3R Petroleum Óleo e Gás S.A
3R Petroleum Óleo e Gás S.A. engages in the exploration and production of oil and natural gas in Brazil. The company holds 100% interest in the BAR-M-387 that is located in the Barreirinhas basin in the Northeast State of Maranhão. It also holds portfolio of assets that includes the Macau, Salina Cristal, Lagoa Aroeira, Porto Carão, Sanhaçu and Carcará fields located in the Potiguar Basin; Água G… Read more
3R Petroleum Óleo e Gás S.A (RRRP3) - Net Assets
Latest net assets as of June 2024: R$5.02 Billion BRL
Based on the latest financial reports, 3R Petroleum Óleo e Gás S.A (RRRP3) has net assets worth R$5.02 Billion BRL as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$21.74 Billion) and total liabilities (R$16.72 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 | R$5.02 Billion |
| % of Total Assets | 23.11% |
| Annual Growth Rate | 63.05% |
| 5-Year Change | 2250.19% |
| 10-Year Change | 914.48% |
| Growth Volatility | 314.96 |
3R Petroleum Óleo e Gás S.A - Net Assets Trend (2012–2023)
This chart illustrates how 3R Petroleum Óleo e Gás S.A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for 3R Petroleum Óleo e Gás S.A (2012–2023)
The table below shows the annual net assets of 3R Petroleum Óleo e Gás S.A from 2012 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | R$5.57 Billion | +28.19% |
| 2022-12-31 | R$4.34 Billion | +3.97% |
| 2021-12-31 | R$4.18 Billion | +287.66% |
| 2020-12-31 | R$1.08 Billion | +354.87% |
| 2019-12-31 | R$236.79 Million | -7.47% |
| 2018-12-31 | R$255.92 Million | +10.23% |
| 2017-12-31 | R$232.17 Million | -18.24% |
| 2016-12-31 | R$283.95 Million | -45.10% |
| 2015-12-31 | R$517.20 Million | -5.72% |
| 2014-12-31 | R$548.57 Million | +81.53% |
| 2013-12-31 | R$302.20 Million | +1075.04% |
| 2012-12-31 | R$25.72 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to 3R Petroleum Óleo e Gás S.A'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 31200900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$297.18 Million | 5.41% |
| Common Stock | R$5.06 Billion | 92.05% |
| Other Comprehensive Income | R$139.47 Million | 2.54% |
| Total Equity | R$5.49 Billion | 100.00% |
3R Petroleum Óleo e Gás S.A Competitors by Market Cap
The table below lists competitors of 3R Petroleum Óleo e Gás S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chow Tai Seng Jewellery Co Ltd
SHE:002867
|
$625.45 Million |
|
Nickel Mines Limited
PINK:NICMF
|
$625.69 Million |
|
Global New Material International Holdings Limited
F:69Y
|
$625.83 Million |
|
Storage Vault Canada Inc
PINK:SVAUF
|
$626.18 Million |
|
Beijing Balance Medical Technology Co Ltd
SHG:688198
|
$625.31 Million |
|
He Bei Cheng De LoLo Co Ltd
SHE:000848
|
$625.20 Million |
|
Sixt SE Pfd.
LSE:0NW8
|
$625.19 Million |
|
Stagwell Inc
NASDAQ:STGW
|
$625.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in 3R Petroleum Óleo e Gás S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 4,282,439,000 to 5,492,437,000, a change of 1,209,998,000 (28.3%).
- Net income of 405,234,000 contributed positively to equity growth.
- New share issuances of 915,167,000 increased equity.
- Other comprehensive income decreased equity by 4,048,000.
- Other factors decreased equity by 106,355,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$405.23 Million | +7.38% |
| Share Issuances | R$915.17 Million | +16.66% |
| Other Comprehensive Income | R$-4.05 Million | -0.07% |
| Other Changes | R$-106.36 Million | -1.94% |
| Total Change | R$- | 28.25% |
Book Value vs Market Value Analysis
This analysis compares 3R Petroleum Óleo e Gás S.A'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: 0.67x
- 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 9.29x to 0.67x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | R$1.75 | R$16.26 | x |
| 2013-12-31 | R$20.58 | R$16.26 | x |
| 2014-12-31 | R$24.28 | R$16.26 | x |
| 2015-12-31 | R$21.76 | R$16.26 | x |
| 2016-12-31 | R$363.19 | R$16.26 | x |
| 2017-12-31 | R$2.16 | R$16.26 | x |
| 2018-12-31 | R$2.38 | R$16.26 | x |
| 2019-12-31 | R$2.22 | R$16.26 | x |
| 2020-12-31 | R$9.68 | R$16.26 | x |
| 2021-12-31 | R$27.57 | R$16.26 | x |
| 2022-12-31 | R$20.62 | R$16.26 | x |
| 2023-12-31 | R$24.17 | R$16.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently 3R Petroleum Óleo e Gás S.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.38%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.21%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 3.66x
- Recent ROE (7.38%) is above the historical average (-6.57%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -29.97% | 0.00% | 0.00x | 1.01x | R$-10.28 Million |
| 2013 | -3.49% | 0.00% | 0.00x | 1.00x | R$-40.77 Million |
| 2014 | 10.80% | 78.92% | 0.07x | 1.83x | R$2.85 Million |
| 2015 | -17.12% | -103.32% | 0.09x | 1.82x | R$-86.36 Million |
| 2016 | 16.14% | 220.44% | 0.04x | 1.85x | R$17.43 Million |
| 2017 | -22.68% | -151.16% | 0.08x | 1.95x | R$-75.87 Million |
| 2018 | -4.60% | -34.93% | 0.08x | 1.66x | R$-37.36 Million |
| 2019 | -13.50% | -98.66% | 0.08x | 1.67x | R$-55.65 Million |
| 2020 | -25.67% | -135.39% | 0.10x | 1.96x | R$-384.24 Million |
| 2021 | 0.39% | 2.20% | 0.13x | 1.33x | R$-394.80 Million |
| 2022 | 3.49% | 8.68% | 0.22x | 1.86x | R$-278.67 Million |
| 2023 | 7.38% | 7.21% | 0.28x | 3.66x | R$-144.01 Million |
Industry Comparison
This section compares 3R Petroleum Óleo e Gás S.A'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: $3,902,386,000
- Average return on equity (ROE) among peers: 10.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| 3R Petroleum Óleo e Gás S.A (RRRP3) | R$5.02 Billion | -29.97% | 3.33x | $625.31 Million |
| 3R Petroleum Oleo E Gas SA Ordinary Shares (BRAV3) | $10.52 Billion | -8.64% | 3.23x | $1.28 Billion |
| GeoPark Limited (GPRK34) | $203.29 Million | 47.41% | 4.90x | $158.72 Million |
| Petroreconcavo S.A (RECV3) | $980.20 Million | -8.34% | 1.12x | $433.71 Million |