Enapter AG
Enapter AG designs, manufactures, and sells hydrogen generators. The company offers patented and iridium-free anion exchange membrane electrolysers; AI software; and energy management systems. Its electrolysers are used in energy storage, mobility, industry, research, and testing sectors. The company was formerly known as S&O Beteiligungen AG and changed its name to Enapter AG in November 2020. E… Read more
Enapter AG (H2O) - Net Assets
Latest net assets as of June 2025: €56.24 Million EUR
Based on the latest financial reports, Enapter AG (H2O) has net assets worth €56.24 Million EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€145.56 Million) and total liabilities (€89.32 Million). 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 | €56.24 Million |
| % of Total Assets | 38.64% |
| Annual Growth Rate | N/A |
| 5-Year Change | 659.65% |
| 10-Year Change | N/A |
| Growth Volatility | 750.78 |
Enapter AG - Net Assets Trend (2017–2024)
This chart illustrates how Enapter AG's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Enapter AG (2017–2024)
The table below shows the annual net assets of Enapter AG from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €66.43 Million | -17.24% |
| 2023-12-31 | €80.27 Million | -7.16% |
| 2022-12-31 | €86.45 Million | +85.84% |
| 2021-12-31 | €46.52 Million | +431.98% |
| 2020-12-31 | €8.74 Million | +122.49% |
| 2019-12-31 | €3.93 Million | +2097.58% |
| 2018-12-31 | €178.85K | -- |
| 2017-12-31 | €0.00 | -- |
Equity Component Analysis
This analysis shows how different components contribute to Enapter AG'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 5171198554.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €122.72 Million | 184.75% |
| Total Equity | €66.43 Million | 100.00% |
Enapter AG Competitors by Market Cap
The table below lists competitors of Enapter AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vietnam Electricity Construction JSC
VN:VNE
|
$14.33 Million |
|
Oriental System Technology Inc.
TWO:6819
|
$14.33 Million |
|
Kenongwo Group US Inc
PINK:KNGW
|
$14.33 Million |
|
ACMNF
PINK:ACMNF
|
$14.34 Million |
|
Inflection Resources Ltd
OTCQB:AUCUF
|
$14.33 Million |
|
Alpha Astika Akinita S.A
AT:ASTAK
|
$14.33 Million |
|
TSKB Gayrimenkul Yatirim Ortakligi AS
IS:TSGYO
|
$14.32 Million |
|
Melbana Energy Ltd
AU:MAY
|
$14.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Enapter AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 80,265,695 to 66,429,079, a change of -13,836,616 (-17.2%).
- Net loss of 20,733,689 reduced equity.
- New share issuances of 8,000,004 increased equity.
- Other factors decreased equity by 1,102,931.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-20.73 Million | -31.21% |
| Share Issuances | €8.00 Million | +12.04% |
| Other Changes | €-1.10 Million | -1.66% |
| Total Change | €- | -17.24% |
Book Value vs Market Value Analysis
This analysis compares Enapter AG'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: 0.59x
- 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 | €0.00 | €1.35 | x |
| 2018-12-31 | €2.74 | €1.35 | x |
| 2019-12-31 | €184.33 | €1.35 | x |
| 2020-12-31 | €6.94 | €1.35 | x |
| 2021-12-31 | €1.91 | €1.35 | x |
| 2022-12-31 | €3.11 | €1.35 | x |
| 2023-12-31 | €2.95 | €1.35 | x |
| 2024-12-31 | €2.28 | €1.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Enapter AG 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): -31.21%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -96.72%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 2.16x
- Recent ROE (-31.21%) is below the historical average (-22.62%), 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 | 0.00% | 0.00% | 0.00x | 0.00x | €-36.37K |
| 2018 | -43.69% | 0.00% | 0.00x | 17.19x | €-96.02K |
| 2020 | -40.80% | -172.36% | 0.14x | 1.66x | €-4.44 Million |
| 2021 | -18.70% | -103.06% | 0.14x | 1.34x | €-13.35 Million |
| 2022 | -15.01% | -88.45% | 0.14x | 1.25x | €-21.62 Million |
| 2023 | -8.92% | -22.66% | 0.22x | 1.76x | €-15.19 Million |
| 2024 | -31.21% | -96.72% | 0.15x | 2.16x | €-27.38 Million |
Industry Comparison
This section compares Enapter AG's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $7,657,119,913
- Average return on equity (ROE) among peers: -52.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Enapter AG (H2O) | €56.24 Million | 0.00% | 1.59x | $14.33 Million |
| 2G Energy AG (2GB) | $146.19 Million | 16.19% | 0.90x | $344.59 Million |
| Star Micronics Co., Ltd. (2ZN) | $74.43 Billion | 2.49% | 0.25x | $572.39 Million |
| Arcure S.A. (340) | $8.25 Million | 21.18% | 1.54x | $10.75 Million |
| Valtecne S.p.A. (71W) | $10.98 Million | 20.94% | 1.55x | $8.28 Million |
| ENGIE Eps S.A (8XE) | $2.34 Million | -626.68% | 17.75x | $26.43 Million |
| FlexQube AB (publ) (A1Y) | $69.33 Million | -10.19% | 1.22x | $6.98 Million |
| Aalberts N.V (AACA) | $1.51 Billion | 13.52% | 0.92x | $3.32 Billion |
| WALTER MEIER AG NAM. (B4A1) | $169.51 Million | 12.55% | 0.87x | $155.45 Million |
| Biesse S.p.A (BI2) | $214.81 Million | 1.18% | 2.06x | $46.21 Million |
| STIF Société anonyme (D08) | $6.01 Million | 28.52% | 1.88x | $562.72K |