Advantage Energy Ltd.
Advantage Energy Ltd., together with its subsidiaries, engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada. The company was formerly known as Advantage Oil & Gas Ltd. and changed its name to Advantage Energy Ltd. in May 2021. Advantage Energy Ltd. was founded in 2001 and is headquartered in… Read more
Advantage Energy Ltd. (AAVVF) - Net Assets
Latest net assets as of September 2025: $1.68 Billion USD
Based on the latest financial reports, Advantage Energy Ltd. (AAVVF) has net assets worth $1.68 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.03 Billion) and total liabilities ($1.35 Billion). 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 | $1.68 Billion |
| % of Total Assets | 55.41% |
| Annual Growth Rate | 0.64% |
| 5-Year Change | 57.11% |
| 10-Year Change | 45.65% |
| Growth Volatility | 58.68 |
Advantage Energy Ltd. - Net Assets Trend (1985–2024)
This chart illustrates how Advantage 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 Advantage Energy Ltd. (1985–2024)
The table below shows the annual net assets of Advantage Energy Ltd. from 1985 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.63 Billion | +5.00% |
| 2023-12-31 | $1.56 Billion | -0.53% |
| 2022-12-31 | $1.56 Billion | +7.16% |
| 2021-12-31 | $1.46 Billion | +40.37% |
| 2020-12-31 | $1.04 Billion | -20.97% |
| 2019-12-31 | $1.32 Billion | -1.21% |
| 2018-12-31 | $1.33 Billion | +1.56% |
| 2017-12-31 | $1.31 Billion | +8.56% |
| 2016-12-31 | $1.21 Billion | +7.69% |
| 2015-12-31 | $1.12 Billion | +2.52% |
| 2014-12-31 | $1.09 Billion | -9.14% |
| 2013-12-31 | $1.20 Billion | -0.36% |
| 2012-12-31 | $1.21 Billion | -2.44% |
| 2011-12-31 | $1.24 Billion | +2.54% |
| 2010-12-31 | $1.21 Billion | -2.23% |
| 2009-12-31 | $1.24 Billion | +2.26% |
| 2008-12-31 | $1.21 Billion | -12.35% |
| 2007-12-31 | $1.38 Billion | +18.40% |
| 2006-12-31 | $1.16 Billion | +176.31% |
| 2005-12-31 | $421.46 Million | -21.92% |
| 2004-12-31 | $539.81 Million | +67.57% |
| 2003-12-31 | $322.14 Million | +75.03% |
| 2002-12-31 | $184.05 Million | +36.78% |
| 2001-12-31 | $134.56 Million | +268.80% |
| 2000-12-31 | $36.49 Million | -65.19% |
| 1997-12-31 | $104.81 Million | -8.37% |
| 1996-12-31 | $114.38 Million | -79.01% |
| 1995-12-31 | $544.85 Million | -22.22% |
| 1994-12-31 | $700.53 Million | +1.56% |
| 1993-12-31 | $689.77 Million | +6.33% |
| 1992-12-31 | $648.72 Million | -10.93% |
| 1991-12-31 | $728.31 Million | +28.64% |
| 1990-12-31 | $566.18 Million | -36.97% |
| 1989-12-31 | $898.29 Million | +9.85% |
| 1988-12-31 | $817.74 Million | -6.24% |
| 1987-12-31 | $872.19 Million | -10.46% |
| 1986-12-31 | $974.06 Million | -23.58% |
| 1985-12-31 | $1.27 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Advantage 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 167.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.99 Billion | 121.62% |
| Other Comprehensive Income | $12.86 Million | 0.79% |
| Other Components | $194.82 Million | 11.91% |
| Total Equity | $1.64 Billion | 100.00% |
Advantage Energy Ltd. Competitors by Market Cap
The table below lists competitors of Advantage Energy Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hainan Shennong Technology Co Ltd
SHE:300189
|
$922.87 Million |
|
Jiangsu Tongrun Equipment Technology Co Ltd
SHE:002150
|
$923.03 Million |
|
Shenzhen Cotran New Material Co Ltd Class A
SHE:300731
|
$923.28 Million |
|
Shikun & Binui Ltd
PINK:SKBNF
|
$923.33 Million |
|
Appian Corp
NASDAQ:APPN
|
$922.61 Million |
|
Vertex
NASDAQ:VERX
|
$922.44 Million |
|
Taiwan Fertilizer Co Ltd
TW:1722
|
$922.26 Million |
|
Ningbo Jifeng Auto Parts Co
SHG:603997
|
$922.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Advantage Energy Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,556,295,000 to 1,635,656,000, a change of 79,361,000 (5.1%).
