Georgia Power Co
Georgia Power Company engages in generation, transmission, distribution, purchases, and sells electric service in Georgia. It generates electricity from coal, nuclear, and natural gas sources, as well as renewable sources, such as solar, hydroelectric, and wind. The company serves approximately 600 communities, including Athens, Atlanta, Augusta, Columbus, Macon, Rome, and Savannah, as well as in… Read more
Georgia Power Co (GPJA) - Net Assets
Latest net assets as of September 2024: $23.67 Billion USD
Based on the latest financial reports, Georgia Power Co (GPJA) has net assets worth $23.67 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 ($60.50 Billion) and total liabilities ($36.83 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 | $23.67 Billion |
| % of Total Assets | 39.13% |
| Annual Growth Rate | 1.08% |
| 5-Year Change | 41.94% |
| 10-Year Change | 7.19% |
| Growth Volatility | 14.45 |
Georgia Power Co - Net Assets Trend (2012–2023)
This chart illustrates how Georgia Power Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Georgia Power Co (2012–2023)
The table below shows the annual net assets of Georgia Power Co from 2012 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $21.38 Billion | +13.39% |
| 2022-12-31 | $18.86 Billion | +9.42% |
| 2021-12-31 | $17.23 Billion | +4.44% |
| 2020-12-31 | $16.50 Billion | +9.53% |
| 2019-12-31 | $15.06 Billion | -39.06% |
| 2018-12-31 | $24.72 Billion | +2.30% |
| 2017-12-31 | $24.17 Billion | -2.39% |
| 2016-12-31 | $24.76 Billion | +20.23% |
| 2015-12-31 | $20.59 Billion | +3.22% |
| 2014-12-31 | $19.95 Billion | +4.95% |
| 2013-12-31 | $19.01 Billion | +0.02% |
| 2012-12-31 | $19.00 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Georgia Power Co'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 68.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.07 Billion | 14.36% |
| Common Stock | $398.00 Million | 1.86% |
| Other Comprehensive Income | $-9.00 Million | -0.04% |
| Other Components | $17.92 Billion | 83.82% |
| Total Equity | $21.38 Billion | 100.00% |
Georgia Power Co Competitors by Market Cap
The table below lists competitors of Georgia Power Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JERONIMO MARTINS (JEM.SG)
STU:JEM
|
$210.50K |
|
MEIJI HLDGS - Dusseldorf Stock Exchang
DU:3M0
|
$210.54K |
|
SCE-P-N
PINK:SCE-P-N
|
$210.57K |
|
SKF -B-
BE:SKFB
|
$210.68K |
|
OVB HOLDING
HM:O4B
|
$210.37K |
|
Danske Invest Global
CO:DKIGI
|
$210.30K |
|
4Sight Holdings Ltd
JSE:4SI
|
$210.25K |
|
LunR Royalties Corp.
V:LUNR
|
$210.22K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Georgia Power Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 18,858,000,000 to 21,383,000,000, a change of 2,525,000,000 (13.4%).
- Net income of 2,080,000,000 contributed positively to equity growth.
- Dividend payments of 1,855,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 3,000,000.
- Other factors increased equity by 2,297,000,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.08 Billion | +9.73% |
| Dividends Paid | $1.85 Billion | -8.68% |
| Other Comprehensive Income | $3.00 Million | +0.01% |
| Other Changes | $2.30 Billion | +10.74% |
| Total Change | $- | 13.39% |
Book Value vs Market Value Analysis
This analysis compares Georgia Power Co'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: 0.01x
- 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 1.93x to 0.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $11.57 | $22.34 | x |
| 2015-12-31 | $11.73 | $22.34 | x |
| 2016-12-31 | $11.85 | $22.34 | x |
| 2017-12-31 | $23.98 | $22.34 | x |
| 2018-12-31 | $24.72 | $22.34 | x |
| 2019-12-31 | $1626.63 | $22.34 | x |
| 2020-12-31 | $1781.68 | $22.34 | x |
| 2021-12-31 | $1860.82 | $22.34 | x |
| 2022-12-31 | $2036.17 | $22.34 | x |
| 2023-12-31 | $2308.81 | $22.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Georgia Power Co 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): 9.73%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.56%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 2.66x
- Recent ROE (9.73%) is above the historical average (7.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 1.65% | 0.93% | 0.26x | 6.81x | $-869.80 Million |
| 2015 | 2.01% | 1.23% | 0.22x | 7.31x | $-856.90 Million |
| 2016 | 2.98% | 1.70% | 0.18x | 9.66x | $-797.60 Million |
| 2017 | 4.43% | 4.65% | 0.21x | 4.59x | $-1.35 Billion |
| 2018 | 9.00% | 9.47% | 0.20x | 4.73x | $-246.30 Million |
| 2019 | 11.42% | 20.46% | 0.19x | 2.96x | $213.50 Million |
| 2020 | 9.54% | 18.96% | 0.18x | 2.85x | $-75.10 Million |
| 2021 | 3.39% | 6.31% | 0.19x | 2.81x | $-1.14 Billion |
| 2022 | 18.18% | 11.71% | 0.55x | 2.82x | $1.54 Billion |
| 2023 | 9.73% | 20.56% | 0.18x | 2.66x | $-58.30 Million |
Industry Comparison
This section compares Georgia Power Co'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 |
|---|---|---|---|---|
| Georgia Power Co (GPJA) | $23.67 Billion | 1.65% | 1.56x | $210.38K |
| 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 |