Innergex Renewable Energy Inc.
Innergex Renewable Energy Inc. operates as an independent renewable power producer in Canada, the United States, France, and Chile. It operates through three segments: Hydroelectric, Wind, and Solar and Storage. The company acquires, owns, develops, and operates renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. As of February 21, 2… Read more
Innergex Renewable Energy Inc. (INGXF) - Net Assets
Latest net assets as of March 2025: $1.48 Billion USD
Based on the latest financial reports, Innergex Renewable Energy Inc. (INGXF) has net assets worth $1.48 Billion USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($9.56 Billion) and total liabilities ($8.08 Billion). 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 | $1.48 Billion |
| % of Total Assets | 15.49% |
| Annual Growth Rate | 12.2% |
| 5-Year Change | 41.81% |
| 10-Year Change | 222.05% |
| Growth Volatility | 2689.27 |
Innergex Renewable Energy Inc. - Net Assets Trend (2003–2024)
This chart illustrates how Innergex Renewable 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 Innergex Renewable Energy Inc. (2003–2024)
The table below shows the annual net assets of Innergex Renewable Energy Inc. from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.52 Billion | +26.00% |
| 2023-12-31 | $1.21 Billion | -18.91% |
| 2022-12-31 | $1.49 Billion | +9.24% |
| 2021-12-31 | $1.36 Billion | +27.06% |
| 2020-12-31 | $1.07 Billion | +74.04% |
| 2019-12-31 | $615.33 Million | -35.87% |
| 2018-12-31 | $959.56 Million | +113.15% |
| 2017-12-31 | $450.19 Million | -7.22% |
| 2016-12-31 | $485.23 Million | +2.90% |
| 2015-12-31 | $471.56 Million | -16.13% |
| 2014-12-31 | $562.23 Million | -15.57% |
| 2013-12-31 | $665.93 Million | -3.20% |
| 2012-12-31 | $687.93 Million | +18.79% |
| 2011-12-31 | $579.12 Million | +66.73% |
| 2010-12-31 | $347.35 Million | +89.53% |
| 2009-12-31 | $183.27 Million | -8.59% |
| 2008-12-31 | $200.48 Million | -13.04% |
| 2007-12-31 | $230.54 Million | +12639.07% |
| 2006-12-31 | $1.81 Million | -99.10% |
| 2005-12-31 | $202.09 Million | +25.66% |
| 2004-12-31 | $160.82 Million | +18.70% |
| 2003-12-31 | $135.49 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Innergex Renewable 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 178136300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.01 Million | 0.18% |
| Other Comprehensive Income | $200.27 Million | 17.79% |
| Other Components | $2.70 Billion | 240.28% |
| Total Equity | $1.13 Billion | 100.00% |
Innergex Renewable Energy Inc. Competitors by Market Cap
The table below lists competitors of Innergex Renewable Energy Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CNNC Hua Yuan Titanium Dioxide Co Ltd
SHE:002145
|
$1.52 Billion |
|
China Great Wall Securities Co Ltd Class A
SHE:002939
|
$1.52 Billion |
|
Harbour Energy plc
PINK:PMOIF
|
$1.52 Billion |
|
Red Avenue New Materials Group Co Ltd
SHG:603650
|
$1.52 Billion |
|
Hunan TV & Broadcast Intermediary Co Ltd
SHE:000917
|
$1.52 Billion |
|
Hangjin Technology Co Ltd
SHE:000818
|
$1.52 Billion |
|
Jeudan
CO:JDAN
|
$1.52 Billion |
|
Newell Brands Inc.
LSE:0K7J
|
$1.52 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Innergex Renewable Energy Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,086,883,000 to 1,125,638,000, a change of 38,755,000 (3.6%).
- Net income of 15,893,000 contributed positively to equity growth.
- Dividend payments of 96,604,000 reduced retained earnings.
- Share repurchases of 10,220,000 reduced equity.
- Other comprehensive income increased equity by 67,377,000.
