Tecogen Inc. (TGEN) - Net Assets
Based on the latest financial reports, Tecogen Inc. (TGEN) has net assets worth $25.32 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 ($41.46 Million) and total liabilities ($16.15 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 asset resilience ratio of Tecogen Inc. to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $25.32 Million |
| % of Total Assets | 61.06% |
| Annual Growth Rate | 5.22% |
| 5-Year Change | -41.36% |
| 10-Year Change | -18.62% |
| Growth Volatility | 51.19 |
Tecogen Inc. - Net Assets Trend (2011–2024)
This chart illustrates how Tecogen Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore Tecogen Inc. assets under control for the complete picture of this company's asset base.
Annual Net Assets for Tecogen Inc. (2011–2024)
The table below shows the annual net assets of Tecogen Inc. from 2011 to 2024. For live valuation and market cap data, see Tecogen Inc. (TGEN) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $10.13 Million | -30.89% |
| 2023-12-31 | $14.65 Million | -22.83% |
| 2022-12-31 | $18.99 Million | -10.13% |
| 2021-12-31 | $21.13 Million | +22.36% |
| 2020-12-31 | $17.27 Million | -26.06% |
| 2019-12-31 | $23.35 Million | -16.71% |
| 2018-12-31 | $28.04 Million | -16.79% |
| 2017-12-31 | $33.70 Million | +132.20% |
| 2016-12-31 | $14.51 Million | +16.63% |
| 2015-12-31 | $12.44 Million | +113.66% |
| 2014-12-31 | $5.82 Million | -17.59% |
| 2013-12-31 | $7.07 Million | +47.73% |
| 2012-12-31 | $4.78 Million | -8.43% |
| 2011-12-31 | $5.22 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tecogen 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 3751712800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $24.95K | 0.24% |
| Other Components | $57.85 Million | 565.43% |
| Total Equity | $10.23 Million | 100.00% |
Tecogen Inc. Competitors by Market Cap
The table below lists competitors of Tecogen Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
6K Additive Inc
AU:6KA
|
$158.85 Million |
|
HyVision System. Inc
KQ:126700
|
$158.94 Million |
|
Capitan Mining Inc
V:CAPT
|
$158.98 Million |
|
Marti Technologies Inc.
NYSE MKT:MRT
|
$158.99 Million |
|
Fortifai Ltd
AU:FTI
|
$158.83 Million |
|
Fine DNC Co. Ltd
KQ:049120
|
$158.78 Million |
|
Barton Gold Holdings Ltd
AU:BGD
|
$158.77 Million |
|
Quipt Home Medical Corp
NASDAQ:QIPT
|
$158.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tecogen Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 14,746,596 to 10,230,345, a change of -4,516,251 (-30.6%).
- Net loss of 4,760,238 reduced equity.
- Other factors increased equity by 243,987.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-4.76 Million | -46.53% |
| Other Changes | $243.99K | +2.38% |
| Total Change | $- | -30.63% |
Book Value vs Market Value Analysis
This analysis compares Tecogen 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: 13.00x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 15.60x to 13.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | $0.34 | $5.35 | x |
| 2012-12-31 | $0.31 | $5.35 | x |
| 2013-12-31 | $0.46 | $5.35 | x |
| 2014-12-31 | $0.39 | $5.35 | x |
| 2015-12-31 | $0.76 | $5.35 | x |
| 2016-12-31 | $0.75 | $5.35 | x |
| 2017-12-31 | $1.42 | $5.35 | x |
| 2018-12-31 | $1.12 | $5.35 | x |
| 2019-12-31 | $0.94 | $5.35 | x |
| 2020-12-31 | $0.70 | $5.35 | x |
| 2021-12-31 | $0.84 | $5.35 | x |
| 2022-12-31 | $0.77 | $5.35 | x |
| 2023-12-31 | $0.59 | $5.35 | x |
| 2024-12-31 | $0.41 | $5.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tecogen 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): -46.53%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -21.04%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 3.04x
- Recent ROE (-46.53%) is below the historical average (-25.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | -31.04% | -14.23% | 1.27x | 1.72x | $-2.08 Million |
| 2012 | -35.47% | -10.73% | 1.67x | 1.98x | $-2.10 Million |
| 2013 | -47.45% | -21.76% | 0.90x | 2.43x | $-4.18 Million |
| 2014 | -60.92% | -19.37% | 1.37x | 2.30x | $-4.36 Million |
| 2015 | -21.25% | -12.72% | 1.02x | 1.64x | $-4.01 Million |
| 2016 | -7.55% | -4.48% | 1.03x | 1.64x | $-2.55 Million |
| 2017 | 0.14% | 0.14% | 0.66x | 1.52x | $-3.28 Million |
| 2018 | -20.55% | -15.91% | 0.72x | 1.80x | $-8.49 Million |
| 2019 | -20.24% | -14.09% | 0.81x | 1.77x | $-7.04 Million |
| 2020 | -35.53% | -21.77% | 0.94x | 1.74x | $-7.88 Million |
| 2021 | 17.43% | 15.15% | 0.75x | 1.53x | $1.58 Million |
| 2022 | -12.82% | -9.79% | 0.88x | 1.48x | $-4.36 Million |
| 2023 | -31.18% | -18.29% | 0.90x | 1.88x | $-6.07 Million |
| 2024 | -46.53% | -21.04% | 0.73x | 3.04x | $-5.78 Million |
Industry Comparison
This section compares Tecogen Inc.'s net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $135,307,894
- Average return on equity (ROE) among peers: 9.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tecogen Inc. (TGEN) | $25.32 Million | -31.04% | 0.64x | $158.85 Million |
| Advent Technologies Holdings Inc (ADN) | $90.23 Million | -1.10% | 0.04x | $1.38 Million |
| Ads Tec Energy PLC (ADSE) | $-8.59 Million | 0.00% | 0.00x | $642.11 Million |
| Advanced Energy Industries Inc (AEIS) | $677.26 Million | 9.59% | 1.26x | $13.72 Billion |
| Amprius Technologies Inc. (AMPX) | $69.47 Million | -64.30% | 0.74x | $1.30 Billion |
| Asia Pacific Wire & Cable Corp Ltd (APWC) | $214.69 Million | -2.53% | 0.57x | $64.32 Million |
| Atkore International Group Inc (ATKR) | $122.06 Million | 111.95% | 9.85x | $2.02 Billion |
| Acuity Brands Inc (AYI) | $1.91 Billion | 20.09% | 0.82x | $9.07 Billion |
| Bloom Energy Corp (BE) | $-1.72 Billion | 0.00% | 0.00x | $39.20 Billion |
| CBAK Energy Technology Inc (CBAT) | $-100.00K | 0.00% | 0.00x | $70.05 Million |
| CCSC Technology International Holdings Limited Ordinary Shares (CCTG) | $1.21 Million | 24.38% | 0.74x | $1.91 Million |
About Tecogen Inc.
Tecogen Inc., together with its subsidiaries, designs, manufactures, markets, and maintains cogeneration products for multi-family residential, commercial, recreational, and industrial use in the United States. It operates in three segments: Products, Services, and Energy Production. The Products segment designs, manufactures, and sells industrial and commercial cogeneration systems to hospitals … Read more