Tethys Oil AB

ST:TETY Sweden Oil & Gas E&P
Market Cap
$167.41 Million
Skr1.88 Billion SEK
Market Cap Rank
#17194 Global
#163 in Sweden
Share Price
Skr58.20
Change (1 day)
+0.00%
52-Week Range
Skr58.20 - Skr58.20
All Time High
Skr86.27
Categories
Companies in Sweden Oil & Gas E&P
About

Tethys Oil AB (publ) explores for and produces oil and natural gas properties in the Sultanate of Oman. It holds 100% interests in the Block 49 covering approximately 15,439 square kilometers; 30% interest in the Blocks 3&4 covering approximately 29,130 square kilometers; 65% interest in the Block 56 covering approximately 5,808 square kilometers; and 100% interest in the Block 58 covering approx… Read more

Tethys Oil AB (TETY) - Net Assets

Latest net assets as of September 2024: Skr269.60 Million SEK

Based on the latest financial reports, Tethys Oil AB (TETY) has net assets worth Skr269.60 Million SEK as of September 2024.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr311.10 Million) and total liabilities (Skr41.50 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 Skr269.60 Million
% of Total Assets 86.66%
Annual Growth Rate 23.92%
5-Year Change -6.51%
10-Year Change 19.77%
Growth Volatility 387.36

Tethys Oil AB - Net Assets Trend (2003–2023)

This chart illustrates how Tethys Oil AB's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Tethys Oil AB (2003–2023)

The table below shows the annual net assets of Tethys Oil AB from 2003 to 2023.

Year Net Assets Change
2023-12-31 Skr258.30 Million -9.43%
2022-12-31 Skr285.20 Million +11.15%
2021-12-31 Skr256.60 Million -0.43%
2020-12-31 Skr257.70 Million -6.73%
2019-12-31 Skr276.30 Million +3.25%
2018-12-31 Skr267.60 Million +17.11%
2017-12-31 Skr228.50 Million +16.05%
2016-12-31 Skr196.90 Million -11.18%
2015-12-31 Skr221.69 Million +2.80%
2014-12-31 Skr215.66 Million +25.74%
2013-12-31 Skr171.50 Million +29.80%
2012-12-31 Skr132.13 Million +99.60%
2011-12-31 Skr66.20 Million +17.72%
2010-12-31 Skr56.23 Million +98.44%
2009-12-31 Skr28.34 Million +25.95%
2008-12-31 Skr22.50 Million -78.20%
2007-12-31 Skr103.20 Million +8.37%
2006-12-31 Skr95.23 Million +81.82%
2005-12-31 Skr52.38 Million -21.53%
2004-12-31 Skr66.74 Million +1784.33%
2003-12-31 Skr3.54 Million --

Equity Component Analysis

This analysis shows how different components contribute to Tethys Oil AB'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 17920000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2023)

Component Amount Percentage
Retained Earnings Skr179.20 Million 69.38%
Common Stock Skr800.00K 0.31%
Other Comprehensive Income Skr200.00K 0.08%
Other Components Skr78.10 Million 30.24%
Total Equity Skr258.30 Million 100.00%

Tethys Oil AB Competitors by Market Cap

The table below lists competitors of Tethys Oil AB ranked by their market capitalization.

Company Market Cap
SIERRA MADRE GOLD AND SIL
F:409
 		$127.57 Million
Caswell Inc
TW:6416
 		$127.60 Million
Sichuan Langsha Holding Ltd
SHG:600137
 		$127.61 Million
Diana Shipping Inc.
NYSE:DSX
 		$127.61 Million
CMG Pharmaceutical Co. Ltd
KQ:058820
 		$127.53 Million
Audix Corp
TW:2459
 		$127.51 Million
Guan Chong Bhd
KLSE:5102
 		$127.50 Million
Frontera Energy Corp
PINK:FECCF
 		$127.48 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Tethys Oil AB's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2022 to 2023, total equity changed from 285,200,000 to 258,300,000, a change of -26,900,000 (-9.4%).
  • Net loss of 16,500,000 reduced equity.
  • Dividend payments of 6,100,000 reduced retained earnings.
  • Share repurchases of 11,400,000 reduced equity.
  • New share issuances of 1,000,000 increased equity.
  • Other comprehensive income increased equity by 5,799,999.

