Carbon Energy Corporation
Carbon Energy Corporation, an independent oil and natural gas company, engages in the development and production of oil- and natural-gas-producing properties in the Ventura Basin of California. The company was formerly known as Carbon Natural Gas Company and changed its name to Carbon Energy Corporation in June 2018. Carbon Energy Corporation is based in Lakewood, Colorado.
Carbon Energy Corporation (CRBO) - Net Assets
Latest net assets as of June 2020: $53.30 Million USD
Based on the latest financial reports, Carbon Energy Corporation (CRBO) has net assets worth $53.30 Million USD as of June 2020.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($140.27 Million) and total liabilities ($86.97 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 | $53.30 Million |
| % of Total Assets | 38.0% |
| Annual Growth Rate | 23.58% |
| 5-Year Change | 288.09% |
| 10-Year Change | 428348.57% |
| Growth Volatility | 43458.4 |
Carbon Energy Corporation - Net Assets Trend (1999–2019)
This chart illustrates how Carbon Energy Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Carbon Energy Corporation (1999–2019)
The table below shows the annual net assets of Carbon Energy Corporation from 1999 to 2019.
| Year | Net Assets | Change |
|---|---|---|
| 2019-12-31 | $76.22 Million | +0.24% |
| 2018-12-31 | $76.03 Million | +360.93% |
| 2017-12-31 | $16.50 Million | +83.84% |
| 2016-12-31 | $8.97 Million | -54.31% |
| 2015-12-31 | $19.64 Million | -28.40% |
| 2014-12-31 | $27.43 Million | +22.21% |
| 2013-12-31 | $22.45 Million | +29.13% |
| 2012-12-31 | $17.38 Million | -49.82% |
| 2011-12-31 | $34.64 Million | +194627.37% |
| 2009-12-31 | $17.79K | -66.92% |
| 2008-12-31 | $53.77K | -38.62% |
| 2007-12-31 | $87.60K | -26.03% |
| 2006-12-31 | $118.43K | -26.51% |
| 2005-12-31 | $161.15K | -82.25% |
| 2004-12-31 | $908.04K | -7.23% |
| 2003-12-31 | $978.75K | -23.38% |
| 2002-12-31 | $1.28 Million | -7.75% |
| 2001-12-31 | $1.38 Million | -4.10% |
| 2000-12-31 | $1.44 Million | +30.76% |
| 1999-12-31 | $1.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Carbon Energy Corporation'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 10854.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2019)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $78.00K | 0.16% |
| Other Components | $85.83 Million | 171.43% |
| Total Equity | $50.07 Million | 100.00% |
Carbon Energy Corporation Competitors by Market Cap
The table below lists competitors of Carbon Energy Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AZUL4F
SA:AZUL4F
|
$1.25K |
|
HYDROGEN PRO ASA NK -02
F:R6Z
|
$1.25K |
|
River Road Resources Ltd.
V:RRRL
|
$1.25K |
|
UBLPakistanETF XD
KAR:UBLPETF
|
$1.25K |
|
Trucknet Enterprise Ltd
TA:TRAN
|
$1.24K |
|
Tourism Urbanization
EGX:TOUR
|
$1.24K |
|
YTC RESOURCES
BE:YTR
|
$1.24K |
|
XL AXIATA (E5F.SG)
STU:E5F
|
$1.24K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Carbon Energy Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2018 to 2019, total equity changed from 47,751,000 to 50,071,000, a change of 2,320,000 (4.9%).
- Net loss of 1,001,000 reduced equity.
- Share repurchases of 225,000 reduced equity.
- Other comprehensive income increased equity by 1,000.
- Other factors increased equity by 3,545,000.
