STEP Energy Services Ltd (STEP) - Net Assets
Based on the latest financial reports, STEP Energy Services Ltd (STEP) has net assets worth CA$402.12 Million CAD (≈ $290.89 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$599.98 Million ≈ $434.02 Million USD) and total liabilities (CA$197.86 Million ≈ $143.13 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 STEP Energy Services Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$402.12 Million |
| % of Total Assets | 67.02% |
| Annual Growth Rate | 14.18% |
| 5-Year Change | 81.12% |
| 10-Year Change | 91.0% |
| Growth Volatility | 42.89 |
STEP Energy Services Ltd - Net Assets Trend (2014–2024)
This chart illustrates how STEP Energy Services Ltd's net assets have evolved over time, based on quarterly financial data. Also explore STEP total assets for the complete picture of this company's asset base.
Annual Net Assets for STEP Energy Services Ltd (2014–2024)
The table below shows the annual net assets of STEP Energy Services Ltd from 2014 to 2024. For live valuation and market cap data, see market cap of STEP Energy Services Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$370.53 Million ≈ $268.03 Million |
+4.21% |
| 2023-12-31 | CA$355.55 Million ≈ $257.20 Million |
+16.18% |
| 2022-12-31 | CA$306.03 Million ≈ $221.38 Million |
+72.47% |
| 2021-12-31 | CA$177.44 Million ≈ $128.36 Million |
-13.26% |
| 2020-12-31 | CA$204.58 Million ≈ $147.99 Million |
-36.63% |
| 2019-12-31 | CA$322.82 Million ≈ $233.53 Million |
-32.55% |
| 2018-12-31 | CA$478.60 Million ≈ $346.21 Million |
+11.03% |
| 2017-12-31 | CA$431.04 Million ≈ $311.81 Million |
+65.82% |
| 2016-12-31 | CA$259.94 Million ≈ $188.04 Million |
+34.00% |
| 2015-12-31 | CA$193.99 Million ≈ $140.33 Million |
+97.21% |
| 2014-12-31 | CA$98.37 Million ≈ $71.16 Million |
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Equity Component Analysis
This analysis shows how different components contribute to STEP Energy Services 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 2121.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$447.99 Million | 120.91% |
| Other Comprehensive Income | CA$26.64 Million | 7.19% |
| Other Components | CA$40.47 Million | 10.92% |
| Total Equity | CA$370.53 Million | 100.00% |
STEP Energy Services Ltd Competitors by Market Cap
The table below lists competitors of STEP Energy Services Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China Reform Culture Holdings Co Ltd
SHG:600636
|
$289.48 Million |
|
Aurotek Corp
TW:6215
|
$289.52 Million |
|
T3EX Global Holdings Corp
TW:2636
|
$289.54 Million |
|
Shanghai Mechanical & Electrical Industry Co Ltd B
SHG:900925
|
$289.54 Million |
|
Jiangsu Jingyuan Environmental Protection Co Ltd
SHG:688096
|
$289.45 Million |
|
Tudor Gold Corp
V:TUD
|
$289.38 Million |
|
Rezolute Inc
NASDAQ:RZLT
|
$289.31 Million |
|
Asiacement
KO:183190
|
$289.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in STEP Energy Services Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 355,548,000 to 370,526,000, a change of 14,978,000 (4.2%).
- Net income of 1,762,000 contributed positively to equity growth.
- Share repurchases of 7,957,000 reduced equity.
- Other comprehensive income increased equity by 16,497,000.
