Topaz Energy Corp (TPZ) - Net Assets
Based on the latest financial reports, Topaz Energy Corp (TPZ) has net assets worth CA$1.22 Billion CAD (≈ $880.84 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$1.85 Billion ≈ $1.34 Billion USD) and total liabilities (CA$629.69 Million ≈ $455.51 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. Explore cash efficiency ratio of Topaz Energy Corp to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$1.22 Billion |
| % of Total Assets | 65.91% |
| Annual Growth Rate | 13.59% |
| 5-Year Change | 30.88% |
| 10-Year Change | N/A |
| Growth Volatility | 19.74 |
Topaz Energy Corp - Net Assets Trend (2019–2024)
This chart illustrates how Topaz Energy Corp's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see Topaz Energy Corp market capitalisation.
Annual Net Assets for Topaz Energy Corp (2019–2024)
The table below shows the annual net assets of Topaz Energy Corp from 2019 to 2024. Read Topaz Energy Corp (TPZ) total liabilities for a breakdown of total debt and financial obligations.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$1.32 Billion ≈ $952.18 Million |
+5.83% |
| 2023-12-31 | CA$1.24 Billion ≈ $899.73 Million |
-8.70% |
| 2022-12-31 | CA$1.36 Billion ≈ $985.46 Million |
+2.82% |
| 2021-12-31 | CA$1.32 Billion ≈ $958.43 Million |
+31.74% |
| 2020-12-31 | CA$1.01 Billion ≈ $727.53 Million |
+44.55% |
| 2019-12-31 | CA$695.74 Million ≈ $503.29 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Topaz 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 73905.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$1.73 Billion | 131.77% |
| Other Components | CA$63.83 Million | 4.85% |
| Total Equity | CA$1.32 Billion | 100.00% |
Topaz Energy Corp Competitors by Market Cap
The table below lists competitors of Topaz Energy Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PROTECTOR FORSIKR.(ADS)/2
F:PR40
|
$3.35 Billion |
|
Gibson Energy Inc.
TO:GEI
|
$3.35 Billion |
|
Viking Therapeutics Inc
NASDAQ:VKTX
|
$3.35 Billion |
|
Stella-Jones Inc.
TO:SJ
|
$3.35 Billion |
|
ATHENS INTERNATIONAL AIRPORT S.
AT:AIA
|
$3.35 Billion |
|
Palomar Holdings Inc
NASDAQ:PLMR
|
$3.34 Billion |
|
Baytex Energy Corp
TO:BTE
|
$3.34 Billion |
|
Zealand Pharma A/S
CO:ZEAL
|
$3.34 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Topaz Energy Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,243,778,000 to 1,316,285,000, a change of 72,507,000 (5.8%).
- Net income of 46,386,000 contributed positively to equity growth.
- Dividend payments of 191,167,000 reduced retained earnings.
- Share repurchases of 212,025,000 reduced equity.
- New share issuances of 206,893,000 increased equity.
- Other factors increased equity by 222,420,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$46.39 Million | +3.52% |
| Dividends Paid | CA$191.17 Million | -14.52% |
| Share Repurchases | CA$212.03 Million | -16.11% |
| Share Issuances | CA$206.89 Million | +15.72% |
| Other Changes | CA$222.42 Million | +16.9% |
| Total Change | CA$- | 5.83% |
Book Value vs Market Value Analysis
This analysis compares Topaz 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: 3.36x
- 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 3.97x to 3.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CA$7.59 | CA$30.09 | x |
| 2020-12-31 | CA$8.94 | CA$30.09 | x |
| 2021-12-31 | CA$10.65 | CA$30.09 | x |
| 2022-12-31 | CA$9.51 | CA$30.09 | x |
| 2023-12-31 | CA$8.56 | CA$30.09 | x |
| 2024-12-31 | CA$8.95 | CA$30.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Topaz Energy Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.85%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 1.48x
- Recent ROE (3.52%) is above the historical average (2.85%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.09% | 0.77% | 0.12x | 1.00x | CA$-68.92 Million |
| 2020 | 0.31% | 3.09% | 0.10x | 1.04x | CA$-97.48 Million |
| 2021 | 2.08% | 13.03% | 0.13x | 1.26x | CA$-104.93 Million |
| 2022 | 7.29% | 26.88% | 0.20x | 1.39x | CA$-36.87 Million |
| 2023 | 3.83% | 14.82% | 0.19x | 1.37x | CA$-76.73 Million |
| 2024 | 3.52% | 14.85% | 0.16x | 1.48x | CA$-85.24 Million |
Industry Comparison
This section compares Topaz Energy Corp's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $8,566,795,936
- Average return on equity (ROE) among peers: 10.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Topaz Energy Corp (TPZ) | CA$1.22 Billion | 0.09% | 0.52x | $3.35 Billion |
| AltaGas Ltd (ALA) | $3.57 Billion | 3.64% | 1.35x | $11.21 Billion |
| Enbridge Inc (ENB) | $13.76 Billion | 5.20% | 2.43x | $115.00 Billion |
| Gibson Energy Inc. (GEI) | $758.23 Million | 19.92% | 2.71x | $3.35 Billion |
| Keyera Corp. (KEY) | $2.78 Billion | 15.26% | 2.16x | $8.31 Billion |
| Pembina Pipeline Corp (PPL) | $13.85 Billion | 6.38% | 0.85x | $24.93 Billion |
| South Bow Corporation (SOBO) | $2.70 Billion | 16.29% | 3.13x | $6.60 Billion |
| Source Rock Royalties Ltd (SRR) | $27.44 Million | 9.32% | 0.05x | $32.64 Million |
| TC Energy Corp (TRP) | $39.01 Billion | 7.49% | 2.21x | $63.90 Billion |
| Tidewater Midstream and Infrastructure Ltd (TWM) | $642.75 Million | 11.12% | 2.07x | $121.58 Million |
About Topaz Energy Corp
Topaz Energy Corp. operates as a royalty and infrastructure energy company in Canada. It operates in two segments, Royalty Production and Infrastructure. The company holds royalty interests on approximately 9 million gross acres of developed and undeveloped lands. It is also involved in operating natural gas processing facilities; and associated crude oil and condensate handling facilities, as we… Read more