Equity Change Factors (2018 to 2019)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.00 Million | -2.0% |
| Share Repurchases | $225.00K | -0.45% |
| Other Comprehensive Income | $1.00K | +0.0% |
| Other Changes | $3.54 Million | +7.08% |
| Total Change | $- | 4.86% |
Book Value vs Market Value Analysis
This analysis compares Carbon Energy Corporation'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: 0.01x
- 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 |
|---|---|---|---|
| 1999-12-31 | $224.40 | $0.25 | x |
| 2000-12-31 | $293.43 | $0.25 | x |
| 2001-12-31 | $281.39 | $0.25 | x |
| 2002-12-31 | $259.58 | $0.25 | x |
| 2003-12-31 | $198.89 | $0.25 | x |
| 2004-12-31 | $184.52 | $0.25 | x |
| 2005-12-31 | $32.52 | $0.25 | x |
| 2006-12-31 | $21.22 | $0.25 | x |
| 2007-12-31 | $14.59 | $0.25 | x |
| 2008-12-31 | $8.29 | $0.25 | x |
| 2009-12-31 | $2.74 | $0.25 | x |
| 2011-12-31 | $30.47 | $0.25 | x |
| 2012-12-31 | $10.19 | $0.25 | x |
| 2013-12-31 | $13.25 | $0.25 | x |
| 2014-12-31 | $17.12 | $0.25 | x |
| 2015-12-31 | $13.00 | $0.25 | x |
| 2016-12-31 | $5.20 | $0.25 | x |
| 2017-12-31 | $9.09 | $0.25 | x |
| 2018-12-31 | $24.37 | $0.25 | x |
| 2019-12-31 | $24.74 | $0.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Carbon Energy Corporation 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): -2.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.86%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 5.96x
- Recent ROE (-2.00%) is above the historical average (-61.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | -3.54% | -68.06% | 0.05x | 1.02x | $-149.52K |
| 2000 | 25.80% | 78.98% | 0.32x | 1.01x | $228.20K |
| 2001 | -6.65% | -234.81% | 0.02x | 1.16x | $-230.58K |
| 2002 | -8.40% | 0.00% | 0.00x | 1.10x | $-235.08K |
| 2003 | -10.08% | 0.00% | 0.00x | 1.02x | $-196.52K |
| 2004 | -7.79% | -3307.67% | 0.00x | 1.02x | $-161.52K |
| 2005 | -451.05% | -16550.20% | 0.02x | 1.32x | $-743.00K |
| 2006 | -80.77% | -1709.40% | 0.04x | 1.13x | $-107.50K |
| 2007 | -715.62% | -17638.72% | 0.04x | 1.05x | $-635.64K |
| 2008 | -57.09% | -1396.13% | 0.04x | 1.09x | $-36.08K |
| 2009 | 358.43% | 63.76% | 3.80x | 1.48x | $61.98K |
| 2011 | -53.75% | -164.85% | 0.17x | 1.96x | $-18.97 Million |
| 2012 | -110.21% | -130.45% | 0.30x | 2.82x | $-17.18 Million |
| 2013 | 22.09% | 23.00% | 0.40x | 2.41x | $2.35 Million |
| 2014 | 28.45% | 28.83% | 0.58x | 1.71x | $4.50 Million |
| 2015 | -47.85% | -71.06% | 0.36x | 1.89x | $-10.03 Million |
| 2016 | -174.54% | -151.38% | 0.19x | 6.01x | $-13.12 Million |
| 2017 | 43.11% | 28.11% | 0.37x | 4.09x | $4.85 Million |
| 2018 | 17.60% | 15.84% | 0.17x | 6.51x | $3.63 Million |
| 2019 | -2.00% | -0.86% | 0.39x | 5.96x | $-6.01 Million |
Industry Comparison
This section compares Carbon Energy Corporation'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: $725,430,102
- Average return on equity (ROE) among peers: -4.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Carbon Energy Corporation (CRBO) | $53.30 Million | -3.54% | 1.63x | $1.25K |
| Advantage Energy Ltd. (AAVVF) | $1.46 Billion | 28.18% | 0.37x | $922.80 Million |
| ADX Energy Ltd (ADXRF) | $6.43 Million | -102.77% | 0.09x | $9.58 Million |
| ARC Resources Ltd. (AETUF) | $3.67 Billion | 10.60% | 0.70x | $10.30 Billion |
| Aminex PLC (AEXFF) | $53.12 Million | -6.15% | 0.15x | $77.17 Million |
| Aker BP ASA (AKRBF) | $1.99 Billion | 2.25% | 5.25x | $6.29 Billion |
| Arkanova Energy Corporation (AKVA) | $-11.63 Million | 0.00% | 0.00x | $4.92K |
| Allied Resources Inc (ALOD) | $1.91 Million | -8.89% | 0.28x | $428.76K |
| Altex Industries Inc (ALTX) | $1.30 Million | -5.62% | 0.84x | $1.08 Million |
| Alvopetro Energy Ltd (ALVOF) | $80.73 Million | -15.39% | 0.04x | $117.02 Million |
| AMEN Properties Inc (AMEN) | $6.15 Million | 55.97% | 0.13x | $4.80 Million |