- Other factors increased equity by 4,676,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$1.76 Million | +0.48% |
| Share Repurchases | CA$7.96 Million | -2.15% |
| Other Comprehensive Income | CA$16.50 Million | +4.45% |
| Other Changes | CA$4.68 Million | +1.26% |
| Total Change | CA$- | 4.21% |
Book Value vs Market Value Analysis
This analysis compares STEP Energy Services 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: 1.10x
- 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 3.36x to 1.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | CA$1.64 | CA$5.49 | x |
| 2015-12-31 | CA$3.23 | CA$5.49 | x |
| 2016-12-31 | CA$4.32 | CA$5.49 | x |
| 2017-12-31 | CA$7.46 | CA$5.49 | x |
| 2018-12-31 | CA$7.36 | CA$5.49 | x |
| 2019-12-31 | CA$4.84 | CA$5.49 | x |
| 2020-12-31 | CA$3.04 | CA$5.49 | x |
| 2021-12-31 | CA$2.61 | CA$5.49 | x |
| 2022-12-31 | CA$4.24 | CA$5.49 | x |
| 2023-12-31 | CA$4.73 | CA$5.49 | x |
| 2024-12-31 | CA$4.99 | CA$5.49 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently STEP Energy Services 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): 0.48%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.18%
- • Asset Turnover: 1.64x
- • Equity Multiplier: 1.57x
- Recent ROE (0.48%) is above the historical average (-5.93%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 13.27% | 9.89% | 0.92x | 1.46x | CA$3.21 Million |
| 2015 | -2.89% | -4.86% | 0.50x | 1.19x | CA$-25.01 Million |
| 2016 | -7.68% | -11.80% | 0.50x | 1.29x | CA$-45.95 Million |
| 2017 | 13.39% | 10.43% | 1.04x | 1.24x | CA$14.61 Million |
| 2018 | -8.21% | -5.03% | 0.88x | 1.86x | CA$-87.16 Million |
| 2019 | -44.57% | -21.53% | 0.97x | 2.13x | CA$-176.17 Million |
| 2020 | -58.34% | -32.35% | 0.77x | 2.35x | CA$-139.82 Million |
| 2021 | -15.85% | -5.24% | 1.11x | 2.73x | CA$-45.87 Million |
| 2022 | 30.97% | 9.58% | 1.45x | 2.23x | CA$64.18 Million |
| 2023 | 14.18% | 5.33% | 1.56x | 1.71x | CA$14.86 Million |
| 2024 | 0.48% | 0.18% | 1.64x | 1.57x | CA$-35.29 Million |
Industry Comparison
This section compares STEP Energy Services Ltd's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $250,452,260
- Average return on equity (ROE) among peers: -15.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| STEP Energy Services Ltd (STEP) | CA$402.12 Million | 13.27% | 0.49x | $289.46 Million |
| Bri-Chem Corp. (BRY) | $35.24 Million | -40.74% | 1.10x | $6.61 Million |
| CES Energy Solutions Corp (CEU) | $609.05 Million | 15.63% | 1.32x | $2.92 Billion |
| Calfrac Well Services Ltd. (CFW) | $328.84 Million | -25.18% | 1.72x | $387.05 Million |
| Enterprise Group Inc (E) | $51.99 Million | -1.80% | 0.57x | $83.04 Million |
| Enerflex Ltd. (EFX) | $1.02 Billion | 6.90% | 1.10x | $2.31 Billion |
| HTC Purenergy Inc. (HTC) | $21.80 Million | -16.58% | 0.56x | $1.03 Million |
| High Arctic Energy Services Inc. (HWO) | $115.23 Million | -31.75% | 0.16x | $7.90 Million |
| Mattr Corp (MATR) | $134.80 Million | 10.46% | 0.33x | $421.70 Million |
| Mccoy Global Inc (MCB) | $59.80 Million | -60.07% | 0.17x | $50.41 Million |
| North American Construction Group Ltd (NOA) | $127.78 Million | -16.56% | 4.87x | $400.31 Million |
About STEP Energy Services Ltd
STEP Energy Services Ltd., an energy services company, provides integrated coiled tubing, fluid and nitrogen pumping, and hydraulic fracturing to service oil and natural gas industry in Canada and the United States. The company offers fracturing services, such as dual-fuel hydraulic fracturing; STEP-XPRS, an integrated fracturing and coiled tubing spread; large bore manifold systems; and technica… Read more