Equity Change Factors (2022 to 2023)

Factor Impact Contribution
Net Income Skr-16.50 Million -6.39%
Dividends Paid Skr6.10 Million -2.36%
Share Repurchases Skr11.40 Million -4.41%
Share Issuances Skr1.00 Million +0.39%
Other Comprehensive Income Skr5.80 Million +2.25%
Other Changes Skr300.00K +0.12%
Total Change Skr- -9.43%

Book Value vs Market Value Analysis

This analysis compares Tethys Oil AB'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: 7.23x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 62.03x to 7.23x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2008-12-31 Skr0.94 Skr58.20 x
2009-12-31 Skr1.08 Skr58.20 x
2010-12-31 Skr1.73 Skr58.20 x
2011-12-31 Skr2.03 Skr58.20 x
2012-12-31 Skr3.72 Skr58.20 x
2013-12-31 Skr4.83 Skr58.20 x
2014-12-31 Skr6.07 Skr58.20 x
2015-12-31 Skr6.34 Skr58.20 x
2016-12-31 Skr5.73 Skr58.20 x
2017-12-31 Skr6.65 Skr58.20 x
2018-12-31 Skr7.84 Skr58.20 x
2019-12-31 Skr8.05 Skr58.20 x
2020-12-31 Skr7.73 Skr58.20 x
2021-12-31 Skr7.86 Skr58.20 x
2022-12-31 Skr8.73 Skr58.20 x
2023-12-31 Skr8.05 Skr58.20 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Tethys Oil AB 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): -6.39%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -11.94%
  • • Asset Turnover: 0.47x
  • • Equity Multiplier: 1.13x
  • Recent ROE (-6.39%) is below the historical average (10.66%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2008 -9.28% 0.00% 0.00x 1.02x Skr-4.34 Million
2009 -20.96% 0.00% 0.00x 1.10x Skr-8.77 Million
2010 21.07% 723.56% 0.03x 1.01x Skr6.22 Million
2011 15.14% 66.63% 0.22x 1.02x Skr3.41 Million
2012 36.50% 53.76% 0.42x 1.60x Skr35.02 Million
2013 21.83% 40.58% 0.38x 1.42x Skr20.28 Million
2014 20.90% 33.46% 0.58x 1.08x Skr23.50 Million
2015 10.62% 21.88% 0.42x 1.16x Skr1.37 Million
2016 1.37% 3.10% 0.36x 1.21x Skr-16.99 Million
2017 14.49% 27.61% 0.49x 1.07x Skr10.25 Million
2018 23.24% 39.54% 0.54x 1.09x Skr35.44 Million
2019 13.86% 25.40% 0.50x 1.09x Skr10.67 Million
2020 1.28% 3.26% 0.36x 1.09x Skr-22.47 Million
2021 6.51% 14.82% 0.40x 1.11x Skr-8.96 Million
2022 20.44% 37.25% 0.50x 1.11x Skr29.78 Million
2023 -6.39% -11.94% 0.47x 1.13x Skr-42.33 Million

Industry Comparison

This section compares Tethys Oil AB'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: $49,131,313
  • Average return on equity (ROE) among peers: -13.32%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Tethys Oil AB (TETY) Skr269.60 Million -9.28% 0.15x $127.55 Million
Maha Energy AB (publ) (MAHA-A) $98.56 Million -26.64% 0.17x $90.94 Million
Meren Energy (MER) $-294.80K 0.00% 0.00x $575.75 Million