Southern California Gas Company PFD 6%
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Southern California Gas Company PFD 6% (SOCGM) - Net Assets
Latest net assets as of June 2024: $7.90 Billion USD
Based on the latest financial reports, Southern California Gas Company PFD 6% (SOCGM) has net assets worth $7.90 Billion USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($24.73 Billion) and total liabilities ($16.83 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 | $7.90 Billion |
| % of Total Assets | 31.94% |
| Annual Growth Rate | 11.51% |
| 5-Year Change | 56.07% |
| 10-Year Change | N/A |
| Growth Volatility | 4.55 |
Southern California Gas Company PFD 6% - Net Assets Trend (2014–2023)
This chart illustrates how Southern California Gas Company PFD 6%'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Southern California Gas Company PFD 6% (2014–2023)
The table below shows the annual net assets of Southern California Gas Company PFD 6% from 2014 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $7.41 Billion | +10.63% |
| 2022-12-31 | $6.70 Billion | +23.08% |
| 2021-12-31 | $5.44 Billion | +5.79% |
| 2020-12-31 | $5.14 Billion | +8.34% |
| 2019-12-31 | $4.75 Billion | +11.51% |
| 2018-12-31 | $4.26 Billion | +8.98% |
| 2017-12-31 | $3.91 Billion | +11.31% |
| 2016-12-31 | $3.51 Billion | +11.46% |
| 2015-12-31 | $3.15 Billion | +13.23% |
| 2014-12-31 | $2.78 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Southern California Gas Company PFD 6%'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 166.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $5.09 Billion | 68.76% |
| Other Components | $2.31 Billion | 31.24% |
| Total Equity | $7.41 Billion | 100.00% |
Southern California Gas Company PFD 6% Competitors by Market Cap
The table below lists competitors of Southern California Gas Company PFD 6% ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sparx Technology Inc
V:SPRX
|
$254.49K |
|
EFC-P-E
NYSE:EFC-P-E
|
$254.51K |
|
Cyber Apps World Inc
PINK:CYAP
|
$254.58K |
|
Nevado Resources Corporation
V:VDO-H
|
$254.74K |
|
CARNIVAL
BE:POH1
|
$254.28K |
|
Wisdomtree U.S. Midcap Quality Growth Fund
NASDAQ:QMID
|
$254.16K |
|
Lachlan Star Limited
PINK:LSLCF
|
$254.10K |
|
3Dx Industries Inc
PINK:DDDX
|
$254.01K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Southern California Gas Company PFD 6%'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 6,698,000,000 to 7,410,000,000, a change of 712,000,000 (10.6%).
- Net income of 812,000,000 contributed positively to equity growth.
- Dividend payments of 101,000,000 reduced retained earnings.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $812.00 Million | +10.96% |
| Dividends Paid | $101.00 Million | -1.36% |
| Other Changes | $1.00 Million | +0.01% |
| Total Change | $- | 10.63% |
Book Value vs Market Value Analysis
This analysis compares Southern California Gas Company PFD 6%'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: 0.31x
- 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 0.59x to 0.31x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $42.93 | $25.50 | x |
| 2018-12-31 | $46.79 | $25.50 | x |
| 2019-12-31 | $52.18 | $25.50 | x |
| 2020-12-31 | $56.53 | $25.50 | x |
| 2021-12-31 | $59.80 | $25.50 | x |
| 2022-12-31 | $73.60 | $25.50 | x |
| 2023-12-31 | $81.16 | $25.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Southern California Gas Company PFD 6% 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): 10.96%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.80%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 3.27x
- Recent ROE (10.96%) is above the historical average (9.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 11.97% | 8.64% | 0.37x | 3.76x | $54.90 Million |
| 2015 | 13.34% | 12.04% | 0.29x | 3.84x | $105.10 Million |
| 2016 | 9.97% | 10.08% | 0.26x | 3.82x | $-1.00 Million |
| 2017 | 10.16% | 10.49% | 0.27x | 3.62x | $6.30 Million |
| 2018 | 9.42% | 10.12% | 0.26x | 3.61x | $-24.80 Million |
| 2019 | 13.52% | 14.19% | 0.26x | 3.60x | $167.20 Million |
| 2020 | 9.82% | 10.64% | 0.26x | 3.59x | $-9.40 Million |
| 2021 | -7.83% | -7.72% | 0.27x | 3.73x | $-970.20 Million |
| 2022 | 8.96% | 8.77% | 0.31x | 3.34x | $-69.80 Million |
| 2023 | 10.96% | 9.80% | 0.34x | 3.27x | $71.00 Million |
Industry Comparison
This section compares Southern California Gas Company PFD 6%'s net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $21,537,541,042
- Average return on equity (ROE) among peers: 11.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Southern California Gas Company PFD 6% (SOCGM) | $7.90 Billion | 11.97% | 2.13x | $254.44K |
| Arçelik Anonim Sirketi (ACKAF) | $6.92 Billion | 12.19% | 1.96x | $21.37K |
| Argo Group US Inc. 6.5% SR NTS 42 (ARGD) | $1.78 Billion | -0.47% | 4.90x | $237.80K |
| American Crystal Sugar Company PFD REST NON DIV (ASCS) | $350.39 Million | 158.73% | 1.79x | $54.40 Million |
| Autobacs Seven Co. Ltd (ATBSF) | $138.55 Billion | 3.33% | 0.35x | $167.34K |
| Brookfield Asset Management Inc FR PRF PERPETUAL CAD 25 Ser 2 Cls A (BKFAF) | $45.44 Billion | 2.81% | 1.39x | $78.15K |
| Bristol-Myers Squibb Company PFD CONV 2 (BMYMP) | $14.42 Billion | 11.26% | 1.20x | $9.29 Million |
| BOL Bancshares Inc. PFD (BOLBP) | $11.94 Million | 0.62% | 6.68x | $0.94 |
| NYSE LISTED TEST STOCK FOR CTS AND CQS (CBO) | $3.35 Billion | 13.98% | 0.95x | $246.38K |
| Canadian Utilities Limited 2ND PFD SER Y (CNAUF) | $4.37 Billion | 11.86% | 2.07x | $137.52K |
| Central Parking Finance Trust PFD TR CV SECS (CRLKP) | $181.00 Million | -95.58% | 5.28x | $220.55K |