Avangrid Inc
Avangrid, Inc., an energy services holding company, engages in the regulated energy transmission and distribution, and renewable energy generation businesses in the United States. The company operates through Networks and Renewables segments. It is involved in the generation, transmission, and distribution of electricity; and distribution, transportation, and sale of natural gas. In addition, the… Read more
Avangrid Inc (AGR) - Net Assets
Latest net assets as of September 2024: $20.69 Billion USD
Based on the latest financial reports, Avangrid Inc (AGR) has net assets worth $20.69 Billion USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($46.73 Billion) and total liabilities ($26.04 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 | $20.69 Billion |
| % of Total Assets | 44.27% |
| Annual Growth Rate | 13.92% |
| 5-Year Change | 32.66% |
| 10-Year Change | 1411.05% |
| Growth Volatility | 182.36 |
Avangrid Inc - Net Assets Trend (1994–2023)
This chart illustrates how Avangrid Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Avangrid Inc (1994–2023)
The table below shows the annual net assets of Avangrid Inc from 1994 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $20.68 Billion | +1.64% |
| 2022-12-31 | $20.34 Billion | +1.91% |
| 2021-12-31 | $19.96 Billion | +26.13% |
| 2020-12-31 | $15.83 Billion | +1.54% |
| 2019-12-31 | $15.59 Billion | +1.19% |
| 2018-12-31 | $15.40 Billion | +2.03% |
| 2017-12-31 | $15.10 Billion | -0.17% |
| 2016-12-31 | $15.12 Billion | +0.37% |
| 2015-12-31 | $15.07 Billion | +1001.06% |
| 2014-12-31 | $1.37 Billion | +1.05% |
| 2013-12-31 | $1.35 Billion | +21.24% |
| 2012-12-31 | $1.12 Billion | +2.06% |
| 2011-12-31 | $1.09 Billion | +1.69% |
| 2010-12-31 | $1.08 Billion | +87.42% |
| 2009-12-31 | $574.18 Million | +20.99% |
| 2008-12-31 | $474.58 Million | +2.22% |
| 2007-12-31 | $464.29 Million | +0.81% |
| 2006-12-31 | $460.58 Million | -15.42% |
| 2005-12-31 | $544.58 Million | -0.70% |
| 2004-12-31 | $548.40 Million | +11.29% |
| 2003-12-31 | $492.77 Million | +2.16% |
| 2002-12-31 | $482.35 Million | -3.53% |
| 2001-12-31 | $500.00 Million | +4.37% |
| 2000-12-31 | $479.05 Million | -5.76% |
| 1999-12-31 | $508.30 Million | +1.70% |
| 1998-12-31 | $499.80 Million | +1.30% |
| 1997-12-31 | $493.40 Million | -0.22% |
| 1996-12-31 | $494.50 Million | -1.20% |
| 1995-12-31 | $500.50 Million | +5.88% |
| 1994-12-31 | $472.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Avangrid 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 grown by 1283.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.02 Billion | 10.26% |
| Common Stock | $4.00 Million | 0.02% |
| Other Comprehensive Income | $-25.00 Million | -0.13% |
| Other Components | $17.65 Billion | 89.85% |
| Total Equity | $19.65 Billion | 100.00% |
Avangrid Inc Competitors by Market Cap
The table below lists competitors of Avangrid Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HEXPOL AB (publ)
OTCGREY:HXXPY
|
$2.56 Billion |
|
Zydus Lifesciences Limited
NSE:ZYDUSLIFE
|
$2.56 Billion |
|
Drax Group plc
PINK:DRXGF
|
$2.56 Billion |
|
Kangmei Pharmaceutical Co Ltd
SHG:600518
|
$2.56 Billion |
|
Man Group plc
PINK:MNGPF
|
$2.56 Billion |
|
Merdeka Copper Gold PT
JK:MDKA
|
$2.56 Billion |
|
P8S0
F:P8S0
|
$2.56 Billion |
|
Shanghai Electric Group Company Limited
PINK:SIELF
|
$2.56 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Avangrid Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 19,380,000,000 to 19,648,000,000, a change of 268,000,000 (1.4%).
- Net income of 786,000,000 contributed positively to equity growth.
- Dividend payments of 681,000,000 reduced retained earnings.
- Share repurchases of 3,000,000 reduced equity.
- Other comprehensive income increased equity by 155,000,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $786.00 Million | +4.0% |
| Dividends Paid | $681.00 Million | -3.47% |
| Share Repurchases | $3.00 Million | -0.02% |
| Other Comprehensive Income | $155.00 Million | +0.79% |
| Other Changes | $11.00 Million | +0.06% |
| Total Change | $- | 1.38% |
Book Value vs Market Value Analysis
This analysis compares Avangrid 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: 0.71x
- 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.
