Neoen S.A
Neoen S.A. operates as an independent renewable energy production company that engages in the development and operation of renewable energy power plants. The company operates through solar power, wind power, storage, farm-down, development and investments, and eliminations segments. Neoen S.A. was incorporated in 2008 and is based in Paris, France. Neoen S.A. operates as a subsidiary of Brookfiel… Read more
Neoen S.A (NOSPF) - Net Assets
Latest net assets as of December 2023: $2.66 Billion USD
Based on the latest financial reports, Neoen S.A (NOSPF) has net assets worth $2.66 Billion USD as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.40 Billion) and total liabilities ($4.74 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 | $2.66 Billion |
| % of Total Assets | 36.0% |
| Annual Growth Rate | 48.34% |
| 5-Year Change | 306.65% |
| 10-Year Change | N/A |
| Growth Volatility | 87.45 |
Neoen S.A - Net Assets Trend (2015–2023)
This chart illustrates how Neoen S.A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Neoen S.A (2015–2023)
The table below shows the annual net assets of Neoen S.A from 2015 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $2.66 Billion | +39.21% |
| 2022-12-31 | $1.91 Billion | +39.33% |
| 2021-12-31 | $1.37 Billion | +114.14% |
| 2020-12-31 | $641.60 Million | -2.09% |
| 2018-12-31 | $655.27 Million | +269.07% |
| 2017-12-31 | $177.55 Million | +1.46% |
| 2016-12-31 | $175.00 Million | +53.97% |
| 2015-12-31 | $113.66 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Neoen S.A'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 4933.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $150.20 Million | 5.66% |
| Other Components | $2.50 Billion | 94.34% |
| Total Equity | $2.65 Billion | 100.00% |
Neoen S.A Competitors by Market Cap
The table below lists competitors of Neoen S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Carriage Services Inc
NYSE:CSV
|
$653.20 Million |
|
Savaria Corporation
PINK:SISXF
|
$653.32 Million |
|
R&S GROUP HOLDING AG
SW:RSGN
|
$653.61 Million |
|
Jiangsu Kanion Pharmaceutical Co Ltd
SHG:600557
|
$653.92 Million |
|
Nexwise Intelligence China Limited
SHE:301248
|
$653.02 Million |
|
Enchem Co. Ltd.
KQ:348370
|
$652.72 Million |
|
Zhejiang Great Southeast Co Ltd
SHE:002263
|
$652.72 Million |
|
Snowline Gold Corp
OTCQB:SNWGF
|
$652.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Neoen S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,893,700,000 to 2,651,700,000, a change of 758,000,000 (40.0%).
- Net income of 150,200,000 contributed positively to equity growth.
- Dividend payments of 3,100,000 reduced retained earnings.
- Share repurchases of 6,900,000 reduced equity.
- New share issuances of 742,500,000 increased equity.
- Other factors decreased equity by 124,700,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $150.20 Million | +5.66% |
| Dividends Paid | $3.10 Million | -0.12% |
| Share Repurchases | $6.90 Million | -0.26% |
| Share Issuances | $742.50 Million | +28.0% |
| Other Changes | $-124.70 Million | -4.7% |
| Total Change | $- | 40.03% |
Book Value vs Market Value Analysis
This analysis compares Neoen S.A'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: 2.40x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.64x to 2.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $6.32 | $42.00 | x |
| 2021-12-31 | $11.79 | $42.00 | x |
| 2022-12-31 | $15.27 | $42.00 | x |
| 2023-12-31 | $17.47 | $42.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Neoen S.A 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): 5.66%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.64%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 2.79x
- Recent ROE (5.66%) is above the historical average (3.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 2.85% | 5.26% | 0.09x | 6.29x | $-7.49 Million |
| 2016 | 2.16% | 4.34% | 0.07x | 7.02x | $-12.85 Million |
| 2017 | 7.59% | 8.94% | 0.08x | 11.02x | $-3.95 Million |
| 2018 | 1.92% | 5.43% | 0.09x | 3.98x | $-52.15 Million |
| 2020 | 0.61% | 1.31% | 0.08x | 5.93x | $-59.78 Million |
| 2021 | 3.00% | 12.29% | 0.07x | 3.62x | $-95.47 Million |
| 2022 | 2.39% | 8.98% | 0.08x | 3.31x | $-144.17 Million |
| 2023 | 5.66% | 28.64% | 0.07x | 2.79x | $-114.97 Million |
Industry Comparison
This section compares Neoen S.A's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $1,059,000,861
- Average return on equity (ROE) among peers: -70.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Neoen S.A (NOSPF) | $2.66 Billion | 2.85% | 1.78x | $653.17 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 |
| Altus Power Inc (AMPS) | $463.06 Million | 11.97% | 1.97x | $266.49 Million |
| 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 |