MEG Energy Corp (MEG) - Net Assets

Latest as of September 2025: CA$4.76 Billion CAD ≈ $3.44 Billion USD

Based on the latest financial reports, MEG Energy Corp (MEG) has net assets worth CA$4.76 Billion CAD (≈ $3.44 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$6.98 Billion ≈ $5.05 Billion USD) and total liabilities (CA$2.22 Billion ≈ $1.61 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.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$4.76 Billion
% of Total Assets	68.18%
Annual Growth Rate	4.9%
5-Year Change	29.86%
10-Year Change	23.79%
Growth Volatility	16.02

MEG Energy Corp - Net Assets Trend (2008–2024)

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

Annual Net Assets for MEG Energy Corp (2008–2024)

The table below shows the annual net assets of MEG Energy Corp from 2008 to 2024.

Year	Net Assets	Change
2024-12-31	CA$4.55 Billion ≈ $3.29 Billion	+0.57%
2023-12-31	CA$4.53 Billion ≈ $3.27 Billion	+3.29%
2022-12-31	CA$4.38 Billion ≈ $3.17 Billion	+15.10%
2021-12-31	CA$3.81 Billion ≈ $2.75 Billion	+8.61%
2020-12-31	CA$3.51 Billion ≈ $2.54 Billion	-9.01%
2019-12-31	CA$3.85 Billion ≈ $2.79 Billion	-0.84%
2018-12-31	CA$3.89 Billion ≈ $2.81 Billion	-1.98%
2017-12-31	CA$3.96 Billion ≈ $2.87 Billion	+20.61%
2016-12-31	CA$3.29 Billion ≈ $2.38 Billion	-10.63%
2015-12-31	CA$3.68 Billion ≈ $2.66 Billion	-22.87%
2014-12-31	CA$4.77 Billion ≈ $3.45 Billion	-0.42%
2013-12-31	CA$4.79 Billion ≈ $3.46 Billion	-1.69%
2012-12-31	CA$4.87 Billion ≈ $3.52 Billion	+22.25%
2011-12-31	CA$3.98 Billion ≈ $2.88 Billion	+3.46%
2010-12-31	CA$3.85 Billion ≈ $2.79 Billion	+24.37%
2009-12-31	CA$3.10 Billion ≈ $2.24 Billion	+46.17%
2008-12-31	CA$2.12 Billion ≈ $1.53 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to MEG Energy 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 10843100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	CA$4.57 Billion	100.40%
Other Components	CA$224.00 Million	4.92%
Total Equity	CA$4.55 Billion	100.00%

MEG Energy Corp Competitors by Market Cap

The table below lists competitors of MEG Energy Corp ranked by their market capitalization.

Company	Market Cap
FTI Consulting Inc NYSE:FCN	$5.69 Billion
Qilu Bank Co Ltd SHG:601665	$5.69 Billion
Amorepacific Corp. (New) KO:090430	$5.70 Billion
Hyundai Motor Co Pref KO:005387	$5.70 Billion
Zhejiang Sanmei Chemical Industry Co Ltd SHG:603379	$5.68 Billion
Bank of Suzhou SHE:002966	$5.68 Billion
Pandora A/S CO:PNDORA	$5.68 Billion
VisEra Technologies Co. Ltd. TW:6789	$5.68 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 4,527,000,000 to 4,553,000,000, a change of 26,000,000 (0.6%).
Net income of 507,000,000 contributed positively to equity growth.
Dividend payments of 27,000,000 reduced retained earnings.
Share repurchases of 462,000,000 reduced equity.
New share issuances of 1,000,000 increased equity.
Other comprehensive income decreased equity by 33,000,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CA$507.00 Million	+11.14%
Dividends Paid	CA$27.00 Million	-0.59%
Share Repurchases	CA$462.00 Million	-10.15%
Share Issuances	CA$1.00 Million	+0.02%
Other Comprehensive Income	CA$-33.00 Million	-0.72%
Other Changes	CA$40.00 Million	+0.88%
Total Change	CA$-	0.57%

