Emeren Group Ltd (SOL) - Net Assets
Based on the latest financial reports, Emeren Group Ltd (SOL) has net assets worth $323.52 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($449.50 Million) and total liabilities ($125.97 Million). 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 Emeren Group Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $323.52 Million |
| % of Total Assets | 71.97% |
| Annual Growth Rate | 39.42% |
| 5-Year Change | 84.45% |
| 10-Year Change | 201.98% |
| Growth Volatility | 566.13 |
Emeren Group Ltd - Net Assets Trend (2004–2024)
This chart illustrates how Emeren Group Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Emeren Group Ltd (SOL) total assets for the complete picture of this company's asset base.
Annual Net Assets for Emeren Group Ltd (2004–2024)
The table below shows the annual net assets of Emeren Group Ltd from 2004 to 2024. For live valuation and market cap data, see Emeren Group Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $338.02 Million | -7.15% |
| 2023-12-31 | $364.07 Million | -6.32% |
| 2022-12-31 | $388.64 Million | -13.33% |
| 2021-12-31 | $448.40 Million | +144.68% |
| 2020-12-31 | $183.26 Million | +33.24% |
| 2019-12-31 | $137.55 Million | +10.33% |
| 2018-12-31 | $124.67 Million | +37.78% |
| 2017-12-31 | $90.48 Million | +36.79% |
| 2016-12-31 | $66.14 Million | -40.91% |
| 2015-12-31 | $111.93 Million | -20.27% |
| 2014-12-31 | $140.39 Million | -15.69% |
| 2013-12-31 | $166.51 Million | -58.78% |
| 2012-12-31 | $403.96 Million | -32.80% |
| 2011-12-31 | $601.14 Million | +2.50% |
| 2010-12-31 | $586.47 Million | +47.57% |
| 2009-12-31 | $397.40 Million | +4.01% |
| 2008-12-31 | $382.09 Million | +183.19% |
| 2007-12-31 | $134.93 Million | +86.00% |
| 2006-12-31 | $72.54 Million | +2584.19% |
| 2005-12-31 | $2.70 Million | +515.61% |
| 2004-12-31 | $439.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Emeren Group Ltd'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 45304000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $806.71 Million | 268.44% |
| Other Comprehensive Income | $-19.12 Million | -6.36% |
| Total Equity | $300.52 Million | 100.00% |
Emeren Group Ltd Competitors by Market Cap
The table below lists competitors of Emeren Group Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SYN-Tech Chem & Pharm Co Ltd
TWO:1777
|
$99.61 Million |
|
Shanghai Broadband Technology Co Ltd
SHG:600608
|
$99.61 Million |
|
Sajodongaone Co Ltd
KO:008040
|
$99.62 Million |
|
Maiden Holdings Ltd
F:4OWA
|
$99.64 Million |
|
A-Jin Industry Co Ltd
KQ:013310
|
$99.53 Million |
|
Taiwan Line Tek Electronic Co Ltd
TW:2462
|
$99.52 Million |
|
Favelle Favco Bhd
KLSE:7229
|
$99.47 Million |
|
Chyang Sheng Dyeing & Finishing Co Ltd
TW:1463
|
$99.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Emeren Group Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 326,315,000 to 300,516,000, a change of -25,799,000 (-7.9%).
- Net loss of 12,477,000 reduced equity.
- Share repurchases of 7,208,000 reduced equity.
- Other comprehensive income decreased equity by 12,645,000.
