Caribbean Utilities Company Ltd
Caribbean Utilities Company, Ltd. engages in the generation, transmission, and distribution of electricity in Grand Cayman. The company generates electricity using diesel with 166 megawatts total installed capacity. It also operates nine transformer substations with approximately 475 miles of land-based high voltage transmission and distribution lines and 15 miles of high-voltage submarine cables… Read more
Caribbean Utilities Company Ltd (CUPUF) - Net Assets
Latest net assets as of September 2025: $407.25 Million USD
Based on the latest financial reports, Caribbean Utilities Company Ltd (CUPUF) has net assets worth $407.25 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($876.12 Million) and total liabilities ($468.87 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 | $407.25 Million |
| % of Total Assets | 46.48% |
| Annual Growth Rate | 5.19% |
| 5-Year Change | 35.88% |
| 10-Year Change | 83.4% |
| Growth Volatility | 6.83 |
Caribbean Utilities Company Ltd - Net Assets Trend (1999–2024)
This chart illustrates how Caribbean Utilities Company Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Caribbean Utilities Company Ltd (1999–2024)
The table below shows the annual net assets of Caribbean Utilities Company Ltd from 1999 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $393.37 Million | +21.13% |
| 2023-12-31 | $324.74 Million | +5.36% |
| 2022-12-31 | $308.23 Million | +3.48% |
| 2021-12-31 | $297.88 Million | +2.89% |
| 2020-12-31 | $289.50 Million | +21.67% |
| 2019-12-31 | $237.94 Million | +3.28% |
| 2018-12-31 | $230.38 Million | +2.66% |
| 2017-12-31 | $224.42 Million | +1.95% |
| 2016-12-31 | $220.12 Million | +2.63% |
| 2015-12-31 | $214.49 Million | +19.27% |
| 2014-12-31 | $179.84 Million | +0.87% |
| 2013-12-31 | $178.29 Million | +2.55% |
| 2012-12-31 | $173.87 Million | -1.23% |
| 2011-12-31 | $176.03 Million | +1.26% |
| 2010-12-31 | $173.84 Million | +1.10% |
| 2009-12-31 | $171.94 Million | +1.15% |
| 2008-12-31 | $169.99 Million | +19.32% |
| 2007-12-31 | $142.47 Million | +5.26% |
| 2006-12-31 | $135.35 Million | +1.22% |
| 2005-12-31 | $133.72 Million | +6.36% |
| 2004-12-31 | $125.72 Million | -0.57% |
| 2003-12-31 | $126.44 Million | +5.01% |
| 2002-12-31 | $120.42 Million | +1.81% |
| 2001-12-31 | $118.28 Million | -0.09% |
| 2000-12-31 | $118.39 Million | +6.59% |
| 1999-12-31 | $111.07 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Caribbean Utilities Company Ltd'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 grown by 1543.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $141.21 Million | 35.90% |
| Common Stock | $2.51 Million | 0.64% |
| Other Comprehensive Income | $330.00K | 0.08% |
| Other Components | $249.32 Million | 63.38% |
| Total Equity | $393.37 Million | 100.00% |
Caribbean Utilities Company Ltd Competitors by Market Cap
The table below lists competitors of Caribbean Utilities Company Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BELLUNA CO. LTD
F:73L
|
$224.84 Million |
|
Lungteh Shipbldg Co Ltd
TW:6753
|
$224.84 Million |
|
Larimar Therapeutics Inc
NASDAQ:LRMR
|
$224.89 Million |
|
Hutchison Telecommunications Hong Kong Holdings Limited
F:4C6
|
$224.90 Million |
|
Max Estates Limited
NSE:MAXESTATES
|
$224.60 Million |
|
Borussia Dortmund GmbH & Co KGaA
XETRA:BVB
|
$224.49 Million |
|
Reysas Tasimacilik ve Lojistik Ticaret A.S
PINK:RYSKF
|
$224.45 Million |
|
OVH Groupe S.A
PINK:OVHFF
|
$224.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Caribbean Utilities Company Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 324,742,000 to 393,374,000, a change of 68,632,000 (21.1%).
- Net income of 42,687,000 contributed positively to equity growth.
- Dividend payments of 27,358,000 reduced retained earnings.
- New share issuances of 52,113,000 increased equity.
