TAG Oil Ltd.
TAG Oil Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas in Canada, the Middle East, and North Africa. The company was formerly known as Durum Cons. Energy Corp. and changed its name to TAG Oil Ltd. in June 2002. The company was incorporated in 1990 and is headquartered in Vancouver, Canada.
TAG Oil Ltd. (TAOIF) - Net Assets
Latest net assets as of December 2024: $49.35 Million USD
Based on the latest financial reports, TAG Oil Ltd. (TAOIF) has net assets worth $49.35 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($55.09 Million) and total liabilities ($5.74 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 | $49.35 Million |
| % of Total Assets | 89.59% |
| Annual Growth Rate | 14.3% |
| 5-Year Change | -12.36% |
| 10-Year Change | -64.0% |
| Growth Volatility | 826.92 |
TAG Oil Ltd. - Net Assets Trend (2000–2025)
This chart illustrates how TAG Oil 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 TAG Oil Ltd. (2000–2025)
The table below shows the annual net assets of TAG Oil Ltd. from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $49.35 Million | +26.50% |
| 2023-03-31 | $39.01 Million | +126.48% |
| 2022-03-31 | $17.23 Million | -13.86% |
| 2021-03-31 | $20.00 Million | -64.49% |
| 2020-03-31 | $56.31 Million | -7.88% |
| 2019-03-31 | $61.12 Million | -51.06% |
| 2018-03-31 | $124.90 Million | +1.70% |
| 2017-03-31 | $122.81 Million | +3495.98% |
| 2016-03-31 | $3.42 Million | -97.51% |
| 2015-03-31 | $137.08 Million | -39.21% |
| 2014-03-31 | $225.49 Million | +19.61% |
| 2013-03-31 | $188.53 Million | +40.06% |
| 2012-03-31 | $134.61 Million | +37.26% |
| 2011-03-31 | $98.07 Million | +473.48% |
| 2010-03-31 | $17.10 Million | +82.36% |
| 2009-03-31 | $9.38 Million | +628.07% |
| 2001-03-31 | $1.29 Million | -26.23% |
| 2000-03-31 | $1.75 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TAG Oil 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 23950600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $288.86 Million | 585.33% |
| Total Equity | $49.35 Million | 100.00% |
TAG Oil Ltd. Competitors by Market Cap
The table below lists competitors of TAG Oil Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sahacogen (Chonburi) Public Company Limited
BK:SCG
|
$11.35 Million |
|
Les Docks des Pétroles d'Ambès -SA
PA:DPAM
|
$11.35 Million |
|
AIR INDUSTRIES GR.DL-001
F:YH1
|
$11.35 Million |
|
First Au Ltd
AU:FAU
|
$11.35 Million |
|
Ree Automotive Holding Inc
NASDAQ:REE
|
$11.34 Million |
|
FINEDIGITAL Inc
KQ:038950
|
$11.34 Million |
|
Balta Group
LSE:0RQK
|
$11.34 Million |
|
Daidong Elec
KO:008110
|
$11.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TAG Oil Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2025, total equity changed from 39,012,000 to 49,349,000, a change of 10,337,000 (26.5%).
- Net loss of 6,331,000 reduced equity.
- New share issuances of 6,816,000 increased equity.
- Other factors increased equity by 9,852,000.
Equity Change Factors (2023 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-6.33 Million | -12.83% |
| Share Issuances | $6.82 Million | +13.81% |
| Other Changes | $9.85 Million | +19.96% |
| Total Change | $- | 26.50% |
Book Value vs Market Value Analysis
This analysis compares TAG Oil 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: 0.30x
- 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 |
|---|---|---|---|
| 2016-03-31 | $0.00 | $0.07 | x |
| 2017-03-31 | $1.42 | $0.07 | x |
| 2018-03-31 | $1.46 | $0.07 | x |
| 2019-03-31 | $0.72 | $0.07 | x |
| 2020-03-31 | $0.66 | $0.07 | x |
| 2021-03-31 | $0.22 | $0.07 | x |
| 2022-03-31 | $0.19 | $0.07 | x |
| 2023-03-31 | $0.25 | $0.07 | x |
| 2025-03-31 | $0.22 | $0.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TAG Oil 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): -12.83%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -732.75%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 1.12x
- Recent ROE (-12.83%) is above the historical average (-18.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 0.00% | 0.00% | 0.36x | 1.11x | $-937.75K |
| 2010 | 0.00% | 0.00% | 0.22x | 1.22x | $-1.71 Million |
| 2011 | 0.00% | 0.00% | 0.09x | 1.11x | $-9.81 Million |
| 2012 | 9.28% | 37.27% | 0.22x | 1.12x | $-969.72K |
| 2013 | 2.66% | 12.88% | 0.19x | 1.10x | $-13.79 Million |
| 2014 | 3.18% | 14.87% | 0.19x | 1.15x | $-14.91 Million |
| 2015 | -41.16% | -153.18% | 0.23x | 1.18x | $-67.50 Million |
| 2016 | -106.72% | -361.61% | 0.24x | 1.25x | $-3.81 Million |
| 2017 | 21.87% | 113.43% | 0.16x | 1.20x | $14.37 Million |
| 2018 | 3.07% | 16.19% | 0.16x | 1.16x | $-8.66 Million |
| 2019 | -98.63% | -181.37% | 0.40x | 1.34x | $-66.39 Million |
| 2020 | 14.09% | 48.24% | 0.29x | 1.02x | $2.30 Million |
| 2021 | -59.80% | 0.00% | 0.00x | 1.03x | $-13.96 Million |
| 2022 | -17.86% | 0.00% | 0.00x | 1.06x | $-4.80 Million |
| 2023 | -7.70% | 0.00% | 0.00x | 1.05x | $-6.90 Million |
| 2025 | -12.83% | -732.75% | 0.02x | 1.12x | $-11.27 Million |
Industry Comparison
This section compares TAG Oil 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 |
|---|---|---|---|---|
| TAG Oil Ltd. (TAOIF) | $49.35 Million | 0.00% | 0.12x | $11.35 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 |