Africa Oil Corp (AOI) - Net Assets
Based on the latest financial reports, Africa Oil Corp (AOI) has net assets worth CA$922.20 Million CAD (≈ $667.11 Million USD) as of March 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$2.51 Billion ≈ $1.82 Billion USD) and total liabilities (CA$1.59 Billion ≈ $1.15 Billion USD). 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. Check how resilient are Africa Oil Corp's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$922.20 Million |
| % of Total Assets | 36.75% |
| Annual Growth Rate | N/A |
| 5-Year Change | -27.24% |
| 10-Year Change | -44.67% |
| Growth Volatility | 628.87 |
Africa Oil Corp - Net Assets Trend (2000–2024)
This chart illustrates how Africa Oil Corp's net assets have evolved over time, based on quarterly financial data. Also explore Africa Oil Corp (AOI) total assets for the complete picture of this company's asset base.
Annual Net Assets for Africa Oil Corp (2000–2024)
The table below shows the annual net assets of Africa Oil Corp from 2000 to 2024. For live valuation and market cap data, see AOI market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$548.80 Million ≈ $396.99 Million |
-38.65% |
| 2023-12-31 | CA$894.60 Million ≈ $647.14 Million |
+7.71% |
| 2022-12-31 | CA$830.60 Million ≈ $600.84 Million |
-12.39% |
| 2021-12-31 | CA$948.06 Million ≈ $685.81 Million |
+25.69% |
| 2020-12-31 | CA$754.29 Million ≈ $545.64 Million |
-1.62% |
| 2019-12-31 | CA$766.70 Million ≈ $554.62 Million |
-16.85% |
| 2018-12-31 | CA$922.08 Million ≈ $667.02 Million |
-5.28% |
| 2017-12-31 | CA$973.45 Million ≈ $704.18 Million |
-0.41% |
| 2016-12-31 | CA$977.44 Million ≈ $707.07 Million |
-1.46% |
| 2015-12-31 | CA$991.88 Million ≈ $717.51 Million |
+24.44% |
| 2014-12-31 | CA$797.05 Million ≈ $576.57 Million |
-14.28% |
| 2013-12-31 | CA$929.85 Million ≈ $672.64 Million |
+78.76% |
| 2012-12-31 | CA$520.15 Million ≈ $376.27 Million |
+88.50% |
| 2011-12-31 | CA$275.95 Million ≈ $199.62 Million |
+63.23% |
| 2010-12-31 | CA$169.05 Million ≈ $122.29 Million |
+89.45% |
| 2009-12-31 | CA$89.23 Million ≈ $64.55 Million |
+258.73% |
| 2008-12-31 | CA$24.87 Million ≈ $17.99 Million |
+0.80% |
| 2007-12-31 | CA$24.68 Million ≈ $17.85 Million |
+326.47% |
| 2006-12-31 | CA$5.79 Million ≈ $4.19 Million |
+132.90% |
| 2005-12-31 | CA$2.48 Million ≈ $1.80 Million |
+2963.19% |
| 2004-12-31 | CA$81.11K ≈ $58.67K |
+1771.25% |
| 2003-12-31 | CA$-4.85K ≈ $-3.51K |
-111.39% |
| 2002-12-31 | CA$42.61K ≈ $30.82K |
+111.08% |
| 2001-12-31 | CA$-384.53K ≈ $-278.16K |
-30.44% |
| 2000-12-31 | CA$-294.80K ≈ $-213.26K |
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Equity Component Analysis
This analysis shows how different components contribute to Africa Oil 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 72941785200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$1.28 Billion | 233.75% |
| Total Equity | CA$548.80 Million | 100.00% |
Africa Oil Corp Competitors by Market Cap
The table below lists competitors of Africa Oil Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gubra A/S
CO:GUBRA
|
$820.85 Million |
|
Lotte Rental Co Ltd
KO:089860
|
$820.93 Million |
|
Yieh Phui Enterprise Co Ltd
TW:2023
|
$820.95 Million |
|
Indus Holding AG
XETRA:INH
|
$821.23 Million |
|
Inly Media Co Ltd
SHG:603598
|
$820.83 Million |
|
Chengdu B-ray Media Co Ltd
SHG:600880
|
$820.74 Million |
|
Kalvista Pharmaceuticals Inc
NASDAQ:KALV
|
$820.37 Million |
|
Fujian MinDong Electric Power Co Ltd
SHE:000993
|
$820.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Africa Oil Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 894,600,000 to 548,800,000, a change of -345,800,000 (-38.7%).
- Net loss of 279,100,000 reduced equity.
- Dividend payments of 22,600,000 reduced retained earnings.
