PHX Energy Services Corporation (PHX) - Net Assets

Latest as of September 2025: CA$223.17 Million CAD ≈ $161.44 Million USD

Based on the latest financial reports, PHX Energy Services Corporation (PHX) has net assets worth CA$223.17 Million CAD (≈ $161.44 Million 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$435.01 Million ≈ $314.68 Million USD) and total liabilities (CA$211.84 Million ≈ $153.24 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 PHX asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets CA$223.17 Million
% of Total Assets 51.3%
Annual Growth Rate 9.96%
5-Year Change 68.3%
10-Year Change 10.58%
Growth Volatility 21.23

PHX Energy Services Corporation - Net Assets Trend (2002–2024)

This chart illustrates how PHX Energy Services Corporation's net assets have evolved over time, based on quarterly financial data. Also explore PHX Energy Services Corporation balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for PHX Energy Services Corporation (2002–2024)

The table below shows the annual net assets of PHX Energy Services Corporation from 2002 to 2024. For live valuation and market cap data, see market value of PHX Energy Services Corporation.

Year Net Assets Change
2024-12-31 CA$222.21 Million
≈ $160.74 Million		 +5.83%
2023-12-31 CA$209.97 Million
≈ $151.89 Million		 +18.71%
2022-12-31 CA$176.88 Million
≈ $127.95 Million		 +31.57%
2021-12-31 CA$134.43 Million
≈ $97.25 Million		 +1.82%
2020-12-31 CA$132.03 Million
≈ $95.51 Million		 -11.35%
2019-12-31 CA$148.94 Million
≈ $107.74 Million		 -11.56%
2018-12-31 CA$168.41 Million
≈ $121.83 Million		 -7.23%
2017-12-31 CA$181.54 Million
≈ $131.32 Million		 +1.77%
2016-12-31 CA$178.39 Million
≈ $129.04 Million		 -11.22%
2015-12-31 CA$200.94 Million
≈ $145.36 Million		 +0.49%
2014-12-31 CA$199.96 Million
≈ $144.65 Million		 +0.75%
2013-12-31 CA$198.48 Million
≈ $143.58 Million		 +72.45%
2012-12-31 CA$115.09 Million
≈ $83.26 Million		 +1.08%
2011-12-31 CA$113.87 Million
≈ $82.37 Million		 +11.15%
2010-12-31 CA$102.44 Million
≈ $74.11 Million		 +12.02%
2009-12-31 CA$91.45 Million
≈ $66.16 Million		 +1.39%
2008-12-31 CA$90.20 Million
≈ $65.25 Million		 +50.68%
2007-12-31 CA$59.86 Million
≈ $43.30 Million		 +1.62%
2006-12-31 CA$58.91 Million
≈ $42.61 Million		 +9.93%
2005-12-31 CA$53.59 Million
≈ $38.76 Million		 +35.92%
2004-12-31 CA$39.43 Million
≈ $28.52 Million		 +40.49%
2003-12-31 CA$28.06 Million
≈ $20.30 Million		 +2.07%
2002-12-31 CA$27.49 Million
≈ $19.89 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to PHX Energy Services Corporation'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 713.5% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock CA$203.84 Million 91.74%
Other Comprehensive Income CA$39.47 Million 17.76%
Other Components CA$7.19 Million 3.24%
Total Equity CA$222.21 Million 100.00%

PHX Energy Services Corporation Competitors by Market Cap

The table below lists competitors of PHX Energy Services Corporation ranked by their market capitalization.

Company Market Cap
Tellgen Corp
SHE:300642
 $392.70 Million
Guangdong Hongteo Accurate Technology Co Ltd
SHE:300176
 $392.73 Million
Holtek Semiconductor Inc
TW:6202
 $392.78 Million
PetroVietnam Transportation Corp
VN:PVT
 $392.80 Million
VT Industrial Technology Co Ltd
SHE:300707
 $392.41 Million
Vaibhav Global Limited
NSE:VAIBHAVGBL
 $392.20 Million
Jilin Jlu Communication Design Institute Co Ltd
SHE:300597
 $392.08 Million
ZheJiang HuaSheng Technology Co.Ltd
SHG:605180
 $391.97 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 209,969,000 to 222,205,000, a change of 12,236,000 (5.8%).
  • Net income of 54,622,000 contributed positively to equity growth.
  • Dividend payments of 37,570,000 reduced retained earnings.
  • Share repurchases of 20,614,000 reduced equity.
  • Other comprehensive income increased equity by 13,623,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CA$54.62 Million +24.58%
Dividends Paid CA$37.57 Million -16.91%
Share Repurchases CA$20.61 Million -9.28%
Other Comprehensive Income CA$13.62 Million +6.13%
Other Changes CA$2.17 Million +0.98%
Total Change CA$- 5.83%

