SPI Energy Co Ltd
SPI Energy Co., Ltd. provides photovoltaic and electric vehicle (EV) solutions for business, residential, government, and utility customers and investors in Australia, Japan, Italy, the United States, the United Kingdom, and Greece. The company offers engineering, procurement, and construction services to independent power developers and producers, and commercial and industrial companies. It also… Read more
SPI Energy Co Ltd (SPI) - Net Assets
Latest net assets as of September 2023: $16.00 Million USD
Based on the latest financial reports, SPI Energy Co Ltd (SPI) has net assets worth $16.00 Million USD as of September 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($230.19 Million) and total liabilities ($214.19 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 | $16.00 Million |
| % of Total Assets | 6.95% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 138.01 |
SPI Energy Co Ltd - Net Assets Trend (2005–2022)
This chart illustrates how SPI Energy Co 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 SPI Energy Co Ltd (2005–2022)
The table below shows the annual net assets of SPI Energy Co Ltd from 2005 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $17.87 Million | -31.13% |
| 2021-12-31 | $25.95 Million | -46.37% |
| 2020-12-31 | $48.39 Million | +983.76% |
| 2019-12-31 | $-5.47 Million | +94.39% |
| 2018-12-31 | $-97.64 Million | -655.29% |
| 2017-12-31 | $-12.93 Million | 0.00% |
| 2016-12-31 | $-12.93 Million | -105.97% |
| 2015-12-31 | $216.56 Million | -17.38% |
| 2014-12-31 | $262.11 Million | +9242.24% |
| 2013-12-31 | $-2.87 Million | -112.27% |
| 2012-12-31 | $23.37 Million | -41.97% |
| 2011-12-31 | $40.28 Million | +412.25% |
| 2010-12-31 | $7.86 Million | -52.19% |
| 2009-12-31 | $16.45 Million | +70.68% |
| 2008-12-31 | $9.63 Million | -46.38% |
| 2007-12-31 | $17.97 Million | +32.21% |
| 2006-12-31 | $13.59 Million | +37139.42% |
| 2005-12-31 | $-36.70K | -- |
Equity Component Analysis
This analysis shows how different components contribute to SPI Energy Co 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 67081100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $3.00K | 0.02% |
| Other Comprehensive Income | $-36.70 Million | -300.99% |
| Other Components | $719.70 Million | 5903.03% |
| Total Equity | $12.19 Million | 100.00% |
SPI Energy Co Ltd Competitors by Market Cap
The table below lists competitors of SPI Energy Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mofast AB
ST:MOFAST
|
$18.60 Million |
|
Marker Therapeutics Inc
NASDAQ:MRKR
|
$18.60 Million |
|
Playgram Co. Ltd
KO:009810
|
$18.62 Million |
|
Podium Minerals Ltd
AU:POD
|
$18.63 Million |
|
IRIS Corporation Bhd
KLSE:0010
|
$18.60 Million |
|
Ryde Group Ltd.
NYSE MKT:RYDE
|
$18.57 Million |
|
Touchmark Bancshares Inc
PINK:TMAK
|
$18.57 Million |
|
Israel Acquisitions Corp Class A
NASDAQ:ISRL
|
$18.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SPI Energy Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 22,429,000 to 12,192,000, a change of -10,237,000 (-45.6%).
- Net loss of 33,421,000 reduced equity.
- New share issuances of 14,599,000 increased equity.
- Other comprehensive income decreased equity by 1,440,000.
