Cardinal Energy Ltd (CJ) - Net Assets
Based on the latest financial reports, Cardinal Energy Ltd (CJ) has net assets worth CA$925.38 Million CAD (≈ $669.40 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$1.40 Billion ≈ $1.01 Billion USD) and total liabilities (CA$469.85 Million ≈ $339.88 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. Also explore total assets of Cardinal Energy Ltd for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$925.38 Million |
| % of Total Assets | 66.32% |
| 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. Check Cardinal Energy Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.
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. For live valuation and market cap data, see CJ market cap.
| 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 |
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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 |
|---|---|
|
Golden Ocean Group Limited
F:KT31
|
$1.39 Billion |
|
Global Ship Lease Inc
NYSE:GSL
|
$1.39 Billion |
|
Befesa SA
XETRA:BFSA
|
$1.39 Billion |
|
Taiwan Fertilizer Co Ltd
TW:1722
|
$1.39 Billion |
|
Telkom
JSE:TKG
|
$1.39 Billion |
|
Xinhua Winshare Publishing and Media Co Ltd
SHG:601811
|
$1.39 Billion |
|
Jangho Group Co Ltd
SHG:601886
|
$1.39 Billion |
|
Kernel Holding SA
F:0KE
|
$1.39 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: 2.13x
- 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 6.25x to 2.13x 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$10.99 | x |
| 2013-12-31 | CA$9.18 | CA$10.99 | x |
| 2014-12-31 | CA$16.66 | CA$10.99 | x |
| 2015-12-31 | CA$11.56 | CA$10.99 | x |
| 2016-12-31 | CA$9.29 | CA$10.99 | x |
| 2017-12-31 | CA$7.97 | CA$10.99 | x |
| 2018-12-31 | CA$6.85 | CA$10.99 | x |
| 2019-12-31 | CA$6.40 | CA$10.99 | x |
| 2020-12-31 | CA$3.29 | CA$10.99 | x |
| 2021-12-31 | CA$4.65 | CA$10.99 | x |
| 2022-12-31 | CA$5.86 | CA$10.99 | x |
| 2023-12-31 | CA$5.75 | CA$10.99 | x |
| 2024-12-31 | CA$5.72 | CA$10.99 | x |
| 2025-12-31 | CA$5.16 | CA$10.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cardinal Energy Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.49%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.73%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.62x
- Recent ROE (2.49%) is above the historical average (-1.46%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -6.23% | -95.86% | 0.05x | 1.34x | CA$-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: $457,371,755
- Average return on equity (ROE) among peers: -0.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cardinal Energy Ltd (CJ) | CA$925.38 Million | -6.23% | 0.51x | $1.39 Billion |
| Advantage Oil & Gas Ltd. (AAV) | $322.14 Million | 13.71% | 0.78x | $1.30 Billion |
| Africa Energy Corp (AFE) | $6.83 Million | -46.80% | 0.08x | $74.52 Million |
| Alvopetro Energy (ALV) | $76.41 Million | 41.53% | 0.29x | $257.74 Million |
| Africa Oil Corp (AOI) | $169.05 Million | -2.35% | 0.05x | $820.85 Million |
| Altima Resources Ltd (ARH) | $-4.31 Million | 0.00% | 0.00x | $19.37 Million |
| ARC Resources Ltd. (ARX) | $816.79 Million | 17.22% | 0.69x | $13.71 Billion |
| Athabasca Oil Corp (ATH) | $3.15 Billion | 4.51% | 0.25x | $3.47 Billion |
| Altai Resources Inc. (ATI) | $4.55 Million | -0.95% | 0.10x | $1.12 Million |
| Avanti Energy Inc (AVN) | $4.39 Million | -54.15% | 0.08x | $24.04 Million |
| Arrow Exploration Corp (AXL) | $23.96 Million | 23.76% | 0.72x | $111.67 Million |
About Cardinal Energy Ltd
Cardinal Energy Ltd. engages in the acquisition, exploration, development, optimization, and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan in Canada. The company was incorporated in 2010 and is headquartered in Calgary, Canada.