- The price-to-book ratio has decreased from 1.79x to 0.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $20.15 | $36.02 | x |
| 1995-12-31 | $19.98 | $36.02 | x |
| 1996-12-31 | $19.73 | $36.02 | x |
| 1997-12-31 | $19.02 | $36.02 | x |
| 1998-12-31 | $19.28 | $36.02 | x |
| 1999-12-31 | $19.58 | $36.02 | x |
| 2000-12-31 | $33.98 | $36.02 | x |
| 2001-12-31 | $35.34 | $36.02 | x |
| 2002-12-31 | $20.28 | $36.02 | x |
| 2003-12-31 | $20.69 | $36.02 | x |
| 2004-12-31 | $22.87 | $36.02 | x |
| 2005-12-31 | $22.23 | $36.02 | x |
| 2006-12-31 | $18.56 | $36.02 | x |
| 2007-12-31 | $18.35 | $36.02 | x |
| 2008-12-31 | $18.63 | $36.02 | x |
| 2009-12-31 | $20.31 | $36.02 | x |
| 2010-12-31 | $29.82 | $36.02 | x |
| 2011-12-31 | $21.49 | $36.02 | x |
| 2012-12-31 | $21.85 | $36.02 | x |
| 2013-12-31 | $5.37 | $36.02 | x |
| 2014-12-31 | $5.42 | $36.02 | x |
| 2015-12-31 | $59.12 | $36.02 | x |
| 2016-12-31 | $48.77 | $36.02 | x |
| 2017-12-31 | $48.68 | $36.02 | x |
| 2018-12-31 | $48.77 | $36.02 | x |
| 2019-12-31 | $49.23 | $36.02 | x |
| 2020-12-31 | $49.13 | $36.02 | x |
| 2021-12-31 | $53.20 | $36.02 | x |
| 2022-12-31 | $50.05 | $36.02 | x |
| 2023-12-31 | $50.75 | $36.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Avangrid 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): 4.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.46%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 2.24x
- Recent ROE (4.00%) is below the historical average (6.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 9.90% | 7.13% | 0.32x | 4.39x | $-470.00K |
| 1995 | 11.19% | 7.30% | 0.35x | 4.41x | $5.35 Million |
| 1996 | 8.80% | 5.39% | 0.37x | 4.41x | $-5.35 Million |
| 1997 | 10.33% | 6.45% | 0.39x | 4.13x | $1.46 Million |
| 1998 | 9.38% | 6.15% | 0.36x | 4.20x | $-2.78 Million |
| 1999 | 11.39% | 7.68% | 0.38x | 3.92x | $6.37 Million |
| 2000 | 12.68% | 8.62% | 0.38x | 3.90x | $12.85 Million |
| 2001 | 11.87% | 5.47% | 0.58x | 3.73x | $9.36 Million |
| 2002 | 9.11% | 3.89% | 0.64x | 3.69x | $-4.29 Million |
| 2003 | 4.73% | 2.42% | 0.51x | 3.81x | $-25.99 Million |
| 2004 | 15.85% | 7.89% | 0.62x | 3.26x | $32.11 Million |
| 2005 | 5.74% | 2.58% | 0.67x | 3.30x | $-23.20 Million |
| 2006 | -14.15% | -7.70% | 0.52x | 3.54x | $-111.22 Million |
| 2007 | 9.63% | 4.55% | 0.55x | 3.82x | $-1.73 Million |
| 2008 | 10.15% | 5.08% | 0.46x | 4.39x | $690.10K |
| 2009 | 9.46% | 6.06% | 0.40x | 3.87x | $-3.10 Million |
| 2010 | 5.10% | 5.50% | 0.22x | 4.14x | $-52.76 Million |
| 2011 | 9.11% | 6.35% | 0.33x | 4.34x | $-9.73 Million |
| 2012 | 9.28% | 6.98% | 0.30x | 4.44x | $-7.99 Million |
| 2013 | 8.52% | 7.12% | 0.31x | 3.80x | $-20.10 Million |
| 2014 | 8.01% | 6.71% | 0.32x | 3.74x | $-27.25 Million |
| 2015 | 1.77% | 6.11% | 0.14x | 2.04x | $-1.24 Billion |
| 2016 | 4.17% | 10.47% | 0.19x | 2.07x | $-880.90 Million |
| 2017 | 2.53% | 6.39% | 0.19x | 2.10x | $-1.13 Billion |
| 2018 | 3.94% | 9.18% | 0.20x | 2.13x | $-915.40 Million |
| 2019 | 4.59% | 11.04% | 0.18x | 2.26x | $-823.70 Million |
| 2020 | 3.82% | 9.19% | 0.17x | 2.49x | $-939.90 Million |
| 2021 | 3.71% | 10.14% | 0.18x | 2.07x | $-1.20 Billion |
| 2022 | 4.55% | 11.12% | 0.19x | 2.12x | $-1.06 Billion |
| 2023 | 4.00% | 9.46% | 0.19x | 2.24x | $-1.18 Billion |
Industry Comparison
This section compares Avangrid Inc's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $21,888,523,099
- Average return on equity (ROE) among peers: 9.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Avangrid Inc (AGR) | $20.69 Billion | 9.90% | 1.26x | $2.56 Billion |
| Aboitiz Equity Ventures Inc (ABOIF) | $21.34 Billion | 14.80% | 0.79x | $1.55 Billion |
| Ameren Corp (AEE) | $4.55 Billion | 11.50% | 2.12x | $30.51 Billion |
| American Electric Power Co Inc (AEP) | $26.99 Billion | 10.99% | 2.82x | $71.56 Billion |
| Central Puerto S.A. (CEPU) | $4.66 Billion | 28.55% | 1.05x | $2.49 Billion |
| CLP Holdings Ltd (CLPHY) | $125.97 Billion | 9.20% | 0.86x | $14.34 Billion |
| CMS Energy Corporation (CMS) | $2.46 Billion | 11.28% | 5.30x | $23.53 Billion |
| CenterPoint Energy Inc (CNP) | $8.35 Billion | -9.26% | 3.01x | $27.76 Billion |
| The Connecticut Light and Power Company (CNTHP) | $2.55 Billion | -9.96% | 3.94x | $506.99K |
| Caribbean Utilities Company Ltd (CUPUF) | $133.72 Million | 17.09% | 1.34x | $224.77 Million |