Pieridae Energy Limited
Cavvy Energy Ltd. operates as an integrated midstream and upstream energy company in Canada. It develops, produces, and processes natural gas, natural gas liquids, condensate, and sulphur. The company was formerly known as Pieridae Energy Limited and changed its name to Cavvy Energy Ltd. in May 2025. The company is based in Calgary, Canada.
Pieridae Energy Limited (PTOAF) - Net Assets
Latest net assets as of September 2025: $137.95 Million USD
Based on the latest financial reports, Pieridae Energy Limited (PTOAF) has net assets worth $137.95 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 ($536.27 Million) and total liabilities ($398.33 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 | $137.95 Million |
| % of Total Assets | 25.72% |
| Annual Growth Rate | 35.04% |
| 5-Year Change | 3741.88% |
| 10-Year Change | 126.54% |
| Growth Volatility | 301.78 |
Pieridae Energy Limited - Net Assets Trend (2004–2024)
This chart illustrates how Pieridae Energy Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Pieridae Energy Limited (2004–2024)
The table below shows the annual net assets of Pieridae Energy Limited from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $168.43 Million | -3.43% |
| 2023-12-31 | $174.41 Million | +51.98% |
| 2022-12-31 | $114.76 Million | +445.55% |
| 2021-12-31 | $-33.21 Million | -857.53% |
| 2020-12-31 | $4.38 Million | -95.80% |
| 2019-12-31 | $104.31 Million | +13.70% |
| 2018-12-31 | $91.75 Million | +54.56% |
| 2017-12-31 | $59.36 Million | -20.55% |
| 2016-12-31 | $74.72 Million | +0.50% |
| 2015-12-31 | $74.35 Million | +6.06% |
| 2014-12-31 | $70.10 Million | +44.14% |
| 2013-12-31 | $48.63 Million | +2.04% |
| 2012-12-31 | $47.66 Million | +40.78% |
| 2011-12-31 | $33.86 Million | +27.25% |
| 2010-12-31 | $26.61 Million | +24.04% |
| 2009-12-31 | $21.45 Million | -3.36% |
| 2008-12-31 | $22.19 Million | +105.84% |
| 2007-12-31 | $10.78 Million | +47.11% |
| 2006-12-31 | $7.33 Million | +63.24% |
| 2005-12-31 | $4.49 Million | +984.63% |
| 2004-12-31 | $413.94K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pieridae Energy Limited'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 20799485900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $306.31 Million | 181.86% |
| Other Comprehensive Income | $55.16 Million | 32.75% |
| Other Components | $14.98 Million | 8.90% |
| Total Equity | $168.43 Million | 100.00% |
Pieridae Energy Limited Competitors by Market Cap
The table below lists competitors of Pieridae Energy Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Touax SCA
PA:TOUP
|
$26.50 Million |
|
Inpro SA
WAR:INP
|
$26.50 Million |
|
Fattal 1998 Holdings Ltd
TA:FTAL
|
$26.50 Million |
|
RFTech Co. Ltd
KQ:061040
|
$26.51 Million |
|
PINTHONG INDUSTRIAL PARK PUBLIC COMPANY LIMITED
BK:PIN
|
$26.49 Million |
|
Ulusoy Elektrik Imalat
IS:ULUSE
|
$26.48 Million |
|
Crown Confectionery Co Ltd
KO:264900
|
$26.48 Million |
|
Arena Group Holdings Inc
NYSE MKT:AREN
|
$26.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pieridae Energy Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 174,747,000 to 168,428,000, a change of -6,319,000 (-3.6%).
- Net loss of 38,905,000 reduced equity.
- New share issuances of 33,483,000 increased equity.
- Other comprehensive income increased equity by 2,119,000.
