SunPower Corporation
SunPower Corporation, a solar technology and energy services provider, offers solar, storage, and home energy solutions primarily in the United States and Canada. Its solutions include the Equinox and SunVault systems which are pre-engineered modular solutions for residential applications that combine solar module technology with integrated plug-and-play power stations, cable management systems, … Read more
SunPower Corporation (SPWRQ) - Net Assets
Latest net assets as of September 2023: $423.54 Million USD
Based on the latest financial reports, SunPower Corporation (SPWRQ) has net assets worth $423.54 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 ($1.45 Billion) and total liabilities ($1.02 Billion). 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 | $423.54 Million |
| % of Total Assets | 29.26% |
| Annual Growth Rate | 195.66% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 835.14 |
SunPower Corporation - Net Assets Trend (2019–2022)
This chart illustrates how SunPower Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SunPower Corporation (2019–2022)
The table below shows the annual net assets of SunPower Corporation from 2019 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $556.04 Million | +44.95% |
| 2021-12-31 | $383.60 Million | -5.63% |
| 2020-12-31 | $406.49 Million | +1790.72% |
| 2019-12-31 | $21.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SunPower Corporation'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 36389500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $2.64 Billion | 475.65% |
| Total Equity | $555.24 Million | 100.00% |
SunPower Corporation Competitors by Market Cap
The table below lists competitors of SunPower Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
National Citizen Commercial Joint Stock Bank
VN:NVB
|
$4.32K |
|
finnCap Group PLC
LSE:CAV
|
$4.33K |
|
PROMOTION AND DEVELOPMENT LTD
SEM:PAD
|
$4.34K |
|
INCITY IMMOB
BE:IC8
|
$4.34K |
|
Binh Duong Construction & Civil Engineering JSC
VN:BCE
|
$4.30K |
|
Mohandes Insurance
EGX:MOIN
|
$4.30K |
|
NewSoft Technology Corporation
TWO:5202
|
$4.30K |
|
Khairpur Sugar Mills Ltd
KAR:KPUS
|
$4.29K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SunPower Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 381,968,000 to 555,242,000, a change of 173,274,000 (45.4%).
- Net income of 42,849,000 contributed positively to equity growth.
- Share repurchases of 11,405,000 reduced equity.
- Other factors increased equity by 141,830,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $42.85 Million | +7.72% |
| Share Repurchases | $11.40 Million | -2.05% |
| Other Changes | $141.83 Million | +25.54% |
| Total Change | $- | 45.36% |
Book Value vs Market Value Analysis
This analysis compares SunPower Corporation'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 |
|---|---|---|---|
| 2019-12-31 | $0.06 | $0.00 | x |
| 2020-12-31 | $2.37 | $0.00 | x |
| 2021-12-31 | $2.21 | $0.00 | x |
| 2022-12-31 | $3.19 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SunPower Corporation 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): 7.72%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.46%
- • Asset Turnover: 0.99x
- • Equity Multiplier: 3.18x
- Recent ROE (7.72%) is below the historical average (82.63%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 218.04% | 2.03% | 0.50x | 213.71x | $21.14 Million |
| 2020 | 116.99% | 54.76% | 0.52x | 4.07x | $432.43 Million |
| 2021 | -12.23% | -4.14% | 0.72x | 4.08x | $-84.90 Million |
| 2022 | 7.72% | 2.46% | 0.99x | 3.18x | $-12.68 Million |
Industry Comparison
This section compares SunPower Corporation'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 |
|---|---|---|---|---|
| SunPower Corporation (SPWRQ) | $423.54 Million | 218.04% | 2.42x | $4.31K |
| 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 |