Allete Inc
ALLETE, Inc. operates as an energy company. The company operates in two segments, Regulated Operations and ALLETE Clean Energy. It generates electricity from coal-fired, biomass co-fired/natural gas, hydro, wind, and solar. The company also provides regulated utility electric services in northeastern Minnesota to approximately 150,000 retail customers and 14 non-affiliated municipal customers in … Read more
Allete Inc (ALE) - Net Assets
Latest net assets as of September 2025: $3.34 Billion USD
Based on the latest financial reports, Allete Inc (ALE) has net assets worth $3.34 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.15 Billion) and total liabilities ($3.81 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 | $3.34 Billion |
| % of Total Assets | 46.75% |
| Annual Growth Rate | 5.88% |
| 5-Year Change | 21.08% |
| 10-Year Change | 86.05% |
| Growth Volatility | 13.67 |
Allete Inc - Net Assets Trend (1994–2024)
This chart illustrates how Allete 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 Allete Inc (1994–2024)
The table below shows the annual net assets of Allete Inc from 1994 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $3.39 Billion | -0.49% |
| 2023-12-31 | $3.41 Billion | +1.76% |
| 2022-12-31 | $3.35 Billion | +13.98% |
| 2021-12-31 | $2.94 Billion | +4.90% |
| 2020-12-31 | $2.80 Billion | +19.89% |
| 2019-12-31 | $2.34 Billion | +8.34% |
| 2018-12-31 | $2.16 Billion | +4.24% |
| 2017-12-31 | $2.07 Billion | +9.26% |
| 2016-12-31 | $1.89 Billion | +3.87% |
| 2015-12-31 | $1.82 Billion | +13.11% |
| 2014-12-31 | $1.61 Billion | +19.98% |
| 2013-12-31 | $1.34 Billion | +11.82% |
| 2012-12-31 | $1.20 Billion | +11.28% |
| 2011-12-31 | $1.08 Billion | +9.57% |
| 2010-12-31 | $985.00 Million | +4.90% |
| 2009-12-31 | $939.00 Million | +12.20% |
| 2008-12-31 | $836.90 Million | +11.30% |
| 2007-12-31 | $751.90 Million | +11.69% |
| 2006-12-31 | $673.20 Million | +10.58% |
| 2005-12-31 | $608.80 Million | -3.44% |
| 2004-12-31 | $630.50 Million | -56.82% |
| 2003-12-31 | $1.46 Billion | +18.48% |
| 2002-12-31 | $1.23 Billion | +7.75% |
| 2001-12-31 | $1.14 Billion | +26.98% |
| 2000-12-31 | $900.80 Million | +7.58% |
| 1999-12-31 | $837.30 Million | +2.47% |
| 1998-12-31 | $817.10 Million | +19.74% |
| 1997-12-31 | $682.40 Million | +6.24% |
| 1996-12-31 | $642.30 Million | +1.53% |
| 1995-12-31 | $632.60 Million | +3.67% |
| 1994-12-31 | $610.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Allete 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 282.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.04 Billion | 36.62% |
| Common Stock | $1.82 Billion | 64.02% |
| Other Comprehensive Income | $-18.10 Million | -0.64% |
| Total Equity | $2.85 Billion | 100.00% |
Allete Inc Competitors by Market Cap
The table below lists competitors of Allete Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kymera Therapeutics Inc
NASDAQ:KYMR
|
$3.93 Billion |
|
Lazard Ltd
NYSE:LAZ
|
$3.94 Billion |
|
Ryan Specialty Group Holdings Inc
NYSE:RYAN
|
$3.94 Billion |
|
Yunnan Chihong Zinc&Germanium Co Ltd
SHG:600497
|
$3.94 Billion |
|
ORLA MINING (NEW)
F:O8M
|
$3.93 Billion |
|
TongKun Group Co Ltd
SHG:601233
|
$3.93 Billion |
|
Envista Holdings Corp
NYSE:NVST
|
$3.93 Billion |
|
Beijing Teamsun Technology Co Ltd
SHG:600410
|
$3.93 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Allete Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,809,600,000 to 2,848,000,000, a change of 38,400,000 (1.4%).
- Net income of 179,300,000 contributed positively to equity growth.
- Dividend payments of 162,800,000 reduced retained earnings.
- Share repurchases of 12,900,000 reduced equity.
- New share issuances of 12,900,000 increased equity.
