Bluefire
BlueFire Equipment Corporation designs and manufactures drill bits for use in the exploration and production of oil and gas in the United States. It sells and leases polycrystalline diamond cutter (PDC) drill bits to drilling contractors and oil and gas companies, as well as provides repair and after sale services. The company was founded in 2008 and is headquartered in Houston, Texas.
Bluefire (BLFR) - Net Assets
Latest net assets as of September 2024: $277.64 Million USD
Based on the latest financial reports, Bluefire (BLFR) has net assets worth $277.64 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 ($283.07 Million) and total liabilities ($5.43 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 | $277.64 Million |
| % of Total Assets | 98.08% |
| Annual Growth Rate | 52.03% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 223.45 |
Bluefire - Net Assets Trend (2010–2022)
This chart illustrates how Bluefire's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Bluefire (2010–2022)
The table below shows the annual net assets of Bluefire from 2010 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $2.65 Million | +439.33% |
| 2018-12-31 | $-782.25K | +13.07% |
| 2017-12-31 | $-899.85K | -25.76% |
| 2016-12-31 | $-715.51K | -842.73% |
| 2012-12-31 | $-75.90K | -403.05% |
| 2011-12-31 | $25.05K | +43.85% |
| 2010-12-31 | $17.41K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bluefire'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 3870.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $3.40K | 0.13% |
| Other Comprehensive Income | $-3.39K | -0.13% |
| Other Components | $2.88 Million | 108.63% |
| Total Equity | $2.65 Million | 100.00% |
Bluefire Competitors by Market Cap
The table below lists competitors of Bluefire ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
OLYMPIA CAPITAL HOLDINGS LTD
XNAI:OCH
|
$568.31 |
|
Oneiro Energy PLC
LSE:ONE
|
$568.76 |
|
MyHealthChecked Plc
LSE:MHC
|
$569.81 |
|
Bisichi Mining PLC
LSE:BISI
|
$571.59 |
|
Aperture Health Inc
PINK:ELNX
|
$567.29 |
|
One2tribe S.A.
WAR:O2T
|
$566.95 |
|
Molecular Templates Inc
OTCMKTS:MTEM
|
$566.58 |
|
Enka de Colombia S.A.: ENKA
CM:ENKA
|
$565.94 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bluefire's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from -5,000 to 2,654,397, a change of 2,659,397.
- Net loss of 128,718 reduced equity.
- Other comprehensive income increased equity by 1.
- Other factors increased equity by 2,788,114.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-128.72K | -4.85% |
| Other Comprehensive Income | $1.00 | +0.0% |
| Other Changes | $2.79 Million | +105.04% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Bluefire'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: 0.77x
- 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 116.99x to 0.77x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | $0.00 | $0.06 | x |
| 2011-12-31 | $0.00 | $0.06 | x |
| 2012-12-31 | $0.00 | $0.06 | x |
| 2016-12-31 | $-0.02 | $0.06 | x |
| 2017-12-31 | $-0.03 | $0.06 | x |
| 2018-12-31 | $-0.02 | $0.06 | x |
| 2019-12-31 | $-0.01 | $0.06 | x |
| 2020-12-31 | $-0.01 | $0.06 | x |
| 2021-12-31 | $0.00 | $0.06 | x |
| 2022-12-31 | $0.08 | $0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bluefire 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): -4.85%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -567.87%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.16x
- Recent ROE (-4.85%) is below the historical average (0.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 52.80% | 9.02% | 2.18x | 2.68x | $7.45K |
| 2011 | -43.20% | -14.35% | 0.31x | 9.84x | $-12.84K |
| 2012 | 0.00% | -326.49% | 0.35x | 0.00x | $-159.99K |
| 2016 | 0.00% | -57.66% | 2.33x | 0.00x | $-43.45K |
| 2017 | 0.00% | -121.53% | 1.84x | 0.00x | $-94.35K |
| 2018 | 0.00% | -132.54% | 0.99x | 0.00x | $7.77K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $23.82K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $11.30K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $1.01 Million |
| 2022 | -4.85% | -567.87% | 0.01x | 1.16x | $-394.16K |
Industry Comparison
This section compares Bluefire's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $36,677,338
- Average return on equity (ROE) among peers: -64.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bluefire (BLFR) | $277.64 Million | 52.80% | 0.02x | $567.72 |
| Artius II Acquisition Inc. Class A Ordinary Shares (AACB) | $-60.27K | 0.00% | 0.00x | $198.37 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $205.28 Million |
| Ares Acquisition Corporation II (AACT-UN) | $931.34 Million | 0.00% | 0.08x | $399.77 Million |
| AA Mission Acquisition Corp. (AAM-UN) | $-559.90 Million | 0.00% | 0.00x | $349.76 Million |
| Global Acquisitions Corporation (AASP) | $3.80 Million | -5.26% | 0.34x | $15.42 Million |
| ABV Consulting Inc (ABVN) | $8.75K | -623.31% | 2.50x | $461.96K |
| Atlantic Coastal Acquisition Corp II (ACAB) | $-8.52 Million | 0.00% | 0.00x | $2.44 Million |
| Annabidiol Corp (ACBD) | $-501.57K | 0.00% | 0.00x | $13.62K |
| ACRO Biomedical Co Ltd (ACBM) | $685.87K | -17.12% | 0.46x | $30.04K |
| Huaizhong Health Group Inc (ADAD) | $-19.47K | 0.00% | 0.00x | $3.15K |