- Other factors increased equity by 6,531,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-12.48 Million | -4.15% |
| Share Repurchases | $7.21 Million | -2.4% |
| Other Comprehensive Income | $-12.64 Million | -4.21% |
| Other Changes | $6.53 Million | +2.17% |
| Total Change | $- | -7.91% |
Book Value vs Market Value Analysis
This analysis compares Emeren Group Ltd'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: 0.33x
- 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 29.46x to 0.33x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | $0.07 | $1.94 | x |
| 2005-12-31 | $0.41 | $1.94 | x |
| 2006-12-31 | $9.17 | $1.94 | x |
| 2007-12-31 | $11.62 | $1.94 | x |
| 2008-12-31 | $30.04 | $1.94 | x |
| 2009-12-31 | $26.93 | $1.94 | x |
| 2010-12-31 | $33.49 | $1.94 | x |
| 2011-12-31 | $34.57 | $1.94 | x |
| 2012-12-31 | $23.37 | $1.94 | x |
| 2013-12-31 | $9.13 | $1.94 | x |
| 2014-12-31 | $6.64 | $1.94 | x |
| 2015-12-31 | $5.48 | $1.94 | x |
| 2016-12-31 | $3.27 | $1.94 | x |
| 2017-12-31 | $3.66 | $1.94 | x |
| 2018-12-31 | $2.38 | $1.94 | x |
| 2019-12-31 | $2.33 | $1.94 | x |
| 2020-12-31 | $2.79 | $1.94 | x |
| 2021-12-31 | $5.78 | $1.94 | x |
| 2022-12-31 | $5.35 | $1.94 | x |
| 2023-12-31 | $57.73 | $1.94 | x |
| 2024-12-31 | $5.80 | $1.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Emeren Group Ltd 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): -4.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -13.55%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 1.49x
- Recent ROE (-4.15%) is above the historical average (-7.64%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 1.59% | 0.00% | 0.00x | 2.07x | $-36.90K |
| 2005 | 44.07% | 23.41% | 0.51x | 3.72x | $920.75K |
| 2006 | 34.88% | 29.99% | 0.66x | 1.77x | $18.05 Million |
| 2007 | 34.16% | 17.25% | 0.57x | 3.50x | $30.37 Million |
| 2008 | -14.38% | -8.19% | 0.67x | 2.64x | $-93.09 Million |
| 2009 | -18.09% | -14.09% | 0.40x | 3.24x | $-111.64 Million |
| 2010 | 28.82% | 14.02% | 0.76x | 2.71x | $110.35 Million |
| 2011 | 0.06% | 0.03% | 0.51x | 3.24x | $-59.77 Million |
| 2012 | -60.11% | -25.02% | 0.46x | 5.20x | $-282.86 Million |
| 2013 | -155.69% | -17.04% | 0.71x | 12.87x | $-275.55 Million |
| 2014 | -24.88% | -2.15% | 0.93x | 12.39x | $-47.15 Million |
| 2015 | -4.53% | -0.40% | 0.95x | 12.03x | $-16.27 Million |
| 2016 | -52.46% | -43.10% | 0.07x | 16.45x | $-41.31 Million |
| 2017 | 38.08% | 33.46% | 0.31x | 3.71x | $25.41 Million |
| 2018 | 1.94% | 1.82% | 0.26x | 4.17x | $-7.31 Million |
| 2019 | -9.32% | -7.41% | 0.37x | 3.38x | $-18.30 Million |
| 2020 | 2.00% | 3.78% | 0.22x | 2.42x | $-11.14 Million |
| 2021 | 1.70% | 8.61% | 0.15x | 1.33x | $-33.54 Million |
| 2022 | -1.35% | -7.62% | 0.12x | 1.46x | $-39.40 Million |
| 2023 | -2.86% | -8.91% | 0.22x | 1.46x | $-41.96 Million |
| 2024 | -4.15% | -13.55% | 0.21x | 1.49x | $-42.53 Million |
Industry Comparison
This section compares Emeren Group Ltd's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $1,492,882,828
- Average return on equity (ROE) among peers: -3542.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Emeren Group Ltd (SOL) | $323.52 Million | 1.59% | 0.39x | $99.56 Million |
| Array Technologies Inc (ARRY) | $-85.81 Million | 0.00% | 0.00x | $1.24 Billion |
| Ascent Solar Technologies, Inc. Common Stock (ASTI) | $34.23 Million | -84.05% | 0.27x | $38.51 Million |
| Beam Global (BEEM) | $25.98 Million | -25.39% | 0.18x | $27.40 Million |
| Canadian Solar Inc (CSIQ) | $466.98 Million | -19.45% | 3.03x | $1.13 Billion |
| Complete Solaria, Inc. Common Stock (CSLR) | $19.51K | -29129.50% | 5.55x | $114.71 Million |
| Enphase Energy Inc (ENPH) | $1.09 Billion | 15.84% | 2.23x | $4.12 Billion |
| First Solar Inc (FSLR) | $6.69 Billion | 12.42% | 0.55x | $20.97 Billion |
| FTC Solar Inc (FTCI) | $19.04 Million | -255.34% | 3.72x | $55.64 Million |
| JinkoSolar Holding Company Limited (JKS) | $6.69 Billion | 2.12% | 3.28x | $1.22 Billion |
| Maxeon Solar Technologies Ltd (MAXN) | $4.64 Million | -5942.03% | 214.86x | $9.31 Million |
About Emeren Group Ltd
Emeren Group Ltd, together with its subsidiaries, develops, builds, and sells solar power projects. It owns and operates 3 GW pipeline of projects and independent power producer assets, as well as a 10 GWh pipeline of storage pipeline. The company develops community solar gardens; and sells project rights. In addition, it engages in engineering design; procurement of solar modules; balance-of-sys… Read more