iSun, Inc. (ISUNQ) - Net Assets
Based on the latest financial reports, iSun, Inc. (ISUNQ) has net assets worth $13.12 Million USD as of March 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($66.70 Million) and total liabilities ($53.58 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. Explore cash flow conversion of iSun, Inc. to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $13.12 Million |
| % of Total Assets | 19.67% |
| Annual Growth Rate | N/A |
| 5-Year Change | 239.19% |
| 10-Year Change | N/A |
| Growth Volatility | 243.42 |
iSun, Inc. - Net Assets Trend (2014–2023)
This chart illustrates how iSun, Inc.'s net assets have evolved over time, based on quarterly financial data. Explore long-term investment intensity of iSun, Inc. to see how much of total assets are deployed in long-term investments.
Annual Net Assets for iSun, Inc. (2014–2023)
The table below shows the annual net assets of iSun, Inc. from 2014 to 2023. For live valuation and market cap data, see market cap of iSun, Inc..
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $13.12 Million | -31.97% |
| 2022-12-31 | $19.29 Million | -67.78% |
| 2021-12-31 | $59.86 Million | +659.40% |
| 2020-12-31 | $7.88 Million | +103.78% |
| 2019-12-31 | $3.87 Million | -16.56% |
| 2018-12-31 | $4.64 Million | -87.84% |
| 2017-12-31 | $38.13 Million | -1.38% |
| 2016-12-31 | $38.67 Million | +21102.73% |
| 2015-12-31 | $-184.10K | -242.16% |
| 2014-12-31 | $-53.81K | -- |
Equity Component Analysis
This analysis shows how different components contribute to iSun, Inc.'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 7412319300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $5.00K | 0.04% |
| Other Components | $87.32 Million | 665.53% |
| Total Equity | $13.12 Million | 100.00% |
iSun, Inc. Competitors by Market Cap
The table below lists competitors of iSun, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Prairie Lithium Limited
AU:PL9
|
$48.55 |
|
Godha Cabcon & Insulation Limited
NSE:GODHA
|
$55.13 |
|
Seelos Therapeutics, Inc.
NASDAQ:SEELQ
|
$58.00 |
|
Kardan NV
TA:KRNV
|
$63.12 |
|
Advantage Solutions Inc
NASDAQ:ADVWW
|
$44.15 |
|
Future Enterprises Limited
NSE:FEL
|
$42.62 |
|
Reliance Global Group Inc
NASDAQ:RELIW
|
$33.52 |
|
US Solar Fund PLC
LSE:USFP
|
$30.72 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in iSun, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 19,287,000 to 13,120,000, a change of -6,167,000 (-32.0%).
- Net loss of 19,417,000 reduced equity.
- New share issuances of 7,714,000 increased equity.
- Other factors increased equity by 5,536,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-19.42 Million | -148.0% |
| Share Issuances | $7.71 Million | +58.8% |
| Other Changes | $5.54 Million | +42.2% |
| Total Change | $- | -31.97% |
Book Value vs Market Value Analysis
This analysis compares iSun, Inc.'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: 0.00x
- 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 |
|---|---|---|---|
| 2014-12-31 | $-0.01 | $0.00 | x |
| 2015-12-31 | $-0.03 | $0.00 | x |
| 2016-12-31 | $20.48 | $0.00 | x |
| 2017-12-31 | $19.67 | $0.00 | x |
| 2018-12-31 | $1.43 | $0.00 | x |
| 2019-12-31 | $0.87 | $0.00 | x |
| 2020-12-31 | $1.48 | $0.00 | x |
| 2021-12-31 | $6.46 | $0.00 | x |
| 2022-12-31 | $1.37 | $0.00 | x |
| 2023-12-31 | $0.49 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently iSun, Inc. 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): -148.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -20.29%
- • Asset Turnover: 1.43x
- • Equity Multiplier: 5.08x
- Recent ROE (-148.00%) is below the historical average (-38.77%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $-73.43K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-111.59K |
| 2016 | -1.12% | 0.00% | 0.00x | 1.05x | $-4.30 Million |
| 2017 | -1.53% | 0.00% | 0.00x | 1.08x | $-4.40 Million |
| 2018 | -0.68% | 0.00% | 0.00x | 1.76x | $-494.97K |
| 2019 | 65.36% | 8.96% | 1.80x | 4.05x | $2.14 Million |
| 2020 | -12.43% | -4.66% | 1.07x | 2.49x | $-1.77 Million |
| 2021 | -10.43% | -13.77% | 0.44x | 1.73x | $-12.23 Million |
| 2022 | -278.84% | -70.34% | 1.13x | 3.50x | $-55.71 Million |
| 2023 | -148.00% | -20.29% | 1.43x | 5.08x | $-20.73 Million |
Industry Comparison
This section compares iSun, Inc.'s net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $1,494,466,321
- Average return on equity (ROE) among peers: -30.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| iSun, Inc. (ISUNQ) | $13.12 Million | 0.00% | 4.08x | $47.00 |
| Array Technologies Inc (ARRY) | $-68.32 Million | 0.00% | 0.00x | $1.38 Billion |
| Ascent Solar Technologies, Inc. Common Stock (ASTI) | $16.66 Million | -173.56% | 0.71x | $36.71 Million |
| Beam Global (BEEM) | $-2.48 Million | 0.00% | 0.00x | $27.40 Million |
| Canadian Solar Inc (CSIQ) | $466.00 Million | 4.86% | 1.23x | $1.28 Billion |
| Complete Solaria, Inc. Common Stock (CSLR) | $-76.81 Million | 0.00% | 0.00x | $114.71 Million |
| Enphase Energy Inc (ENPH) | $7.78 Million | -149.52% | 42.72x | $4.80 Billion |
| First Solar Inc (FSLR) | $6.69 Billion | 12.42% | 0.55x | $23.63 Billion |
| FTC Solar Inc (FTCI) | $-40.30 Million | 0.00% | 0.00x | $70.26 Million |
| JinkoSolar Holding Company Limited (JKS) | $6.46 Billion | 28.28% | 3.04x | $1.17 Billion |
About iSun, Inc.
iSun, Inc., a solar energy services and infrastructure deployment company, provides design, development, engineering, procurement, installation, storage, and electric vehicle infrastructure services for residential, commercial, industrial, and utility customers in the United States. It provides operation, maintenance, and solar; electrical contracting; and data and communication services. The com… Read more