Cardinal Energy Ltd
Cardinal Energy Ltd. engages in the acquisition, exploration, development, optimization, and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan in Canada. Cardinal Energy Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada.
Cardinal Energy Ltd (CRLFF) - Net Assets
Latest net assets as of September 2025: $890.76 Million USD
Based on the latest financial reports, Cardinal Energy Ltd (CRLFF) has net assets worth $890.76 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.40 Billion) and total liabilities ($512.23 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 | $890.76 Million |
| % of Total Assets | 63.49% |
| Annual Growth Rate | 25.3% |
| 5-Year Change | 146.28% |
| 10-Year Change | 34.95% |
| Growth Volatility | 127.38 |
Cardinal Energy Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Cardinal 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 Cardinal Energy Ltd (2012–2024)
The table below shows the annual net assets of Cardinal Energy Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $918.26 Million | -0.26% |
| 2023-12-31 | $920.69 Million | -0.51% |
| 2022-12-31 | $925.37 Million | +28.66% |
| 2021-12-31 | $719.23 Million | +92.90% |
| 2020-12-31 | $372.85 Million | -49.47% |
| 2019-12-31 | $737.90 Million | -6.90% |
| 2018-12-31 | $792.62 Million | +5.69% |
| 2017-12-31 | $749.96 Million | +15.19% |
| 2016-12-31 | $651.08 Million | -4.32% |
| 2015-12-31 | $680.45 Million | -9.02% |
| 2014-12-31 | $747.93 Million | +122.03% |
| 2013-12-31 | $336.86 Million | +449.45% |
| 2012-12-31 | $61.31 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cardinal 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 20261300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.11 Billion | 121.42% |
| Other Components | $9.73 Million | 1.06% |
| Total Equity | $918.26 Million | 100.00% |
Cardinal Energy Ltd Competitors by Market Cap
The table below lists competitors of Cardinal Energy Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yiwu Huading Nylon Co Ltd
SHG:601113
|
$500.88 Million |
|
Oriental Times Media Corp
SHE:002175
|
$500.93 Million |
|
IRB-Brasil Resseguros S.A.
SA:IRBR3
|
$501.04 Million |
|
Jiangsu Rongtai Industry Co. Ltd.
SHG:605133
|
$501.18 Million |
|
Norte Grande
SN:NORTEGRAN
|
$500.82 Million |
|
Zhejiang Sanwei Rubber Item Co
SHG:603033
|
$500.76 Million |
|
Lungyen Life Service
TWO:5530
|
$500.69 Million |
|
Raksul Inc.
PINK:RKSLF
|
$500.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cardinal Energy Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 920,688,000 to 918,259,000, a change of -2,429,000 (-0.3%).
- Net income of 108,354,000 contributed positively to equity growth.
- Dividend payments of 115,909,000 reduced retained earnings.
- Share repurchases of 6,183,000 reduced equity.
- Other factors increased equity by 11,309,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $108.35 Million | +11.8% |
| Dividends Paid | $115.91 Million | -12.62% |
| Share Repurchases | $6.18 Million | -0.67% |
| Other Changes | $11.31 Million | +1.23% |
| Total Change | $- | -0.26% |
Book Value vs Market Value Analysis
This analysis compares Cardinal 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: 0.70x
- 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 2.29x to 0.70x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $1.76 | $4.02 | x |
| 2013-12-31 | $25.87 | $4.02 | x |
| 2014-12-31 | $16.66 | $4.02 | x |
| 2015-12-31 | $11.56 | $4.02 | x |
| 2016-12-31 | $9.29 | $4.02 | x |
| 2017-12-31 | $7.97 | $4.02 | x |
| 2018-12-31 | $6.85 | $4.02 | x |
| 2019-12-31 | $6.40 | $4.02 | x |
| 2020-12-31 | $3.29 | $4.02 | x |
| 2021-12-31 | $4.65 | $4.02 | x |
| 2022-12-31 | $5.86 | $4.02 | x |
| 2023-12-31 | $5.75 | $4.02 | x |
| 2024-12-31 | $5.72 | $4.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cardinal 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): 11.80%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.73%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.41x
- Recent ROE (11.80%) is above the historical average (-1.76%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -6.23% | -95.86% | 0.05x | 1.34x | $-9.95 Million |
| 2013 | 10.45% | 98.46% | 0.09x | 1.20x | $1.51 Million |
| 2014 | 7.19% | 26.03% | 0.23x | 1.22x | $-20.99 Million |
| 2015 | -14.09% | -53.85% | 0.18x | 1.42x | $-163.94 Million |
| 2016 | -13.41% | -44.57% | 0.21x | 1.45x | $-152.43 Million |
| 2017 | -7.68% | -18.35% | 0.26x | 1.64x | $-132.59 Million |
| 2018 | 7.64% | 15.79% | 0.32x | 1.52x | $-18.72 Million |
| 2019 | -4.65% | -8.77% | 0.34x | 1.56x | $-108.13 Million |
| 2020 | -97.40% | -160.37% | 0.30x | 2.01x | $-400.44 Million |
| 2021 | 39.54% | 63.38% | 0.42x | 1.50x | $212.49 Million |
| 2022 | 32.71% | 40.80% | 0.64x | 1.25x | $210.15 Million |
| 2023 | 11.25% | 21.53% | 0.41x | 1.29x | $11.53 Million |
| 2024 | 11.80% | 17.73% | 0.47x | 1.41x | $16.53 Million |
Industry Comparison
This section compares Cardinal 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: $1,751,793,864
- Average return on equity (ROE) among peers: -1.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cardinal Energy Ltd (CRLFF) | $890.76 Million | -6.23% | 0.58x | $500.82 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 |