Book Value vs Market Value Analysis

This analysis compares MEG Energy 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: 1.77x
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
2008-12-31	CA$16.89	CA$30.89	x
2009-12-31	CA$21.57	CA$30.89	x
2010-12-31	CA$21.00	CA$30.89	x
2011-12-31	CA$20.14	CA$30.89	x
2012-12-31	CA$24.36	CA$30.89	x
2013-12-31	CA$21.59	CA$30.89	x
2014-12-31	CA$21.35	CA$30.89	x
2015-12-31	CA$16.38	CA$30.89	x
2016-12-31	CA$14.54	CA$30.89	x
2017-12-31	CA$13.70	CA$30.89	x
2018-12-31	CA$13.14	CA$30.89	x
2019-12-31	CA$12.89	CA$30.89	x
2020-12-31	CA$11.61	CA$30.89	x
2021-12-31	CA$12.24	CA$30.89	x
2022-12-31	CA$14.18	CA$30.89	x
2023-12-31	CA$15.72	CA$30.89	x
2024-12-31	CA$17.50	CA$30.89	x

Capital Efficiency Dashboard

This dashboard shows how efficiently MEG Energy 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): 11.14%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 9.85%
• Asset Turnover: 0.76x
• Equity Multiplier: 1.48x
Recent ROE (11.14%) is above the historical average (-0.74%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2008	-8.50%	0.00%	0.00x	1.47x	CA$-391.80 Million
2009	1.65%	213.28%	0.01x	1.38x	CA$-258.44 Million
2010	1.04%	5.37%	0.15x	1.30x	CA$-344.98 Million
2011	1.60%	6.18%	0.17x	1.56x	CA$-334.57 Million
2012	1.08%	4.88%	0.13x	1.65x	CA$-434.48 Million
2013	-3.48%	-12.12%	0.15x	1.97x	CA$-645.25 Million
2014	-2.21%	-3.59%	0.30x	2.08x	CA$-582.36 Million
2015	-31.80%	-60.09%	0.21x	2.56x	CA$-1.54 Billion
2016	-13.04%	-22.87%	0.21x	2.71x	CA$-757.40 Million
2017	4.19%	6.75%	0.26x	2.36x	CA$-230.44 Million
2018	-3.07%	-4.30%	0.33x	2.16x	CA$-507.75 Million
2019	-1.61%	-1.56%	0.51x	2.04x	CA$-447.30 Million
2020	-10.18%	-15.51%	0.32x	2.06x	CA$-707.60 Million
2021	7.43%	6.44%	0.58x	1.99x	CA$-97.80 Million
2022	20.58%	14.22%	0.90x	1.60x	CA$463.70 Million
2023	12.57%	10.07%	0.82x	1.52x	CA$116.30 Million
2024	11.14%	9.85%	0.76x	1.48x	CA$51.70 Million

Industry Comparison

This section compares MEG Energy 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: $400,345,367
Average return on equity (ROE) among peers: -12.54%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
MEG Energy Corp (MEG)	CA$4.76 Billion	-8.50%	0.47x	$5.68 Billion
Advantage Oil & Gas Ltd. (AAV)	$817.74 Million	-3.90%	1.67x	$1.15 Billion
Africa Energy Corp (AFE)	$41.44 Million	-11.19%	0.01x	$81.46 Million
Alvopetro Energy (ALV)	$47.42 Million	-0.52%	0.06x	$222.67 Million
Africa Oil Corp (AOI)	$5.79 Million	-13.53%	0.01x	$820.85 Million
Altima Resources Ltd (ARH)	$-2.40 Million	0.00%	0.00x	$19.37 Million
ARC Resources Ltd. (ARX)	$1.84 Billion	19.45%	0.77x	$10.73 Billion
Athabasca Oil Corp (ATH)	$1.22 Billion	15.08%	0.72x	$3.89 Billion
Altai Resources Inc. (ATI)	$22.21 Million	-2.68%	0.02x	$1.42 Million
Avanti Energy Inc (AVN)	$15.44 Million	-68.41%	0.11x	$24.04 Million
Arrow Exploration Corp (AXL)	$143.88K	-59.73%	0.06x	$82.72 Million

About MEG Energy Corp

TO:MEG Canada Oil & Gas E&P

Market Cap

$5.68 Billion

CA$7.86 Billion CAD

Market Cap Rank

#3282 Global

#110 in Canada

Share Price

CA$30.89

Change (1 day)

+0.72%

52-Week Range

CA$19.34 - CA$30.90

All Time High

CA$33.29