ENEFIT GREEN AS (I6B) - Net Assets
Based on the latest financial reports, ENEFIT GREEN AS (I6B) has net assets worth €748.53 Million EUR (≈ $875.11 Million USD) as of March 2023. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.09 Billion ≈ $1.28 Billion USD) and total liabilities (€345.77 Million ≈ $404.25 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. Check I6B intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €748.53 Million |
| % of Total Assets | 68.4% |
| Annual Growth Rate | 15.95% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 5.95 |
ENEFIT GREEN AS - Net Assets Trend (2019–2022)
This chart illustrates how ENEFIT GREEN AS's net assets have evolved over time, based on quarterly financial data. See ENEFIT GREEN AS (I6B) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for ENEFIT GREEN AS (2019–2022)
The table below shows the annual net assets of ENEFIT GREEN AS from 2019 to 2022. For live valuation and market cap data, see market cap of ENEFIT GREEN AS.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | €718.73 Million ≈ $840.27 Million |
+13.44% |
| 2021-12-31 | €633.61 Million ≈ $740.75 Million |
+24.35% |
| 2020-12-31 | €509.55 Million ≈ $595.72 Million |
+10.53% |
| 2019-12-31 | €460.99 Million ≈ $538.94 Million |
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Equity Component Analysis
This analysis shows how different components contribute to ENEFIT GREEN 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 grown by 304.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €225.19 Million | 31.33% |
| Other Components | €493.54 Million | 68.67% |
| Total Equity | €718.73 Million | 100.00% |
ENEFIT GREEN AS Competitors by Market Cap
The table below lists competitors of ENEFIT GREEN AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Radius Recycling, Inc.
NASDAQ:RDUS
|
$841.73 Million |
|
Harbin Gloria Pharmaceuticals
SHE:002437
|
$841.85 Million |
|
Zhejiang Anglikang Pharmaceutical Co Ltd Class A
SHE:002940
|
$841.89 Million |
|
Metals Acquisition Limited
NYSE:MTAL
|
$841.90 Million |
|
Standard Motor Products Inc
NYSE:SMP
|
$841.47 Million |
|
Indian Metals & Ferro Alloys Limited
NSE:IMFA
|
$841.28 Million |
|
FPT Digital Retail JSC
VN:FRT
|
$841.16 Million |
|
Nanjing Chemical Fibre Co Ltd
SHG:600889
|
$841.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ENEFIT GREEN AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 633,607,000 to 718,733,000, a change of 85,126,000 (13.4%).
- Net income of 110,207,000 contributed positively to equity growth.
- Dividend payments of 39,906,000 reduced retained earnings.
- Other factors increased equity by 14,825,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €110.21 Million | +15.33% |
| Dividends Paid | €39.91 Million | -5.55% |
| Other Changes | €14.82 Million | +2.06% |
| Total Change | €- | 13.44% |
Book Value vs Market Value Analysis
This analysis compares ENEFIT GREEN 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: 1.17x
- 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 1.59x to 1.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | €2.01 | €3.19 | x |
| 2020-12-31 | €2.22 | €3.19 | x |
| 2021-12-31 | €2.40 | €3.19 | x |
| 2022-12-31 | €2.72 | €3.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ENEFIT GREEN 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): 15.33%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 43.04%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 1.48x
- Recent ROE (15.33%) is above the historical average (12.30%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 7.96% | 24.51% | 0.21x | 1.58x | €-9.40 Million |
| 2020 | 13.32% | 46.19% | 0.20x | 1.45x | €16.92 Million |
| 2021 | 12.57% | 43.66% | 0.22x | 1.29x | €16.30 Million |
| 2022 | 15.33% | 43.04% | 0.24x | 1.48x | €38.33 Million |
Industry Comparison
This section compares ENEFIT GREEN AS's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ENEFIT GREEN AS (I6B) | €748.53 Million | 7.96% | 0.46x | $841.72 Million |
| Covestro AG (1COV) | $5.25 Billion | 10.51% | 1.19x | $11.10 Billion |
| 2invest AG (2INV) | $82.61 Million | -2.29% | 0.06x | $70.69 Million |
| COINSHARES I. LS-000247 (3TW) | $304.77 Million | 19.41% | 10.42x | $472.53 Million |
| Adaptimmune Therapeutics plc (473A) | $202.98 Million | -34.55% | 0.39x | $42.94 Million |
| KINGMAN MINERALS LTD. (47A) | $1.17 Million | -63.86% | 0.49x | $267.57K |
| GENOR BIOPHARMA DL-00002 (67N0) | $1.81 Billion | -40.45% | 0.17x | $120.83 Million |
| Biotest Aktiengesellschaft (BIO) | $168.97 Million | 0.00% | 1.17x | $976.15 Million |
| Biotest Aktiengesellschaft (BIO3) | $253.37 Million | 11.10% | 1.34x | $656.94 Million |
| Bancolombia S.A (BXK) | $33.93 Trillion | 12.05% | 7.54x | $4.84 Billion |
| mVISE AG (C1V) | $3.44 Million | -64.81% | 3.31x | $10.43 Million |
About ENEFIT GREEN AS
Enefit Green AS engages in the production of renewable energy. It operates through Wind Energy, Cogeneration, Solar energy, and Other segments. The company produces electricity primarily from wind, solar, mixed municipal waste, and hydro. It operates in Estonia, Latvia, Lithuania, Poland, and Finland. The company was incorporated in 2005 and is headquartered in Tallinn, Estonia. Enefit Green AS o… Read more