Alternus Energy Group Plc
Alternus Energy Group Plc operates as an international vertically integrated independent power producer. It owns, develops, installs, and operates midsized utility scale solar parks. The company was incorporated in 2019 and is headquartered in Dublin, Ireland.
Alternus Energy Group Plc (ALCE) - Net Assets
Latest net assets as of September 2024: $-82.69 Million USD
Based on the latest financial reports, Alternus Energy Group Plc (ALCE) has net assets worth $-82.69 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($92.28 Million) and total liabilities ($174.96 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 | $-82.69 Million |
| % of Total Assets | -89.61% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Alternus Energy Group Plc - Net Assets Trend (2021–2023)
This chart illustrates how Alternus Energy Group 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 Alternus Energy Group Plc (2021–2023)
The table below shows the annual net assets of Alternus Energy Group Plc from 2021 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $-63.25 Million | -203.68% |
| 2022-12-31 | $-20.83 Million | -225.54% |
| 2021-12-31 | $16.59 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Alternus Energy Group 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 decreased by 5198300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $7.00K | % |
| Other Comprehensive Income | $-2.92 Million | % |
| Other Components | $27.87 Million | % |
| Total Equity | $-63.25 Million | 100.00% |
Alternus Energy Group Plc Competitors by Market Cap
The table below lists competitors of Alternus Energy Group Plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Full Metal Minerals Ltd
PINK:FLMTF
|
$699.28K |
|
The GNS Group Inc
PINK:NASO
|
$699.94K |
|
TTL Beteiligungs- und Grundbesitz-AG
F:TTO
|
$700.37K |
|
aVINCI MEDIA CORP
NASDAQ:AVMC
|
$700.85K |
|
Goto Ltd
TA:GOTO
|
$697.89K |
|
Lipella Pharmaceuticals Inc. Common Stock
NASDAQ:LIPO
|
$697.03K |
|
UNITED CONTL (UAL1.SG)
STU:UAL1
|
$696.76K |
|
MERCURY SYSTEM
MU:MCY
|
$696.61K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Alternus Energy Group Plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -20,329,000 to -63,254,000, a change of -42,925,000.
- Net loss of 69,464,000 reduced equity.
- Dividend payments of 21,908,000 reduced retained earnings.
- Other comprehensive income decreased equity by 2,312,000.
- Other factors increased equity by 50,759,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-69.46 Million | -109.82% |
| Dividends Paid | $21.91 Million | -34.63% |
| Other Comprehensive Income | $-2.31 Million | -3.66% |
| Other Changes | $50.76 Million | +80.25% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Alternus Energy Group 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $0.29 | $0.03 | x |
| 2022-12-31 | $-0.35 | $0.03 | x |
| 2023-12-31 | $-27.33 | $0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Alternus Energy Group 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -345.87%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-37.64%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -112.93% | -87.67% | 0.10x | 12.61x | $-20.42 Million |
| 2022 | 0.00% | -110.07% | 0.16x | 0.00x | $-33.77 Million |
| 2023 | 0.00% | -345.87% | 0.11x | 0.00x | $-63.14 Million |
Industry Comparison
This section compares Alternus Energy Group Plc's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $1,174,824,068
- Average return on equity (ROE) among peers: -65.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Alternus Energy Group Plc (ALCE) | $-82.69 Million | -112.93% | N/A | $698.55K |
| ACLEW (ACLEW) | $-33.88 Million | 0.00% | 0.00x | $11.36 |
| Arsenal Digital Holdings Inc. (ADHI) | $1.69 Million | 12.00% | 0.10x | $458.16 |
| AGIG (AGIG) | $-1.03 Million | 0.00% | 0.00x | $16.94K |
| Aker Horizons ASA (AKHOF) | $9.99 Billion | -19.54% | 2.26x | $39.77 Million |
| Alaska Hydro Corporation (ALKHF) | $-562.11K | 0.00% | 0.00x | $3.01K |
| Altus Power Inc (AMPS) | $463.06 Million | 11.97% | 1.97x | $266.49 Million |
| Astra Energy Inc (ASRE) | $1.75 Million | -596.04% | 3.32x | $683.50K |
| Altius Renewable Royalties Corp (ATRWF) | $159.06 Million | -2.15% | 0.04x | $105.47 Million |
| Atlantic Wind & Solar Inc (AWSL) | $-2.66 Million | 0.00% | 0.00x | $322.80 |