Highwood Asset Management Ltd
Highwood Asset Management Ltd., together with its subsidiary, operates as an oil and gas exploration and production company in Canada. The company owns 100% interest in the Wabsaca River Pipeline System, a crude oil pipeline with a capacity of 20,000 barrel per day located in Edmonton, Canada. It also holds lithium-brine project located in Drumheller, southcentral Alberta. The company was formerl… Read more
Highwood Asset Management Ltd (HAM) - Net Assets
Latest net assets as of September 2025: CA$148.21 Million CAD
Based on the latest financial reports, Highwood Asset Management Ltd (HAM) has net assets worth CA$148.21 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$321.66 Million) and total liabilities (CA$173.45 Million). 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$148.21 Million |
| % of Total Assets | 46.08% |
| Annual Growth Rate | 25.55% |
| 5-Year Change | 1252.93% |
| 10-Year Change | N/A |
| Growth Volatility | 309.24 |
Highwood Asset Management Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Highwood Asset Management Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Highwood Asset Management Ltd (2017–2024)
The table below shows the annual net assets of Highwood Asset Management Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$132.09 Million | +26.76% |
| 2023-12-31 | CA$104.20 Million | +874.10% |
| 2022-12-31 | CA$10.70 Million | +33.83% |
| 2021-12-31 | CA$7.99 Million | -18.13% |
| 2020-12-31 | CA$9.76 Million | -45.75% |
| 2019-12-31 | CA$18.00 Million | -26.78% |
| 2018-12-31 | CA$24.58 Million | -8.50% |
| 2017-12-31 | CA$26.86 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Highwood Asset Management 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 353.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$65.30 Million | 49.44% |
| Other Components | CA$66.79 Million | 50.56% |
| Total Equity | CA$132.09 Million | 100.00% |
Highwood Asset Management Ltd Competitors by Market Cap
The table below lists competitors of Highwood Asset Management Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
nTels Co. Ltd
KQ:069410
|
$23.25 Million |
|
Baran Group Ltd
OTCGREY:BRANF
|
$23.26 Million |
|
Tons Lightology
TWO:4972
|
$23.26 Million |
|
Halla Eng&Cons
KO:014790
|
$23.26 Million |
|
ABO Wind AG
XETRA:AB9
|
$23.23 Million |
|
Streamline Health Solutions Inc
NASDAQ:STRM
|
$23.23 Million |
|
Singbao International Co Ltd
TWO:6130
|
$23.23 Million |
|
QUEEN S ROAD CAPITAL INV.
F:47U
|
$23.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Highwood Asset Management Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 104,199,000 to 132,087,000, a change of 27,888,000 (26.8%).
- Net income of 27,950,000 contributed positively to equity growth.
- Share repurchases of 1,801,000 reduced equity.
- Other factors increased equity by 1,739,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$27.95 Million | +21.16% |
| Share Repurchases | CA$1.80 Million | -1.36% |
| Other Changes | CA$1.74 Million | +1.32% |
| Total Change | CA$- | 26.76% |
Book Value vs Market Value Analysis
This analysis compares Highwood Asset Management 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: 0.54x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.03x to 0.54x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CA$141.58 | CA$4.82 | x |
| 2018-12-31 | CA$226.79 | CA$4.82 | x |
| 2019-12-31 | CA$2.99 | CA$4.82 | x |
| 2020-12-31 | CA$1.62 | CA$4.82 | x |
| 2021-12-31 | CA$1.33 | CA$4.82 | x |
| 2022-12-31 | CA$1.77 | CA$4.82 | x |
| 2023-12-31 | CA$6.98 | CA$4.82 | x |
| 2024-12-31 | CA$8.93 | CA$4.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Highwood Asset Management Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.16%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.77%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 2.21x
- Recent ROE (21.16%) is above the historical average (-13.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 2.24% | 2.03% | 0.37x | 2.99x | CA$-2.07 Million |
| 2018 | -7.37% | -5.86% | 0.24x | 5.15x | CA$-4.27 Million |
| 2019 | -61.19% | -26.95% | 0.36x | 6.34x | CA$-12.81 Million |
| 2020 | -95.09% | -36.43% | 0.39x | 6.72x | CA$-10.26 Million |
| 2021 | -29.04% | -20.90% | 0.70x | 1.99x | CA$-3.12 Million |
| 2022 | 21.00% | 27.63% | 0.48x | 1.57x | CA$1.18 Million |
| 2023 | 44.28% | 100.72% | 0.18x | 2.47x | CA$35.72 Million |
| 2024 | 21.16% | 19.77% | 0.48x | 2.21x | CA$14.74 Million |
Industry Comparison
This section compares Highwood Asset Management 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: $138,025,772
- Average return on equity (ROE) among peers: -9.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Highwood Asset Management Ltd (HAM) | CA$148.21 Million | 2.24% | 1.17x | $23.25 Million |
| Advantage Oil & Gas Ltd. (AAV) | $1.21 Billion | -1.70% | 0.91x | $1.14 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) | $8.61 Million | -19.92% | 0.13x | $283.50K |
| Canada Energy Partners Inc (CE-H) | $-617.75K | 0.00% | 0.00x | $99.62K |
| Benchmark Metals Inc (CEI) | $97.08 Million | -11.50% | 0.17x | $143.60 Million |
| Columbus Energy Limited (CEL-H) | $-587.57K | 0.00% | 0.00x | $456.61K |
| Criterium Energy Ltd. (CEQ) | $109.56K | 59.85% | 0.46x | $7.89 Million |
| Cavvy Energy Ltd. (CVVY) | $10.78 Million | -2.67% | 0.18x | $8.09K |
| District Mines Ltd (DIG-H) | $-397.45K | 0.00% | 0.00x | $1.17 Million |