Spyglass Resources Corp
Spyglass Resources Corp., an intermediate oil and gas company, operates oil and natural gas properties in the Western Canadian Sedimentary Basin. The company's principal properties are located in Dixonville, Enchant, Retlaw, Matziwin, and Halkirk-Provost in Alberta; and Noel, British Columbia. The company was formerly known as Pace Oil & Gas Ltd. and changed its name to Spyglass Resources Corp. i… Read more
Spyglass Resources Corp (SGLRF) - Net Assets
Latest net assets as of September 2015: $73.78K USD
Based on the latest financial reports, Spyglass Resources Corp (SGLRF) has net assets worth $73.78K USD as of September 2015.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($218.26K) and total liabilities ($144.48K). 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 | $73.78K |
| % of Total Assets | 33.8% |
| Annual Growth Rate | -80.19% |
| 5-Year Change | -99.95% |
| 10-Year Change | N/A |
| Growth Volatility | 31.24 |
Spyglass Resources Corp - Net Assets Trend (2009–2014)
This chart illustrates how Spyglass Resources 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 Spyglass Resources Corp (2009–2014)
The table below shows the annual net assets of Spyglass Resources Corp from 2009 to 2014.
| Year | Net Assets | Change |
|---|---|---|
| 2014-12-31 | $230.14K | -45.70% |
| 2013-12-31 | $423.86K | -99.85% |
| 2012-12-31 | $282.48 Million | -34.98% |
| 2011-12-31 | $434.44 Million | -3.18% |
| 2010-12-31 | $448.71 Million | -40.43% |
| 2009-12-31 | $753.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Spyglass Resources 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 19660100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2014)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $425.92K | 185.07% |
| Other Components | $823.00 | 0.36% |
| Total Equity | $230.14K | 100.00% |
Spyglass Resources Corp Competitors by Market Cap
The table below lists competitors of Spyglass Resources Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Odyne Corporation
PINK:ODYC
|
$0.99 |
|
Helmer Directional
PINK:EXLA
|
$0.99 |
|
Avistar Communications Corp
PINK:AVSR
|
$0.99 |
|
Powerlock Intl Corp
PINK:PWLK
|
$0.99 |
|
Pathfinder Cell Therapy Inc
PINK:PFND
|
$0.99 |
|
City Bank
PINK:CTBK
|
$0.99 |
|
AgriMinco Corp
PINK:ETPHF
|
$0.99 |
|
Zane Interactive Publishing Inc
PINK:ZNAE
|
$0.99 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Spyglass Resources Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2013 to 2014, total equity changed from 423,861 to 230,138, a change of -193,723 (-45.7%).
- Net loss of 134,554 reduced equity.
- Dividend payments of 24,055 reduced retained earnings.
- Share repurchases of 98,000 reduced equity.
- Other factors increased equity by 62,886.
Equity Change Factors (2013 to 2014)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-134.55K | -58.47% |
| Dividends Paid | $24.05K | -10.45% |
| Share Repurchases | $98.00K | -42.58% |
| Other Changes | $62.89K | +27.33% |
| Total Change | $- | -45.70% |
Book Value vs Market Value Analysis
This analysis compares Spyglass Resources 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: 0.00x
- 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 |
|---|---|---|---|
| 2011-12-31 | $0.00 | $0.00 | x |
| 2012-12-31 | $0.00 | $0.00 | x |
| 2013-12-31 | $3.78 | $0.00 | x |
| 2014-12-31 | $1.80 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Spyglass Resources 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): -58.47%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -71.55%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 2.11x
- Recent ROE (-58.47%) is below the historical average (-16.53%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 0.00% | 0.00% | 0.13x | 1.31x | $-75.33 Million |
| 2010 | 0.00% | 0.00% | 0.20x | 1.61x | $-44.87 Million |
| 2011 | 3.85% | 8.36% | 0.27x | 1.70x | $-26.74 Million |
| 2012 | -54.16% | -92.22% | 0.29x | 2.06x | $-181.24 Million |
| 2013 | 9.62% | 20.03% | 0.24x | 1.98x | $-1.60K |
| 2014 | -58.47% | -71.55% | 0.39x | 2.11x | $-157.57K |
Industry Comparison
This section compares Spyglass Resources 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 |
|---|---|---|---|---|
| Spyglass Resources Corp (SGLRF) | $73.78K | 0.00% | 1.96x | $0.99 |
| 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 |