- Other factors decreased equity by 3,016,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-38.91 Million | -23.1% |
| Share Issuances | $33.48 Million | +19.88% |
| Other Comprehensive Income | $2.12 Million | +1.26% |
| Other Changes | $-3.02 Million | -1.79% |
| Total Change | $- | -3.62% |
Book Value vs Market Value Analysis
This analysis compares Pieridae Energy Limited'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: 0.20x
- 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 |
|---|---|---|---|
| 2004-12-31 | $1.45 | $0.21 | x |
| 2005-12-31 | $4.74 | $0.21 | x |
| 2006-12-31 | $3.50 | $0.21 | x |
| 2007-12-31 | $3.21 | $0.21 | x |
| 2008-12-31 | $7.56 | $0.21 | x |
| 2009-12-31 | $6.32 | $0.21 | x |
| 2010-12-31 | $6.58 | $0.21 | x |
| 2011-12-31 | $7.72 | $0.21 | x |
| 2012-12-31 | $9.58 | $0.21 | x |
| 2013-12-31 | $8.53 | $0.21 | x |
| 2014-12-31 | $11.33 | $0.21 | x |
| 2015-12-31 | $10.93 | $0.21 | x |
| 2016-12-31 | $4.80 | $0.21 | x |
| 2017-12-31 | $1.59 | $0.21 | x |
| 2018-12-31 | $1.79 | $0.21 | x |
| 2019-12-31 | $1.06 | $0.21 | x |
| 2020-12-31 | $0.03 | $0.21 | x |
| 2021-12-31 | $-0.21 | $0.21 | x |
| 2022-12-31 | $0.71 | $0.21 | x |
| 2023-12-31 | $1.07 | $0.21 | x |
| 2024-12-31 | $1.06 | $0.21 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pieridae Energy Limited 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): -23.10%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -17.46%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 3.64x
- Recent ROE (-23.10%) is above the historical average (-109.42%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -6.21% | -3676.68% | 0.00x | 1.42x | $-67.09K |
| 2005 | -3.39% | -111.23% | 0.02x | 1.25x | $-601.13K |
| 2006 | -6.52% | 0.00% | 0.00x | 1.29x | $-1.21 Million |
| 2007 | -3.70% | -544.45% | 0.00x | 1.64x | $-1.07 Million |
| 2008 | -3.49% | -303.53% | 0.01x | 1.21x | $-2.99 Million |
| 2009 | -3.99% | -457.31% | 0.01x | 1.12x | $-3.00 Million |
| 2010 | -5.11% | -5204.69% | 0.00x | 1.16x | $-4.02 Million |
| 2011 | 6.41% | 1216.63% | 0.00x | 1.14x | $-1.21 Million |
| 2012 | -6.33% | -8751.83% | 0.00x | 1.10x | $-7.79 Million |
| 2014 | 25.08% | 61.97% | 0.34x | 1.20x | $10.57 Million |
| 2015 | -2.09% | -796.04% | 0.00x | 1.21x | $-8.99 Million |
| 2016 | -2.60% | -1897.20% | 0.00x | 1.22x | $-9.41 Million |
| 2017 | -14.84% | -9805.56% | 0.00x | 1.25x | $-14.77 Million |
| 2018 | -37.94% | -1314.86% | 0.01x | 4.03x | $-44.06 Million |
| 2019 | -68.51% | -68.22% | 0.17x | 5.77x | $-82.02 Million |
| 2020 | -2164.67% | -42.25% | 0.39x | 131.84x | $-101.06 Million |
| 2021 | 0.00% | -11.86% | 0.54x | 0.00x | $-36.39 Million |
| 2022 | 127.35% | 30.05% | 0.79x | 5.35x | $135.07 Million |
| 2023 | 5.14% | 2.44% | 0.58x | 3.65x | $-8.49 Million |
| 2024 | -23.10% | -17.46% | 0.36x | 3.64x | $-55.75 Million |
Industry Comparison
This section compares Pieridae Energy Limited'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 |
|---|---|---|---|---|
| Pieridae Energy Limited (PTOAF) | $137.95 Million | -6.21% | 2.89x | $26.49 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 |