SolarBank Corporation Common Stock
SolarBank Corporation operates as an independent renewable and clean energy project developer, power producer, and asset operator in Canada and the United States. It focuses on solar photovoltaic power generation projects, battery energy storage systems, and EV-charging projects. The company provides expertise in the areas of site origination, utility grid interconnection, permitting, financing, … Read more
SolarBank Corporation Common Stock (SUUN) - Net Assets
Latest net assets as of March 2025: $66.75 Million USD
Based on the latest financial reports, SolarBank Corporation Common Stock (SUUN) has net assets worth $66.75 Million USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($193.97 Million) and total liabilities ($127.22 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 | $66.75 Million |
| % of Total Assets | 34.41% |
| Annual Growth Rate | 105.44% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 130.97 |
SolarBank Corporation Common Stock - Net Assets Trend (2021–2023)
This chart illustrates how SolarBank Corporation Common Stock's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SolarBank Corporation Common Stock (2021–2023)
The table below shows the annual net assets of SolarBank Corporation Common Stock from 2021 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $18.72 Million | +12.59% |
| 2022-12-31 | $16.63 Million | +274.52% |
| 2021-12-31 | $4.44 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SolarBank Corporation Common Stock'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 27.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.18 Million | 19.43% |
| Other Components | $13.18 Million | 80.57% |
| Total Equity | $16.36 Million | 100.00% |
SolarBank Corporation Common Stock Competitors by Market Cap
The table below lists competitors of SolarBank Corporation Common Stock ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yunsa Yunlu Sanayi ve Ticaret AS
IS:YUNSA
|
$48.06 Million |
|
OPC Pharmaceutical JSC
VN:OPC
|
$48.06 Million |
|
Trident Resources Corp.
F:6BP0
|
$48.06 Million |
|
Frontier Digital Ventures Ltd
AU:FDV
|
$48.09 Million |
|
Seoho Electric Co.Ltd
KQ:065710
|
$48.02 Million |
|
Shindaeyang Pa
KO:016590
|
$48.01 Million |
|
GBMCF
OTCQB:GBMCF
|
$48.00 Million |
|
SysJust Co., Ltd.
TWO:3158
|
$48.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SolarBank Corporation Common Stock's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 16,392,791 to 16,363,368, a change of -29,423 (-0.2%).
- Net loss of 3,473,737 reduced equity.
- New share issuances of 104,159 increased equity.
- Other factors increased equity by 3,340,155.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.47 Million | -21.23% |
| Share Issuances | $104.16K | +0.64% |
| Other Changes | $3.34 Million | +20.41% |
| Total Change | $- | -0.18% |
Book Value vs Market Value Analysis
This analysis compares SolarBank Corporation Common Stock'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: 3.99x
- 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 14.21x to 3.99x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $0.17 | $2.40 | x |
| 2022-12-31 | $0.61 | $2.40 | x |
| 2023-12-31 | $0.60 | $2.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SolarBank Corporation Common Stock 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): -21.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.95%
- • Asset Turnover: 1.49x
- • Equity Multiplier: 2.40x
- Recent ROE (-21.23%) is below the historical average (-3.92%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -4.20% | -1.85% | 1.11x | 2.05x | $-636.93K |
| 2022 | 13.68% | 12.19% | 0.74x | 1.52x | $602.71K |
| 2023 | -21.23% | -5.95% | 1.49x | 2.40x | $-5.11 Million |
Industry Comparison
This section compares SolarBank Corporation Common Stock'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 |
|---|---|---|---|---|
| SolarBank Corporation Common Stock (SUUN) | $66.75 Million | -4.20% | 1.91x | $48.03 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 |