Logan Energy Corp (LGN) - Net Assets
Based on the latest financial reports, Logan Energy Corp (LGN) has net assets worth CA$175.12 Million CAD (≈ $126.68 Million USD) as of June 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$248.39 Million ≈ $179.68 Million USD) and total liabilities (CA$73.27 Million ≈ $53.00 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. See Logan Energy Corp balance sheet quality to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$175.12 Million |
| % of Total Assets | 70.5% |
| Annual Growth Rate | 81.83% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Logan Energy Corp - Net Assets Trend (2022–2023)
This chart illustrates how Logan Energy Corp's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Logan Energy Corp market capitalisation.
Annual Net Assets for Logan Energy Corp (2022–2023)
The table below shows the annual net assets of Logan Energy Corp from 2022 to 2023. Also explore Logan Energy Corp (LGN) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | CA$174.12 Million ≈ $125.95 Million |
+81.76% |
| 2022-12-31 | CA$95.80 Million ≈ $69.30 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Logan 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 grown by 89700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$897.00K | 0.52% |
| Other Components | CA$173.22 Million | 99.48% |
| Total Equity | CA$174.12 Million | 100.00% |
Logan Energy Corp Competitors by Market Cap
The table below lists competitors of Logan Energy Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alexander Forbes Grp Hldg Ltd
JSE:AFH
|
$470.79 Million |
|
ChoiceOne Financial Services Inc
NASDAQ:COFS
|
$470.95 Million |
|
Bank Mestika Dharma Tbk
JK:BBMD
|
$471.00 Million |
|
MMTEC Inc
NASDAQ:MTC
|
$471.05 Million |
|
Yieh United Steel
TWO:9957
|
$470.58 Million |
|
Zhanjiang Guolian Aquatic Products
SHE:300094
|
$470.50 Million |
|
Haixia Envrnmnt
SHG:603817
|
$470.50 Million |
|
NVE Corporation
NASDAQ:NVEC
|
$470.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Logan Energy Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 95,795,000 to 174,116,000, a change of 78,321,000 (81.8%).
- Net loss of 33,799,000 reduced equity.
- New share issuances of 48,402,000 increased equity.
- Other factors increased equity by 63,718,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-33.80 Million | -19.41% |
| Share Issuances | CA$48.40 Million | +27.8% |
| Other Changes | CA$63.72 Million | +36.6% |
| Total Change | CA$- | 81.76% |
Book Value vs Market Value Analysis
This analysis compares Logan 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: 3.21x
- 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 3.91x to 3.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | CA$0.31 | CA$1.20 | x |
| 2023-12-31 | CA$0.37 | CA$1.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Logan 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): -19.41%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -41.10%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 1.35x
- Recent ROE (-19.41%) is below the historical average (10.86%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 41.13% | 30.82% | 0.97x | 1.38x | CA$29.82 Million |
| 2023 | -19.41% | -41.10% | 0.35x | 1.35x | CA$-51.21 Million |
Industry Comparison
This section compares Logan 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: $275,482,004
- Average return on equity (ROE) among peers: -22.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Logan Energy Corp (LGN) | CA$175.12 Million | 41.13% | 0.42x | $470.58 Million |
| Advantage Oil & Gas Ltd. (AAV) | $544.85 Million | -15.90% | 2.94x | $1.31 Billion |
| Africa Energy Corp (AFE) | $41.44 Million | -11.19% | 0.01x | $69.32 Million |
| Alvopetro Energy (ALV) | $66.14 Million | -10.76% | 0.04x | $293.40 Million |
| Africa Oil Corp (AOI) | $81.11K | 22.33% | 0.43x | $820.85 Million |
| Altima Resources Ltd (ARH) | $-4.31 Million | 0.00% | 0.00x | $19.37 Million |
| ARC Resources Ltd. (ARX) | $167.30 Million | -8.43% | 0.55x | $14.12 Billion |
| Athabasca Oil Corp (ATH) | $1.89 Billion | 12.95% | 0.35x | $4.01 Billion |
| Altai Resources Inc. (ATI) | $690.73K | -146.22% | 0.04x | $1.12 Million |
| Avanti Energy Inc (AVN) | $159.53K | -53.64% | 0.35x | $24.04 Million |
| Arrow Exploration Corp (AXL) | $45.16 Million | -13.24% | 0.61x | $140.62 Million |
About Logan Energy Corp
Logan Energy Corp. engages in the exploration, development, and production of crude oil and natural gas properties. The company holds interest in the Simonette and Pouce Coupe properties in northwest Alberta; and the Flatrock property in northeastern British Columbia. The company was formerly known as 2499938 Alberta Ltd. and changed its name to Logan Energy Corp. in March 2023. Logan Energy Corp… Read more