Africa Energy Corp (AFE) - Net Assets
Based on the latest financial reports, Africa Energy Corp (AFE) has net assets worth CA$40.82 Million CAD (≈ $29.53 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$41.13 Million ≈ $29.76 Million USD) and total liabilities (CA$316.00K ≈ $228.59K 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. Read total liabilities of Africa Energy Corp for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$40.82 Million |
| % of Total Assets | 99.23% |
| Annual Growth Rate | 43.07% |
| 5-Year Change | -84.63% |
| 10-Year Change | 144.86% |
| Growth Volatility | 9845.5 |
Africa Energy Corp - Net Assets Trend (2010–2025)
This chart illustrates how Africa Energy Corp's net assets have evolved over time, based on quarterly financial data. Also explore Africa Energy Corp balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Africa Energy Corp (2010–2025)
The table below shows the annual net assets of Africa Energy Corp from 2010 to 2025. For live valuation and market cap data, see market value of Africa Energy Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$40.82 Million ≈ $29.53 Million |
+27.87% |
| 2024-12-31 | CA$31.92 Million ≈ $23.09 Million |
-75.79% |
| 2023-12-31 | CA$131.85 Million ≈ $95.38 Million |
-47.06% |
| 2022-12-31 | CA$249.03 Million ≈ $180.15 Million |
-6.22% |
| 2021-12-31 | CA$265.56 Million ≈ $192.10 Million |
+9.63% |
| 2020-12-31 | CA$242.24 Million ≈ $175.23 Million |
+484.49% |
| 2019-12-31 | CA$41.44 Million ≈ $29.98 Million |
-6.28% |
| 2018-12-31 | CA$44.22 Million ≈ $31.99 Million |
+264.81% |
| 2017-12-31 | CA$12.12 Million ≈ $8.77 Million |
-27.28% |
| 2016-12-31 | CA$16.67 Million ≈ $12.06 Million |
+144.11% |
| 2015-12-31 | CA$6.83 Million ≈ $4.94 Million |
+420.90% |
| 2014-12-31 | CA$1.31 Million ≈ $948.36K |
-98.60% |
| 2013-12-31 | CA$93.33 Million ≈ $67.51 Million |
+2.93% |
| 2012-12-31 | CA$90.67 Million ≈ $65.59 Million |
+20.73% |
| 2011-12-31 | CA$75.11 Million ≈ $54.33 Million |
+39543.49% |
| 2010-12-31 | CA$189.46K ≈ $137.05K |
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Equity Component Analysis
This analysis shows how different components contribute to Africa 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 34692532072.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$387.86 Million | 950.22% |
| Total Equity | CA$40.82 Million | 100.00% |
Africa Energy Corp Competitors by Market Cap
The table below lists competitors of Africa Energy Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chungdamglobal Co. Ltd.
KQ:362320
|
$71.08 Million |
|
WeConnect
PA:ALWEC
|
$71.11 Million |
|
Emporiki Eisagogiki Aftokiniton Ditrohon kai Mihanon Thalassis Societe Anonyme
AT:MOTO
|
$71.15 Million |
|
Precot Limited
NSE:PRECOT
|
$71.16 Million |
|
NIP Group Inc. American Depositary Shares
NASDAQ:NIPG
|
$71.05 Million |
|
Spark I Acquisition Corp. Class A Ordinary Share
NASDAQ:SPKL
|
$71.04 Million |
|
AudioEye Inc
NASDAQ:AEYE
|
$71.03 Million |
|
Drb Industrial
KO:163560
|
$71.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Africa Energy Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 31,922,000 to 40,818,000, a change of 8,896,000 (27.9%).
- Net loss of 4,957,000 reduced equity.
- New share issuances of 8,321,000 increased equity.
