STEP Energy Services Ltd
STEP Energy Services Ltd., an energy services company, provides integrated coiled tubing, fluid and nitrogen pumping, and hydraulic fracturing to service oil and natural gas industry in Canada and the United States. The company offers fracturing services, such as dual-fuel hydraulic fracturing; STEP-XPRS, an integrated fracturing and coiled tubing spread; large bore manifold systems; and technica… Read more
STEP Energy Services Ltd (SNVVF) - Net Assets
Latest net assets as of September 2025: $288.72 Million USD
Based on the latest financial reports, STEP Energy Services Ltd (SNVVF) has net assets worth $288.72 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 ($430.79 Million) and total liabilities ($142.07 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 | $288.72 Million |
| % of Total Assets | 67.02% |
| Annual Growth Rate | 14.18% |
| 5-Year Change | 81.12% |
| 10-Year Change | 91.0% |
| Growth Volatility | 42.89 |
STEP Energy Services Ltd - Net Assets Trend (2014–2024)
This chart illustrates how STEP Energy Services Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for STEP Energy Services Ltd (2014–2024)
The table below shows the annual net assets of STEP Energy Services Ltd from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $370.53 Million | +4.21% |
| 2023-12-31 | $355.55 Million | +16.18% |
| 2022-12-31 | $306.03 Million | +72.47% |
| 2021-12-31 | $177.44 Million | -13.26% |
| 2020-12-31 | $204.58 Million | -36.63% |
| 2019-12-31 | $322.82 Million | -32.55% |
| 2018-12-31 | $478.60 Million | +11.03% |
| 2017-12-31 | $431.04 Million | +65.82% |
| 2016-12-31 | $259.94 Million | +34.00% |
| 2015-12-31 | $193.99 Million | +97.21% |
| 2014-12-31 | $98.37 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to STEP Energy Services Ltd'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 2121.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $447.99 Million | 120.91% |
| Other Comprehensive Income | $26.64 Million | 7.19% |
| Other Components | $40.47 Million | 10.92% |
| Total Equity | $370.53 Million | 100.00% |
STEP Energy Services Ltd Competitors by Market Cap
The table below lists competitors of STEP Energy Services Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jinxin Technology Holding Company American Depositary Shares
NASDAQ:NAMI
|
$40.33 Million |
|
India Pesticides Limited
NSE:IPL
|
$40.34 Million |
|
e-Credible Co. Ltd
KQ:092130
|
$40.35 Million |
|
Cementos Bio-B
SN:CEMENTOS
|
$40.35 Million |
|
Choong Ang Vaccine Laboratory Co. Ltd
KQ:072020
|
$40.29 Million |
|
ADWYF
PINK:ADWYF
|
$40.28 Million |
|
Turk Prysmian Kablo ve Sistemleri AS
IS:PRKAB
|
$40.27 Million |
|
Dongkuk Structures & Construction Company Limited
KQ:100130
|
$40.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in STEP Energy Services Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 355,548,000 to 370,526,000, a change of 14,978,000 (4.2%).
- Net income of 1,762,000 contributed positively to equity growth.
- Share repurchases of 7,957,000 reduced equity.
- Other comprehensive income increased equity by 16,497,000.
- Other factors increased equity by 4,676,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.76 Million | +0.48% |
| Share Repurchases | $7.96 Million | -2.15% |
| Other Comprehensive Income | $16.50 Million | +4.45% |
| Other Changes | $4.68 Million | +1.26% |
| Total Change | $- | 4.21% |
Book Value vs Market Value Analysis
This analysis compares STEP Energy Services Ltd'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: 0.54x
- 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 1.63x to 0.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $1.64 | $2.67 | x |
| 2015-12-31 | $3.23 | $2.67 | x |
| 2016-12-31 | $4.32 | $2.67 | x |
| 2017-12-31 | $7.46 | $2.67 | x |
| 2018-12-31 | $7.36 | $2.67 | x |
| 2019-12-31 | $4.84 | $2.67 | x |
| 2020-12-31 | $3.04 | $2.67 | x |
| 2021-12-31 | $2.61 | $2.67 | x |
| 2022-12-31 | $4.24 | $2.67 | x |
| 2023-12-31 | $4.73 | $2.67 | x |
| 2024-12-31 | $4.99 | $2.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently STEP Energy Services Ltd 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): 0.48%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.18%
- • Asset Turnover: 1.64x
- • Equity Multiplier: 1.57x
- Recent ROE (0.48%) is above the historical average (-5.93%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 13.27% | 9.89% | 0.92x | 1.46x | $3.21 Million |
| 2015 | -2.89% | -4.86% | 0.50x | 1.19x | $-25.01 Million |
| 2016 | -7.68% | -11.80% | 0.50x | 1.29x | $-45.95 Million |
| 2017 | 13.39% | 10.43% | 1.04x | 1.24x | $14.61 Million |
| 2018 | -8.21% | -5.03% | 0.88x | 1.86x | $-87.16 Million |
| 2019 | -44.57% | -21.53% | 0.97x | 2.13x | $-176.17 Million |
| 2020 | -58.34% | -32.35% | 0.77x | 2.35x | $-139.82 Million |
| 2021 | -15.85% | -5.24% | 1.11x | 2.73x | $-45.87 Million |
| 2022 | 30.97% | 9.58% | 1.45x | 2.23x | $64.18 Million |
| 2023 | 14.18% | 5.33% | 1.56x | 1.71x | $14.86 Million |
| 2024 | 0.48% | 0.18% | 1.64x | 1.57x | $-35.29 Million |
Industry Comparison
This section compares STEP Energy Services Ltd's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $5,464,315,253
- Average return on equity (ROE) among peers: -34.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| STEP Energy Services Ltd (SNVVF) | $288.72 Million | 13.27% | 0.49x | $40.32 Million |
| ProFrac Holding Corp. (ACDC) | $1.33 Billion | -7.35% | 1.31x | $222.04 Million |
| Atlas Energy Solutions Inc. (AESI) | $867.82 Million | 18.44% | 0.45x | $1.34 Billion |
| Akastor ASA (AKKVF) | $13.55 Billion | 9.27% | 2.55x | $54.21 Million |
| Andatee China Marine Fuel Services (AMCF) | $18.84 Million | 34.05% | 1.21x | $0.98 |
| Archrock Inc (AROC) | $2.23 Billion | -42.52% | 1.73x | $6.15 Billion |
| Anton Oilfield Services Group (ATONY) | $2.15 Billion | -9.22% | 2.02x | $381.63 Million |
| Auri Inc (AURI) | $-2.74 Million | 0.00% | 0.00x | $1.91 |
| Baker Hughes Co (BKR) | $34.50 Billion | 0.37% | 0.55x | $56.21 Billion |
| Kbridge Energy Corp (BMMCF) | $-341.75K | 0.00% | 0.00x | $880.54 |
| Bri-Chem Corp (BRYFF) | $131.44K | -348.83% | 2.61x | $4.32 Million |