CGE Energy Inc
CGE Energy Inc. develops and operates long-term energy projects for commercial, municipal, nonprofit, and international customers. The company installs LED lighting products and solar PVs; develops, designs, and constructs solar PV projects; and designs WIND"e20 vertical-axis wind turbines. The company was founded in 1989 and is based in Brighton, Michigan.
CGE Energy Inc (CGEI) - Net Assets
Latest net assets as of September 2019: $3.75 Million USD
Based on the latest financial reports, CGE Energy Inc (CGEI) has net assets worth $3.75 Million USD as of September 2019.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($11.04 Million) and total liabilities ($7.29 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 | $3.75 Million |
| % of Total Assets | 33.93% |
| Annual Growth Rate | N/A |
| 5-Year Change | -16.02% |
| 10-Year Change | N/A |
| Growth Volatility | 105.91 |
CGE Energy Inc - Net Assets Trend (2004–2021)
This chart illustrates how CGE Energy 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 CGE Energy Inc (2004–2021)
The table below shows the annual net assets of CGE Energy Inc from 2004 to 2021.
| Year | Net Assets | Change |
|---|---|---|
| 2021-09-30 | $12.55 Million | +214.77% |
| 2020-09-30 | $3.99 Million | +6.40% |
| 2019-09-30 | $3.75 Million | -17.85% |
| 2018-09-30 | $4.56 Million | -69.48% |
| 2017-09-30 | $14.94 Million | -74.09% |
| 2014-09-30 | $57.67 Million | +1064.86% |
| 2005-09-30 | $-5.98 Million | -88.77% |
| 2004-09-30 | $-3.17 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to CGE Energy 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 1117687600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2021)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $975.00 | 0.01% |
| Other Comprehensive Income | $46.75 Million | 372.54% |
| Total Equity | $12.55 Million | 100.00% |
CGE Energy Inc Competitors by Market Cap
The table below lists competitors of CGE Energy Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Harvest Fund Management - Jingdong Warehouse Logistic Fund
SHG:508098
|
$4.36K |
|
HBPCD
PINK:HBPCD
|
$4.36K |
|
Stonepath Group Inc
PINK:SGRZ
|
$4.36K |
|
Systems Limited
KAR:SYS
|
$4.37K |
|
Khanh Hoa Power JSC
VN:KHP
|
$4.36K |
|
COBA
OTCGREY:COBA
|
$4.36K |
|
General Steel Holdings Inc
PINK:GSIH
|
$4.35K |
|
Educational Book JSC
VN:EBS
|
$4.35K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CGE Energy Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2021, total equity changed from 3,986,376 to 12,547,982, a change of 8,561,606 (214.8%).
- Net income of 52,173 contributed positively to equity growth.
- Other comprehensive income increased equity by 8,500,000.
Equity Change Factors (2020 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $52.17K | +0.42% |
| Other Comprehensive Income | $8.50 Million | +67.74% |
| Other Changes | $9.43K | +0.08% |
| Total Change | $- | 214.77% |
Book Value vs Market Value Analysis
This analysis compares CGE Energy 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: 0.00x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-09-30 | $0.04 | $0.00 | x |
| 2020-09-30 | $0.04 | $0.00 | x |
| 2021-09-30 | $0.13 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CGE Energy 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): 0.42%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.33%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 1.51x
- Recent ROE (0.42%) is below the historical average (17.57%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 0.00% | 0.00% | 0.00x | 0.00x | $-3.13 Million |
| 2005 | 0.00% | 0.00% | 0.00x | 0.00x | $-5.16 Million |
| 2014 | 0.13% | 2.15% | 0.06x | 1.10x | $-5.69 Million |
| 2017 | 14.35% | 22.91% | 0.38x | 1.65x | $650.33K |
| 2018 | 76.58% | 49.71% | 0.36x | 4.33x | $3.04 Million |
| 2019 | 35.13% | 35.05% | 0.34x | 2.95x | $941.60K |
| 2020 | 13.97% | 23.43% | 0.25x | 2.36x | $158.19K |
| 2021 | 0.42% | 2.33% | 0.12x | 1.51x | $-1.20 Million |
Industry Comparison
This section compares CGE Energy Inc'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 |
|---|---|---|---|---|
| CGE Energy Inc (CGEI) | $3.75 Million | 0.00% | 1.95x | $4.36K |
| 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 |