Basic Energy Corp
Basic Energy Corp operates in Oil & Gas Exploration & Production.
Basic Energy Corp (BSC) - Net Assets
Latest net assets as of December 2022: ₱3.82 Billion PHP
Based on the latest financial reports, Basic Energy Corp (BSC) has net assets worth ₱3.82 Billion PHP as of December 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₱28.80 Billion) and total liabilities (₱24.98 Billion). 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 | ₱3.82 Billion |
| % of Total Assets | 13.28% |
| Annual Growth Rate | 20.78% |
| 5-Year Change | 438.17% |
| 10-Year Change | N/A |
| Growth Volatility | 231.57 |
Basic Energy Corp - Net Assets Trend (2014–2022)
This chart illustrates how Basic Energy 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 Basic Energy Corp (2014–2022)
The table below shows the annual net assets of Basic Energy Corp from 2014 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱3.82 Billion | +3.36% |
| 2021-12-31 | ₱3.70 Billion | +692.49% |
| 2020-12-31 | ₱466.85 Million | -17.64% |
| 2019-12-31 | ₱566.81 Million | -20.23% |
| 2018-12-31 | ₱710.59 Million | +4.31% |
| 2017-12-31 | ₱681.25 Million | -10.62% |
| 2016-12-31 | ₱762.23 Million | -7.12% |
| 2015-12-31 | ₱820.66 Million | -2.79% |
| 2014-12-31 | ₱844.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Basic Energy 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 128.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₱3.55 Billion | 92.95% |
| Other Components | ₱307.30 Million | 8.04% |
| Total Equity | ₱3.82 Billion | 100.00% |
Basic Energy Corp Competitors by Market Cap
The table below lists competitors of Basic Energy Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
National Lampoon Inc
PINK:NLMP
|
$19.66 |
|
ST Energy Transition I Ltd.
PINK:STETW
|
$19.70 |
|
MUMIAS SUGAR CO. LTD
XNAI:MUMIAS
|
$19.74 |
|
Naeem Holding
EGX:NAHO
|
$19.88 |
|
Golden Apple Oil & Gas Inc
PINK:GAPJ
|
$19.47 |
|
NNRF Inc
PINK:NNRI
|
$19.46 |
|
Acheter-Louer.Fr SA
F:2ZT1
|
$19.38 |
|
China Marine Food Gr
PINK:CMFO
|
$19.34 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Basic Energy Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 3,699,764,950 to 3,824,182,410, a change of 124,417,460 (3.4%).
- Net income of 94,626,470 contributed positively to equity growth.
- Dividend payments of 30,380,000 reduced retained earnings.
- Share repurchases of 3,500 reduced equity.
- Other factors increased equity by 60,174,490.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱94.63 Million | +2.47% |
| Dividends Paid | ₱30.38 Million | -0.79% |
| Share Repurchases | ₱3.50K | -0.0% |
| Other Changes | ₱60.17 Million | +1.57% |
| Total Change | ₱- | 3.36% |
Book Value vs Market Value Analysis
This analysis compares Basic Energy 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: 0.43x
- 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 1.93x to 0.43x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₱0.06 | ₱0.12 | x |
| 2017-12-31 | ₱0.05 | ₱0.12 | x |
| 2018-12-31 | ₱0.05 | ₱0.12 | x |
| 2019-12-31 | ₱0.04 | ₱0.12 | x |
| 2020-12-31 | ₱0.03 | ₱0.12 | x |
| 2021-12-31 | ₱0.25 | ₱0.12 | x |
| 2022-12-31 | ₱0.27 | ₱0.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Basic Energy 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): 2.47%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.13%
- • Asset Turnover: 2.59x
- • Equity Multiplier: 7.53x
- Recent ROE (2.47%) is above the historical average (-8.14%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 0.66% | 0.00% | 0.00x | 1.01x | ₱-76.62 Million |
| 2016 | -9.92% | 0.00% | 0.00x | 0.95x | ₱-151.87 Million |
| 2017 | -8.53% | 0.00% | 0.00x | 1.10x | ₱-126.23 Million |
| 2018 | -3.54% | 0.00% | 0.00x | 1.10x | ₱-96.18 Million |
| 2019 | -34.95% | 0.00% | 0.00x | 1.06x | ₱-254.78 Million |
| 2020 | -13.54% | 0.00% | 0.00x | 1.03x | ₱-109.89 Million |
| 2021 | 2.20% | 0.00% | 0.00x | 5.23x | ₱-288.59 Million |
| 2022 | 2.47% | 0.13% | 2.59x | 7.53x | ₱-287.79 Million |
Industry Comparison
This section compares Basic Energy Corp's net assets metrics with peer companies in the Oil & Gas industry.
Industry Context
- Industry: Oil & Gas
- Average net assets among peers: $13,003,707,006
- Average return on equity (ROE) among peers: -6.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Basic Energy Corp (BSC) | ₱3.82 Billion | 0.66% | 6.53x | $19.65 |
| APC Group Inc (APC) | $168.11 Million | -3.14% | 0.63x | $14.99 |
| Forum Pacific Inc (FPI) | $352.16 Million | -0.94% | 0.01x | $42.99 |
| Oriental Petroleum and Minerals Corp (OPM) | $90.89 Million | 2.56% | 0.03x | $2.02 |
| Philodrill Corp (OV) | $3.23 Billion | -1.96% | 0.04x | $1.39 |
| Petron Corp (PCOR) | $84.49 Billion | 11.95% | 2.77x | $526.52 |
| Pryce Corp (PPC) | $2.64 Billion | 11.23% | 1.01x | $2.54K |
| PXP Energy Corp (PXP) | $2.26 Billion | -1.60% | 0.46x | $475.76 |
| Pilipinas Shell Petroleum Corp (SHLPH) | $23.63 Billion | -68.48% | 2.66x | $1.85K |
| Seafront Resources Corp (SPM) | $165.55 Million | -5.73% | 0.00x | $317.22 |