Allete Inc (ALE) - Net Assets

Latest 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. Check Allete Inc (ALE) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore Allete Inc (ALE) total assets for the complete picture of this company's asset base.

Annual Net Assets for Allete Inc (1994–2024)

The table below shows the annual net assets of Allete Inc from 1994 to 2024. For live valuation and market cap data, see market cap of Allete Inc.

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
Asbury Automotive Group Inc
NYSE:ABG
 $3.95 Billion
H&R Block Inc
NYSE:HRB
 $3.95 Billion
Caesars Entertainment Corporation
NASDAQ:CZR
 $3.95 Billion
Shake Shack Inc
NYSE:SHAK
 $3.95 Billion
Oscar Health Inc
NYSE:OSCR
 $3.94 Billion
Scorpio Tankers Inc
NYSE:STNG
 $3.93 Billion
Aris Mining Corporation
NYSE MKT:ARMN
 $3.93 Billion
Bath & Body Works Inc.
NYSE:BBWI
 $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: $17,515,797,167
  • Average return on equity (ROE) among peers: 8.75%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Allete Inc (ALE) $3.34 Billion 10.05% 1.14x $3.94 Billion
The AES Corporation (AES) $3.79 Billion 6.02% 4.52x $10.13 Billion
Avista Corporation (AVA) $859.22 Million 10.67% 13.62x $3.23 Billion
Brookfield Infrastructure Partners LP (BIP) $34.02 Billion 1.08% 1.96x $16.63 Billion
Companhia Energetica de Minas Gerais CEMIG Pref ADR (CIG) $28.57 Billion 16.81% 1.35x $4.97 Billion
Sempra Energy (SRE) $37.79 Billion 7.57% 1.54x $57.10 Billion
UNITIL Corporation (UTL) $79.20 Million 10.35% 3.76x $877.29 Million

About Allete Inc

NYSE:ALE USA Utilities - Diversified
Market Cap
$3.94 Billion
Market Cap Rank
#4189 Global
#1379 in USA
Share Price
$67.90
Change (1 day)
-0.06%
52-Week Range
$62.45 - $67.94
All Time High
$70.69
Categories
Companies in USA Utilities - Diversified
About

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