NextEnergy Solar Fund Ltd
NextEnergy Solar Fund Limited specializes in investments in operational solar photovoltaic (PV) assets. The fund intends primarily to acquire operating assets, but may invest in assets that are under development, that is, at the stage of origination, project planning or construction. Within this sector it intends to acquire assets that are primarily ground-based and utility-scale and which are on… Read more
NextEnergy Solar Fund Ltd (NESF) - Net Assets
Latest net assets as of September 2025: GBX510.95 Million GBX
Based on the latest financial reports, NextEnergy Solar Fund Ltd (NESF) has net assets worth GBX510.95 Million GBX as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX712.40 Million) and total liabilities (GBX201.45 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 | GBX510.95 Million |
| % of Total Assets | 71.72% |
| Annual Growth Rate | 8.22% |
| 5-Year Change | -29.71% |
| 10-Year Change | 99.91% |
| Growth Volatility | 28.35 |
NextEnergy Solar Fund Ltd - Net Assets Trend (2015–2025)
This chart illustrates how NextEnergy Solar Fund Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for NextEnergy Solar Fund Ltd (2015–2025)
The table below shows the annual net assets of NextEnergy Solar Fund Ltd from 2015 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | GBX547.37 Million | -11.52% |
| 2024-03-31 | GBX618.62 Million | -29.13% |
| 2023-03-31 | GBX872.89 Million | +30.57% |
| 2022-03-31 | GBX668.50 Million | -14.15% |
| 2021-03-31 | GBX778.71 Million | -2.70% |
| 2020-03-31 | GBX800.31 Million | +2.30% |
| 2019-03-31 | GBX782.29 Million | +29.31% |
| 2018-03-31 | GBX604.99 Million | +26.41% |
| 2017-03-31 | GBX478.58 Million | +74.79% |
| 2016-03-31 | GBX273.81 Million | +10.25% |
| 2015-03-31 | GBX248.36 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to NextEnergy Solar Fund Ltd'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 1421.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX610.08 Million | 111.46% |
| Total Equity | GBX547.37 Million | 100.00% |
NextEnergy Solar Fund Ltd Competitors by Market Cap
The table below lists competitors of NextEnergy Solar Fund Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Trafalgar New Homes Plc
LSE:TRAF
|
$53.11 |
|
ITN NANOVATION
MU:I7N
|
$53.27 |
|
Software Effective Solutions Corp
PINK:SFWJ
|
$53.38 |
|
Balai Ni Fruitas Inc.
PSE:BALAI
|
$53.76 |
|
Sdcl Energy Efficiency Income Trust PLC
LSE:SEIT
|
$52.43 |
|
ACADEMY PRESS PLC
XNSA:ACADEMY
|
$52.38 |
|
NAIK
JK:NAIK
|
$52.38 |
|
Green Hygienics Inc
PINK:GRHY
|
$52.37 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NextEnergy Solar Fund Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 618,619,000 to 547,373,000, a change of -71,246,000 (-11.5%).
- Net loss of 10,855,000 reduced equity.
- Dividend payments of 58,711,000 reduced retained earnings.
- Share repurchases of 11,180,000 reduced equity.
- Other factors increased equity by 9,500,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-10.86 Million | -1.98% |
| Dividends Paid | GBX58.71 Million | -10.73% |
| Share Repurchases | GBX11.18 Million | -2.04% |
| Other Changes | GBX9.50 Million | +1.74% |
| Total Change | GBX- | -11.52% |
Book Value vs Market Value Analysis
This analysis compares NextEnergy Solar Fund Ltd'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: 62.45x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 16.59x to 62.45x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-03-31 | GBX2.66 | GBX44.05 | x |
| 2016-03-31 | GBX1.06 | GBX44.05 | x |
| 2017-03-31 | GBX1.33 | GBX44.05 | x |
| 2018-03-31 | GBX1.11 | GBX44.05 | x |
| 2019-03-31 | GBX1.05 | GBX44.05 | x |
| 2020-03-31 | GBX0.99 | GBX44.05 | x |
| 2021-03-31 | GBX0.74 | GBX44.05 | x |
| 2022-03-31 | GBX0.85 | GBX44.05 | x |
| 2023-03-31 | GBX0.88 | GBX44.05 | x |
| 2024-03-31 | GBX1.05 | GBX44.05 | x |
| 2025-03-31 | GBX0.71 | GBX44.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NextEnergy Solar Fund Ltd 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): -1.98%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1023.09%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.37x
- Recent ROE (-1.98%) is below the historical average (5.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 2.75% | 80.74% | 0.03x | 1.00x | GBX-18.01 Million |
| 2016 | 0.74% | 67.05% | 0.01x | 1.17x | GBX-25.35 Million |
| 2017 | 10.41% | 96.80% | 0.11x | 1.02x | GBX1.97 Million |
| 2018 | 5.32% | 78.28% | 0.07x | 1.04x | GBX-28.34 Million |
| 2019 | 11.10% | 95.68% | 0.10x | 1.21x | GBX7.07 Million |
| 2020 | -5.12% | 0.00% | -0.03x | 1.39x | GBX-87.51 Million |
| 2021 | 6.93% | 78.23% | 0.06x | 1.38x | GBX-17.86 Million |
| 2022 | 19.08% | 91.98% | 0.16x | 1.31x | GBX60.70 Million |
| 2023 | 7.16% | 80.26% | 0.07x | 1.30x | GBX-19.13 Million |
| 2024 | -1.35% | -233.37% | 0.00x | 1.32x | GBX-70.22 Million |
| 2025 | -1.98% | -1023.09% | 0.00x | 1.37x | GBX-65.59 Million |
Industry Comparison
This section compares NextEnergy Solar Fund Ltd's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $395,694,700
- Average return on equity (ROE) among peers: -81.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NextEnergy Solar Fund Ltd (NESF) | GBX510.95 Million | 2.75% | 0.39x | $52.78 |
| 3I Infrastructure PLC (3IN) | $1.09 Billion | 8.57% | 0.18x | $396.99K |
| 450 PLC (450) | $1.30 Million | -791.13% | 5.03x | $1.71K |
| abrdn Asian Income Fund Limited (AAIF) | $431.48 Million | 11.10% | 0.09x | $315.37 |
| Abrdn Asia Focus PLC (AAS) | $464.40 Million | -2.37% | 0.15x | $434.78 |
| Albion Technology & General VCT PLC (AATG) | $34.46 Million | 4.41% | 0.01x | $78.71 |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $492.42 Million | 0.00% | 0.32x | $16.61 |
| Aquila Energy Efficiency Trust PLC (AEET) | $97.38 Million | -0.64% | 0.00x | $2.38K |
| Aquila European Renewables Income PLC (AERI) | $320.23 Million | -9.29% | 0.00x | $2.45K |
| Artemis UK Future Leaders plc (AFL) | $84.35 Million | -40.52% | 0.02x | $401.26 |
| AVI Global Trust PLC (AGT) | $938.94 Million | 2.59% | 0.12x | $2.83 Million |