Cardinal Energy Ltd (CJ) - Net Assets

Latest as of June 2026: CA$969.62 Million CAD ≈ $701.41 Million USD

Based on the latest financial reports, Cardinal Energy Ltd (CJ) has net assets worth CA$969.62 Million CAD (≈ $701.41 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$1.43 Billion ≈ $1.04 Billion USD) and total liabilities (CA$463.32 Million ≈ $335.16 Million 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 strategic asset allocation of Cardinal Energy Ltd to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$969.62 Million
% of Total Assets	67.67%
Annual Growth Rate	22.25%
5-Year Change	16.16%
10-Year Change	28.32%
Growth Volatility	123.52

Cardinal Energy Ltd - Net Assets Trend (2012–2025)

This chart illustrates how Cardinal Energy Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Cardinal Energy Ltd (CJ) total market value.

Annual Net Assets for Cardinal Energy Ltd (2012–2025)

The table below shows the annual net assets of Cardinal Energy Ltd from 2012 to 2025. Also explore CJ net asset momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	CA$835.47 Million ≈ $604.36 Million	-9.02%
2024-12-31	CA$918.26 Million ≈ $664.25 Million	-0.26%
2023-12-31	CA$920.69 Million ≈ $666.01 Million	-0.51%
2022-12-31	CA$925.37 Million ≈ $669.40 Million	+28.66%
2021-12-31	CA$719.23 Million ≈ $520.28 Million	+92.90%
2020-12-31	CA$372.85 Million ≈ $269.71 Million	-49.47%
2019-12-31	CA$737.90 Million ≈ $533.79 Million	-6.90%
2018-12-31	CA$792.62 Million ≈ $573.37 Million	+5.69%
2017-12-31	CA$749.96 Million ≈ $542.51 Million	+15.19%
2016-12-31	CA$651.08 Million ≈ $470.98 Million	-4.32%
2015-12-31	CA$680.45 Million ≈ $492.22 Million	-9.02%
2014-12-31	CA$747.93 Million ≈ $541.04 Million	+122.03%
2013-12-31	CA$336.86 Million ≈ $243.68 Million	+449.45%
2012-12-31	CA$61.31 Million ≈ $44.35 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Cardinal Energy Ltd'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 29835300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	CA$1.13 Billion	134.79%
Other Comprehensive Income	CA$1.03 Million	0.12%
Other Components	CA$10.47 Million	1.25%
Total Equity	CA$835.47 Million	100.00%

Cardinal Energy Ltd Competitors by Market Cap

The table below lists competitors of Cardinal Energy Ltd ranked by their market capitalization.

Company	Market Cap
Nazara Technologies Limited NSE:NAZARA	$1.51 Billion
Tong Hsing Electronic Industries Ltd TW:6271	$1.51 Billion
Minera Valparaiso S.A. SN:MINERA	$1.51 Billion
SIGMAROC PLC LS -01 F:M2I2	$1.51 Billion
NP3 Fastigheter AB ST:NP3	$1.51 Billion
SL Corp KO:005850	$1.51 Billion
Killam Apartment Real Estate Investment Trust TO:KMP-UN	$1.51 Billion
Energizer Holdings Inc NYSE:ENR	$1.51 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Cardinal Energy Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 918,259,000 to 835,466,000, a change of -82,793,000 (-9.0%).
Net income of 20,801,000 contributed positively to equity growth.
Dividend payments of 115,906,000 reduced retained earnings.
Share repurchases of 1,720,000 reduced equity.
Other comprehensive income increased equity by 1,032,000.
Other factors increased equity by 13,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CA$20.80 Million	+2.49%
Dividends Paid	CA$115.91 Million	-13.87%
Share Repurchases	CA$1.72 Million	-0.21%
Other Comprehensive Income	CA$1.03 Million	+0.12%
Other Changes	CA$13.00 Million	+1.56%
Total Change	CA$-	-9.02%

