Whitecap Resources Inc. (WCP) - Net Assets
Based on the latest financial reports, Whitecap Resources Inc. (WCP) has net assets worth CA$10.92 Billion 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$19.03 Billion) and total liabilities (CA$8.12 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$10.92 Billion |
| % of Total Assets | 57.35% |
| Annual Growth Rate | 53.84% |
| 5-Year Change | 476.49% |
| 10-Year Change | 129.29% |
| Growth Volatility | 202.46 |
Whitecap Resources Inc. - Net Assets Trend (2001–2024)
This chart illustrates how Whitecap 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 Whitecap Resources Inc. (2001–2024)
The table below shows the annual net assets of Whitecap Resources Inc. from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$5.75 Billion | +4.94% |
| 2023-12-31 | CA$5.48 Billion | +8.46% |
| 2022-12-31 | CA$5.05 Billion | +35.04% |
| 2021-12-31 | CA$3.74 Billion | +275.09% |
| 2020-12-31 | CA$996.95 Million | -65.95% |
| 2019-12-31 | CA$2.93 Billion | -9.33% |
| 2018-12-31 | CA$3.23 Billion | -3.11% |
| 2017-12-31 | CA$3.33 Billion | +6.42% |
| 2016-12-31 | CA$3.13 Billion | +24.96% |
| 2015-12-31 | CA$2.51 Billion | -1.08% |
| 2014-12-31 | CA$2.53 Billion | +97.70% |
| 2013-12-31 | CA$1.28 Billion | +40.84% |
| 2012-12-31 | CA$910.09 Million | +139.27% |
| 2011-12-31 | CA$380.36 Million | +159.97% |
| 2010-12-31 | CA$146.31 Million | +930.56% |
| 2009-12-31 | CA$14.20 Million | -6.25% |
| 2008-12-31 | CA$15.14 Million | +1.57% |
| 2007-12-31 | CA$14.91 Million | +67.42% |
| 2006-12-31 | CA$8.90 Million | +56.36% |
| 2005-12-31 | CA$5.70 Million | +55.13% |
| 2004-12-31 | CA$3.67 Million | +177.90% |
| 2003-12-31 | CA$1.32 Million | +373.79% |
| 2002-12-31 | CA$278.83K | -2.63% |
| 2001-12-31 | CA$286.37K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Whitecap 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 100621937700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$1.01 Billion | 17.51% |
| Common Stock | CA$4.72 Billion | 82.13% |
| Other Components | CA$20.60 Million | 0.36% |
| Total Equity | CA$5.75 Billion | 100.00% |
Whitecap Resources Inc. Competitors by Market Cap
The table below lists competitors of Whitecap Resources Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Okta Inc
NASDAQ:OKTA
|
$12.24 Billion |
|
Barito Pacific Tbk
JK:BRPT
|
$12.24 Billion |
|
DT Midstream Inc
NYSE:DTM
|
$12.24 Billion |
|
Ionis Pharmaceuticals Inc
NASDAQ:IONS
|
$12.26 Billion |
|
Tokyo Gas Co.Ltd
F:TOG
|
$12.23 Billion |
|
Solventum Corp.
NYSE:SOLV
|
$12.22 Billion |
|
Jazz Pharmaceuticals PLC
NASDAQ:JAZZ
|
$12.20 Billion |
|
Industrial Bank Of Korea
KO:024110
|
$12.19 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Whitecap Resources Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,477,000,000 to 5,747,300,000, a change of 270,300,000 (4.9%).
- Net income of 812,300,000 contributed positively to equity growth.
- Dividend payments of 433,300,000 reduced retained earnings.
