Thermal Energy International Inc
Thermal Energy International Inc. engages in the development, engineering, and supply of pollution control, heat recovery systems, and condensate return solutions in North America, Europe, and internationally. The company offers GEM steam traps; FLUACE-ACE heat recovery, a direct contact condensing heat recovery system that recycles the heat lost through the boiler flue gas exhaust; and DRY-REX b… Read more
Thermal Energy International Inc (TMGEF) - Net Assets
Latest net assets as of November 2025: $4.41 Million USD
Based on the latest financial reports, Thermal Energy International Inc (TMGEF) has net assets worth $4.41 Million USD as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($14.04 Million) and total liabilities ($9.63 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.41 Million |
| % of Total Assets | 31.43% |
| Annual Growth Rate | N/A |
| 5-Year Change | 20.39% |
| 10-Year Change | 14.86% |
| Growth Volatility | 41.04 |
Thermal Energy International Inc - Net Assets Trend (2008–2025)
This chart illustrates how Thermal Energy International Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Thermal Energy International Inc (2008–2025)
The table below shows the annual net assets of Thermal Energy International Inc from 2008 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-05-31 | $3.57 Million | +4.22% |
| 2024-05-31 | $3.42 Million | +77.97% |
| 2023-05-31 | $1.92 Million | +84.28% |
| 2022-05-31 | $1.04 Million | -64.78% |
| 2021-05-31 | $2.96 Million | +47.68% |
| 2020-05-31 | $2.01 Million | -48.48% |
| 2019-05-31 | $3.89 Million | -5.13% |
| 2018-05-31 | $4.11 Million | +16.99% |
| 2017-05-31 | $3.51 Million | +13.00% |
| 2016-05-31 | $3.11 Million | +13.59% |
| 2015-05-31 | $2.73 Million | -38.00% |
| 2014-05-31 | $4.41 Million | +19.72% |
| 2013-05-31 | $3.68 Million | -42.02% |
| 2012-05-31 | $6.35 Million | -3.92% |
| 2011-05-31 | $6.61 Million | -6.30% |
| 2010-05-31 | $7.06 Million | -26.79% |
| 2009-05-31 | $9.64 Million | +12323.00% |
| 2008-05-31 | $-78.87K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thermal Energy International 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 3466073300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (May 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $38.23 Million | 1070.77% |
| Total Equity | $3.57 Million | 100.00% |
Thermal Energy International Inc Competitors by Market Cap
The table below lists competitors of Thermal Energy International Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ruanyun Edai Technology Inc. Ordinary shares
NASDAQ:RYET
|
$13.75 Million |
|
QUEST RESOUR.HLDG DL-001
F:5ZK
|
$13.75 Million |
|
BuzzFeed Inc
NASDAQ:BZFD
|
$13.76 Million |
|
Fractal Gaming Group AB
ST:FRACTL
|
$13.76 Million |
|
Fade Gida Yatirim Sanayi Ticaret As
IS:FADE
|
$13.74 Million |
|
Foraj Sonde SA Videle
RO:FOJE
|
$13.74 Million |
|
HT Media Limited
NSE:HTMEDIA
|
$13.74 Million |
|
Starr Peak Exploration Ltd
OTCQX:STRPF
|
$13.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thermal Energy International Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,462,315 to 3,570,419, a change of 108,104 (3.1%).
- Net income of 73,166 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $73.17K | +2.05% |
| Other Changes | $34.94K | +0.98% |
| Total Change | $- | 3.12% |
Book Value vs Market Value Analysis
This analysis compares Thermal Energy International 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: 4.32x
- 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 increased from 4.02x to 4.32x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-05-31 | $0.02 | $0.09 | x |
| 2018-05-31 | $0.03 | $0.09 | x |
| 2019-05-31 | $0.02 | $0.09 | x |
| 2020-05-31 | $0.01 | $0.09 | x |
| 2021-05-31 | $0.02 | $0.09 | x |
| 2022-05-31 | $0.01 | $0.09 | x |
| 2023-05-31 | $0.01 | $0.09 | x |
| 2024-05-31 | $0.02 | $0.09 | x |
| 2025-05-31 | $0.02 | $0.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thermal Energy International 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): 2.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.25%
- • Asset Turnover: 2.49x
- • Equity Multiplier: 3.35x
- Recent ROE (2.05%) is above the historical average (-13.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 0.00% | 0.00% | 1.33x | 0.00x | $0.00 |
| 2009 | 0.00% | 0.00% | 0.32x | 1.19x | $-964.62K |
| 2010 | 0.00% | 0.00% | 0.61x | 1.29x | $-705.67K |
| 2011 | 0.00% | 0.00% | 1.12x | 1.37x | $-656.38K |
| 2012 | 1.55% | 0.77% | 1.32x | 1.53x | $-534.55K |
| 2013 | 0.00% | 0.00% | 1.36x | 1.58x | $-367.80K |
| 2014 | 13.10% | 4.77% | 1.77x | 1.56x | $135.96K |
| 2015 | -79.05% | -31.64% | 1.15x | 2.17x | $-2.42 Million |
| 2016 | 8.22% | 2.05% | 2.07x | 1.94x | $-54.95K |
| 2017 | 11.76% | 3.14% | 1.57x | 2.37x | $61.99K |
| 2018 | 15.37% | 3.67% | 2.00x | 2.09x | $223.35K |
| 2019 | -10.67% | -2.01% | 1.62x | 3.28x | $-821.80K |
| 2020 | -90.29% | -8.86% | 2.05x | 4.97x | $-2.11 Million |
| 2021 | 6.51% | 1.29% | 1.33x | 3.80x | $-106.10K |
| 2022 | -178.46% | -12.07% | 1.66x | 8.92x | $-2.03 Million |
| 2023 | 36.46% | 3.40% | 1.56x | 6.86x | $521.02K |
| 2024 | 26.85% | 3.59% | 1.54x | 4.85x | $583.27K |
| 2025 | 2.05% | 0.25% | 2.49x | 3.35x | $-283.88K |
Industry Comparison
This section compares Thermal Energy International Inc's net assets metrics with peer companies in the Pollution & Treatment Controls industry.
Industry Context
- Industry: Pollution & Treatment Controls
- Average net assets among peers: $116,251,589
- Average return on equity (ROE) among peers: -23.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thermal Energy International Inc (TMGEF) | $4.41 Million | 0.00% | 2.18x | $13.75 Million |
| Aduro Clean Technologies Inc. Common Stock (ADUR) | $2.39 Million | -212.16% | 0.35x | $109.58 Million |
| Aker Carbon Capture ASA (AKCCF) | $1.08 Billion | -17.93% | 0.50x | $8.31 Million |
| K.B. Recycling Industries Ltd (AKMYF) | $4.66 Million | -143.64% | 1.06x | $1.84 Million |
| Amanasu Environment Corporation (AMSU) | $319.63K | -23.90% | 0.30x | $1.65K |
| Arq Inc (ARQ) | $76.17 Million | 126.79% | 0.41x | $61.67 Million |
| Active Energy Group PLC (ATGVF) | $-6.72 Million | 0.00% | 0.00x | $85.59K |
| Atmofizer Technologies Inc (ATMFF) | $16.71 Million | 6.09% | 0.23x | $527.96K |
| Birchtech Corp. (BCHT) | $-13.20 Million | 0.00% | 0.00x | $35.09 Million |
| BIOREM Inc (BIRMF) | $6.72 Million | 32.43% | 2.58x | $24.28 Million |
| Bion Environmental Technologies Inc (BNET) | $-802.00K | 0.00% | 0.00x | $3.71 Million |