Clover Power PCL
Clover Power Public Company Limited, together with its subsidiaries, engages in the generation and sale of electricity in Thailand, Australia, and Vietnam. It operates biomass and waste power plants, as well as combined-cycle power plants. The company is involved in the design, engineering, construction, maintenance, and management of power plants; supplying and trading of machinery and equipment… Read more
Clover Power PCL (CV) - Net Assets
Latest net assets as of September 2024: ฿977.09 Million THB
Based on the latest financial reports, Clover Power PCL (CV) has net assets worth ฿977.09 Million THB as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿3.83 Billion) and total liabilities (฿2.86 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 | ฿977.09 Million |
| % of Total Assets | 25.48% |
| Annual Growth Rate | 42.62% |
| 5-Year Change | 190.76% |
| 10-Year Change | N/A |
| Growth Volatility | 90.98 |
Clover Power PCL - Net Assets Trend (2017–2023)
This chart illustrates how Clover Power PCL's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Clover Power PCL (2017–2023)
The table below shows the annual net assets of Clover Power PCL from 2017 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ฿1.43 Billion | -29.33% |
| 2022-12-31 | ฿2.02 Billion | +3.23% |
| 2021-12-31 | ฿1.96 Billion | +231.32% |
| 2020-12-31 | ฿590.77 Million | +20.30% |
| 2019-12-31 | ฿491.08 Million | +138.39% |
| 2018-12-31 | ฿206.00 Million | +21.36% |
| 2017-12-31 | ฿169.74 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Clover Power PCL'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 1595.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ฿640.00 Million | 46.21% |
| Other Comprehensive Income | ฿-11.47 Million | -0.83% |
| Other Components | ฿1.05 Billion | 75.93% |
| Total Equity | ฿1.38 Billion | 100.00% |
Clover Power PCL Competitors by Market Cap
The table below lists competitors of Clover Power PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Biora Therapeutics Inc
OTCMKTS:BIOR
|
$553.69K |
|
Quebec Rare Earth Elements Corp
PINK:QQREF
|
$555.54K |
|
STERICYCLE - Dusseldorf Stock Exchang
DU:SY9
|
$555.73K |
|
Clean & Carbon Energy S.A.
WAR:CCE
|
$555.76K |
|
ERAMET - Dusseldorf Stock Exchang
DU:ER7
|
$553.06K |
|
Diamond Bancshares Inc
PINK:DMNB
|
$553.01K |
|
Esthetics International Group
KLSE:5081
|
$552.90K |
|
Hotelim Société Anonyme
PA:MLHOT
|
$552.26K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Clover Power PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,944,468,908 to 1,384,889,450, a change of -559,579,458 (-28.8%).
- Net loss of 560,104,244 reduced equity.
- Other comprehensive income decreased equity by 15,357,313.
- Other factors increased equity by 15,882,099.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ฿-560.10 Million | -40.44% |
| Other Comprehensive Income | ฿-15.36 Million | -1.11% |
| Other Changes | ฿15.88 Million | +1.15% |
| Total Change | ฿- | -28.78% |
Book Value vs Market Value Analysis
This analysis compares Clover Power PCL'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: 0.03x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ฿0.57 | ฿0.03 | x |
| 2018-12-31 | ฿0.69 | ฿0.03 | x |
| 2019-12-31 | ฿0.18 | ฿0.03 | x |
| 2020-12-31 | ฿0.44 | ฿0.03 | x |
| 2021-12-31 | ฿1.76 | ฿0.03 | x |
| 2022-12-31 | ฿1.46 | ฿0.03 | x |
| 2023-12-31 | ฿1.08 | ฿0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Clover Power PCL 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): -40.44%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -54.32%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 3.21x
- Recent ROE (-40.44%) is below the historical average (6.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 14.53% | 9.63% | 0.39x | 3.82x | ฿7.69 Million |
| 2018 | 17.60% | 12.74% | 0.55x | 2.54x | ฿15.66 Million |
| 2019 | 9.20% | 3.55% | 0.29x | 8.86x | ฿-1.90 Million |
| 2020 | 33.84% | 8.09% | 1.27x | 3.29x | ฿140.75 Million |
| 2021 | 7.54% | 8.55% | 0.52x | 1.70x | ฿-48.13 Million |
| 2022 | 0.66% | 0.66% | 0.43x | 2.29x | ฿-181.66 Million |
| 2023 | -40.44% | -54.32% | 0.23x | 3.21x | ฿-698.59 Million |
Industry Comparison
This section compares Clover Power PCL's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $7,794,545,125
- Average return on equity (ROE) among peers: 3.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Clover Power PCL (CV) | ฿977.09 Million | 14.53% | 2.92x | $553.20K |
| Asia Biomass Public Company Limited (ABM) | $142.62 Million | -4.32% | 3.60x | $1.48 Million |
| Absolute Clean Energy PCL (ACE) | $14.18 Billion | 9.04% | 0.41x | $77.52 Million |
| ABSOLUTE CLEAN ENERGY (ACE-R) | $276.78 Million | -1.23% | 37.38x | $79.91 Million |
| BBGI PCL (BBGI) | $6.50 Billion | 12.99% | 0.96x | $41.12 Million |
| BCPG Public Company Limited (BCPG) | $27.23 Billion | 7.39% | 1.16x | $229.34 Million |
| Energy Absolute Public Company Limited (EA) | $19.52 Billion | 25.49% | 2.03x | $424.82 Million |
| Earth Tech Environment Public Company Limited (ETC) | $222.14 Million | -9.24% | 1.12x | $13.55 Million |
| Green Resources Public Company Limited (GREEN) | $767.18 Million | -4.00% | 0.36x | $7.02 Million |
| Meta Corporation Public Company Limited (META) | $1.31 Billion | -8.12% | 0.39x | $2.59 Million |