Mainova AG
Mainova AG operates as an energy service provider in Germany. It operates through Electricity Supply; Gas Supply; Generation and District Heating; Renewable Energy/Energy Services; Water Supply; Investments; and Other Activities segments. The company generates and supplies electricity and heat using thermal, wind, solar, and biomass power plants; and PV business, contracting, and energy services.… Read more
Mainova AG (MNV6) - Net Assets
Latest net assets as of June 2023: €1.74 Billion EUR
Based on the latest financial reports, Mainova AG (MNV6) has net assets worth €1.74 Billion EUR as of June 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€5.93 Billion) and total liabilities (€4.19 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 | €1.74 Billion |
| % of Total Assets | 29.32% |
| Annual Growth Rate | 4.82% |
| 5-Year Change | 23.12% |
| 10-Year Change | N/A |
| Growth Volatility | 11.94 |
Mainova AG - Net Assets Trend (2013–2022)
This chart illustrates how Mainova 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 Mainova AG (2013–2022)
The table below shows the annual net assets of Mainova AG from 2013 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | €1.55 Billion | -6.95% |
| 2021-12-31 | €1.67 Billion | +29.97% |
| 2020-12-31 | €1.28 Billion | +4.37% |
| 2019-12-31 | €1.23 Billion | -2.45% |
| 2018-12-31 | €1.26 Billion | +23.93% |
| 2017-12-31 | €1.02 Billion | -1.19% |
| 2016-12-31 | €1.03 Billion | +1.58% |
| 2015-12-31 | €1.01 Billion | -0.64% |
| 2014-12-31 | €1.02 Billion | +0.37% |
| 2013-12-31 | €1.02 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mainova 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 grown by 68.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €1.15 Billion | 73.95% |
| Common Stock | €142.34 Million | 9.18% |
| Other Components | €261.65 Million | 16.87% |
| Total Equity | €1.55 Billion | 100.00% |
Mainova AG Competitors by Market Cap
The table below lists competitors of Mainova AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fila SpA
LSE:0QIQ
|
$271.70 Million |
|
Chorus Aviation Inc
PINK:CHRRF
|
$271.74 Million |
|
ZJMI Environmental Energy Co. Ltd.
SHG:603071
|
$271.78 Million |
|
Yatharth Hospital & Trauma Care Services Limited
NSE:YATHARTH
|
$271.79 Million |
|
init innovation in traffic systems SE
F:IXX
|
$271.67 Million |
|
Wuxi Xinhongtai ElecTech
SHG:603016
|
$271.45 Million |
|
Tivan Ltd
AU:TVN
|
$271.44 Million |
|
Is Gayrimenkul Yatirim Ortakligi AS
IS:ISGYO
|
$271.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mainova AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 1,665,008,000 to 1,550,687,000, a change of -114,321,000 (-6.9%).
- Net loss of 185,222,000 reduced equity.
- Dividend payments of 60,768,000 reduced retained earnings.
- Other factors increased equity by 131,669,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-185.22 Million | -11.94% |
| Dividends Paid | €60.77 Million | -3.92% |
| Other Changes | €131.67 Million | +8.49% |
| Total Change | €- | -6.87% |
Book Value vs Market Value Analysis
This analysis compares Mainova 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: 1.28x
- 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 1.95x to 1.28x 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 | €182.49 | €356.00 | x |
| 2018-12-31 | €226.21 | €356.00 | x |
| 2019-12-31 | €220.66 | €356.00 | x |
| 2020-12-31 | €232.99 | €356.00 | x |
| 2021-12-31 | €302.77 | €356.00 | x |
| 2022-12-31 | €278.90 | €356.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mainova 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): -11.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.59%
- • Asset Turnover: 1.01x
- • Equity Multiplier: 4.57x
- Recent ROE (-11.94%) is below the historical average (8.83%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 11.55% | 5.13% | 0.78x | 2.90x | €15.37 Million |
| 2014 | 9.51% | 4.59% | 0.74x | 2.80x | €-4.84 Million |
| 2015 | 8.04% | 4.03% | 0.74x | 2.70x | €-19.41 Million |
| 2016 | 10.78% | 5.50% | 0.73x | 2.70x | €7.87 Million |
| 2017 | 9.50% | 4.82% | 0.74x | 2.67x | €-5.10 Million |
| 2018 | 10.26% | 6.30% | 0.68x | 2.41x | €3.21 Million |
| 2019 | 3.93% | 2.11% | 0.72x | 2.57x | €-74.48 Million |
| 2020 | 14.02% | 7.93% | 0.69x | 2.55x | €51.48 Million |
| 2021 | 22.63% | 10.07% | 0.59x | 3.83x | €210.27 Million |
| 2022 | -11.94% | -2.59% | 1.01x | 4.57x | €-340.29 Million |
Industry Comparison
This section compares Mainova AG's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $21,116,453,500
- Average return on equity (ROE) among peers: 382.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mainova AG (MNV6) | €1.74 Billion | 11.55% | 2.41x | $271.67 Million |
| Fjordkraft Holding ASA (1ZK) | $1.48 Billion | 10.97% | 3.79x | $354.86 Million |
| Neoenergia S.A. (2Q40) | $26.94 Billion | 17.51% | 2.43x | $4.24 Billion |
| GUYANA FRONTIER (58S) | $13.09 Billion | -17.32% | 1.28x | $1.12 Billion |
| PNM Resources Inc (98P) | $2.26 Billion | 7.54% | 3.10x | $5.17 Billion |
| Energa SA (EN2) | $10.36 Billion | 7.14% | 1.09x | $164.31 Million |
| China Power International Development Limited (HPD) | $51.88 Billion | -0.99% | 2.37x | $1.52 Billion |
| ECB S.A. (JH8) | $20.86 Million | 3065.46% | 0.54x | $2.06 Million |
| Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (PWD1) | $62.90 Billion | -28.14% | 1.37x | $1.28 Billion |