i3 Energy Plc
i3 Energy Plc, a holding company, engages in the acquisition, development, and production of oil and gas assets in the United Kingdom and Canada. The company holds the 13/23c and 13/23d blocks in Liberator field; and 75% interest in the 13/23c-10 well in the Serenity field. Its production asset base consists of approximately 850 net conventional oil, natural gas, and natural gas liquids productio… Read more
i3 Energy Plc (ITEEF) - Net Assets
Latest net assets as of June 2024: $161.96 Million USD
Based on the latest financial reports, i3 Energy Plc (ITEEF) has net assets worth $161.96 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($279.99 Million) and total liabilities ($118.03 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 | $161.96 Million |
| % of Total Assets | 57.85% |
| Annual Growth Rate | N/A |
| 5-Year Change | 414.84% |
| 10-Year Change | N/A |
| Growth Volatility | 413.6 |
i3 Energy Plc - Net Assets Trend (2016–2023)
This chart illustrates how i3 Energy Plc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for i3 Energy Plc (2016–2023)
The table below shows the annual net assets of i3 Energy Plc from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $163.00 Million | -1.06% |
| 2022-12-31 | $164.75 Million | +19.24% |
| 2021-12-31 | $138.17 Million | +88.76% |
| 2020-12-31 | $73.20 Million | +131.20% |
| 2019-12-31 | $31.66 Million | +580.08% |
| 2018-12-31 | $4.66 Million | +1142.42% |
| 2017-12-31 | $374.69K | +193.61% |
| 2016-12-31 | $-400.27K | -- |
Equity Component Analysis
This analysis shows how different components contribute to i3 Energy Plc'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 grown by 15210300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $152.10 Million | 93.32% |
| Common Stock | $170.00K | 0.10% |
| Other Comprehensive Income | $10.72 Million | 6.58% |
| Total Equity | $163.00 Million | 100.00% |
i3 Energy Plc Competitors by Market Cap
The table below lists competitors of i3 Energy Plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Brogent Technologies
TWO:5263
|
$129.86 Million |
|
K Car Co Ltd
KO:381970
|
$129.87 Million |
|
Duos Technologies Group Inc
NASDAQ:DUOT
|
$129.90 Million |
|
Leclanche SA
SW:LECN
|
$129.90 Million |
|
Bassac
PA:BASS
|
$129.83 Million |
|
Pinlive Foods Co Ltd
SHE:300892
|
$129.82 Million |
|
O-TA Precision Industry Co Ltd
TWO:8924
|
$129.76 Million |
|
Orient Group Inc
SHG:600811
|
$129.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in i3 Energy Plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 164,746,000 to 162,995,000, a change of -1,751,000 (-1.1%).
- Net income of 15,147,000 contributed positively to equity growth.
- Dividend payments of 13,298,000 reduced retained earnings.
- New share issuances of 42,000 increased equity.
- Other comprehensive income decreased equity by 5,686,000.
- Other factors increased equity by 2,044,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $15.15 Million | +9.29% |
| Dividends Paid | $13.30 Million | -8.16% |
| Share Issuances | $42.00K | +0.03% |
| Other Comprehensive Income | $-5.69 Million | -3.49% |
| Other Changes | $2.04 Million | +1.25% |
| Total Change | $- | -1.06% |
Book Value vs Market Value Analysis
This analysis compares i3 Energy Plc'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: 1.08x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3750473.28x to 1.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $0.00 | $0.15 | x |
| 2016-12-31 | $-0.02 | $0.15 | x |
| 2017-12-31 | $0.03 | $0.15 | x |
| 2018-12-31 | $0.12 | $0.15 | x |
| 2019-12-31 | $0.39 | $0.15 | x |
| 2020-12-31 | $0.22 | $0.15 | x |
| 2021-12-31 | $0.14 | $0.15 | x |
| 2022-12-31 | $0.13 | $0.15 | x |
| 2023-12-31 | $0.13 | $0.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently i3 Energy Plc 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): 9.29%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.35%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.94x
- Recent ROE (9.29%) is above the historical average (-98.87%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $-364.81K |
| 2017 | -783.50% | 0.00% | 0.00x | 12.49x | $-2.97 Million |
| 2018 | -42.10% | 0.00% | 0.00x | 1.39x | $-2.43 Million |
| 2019 | -34.27% | 0.00% | 0.00x | 2.08x | $-14.02 Million |
| 2020 | 16.01% | 84.78% | 0.08x | 2.38x | $4.40 Million |
| 2021 | 18.15% | 25.37% | 0.31x | 2.29x | $11.27 Million |
| 2022 | 25.46% | 17.34% | 0.69x | 2.14x | $25.48 Million |
| 2023 | 9.29% | 10.35% | 0.46x | 1.94x | $-1.15 Million |
Industry Comparison
This section compares i3 Energy Plc'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 |
|---|---|---|---|---|
| i3 Energy Plc (ITEEF) | $161.96 Million | 0.00% | 0.73x | $129.83 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 |