- Other factors increased equity by 10,025,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-33.42 Million | -274.12% |
| Share Issuances | $14.60 Million | +119.74% |
| Other Comprehensive Income | $-1.44 Million | -11.81% |
| Other Changes | $10.03 Million | +82.23% |
| Total Change | $- | -45.64% |
Book Value vs Market Value Analysis
This analysis compares SPI Energy Co 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: 1.67x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 8.32x to 1.67x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | $0.09 | $0.77 | x |
| 2006-12-31 | $70.74 | $0.77 | x |
| 2007-12-31 | $54.57 | $0.77 | x |
| 2008-12-31 | $25.56 | $0.77 | x |
| 2009-12-31 | $39.35 | $0.77 | x |
| 2010-12-31 | $15.04 | $0.77 | x |
| 2011-12-31 | $21.84 | $0.77 | x |
| 2012-12-31 | $12.27 | $0.77 | x |
| 2013-12-31 | $-1.45 | $0.77 | x |
| 2014-12-31 | $85.38 | $0.77 | x |
| 2015-12-31 | $34.80 | $0.77 | x |
| 2016-12-31 | $-2.65 | $0.77 | x |
| 2017-12-31 | $-2.65 | $0.77 | x |
| 2018-12-31 | $-14.90 | $0.77 | x |
| 2019-12-31 | $-0.64 | $0.77 | x |
| 2020-12-31 | $2.85 | $0.77 | x |
| 2021-12-31 | $0.93 | $0.77 | x |
| 2022-12-31 | $0.46 | $0.77 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SPI Energy Co 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): -274.12%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -18.83%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 18.95x
- Recent ROE (-274.12%) is below the historical average (-56.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | -26.93% | -321.53% | 0.00x | -0.10x | $-106.18K |
| 2006 | -15.67% | -48.60% | 0.26x | 1.24x | $-3.49 Million |
| 2007 | -40.03% | -39.65% | 0.67x | 1.50x | $-8.99 Million |
| 2008 | -90.69% | -18.43% | 2.66x | 1.85x | $-9.70 Million |
| 2009 | -42.38% | -13.26% | 1.40x | 2.28x | $-8.61 Million |
| 2010 | -112.81% | -26.06% | 1.43x | 3.03x | $-9.66 Million |
| 2011 | -1.14% | -0.45% | 0.71x | 3.62x | $-4.49 Million |
| 2012 | -109.64% | -25.64% | 0.57x | 7.50x | $-27.96 Million |
| 2013 | 0.00% | -75.64% | 0.60x | 0.00x | $-31.96 Million |
| 2014 | -1.98% | -5.67% | 0.16x | 2.24x | $-31.41 Million |
| 2015 | -86.77% | -97.00% | 0.27x | 3.33x | $-206.10 Million |
| 2016 | 0.00% | -157.42% | 0.39x | 0.00x | $-219.00 Million |
| 2017 | 0.00% | -157.42% | 0.39x | 0.00x | $-219.00 Million |
| 2018 | 0.00% | -71.45% | 0.40x | 0.00x | $-80.91 Million |
| 2019 | 0.00% | -15.48% | 0.55x | 0.00x | $-14.33 Million |
| 2020 | -13.84% | -4.52% | 0.64x | 4.80x | $-10.79 Million |
| 2021 | -199.89% | -27.68% | 0.71x | 10.17x | $-47.08 Million |
| 2022 | -274.12% | -18.83% | 0.77x | 18.95x | $-34.64 Million |
Industry Comparison
This section compares SPI Energy Co Ltd's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $424,642,617
- Average return on equity (ROE) among peers: 1.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SPI Energy Co Ltd (SPI) | $16.00 Million | -26.93% | 13.38x | $18.60 Million |
| ABCO Energy Inc (ABCE) | $-190.65K | 0.00% | 0.00x | $11.90K |
| Advantagewon Oil Corporation (ANTGF) | $-1.30 Million | 0.00% | 0.00x | $547.13K |
| Advanced Powerline Technologies Inc (APWL) | $6.31 Million | -45.47% | 0.40x | $1.82 |
| Array Technologies Inc (ARRY) | $-25.72 Million | 0.00% | 0.00x | $972.65 Million |
| Ascent Solar Technologies, Inc. Common Stock (ASTI) | $139.62 Million | -9.47% | 0.10x | $18.06 Million |
| Beam Global (BEEM) | $-1.41 Million | 0.00% | 0.00x | $26.89 Million |
| Clear Blue Technologies International Inc (CBUTF) | $-215.24K | 0.00% | 0.00x | $834.08K |
| China Changjiang Mining & New Energy Co Ltd (CHJI) | $924.23K | 64.84% | 0.83x | $2.91K |
| Canadian Solar Inc (CSIQ) | $4.15 Billion | 0.87% | 2.26x | $868.69 Million |
| Complete Solaria, Inc. Common Stock (CSLR) | $-21.39 Million | 0.00% | 0.00x | $89.72 Million |