Tenaz Energy Corp.
Tenaz Energy Corp., an energy company, engages in the acquisition and development of oil and gas properties in Canada and the Netherlands. It engages in the semi-conventional and conventional development of oil reservoirs; and operation of non-operated offshore natural gas assets. The company was formerly known as Altura Energy Inc. and changed its name to Tenaz Energy Corp. Tenaz Energy Corp. wa… Read more
Tenaz Energy Corp. (TNZ) - Net Assets
Latest net assets as of September 2025: CA$312.59 Million CAD
Based on the latest financial reports, Tenaz Energy Corp. (TNZ) has net assets worth CA$312.59 Million CAD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$2.24 Billion) and total liabilities (CA$1.93 Billion). 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$312.59 Million |
| % of Total Assets | 13.93% |
| Annual Growth Rate | 37.63% |
| 5-Year Change | 302.33% |
| 10-Year Change | 146.81% |
| Growth Volatility | 93.55 |
Tenaz Energy Corp. - Net Assets Trend (2007–2024)
This chart illustrates how Tenaz 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 Tenaz Energy Corp. (2007–2024)
The table below shows the annual net assets of Tenaz Energy Corp. from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$92.12 Million | -4.39% |
| 2023-12-31 | CA$96.35 Million | +35.00% |
| 2022-12-31 | CA$71.37 Million | +9.27% |
| 2021-12-31 | CA$65.31 Million | +185.24% |
| 2020-12-31 | CA$22.90 Million | -48.95% |
| 2019-12-31 | CA$44.86 Million | +7.14% |
| 2018-12-31 | CA$41.87 Million | +9.70% |
| 2017-12-31 | CA$38.16 Million | +2.64% |
| 2016-12-31 | CA$37.18 Million | -0.39% |
| 2015-12-31 | CA$37.33 Million | +135.23% |
| 2014-12-31 | CA$15.87 Million | +33.53% |
| 2013-12-31 | CA$11.88 Million | +2.39% |
| 2012-12-31 | CA$11.61 Million | +41.44% |
| 2011-12-31 | CA$8.21 Million | +271.26% |
| 2010-12-31 | CA$2.21 Million | -14.34% |
| 2009-12-31 | CA$2.58 Million | +262.92% |
| 2008-12-31 | CA$710.99K | +76.07% |
| 2007-12-31 | CA$403.82K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tenaz 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 grown by 338018.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$12.91 Million | 14.01% |
| Common Stock | CA$63.41 Million | 68.82% |
| Other Comprehensive Income | CA$950.00K | 1.03% |
| Other Components | CA$14.86 Million | 16.13% |
| Total Equity | CA$92.12 Million | 100.00% |
Tenaz Energy Corp. Competitors by Market Cap
The table below lists competitors of Tenaz Energy Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Edgewell Personal Care Co
NYSE:EPC
|
$924.70 Million |
|
Csg Smart Science&Technology Co Ltd
SHE:300222
|
$924.89 Million |
|
Douglas Dynamics Inc
NYSE:PLOW
|
$925.04 Million |
|
Champion Iron Limited
OTCQX:CIAFF
|
$925.38 Million |
|
Aptus Value Housing Finance India Limited
NSE:APTUS
|
$923.37 Million |
|
Shikun & Binui Ltd
PINK:SKBNF
|
$923.33 Million |
|
Namsun Aluminium Co Ltd
KO:008355
|
$923.12 Million |
|
BNP PARIBAS BK POLSKA ZY1
F:82MA
|
$923.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tenaz Energy Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 96,353,000 to 92,125,000, a change of -4,228,000 (-4.4%).
- Net loss of 7,713,000 reduced equity.
- Share repurchases of 933,000 reduced equity.
- Other comprehensive income increased equity by 696,000.