- Other comprehensive income increased equity by 654,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $42.69 Million | +10.85% |
| Dividends Paid | $27.36 Million | -6.95% |
| Share Issuances | $52.11 Million | +13.25% |
| Other Comprehensive Income | $654.00K | +0.17% |
| Other Changes | $536.00K | +0.14% |
| Total Change | $- | 21.13% |
Book Value vs Market Value Analysis
This analysis compares Caribbean Utilities Company Ltd'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: 1.31x
- 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 2.83x to 1.31x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | $4.71 | $13.34 | x |
| 2000-12-31 | $4.92 | $13.34 | x |
| 2001-12-31 | $4.75 | $13.34 | x |
| 2002-12-31 | $4.90 | $13.34 | x |
| 2003-12-31 | $5.04 | $13.34 | x |
| 2004-12-31 | $4.98 | $13.34 | x |
| 2005-12-31 | $5.23 | $13.34 | x |
| 2006-12-31 | $5.28 | $13.34 | x |
| 2007-12-31 | $5.52 | $13.34 | x |
| 2009-12-31 | $6.03 | $13.34 | x |
| 2010-12-31 | $6.05 | $13.34 | x |
| 2011-12-31 | $6.09 | $13.34 | x |
| 2012-12-31 | $5.98 | $13.34 | x |
| 2013-12-31 | $6.09 | $13.34 | x |
| 2014-12-31 | $6.13 | $13.34 | x |
| 2015-12-31 | $6.85 | $13.34 | x |
| 2016-12-31 | $6.72 | $13.34 | x |
| 2017-12-31 | $6.79 | $13.34 | x |
| 2018-12-31 | $6.91 | $13.34 | x |
| 2019-12-31 | $7.14 | $13.34 | x |
| 2020-12-31 | $8.48 | $13.34 | x |
| 2021-12-31 | $8.01 | $13.34 | x |
| 2022-12-31 | $9.03 | $13.34 | x |
| 2023-12-31 | $8.60 | $13.34 | x |
| 2024-12-31 | $10.15 | $13.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Caribbean Utilities Company Ltd 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): 10.85%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.54%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 2.16x
- Recent ROE (10.85%) is below the historical average (11.85%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 16.23% | 23.57% | 0.37x | 1.86x | $6.92 Million |
| 2000 | 16.31% | 21.43% | 0.40x | 1.91x | $7.47 Million |
| 2001 | 16.30% | 21.39% | 0.37x | 2.08x | $7.45 Million |
| 2002 | 16.77% | 20.83% | 0.35x | 2.28x | $8.15 Million |
| 2003 | 15.81% | 18.74% | 0.37x | 2.26x | $7.34 Million |
| 2004 | 3.36% | 4.55% | 0.32x | 2.31x | $-8.35 Million |
| 2005 | 17.09% | 16.85% | 0.43x | 2.34x | $9.49 Million |
| 2006 | 13.63% | 11.62% | 0.48x | 2.43x | $4.92 Million |
| 2007 | 16.68% | 13.50% | 0.48x | 2.58x | $9.51 Million |
| 2008 | 10.01% | 8.74% | 0.52x | 2.20x | $11.60K |
| 2009 | 11.64% | 12.60% | 0.40x | 2.32x | $2.82 Million |
| 2010 | 11.44% | 11.04% | 0.45x | 2.29x | $2.49 Million |
| 2011 | 11.58% | 9.35% | 0.52x | 2.40x | $2.79 Million |
| 2012 | 10.18% | 7.91% | 0.51x | 2.50x | $304.40K |
| 2013 | 11.45% | 9.03% | 0.52x | 2.44x | $2.59 Million |
| 2014 | 11.57% | 8.98% | 0.50x | 2.59x | $2.83 Million |
| 2015 | 10.65% | 12.09% | 0.39x | 2.25x | $1.39 Million |
| 2016 | 11.45% | 15.59% | 0.32x | 2.32x | $3.20 Million |
| 2017 | 10.59% | 13.91% | 0.32x | 2.37x | $1.33 Million |
| 2018 | 11.62% | 13.76% | 0.35x | 2.44x | $3.73 Million |
| 2019 | 7.40% | 8.67% | 0.34x | 2.52x | $-6.18 Million |
| 2020 | 5.36% | 8.74% | 0.28x | 2.19x | $-13.44 Million |
| 2021 | 7.45% | 11.18% | 0.31x | 2.13x | $-7.60 Million |
| 2022 | 10.76% | 12.41% | 0.37x | 2.36x | $2.36 Million |
| 2023 | 11.90% | 13.46% | 0.37x | 2.40x | $6.19 Million |
| 2024 | 10.85% | 14.54% | 0.35x | 2.16x | $3.35 Million |
Industry Comparison
This section compares Caribbean Utilities Company Ltd's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $21,929,276,444
- Average return on equity (ROE) among peers: 8.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Caribbean Utilities Company Ltd (CUPUF) | $407.25 Million | 16.23% | 1.15x | $224.77 Million |
| Aboitiz Equity Ventures Inc (ABOIF) | $21.34 Billion | 14.80% | 0.79x | $1.55 Billion |
| Ameren Corp (AEE) | $4.55 Billion | 11.50% | 2.12x | $30.51 Billion |
| American Electric Power Co Inc (AEP) | $26.99 Billion | 10.99% | 2.82x | $71.56 Billion |
| Avangrid Inc (AGR) | $500.50 Million | 10.07% | 2.97x | $2.56 Billion |
| Central Puerto S.A. (CEPU) | $4.66 Billion | 28.55% | 1.05x | $2.49 Billion |
| CLP Holdings Ltd (CLPHY) | $125.97 Billion | 9.20% | 0.86x | $14.34 Billion |
| CMS Energy Corporation (CMS) | $2.46 Billion | 11.28% | 5.30x | $23.53 Billion |
| CenterPoint Energy Inc (CNP) | $8.35 Billion | -9.26% | 3.01x | $27.76 Billion |
| The Connecticut Light and Power Company (CNTHP) | $2.55 Billion | -9.96% | 3.94x | $506.99K |