ADVANCED ENERGY IND
ADVANCED ENERGY IND operates in Diversified Metals & Mining.
ADVANCED ENERGY IND (AVX) - Net Assets
Latest net assets as of September 2024: €1.16 Billion EUR
Based on the latest financial reports, ADVANCED ENERGY IND (AVX) has net assets worth €1.16 Billion EUR as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€2.19 Billion) and total liabilities (€1.03 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 | €1.16 Billion |
| % of Total Assets | 53.1% |
| Annual Growth Rate | 16.54% |
| 5-Year Change | 68.94% |
| 10-Year Change | N/A |
| Growth Volatility | 8.58 |
ADVANCED ENERGY IND - Net Assets Trend (2016–2023)
This chart illustrates how ADVANCED ENERGY IND's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for ADVANCED ENERGY IND (2016–2023)
The table below shows the annual net assets of ADVANCED ENERGY IND from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €1.14 Billion | +7.31% |
| 2022-12-31 | €1.07 Billion | +22.35% |
| 2021-12-31 | €871.50 Million | +6.89% |
| 2020-12-31 | €815.34 Million | +20.39% |
| 2019-12-31 | €677.26 Million | +11.52% |
| 2018-12-31 | €607.30 Million | +16.65% |
| 2017-12-31 | €520.64 Million | +32.79% |
| 2016-12-31 | €392.07 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to ADVANCED ENERGY IND'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 406.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €989.73 Million | 86.50% |
| Other Components | €154.45 Million | 13.50% |
| Total Equity | €1.14 Billion | 100.00% |
ADVANCED ENERGY IND Competitors by Market Cap
The table below lists competitors of ADVANCED ENERGY IND ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Plascar Participações Industriais S.A
SA:PLAS3
|
$1.75 Million |
|
Cooper Metals Ltd
AU:CPM
|
$1.75 Million |
|
Morningstar US Mid Cap PR USD
PINK:MMCP
|
$1.75 Million |
|
N2OFF Inc
NASDAQ:NITO
|
$1.75 Million |
|
Kalo Gold Holdings Corp
OTCQB:KLGDF
|
$1.75 Million |
|
AnalytixInsight Inc
PINK:ATIXF
|
$1.75 Million |
|
Verde Clean Fuels Inc.
NASDAQ:VGAS
|
$1.75 Million |
|
Variscan Mines Ltd
AU:VAR
|
$1.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ADVANCED ENERGY IND's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,066,267,000 to 1,144,182,000, a change of 77,915,000 (7.3%).
- Net income of 128,284,000 contributed positively to equity growth.
- Dividend payments of 15,222,000 reduced retained earnings.
- Share repurchases of 40,000,000 reduced equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €128.28 Million | +11.21% |
| Dividends Paid | €15.22 Million | -1.33% |
| Share Repurchases | €40.00 Million | -3.5% |
| Other Changes | €4.85 Million | +0.42% |
| Total Change | €- | 7.31% |
Book Value vs Market Value Analysis
This analysis compares ADVANCED ENERGY IND'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: 6.00x
- 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 14.00x to 6.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €13.15 | €184.00 | x |
| 2018-12-31 | €15.90 | €184.00 | x |
| 2019-12-31 | €17.64 | €184.00 | x |
| 2020-12-31 | €21.28 | €184.00 | x |
| 2021-12-31 | €23.17 | €184.00 | x |
| 2022-12-31 | €28.49 | €184.00 | x |
| 2023-12-31 | €30.66 | €184.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ADVANCED ENERGY IND 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): 11.21%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.75%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 2.23x
- Recent ROE (11.21%) is below the historical average (19.34%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 32.51% | 26.35% | 0.85x | 1.46x | €88.25 Million |
| 2017 | 26.48% | 20.55% | 0.92x | 1.41x | €85.80 Million |
| 2018 | 24.23% | 20.45% | 0.88x | 1.35x | €86.35 Million |
| 2019 | 9.60% | 8.23% | 0.51x | 2.26x | €-2.73 Million |
| 2020 | 16.53% | 9.51% | 0.86x | 2.02x | €53.20 Million |
| 2021 | 15.47% | 9.25% | 0.80x | 2.09x | €47.65 Million |
| 2022 | 18.73% | 10.82% | 0.93x | 1.87x | €93.03 Million |
| 2023 | 11.21% | 7.75% | 0.65x | 2.23x | €13.87 Million |
Industry Comparison
This section compares ADVANCED ENERGY IND's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $114,212,818,724
- Average return on equity (ROE) among peers: -9.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ADVANCED ENERGY IND (AVX) | €1.16 Billion | 32.51% | 0.88x | $1.75 Million |
| HORIBA (01H) | $204.49 Billion | 10.42% | 0.82x | $989.01K |
| Tokyu Corporation (01T) | $779.37 Billion | 3.34% | 2.35x | $99.73K |
| GUANGZHOU AUTO -H- (02G) | $122.28 Billion | 6.59% | 0.55x | $4.05K |
| MOSAIC (02M) | $10.60 Billion | 4.43% | 0.90x | $280.83K |
| MOSAIC (02M.SG) (02M) | $9.56 Billion | 10.46% | 0.82x | $247.21K |
| CHINA JO-JO DRGSTRS (04CN.SG) (04CN) | $16.67 Million | -126.83% | 4.46x | $1.55 Million |
| KRAKATAU STEEL -B- (07K) | $552.59 Million | 3.52% | 4.72x | $166.99 |
| CN MODERN DAIRY (07M) | $7.12 Billion | -10.42% | 1.50x | $1.68K |
| TOURMALINE OIL (08T) | $7.22 Billion | 4.81% | 0.41x | $381.02K |
| ASIA CASSAVA RESOUR (0ACS) | $913.15 Million | 2.86% | 1.55x | $325.03 |