Brookside Energy Limited
Brookside Energy Limited, together with its subsidiaries, engages in the exploration, production, and appraisal of oil and gas projects in the United States. The company develops oil and gas assets in the Anadarko Basin in Oklahoma, the United States. It also involved in the leasing of acreage opportunities. The company was formerly known as Red Fork Energy Limited and changed its name to Brooksi… Read more
Brookside Energy Limited (RDFED) - Net Assets
Latest net assets as of December 2023: $83.43 Million USD
Based on the latest financial reports, Brookside Energy Limited (RDFED) has net assets worth $83.43 Million USD as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($95.12 Million) and total liabilities ($11.68 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 | $83.43 Million |
| % of Total Assets | 87.72% |
| Annual Growth Rate | 122.86% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 154.41 |
Brookside Energy Limited - Net Assets Trend (2020–2023)
This chart illustrates how Brookside 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 Brookside Energy Limited (2020–2023)
The table below shows the annual net assets of Brookside Energy Limited from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $83.43 Million | +16.38% |
| 2022-12-31 | $71.69 Million | +98.93% |
| 2021-12-31 | $36.04 Million | +377.32% |
| 2020-12-31 | $7.55 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Brookside 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 grown by 3419259500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $269.06 Million | 322.49% |
| Total Equity | $83.43 Million | 100.00% |
Brookside Energy Limited Competitors by Market Cap
The table below lists competitors of Brookside Energy Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
RENEWABLE VENTURES NORDIC
F:X72
|
$2.63K |
|
LAVIDE HOLDING
BE:QU71
|
$2.64K |
|
Noon Sugar Mills Ltd
KAR:NONS
|
$2.65K |
|
Bezant Resources Plc
LSE:BZT
|
$2.65K |
|
PDTC3F
SA:PDTC3F
|
$2.62K |
|
Crescent Steel & Allied Products Ltd
KAR:CSAP
|
$2.62K |
|
PHINMA Corp
PSE:PHN
|
$2.62K |
|
Relevant Gold Corp
PINK:RGCCF
|
$2.62K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Brookside Energy Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 71,692,145 to 83,433,360, a change of 11,741,215 (16.4%).
- Net income of 16,647,566 contributed positively to equity growth.
- Share repurchases of 3,124,838 reduced equity.
- Other factors decreased equity by 1,781,513.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $16.65 Million | +19.95% |
| Share Repurchases | $3.12 Million | -3.75% |
| Other Changes | $-1.78 Million | -2.14% |
| Total Change | $- | 16.38% |
Book Value vs Market Value Analysis
This analysis compares Brookside 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: 0.32x
- 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 1.00x to 0.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $0.28 | $0.28 | x |
| 2021-12-31 | $0.53 | $0.28 | x |
| 2022-12-31 | $0.72 | $0.28 | x |
| 2023-12-31 | $0.88 | $0.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Brookside 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): 19.95%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 32.36%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.14x
- Recent ROE (19.95%) is above the historical average (0.37%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -32.27% | 0.00% | 0.00x | 1.74x | $-3.19 Million |
| 2021 | -7.25% | -52.72% | 0.12x | 1.13x | $-6.22 Million |
| 2022 | 21.06% | 28.48% | 0.57x | 1.31x | $7.93 Million |
| 2023 | 19.95% | 32.36% | 0.54x | 1.14x | $8.30 Million |
Industry Comparison
This section compares Brookside 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 |
|---|---|---|---|---|
| Brookside Energy Limited (RDFED) | $83.43 Million | -32.27% | 0.14x | $2.63K |
| 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 |