- Other factors increased equity by 62,309,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $15.89 Million | +1.41% |
| Dividends Paid | $96.60 Million | -8.58% |
| Share Repurchases | $10.22 Million | -0.91% |
| Other Comprehensive Income | $67.38 Million | +5.99% |
| Other Changes | $62.31 Million | +5.54% |
| Total Change | $- | 3.57% |
Book Value vs Market Value Analysis
This analysis compares Innergex Renewable 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: 1.86x
- 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 7.10x to 1.86x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | $1.33 | $9.45 | x |
| 2007-12-31 | $68.12 | $9.45 | x |
| 2008-12-31 | $8.47 | $9.45 | x |
| 2009-12-31 | $4.27 | $9.45 | x |
| 2010-12-31 | $6.26 | $9.45 | x |
| 2011-12-31 | $6.13 | $9.45 | x |
| 2012-12-31 | $6.69 | $9.45 | x |
| 2013-12-31 | $6.17 | $9.45 | x |
| 2014-12-31 | $5.22 | $9.45 | x |
| 2015-12-31 | $4.38 | $9.45 | x |
| 2016-12-31 | $4.37 | $9.45 | x |
| 2017-12-31 | $3.98 | $9.45 | x |
| 2018-12-31 | $4.81 | $9.45 | x |
| 2019-12-31 | $4.49 | $9.45 | x |
| 2020-12-31 | $5.92 | $9.45 | x |
| 2021-12-31 | $6.04 | $9.45 | x |
| 2022-12-31 | $6.52 | $9.45 | x |
| 2023-12-31 | $5.34 | $9.45 | x |
| 2024-12-31 | $5.08 | $9.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Innergex Renewable 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): 1.41%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.67%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 8.39x
- Recent ROE (1.41%) is above the historical average (-2.26%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 4.89% | 35.52% | 0.09x | 1.47x | $-7.76 Million |
| 2005 | 4.45% | 33.31% | 0.08x | 1.60x | $-10.69 Million |
| 2006 | 9.88% | 2.87% | 1.66x | 2.08x | $-2.21K |
| 2007 | 0.81% | 23.13% | 0.02x | 1.49x | $-21.19 Million |
| 2008 | -17.04% | -578.01% | 0.01x | 2.19x | $-53.81 Million |
| 2009 | -8.36% | -59.78% | 0.06x | 2.43x | $-33.66 Million |
| 2010 | -1.05% | -4.11% | 0.10x | 2.68x | $-38.39 Million |
| 2011 | -8.73% | -27.35% | 0.07x | 4.38x | $-87.02 Million |
| 2012 | 0.24% | 0.78% | 0.08x | 4.00x | $-56.63 Million |
| 2013 | 8.24% | 24.30% | 0.08x | 4.07x | $-10.28 Million |
| 2014 | -10.65% | -22.68% | 0.09x | 5.28x | $-106.33 Million |
| 2015 | -6.74% | -12.27% | 0.08x | 6.96x | $-75.27 Million |
| 2016 | 7.64% | 12.28% | 0.08x | 7.66x | $-11.09 Million |
| 2017 | 6.89% | 7.50% | 0.10x | 9.63x | $-13.52 Million |
| 2018 | 5.19% | 5.67% | 0.09x | 10.29x | $-30.29 Million |
| 2019 | -8.77% | -9.52% | 0.09x | 10.54x | $-113.46 Million |
| 2020 | -2.89% | -4.75% | 0.09x | 7.09x | $-130.00 Million |
| 2021 | -16.96% | -24.81% | 0.10x | 6.77x | $-294.71 Million |
| 2022 | -6.92% | -10.47% | 0.10x | 6.54x | $-222.73 Million |
| 2023 | -9.06% | -10.15% | 0.11x | 8.23x | $-207.14 Million |
| 2024 | 1.41% | 1.67% | 0.10x | 8.39x | $-96.67 Million |
Industry Comparison
This section compares Innergex Renewable 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 |
|---|---|---|---|---|
| Innergex Renewable Energy Inc. (INGXF) | $1.48 Billion | 4.89% | 5.45x | $1.52 Billion |
| 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 |