- Other factors increased equity by 5,532,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-4.96 Million | -12.14% |
| Share Issuances | CA$8.32 Million | +20.39% |
| Other Changes | CA$5.53 Million | +13.55% |
| Total Change | CA$- | 27.87% |
Book Value vs Market Value Analysis
This analysis compares Africa 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: 2.41x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.06x to 2.41x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CA$3.54 | CA$0.21 | x |
| 2012-12-31 | CA$1.03 | CA$0.21 | x |
| 2013-12-31 | CA$0.96 | CA$0.21 | x |
| 2014-12-31 | CA$0.01 | CA$0.21 | x |
| 2015-12-31 | CA$0.06 | CA$0.21 | x |
| 2016-12-31 | CA$0.07 | CA$0.21 | x |
| 2017-12-31 | CA$0.04 | CA$0.21 | x |
| 2018-12-31 | CA$0.08 | CA$0.21 | x |
| 2019-12-31 | CA$0.06 | CA$0.21 | x |
| 2020-12-31 | CA$0.28 | CA$0.21 | x |
| 2021-12-31 | CA$0.19 | CA$0.21 | x |
| 2022-12-31 | CA$0.18 | CA$0.21 | x |
| 2023-12-31 | CA$0.09 | CA$0.21 | x |
| 2024-12-31 | CA$0.02 | CA$0.21 | x |
| 2025-12-31 | CA$0.09 | CA$0.21 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Africa Energy Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -12.14%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.01x
- Recent ROE (-12.14%) is above the historical average (-509.59%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | -1.46% | 0.00% | 0.00x | 1.10x | CA$-8.61 Million |
| 2012 | 3.29% | 0.00% | 0.00x | 1.08x | CA$-6.09 Million |
| 2013 | 2.36% | 0.00% | 0.00x | 1.00x | CA$-7.13 Million |
| 2014 | -7044.09% | 0.00% | 0.00x | 1.35x | CA$-92.48 Million |
| 2015 | -46.80% | 0.00% | 0.00x | 1.08x | CA$-3.88 Million |
| 2016 | -25.18% | 0.00% | 0.00x | 1.03x | CA$-5.87 Million |
| 2017 | -39.14% | 0.00% | 0.00x | 1.44x | CA$-5.96 Million |
| 2018 | -65.81% | 0.00% | 0.00x | 1.00x | CA$-33.53 Million |
| 2019 | -11.19% | 0.00% | 0.00x | 1.01x | CA$-8.78 Million |
| 2020 | -1.70% | 0.00% | 0.00x | 1.01x | CA$-28.34 Million |
| 2021 | 18.32% | 0.00% | 0.00x | 1.01x | CA$22.09 Million |
| 2022 | -14.25% | 0.00% | 0.00x | 1.03x | CA$-60.38 Million |
| 2023 | -90.85% | 0.00% | 0.00x | 1.05x | CA$-132.96 Million |
| 2024 | -315.19% | 0.00% | 0.00x | 1.33x | CA$-103.81 Million |
| 2025 | -12.14% | 0.00% | 0.00x | 1.01x | CA$-9.04 Million |
Industry Comparison
This section compares Africa 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: $714,086,167
- Average return on equity (ROE) among peers: -14.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Africa Energy Corp (AFE) | CA$40.82 Million | -1.46% | 0.01x | $71.06 Million |
| Advantage Oil & Gas Ltd. (AAV) | $1.27 Billion | -1.67% | 1.21x | $1.22 Billion |
| Alvopetro Energy (ALV) | $60.57 Million | -7.17% | 0.08x | $230.37 Million |
| Africa Oil Corp (AOI) | $929.85 Million | -5.66% | 0.06x | $820.85 Million |
| Altima Resources Ltd (ARH) | $18.57 Million | -6.97% | 0.60x | $19.37 Million |
| ARC Resources Ltd. (ARX) | $3.16 Billion | 9.08% | 0.68x | $13.26 Billion |
| Athabasca Oil Corp (ATH) | $965.95 Million | -58.97% | 0.89x | $4.13 Billion |
| Altai Resources Inc. (ATI) | $4.45 Million | -2.56% | 0.07x | $1.42 Million |
| Avanti Energy Inc (AVN) | $159.53K | -53.64% | 0.35x | $24.04 Million |
| Arrow Exploration Corp (AXL) | $10.89 Million | -0.55% | 0.12x | $84.78 Million |
About Africa Energy Corp
Africa Energy Corp. operates as an oil and gas exploration company in South Africa. The company focuses on potential gas condensate development on Block 11B/12B in offshore South Africa. The company was formerly known as Horn Petroleum Corporation and changed its name to Africa Energy Corp. in March 2015. Africa Energy Corp. is based in Vancouver, Canada.