million) and total liabilities ($208.04 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 | $221.84 Million |
| % of Total Assets | 51.6% |
| Annual Growth Rate | 10.04% |
| 5-Year Change | 68.3% |
| 10-Year Change | 53.06% |
| Growth Volatility | 19.7 |
PHX Energy Services Corp - Net Assets Trend (2004–2024)
This chart illustrates how PHX Energy Services Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for PHX Energy Services Corp (2004–2024)
The table below shows the annual net assets of PHX Energy Services Corp from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $222.21 Million | +5.83% |
| 2023-12-31 | $209.97 Million | +18.71% |
| 2022-12-31 | $176.88 Million | +31.57% |
| 2021-12-31 | $134.43 Million | +1.82% |
| 2020-12-31 | $132.03 Million | -11.35% |
| 2019-12-31 | $148.94 Million | -11.56% |
| 2018-12-31 | $168.41 Million | -7.23% |
| 2017-12-31 | $181.54 Million | +36.75% |
| 2016-12-31 | $132.75 Million | -8.56% |
| 2015-12-31 | $145.18 Million | -15.63% |
| 2014-12-31 | $172.07 Million | -7.90% |
| 2013-12-31 | $186.84 Million | +61.07% |
| 2012-12-31 | $116.00 Million | +3.88% |
| 2011-12-31 | $111.67 Million | +8.68% |
| 2010-12-31 | $102.75 Million | +18.20% |
| 2009-12-31 | $86.93 Million | +17.27% |
| 2008-12-31 | $74.13 Million | +23.43% |
| 2007-12-31 | $60.06 Million | +18.87% |
| 2006-12-31 | $50.53 Million | +9.94% |
| 2005-12-31 | $45.96 Million | +40.23% |
| 2004-12-31 | $32.77 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to PHX Energy Services Corp'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 633.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $250.50 Million | 112.73% |
| Total Equity | $222.21 Million | 100.00% |
PHX Energy Services Corp Competitors by Market Cap
The table below lists competitors of PHX Energy Services Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mo-BRUK S.A
PINK:MBRFF
|
$194.61 Million |
|
ADLINK Technology Inc
TW:6166
|
$194.63 Million |
|
MI Technovation Bhd
KLSE:5286
|
$194.63 Million |
|
Shenzhen TVT Digital Technology Co Ltd
SHE:002835
|
$194.68 Million |
|
Guangzhou Shangpin Home Collection Co Ltd
SHE:300616
|
$194.47 Million |
|
Jiangsu Liance Electromechanical Technology Co. Ltd. A
SHG:688113
|
$194.47 Million |
|
Suzhou Xingye Material Tech
SHG:603928
|
$194.39 Million |
|
Octave Specialty Group, Inc.
NYSE:OSG
|
$194.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PHX Energy Services Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 209,969,000 to 222,205,000, a change of 12,236,000 (5.8%).
- Net income of 54,622,000 contributed positively to equity growth.
- Dividend payments of 37,570,000 reduced retained earnings.
- Other factors decreased equity by 4,816,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $54.62 Million | +24.58% |
| Dividends Paid | $37.57 Million | -16.91% |
| Other Changes | $-4.82 Million | -2.17% |
| Total Change | $- | 5.83% |
Book Value vs Market Value Analysis
This analysis compares PHX Energy Services Corp'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: 1.10x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.73x to 1.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $3.11 | $5.38 | x |
| 2018-12-31 | $2.91 | $5.38 | x |
| 2019-12-31 | $2.80 | $5.38 | x |
| 2020-12-31 | $2.61 | $5.38 | x |
| 2021-12-31 | $2.80 | $5.38 | x |
| 2022-12-31 | $3.48 | $5.38 | x |
| 2023-12-31 | $4.44 | $5.38 | x |
| 2024-12-31 | $4.88 | $5.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PHX Energy Services Corp 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): 24.58%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.28%
- • Asset Turnover: 1.56x
- • Equity Multiplier: 1.90x
- Recent ROE (24.58%) is above the historical average (12.30%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 16.09% | 14.46% | 0.83x | 1.33x | $1.99 Million |
| 2005 | 26.24% | 20.24% | 1.01x | 1.28x | $7.47 Million |
| 2006 | 35.03% | 20.77% | 1.27x | 1.33x | $12.65 Million |
| 2007 | 30.43% | 15.76% | 1.35x | 1.43x | $12.27 Million |
| 2008 | 28.31% | 15.54% | 1.23x | 1.48x | $13.57 Million |
| 2009 | 12.47% | 9.95% | 1.00x | 1.26x | $2.15 Million |
| 2010 | 16.60% | 8.62% | 1.11x | 1.73x | $6.78 Million |
| 2011 | 16.14% | 7.08% | 1.18x | 1.93x | $6.87 Million |
| 2012 | 15.38% | 5.87% | 1.14x | 2.30x | $6.25 Million |
| 2013 | 18.42% | 9.61% | 1.09x | 1.77x | $15.74 Million |
| 2014 | 11.00% | 4.22% | 1.32x | 1.98x | $1.72 Million |
| 2015 | -21.15% | -14.82% | 0.98x | 1.46x | $-45.22 Million |
| 2016 | -26.08% | -31.35% | 0.60x | 1.39x | $-47.89 Million |
| 2017 | -10.33% | -9.76% | 0.78x | 1.36x | $-36.91 Million |
| 2018 | -8.25% | -5.97% | 0.88x | 1.57x | $-30.73 Million |
| 2019 | -1.49% | -0.61% | 1.31x | 1.86x | $-17.11 Million |
| 2020 | -5.89% | -3.32% | 1.08x | 1.64x | $-20.97 Million |
| 2021 | 16.90% | 6.49% | 1.33x | 1.95x | $9.28 Million |
| 2022 | 16.82% | 5.55% | 1.43x | 2.12x | $12.07 Million |
| 2023 | 46.95% | 15.02% | 1.70x | 1.84x | $77.58 Million |
| 2024 | 24.58% | 8.28% | 1.56x | 1.90x | $32.40 Million |
Industry Comparison
This section compares PHX Energy Services Corp's net assets metrics with peer companies in the Oil & Gas Drilling industry.
Industry Context
- Industry: Oil & Gas Drilling
- Average net assets among peers: $168,298,265
- Average return on equity (ROE) among peers: -7.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PHX Energy Services Corp (PHXHF) | $221.84 Million | 16.09% | 0.94x | $194.54 Million |
| Agri-Dynamics Inc (AGDY) | $-371.31K | 0.00% | 0.00x | $39.23 |
| AKITA Drilling Ltd (AKTAF) | $124.93 Million | 16.71% | 0.30x | $37.79 Million |
| Archer Limited (ARHVF) | $556.89 Million | 2.23% | 0.75x | $127.09 Million |
| Awilco Drilling PLC (AWLCF) | $-126.95 Million | 0.00% | 0.00x | $16.95 Million |
| Borr Drilling Ltd (BORR) | $993.30 Million | 8.27% | 2.44x | $1.19 Billion |
| Beard Co (BRCOQ) | $10.00 Million | -4.00% | 0.46x | $0.94 |
| Cathedral Energy Services Ltd (CETEF) | $90.77 Million | -6.37% | 0.50x | $68.91 Million |
| EP3Oil, Inc. (EEEP) | $7.39 Million | -22.45% | 0.56x | $101.31 |
| Enseco Energy Services Corp (ENSRF) | $22.49 Million | 0.00% | 0.05x | $0.97 |
| EnerNorth Industries Inc (ENYNF) | $4.54 Million | -66.24% | 2.35x | $0.92 |