Greencoat Renewables PLC
Greencoat Renewables PLC owns and operates renewable energy infrastructure assets in the Republic of Ireland, Germany, France, Sweden, and Spain. As of December 31, 2024, its portfolio consisted of interests in 39 operating assets, such as wind, solar, and battery storage with an aggregate net installed capacity of 1.5 gigawatts. The company was incorporated in 2017 and is based in Dublin, the Re… Read more
Greencoat Renewables PLC (GRP) - Net Assets
Latest net assets as of June 2025: €1.12 Billion EUR
Based on the latest financial reports, Greencoat Renewables PLC (GRP) has net assets worth €1.12 Billion EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€2.40 Billion) and total liabilities (€1.28 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 | €1.12 Billion |
| % of Total Assets | 46.8% |
| Annual Growth Rate | 24.71% |
| 5-Year Change | 64.26% |
| 10-Year Change | N/A |
| Growth Volatility | 23.69 |
Greencoat Renewables PLC - Net Assets Trend (2017–2024)
This chart illustrates how Greencoat Renewables PLC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Greencoat Renewables PLC (2017–2024)
The table below shows the annual net assets of Greencoat Renewables PLC from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €1.23 Billion | -3.86% |
| 2023-12-31 | €1.28 Billion | -0.24% |
| 2022-12-31 | €1.28 Billion | +37.13% |
| 2021-12-31 | €935.20 Million | +24.89% |
| 2020-12-31 | €748.81 Million | +15.20% |
| 2019-12-31 | €650.00 Million | +64.99% |
| 2018-12-31 | €393.95 Million | +50.31% |
| 2017-12-31 | €262.09 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Greencoat Renewables PLC'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 37782500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €375.25 Million | 30.51% |
| Other Components | €854.75 Million | 69.49% |
| Total Equity | €1.23 Billion | 100.00% |
Greencoat Renewables PLC Competitors by Market Cap
The table below lists competitors of Greencoat Renewables PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Datang Telecom Technology Co Ltd
SHG:600198
|
$800.33 Million |
|
Weichai Heavy Machinery Co Ltd
SHE:000880
|
$800.56 Million |
|
Zhuhai Bojay Electronics Co Ltd
SHE:002975
|
$800.72 Million |
|
OAKLEY CAPITAL INV.LS-01
F:34O
|
$801.08 Million |
|
Xinjiang Tianshan Cement Co Ltd
SHE:000877
|
$799.89 Million |
|
Shandong Jinjing Science and Technology Stock Co Ltd
SHG:600586
|
$799.78 Million |
|
CMST Development Co Ltd
SHG:600787
|
$799.78 Million |
|
Acom Co. Ltd
PINK:ACJJF
|
$799.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Greencoat Renewables PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,279,361,000 to 1,230,005,000, a change of -49,356,000 (-3.9%).
- Net income of 50,972,000 contributed positively to equity growth.
- Dividend payments of 75,250,000 reduced retained earnings.
- Share repurchases of 25,000,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €50.97 Million | +4.14% |
| Dividends Paid | €75.25 Million | -6.12% |
| Share Repurchases | €25.00 Million | -2.03% |
| Other Changes | €-78.00K | -0.01% |
| Total Change | €- | -3.86% |
Book Value vs Market Value Analysis
This analysis compares Greencoat Renewables PLC'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: 0.69x
- 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 increased from 0.39x to 0.69x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €1.95 | €0.76 | x |
| 2018-12-31 | €1.25 | €0.76 | x |
| 2019-12-31 | €1.32 | €0.76 | x |
| 2020-12-31 | €1.18 | €0.76 | x |
| 2021-12-31 | €1.22 | €0.76 | x |
| 2022-12-31 | €1.12 | €0.76 | x |
| 2023-12-31 | €1.12 | €0.76 | x |
| 2024-12-31 | €1.10 | €0.76 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Greencoat Renewables PLC 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): 4.14%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 82.15%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.97x
- Recent ROE (4.14%) is below the historical average (5.30%), 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 | -0.98% | -268.20% | 0.00x | 1.28x | €-28.78 Million |
| 2018 | 11.06% | 82.43% | 0.07x | 1.94x | €4.17 Million |
| 2019 | 2.63% | 77.70% | 0.03x | 1.32x | €-47.90 Million |
| 2020 | 1.88% | 67.56% | 0.02x | 1.29x | €-60.81 Million |
| 2021 | 7.61% | 88.27% | 0.06x | 1.51x | €-22.38 Million |
| 2022 | 10.65% | 92.21% | 0.07x | 1.67x | €8.33 Million |
| 2023 | 5.43% | 85.22% | 0.03x | 1.98x | €-58.45 Million |
| 2024 | 4.14% | 82.15% | 0.03x | 1.97x | €-72.03 Million |
Industry Comparison
This section compares Greencoat Renewables PLC's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $-11,531,000
- Average return on equity (ROE) among peers: 0.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Greencoat Renewables PLC (GRP) | €1.12 Billion | -0.98% | 1.14x | $799.97 Million |
| Corre Energy BV (CORRE) | $-11.53 Million | 0.00% | 0.00x | $4.40 Million |