Altius Renewable Royalties Corp
Altius Renewable Royalties Corp., a renewable energy royalty company, engages in the acquisition and management of renewable energy investments and royalties in North America. The company holds interests in a portfolio of 2,068 MW of operational wind, solar, and hydroelectric projects located in Texas, Kansas, California, and Vermont. It also holds royalty interests related to a portfolio of appr… Read more
Altius Renewable Royalties Corp (ATRWF) - Net Assets
Latest net assets as of June 2024: $207.26 Million USD
Based on the latest financial reports, Altius Renewable Royalties Corp (ATRWF) has net assets worth $207.26 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($217.16 Million) and total liabilities ($9.90 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 | $207.26 Million |
| % of Total Assets | 95.44% |
| Annual Growth Rate | 1730.97% |
| 5-Year Change | 1299.19% |
| 10-Year Change | N/A |
| Growth Volatility | 5871026.7 |
Altius Renewable Royalties Corp - Net Assets Trend (2018–2023)
This chart illustrates how Altius Renewable Royalties Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Altius Renewable Royalties Corp (2018–2023)
The table below shows the annual net assets of Altius Renewable Royalties Corp from 2018 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $205.37 Million | +5.29% |
| 2022-12-31 | $195.05 Million | +22.63% |
| 2021-12-31 | $159.06 Million | +126.35% |
| 2020-12-31 | $70.27 Million | +378.74% |
| 2019-12-31 | $14.68 Million | +14677700.00% |
| 2018-12-31 | $100.00 | -- |
Equity Component Analysis
This analysis shows how different components contribute to Altius Renewable Royalties Corp'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 875300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $214.12 Million | 104.26% |
| Total Equity | $205.37 Million | 100.00% |
Altius Renewable Royalties Corp Competitors by Market Cap
The table below lists competitors of Altius Renewable Royalties Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fury Gold Mines Ltd
NYSE MKT:FURY
|
$105.47 Million |
|
Crossject
PA:ALCJ
|
$105.49 Million |
|
Meteoric Resources NL
OTCGREY:METOF
|
$105.49 Million |
|
SMARTOPTICS GRP AS NK-02
F:3YL
|
$105.49 Million |
|
Laxmi Organic Industries Limited
NSE:LXCHEM
|
$105.45 Million |
|
First Ottawa Bancshares Inc
PINK:FOTB
|
$105.43 Million |
|
CONTEXT THERAPEUT.DL-001
F:6K9
|
$105.39 Million |
|
EML Payments Ltd
F:A8Y1
|
$105.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Altius Renewable Royalties Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 195,047,600 to 205,371,000, a change of 10,323,400 (5.3%).
- Net loss of 1,071,000 reduced equity.
- Other factors increased equity by 11,394,400.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.07 Million | -0.52% |
| Other Changes | $11.39 Million | +5.55% |
| Total Change | $- | 5.29% |
Book Value vs Market Value Analysis
This analysis compares Altius Renewable Royalties Corp'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: 1.27x
- 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 1412496.22x to 1.27x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $0.00 | $8.45 | x |
| 2019-12-31 | $0.88 | $8.45 | x |
| 2020-12-31 | $4.20 | $8.45 | x |
| 2021-12-31 | $6.00 | $8.45 | x |
| 2022-12-31 | $6.34 | $8.45 | x |
| 2023-12-31 | $6.67 | $8.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Altius Renewable Royalties Corp 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): -0.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -40.19%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.05x
- Recent ROE (-0.52%) is above the historical average (-3.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -10.29% | -634.83% | 0.02x | 1.02x | $-2.98 Million |
| 2020 | -2.81% | -1090.18% | 0.00x | 1.02x | $-9.00 Million |
| 2021 | -2.15% | -4185.78% | 0.00x | 1.04x | $-19.32 Million |
| 2022 | -0.40% | -99.78% | 0.00x | 1.03x | $-20.28 Million |
| 2023 | -0.52% | -40.19% | 0.01x | 1.05x | $-21.61 Million |
Industry Comparison
This section compares Altius Renewable Royalties Corp's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $1,158,994,745
- Average return on equity (ROE) among peers: -78.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Altius Renewable Royalties Corp (ATRWF) | $207.26 Million | -10.29% | 0.05x | $105.47 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 |
| Atlantic Wind & Solar Inc (AWSL) | $-2.66 Million | 0.00% | 0.00x | $322.80 |