MEG Energy Corp
MEG Energy Corp. operates as an oil sands development company. The company offers situ thermal oil production in its Christina Lake Project in the southern Athabasca oil region of Alberta, Canada. The company develops oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the recovery of oil. It also transports and sells thermal oil in North America and i… Read more
MEG Energy Corp (MEGEF) - Net Assets
Latest net assets as of September 2025: $4.76 Billion USD
Based on the latest financial reports, MEG Energy Corp (MEGEF) has net assets worth $4.76 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.98 Billion) and total liabilities ($2.22 Billion). 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 | $4.76 Billion |
| % of Total Assets | 68.18% |
| Annual Growth Rate | 4.9% |
| 5-Year Change | 29.86% |
| 10-Year Change | 23.79% |
| Growth Volatility | 16.03 |
MEG Energy Corp - Net Assets Trend (2008–2024)
This chart illustrates how MEG 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 MEG Energy Corp (2008–2024)
The table below shows the annual net assets of MEG Energy Corp from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $4.55 Billion | +0.57% |
| 2023-12-31 | $4.53 Billion | +3.29% |
| 2022-12-31 | $4.38 Billion | +15.10% |
| 2021-12-31 | $3.81 Billion | +8.61% |
| 2020-12-31 | $3.51 Billion | -9.01% |
| 2019-12-31 | $3.85 Billion | -0.82% |
| 2018-12-31 | $3.88 Billion | -2.00% |
| 2017-12-31 | $3.96 Billion | +20.61% |
| 2016-12-31 | $3.29 Billion | -10.63% |
| 2015-12-31 | $3.68 Billion | -22.87% |
| 2014-12-31 | $4.77 Billion | -0.42% |
| 2013-12-31 | $4.79 Billion | -1.69% |
| 2012-12-31 | $4.87 Billion | +22.25% |
| 2011-12-31 | $3.98 Billion | +3.37% |
| 2010-12-31 | $3.85 Billion | +24.48% |
| 2009-12-31 | $3.10 Billion | +46.17% |
| 2008-12-31 | $2.12 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to MEG 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 10843100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $4.57 Billion | 100.40% |
| Other Comprehensive Income | $48.00 Million | 1.05% |
| Other Components | $176.00 Million | 3.87% |
| Total Equity | $4.55 Billion | 100.00% |
MEG Energy Corp Competitors by Market Cap
The table below lists competitors of MEG Energy Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhongtai Securities Co Ltd
SHG:600918
|
$2.47 Billion |
|
Acm Research Inc
NASDAQ:ACMR
|
$2.48 Billion |
|
ICICI Prudential Life Insurance Company Limited
NSE:ICICIPRULI
|
$2.48 Billion |
|
AUTO1 Group SE
PINK:ATOGF
|
$2.48 Billion |
|
Derwent London PLC
PINK:DWVYF
|
$2.47 Billion |
|
Taichung Commercial Bank Co Ltd
TW:2812
|
$2.47 Billion |
|
MAG Silver Corp
NYSE MKT:MAG
|
$2.47 Billion |
|
STRIDE INC. DL -0001
F:0AJ
|
$2.47 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MEG Energy Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,527,000,000 to 4,553,000,000, a change of 26,000,000 (0.6%).
- Net income of 507,000,000 contributed positively to equity growth.
- Dividend payments of 27,000,000 reduced retained earnings.
- Share repurchases of 454,000,000 reduced equity.
- New share issuances of 1,000,000 increased equity.
- Other comprehensive income increased equity by 15,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $507.00 Million | +11.14% |
| Dividends Paid | $27.00 Million | -0.59% |
| Share Repurchases | $454.00 Million | -9.97% |
| Share Issuances | $1.00 Million | +0.02% |
| Other Comprehensive Income | $15.00 Million | +0.33% |
| Other Changes | $-16.00 Million | -0.35% |
| Total Change | $- | 0.57% |
Book Value vs Market Value Analysis
This analysis compares MEG 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: 0.81x
- 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 |
|---|---|---|---|
| 2008-12-31 | $16.89 | $13.98 | x |
| 2009-12-31 | $21.57 | $13.98 | x |
| 2010-12-31 | $21.02 | $13.98 | x |
| 2011-12-31 | $20.14 | $13.98 | x |
| 2012-12-31 | $24.36 | $13.98 | x |
| 2013-12-31 | $21.59 | $13.98 | x |
| 2014-12-31 | $21.35 | $13.98 | x |
| 2015-12-31 | $16.38 | $13.98 | x |
| 2016-12-31 | $14.54 | $13.98 | x |
| 2017-12-31 | $13.70 | $13.98 | x |
| 2018-12-31 | $13.13 | $13.98 | x |
| 2019-12-31 | $12.89 | $13.98 | x |
| 2020-12-31 | $11.61 | $13.98 | x |
| 2021-12-31 | $12.24 | $13.98 | x |
| 2022-12-31 | $14.18 | $13.98 | x |
| 2023-12-31 | $15.72 | $13.98 | x |
| 2024-12-31 | $17.21 | $13.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MEG 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): 11.14%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.83%
- • Asset Turnover: 0.85x
- • Equity Multiplier: 1.48x
- Recent ROE (11.14%) is above the historical average (-0.73%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -8.50% | 0.00% | 0.00x | 1.47x | $-391.80 Million |
| 2009 | 1.65% | 213.28% | 0.01x | 1.38x | $-258.44 Million |
| 2010 | 1.29% | 6.79% | 0.14x | 1.31x | $-335.85 Million |
| 2011 | 1.60% | 5.98% | 0.17x | 1.56x | $-334.57 Million |
| 2012 | 1.08% | 4.88% | 0.13x | 1.65x | $-434.48 Million |
| 2013 | -3.48% | -12.12% | 0.15x | 1.97x | $-645.25 Million |
| 2014 | -2.21% | -3.59% | 0.30x | 2.08x | $-582.36 Million |
| 2015 | -31.80% | -60.09% | 0.21x | 2.56x | $-1.54 Billion |
| 2016 | -13.04% | -22.87% | 0.21x | 2.71x | $-757.40 Million |
| 2017 | 4.19% | 6.65% | 0.27x | 2.36x | $-230.44 Million |
| 2018 | -3.06% | -4.29% | 0.33x | 2.16x | $-507.50 Million |
| 2019 | -1.61% | -1.56% | 0.51x | 2.04x | $-447.30 Million |
| 2020 | -10.18% | -15.51% | 0.32x | 2.06x | $-707.60 Million |
| 2021 | 7.43% | 6.44% | 0.58x | 1.99x | $-97.80 Million |
| 2022 | 20.58% | 14.22% | 0.90x | 1.60x | $463.70 Million |
| 2023 | 12.57% | 9.31% | 0.89x | 1.52x | $116.30 Million |
| 2024 | 11.14% | 8.83% | 0.85x | 1.48x | $51.70 Million |
Industry Comparison
This section compares MEG 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: $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 |
|---|---|---|---|---|
| MEG Energy Corp (MEGEF) | $4.76 Billion | -8.50% | 0.47x | $2.47 Billion |
| 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 |