- Other factors increased equity by 3,722,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-7.71 Million | -8.37% |
| Share Repurchases | CA$933.00K | -1.01% |
| Other Comprehensive Income | CA$696.00K | +0.76% |
| Other Changes | CA$3.72 Million | +4.04% |
| Total Change | CA$- | -4.39% |
Book Value vs Market Value Analysis
This analysis compares Tenaz 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: 17.21x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 608.44x to 17.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CA$0.10 | CA$58.50 | x |
| 2008-12-31 | CA$27.09 | CA$58.50 | x |
| 2009-12-31 | CA$24.71 | CA$58.50 | x |
| 2010-12-31 | CA$10.42 | CA$58.50 | x |
| 2011-12-31 | CA$26.10 | CA$58.50 | x |
| 2012-12-31 | CA$4.48 | CA$58.50 | x |
| 2013-12-31 | CA$3.30 | CA$58.50 | x |
| 2014-12-31 | CA$4.40 | CA$58.50 | x |
| 2015-12-31 | CA$5.42 | CA$58.50 | x |
| 2016-12-31 | CA$3.25 | CA$58.50 | x |
| 2017-12-31 | CA$3.34 | CA$58.50 | x |
| 2018-12-31 | CA$3.61 | CA$58.50 | x |
| 2019-12-31 | CA$3.89 | CA$58.50 | x |
| 2020-12-31 | CA$2.00 | CA$58.50 | x |
| 2021-12-31 | CA$4.39 | CA$58.50 | x |
| 2022-12-31 | CA$2.47 | CA$58.50 | x |
| 2023-12-31 | CA$3.32 | CA$58.50 | x |
| 2024-12-31 | CA$3.40 | CA$58.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tenaz Energy Corp. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -8.37%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -12.24%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 4.24x
- Recent ROE (-8.37%) is below the historical average (-7.68%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 0.95% | 0.00% | 0.00x | 1.05x | CA$-36.56K |
| 2008 | -34.73% | -1300.84% | 0.01x | 2.56x | CA$-318.05K |
| 2009 | 0.42% | 100.33% | 0.00x | 1.26x | CA$-247.14K |
| 2010 | -51.49% | -688.78% | 0.07x | 1.08x | CA$-1.36 Million |
| 2011 | 3.54% | 23.88% | 0.12x | 1.26x | CA$-529.71K |
| 2012 | -13.53% | -146.56% | 0.07x | 1.26x | CA$-2.73 Million |
| 2013 | -5.29% | -28.38% | 0.14x | 1.33x | CA$-1.82 Million |
| 2014 | 22.54% | 55.98% | 0.32x | 1.25x | CA$1.99 Million |
| 2015 | -10.21% | -68.24% | 0.14x | 1.10x | CA$-7.54 Million |
| 2016 | -3.36% | -14.89% | 0.18x | 1.23x | CA$-4.97 Million |
| 2017 | -0.27% | -0.57% | 0.35x | 1.33x | CA$-3.92 Million |
| 2018 | 6.43% | 15.99% | 0.31x | 1.29x | CA$-1.49 Million |
| 2019 | 4.94% | 8.60% | 0.47x | 1.23x | CA$-2.27 Million |
| 2020 | -97.45% | -259.00% | 0.25x | 1.50x | CA$-24.60 Million |
| 2021 | 12.77% | 46.77% | 0.24x | 1.15x | CA$1.81 Million |
| 2022 | 7.34% | 15.36% | 0.17x | 2.86x | CA$-1.90 Million |
| 2023 | 27.55% | 40.93% | 0.27x | 2.48x | CA$16.91 Million |
| 2024 | -8.37% | -12.24% | 0.16x | 4.24x | CA$-16.93 Million |
Industry Comparison
This section compares Tenaz 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: $153,031,493
- Average return on equity (ROE) among peers: -326.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tenaz Energy Corp. (TNZ) | CA$312.59 Million | 0.95% | 6.18x | $923.75 Million |
| Advantage Oil & Gas Ltd. (AAV) | $1.33 Billion | 0.83% | 0.33x | $1.11 Billion |
| Alvopetro Energy (ALV) | $55.87 Million | -9.44% | 0.28x | $190.03 Million |
| Bison Gold Resources Inc (BGE) | $899.62K | -107.98% | 0.20x | $178.53K |
| Capitan Investment Ltd (CAI) | $10.30 Million | -19.91% | 0.08x | $283.50K |
| Canada Energy Partners Inc (CE-H) | $-86.82K | 0.00% | 0.00x | $99.62K |
| Benchmark Metals Inc (CEI) | $16.09 Million | -48.62% | 0.75x | $140.22 Million |
| Columbus Energy Limited (CEL-H) | $-769.50K | 0.00% | 0.00x | $456.61K |
| Criterium Energy Ltd. (CEQ) | $1.01 Million | -376.95% | 9.09x | $7.14 Million |
| Cavvy Energy Ltd. (CVVY) | $114.76 Million | 127.73% | 4.36x | $8.20K |
| District Mines Ltd (DIG-H) | $44.97K | -2835.15% | 10.97x | $1.17 Million |