DTE Energy Co Pref Series E
DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets. This segment… Read more
DTE Energy Co Pref Series E (DTW) - Net Assets
Latest net assets as of September 2024: $11.60 Billion USD
Based on the latest financial reports, DTE Energy Co Pref Series E (DTW) has net assets worth $11.60 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 ($49.81 Billion) and total liabilities ($38.21 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 | $11.60 Billion |
| % of Total Assets | 23.29% |
| Annual Growth Rate | N/A |
| 5-Year Change | -6.6% |
| 10-Year Change | 32.52% |
| Growth Volatility | 32.03 |
DTE Energy Co Pref Series E - Net Assets Trend (2001–2023)
This chart illustrates how DTE Energy Co Pref Series E's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for DTE Energy Co Pref Series E (2001–2023)
The table below shows the annual net assets of DTE Energy Co Pref Series E from 2001 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $11.05 Billion | +6.29% |
| 2022-12-31 | $10.40 Billion | +19.37% |
| 2021-12-31 | $8.71 Billion | -30.79% |
| 2020-12-31 | $12.59 Billion | +6.36% |
| 2019-12-31 | $11.84 Billion | +10.44% |
| 2018-12-31 | $10.72 Billion | +7.28% |
| 2017-12-31 | $9.99 Billion | +5.17% |
| 2016-12-31 | $9.50 Billion | +8.00% |
| 2015-12-31 | $8.79 Billion | +5.43% |
| 2014-12-31 | $8.34 Billion | +4.88% |
| 2013-12-31 | $7.95 Billion | +7.33% |
| 2012-12-31 | $7.41 Billion | +146.79% |
| 2011-12-31 | $-15.84 Billion | -2.21% |
| 2010-12-31 | $-15.50 Billion | +1.81% |
| 2009-12-31 | $-15.78 Billion | -33480.85% |
| 2008-12-31 | $-47.00 Million | +94.85% |
| 2007-12-31 | $-912.00 Million | +21.72% |
| 2006-12-31 | $-1.17 Billion | +18.25% |
| 2005-12-31 | $-1.43 Billion | -103.28% |
| 2004-12-31 | $-701.00 Million | -4.78% |
| 2003-12-31 | $-669.00 Million | -103.90% |
| 2002-12-31 | $17.16 Billion | +3750.85% |
| 2001-12-31 | $-470.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to DTE Energy Co Pref Series E'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 138.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $4.40 Billion | 39.86% |
| Common Stock | $6.71 Billion | 60.75% |
| Other Comprehensive Income | $-67.00 Million | -0.61% |
| Total Equity | $11.05 Billion | 100.00% |
DTE Energy Co Pref Series E Competitors by Market Cap
The table below lists competitors of DTE Energy Co Pref Series E ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TOBA Investments Equities
CO:TOIEQT
|
$201.40K |
|
Rathdowney Resources Ltd
PINK:RATHF
|
$201.47K |
|
PULSION Medical Systems SE
MU:PUS
|
$201.83K |
|
RiverBank Holding Company
PINK:RBNK
|
$201.93K |
|
Nvni Group Limited Warrants
NASDAQ:NVNIW
|
$201.01K |
|
Falcon Invest Falcon Brighter Future
CO:FIIFBF
|
$200.96K |
|
FORTUM
MU:FOT
|
$200.95K |
|
CooTek Cayman Inc
PINK:CTKYY
|
$200.93K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in DTE Energy Co Pref Series E's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 10,397,000,000 to 11,050,000,000, a change of 653,000,000 (6.3%).
- Net income of 1,394,000,000 contributed positively to equity growth.