- Net income of 21,719,000 contributed positively to equity growth.
- Share repurchases of 21,739,000 reduced equity.
- New share issuances of 62,105,000 increased equity.
- Other comprehensive income increased equity by 12,858,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $21.72 Million | +1.33% |
| Share Repurchases | $21.74 Million | -1.33% |
| Share Issuances | $62.10 Million | +3.8% |
| Other Comprehensive Income | $12.86 Million | +0.79% |
| Other Changes | $4.42 Million | +0.27% |
| Total Change | $- | 5.10% |
Book Value vs Market Value Analysis
This analysis compares Advantage 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: 0.65x
- 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 increased from 0.08x to 0.65x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $78.92 | $6.42 | x |
| 1986-12-31 | $60.05 | $6.42 | x |
| 1987-12-31 | $40.43 | $6.42 | x |
| 1988-12-31 | $45.33 | $6.42 | x |
| 1989-12-31 | $41.65 | $6.42 | x |
| 1990-12-31 | $30.66 | $6.42 | x |
| 1991-12-31 | $24.70 | $6.42 | x |
| 1992-12-31 | $25.81 | $6.42 | x |
| 1993-12-31 | $27.86 | $6.42 | x |
| 1994-12-31 | $45.41 | $6.42 | x |
| 1995-12-31 | $32.17 | $6.42 | x |
| 1996-12-31 | $7.02 | $6.42 | x |
| 1997-12-31 | $7.53 | $6.42 | x |
| 2001-12-31 | $8.68 | $6.42 | x |
| 2002-12-31 | $6.24 | $6.42 | x |
| 2003-12-31 | $9.22 | $6.42 | x |
| 2004-12-31 | $13.02 | $6.42 | x |
| 2005-12-31 | $7.35 | $6.42 | x |
| 2006-12-31 | $14.34 | $6.42 | x |
| 2007-12-31 | $11.53 | $6.42 | x |
| 2008-12-31 | $8.66 | $6.42 | x |
| 2009-12-31 | $8.07 | $6.42 | x |
| 2010-12-31 | $7.34 | $6.42 | x |
| 2011-12-31 | $6.84 | $6.42 | x |
| 2012-12-31 | $6.39 | $6.42 | x |
| 2013-12-31 | $6.33 | $6.42 | x |
| 2014-12-31 | $6.41 | $6.42 | x |
| 2015-12-31 | $6.53 | $6.42 | x |
| 2016-12-31 | $6.64 | $6.42 | x |
| 2017-12-31 | $6.92 | $6.42 | x |
| 2018-12-31 | $6.98 | $6.42 | x |
| 2019-12-31 | $7.05 | $6.42 | x |
| 2020-12-31 | $5.54 | $6.42 | x |
| 2021-12-31 | $7.34 | $6.42 | x |
| 2022-12-31 | $8.06 | $6.42 | x |
| 2023-12-31 | $9.06 | $6.42 | x |
| 2024-12-31 | $9.80 | $6.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Advantage 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): 1.33%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.95%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 1.80x
- Recent ROE (1.33%) is above the historical average (-10.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | -1.67% | -0.64% | 1.17x | 2.21x | $-148.71 Million |
| 1986 | -4.28% | -0.70% | 2.16x | 2.81x | $-139.07 Million |
