Tamarack Valley Energy Ltd (TVE) - Net Assets
Based on the latest financial reports, Tamarack Valley Energy Ltd (TVE) has net assets worth CA$1.83 Billion CAD (≈ $1.32 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$3.47 Billion ≈ $2.51 Billion USD) and total liabilities (CA$1.64 Billion ≈ $1.19 Billion 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 Tamarack Valley Energy Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$1.83 Billion |
| % of Total Assets | 52.78% |
| Annual Growth Rate | 37.35% |
| 5-Year Change | 316.44% |
| 10-Year Change | 471.64% |
| Growth Volatility | 60.4 |
Tamarack Valley Energy Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Tamarack Valley Energy Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Tamarack Valley Energy Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Tamarack Valley Energy Ltd (2002–2024)
The table below shows the annual net assets of Tamarack Valley Energy Ltd from 2002 to 2024. For live valuation and market cap data, see Tamarack Valley Energy Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$2.12 Billion ≈ $1.53 Billion |
-2.44% |
| 2023-12-31 | CA$2.17 Billion ≈ $1.57 Billion |
+0.54% |
| 2022-12-31 | CA$2.16 Billion ≈ $1.56 Billion |
+71.60% |
| 2021-12-31 | CA$1.26 Billion ≈ $911.92 Million |
+147.42% |
| 2020-12-31 | CA$509.52 Million ≈ $368.58 Million |
-34.15% |
| 2019-12-31 | CA$773.77 Million ≈ $559.74 Million |
-4.77% |
| 2018-12-31 | CA$812.57 Million ≈ $587.80 Million |
+5.00% |
| 2017-12-31 | CA$773.86 Million ≈ $559.79 Million |
+64.74% |
| 2016-12-31 | CA$469.74 Million ≈ $339.80 Million |
+26.55% |
| 2015-12-31 | CA$371.18 Million ≈ $268.51 Million |
+21.94% |
| 2014-12-31 | CA$304.41 Million ≈ $220.21 Million |
+105.65% |
| 2013-12-31 | CA$148.02 Million ≈ $107.08 Million |
+75.31% |
| 2012-12-31 | CA$84.44 Million ≈ $61.08 Million |
+62.53% |
| 2011-12-31 | CA$51.95 Million ≈ $37.58 Million |
+40.69% |
| 2010-12-31 | CA$36.93 Million ≈ $26.71 Million |
+42.88% |
| 2009-12-31 | CA$25.85 Million ≈ $18.70 Million |
-10.69% |
| 2008-12-31 | CA$28.94 Million ≈ $20.93 Million |
-8.70% |
| 2007-12-31 | CA$31.69 Million ≈ $22.93 Million |
+17.90% |
| 2006-12-31 | CA$26.88 Million ≈ $19.45 Million |
+0.65% |
| 2005-12-31 | CA$26.71 Million ≈ $19.32 Million |
+164.24% |
| 2004-12-31 | CA$10.11 Million ≈ $7.31 Million |
+203.24% |
| 2003-12-31 | CA$3.33 Million ≈ $2.41 Million |
+69.22% |
| 2002-12-31 | CA$1.97 Million ≈ $1.42 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Tamarack Valley Energy 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 grown by 33995375200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$339.87 Million | 16.02% |
| Common Stock | CA$1.76 Billion | 83.18% |
| Other Components | CA$17.09 Million | 0.81% |
| Total Equity | CA$2.12 Billion | 100.00% |
Tamarack Valley Energy Ltd Competitors by Market Cap
The table below lists competitors of Tamarack Valley Energy Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JK Cement Limited
NSE:JKCEMENT
|
$4.44 Billion |
|
KBR Inc
NYSE:KBR
|
$4.44 Billion |
|
RadNet Inc
NASDAQ:RDNT
|
$4.44 Billion |
|
Pangang Group Vanadium Titanium & Resources Co Ltd
SHE:000629
|
$4.45 Billion |
|
Shanghai Fudan Microelectronics Group Co Ltd
SHG:688385
|
$4.44 Billion |
|
Mobile World Investment Corp
VN:MWG
|
$4.43 Billion |
|
Kilroy Realty Corp
NYSE:KRC
|
$4.43 Billion |
|
PTT GLBL CHEM.-NVDR- BA10
F:GCB1
|
$4.43 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tamarack Valley Energy Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,174,932,000 to 2,121,857,000, a change of -53,075,000 (-2.4%).
- Net income of 162,219,000 contributed positively to equity growth.
- Dividend payments of 81,474,000 reduced retained earnings.