- Dividend payments of 752,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 5,000,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.39 Billion | +12.62% |
| Dividends Paid | $752.00 Million | -6.81% |
| Other Comprehensive Income | $-5.00 Million | -0.05% |
| Other Changes | $16.00 Million | +0.14% |
| Total Change | $- | 6.28% |
Book Value vs Market Value Analysis
This analysis compares DTE Energy Co Pref Series E'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: 0.40x
- 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 increased from 0.19x to 0.40x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $116.59 | $21.68 | x |
| 2003-12-31 | $123.53 | $21.68 | x |
| 2004-12-31 | $123.10 | $21.68 | x |
| 2005-12-31 | $132.59 | $21.68 | x |
| 2006-12-31 | $133.62 | $21.68 | x |
| 2007-12-31 | $139.73 | $21.68 | x |
| 2008-12-31 | $150.86 | $21.68 | x |
| 2009-12-31 | $38.28 | $21.68 | x |
| 2010-12-31 | $39.78 | $21.68 | x |
| 2011-12-31 | $41.23 | $21.68 | x |
| 2012-12-31 | $42.87 | $21.68 | x |
| 2013-12-31 | $45.26 | $21.68 | x |
| 2014-12-31 | $47.05 | $21.68 | x |
| 2015-12-31 | $49.01 | $21.68 | x |
| 2016-12-31 | $50.34 | $21.68 | x |
| 2017-12-31 | $53.14 | $21.68 | x |
| 2018-12-31 | $56.56 | $21.68 | x |
| 2019-12-31 | $63.09 | $21.68 | x |
| 2020-12-31 | $64.38 | $21.68 | x |
| 2021-12-31 | $44.87 | $21.68 | x |
| 2022-12-31 | $53.05 | $21.68 | x |
| 2023-12-31 | $53.64 | $21.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently DTE Energy Co Pref Series E 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): 12.62%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.94%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 4.05x
- Recent ROE (12.62%) is above the historical average (7.46%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 1.88% | 5.32% | 4.60x | 0.08x | $-1.56 Billion |
| 2002 | 3.29% | 9.36% | 0.35x | 1.00x | $-1.29 Billion |
| 2003 | 2.51% | 7.40% | 7.13x | 0.05x | $-1.55 Billion |
| 2004 | 2.02% | 6.06% | 6.33x | 0.05x | $-1.70 Billion |
| 2005 | 2.30% | 5.95% | 6.46x | 0.06x | $-1.80 Billion |
| 2006 | 1.82% | 4.80% | 6.16x | 0.06x | $-1.95 Billion |
| 2007 | 4.09% | 11.42% | 4.66x | 0.08x | $-1.40 Billion |
| 2008 | 2.22% | 5.85% | 4.76x | 0.08x | $-1.91 Billion |
| 2009 | 8.47% | 6.64% | 3.82x | 0.33x | $-95.80 Million |
| 2010 | 9.37% | 7.36% | 3.25x | 0.39x | $-42.20 Million |
| 2011 | 10.27% | 8.09% | 2.86x | 0.44x | $19.10 Million |
| 2012 | 9.02% | 7.56% | 0.33x | 3.57x | $-72.30 Million |
| 2013 | 8.33% | 6.83% | 0.37x | 3.27x | $-132.10 Million |
| 2014 | 10.86% | 7.35% | 0.44x | 3.35x | $71.30 Million |
| 2015 | 8.26% | 7.02% | 0.36x | 3.27x | $-152.20 Million |
| 2016 | 9.61% | 8.07% | 0.34x | 3.56x | $-35.10 Million |
| 2017 | 11.90% | 9.00% | 0.37x | 3.55x | $180.80 Million |
| 2018 | 10.92% | 7.87% | 0.39x | 3.54x | $94.30 Million |
| 2019 | 10.00% | 9.26% | 0.30x | 3.62x | $-200.00K |
| 2020 | 10.99% | 11.85% | 0.25x | 3.66x | $123.50 Million |
| 2021 | 10.40% | 6.01% | 0.38x | 4.56x | $34.50 Million |
| 2022 | 10.39% | 5.62% | 0.45x | 4.11x | $40.30 Million |
| 2023 | 12.62% | 10.94% | 0.28x | 4.05x | $289.00 Million |
Industry Comparison
This section compares DTE Energy Co Pref Series E's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| DTE Energy Co Pref Series E (DTW) | $11.60 Billion | 1.88% | 3.29x | $201.17K |
| Abcam plc (ABCZF) | $726.90 Million | -1.17% | 0.45x | $5.00 Billion |
| Able View Global Inc. Warrant (ABLVW) | $11.42 Million | 85.41% | 3.81x | $277.93K |
| Above Food Ingredients Inc. Warrants (ABVEW) | $199.86 Million | -2.89% | 0.00x | $6.25 Million |
| Adamas Trust, Inc. (ADAMG) | $2.43 Billion | 7.94% | 1.33x | $2.09 Billion |
| ADS-TEC ENERGY PLC Warrant (ADSEW) | $33.92 Million | -162.39% | 2.67x | $10.06 Million |
| Alliance Entertainment Holding Corporation Warrants (AENTW) | $52.92 Million | 10.13% | 4.23x | $2.29 Million |
| Forafric Global PLC Warrants (AFRIW) | $5.32 Million | -457.58% | 45.29x | $2.67 Million |
| Centurion Acquisition Corp. Warrant (ALFUW) | $282.84 Million | 1.97% | 0.05x | $4.81 Million |
| Alliance Trust PLC (ALITF) | $4.04 Billion | 10.04% | 0.29x | $112.87K |
| Alvotech Warrant (ALVOW) | $-564.42 Million | 0.00% | 0.00x | $35.01 Million |