- Share repurchases of 45,300,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-279.10 Million | -50.86% |
| Dividends Paid | CA$22.60 Million | -4.12% |
| Share Repurchases | CA$45.30 Million | -8.25% |
| Other Changes | CA$1.20 Million | +0.22% |
| Total Change | CA$- | -38.65% |
Book Value vs Market Value Analysis
This analysis compares Africa Oil 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: 1.34x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | CA$-0.12 | CA$1.68 | x |
| 2001-12-31 | CA$-0.16 | CA$1.68 | x |
| 2002-12-31 | CA$0.01 | CA$1.68 | x |
| 2003-12-31 | CA$0.00 | CA$1.68 | x |
| 2004-12-31 | CA$0.02 | CA$1.68 | x |
| 2005-12-31 | CA$0.39 | CA$1.68 | x |
| 2006-12-31 | CA$0.45 | CA$1.68 | x |
| 2007-12-31 | CA$1.50 | CA$1.68 | x |
| 2008-12-31 | CA$1.41 | CA$1.68 | x |
| 2009-12-31 | CA$1.99 | CA$1.68 | x |
| 2010-12-31 | CA$1.99 | CA$1.68 | x |
| 2011-12-31 | CA$1.24 | CA$1.68 | x |
| 2012-12-31 | CA$2.14 | CA$1.68 | x |
| 2013-12-31 | CA$3.35 | CA$1.68 | x |
| 2014-12-31 | CA$2.56 | CA$1.68 | x |
| 2015-12-31 | CA$2.44 | CA$1.68 | x |
| 2016-12-31 | CA$2.14 | CA$1.68 | x |
| 2017-12-31 | CA$2.13 | CA$1.68 | x |
| 2018-12-31 | CA$1.97 | CA$1.68 | x |
| 2019-12-31 | CA$1.63 | CA$1.68 | x |
| 2020-12-31 | CA$1.60 | CA$1.68 | x |
| 2021-12-31 | CA$1.99 | CA$1.68 | x |
| 2022-12-31 | CA$1.75 | CA$1.68 | x |
| 2023-12-31 | CA$1.89 | CA$1.68 | x |
| 2024-12-31 | CA$1.25 | CA$1.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Africa Oil Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -50.86%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.12x
- Recent ROE (-50.86%) is below the historical average (-14.96%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-127.76K |
| 2001 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-68.31K |
| 2002 | -183.48% | 0.00% | 0.00x | 7.45x | CA$-82.44K |
| 2003 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-58.81K |
| 2004 | 22.33% | 0.00% | 0.00x | 1.43x | CA$10.00K |
| 2005 | -18.19% | 0.00% | 0.00x | 1.14x | CA$-700.48K |
| 2006 | -13.53% | 0.00% | 0.00x | 1.01x | CA$-1.36 Million |
| 2007 | 4.72% | 0.00% | 0.00x | 1.01x | CA$-1.30 Million |
| 2008 | -14.72% | 0.00% | 0.00x | 1.42x | CA$-6.15 Million |
| 2009 | -1.52% | 0.00% | 0.00x | 1.06x | CA$-10.28 Million |
| 2010 | -2.35% | 0.00% | 0.00x | 1.05x | CA$-20.88 Million |
| 2011 | -4.44% | 0.00% | 0.00x | 1.27x | CA$-34.61 Million |
| 2012 | -4.82% | 0.00% | 0.00x | 1.18x | CA$-70.05 Million |
| 2013 | -5.98% | 0.00% | 0.00x | 1.12x | CA$-140.77 Million |
| 2014 | -13.42% | 0.00% | 0.00x | 1.19x | CA$-186.64 Million |
| 2015 | -8.79% | 0.00% | 0.00x | 1.11x | CA$-186.38 Million |
| 2016 | -1.82% | 0.00% | 0.00x | 1.03x | CA$-115.51 Million |
| 2017 | -0.47% | 0.00% | 0.00x | 1.03x | CA$-101.88 Million |
| 2018 | -7.24% | 0.00% | 0.00x | 1.03x | CA$-158.92 Million |
| 2019 | -18.68% | 0.00% | 0.00x | 1.06x | CA$-219.87 Million |
| 2020 | -38.09% | 0.00% | 0.00x | 1.21x | CA$-362.74 Million |
| 2021 | -5.73% | 0.00% | 0.00x | 1.05x | CA$-149.09 Million |
| 2022 | -6.97% | 0.00% | 0.00x | 1.10x | CA$-140.96 Million |
| 2023 | 0.01% | 0.00% | 0.00x | 1.08x | CA$-89.37 Million |
| 2024 | -50.86% | 0.00% | 0.00x | 1.12x | CA$-333.98 Million |
Industry Comparison
This section compares Africa Oil Corp'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: $610,790,884
- Average return on equity (ROE) among peers: -13.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Africa Oil Corp (AOI) | CA$922.20 Million | 0.00% | 1.72x | $820.85 Million |
| Advantage Oil & Gas Ltd. (AAV) | $1.27 Billion | -1.67% | 1.21x | $1.22 Billion |
| Africa Energy Corp (AFE) | $189.46K | 0.00% | 0.21x | $71.06 Million |
| Alvopetro Energy (ALV) | $60.57 Million | -7.17% | 0.08x | $230.37 Million |
| Altima Resources Ltd (ARH) | $18.57 Million | -6.97% | 0.60x | $19.37 Million |
| ARC Resources Ltd. (ARX) | $3.16 Billion | 9.08% | 0.68x | $13.26 Billion |
| Athabasca Oil Corp (ATH) | $965.95 Million | -58.97% | 0.89x | $4.13 Billion |
| Altai Resources Inc. (ATI) | $4.45 Million | -2.56% | 0.07x | $1.42 Million |
| Avanti Energy Inc (AVN) | $159.53K | -53.64% | 0.35x | $24.04 Million |
| Arrow Exploration Corp (AXL) | $10.89 Million | -0.55% | 0.12x | $84.78 Million |
About Africa Oil Corp
Africa Oil Corp., together with its subsidiaries, operates as an oil and gas exploration and production company in Nigeria, Namibia, South Africa, and Equatorial Guinea. The company holds interests in producing and development assets in deep-water Nigeria. It also has a portfolio of development and exploration assets in the west and south of Africa. The company was formerly known as Canmex Minera… Read more