Book Value vs Market Value Analysis

This analysis compares Cardinal Energy Ltd'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: 2.30x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 6.76x to 2.30x 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	CA$1.76	CA$11.89	x
2013-12-31	CA$9.18	CA$11.89	x
2014-12-31	CA$16.66	CA$11.89	x
2015-12-31	CA$11.56	CA$11.89	x
2016-12-31	CA$9.29	CA$11.89	x
2017-12-31	CA$7.97	CA$11.89	x
2018-12-31	CA$6.85	CA$11.89	x
2019-12-31	CA$6.40	CA$11.89	x
2020-12-31	CA$3.29	CA$11.89	x
2021-12-31	CA$4.65	CA$11.89	x
2022-12-31	CA$5.86	CA$11.89	x
2023-12-31	CA$5.75	CA$11.89	x
2024-12-31	CA$5.72	CA$11.89	x
2025-12-31	CA$5.16	CA$11.89	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Cardinal Energy Ltd 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): 2.49%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.73%
• Asset Turnover: 0.32x
• Equity Multiplier: 1.62x
Recent ROE (2.49%) is above the historical average (-1.46%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2012	-6.23%	-95.86%	0.05x	1.34x	CA$-9.95 Million
2013	10.45%	98.46%	0.09x	1.20x	CA$1.51 Million
2014	7.19%	26.03%	0.23x	1.22x	CA$-20.99 Million
2015	-14.09%	-53.85%	0.18x	1.42x	CA$-163.94 Million
2016	-13.41%	-44.57%	0.21x	1.45x	CA$-152.43 Million
2017	-7.68%	-18.17%	0.26x	1.64x	CA$-132.59 Million
2018	7.64%	15.79%	0.32x	1.52x	CA$-18.72 Million
2019	-4.65%	-8.77%	0.34x	1.56x	CA$-108.13 Million
2020	-97.40%	-160.37%	0.30x	2.01x	CA$-400.44 Million
2021	39.54%	63.38%	0.42x	1.50x	CA$212.49 Million
2022	32.71%	40.80%	0.64x	1.25x	CA$210.15 Million
2023	11.25%	21.53%	0.41x	1.29x	CA$11.53 Million
2024	11.80%	17.73%	0.47x	1.41x	CA$16.53 Million
2025	2.49%	4.73%	0.32x	1.62x	CA$-62.75 Million

Industry Comparison

This section compares Cardinal Energy Ltd'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: $589,688,976
Average return on equity (ROE) among peers: -13.68%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Cardinal Energy Ltd (CJ)	CA$969.62 Million	-6.23%	0.48x	$1.51 Billion
Advantage Oil & Gas Ltd. (AAV)	$104.81 Million	-105.16%	0.62x	$1.21 Billion
Africa Energy Corp (AFE)	$75.11 Million	-1.46%	0.10x	$72.79 Million
Alvopetro Energy (ALV)	$79.36 Million	20.53%	0.27x	$266.31 Million
Africa Oil Corp (AOI)	$929.85 Million	-5.66%	0.06x	$820.85 Million
Altima Resources Ltd (ARH)	$-2.40 Million	0.00%	0.00x	$19.37 Million
ARC Resources Ltd. (ARX)	$1.55 Billion	15.60%	0.49x	$14.12 Billion
Athabasca Oil Corp (ATH)	$3.15 Billion	4.51%	0.25x	$3.62 Billion
Altai Resources Inc. (ATI)	$4.62 Million	0.85%	0.08x	$1.12 Million
Avanti Energy Inc (AVN)	$1.77 Million	-30.22%	0.01x	$24.04 Million
Arrow Exploration Corp (AXL)	$523.92K	-35.77%	0.40x	$140.62 Million

About Cardinal Energy Ltd

TO:CJ Canada Oil & Gas E&P

Market Cap

$1.51 Billion

CA$2.08 Billion CAD

Market Cap Rank

#7229 Global

#222 in Canada

Share Price

CA$11.89

Change (1 day)

-1.41%

52-Week Range

CA$7.59 - CA$13.13

All Time High

CA$13.13