Commerce Energy Group Inc
Commerce Energy Group Inc. through its subsidiaries provides electric power and natural gas to residential, commercial, industrial and institutional customers in California, Pennsylvania, Michigan, Maryland, New Jersey, Texas, Florida, Georgia, Nevada, and Ohio. The company was founded in 1997 and is based in Costa Mesa, California.
Commerce Energy Group Inc (CMNR) - Net Assets
Latest net assets as of April 2009: $98.00K USD
Based on the latest financial reports, Commerce Energy Group Inc (CMNR) has net assets worth $98.00K USD as of April 2009.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($225.00K) and total liabilities ($127.00K). 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 | $98.00K |
| % of Total Assets | 43.56% |
| Annual Growth Rate | 6.42% |
| 5-Year Change | -46.2% |
| 10-Year Change | N/A |
| Growth Volatility | 88.56 |
Commerce Energy Group Inc - Net Assets Trend (2000–2008)
This chart illustrates how Commerce Energy Group 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 Commerce Energy Group Inc (2000–2008)
The table below shows the annual net assets of Commerce Energy Group Inc from 2000 to 2008.
| Year | Net Assets | Change |
|---|---|---|
| 2008-07-31 | $39.87 Million | -43.46% |
| 2007-07-31 | $70.52 Million | +6.31% |
| 2006-07-31 | $66.33 Million | -5.32% |
| 2005-07-31 | $70.06 Million | -5.46% |
| 2004-07-31 | $74.11 Million | -20.84% |
| 2003-07-31 | $93.62 Million | +6.44% |
| 2002-07-31 | $87.95 Million | +2.23% |
| 2001-07-31 | $86.04 Million | +255.00% |
| 2000-07-31 | $24.24 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Commerce Energy Group 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 2105100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (July 2008)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $61.92 Million | 155.29% |
| Other Comprehensive Income | $-996.00K | -2.50% |
| Total Equity | $39.87 Million | 100.00% |
Commerce Energy Group Inc Competitors by Market Cap
The table below lists competitors of Commerce Energy Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rainmaker Systems
PINK:VCTL
|
$0.94 |
|
Entertainment Arts Research Inc
PINK:EARI
|
$0.94 |
|
Supernova Energy Inc
PINK:SPRN
|
$0.94 |
|
Rightsmile Inc.
PINK:RIGH
|
$0.94 |
|
Paradigm Oil And Gas
PINK:PDGO
|
$0.93 |
|
Jupiter Marine International Holdings Inc
PINK:JMIH
|
$0.93 |
|
APT Moto Vox Group Inc
PINK:MTVX
|
$0.93 |
|
Sphere Resources Inc
PINK:SPHUF
|
$0.93 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Commerce Energy Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2007 to 2008, total equity changed from 70,520,000 to 39,872,000, a change of -30,648,000 (-43.5%).
- Net loss of 31,795,000 reduced equity.
- Share repurchases of 209,000 reduced equity.
- Other comprehensive income decreased equity by 173,000.
- Other factors increased equity by 1,529,000.
Equity Change Factors (2007 to 2008)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-31.80 Million | -79.74% |
| Share Repurchases | $209.00K | -0.52% |
| Other Comprehensive Income | $-173.00K | -0.43% |
| Other Changes | $1.53 Million | +3.83% |
| Total Change | $- | -43.46% |
Book Value vs Market Value Analysis
This analysis compares Commerce Energy Group 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 |
|---|---|---|---|
| 2000-07-31 | $0.84 | $0.00 | x |
| 2001-07-31 | $2.52 | $0.00 | x |
| 2002-07-31 | $3.20 | $0.00 | x |
| 2003-07-31 | $3.09 | $0.00 | x |
| 2004-07-31 | $2.62 | $0.00 | x |
| 2005-07-31 | $2.26 | $0.00 | x |
| 2006-07-31 | $2.18 | $0.00 | x |
| 2007-07-31 | $2.35 | $0.00 | x |
| 2008-07-31 | $1.30 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Commerce Energy Group 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): -79.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.91%
- • Asset Turnover: 3.77x
- • Equity Multiplier: 3.06x
- Recent ROE (-79.74%) is below the historical average (-7.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | -35.67% | -8.68% | 2.81x | 1.46x | $-11.07 Million |
| 2001 | 70.35% | 33.03% | 1.71x | 1.24x | $51.93 Million |
| 2002 | 5.87% | 4.38% | 1.16x | 1.15x | $-3.63 Million |
| 2003 | 5.83% | 3.28% | 1.32x | 1.35x | $-3.88 Million |
| 2004 | -29.31% | -10.31% | 1.90x | 1.50x | $-29.13 Million |
| 2005 | -8.73% | -2.41% | 2.47x | 1.46x | $-13.12 Million |
| 2006 | -3.38% | -0.91% | 2.49x | 1.49x | $-8.87 Million |
| 2007 | 7.84% | 1.49% | 3.19x | 1.65x | $-1.52 Million |
| 2008 | -79.74% | -6.91% | 3.77x | 3.06x | $-35.78 Million |
Industry Comparison
This section compares Commerce Energy Group Inc's net assets metrics with peer companies in the Utilities - Diversified industry.
Industry Context
- Industry: Utilities - Diversified
- Average net assets among peers: $4,861,221,520
- Average return on equity (ROE) among peers: 6.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Commerce Energy Group Inc (CMNR) | $98.00K | -35.67% | 1.30x | $0.94 |
| ACEA S.p.A (ACEJF) | $1.90 Billion | 14.24% | 3.29x | $780.10 Million |
| Atco Ltd (ACLLF) | $2.57 Billion | 6.35% | 1.49x | $2.59 Billion |
| A2A S.p.A (AEMMF) | $3.52 Billion | 9.76% | 1.93x | $4.51 Billion |
| The AES Corporation (AES) | $10.41 Billion | -0.53% | 2.89x | $10.06 Billion |
| Allete Inc (ALE) | $673.20 Million | 11.48% | 1.28x | $3.93 Billion |
| Algonquin Power & Utilities Corp (AQN) | $1.41 Billion | 1.04% | 0.98x | $4.08 Billion |
| Avista Corporation (AVA) | $1.53 Billion | 8.06% | 2.21x | $3.23 Billion |
| Brookfield Infrastructure Partners LP (BIP) | $14.67 Billion | 1.31% | 1.49x | $16.66 Billion |
| Canadian Utilities Limited (CUTLF) | $7.07 Billion | 8.94% | 2.11x | $4.62 Billion |