Trinity Exploration & Production plc
Trinity Exploration & Production plc, an independent oil company, engages in the exploration, development, and production of crude oil in Trinidad & Tobago. The company holds 100% working interest on onshore assets located in the Southern Basin and Central Range; and east and west coast assets located in the Columbus Basin and Gulf of Paria. It also operates producing wells onshore. Trinity Explo… Read more
Trinity Exploration & Production plc (TRXEF) - Net Assets
Latest net assets as of June 2024: $52.38 Million USD
Based on the latest financial reports, Trinity Exploration & Production plc (TRXEF) has net assets worth $52.38 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($112.14 Million) and total liabilities ($59.77 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 | $52.38 Million |
| % of Total Assets | 46.71% |
| Annual Growth Rate | 4.77% |
| 5-Year Change | -2.74% |
| 10-Year Change | -37.73% |
| Growth Volatility | 110.73 |
Trinity Exploration & Production plc - Net Assets Trend (2008–2023)
This chart illustrates how Trinity Exploration & Production plc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Trinity Exploration & Production plc (2008–2023)
The table below shows the annual net assets of Trinity Exploration & Production plc from 2008 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $49.05 Million | -12.62% |
| 2022-12-31 | $56.13 Million | -1.39% |
| 2021-12-31 | $56.92 Million | +17.24% |
| 2020-12-31 | $48.55 Million | -3.71% |
| 2019-12-31 | $50.42 Million | -14.46% |
| 2018-12-31 | $58.95 Million | +21.32% |
| 2017-12-31 | $48.59 Million | +309.87% |
| 2016-12-31 | $11.86 Million | -41.00% |
| 2015-12-31 | $20.09 Million | -74.49% |
| 2014-12-31 | $78.76 Million | -64.08% |
| 2013-12-31 | $219.27 Million | +106.48% |
| 2012-12-31 | $106.20 Million | -10.50% |
| 2011-12-31 | $118.65 Million | +288.04% |
| 2010-12-31 | $30.58 Million | +31.25% |
| 2009-12-31 | $23.30 Million | -4.39% |
| 2008-12-31 | $24.37 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trinity Exploration & Production plc'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 13903843440.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $138.32 Million | 282.03% |
| Common Stock | $399.00K | 0.81% |
| Other Comprehensive Income | $1.14 Million | 2.33% |
| Total Equity | $49.05 Million | 100.00% |
Trinity Exploration & Production plc Competitors by Market Cap
The table below lists competitors of Trinity Exploration & Production plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Welsbach Technology Metals Acquisition Corp
NASDAQ:WTMA
|
$7.24 Million |
|
GP Petroleums Limited
NSE:GULFPETRO
|
$7.24 Million |
|
Agriculture & Natural Solutions Acquisition Corporation Warrant
NASDAQ:ANSCW
|
$7.24 Million |
|
Carnegie Clean Energy Limited
OTCQB:CWGYF
|
$7.24 Million |
|
Pacific Strategic Financial
JK:APIC
|
$7.24 Million |
|
Panda Eco System Berhad
KLSE:0290
|
$7.24 Million |
|
Renegade Gold Inc.
V:RAGE
|
$7.23 Million |
|
Comarch SA
WAR:CMR
|
$7.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trinity Exploration & Production plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 56,131,000 to 49,045,000, a change of -7,086,000 (-12.6%).
- Net loss of 6,804,000 reduced equity.
- Dividend payments of 231,000 reduced retained earnings.
- Share repurchases of 566,000 reduced equity.
- Other comprehensive income decreased equity by 185,767.
- Other factors increased equity by 700,767.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-6.80 Million | -13.87% |
| Dividends Paid | $231.00K | -0.47% |
| Share Repurchases | $566.00K | -1.15% |
| Other Comprehensive Income | $-185.77K | -0.38% |
| Other Changes | $700.77K | +1.43% |
| Total Change | $- | -12.62% |
Book Value vs Market Value Analysis
This analysis compares Trinity Exploration & Production plc'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: 0.41x
- 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 increased from 0.05x to 0.41x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | $11.36 | $0.52 | x |
| 2009-12-31 | $24.58 | $0.52 | x |
| 2010-12-31 | $32.26 | $0.52 | x |
| 2011-12-31 | $77.52 | $0.52 | x |
| 2012-12-31 | $49.75 | $0.52 | x |
| 2013-12-31 | $24.29 | $0.52 | x |
| 2014-12-31 | $8.31 | $0.52 | x |
| 2015-12-31 | $2.12 | $0.52 | x |
| 2016-12-31 | $1.25 | $0.52 | x |
| 2017-12-31 | $1.23 | $0.52 | x |
| 2018-12-31 | $1.78 | $0.52 | x |
| 2019-12-31 | $1.31 | $0.52 | x |
| 2020-12-31 | $1.26 | $0.52 | x |
| 2021-12-31 | $1.35 | $0.52 | x |
| 2022-12-31 | $1.39 | $0.52 | x |
| 2023-12-31 | $1.27 | $0.52 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trinity Exploration & Production plc 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): -13.87%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.75%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 2.33x
- Recent ROE (-13.87%) is above the historical average (-33.73%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -2.94% | 0.00% | 0.00x | 1.01x | $-3.15 Million |
| 2009 | -8.03% | -25.48% | 0.20x | 1.55x | $-4.20 Million |
| 2010 | -15.23% | -32.71% | 0.30x | 1.55x | $-7.72 Million |
| 2011 | -11.15% | -60.59% | 0.16x | 1.14x | $-25.29 Million |
| 2012 | -12.06% | -35.67% | 0.26x | 1.31x | $-23.65 Million |
| 2013 | 17.58% | 31.20% | 0.33x | 1.71x | $16.63 Million |
| 2014 | -179.60% | -124.82% | 0.55x | 2.63x | $-149.32 Million |
| 2015 | -288.27% | -120.22% | 0.37x | 6.41x | $-59.93 Million |
| 2016 | -57.90% | -19.44% | 0.33x | 9.15x | $-8.05 Million |
| 2017 | 52.17% | 56.38% | 0.43x | 2.16x | $20.49 Million |
| 2018 | -9.09% | -8.57% | 0.54x | 1.97x | $-11.26 Million |
| 2019 | -19.13% | -15.10% | 0.57x | 2.21x | $-14.69 Million |
| 2020 | -5.84% | -6.43% | 0.40x | 2.24x | $-7.69 Million |
| 2021 | 13.57% | 11.66% | 0.51x | 2.28x | $2.03 Million |
| 2022 | 0.20% | 0.12% | 0.74x | 2.22x | $-5.50 Million |
| 2023 | -13.87% | -9.75% | 0.61x | 2.33x | $-11.71 Million |
Industry Comparison
This section compares Trinity Exploration & Production plc'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 |
|---|---|---|---|---|
| Trinity Exploration & Production plc (TRXEF) | $52.38 Million | -2.94% | 1.14x | $7.24 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 |