Book Value vs Market Value Analysis

This analysis compares PHX Energy Services Corporation'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: 2.64x
  • 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 6.83x to 2.64x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2002-12-31 CA$1.83 CA$12.49 x
2003-12-31 CA$1.65 CA$12.49 x
2004-12-31 CA$2.11 CA$12.49 x
2005-12-31 CA$2.52 CA$12.49 x
2006-12-31 CA$2.63 CA$12.49 x
2007-12-31 CA$2.67 CA$12.49 x
2008-12-31 CA$3.77 CA$12.49 x
2009-12-31 CA$3.71 CA$12.49 x
2010-12-31 CA$3.80 CA$12.49 x
2011-12-31 CA$4.03 CA$12.49 x
2012-12-31 CA$4.08 CA$12.49 x
2013-12-31 CA$6.70 CA$12.49 x
2014-12-31 CA$5.69 CA$12.49 x
2015-12-31 CA$5.22 CA$12.49 x
2016-12-31 CA$3.86 CA$12.49 x
2017-12-31 CA$3.14 CA$12.49 x
2018-12-31 CA$2.89 CA$12.49 x
2019-12-31 CA$2.65 CA$12.49 x
2020-12-31 CA$2.51 CA$12.49 x
2021-12-31 CA$2.60 CA$12.49 x
2022-12-31 CA$3.49 CA$12.49 x
2023-12-31 CA$3.98 CA$12.49 x
2024-12-31 CA$4.73 CA$12.49 x

Capital Efficiency Dashboard

This dashboard shows how efficiently PHX Energy Services Corporation 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): 24.58%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 8.28%
  • • Asset Turnover: 1.56x
  • • Equity Multiplier: 1.90x
  • Recent ROE (24.58%) is above the historical average (11.84%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2002 -4.38% -7.97% 0.36x 1.53x CA$-3.95 Million
2003 15.17% 12.05% 0.83x 1.51x CA$1.45 Million
2004 16.09% 14.46% 0.83x 1.33x CA$2.40 Million
2005 26.24% 20.24% 1.01x 1.28x CA$8.70 Million
2006 35.03% 20.77% 1.27x 1.33x CA$14.75 Million
2007 30.43% 15.76% 1.35x 1.43x CA$12.23 Million
2008 28.30% 15.53% 1.23x 1.48x CA$16.51 Million
2009 12.47% 9.95% 1.00x 1.26x CA$2.26 Million
2010 16.60% 8.62% 1.11x 1.73x CA$6.76 Million
2011 16.14% 7.08% 1.18x 1.93x CA$7.01 Million
2012 15.38% 5.87% 1.14x 2.30x CA$6.20 Million
2013 18.42% 9.61% 1.09x 1.77x CA$16.72 Million
2014 11.00% 4.22% 1.32x 1.97x CA$2.00 Million
2015 -21.15% -14.82% 0.98x 1.46x CA$-62.58 Million
2016 -26.08% -31.35% 0.60x 1.39x CA$-64.36 Million
2017 -12.96% -9.76% 0.98x 1.36x CA$-41.68 Million
2018 -11.25% -5.97% 1.20x 1.57x CA$-35.79 Million
2019 -1.49% -0.61% 1.31x 1.86x CA$-17.11 Million
2020 -5.21% -2.94% 1.08x 1.64x CA$-20.08 Million
2021 16.90% 6.49% 1.33x 1.95x CA$9.28 Million
2022 25.05% 8.27% 1.43x 2.12x CA$26.62 Million
2023 46.95% 15.02% 1.70x 1.84x CA$77.58 Million
2024 24.58% 8.28% 1.56x 1.90x CA$32.40 Million

Industry Comparison

This section compares PHX Energy Services Corporation's net assets metrics with peer companies in the Oil & Gas Drilling industry.

Industry Context

  • Industry: Oil & Gas Drilling
  • Average net assets among peers: $488,709,399
  • Average return on equity (ROE) among peers: -3.44%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
PHX Energy Services Corporation (PHX) CA$223.17 Million -4.38% 0.95x $392.59 Million
ACT Energy Technologies Ltd. (ACX) $16.38 Million 20.69% 0.52x $162.66 Million
Ensign Energy Services Inc (ESI) $1.46 Billion -11.17% 1.37x $523.66 Million
Precision Drilling Corporation (PD) $696.60 Million 16.87% 0.72x $1.20 Billion
Stampede Drilling Inc (SDI) $457.52K -13.26% 0.03x $30.37 Million
Western Energy Services Corp. (WRG) $267.09 Million -30.34% 1.06x $76.14 Million

About PHX Energy Services Corporation

TO:PHX Canada Oil & Gas Drilling
Market Cap
$408.18 Million
CA$564.27 Million CAD
Market Cap Rank
#13773 Global
#398 in Canada
Share Price
CA$12.49
Change (1 day)
+1.46%
52-Week Range
CA$6.92 - CA$13.99
All Time High
CA$13.99
Categories
Companies in Canada Oil & Gas Drilling
About

PHX Energy Services Corp. provides horizontal and directional drilling services, rents performance drilling motors, and sells motor equipment and parts to oil and natural gas exploration and development companies in Canada, the United States, Albania, the Middle East regions, and internationally. It offers Atlas motors; Velocity Real-Time Systems that provide downhole guidance systems; Echo syste… Read more