Altus Power Inc
Altus Power, Inc., a clean electrification company, develops, constructs, owns, and operates roof, ground, and carport-based photovoltaic solar energy generation and storage systems in the United States. It serves commercial, industrial, public sector, and community solar customers. Altus Power, Inc. was founded in 2013 and is headquartered in Stamford, Connecticut.
Altus Power Inc (AMPS) - Net Assets
Latest net assets as of December 2024: $543.42 Million USD
Based on the latest financial reports, Altus Power Inc (AMPS) has net assets worth $543.42 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.35 Billion) and total liabilities ($1.81 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 | $543.42 Million |
| % of Total Assets | 23.13% |
| Annual Growth Rate | 32.68% |
| 5-Year Change | 245.46% |
| 10-Year Change | N/A |
| Growth Volatility | 41.03 |
Altus Power Inc - Net Assets Trend (2019–2024)
This chart illustrates how Altus Power 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 Altus Power Inc (2019–2024)
The table below shows the annual net assets of Altus Power Inc from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $543.42 Million | +3.51% |
| 2023-12-31 | $525.01 Million | +13.38% |
| 2022-12-31 | $463.06 Million | +35.58% |
| 2021-12-31 | $341.54 Million | +117.12% |
| 2020-12-31 | $157.31 Million | +19.07% |
| 2019-12-31 | $132.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Altus Power 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 decreased by 707800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $16.00K | 0.00% |
| Other Comprehensive Income | $15.58 Million | 3.42% |
| Other Components | $493.98 Million | 108.53% |
| Total Equity | $455.16 Million | 100.00% |
Altus Power Inc Competitors by Market Cap
The table below lists competitors of Altus Power Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Glory Medical Co Ltd
SHE:002551
|
$266.49 Million |
|
Guangdong Brandmax Marketing Co Ltd
SHE:300805
|
$266.50 Million |
|
Clenergy Xiamen Technology Co Ltd
SHG:603628
|
$266.54 Million |
|
Flughafen Wien AG
LSE:0RHU
|
$266.55 Million |
|
Wuxi Commercial Mansion Grand Orient Co Ltd
SHG:600327
|
$266.38 Million |
|
Shanghai Prisemi Electronics Co Ltd
SHG:688230
|
$266.29 Million |
|
Multiconsult AS
OL:MULTI
|
$266.28 Million |
|
HaiXin Foods Co Ltd
SHE:002702
|
$266.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Altus Power Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 447,078,000 to 455,158,000, a change of 8,080,000 (1.8%).
- Net income of 17,821,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 1,695,000.
- Other factors decreased equity by 8,046,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $17.82 Million | +3.92% |
| Other Comprehensive Income | $-1.70 Million | -0.37% |
| Other Changes | $-8.05 Million | -1.77% |
| Total Change | $- | 1.81% |
Book Value vs Market Value Analysis
This analysis compares Altus Power 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: 1.76x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $2.85 | $4.99 | x |
| 2020-12-31 | $2.96 | $4.99 | x |
| 2021-12-31 | $1.98 | $4.99 | x |
| 2022-12-31 | $2.72 | $4.99 | x |
| 2023-12-31 | $2.82 | $4.99 | x |
| 2024-12-31 | $2.83 | $4.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Altus Power 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): 3.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.08%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 5.16x
- Recent ROE (3.92%) is above the historical average (2.09%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -5.09% | -16.35% | 0.10x | 3.10x | $-18.15 Million |
| 2020 | -1.51% | -4.17% | 0.08x | 4.65x | $-14.38 Million |
| 2021 | 4.27% | 18.11% | 0.06x | 3.65x | $-17.49 Million |
| 2022 | 13.07% | 54.80% | 0.07x | 3.25x | $13.03 Million |
| 2023 | -2.09% | -6.03% | 0.07x | 4.68x | $-54.06 Million |
| 2024 | 3.92% | 9.08% | 0.08x | 5.16x | $-27.69 Million |
Industry Comparison
This section compares Altus Power Inc's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $1,125,216,623
- Average return on equity (ROE) among peers: -79.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Altus Power Inc (AMPS) | $543.42 Million | -5.09% | 3.32x | $266.49 Million |
| ACLEW (ACLEW) | $-33.88 Million | 0.00% | 0.00x | $11.36 |
| Arsenal Digital Holdings Inc. (ADHI) | $1.69 Million | 12.00% | 0.10x | $458.16 |
| AGIG (AGIG) | $-1.03 Million | 0.00% | 0.00x | $16.94K |
| Aker Horizons ASA (AKHOF) | $9.99 Billion | -19.54% | 2.26x | $39.77 Million |
| Alternus Energy Group Plc (ALCE) | $16.59 Million | -113.04% | 11.63x | $698.55K |
| Alaska Hydro Corporation (ALKHF) | $-562.11K | 0.00% | 0.00x | $3.01K |
| Astra Energy Inc (ASRE) | $1.75 Million | -596.04% | 3.32x | $683.50K |
| Altius Renewable Royalties Corp (ATRWF) | $159.06 Million | -2.15% | 0.04x | $105.47 Million |
| Atlantic Wind & Solar Inc (AWSL) | $-2.66 Million | 0.00% | 0.00x | $322.80 |