Africa Energy Corp
Africa Energy Corp. operates as an oil and gas exploration company in South Africa. It focuses on potential gas condensate development on Block 11B/12B in offshore South Africa. The company was formerly known as Horn Petroleum Corporation and changed its name to Africa Energy Corp. in March 2015. Africa Energy Corp. is based in Vancouver, Canada.
Africa Energy Corp (HPMCF) - Net Assets
Latest net assets as of September 2025: $44.02 Million USD
Based on the latest financial reports, Africa Energy Corp (HPMCF) has net assets worth $44.02 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 ($44.26 Million) and total liabilities ($237.00K). 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 | $44.02 Million |
| % of Total Assets | 99.46% |
| Annual Growth Rate | -6.37% |
| 5-Year Change | -86.82% |
| 10-Year Change | 367.45% |
| Growth Volatility | 182.09 |
Africa Energy Corp - Net Assets Trend (2011–2024)
This chart illustrates how Africa Energy Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Africa Energy Corp (2011–2024)
The table below shows the annual net assets of Africa Energy Corp from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $31.92 Million | -75.79% |
| 2023-12-31 | $131.85 Million | -47.06% |
| 2022-12-31 | $249.03 Million | -6.22% |
| 2021-12-31 | $265.56 Million | +9.63% |
| 2020-12-31 | $242.24 Million | +484.49% |
| 2019-12-31 | $41.44 Million | -6.28% |
| 2018-12-31 | $44.22 Million | +264.81% |
| 2017-12-31 | $12.12 Million | -27.28% |
| 2016-12-31 | $16.67 Million | +144.11% |
| 2015-12-31 | $6.83 Million | +420.90% |
| 2014-12-31 | $1.31 Million | -98.60% |
| 2013-12-31 | $93.33 Million | +2.93% |
| 2012-12-31 | $90.67 Million | +20.73% |
| 2011-12-31 | $75.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Africa Energy Corp'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 34076655600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $360.61 Million | 1129.67% |
| Other Components | $13.39 Million | 41.96% |
| Total Equity | $31.92 Million | 100.00% |
Africa Energy Corp Competitors by Market Cap
The table below lists competitors of Africa Energy Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Asuransi Jiwa Syariah Jasa Mitra Abadi Tbk PT
JK:JMAS
|
$3.61 Million |
|
GPO Plus Inc
OTCQB:GPOX
|
$3.61 Million |
|
Kesla Oyj A
HE:KELAS
|
$3.61 Million |
|
Combigene AB
ST:COMBI
|
$3.61 Million |
|
BELIMO HLDG N
BE:B9H
|
$3.61 Million |
|
Fab-Form Industries Ltd.
V:FBF
|
$3.61 Million |
|
Emergent Metals Corp
V:EMR
|
$3.60 Million |
|
Namibia Critical Metals Inc
PINK:NMREF
|
$3.60 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Africa Energy Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 131,171,436 to 31,922,000, a change of -99,249,436 (-75.7%).
- Net loss of 95,784,000 reduced equity.
- Other factors decreased equity by 3,465,436.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-95.78 Million | -300.06% |
| Other Changes | $-3.47 Million | -10.86% |
| Total Change | $- | -75.66% |
Book Value vs Market Value Analysis
This analysis compares Africa Energy Corp'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: 1.10x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.01x to 1.10x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | $3.54 | $0.03 | x |
| 2012-12-31 | $1.03 | $0.03 | x |
| 2013-12-31 | $0.96 | $0.03 | x |
| 2014-12-31 | $0.01 | $0.03 | x |
| 2015-12-31 | $0.06 | $0.03 | x |
| 2016-12-31 | $0.06 | $0.03 | x |
| 2017-12-31 | $0.04 | $0.03 | x |
| 2018-12-31 | $0.08 | $0.03 | x |
| 2019-12-31 | $0.06 | $0.03 | x |
| 2020-12-31 | $0.28 | $0.03 | x |
| 2021-12-31 | $0.19 | $0.03 | x |
| 2022-12-31 | $0.18 | $0.03 | x |
| 2023-12-31 | $0.09 | $0.03 | x |
| 2024-12-31 | $0.02 | $0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Africa Energy Corp 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): -300.06%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.33x
- Recent ROE (-300.06%) is above the historical average (-541.78%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | -1.46% | 0.00% | 0.00x | 1.10x | $-8.61 Million |
| 2012 | 3.29% | 0.00% | 0.00x | 1.08x | $-6.09 Million |
| 2013 | 2.29% | 0.00% | 0.00x | 1.00x | $-7.20 Million |
| 2014 | -7044.09% | 0.00% | 0.00x | 1.35x | $-92.48 Million |
| 2015 | -46.80% | 0.00% | 0.00x | 1.08x | $-3.88 Million |
| 2016 | -25.18% | 0.00% | 0.00x | 1.03x | $-5.87 Million |
| 2017 | -39.14% | 0.00% | 0.00x | 1.44x | $-5.96 Million |
| 2018 | -29.59% | 0.00% | 0.00x | 1.00x | $-17.51 Million |
| 2019 | -10.90% | 0.00% | 0.00x | 1.01x | $-8.66 Million |
| 2020 | -1.76% | 0.00% | 0.00x | 1.01x | $-28.49 Million |
| 2021 | 8.12% | 0.00% | 0.00x | 1.01x | $-4.99 Million |
| 2022 | -8.34% | 0.00% | 0.00x | 1.03x | $-45.68 Million |
| 2023 | -91.31% | 0.00% | 0.00x | 1.06x | $-132.89 Million |
| 2024 | -300.06% | 0.00% | 0.00x | 1.33x | $-98.98 Million |
Industry Comparison
This section compares Africa Energy Corp'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 |
|---|---|---|---|---|
| Africa Energy Corp (HPMCF) | $44.02 Million | -1.46% | 0.01x | $3.61 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 |