Western Energy Services Corp
Western Energy Services Corp. operates as an oilfield service company in Canada and the United States. It operates through two segments, Contract Drilling and Production Services segments. The Contract Drilling segment provides contract drilling services using drilling rigs and auxiliary equipment. The Production Services segment offers well servicing rig and related equipment, as well as rental … Read more
Western Energy Services Corp (WEEEF) - Net Assets
Latest net assets as of September 2025: $288.10 Million USD
Based on the latest financial reports, Western Energy Services Corp (WEEEF) has net assets worth $288.10 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 ($406.52 Million) and total liabilities ($118.42 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 | $288.10 Million |
| % of Total Assets | 70.87% |
| Annual Growth Rate | 26.06% |
| 5-Year Change | 32.98% |
| 10-Year Change | -37.28% |
| Growth Volatility | 435.04 |
Western Energy Services Corp - Net Assets Trend (1999–2024)
This chart illustrates how Western Energy Services 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 Western Energy Services Corp (1999–2024)
The table below shows the annual net assets of Western Energy Services Corp from 1999 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $295.85 Million | +0.06% |
| 2023-12-31 | $295.67 Million | -2.27% |
| 2022-12-31 | $302.53 Million | +62.21% |
| 2021-12-31 | $186.50 Million | -16.17% |
| 2020-12-31 | $222.47 Million | -16.71% |
| 2019-12-31 | $267.09 Million | -24.51% |
| 2018-12-31 | $353.80 Million | -8.38% |
| 2017-12-31 | $386.15 Million | -5.17% |
| 2016-12-31 | $407.21 Million | -13.67% |
| 2015-12-31 | $471.70 Million | -21.54% |
| 2014-12-31 | $601.20 Million | +6.71% |
| 2013-12-31 | $563.42 Million | +23.89% |
| 2012-12-31 | $454.79 Million | +9.77% |
| 2011-12-31 | $414.32 Million | +121.18% |
| 2010-12-31 | $187.32 Million | +2219.20% |
| 2009-12-31 | $8.08 Million | +8.09% |
| 2008-12-31 | $7.47 Million | -21.39% |
| 2007-12-31 | $9.51 Million | +22.59% |
| 2006-12-31 | $7.75 Million | +19.64% |
| 2005-12-31 | $6.48 Million | +80.19% |
| 2004-12-31 | $3.60 Million | +271.99% |
| 2003-12-31 | $966.88K | +29.17% |
| 2002-12-31 | $748.51K | -16.14% |
| 2001-12-31 | $892.53K | +3.74% |
| 2000-12-31 | $860.38K | -4.93% |
| 1999-12-31 | $904.97K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Western Energy Services 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 28045419600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $521.60 Million | 177.65% |
| Other Comprehensive Income | $32.67 Million | 11.13% |
| Other Components | $21.18 Million | 7.21% |
| Total Equity | $293.62 Million | 100.00% |
Western Energy Services Corp Competitors by Market Cap
The table below lists competitors of Western Energy Services Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Proximar Seafood AS
OL:PROXI
|
$19.38 Million |
|
SCI Information Service Inc
KQ:036120
|
$19.38 Million |
|
Waterco Ltd
AU:WAT
|
$19.39 Million |
|
Forian Inc
NASDAQ:FORA
|
$19.39 Million |
|
Inzi Display Co.Ltd
KQ:037330
|
$19.38 Million |
|
Form Bio Co. Ltd.
KQ:377220
|
$19.38 Million |
|
Midsummer AB (publ)
ST:MIDS
|
$19.38 Million |
|
Bakrie Sumatera Plantations
JK:UNSP
|
$19.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Western Energy Services Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 293,370,000 to 293,621,000, a change of 251,000 (0.1%).
- Net loss of 7,155,000 reduced equity.
