Reconnaissance Energy Africa Ltd (RECO) - Net Assets
Based on the latest financial reports, Reconnaissance Energy Africa Ltd (RECO) has net assets worth CA$212.34 Million CAD (≈ $153.60 Million 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$218.23 Million ≈ $157.87 Million USD) and total liabilities (CA$5.90 Million ≈ $4.27 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. Read Reconnaissance Energy Africa Ltd total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$212.34 Million |
| % of Total Assets | 97.3% |
| Annual Growth Rate | 182.29% |
| 5-Year Change | 58760.54% |
| 10-Year Change | N/A |
| Growth Volatility | 1170.34 |
Reconnaissance Energy Africa Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Reconnaissance Energy Africa Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Reconnaissance Energy Africa Ltd total assets for the complete picture of this company's asset base.
Annual Net Assets for Reconnaissance Energy Africa Ltd (2017–2024)
The table below shows the annual net assets of Reconnaissance Energy Africa Ltd from 2017 to 2024. For live valuation and market cap data, see RECO company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-03-31 | CA$136.85 Million ≈ $99.00 Million |
+60.58% |
| 2022-03-31 | CA$85.22 Million ≈ $61.65 Million |
+198.13% |
| 2021-03-31 | CA$28.59 Million ≈ $20.68 Million |
+265.25% |
| 2020-03-31 | CA$7.83 Million ≈ $5.66 Million |
+3266.23% |
| 2019-03-31 | CA$232.51K ≈ $168.19K |
+154.36% |
| 2018-03-31 | CA$91.41K ≈ $66.12K |
-4.53% |
| 2017-03-31 | CA$95.75K ≈ $69.26K |
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Equity Component Analysis
This analysis shows how different components contribute to Reconnaissance Energy Africa 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 decreased by 28736008100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$442.85 Million | 323.59% |
| Total Equity | CA$136.85 Million | 100.00% |
Reconnaissance Energy Africa Ltd Competitors by Market Cap
The table below lists competitors of Reconnaissance Energy Africa Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NVE Corporation
NASDAQ:NVEC
|
$306.29 Million |
|
Bell Financial Group Ltd
AU:BFG
|
$306.38 Million |
|
ANGI Homeservices Inc
NASDAQ:ANGI
|
$306.40 Million |
|
Arvind SmartSpaces Limited
NSE:ARVSMART
|
$306.52 Million |
|
Hitron Technologies Inc
TW:2419
|
$306.23 Million |
|
Evolent Health Inc
NYSE:EVH
|
$306.16 Million |
|
Kingsway Financial Services Inc
NYSE:KFS
|
$306.16 Million |
|
Selena FM S.A.
WAR:SEL
|
$306.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Reconnaissance Energy Africa Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2024, total equity changed from 85,224,721 to 136,854,884, a change of 51,630,163 (60.6%).
- Net income of 41,111,791 contributed positively to equity growth.
- New share issuances of 9,471,304 increased equity.
Equity Change Factors (2022 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$41.11 Million | +30.04% |
| Share Issuances | CA$9.47 Million | +6.92% |
| Other Changes | CA$1.05 Million | +0.77% |
| Total Change | CA$- | 60.58% |
Book Value vs Market Value Analysis
This analysis compares Reconnaissance Energy Africa 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: 1.73x
- 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 54.60x to 1.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | CA$0.02 | CA$1.12 | x |
| 2018-03-31 | CA$0.02 | CA$1.12 | x |
| 2019-03-31 | CA$0.04 | CA$1.12 | x |
| 2020-03-31 | CA$0.12 | CA$1.12 | x |
| 2021-03-31 | CA$0.26 | CA$1.12 | x |
| 2022-03-31 | CA$0.45 | CA$1.12 | x |
| 2024-03-31 | CA$0.65 | CA$1.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Reconnaissance Energy Africa Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 30.04%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.04x
- Recent ROE (30.04%) is above the historical average (-122.14%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -123.65% | 0.00% | 0.00x | 1.69x | CA$-127.97K |
| 2018 | -187.45% | 0.00% | 0.00x | 2.27x | CA$-180.48K |
| 2019 | -198.80% | 0.00% | 0.00x | 2.41x | CA$-485.49K |
| 2020 | -39.88% | 0.00% | 0.00x | 1.07x | CA$-3.90 Million |
| 2021 | -26.16% | 0.00% | 0.00x | 1.07x | CA$-10.34 Million |
| 2022 | -309.07% | -2530.40% | 0.08x | 1.57x | CA$-271.93 Million |
| 2024 | 30.04% | 0.00% | 0.00x | 1.04x | CA$27.43 Million |
Industry Comparison
This section compares Reconnaissance Energy Africa 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: $642,696,496
- Average return on equity (ROE) among peers: -12.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Reconnaissance Energy Africa Ltd (RECO) | CA$212.34 Million | -123.65% | 0.03x | $306.26 Million |
| Advantage Oil & Gas Ltd. (AAV) | $1.27 Billion | -1.67% | 1.21x | $1.22 Billion |
| Africa Energy Corp (AFE) | $189.46K | 0.00% | 0.21x | $71.06 Million |
| 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 Reconnaissance Energy Africa Ltd
Reconnaissance Energy Africa Ltd., a junior oil and gas company, engages in exploration and development of oil and gas properties in Namibia and Botswana. The company holds a 90% interest in a petroleum exploration license located in Namibia; and 100% working interest in a petroleum license located in northwestern Botswana, as well as an agreement for a joint exploration project in Angola. Reconn… Read more