- Share repurchases of 146,952,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$162.22 Million | +7.65% |
| Dividends Paid | CA$81.47 Million | -3.84% |
| Share Repurchases | CA$146.95 Million | -6.93% |
| Other Changes | CA$13.13 Million | +0.62% |
| Total Change | CA$- | -2.44% |
Book Value vs Market Value Analysis
This analysis compares Tamarack Valley Energy 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: 3.25x
- 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 5.04x to 3.25x 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$2.50 | CA$12.61 | x |
| 2003-12-31 | CA$3.96 | CA$12.61 | x |
| 2004-12-31 | CA$6.31 | CA$12.61 | x |
| 2005-12-31 | CA$9.46 | CA$12.61 | x |
| 2006-12-31 | CA$7.36 | CA$12.61 | x |
| 2007-12-31 | CA$6.87 | CA$12.61 | x |
| 2008-12-31 | CA$5.28 | CA$12.61 | x |
| 2009-12-31 | CA$4.72 | CA$12.61 | x |
| 2010-12-31 | CA$4.44 | CA$12.61 | x |
| 2011-12-31 | CA$3.50 | CA$12.61 | x |
| 2012-12-31 | CA$3.27 | CA$12.61 | x |
| 2013-12-31 | CA$4.41 | CA$12.61 | x |
| 2014-12-31 | CA$4.82 | CA$12.61 | x |
| 2015-12-31 | CA$4.09 | CA$12.61 | x |
| 2016-12-31 | CA$3.84 | CA$12.61 | x |
| 2017-12-31 | CA$3.43 | CA$12.61 | x |
| 2018-12-31 | CA$3.48 | CA$12.61 | x |
| 2019-12-31 | CA$3.44 | CA$12.61 | x |
| 2020-12-31 | CA$2.29 | CA$12.61 | x |
| 2021-12-31 | CA$3.49 | CA$12.61 | x |
| 2022-12-31 | CA$4.66 | CA$12.61 | x |
| 2023-12-31 | CA$3.88 | CA$12.61 | x |
| 2024-12-31 | CA$3.88 | CA$12.61 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tamarack Valley Energy Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.65%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.31%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.88x
- Recent ROE (7.65%) is above the historical average (-2.87%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -4.30% | -217.03% | 0.01x | 1.73x | CA$-281.73K |
| 2003 | 1.42% | 7.83% | 0.10x | 1.83x | CA$-286.08K |
| 2004 | -0.09% | -0.71% | 0.08x | 1.54x | CA$-1.02 Million |
| 2005 | 1.37% | 9.08% | 0.11x | 1.40x | CA$-2.31 Million |
| 2006 | 0.36% | 1.77% | 0.12x | 1.65x | CA$-2.59 Million |
| 2007 | -4.50% | -13.00% | 0.25x | 1.38x | CA$-4.60 Million |
| 2008 | -5.54% | -18.80% | 0.22x | 1.33x | CA$-4.50 Million |
| 2009 | -13.24% | -76.85% | 0.13x | 1.31x | CA$-6.01 Million |
| 2010 | -17.45% | -84.63% | 0.17x | 1.22x | CA$-10.14 Million |
| 2011 | -5.90% | -18.42% | 0.26x | 1.25x | CA$-8.26 Million |
| 2012 | -4.90% | -12.03% | 0.23x | 1.80x | CA$-12.58 Million |
| 2013 | 10.01% | 21.14% | 0.26x | 1.82x | CA$10.81K |
| 2014 | -8.27% | -19.98% | 0.25x | 1.63x | CA$-55.61 Million |
| 2015 | -4.67% | -16.33% | 0.19x | 1.48x | CA$-54.45 Million |
| 2016 | -5.92% | -24.09% | 0.17x | 1.41x | CA$-74.80 Million |
| 2017 | -1.80% | -4.91% | 0.23x | 1.56x | CA$-91.31 Million |
| 2018 | 4.71% | 9.59% | 0.32x | 1.56x | CA$-42.95 Million |
| 2019 | -5.04% | -10.19% | 0.31x | 1.61x | CA$-116.39 Million |
| 2020 | -61.11% | -140.22% | 0.22x | 2.02x | CA$-362.34 Million |
| 2021 | 30.98% | 55.70% | 0.30x | 1.85x | CA$264.45 Million |
| 2022 | 15.96% | 23.63% | 0.32x | 2.14x | CA$128.87 Million |
| 2023 | 4.33% | 6.70% | 0.33x | 1.93x | CA$-123.30 Million |
| 2024 | 7.65% | 9.31% | 0.44x | 1.88x | CA$-49.97 Million |
Industry Comparison
This section compares Tamarack Valley Energy Ltd'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: $468,854,611
- Average return on equity (ROE) among peers: -17.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tamarack Valley Energy Ltd (TVE) | CA$1.83 Billion | -4.30% | 0.89x | $4.44 Billion |
| Advantage Oil & Gas Ltd. (AAV) | $1.56 Billion | 21.64% | 0.42x | $1.17 Billion |
| Africa Energy Corp (AFE) | $265.56 Million | 18.32% | 0.01x | $67.59 Million |
| Alvopetro Energy (ALV) | $95.37 Million | 24.22% | 0.47x | $235.69 Million |
| Africa Oil Corp (AOI) | $24.87 Million | -14.72% | 0.42x | $820.85 Million |
| Altima Resources Ltd (ARH) | $19.56 Million | -8.72% | 0.40x | $19.37 Million |
| ARC Resources Ltd. (ARX) | $2.10 Billion | 25.38% | 0.79x | $12.87 Billion |
| Athabasca Oil Corp (ATH) | $567.02 Million | -127.10% | 1.51x | $3.78 Billion |
| Altai Resources Inc. (ATI) | $22.21 Million | -2.68% | 0.02x | $1.12 Million |
| Avanti Energy Inc (AVN) | $2.38 Million | -86.78% | 0.06x | $24.04 Million |
| Arrow Exploration Corp (AXL) | $27.18 Million | -27.59% | 0.08x | $102.36 Million |
About Tamarack Valley Energy Ltd
Tamarack Valley Energy Ltd. engages in the exploration, development, production, and sale of oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin. Its oil and natural gas properties are the Clearwater and Charlie Lake assets located in the province of Alberta, Canada. The company was formerly known as Tango Energy Inc. and changed its name to Tamarack Valley Energy … Read more