- Other comprehensive income increased equity by 6,598,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-7.16 Million | -2.44% |
| Other Comprehensive Income | $6.60 Million | +2.25% |
| Other Changes | $808.00K | +0.28% |
| Total Change | $- | 0.09% |
Book Value vs Market Value Analysis
This analysis compares Western Energy Services 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: 0.18x
- 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 0.00x to 0.18x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | $362.42 | $1.55 | x |
| 2000-12-31 | $263.19 | $1.55 | x |
| 2001-12-31 | $235.81 | $1.55 | x |
| 2002-12-31 | $197.76 | $1.55 | x |
| 2003-12-31 | $178.26 | $1.55 | x |
| 2004-12-31 | $354.71 | $1.55 | x |
| 2005-12-31 | $254.34 | $1.55 | x |
| 2006-12-31 | $194.64 | $1.55 | x |
| 2007-12-31 | $197.02 | $1.55 | x |
| 2008-12-31 | $112.73 | $1.55 | x |
| 2009-12-31 | $12.95 | $1.55 | x |
| 2010-12-31 | $81.32 | $1.55 | x |
| 2011-12-31 | $81.77 | $1.55 | x |
| 2012-12-31 | $79.11 | $1.55 | x |
| 2013-12-31 | $85.17 | $1.55 | x |
| 2014-12-31 | $84.09 | $1.55 | x |
| 2015-12-31 | $66.92 | $1.55 | x |
| 2016-12-31 | $58.19 | $1.55 | x |
| 2017-12-31 | $52.39 | $1.55 | x |
| 2018-12-31 | $40.39 | $1.55 | x |
| 2019-12-31 | $344.67 | $1.55 | x |
| 2020-12-31 | $290.36 | $1.55 | x |
| 2021-12-31 | $242.31 | $1.55 | x |
| 2022-12-31 | $12.75 | $1.55 | x |
| 2023-12-31 | $8.67 | $1.55 | x |
| 2024-12-31 | $8.68 | $1.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Western Energy Services 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): -2.44%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.21%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 1.47x
- Recent ROE (-2.44%) is above the historical average (-25.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | -87.69% | 0.00% | 0.00x | 1.25x | $-884.02K |
| 2000 | -37.12% | 0.00% | 0.00x | 1.36x | $-405.37K |
| 2001 | -24.97% | 0.00% | 0.00x | 1.34x | $-312.10K |
| 2002 | -37.66% | 0.00% | 0.00x | 1.50x | $-356.71K |
| 2003 | -24.85% | 0.00% | 0.00x | 1.24x | $-336.91K |
| 2004 | -33.14% | -167.52% | 0.08x | 2.42x | $-1.55 Million |
| 2005 | -53.81% | -43.34% | 0.71x | 1.74x | $-4.14 Million |
| 2006 | -41.56% | -22.82% | 0.74x | 2.45x | $-4.00 Million |
| 2007 | -47.61% | -29.77% | 0.57x | 2.83x | $-5.48 Million |
| 2008 | -80.16% | -47.05% | 0.57x | 3.00x | $-6.74 Million |
| 2009 | -105.22% | -150.53% | 0.46x | 1.51x | $-9.31 Million |
| 2010 | 14.19% | 39.37% | 0.26x | 1.41x | $7.86 Million |
| 2011 | 15.63% | 24.66% | 0.42x | 1.50x | $23.31 Million |
| 2012 | 9.93% | 14.64% | 0.41x | 1.65x | $-301.00K |
| 2013 | 6.25% | 9.24% | 0.39x | 1.76x | $-21.09 Million |
| 2014 | 6.04% | 7.13% | 0.48x | 1.76x | $-23.71 Million |
| 2015 | -27.58% | -56.88% | 0.26x | 1.87x | $-176.35 Million |
| 2016 | -15.31% | -49.86% | 0.16x | 1.96x | $-102.55 Million |
| 2017 | -9.77% | -15.76% | 0.31x | 1.98x | $-75.93 Million |
| 2018 | -11.70% | -17.41% | 0.35x | 1.90x | $-76.34 Million |
| 2019 | -30.51% | -41.22% | 0.36x | 2.07x | $-107.49 Million |
| 2020 | -18.69% | -39.79% | 0.21x | 2.24x | $-63.34 Million |
| 2021 | -19.58% | -27.44% | 0.29x | 2.47x | $-54.58 Million |
| 2022 | 9.65% | 14.47% | 0.42x | 1.58x | $-1.06 Million |
| 2023 | -2.46% | -3.09% | 0.53x | 1.51x | $-36.54 Million |
| 2024 | -2.44% | -3.21% | 0.52x | 1.47x | $-36.52 Million |
Industry Comparison
This section compares Western Energy Services Corp's net assets metrics with peer companies in the Oil & Gas Drilling industry.
Industry Context
- Industry: Oil & Gas Drilling
- Average net assets among peers: $168,298,265
- Average return on equity (ROE) among peers: -7.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Western Energy Services Corp (WEEEF) | $288.10 Million | -87.69% | 0.41x | $19.38 Million |
| Agri-Dynamics Inc (AGDY) | $-371.31K | 0.00% | 0.00x | $39.23 |
| AKITA Drilling Ltd (AKTAF) | $124.93 Million | 16.71% | 0.30x | $37.79 Million |
| Archer Limited (ARHVF) | $556.89 Million | 2.23% | 0.75x | $127.09 Million |
| Awilco Drilling PLC (AWLCF) | $-126.95 Million | 0.00% | 0.00x | $16.95 Million |
| Borr Drilling Ltd (BORR) | $993.30 Million | 8.27% | 2.44x | $1.19 Billion |
| Beard Co (BRCOQ) | $10.00 Million | -4.00% | 0.46x | $0.94 |
| Cathedral Energy Services Ltd (CETEF) | $90.77 Million | -6.37% | 0.50x | $68.91 Million |
| EP3Oil, Inc. (EEEP) | $7.39 Million | -22.45% | 0.56x | $101.31 |
| Enseco Energy Services Corp (ENSRF) | $22.49 Million | 0.00% | 0.05x | $0.97 |
| EnerNorth Industries Inc (ENYNF) | $4.54 Million | -66.24% | 2.35x | $0.92 |