- Other comprehensive income increased equity by 2,400,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $179.30 Million | +6.3% |
| Dividends Paid | $162.80 Million | -5.72% |
| Share Repurchases | $12.90 Million | -0.45% |
| Share Issuances | $12.90 Million | +0.45% |
| Other Comprehensive Income | $2.40 Million | +0.08% |
| Other Changes | $19.50 Million | +0.68% |
| Total Change | $- | 1.37% |
Book Value vs Market Value Analysis
This analysis compares Allete 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: 1.38x
- 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 2.08x to 1.38x 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 | $32.71 | $67.90 | x |
| 1995-12-31 | $33.27 | $67.90 | x |
| 1996-12-31 | $32.88 | $67.90 | x |
| 1997-12-31 | $33.58 | $67.90 | x |
| 1998-12-31 | $38.31 | $67.90 | x |
| 1999-12-31 | $36.57 | $67.90 | x |
| 2000-12-31 | $38.50 | $67.90 | x |
| 2001-12-31 | $44.85 | $67.90 | x |
| 2002-12-31 | $45.27 | $67.90 | x |
| 2003-12-31 | $52.85 | $67.90 | x |
| 2004-12-31 | $22.20 | $67.90 | x |
| 2005-12-31 | $22.00 | $67.90 | x |
| 2006-12-31 | $23.86 | $67.90 | x |
| 2007-12-31 | $26.15 | $67.90 | x |
| 2008-12-31 | $28.23 | $67.90 | x |
| 2009-12-31 | $28.87 | $67.90 | x |
| 2010-12-31 | $28.45 | $67.90 | x |
| 2011-12-31 | $30.49 | $67.90 | x |
| 2012-12-31 | $31.94 | $67.90 | x |
| 2013-12-31 | $33.74 | $67.90 | x |
| 2014-12-31 | $37.34 | $67.90 | x |
| 2015-12-31 | $37.65 | $67.90 | x |
| 2016-12-31 | $38.24 | $67.90 | x |
| 2017-12-31 | $40.55 | $67.90 | x |
| 2018-12-31 | $41.86 | $67.90 | x |
| 2019-12-31 | $43.17 | $67.90 | x |
| 2020-12-31 | $44.21 | $67.90 | x |
| 2021-12-31 | $45.96 | $67.90 | x |
| 2022-12-31 | $48.07 | $67.90 | x |
| 2023-12-31 | $48.95 | $67.90 | x |
| 2024-12-31 | $49.27 | $67.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Allete 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): 6.30%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.72%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 2.60x
- Recent ROE (6.30%) is below the historical average (9.16%), 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 | 10.05% | 9.61% | 0.35x | 2.96x | $280.00K |
| 1995 | 10.24% | 9.63% | 0.35x | 3.08x | $1.54 Million |
| 1996 | 10.77% | 8.17% | 0.39x | 3.34x | $4.97 Million |
| 1997 | 11.37% | 8.14% | 0.44x | 3.18x | $9.36 Million |
| 1998 | 10.83% | 8.51% | 0.45x | 2.84x | $6.79 Million |
| 1999 | 8.12% | 6.01% | 0.49x | 2.76x | $-15.73 Million |
| 2000 | 16.50% | 11.16% | 0.46x | 3.23x | $58.52 Million |
| 2001 | 12.13% | 9.08% | 0.47x | 2.87x | $24.32 Million |
| 2002 | 11.13% | 9.10% | 0.48x | 2.55x | $13.96 Million |
| 2003 | 16.19% | 14.60% | 0.52x | 2.12x | $90.38 Million |
| 2004 | 6.20% | 5.20% | 0.52x | 2.27x | $-23.95 Million |
| 2005 | 2.92% | 2.39% | 0.54x | 2.27x | $-42.68 Million |
| 2006 | 11.61% | 10.08% | 0.50x | 2.30x | $10.72 Million |
| 2007 | 11.80% | 10.41% | 0.51x | 2.21x | $13.34 Million |
| 2008 | 9.97% | 10.30% | 0.38x | 2.58x | $-210.00K |
| 2009 | 6.56% | 8.04% | 0.32x | 2.57x | $-31.95 Million |
| 2010 | 7.72% | 8.30% | 0.35x | 2.67x | $-22.30 Million |
| 2011 | 8.69% | 10.11% | 0.32x | 2.66x | $-14.13 Million |
| 2012 | 8.08% | 10.10% | 0.30x | 2.71x | $-23.00 Million |
| 2013 | 7.80% | 10.28% | 0.29x | 2.59x | $-29.59 Million |
| 2014 | 7.75% | 10.98% | 0.26x | 2.71x | $-36.14 Million |
| 2015 | 7.74% | 9.49% | 0.30x | 2.69x | $-41.14 Million |
| 2016 | 8.20% | 11.59% | 0.24x | 2.95x | $-34.00 Million |
| 2017 | 8.33% | 12.13% | 0.25x | 2.79x | $-34.62 Million |
| 2018 | 8.08% | 11.62% | 0.26x | 2.72x | $-41.48 Million |
| 2019 | 8.32% | 14.96% | 0.20x | 2.76x | $-37.59 Million |
| 2020 | 7.59% | 14.90% | 0.17x | 2.97x | $-55.26 Million |
| 2021 | 7.01% | 11.92% | 0.20x | 2.97x | $-72.11 Million |
| 2022 | 7.03% | 12.05% | 0.21x | 2.83x | $-79.89 Million |
| 2023 | 8.79% | 13.15% | 0.26x | 2.62x | $-33.86 Million |
| 2024 | 6.30% | 11.72% | 0.21x | 2.60x | $-105.50 Million |
Industry Comparison
This section compares Allete Inc's net assets metrics with peer companies in the Utilities - Diversified industry.
Industry Context
- Industry: Utilities - Diversified
- Average net assets among peers: $4,796,823,742
- Average return on equity (ROE) among peers: 6.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Allete Inc (ALE) | $3.34 Billion | 10.05% | 1.14x | $3.93 Billion |
| ACEA S.p.A (ACEJF) | $1.90 Billion | 14.24% | 3.29x | $780.10 Million |
| Atco Ltd (ACLLF) | $2.57 Billion | 6.35% | 1.49x | $2.59 Billion |
| A2A S.p.A (AEMMF) | $3.52 Billion | 9.76% | 1.93x | $4.51 Billion |
| The AES Corporation (AES) | $10.41 Billion | -0.53% | 2.89x | $10.06 Billion |
| Algonquin Power & Utilities Corp (AQN) | $1.41 Billion | 1.04% | 0.98x | $4.08 Billion |
| Avista Corporation (AVA) | $1.53 Billion | 8.06% | 2.21x | $3.23 Billion |
| Brookfield Infrastructure Partners LP (BIP) | $14.67 Billion | 1.31% | 1.49x | $16.66 Billion |
| Commerce Energy Group Inc (CMNR) | $93.62 Million | 5.79% | 0.34x | $0.94 |
| Canadian Utilities Limited (CUTLF) | $7.07 Billion | 8.94% | 2.11x | $4.62 Billion |