| 1987 | -3.49% | -0.74% | 1.75x | 2.72x | $-117.66 Million |
| 1988 | -3.90% | -0.87% | 1.69x | 2.67x | $-113.66 Million |
| 1989 | 3.05% | 0.85% | 1.75x | 2.05x | $-62.46 Million |
| 1990 | -18.18% | -3.09% | 2.72x | 2.16x | $-159.54 Million |
| 1991 | 6.68% | 0.87% | 3.02x | 2.54x | $-17.54 Million |
| 1992 | 0.15% | 0.01% | 3.11x | 3.80x | $-50.86 Million |
| 1993 | 7.57% | 0.55% | 3.55x | 3.92x | $-13.08 Million |
| 1994 | 8.68% | 0.80% | 2.91x | 3.71x | $-8.87 Million |
| 1995 | -16.32% | -1.16% | 3.48x | 4.05x | $-139.76 Million |
| 1996 | -367.98% | -2234.40% | 0.08x | 2.09x | $-396.32 Million |
| 1997 | -106.02% | -635.25% | 0.10x | 1.63x | $-120.61 Million |
| 2000 | 29.41% | 27.27% | 0.38x | 2.83x | $7.08 Million |
| 2001 | 7.11% | 24.79% | 0.16x | 1.74x | $-3.89 Million |
| 2002 | 6.57% | 12.36% | 0.24x | 2.24x | $-6.31 Million |
| 2003 | 13.67% | 26.51% | 0.29x | 1.78x | $11.81 Million |
| 2004 | 6.38% | 14.27% | 0.23x | 1.91x | $-19.52 Million |
| 2005 | 17.91% | 19.93% | 0.37x | 2.42x | $33.16 Million |
| 2006 | 4.28% | 11.87% | 0.21x | 1.70x | $-66.64 Million |
| 2007 | -0.55% | -1.35% | 0.23x | 1.76x | $-145.42 Million |
| 2008 | -1.70% | -2.77% | 0.32x | 1.91x | $-141.43 Million |
| 2009 | -6.99% | -21.30% | 0.21x | 1.56x | $-210.01 Million |
| 2010 | -3.66% | -11.95% | 0.20x | 1.53x | $-165.03 Million |
| 2011 | -13.50% | -43.00% | 0.18x | 1.74x | $-265.95 Million |
| 2012 | -8.32% | -33.14% | 0.14x | 1.79x | $-196.20 Million |
| 2013 | -0.31% | -1.17% | 0.16x | 1.64x | $-110.85 Million |
| 2014 | 1.43% | 7.28% | 0.15x | 1.33x | $-93.73 Million |
| 2015 | 1.91% | 16.16% | 0.09x | 1.35x | $-90.82 Million |
| 2016 | -1.30% | -9.72% | 0.11x | 1.24x | $-136.56 Million |
| 2017 | 7.25% | 41.01% | 0.14x | 1.29x | $-36.13 Million |
| 2018 | 0.83% | 4.89% | 0.13x | 1.33x | $-122.10 Million |
| 2019 | -1.87% | -9.78% | 0.14x | 1.38x | $-156.26 Million |
| 2020 | -27.31% | -115.90% | 0.16x | 1.47x | $-388.06 Million |
| 2021 | 28.23% | 83.64% | 0.25x | 1.37x | $265.74 Million |
| 2022 | 21.66% | 35.12% | 0.43x | 1.42x | $182.34 Million |
| 2023 | 6.53% | 19.94% | 0.22x | 1.48x | $-54.03 Million |
| 2024 | 1.33% | 3.95% | 0.19x | 1.80x | $-141.85 Million |
Industry Comparison
This section compares Advantage 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: $1,798,415,960
- Average return on equity (ROE) among peers: -1.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Advantage Energy Ltd. (AAVVF) | $1.68 Billion | -1.67% | 0.80x | $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 |