New England Power Company PFD 6%
New England Power Company operates electric transmission facilities in Massachusetts, New Hampshire, Rhode Island, Maine, and Vermont. The company is based in Waltham, Massachusetts. New England Power Company operates as a subsidiary of National Grid USA.
New England Power Company PFD 6% (NEWEN) - Net Assets
Latest net assets as of June 2005: $1.12 Billion USD
Based on the latest financial reports, New England Power Company PFD 6% (NEWEN) has net assets worth $1.12 Billion USD as of June 2005.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.97 Billion) and total liabilities ($1.85 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 | $1.12 Billion |
| % of Total Assets | 37.69% |
| Annual Growth Rate | 4.01% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 4.56 |
New England Power Company PFD 6% - Net Assets Trend (2003–2005)
This chart illustrates how New England Power Company PFD 6%'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for New England Power Company PFD 6% (2003–2005)
The table below shows the annual net assets of New England Power Company PFD 6% from 2003 to 2005.
| Year | Net Assets | Change |
|---|---|---|
| 2005-03-31 | $1.10 Billion | +8.67% |
| 2004-03-31 | $1.02 Billion | -0.45% |
| 2003-03-31 | $1.02 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to New England Power Company PFD 6%'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 38.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2005)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $297.51 Million | 26.97% |
| Common Stock | $72.40 Million | 6.56% |
| Other Components | $733.17 Million | 66.47% |
| Total Equity | $1.10 Billion | 100.00% |
New England Power Company PFD 6% Competitors by Market Cap
The table below lists competitors of New England Power Company PFD 6% ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CYBHF
PINK:CYBHF
|
$1.18 Million |
|
HAWKINS
BE:HWK
|
$1.18 Million |
|
Downing Four AIM Shs
LSE:D4A
|
$1.18 Million |
|
Redstone Resources Ltd
AU:RDS
|
$1.18 Million |
|
Cullen Resources Ltd
AU:CUL
|
$1.18 Million |
|
D R HORTON (HO2.SG)
STU:HO2
|
$1.18 Million |
|
Solo Brands Inc
NYSE:DTC
|
$1.18 Million |
|
Modern Plant Based Foods Inc
PINK:MDRNF
|
$1.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in New England Power Company PFD 6%'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2004 to 2005, total equity changed from 1,015,052,000 to 1,103,077,000, a change of 88,025,000 (8.7%).
- Net income of 76,808,000 contributed positively to equity growth.
- Dividend payments of 74,000 reduced retained earnings.
- Share repurchases of 162,000 reduced equity.
- Other factors increased equity by 11,453,000.
Equity Change Factors (2004 to 2005)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $76.81 Million | +6.96% |
| Dividends Paid | $74.00K | -0.01% |
| Share Repurchases | $162.00K | -0.01% |
| Other Changes | $11.45 Million | +1.04% |
| Total Change | $- | 8.67% |
Book Value vs Market Value Analysis
This analysis compares New England Power Company PFD 6%'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.
Insufficient data available to analyze book value vs market value.
Capital Efficiency Dashboard
This dashboard shows how efficiently New England Power Company PFD 6% 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): 6.96%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.76%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 2.43x
- Recent ROE (6.96%) is below the historical average (7.23%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 7.59% | 15.06% | 0.18x | 2.86x | $-24.53 Million |
| 2004 | 7.14% | 15.83% | 0.17x | 2.72x | $-29.02 Million |
| 2005 | 6.96% | 16.76% | 0.17x | 2.43x | $-33.50 Million |
Industry Comparison
This section compares New England Power Company PFD 6%'s net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $21,282,152,580
- Average return on equity (ROE) among peers: 31.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| New England Power Company PFD 6% (NEWEN) | $1.12 Billion | 7.59% | 1.65x | $1.18 Million |
| Arçelik Anonim Sirketi (ACKAF) | $59.56 Billion | 12.87% | 3.33x | $19.95K |
| Argo Group US Inc. 6.5% SR NTS 42 (ARGD) | $1.23 Billion | -15.51% | 0.05x | $232.01K |
| American Crystal Sugar Company PFD REST NON DIV (ASCS) | $316.55 Million | 254.25% | 1.77x | $54.72 Million |
| Autobacs Seven Co. Ltd (ATBSF) | $127.35 Billion | 4.24% | 0.47x | $167.34K |
| Brookfield Asset Management Inc FR PRF PERPETUAL CAD 25 Ser 2 Cls A (BKFAF) | $11.77 Billion | 6.69% | 3.72x | $76.46K |
| Bristol-Myers Squibb Company PFD CONV 2 (BMYMP) | $5.08 Billion | 14.69% | 0.67x | $9.45 Million |
| BOL Bancshares Inc. PFD (BOLBP) | $11.94 Million | 0.62% | 6.68x | $0.91 |
| NYSE LISTED TEST STOCK FOR CTS AND CQS (CBO) | $3.36 Billion | 11.17% | 0.52x | $237.68K |
| Canadian Utilities Limited 2ND PFD SER Y (CNAUF) | $4.14 Billion | 10.45% | 1.28x | $142.90K |
| Central Parking Finance Trust PFD TR CV SECS (CRLKP) | $374.10 | 13.04% | 2.96x | $224.78K |