Green Hydrogen Systems AS
Green Hydrogen Systems A/S develops and produces electrolysers for hydrogen production based on renewable energy in United Kingdom, Norway, Chile, and Switzerland. The company engages in the installation and sales of electrolysis solutions, as well as provides installed systems services. Its services is used in direct application for decarbonization of industry feedstock and heavy-duty and long r… Read more
Green Hydrogen Systems AS (GREENH) - Net Assets
Latest net assets as of June 2024: Dkr673.08 Million DKK
Based on the latest financial reports, Green Hydrogen Systems AS (GREENH) has net assets worth Dkr673.08 Million DKK as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Dkr2.21 Billion) and total liabilities (Dkr1.54 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 | Dkr673.08 Million |
| % of Total Assets | 30.45% |
| Annual Growth Rate | 213.74% |
| 5-Year Change | 4194.47% |
| 10-Year Change | N/A |
| Growth Volatility | 5978.4 |
Green Hydrogen Systems AS - Net Assets Trend (2017–2023)
This chart illustrates how Green Hydrogen Systems AS's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Green Hydrogen Systems AS (2017–2023)
The table below shows the annual net assets of Green Hydrogen Systems AS from 2017 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | Dkr881.83 Million | +2.29% |
| 2022-12-31 | Dkr862.05 Million | -26.44% |
| 2021-12-31 | Dkr1.17 Billion | +28842.73% |
| 2020-12-31 | Dkr-4.08 Million | -119.85% |
| 2019-12-31 | Dkr20.53 Million | +14888.32% |
| 2018-12-31 | Dkr137.00K | -85.21% |
| 2017-12-31 | Dkr926.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Green Hydrogen Systems AS'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 154600200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Dkr187.73 Million | 21.29% |
| Other Components | Dkr2.25 Billion | 254.89% |
| Total Equity | Dkr881.83 Million | 100.00% |
Green Hydrogen Systems AS Competitors by Market Cap
The table below lists competitors of Green Hydrogen Systems AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Millcon Steel Public Company Limited
BK:MILL
|
$9.16 Million |
|
Empro Group Inc. Ordinary shares
NASDAQ:EMPG
|
$9.16 Million |
|
Protasco Bhd
KLSE:5070
|
$9.16 Million |
|
Star Money Public Company Limited
BK:STARM
|
$9.16 Million |
|
Neto Malinda
TA:NTML
|
$9.16 Million |
|
ReWalk Robotics Ltd
NASDAQ:LFWD
|
$9.15 Million |
|
Lighthouse Capital Ltd
JSE:LTE
|
$9.15 Million |
|
Thomas Scott (India) Limited
NSE:THOMASCOTT
|
$9.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Green Hydrogen Systems AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 862,055,000 to 881,826,000, a change of 19,771,000 (2.3%).
- Net loss of 406,196,000 reduced equity.
- New share issuances of 469,606,000 increased equity.
- Other comprehensive income decreased equity by 105,457,000.
- Other factors increased equity by 61,818,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Dkr-406.20 Million | -46.06% |
| Share Issuances | Dkr469.61 Million | +53.25% |
| Other Comprehensive Income | Dkr-105.46 Million | -11.96% |
| Other Changes | Dkr61.82 Million | +7.01% |
| Total Change | Dkr- | 2.29% |
Book Value vs Market Value Analysis
This analysis compares Green Hydrogen Systems AS'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: 0.07x
- 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 decreased from 245.96x to 0.07x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | Dkr0.00 | Dkr0.41 | x |
| 2019-12-31 | Dkr0.31 | Dkr0.41 | x |
| 2020-12-31 | Dkr-0.06 | Dkr0.41 | x |
| 2021-12-31 | Dkr10.21 | Dkr0.41 | x |
| 2022-12-31 | Dkr5.72 | Dkr0.41 | x |
| 2023-12-31 | Dkr5.65 | Dkr0.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Green Hydrogen Systems AS 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): -46.06%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -967.62%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 2.68x
- Recent ROE (-46.06%) is above the historical average (-364.87%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -2016.06% | -66.09% | 0.29x | 105.80x | Dkr-2.78 Million |
| 2019 | -52.28% | -75.62% | 0.35x | 1.99x | Dkr-12.79 Million |
| 2020 | 0.00% | -776.43% | 0.04x | 0.00x | Dkr-72.83 Million |
| 2021 | -42.06% | -9527.76% | 0.00x | 1.11x | Dkr-610.06 Million |
| 2022 | -32.75% | -2708.85% | 0.01x | 1.80x | Dkr-368.52 Million |
| 2023 | -46.06% | -967.62% | 0.02x | 2.68x | Dkr-494.38 Million |
Industry Comparison
This section compares Green Hydrogen Systems AS's net assets metrics with peer companies in the Utilities - Renewable industry.
No peer company data available for comparison.