- Share repurchases of 129,700,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$812.30 Million | +14.13% |
| Dividends Paid | CA$433.30 Million | -7.54% |
| Share Repurchases | CA$129.70 Million | -2.26% |
| Other Changes | CA$21.00 Million | +0.37% |
| Total Change | CA$- | 4.94% |
Book Value vs Market Value Analysis
This analysis compares Whitecap 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: 1.45x
- 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 12.89x to 1.45x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | CA$1.08 | CA$13.93 | x |
| 2002-12-31 | CA$1.05 | CA$13.93 | x |
| 2003-12-31 | CA$2.48 | CA$13.93 | x |
| 2004-12-31 | CA$1.83 | CA$13.93 | x |
| 2005-12-31 | CA$2.22 | CA$13.93 | x |
| 2006-12-31 | CA$3.30 | CA$13.93 | x |
| 2007-12-31 | CA$3.90 | CA$13.93 | x |
| 2008-12-31 | CA$3.71 | CA$13.93 | x |
| 2009-12-31 | CA$3.65 | CA$13.93 | x |
| 2010-12-31 | CA$6.37 | CA$13.93 | x |
| 2011-12-31 | CA$5.85 | CA$13.93 | x |
| 2012-12-31 | CA$7.88 | CA$13.93 | x |
| 2013-12-31 | CA$8.44 | CA$13.93 | x |
| 2014-12-31 | CA$10.82 | CA$13.93 | x |
| 2015-12-31 | CA$8.83 | CA$13.93 | x |
| 2016-12-31 | CA$9.16 | CA$13.93 | x |
| 2017-12-31 | CA$8.96 | CA$13.93 | x |
| 2018-12-31 | CA$7.68 | CA$13.93 | x |
| 2019-12-31 | CA$7.11 | CA$13.93 | x |
| 2020-12-31 | CA$2.44 | CA$13.93 | x |
| 2021-12-31 | CA$6.20 | CA$13.93 | x |
| 2022-12-31 | CA$8.13 | CA$13.93 | x |
| 2023-12-31 | CA$9.00 | CA$13.93 | x |
| 2024-12-31 | CA$9.61 | CA$13.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Whitecap Resources Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.13%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.34%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 1.73x
- Recent ROE (14.13%) is above the historical average (-4.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -6.77% | 0.00% | 0.00x | 1.09x | CA$-48.01K |
| 2002 | -4.94% | 0.00% | 0.00x | 1.01x | CA$-41.66K |
| 2003 | -8.39% | -64.92% | 0.09x | 1.49x | CA$-204.70K |
| 2004 | -7.57% | -38.86% | 0.14x | 1.41x | CA$-645.12K |
| 2005 | -0.93% | -2.34% | 0.21x | 1.88x | CA$-622.25K |
| 2006 | -4.29% | -7.94% | 0.25x | 2.12x | CA$-1.27 Million |
| 2007 | 1.42% | 3.55% | 0.30x | 1.35x | CA$-1.28 Million |
| 2008 | 1.65% | 3.48% | 0.29x | 1.61x | CA$-1.26 Million |
| 2009 | -4.80% | -10.25% | 0.27x | 1.71x | CA$-2.10 Million |
| 2010 | -6.38% | -38.69% | 0.12x | 1.38x | CA$-24.70 Million |
| 2011 | 6.71% | 18.20% | 0.22x | 1.69x | CA$-12.52 Million |
| 2012 | 5.77% | 19.38% | 0.18x | 1.64x | CA$-38.54 Million |
| 2013 | 3.15% | 10.12% | 0.19x | 1.60x | CA$-87.75 Million |
| 2014 | 17.88% | 64.11% | 0.18x | 1.53x | CA$199.73 Million |
| 2015 | -19.98% | -92.80% | 0.13x | 1.67x | CA$-751.37 Million |
| 2016 | 5.45% | 31.36% | 0.11x | 1.64x | CA$-142.47 Million |
| 2017 | -3.72% | -14.31% | 0.15x | 1.79x | CA$-457.28 Million |
| 2018 | 2.02% | 5.18% | 0.21x | 1.85x | CA$-257.83 Million |
| 2019 | -5.32% | -12.98% | 0.22x | 1.83x | CA$-448.69 Million |
| 2020 | -185.06% | -227.52% | 0.24x | 3.39x | CA$-1.94 Billion |
| 2021 | 47.51% | 77.99% | 0.33x | 1.84x | CA$1.40 Billion |
| 2022 | 33.19% | 42.77% | 0.41x | 1.89x | CA$1.17 Billion |
| 2023 | 16.23% | 27.52% | 0.34x | 1.75x | CA$341.30 Million |
| 2024 | 14.13% | 24.34% | 0.34x | 1.73x | CA$237.57 Million |
Industry Comparison
This section compares Whitecap 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: $891,939,977
- Average return on equity (ROE) among peers: -24.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Whitecap Resources Inc. (WCP) | CA$10.92 Billion | -6.77% | 0.74x | $12.23 Billion |
| Advantage Oil & Gas Ltd. (AAV) | $1.27 Billion | -1.67% | 1.21x | $1.14 Billion |
| Africa Energy Corp (AFE) | $75.11 Million | -1.46% | 0.10x | $83.19 Million |
| Alvopetro Energy (ALV) | $53.11 Million | 10.74% | 0.51x | $218.42 Million |
| Africa Oil Corp (AOI) | $275.95 Million | -3.86% | 0.10x | $820.85 Million |
| Altima Resources Ltd (ARH) | $19.56 Million | -8.72% | 0.40x | $19.37 Million |
| ARC Resources Ltd. (ARX) | $5.93 Billion | 13.27% | 0.92x | $10.34 Billion |
| Athabasca Oil Corp (ATH) | $1.22 Billion | 15.08% | 0.72x | $3.64 Billion |
| Altai Resources Inc. (ATI) | $7.60 Million | -194.28% | 0.03x | $1.42 Million |
| Avanti Energy Inc (AVN) | $15.44 Million | -68.41% | 0.11x | $24.04 Million |
| Arrow Exploration Corp (AXL) | $50.55 Million | -1.32% | 0.52x | $81.68 Million |
About Whitecap Resources Inc.
Whitecap Resources Inc. engages in the acquisition, development, and production of petroleum and natural gas properties and assets in Western Canada. The company's primary areas of focus of development programs located in Northern Alberta, British Columbia, Central Alberta, and Western and Eastern Saskatchewan. Whitecap Resources Inc. was founded in 2009 and is based in Calgary, Canada.