Parex Resources Inc (PXT) - Net Assets
Based on the latest financial reports, Parex Resources Inc (PXT) has net assets worth CA$1.91 Billion CAD (≈ $1.38 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$2.25 Billion ≈ $1.63 Billion USD) and total liabilities (CA$347.32 Million ≈ $251.24 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$1.91 Billion |
| % of Total Assets | 84.6% |
| Annual Growth Rate | N/A |
| 5-Year Change | 36.62% |
| 10-Year Change | 146.83% |
| Growth Volatility | 32.12 |
Parex Resources Inc - Net Assets Trend (2008–2024)
This chart illustrates how Parex Resources Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Parex Resources Inc (2008–2024)
The table below shows the annual net assets of Parex Resources Inc from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$1.83 Billion ≈ $1.32 Billion |
-6.35% |
| 2023-12-31 | CA$1.96 Billion ≈ $1.41 Billion |
+14.02% |
| 2022-12-31 | CA$1.71 Billion ≈ $1.24 Billion |
+23.05% |
| 2021-12-31 | CA$1.39 Billion ≈ $1.01 Billion |
+3.97% |
| 2020-12-31 | CA$1.34 Billion ≈ $969.68 Million |
-4.42% |
| 2019-12-31 | CA$1.40 Billion ≈ $1.01 Billion |
+10.17% |
| 2018-12-31 | CA$1.27 Billion ≈ $920.89 Million |
+43.32% |
| 2017-12-31 | CA$888.27 Million ≈ $642.56 Million |
+24.44% |
| 2016-12-31 | CA$713.79 Million ≈ $516.35 Million |
-3.79% |
| 2015-12-31 | CA$741.93 Million ≈ $536.70 Million |
+12.30% |
| 2014-12-31 | CA$660.64 Million ≈ $477.90 Million |
+36.20% |
| 2013-12-31 | CA$485.06 Million ≈ $350.89 Million |
+4.23% |
| 2012-12-31 | CA$465.40 Million ≈ $336.66 Million |
+11.38% |
| 2011-12-31 | CA$417.86 Million ≈ $302.27 Million |
+126.50% |
| 2010-12-31 | CA$184.49 Million ≈ $133.45 Million |
+48.17% |
| 2009-12-31 | CA$124.51 Million ≈ $90.07 Million |
+259495.83% |
| 2008-12-31 | CA$-48.00K ≈ $-34.72K |
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Equity Component Analysis
This analysis shows how different components contribute to Parex Resources Inc'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 grown by 117865600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$1.18 Billion | 64.35% |
| Common Stock | CA$632.90 Million | 34.56% |
| Other Components | CA$20.02 Million | 1.09% |
| Total Equity | CA$1.83 Billion | 100.00% |
Parex Resources Inc Competitors by Market Cap
The table below lists competitors of Parex Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Greatoo Inc
SHE:002031
|
$1.87 Billion |
|
Marriot Vacations Worldwide
NYSE:VAC
|
$1.87 Billion |
|
Ningbo Yongxin Optics Co Ltd
SHG:603297
|
$1.87 Billion |
|
Bros Eastern Co Ltd
SHG:601339
|
$1.87 Billion |
|
Sarepta Therapeutics Inc
NASDAQ:SRPT
|
$1.86 Billion |
|
Ourpalm
SHE:300315
|
$1.86 Billion |
|
Mesoblast Limited
F:LWB
|
$1.86 Billion |
|
OPT Machine Vision Tech Co. Ltd. A
SHG:688686
|
$1.86 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Parex Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,955,427,000 to 1,831,321,000, a change of -124,106,000 (-6.3%).
- Net income of 60,680,000 contributed positively to equity growth.
- Dividend payments of 112,184,000 reduced retained earnings.
- Share repurchases of 73,789,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$60.68 Million | +3.31% |
| Dividends Paid | CA$112.18 Million | -6.13% |
| Share Repurchases | CA$73.79 Million | -4.03% |
| Other Changes | CA$1.19 Million | +0.06% |
| Total Change | CA$- | -6.35% |
Book Value vs Market Value Analysis
This analysis compares Parex Resources Inc'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: 1.49x
- 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$0.00 | CA$26.88 | x |
| 2009-12-31 | CA$2.44 | CA$26.88 | x |
| 2010-12-31 | CA$2.82 | CA$26.88 | x |
| 2011-12-31 | CA$4.26 | CA$26.88 | x |
| 2012-12-31 | CA$3.70 | CA$26.88 | x |
| 2013-12-31 | CA$3.93 | CA$26.88 | x |
| 2014-12-31 | CA$5.49 | CA$26.88 | x |
| 2015-12-31 | CA$5.12 | CA$26.88 | x |
| 2016-12-31 | CA$4.69 | CA$26.88 | x |
| 2017-12-31 | CA$5.65 | CA$26.88 | x |
| 2018-12-31 | CA$7.98 | CA$26.88 | x |
| 2019-12-31 | CA$9.41 | CA$26.88 | x |
| 2020-12-31 | CA$9.60 | CA$26.88 | x |
| 2021-12-31 | CA$11.10 | CA$26.88 | x |
| 2022-12-31 | CA$15.09 | CA$26.88 | x |
| 2023-12-31 | CA$18.40 | CA$26.88 | x |
| 2024-12-31 | CA$18.06 | CA$26.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Parex Resources Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.31%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.71%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 1.18x
- Recent ROE (3.31%) is below the historical average (8.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-253.20K |
| 2009 | -3.80% | -6478.08% | 0.00x | 1.07x | CA$-17.18 Million |
| 2010 | -7.26% | -446.17% | 0.01x | 1.14x | CA$-31.83 Million |
| 2011 | 3.74% | 9.13% | 0.26x | 1.58x | CA$-26.15 Million |
| 2012 | 8.58% | 8.19% | 0.59x | 1.76x | CA$-6.62 Million |
| 2013 | 2.61% | 2.27% | 0.65x | 1.76x | CA$-35.83 Million |
| 2014 | -16.46% | -16.45% | 0.64x | 1.57x | CA$-174.84 Million |
| 2015 | -6.01% | -9.24% | 0.50x | 1.29x | CA$-118.81 Million |
| 2016 | -6.51% | -11.30% | 0.45x | 1.29x | CA$-117.82 Million |
| 2017 | 17.46% | 30.16% | 0.46x | 1.26x | CA$66.25 Million |
| 2018 | 31.65% | 48.37% | 0.48x | 1.36x | CA$275.60 Million |
| 2019 | 23.39% | 33.55% | 0.58x | 1.20x | CA$187.75 Million |
| 2020 | 7.41% | 18.67% | 0.35x | 1.15x | CA$-34.73 Million |
| 2021 | 21.75% | 33.67% | 0.50x | 1.28x | CA$163.74 Million |
| 2022 | 35.65% | 46.64% | 0.57x | 1.35x | CA$439.87 Million |
| 2023 | 23.49% | 39.26% | 0.48x | 1.24x | CA$263.77 Million |
| 2024 | 3.31% | 4.71% | 0.60x | 1.18x | CA$-122.45 Million |
Industry Comparison
This section compares Parex Resources Inc'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 |
|---|---|---|---|---|
| Parex Resources Inc (PXT) | CA$1.91 Billion | 0.00% | 0.18x | $1.87 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 Parex Resources Inc
Parex Resources Inc. engages in the exploration, development, production, and marketing of oil and natural gas in Colombia. Its principal land holdings and exploration blocks are located in the Llanos Basin, Magdalena Basin, and Putumayo Basin. Parex Resources Inc. was incorporated in 2009 and is headquartered in Calgary, Canada.