Corre Energy BV
Corre Energy B.V. engages in the development and operation of long duration energy storage (LDES) projects and products in Europe. The company develops and constructs energy storage facilities. It is also involved in the production of green hydrogen. The company was founded in 2018 and is headquartered in Groningen, the Netherlands. Corre Energy B.V. operates as a subsidiary of Corre Energy Group… Read more
Corre Energy BV (CORRE) - Net Assets
Latest net assets as of December 2023: €7.06 Million EUR
Based on the latest financial reports, Corre Energy BV (CORRE) has net assets worth €7.06 Million EUR as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€38.68 Million) and total liabilities (€31.62 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 | €7.06 Million |
| % of Total Assets | 18.25% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 642.07 |
Corre Energy BV - Net Assets Trend (2019–2023)
This chart illustrates how Corre Energy BV's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Corre Energy BV (2019–2023)
The table below shows the annual net assets of Corre Energy BV from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €7.06 Million | +161.23% |
| 2022-12-31 | €-11.53 Million | -235.25% |
| 2021-12-31 | €8.53 Million | +1048.89% |
| 2020-12-31 | €742.11K | +118.53% |
| 2019-12-31 | €-4.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Corre Energy BV'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 2723700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €34.33 Million | 484.21% |
| Total Equity | €7.09 Million | 100.00% |
Corre Energy BV Competitors by Market Cap
The table below lists competitors of Corre Energy BV ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Desane Group Holdings Ltd
AU:DGH
|
$4.40 Million |
|
Orcay Ortakoy Cay Sanayi & Ticaret AS
IS:ORCAY
|
$4.40 Million |
|
Gunpoint Exploration Ltd
PINK:CJIMF
|
$4.41 Million |
|
COSCIENS Biopharma Inc.
NASDAQ:CSCI
|
$4.41 Million |
|
O'Pay Electronic Payment Co., Ltd.
TWO:6878
|
$4.40 Million |
|
MinRex Resources Limited
F:L4Z
|
$4.40 Million |
|
ISCC FINTECH SPA
F:L7H
|
$4.40 Million |
|
CEMAT A/S NAM. B DK 002
F:1X9
|
$4.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Corre Energy BV's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -11,531,000 to 7,089,000, a change of 18,620,000.
- Net income of 5,680,000 contributed positively to equity growth.
- New share issuances of 12,419,000 increased equity.
- Other factors increased equity by 521,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €5.68 Million | +80.12% |
| Share Issuances | €12.42 Million | +175.19% |
| Other Changes | €521.00K | +7.35% |
| Total Change | €- | % |
Book Value vs Market Value Analysis
This analysis compares Corre Energy BV'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: 0.86x
- 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 |
|---|---|---|---|
| 2019-12-31 | €-0.06 | €0.09 | x |
| 2020-12-31 | €0.01 | €0.09 | x |
| 2021-12-31 | €0.14 | €0.09 | x |
| 2022-12-31 | €-0.17 | €0.09 | x |
| 2023-12-31 | €0.10 | €0.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Corre Energy BV 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): 80.12%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 5.46x
- Recent ROE (80.12%) is above the historical average (-73.25%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | €-3.75 Million |
| 2020 | -400.07% | 0.00% | 0.00x | 3.13x | €-3.04 Million |
| 2021 | -46.29% | -78940.00% | 0.00x | 3.00x | €-4.80 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | €-29.06 Million |
| 2023 | 80.12% | 0.00% | 0.00x | 5.46x | €4.97 Million |
Industry Comparison
This section compares Corre Energy BV's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $650,000,000
- Average return on equity (ROE) among peers: 2.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Corre Energy BV (CORRE) | €7.06 Million | 0.00% | 4.48x | $4.40 Million |
| Greencoat Renewables PLC (GRP) | $650.00 Million | 2.63% | 0.32x | $799.97 Million |