Vast Renewables Limited Ordinary Shares (VSTE) - Net Assets
Based on the latest financial reports, Vast Renewables Limited Ordinary Shares (VSTE) has net assets worth $-8.30 Million USD as of June 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($15.77 Million) and total liabilities ($24.07 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. Check strategic asset allocation of Vast Renewables Limited Ordinary Shares to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-8.30 Million |
| % of Total Assets | -52.63% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Vast Renewables Limited Ordinary Shares - Net Assets Trend (2020–2024)
This chart illustrates how Vast Renewables Limited Ordinary Shares's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see VSTE stock market capitalisation.
Annual Net Assets for Vast Renewables Limited Ordinary Shares (2020–2024)
The table below shows the annual net assets of Vast Renewables Limited Ordinary Shares from 2020 to 2024. Also explore Vast Renewables Limited Ordinary Shares net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | $-8.30 Million | +71.79% |
| 2023-06-30 | $-29.41 Million | -110.78% |
| 2022-06-30 | $272.92 Million | +2181.63% |
| 2021-06-30 | $-13.11 Million | -10.25% |
| 2020-06-30 | $-11.89 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vast Renewables Limited Ordinary Shares'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 31690500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $297.62 Million | % |
| Other Comprehensive Income | $2.88 Million | % |
| Other Components | $24.29 Million | % |
| Total Equity | $-8.30 Million | 100.00% |
Vast Renewables Limited Ordinary Shares Competitors by Market Cap
The table below lists competitors of Vast Renewables Limited Ordinary Shares ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Thai Setakij Insurance PCL
BK:TSI
|
$2.37 Million |
|
Begbies Traynor Group PLC
LSE:BEG
|
$2.37 Million |
|
RareX Limited
F:CK1
|
$2.37 Million |
|
Infinity Lithium Corporation Ltd
AU:INF
|
$2.37 Million |
|
Global Battery Metals Ltd
V:GBML
|
$2.36 Million |
|
Photocat AS
ST:PCAT
|
$2.36 Million |
|
Asiabasemetals Inc
V:ABZ
|
$2.36 Million |
|
Kestrel Gold Inc
V:KGC
|
$2.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vast Renewables Limited Ordinary Shares's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -29,415,000 to -8,299,000, a change of 21,116,000.
- Net loss of 293,445,000 reduced equity.
- New share issuances of 9,203,000 increased equity.
- Other comprehensive income decreased equity by 4,997,000.
- Other factors increased equity by 310,355,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-293.44 Million | -3535.91% |
| Share Issuances | $9.20 Million | +110.89% |
| Other Comprehensive Income | $-5.00 Million | -60.21% |
| Other Changes | $310.36 Million | +3739.67% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Vast Renewables Limited Ordinary Shares'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 |
|---|---|---|---|
| 2020-06-30 | $-0.41 | $0.08 | x |
| 2021-06-30 | $-0.45 | $0.08 | x |
| 2022-06-30 | $7.91 | $0.08 | x |
| 2023-06-30 | $-1.07 | $0.08 | x |
| 2024-06-30 | $-0.50 | $0.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vast Renewables Limited Ordinary Shares 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: -85802.63%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-0.02%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 0.00% | -1783.48% | 0.03x | 0.00x | $-739.90K |
| 2022 | -0.09% | -152.24% | 0.00x | 1.04x | $-27.54 Million |
| 2023 | 0.00% | -5677.99% | 0.06x | 0.00x | $-12.28 Million |
| 2024 | 0.00% | -85802.63% | 0.02x | 0.00x | $-292.62 Million |
Industry Comparison
This section compares Vast Renewables Limited Ordinary Shares's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $13,086,055,993
- Average return on equity (ROE) among peers: -5.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vast Renewables Limited Ordinary Shares (VSTE) | $-8.30 Million | 0.00% | N/A | $2.37 Million |
| Array Technologies Inc (ARRY) | $115.55 Billion | -20.12% | 0.11x | $641.54 Million |
| Ascent Solar Technologies, Inc. (ASTI) | $-209.23K | 0.00% | 0.00x | $27.29 Million |
| Beam Global (BEEM) | $5.82 Million | -67.54% | 0.25x | $25.69 Million |
| Canadian Solar Inc (CSIQ) | $3.71 Billion | 7.40% | 2.21x | $759.47 Million |
| Complete Solaria, Inc. Common Stock (CSLR) | $105.28 Million | -28.00% | 1.17x | $114.71 Million |
| Enphase Energy Inc (ENPH) | $483.99 Million | 27.69% | 1.48x | $4.69 Billion |
| First Solar Inc (FSLR) | $4.50 Billion | 7.79% | 0.53x | $20.53 Billion |
| FTC Solar Inc (FTCI) | $-8.45 Million | 0.00% | 0.00x | $35.19 Million |
| iSun, Inc. (ISUNQ) | $59.86 Million | -10.43% | 0.73x | $4.74K |
| JinkoSolar Holding Company Limited (JKS) | $6.46 Billion | 28.28% | 3.04x | $530.99 Million |
About Vast Renewables Limited Ordinary Shares
Vast Renewables Limited, a renewable energy company, develops and sells concentrated solar thermal power (CSP) systems. It's CSP systems are used to generate, store, and dispatch electricity and industrial heat, as well as to enable the production of green fuels. The company was incorporated in 2009 and is based in North Sydney, Australia. Vast Renewables Limited operates as a subsidiary of Agcen… Read more