Harmony Energy Income Trust PLC
Harmony Energy Income Trust Plc, an investment company, focuses on investing in commercial scale battery energy storage and renewable energy generation projects located across Great Britain. The company was incorporated in 2021 and is based in London, the United Kingdom.
Harmony Energy Income Trust PLC (HEIT) - Net Assets
Latest net assets as of October 2024: GBX201.05 Million GBX
Based on the latest financial reports, Harmony Energy Income Trust PLC (HEIT) has net assets worth GBX201.05 Million GBX as of October 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX201.42 Million) and total liabilities (GBX373.69K). 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 | GBX201.05 Million |
| % of Total Assets | 99.81% |
| Annual Growth Rate | -10.88% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 13.42 |
Harmony Energy Income Trust PLC - Net Assets Trend (2022–2024)
This chart illustrates how Harmony Energy Income Trust 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 Harmony Energy Income Trust PLC (2022–2024)
The table below shows the annual net assets of Harmony Energy Income Trust PLC from 2022 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-10-31 | GBX201.05 Million | -23.30% |
| 2023-10-31 | GBX262.11 Million | +3.54% |
| 2022-10-31 | GBX253.16 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Harmony Energy Income Trust 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 6300300.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (October 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX2.27 Million | 1.13% |
| Other Components | GBX198.78 Million | 98.87% |
| Total Equity | GBX201.05 Million | 100.00% |
Harmony Energy Income Trust PLC Competitors by Market Cap
The table below lists competitors of Harmony Energy Income Trust PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sandoll Inc.
KO:419120
|
$25.39K |
|
MORGAN ADV
BE:MGJ
|
$25.39K |
|
Health Advance Inc
PINK:HADV
|
$25.40K |
|
Nala Digital Commerce Ltd
TA:NALA
|
$25.41K |
|
IREN (TZ8.SG)
STU:TZ8
|
$25.35K |
|
SAMARKAND GROUP PLC LS-01
F:7FX
|
$25.32K |
|
CAM Group Inc
PINK:CAMG
|
$25.30K |
|
Ezz Steel
EGX:ESRS
|
$25.28K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Harmony Energy Income Trust PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 262,108,092 to 201,047,350, a change of -61,060,742 (-23.3%).
- Net loss of 56,518,176 reduced equity.
- Dividend payments of 4,542,566 reduced retained earnings.
- Other comprehensive income decreased equity by 235,359,524.
- Other factors increased equity by 235,359,524.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-56.52 Million | -28.11% |
| Dividends Paid | GBX4.54 Million | -2.26% |
| Other Comprehensive Income | GBX-235.36 Million | -117.07% |
| Other Changes | GBX235.36 Million | +117.07% |
| Total Change | GBX- | -23.30% |
Book Value vs Market Value Analysis
This analysis compares Harmony Energy Income Trust 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: 2.34x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.72x to 2.34x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-10-31 | GBX1.21 | GBX2.07 | x |
| 2023-10-31 | GBX1.18 | GBX2.07 | x |
| 2024-10-31 | GBX0.89 | GBX2.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Harmony Energy Income Trust 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): -28.11%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: -0.27x
- • Equity Multiplier: 1.00x
- Recent ROE (-28.11%) is below the historical average (-3.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 17.63% | 92.36% | 0.18x | 1.06x | GBX19.33 Million |
| 2023 | 1.20% | 47.43% | 0.03x | 1.00x | GBX-23.07 Million |
| 2024 | -28.11% | 0.00% | -0.27x | 1.00x | GBX-76.62 Million |
Industry Comparison
This section compares Harmony Energy Income Trust PLC'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 |
|---|---|---|---|---|
| Harmony Energy Income Trust PLC (HEIT) | GBX201.05 Million | 17.63% | 0.00x | $25.37K |
| Nyfosa AB (0A0K) | $2.92 Billion | 39.50% | 2.88x | $973.31 Million |
| High Templar Tech Limited (0A2T) | $12.52 Billion | 4.70% | 0.13x | $255.82 Million |
| Strategy Inc (0A7O) | $51.04 Billion | -7.54% | 0.21x | $40.17 Billion |
| NACON SASU (0A9N) | $67.54 Million | 15.85% | 1.20x | $7.64 Million |
| Antin Infrastructure Partners (0AA5) | $23.79 Million | 108.98% | 1.09x | $573.10 Million |
| Truecaller AB Series B (0AA7) | $1.41 Billion | 18.30% | 0.20x | $281.60 Million |
| Brockhaus Technologies AG (0AAW) | $254.92 Million | -6.23% | 1.68x | $74.40 Million |
| Hyloris Pharmaceuticals S.A. (0AB6) | $48.06 Million | -24.09% | 0.32x | $71.96 Million |
| Kalray S.A. (0ABT) | $28.43 Million | -41.56% | 0.67x | $33.84 Million |
| Webuild S.p.A. (0BJP) | $1.43 Billion | 10.29% | 7.14x | $1.13 Billion |