NSTAR Electric Company PFD 4.25%
NSTAR Electric Company, a regulated electric utility company, engages in the purchase, transmission, delivery, and sale of electricity to residential, commercial, and industrial customers in Massachusetts. As of December 31, 2017, it served approximately 1.4 million customers in Boston, as well as 139 cities and towns in Eastern and Western Massachusetts, including Cape Cod, Martha's Vineyard, an… Read more
NSTAR Electric Company PFD 4.25% (NSARP) - Net Assets
Latest net assets as of September 2024: $-31.57 Trillion USD
Based on the latest financial reports, NSTAR Electric Company PFD 4.25% (NSARP) has net assets worth $-31.57 Trillion USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($17.47 Billion) and total liabilities ($31.59 Trillion). 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 | $-31.57 Trillion |
| % of Total Assets | -180757.18% |
| Annual Growth Rate | 2.63% |
| 5-Year Change | -51.56% |
| 10-Year Change | -38.87% |
| Growth Volatility | 27.8 |
NSTAR Electric Company PFD 4.25% - Net Assets Trend (1994–2023)
This chart illustrates how NSTAR Electric Company PFD 4.25%'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for NSTAR Electric Company PFD 4.25% (1994–2023)
The table below shows the annual net assets of NSTAR Electric Company PFD 4.25% from 1994 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $6.19 Billion | +7.83% |
| 2022-12-31 | $5.74 Billion | +14.51% |
| 2021-12-31 | $5.02 Billion | +9.89% |
| 2020-12-31 | $4.56 Billion | -64.30% |
| 2019-12-31 | $12.79 Billion | +9.82% |
| 2018-12-31 | $11.64 Billion | +3.56% |
| 2017-12-31 | $11.24 Billion | +3.45% |
| 2016-12-31 | $10.87 Billion | +3.42% |
| 2015-12-31 | $10.51 Billion | +3.70% |
| 2014-12-31 | $10.13 Billion | +3.74% |
| 2013-12-31 | $9.77 Billion | +3.99% |
| 2012-12-31 | $9.39 Billion | +133.90% |
| 2011-12-31 | $4.02 Billion | +5.32% |
| 2010-12-31 | $3.81 Billion | +6.56% |
| 2009-12-31 | $3.58 Billion | +14.07% |
| 2008-12-31 | $3.14 Billion | +3.51% |
| 2007-12-31 | $3.03 Billion | +3.97% |
| 2006-12-31 | $2.91 Billion | +14.49% |
| 2005-12-31 | $2.55 Billion | +5.49% |
| 2004-12-31 | $2.41 Billion | +1.37% |
| 2003-12-31 | $2.38 Billion | +2.30% |
| 2002-12-31 | $2.33 Billion | +4.16% |
| 2001-12-31 | $2.23 Billion | -9.55% |
| 2000-12-31 | $2.47 Billion | +1.19% |
| 1999-12-31 | $2.44 Billion | -0.42% |
| 1998-12-31 | $2.45 Billion | -6.06% |
| 1997-12-31 | $2.61 Billion | -6.45% |
| 1996-12-31 | $2.79 Billion | -6.89% |
| 1995-12-31 | $3.00 Billion | +2.62% |
| 1994-12-31 | $2.92 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to NSTAR Electric Company PFD 4.25%'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 437381.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $4.14 Trillion | 66884.90% |
| Common Stock | $1.80 Trillion | 29061.44% |
| Other Comprehensive Income | $-33.74 Billion | -544.72% |
| Total Equity | $6.19 Billion | 100.00% |
NSTAR Electric Company PFD 4.25% Competitors by Market Cap
The table below lists competitors of NSTAR Electric Company PFD 4.25% ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Triton Development S.A.
WAR:TRI
|
$693.85K |
|
Global Battery Metals Ltd
OTCQB:REZZF
|
$694.34K |
|
ASSURED GUARANTY
MU:DHU
|
$694.52K |
|
ENBW ENERGIE B-W
MU:EBK
|
$694.90K |
|
MAKEMYTRIP
BE:MY1
|
$693.38K |
|
TAAT Global Alternatives Inc
PINK:TOBAF
|
$693.29K |
|
SYSCO (SYY.SG)
STU:SYY
|
$693.23K |
|
ORION -B-
MU:OFK
|
$693.03K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NSTAR Electric Company PFD 4.25%'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 5,743,670,000 to 6,193,498,000, a change of 449,828,000 (7.8%).
- Net income of 544,528,000 contributed positively to equity growth.
- Dividend payments of 329,360,000 reduced retained earnings.
- Other comprehensive income decreased equity by 33,737,284,000.
- Other factors increased equity by 33,971,944,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $544.53 Million | +8.79% |
| Dividends Paid | $329.36 Million | -5.32% |
| Other Comprehensive Income | $-33.74 Billion | -544.72% |
| Other Changes | $33.97 Billion | +548.51% |
| Total Change | $- | 7.83% |
Book Value vs Market Value Analysis
This analysis compares NSTAR Electric Company PFD 4.25%'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: 4.03x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 0.15x to 4.03x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $461.85 | $71.34 | x |
| 2014-12-31 | $498.84 | $71.34 | x |
| 2015-12-31 | $227.98 | $71.34 | x |
| 2016-12-31 | $136.03 | $71.34 | x |
| 2017-12-31 | $249.56 | $71.34 | x |
| 2018-12-31 | $215.54 | $71.34 | x |
| 2019-12-31 | $216.98 | $71.34 | x |
| 2020-12-31 | $13.43 | $71.34 | x |
| 2021-12-31 | $14.55 | $71.34 | x |
| 2022-12-31 | $16.54 | $71.34 | x |
| 2023-12-31 | $17.70 | $71.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NSTAR Electric Company PFD 4.25% 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): 8.79%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.49%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 2.63x
- Recent ROE (8.79%) is above the historical average (7.71%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 7.15% | 8.41% | 0.22x | 3.82x | $-86.50 Million |
| 2008 | 7.14% | 8.44% | 0.19x | 4.46x | $-89.75 Million |
| 2009 | 6.73% | 9.40% | 0.18x | 3.93x | $-117.10 Million |
| 2010 | 6.52% | 10.03% | 0.17x | 3.81x | $-132.54 Million |
| 2011 | 6.29% | 10.15% | 0.16x | 3.90x | $-148.77 Million |
| 2012 | 2.06% | 8.27% | 0.08x | 3.06x | $-733.46 Million |
| 2013 | 8.18% | 10.77% | 0.26x | 2.89x | $-175.15 Million |
| 2014 | 8.21% | 10.59% | 0.26x | 2.98x | $-178.14 Million |
| 2015 | 3.33% | 12.85% | 0.09x | 2.95x | $-690.68 Million |
| 2016 | 2.73% | 11.44% | 0.08x | 2.99x | $-778.47 Million |
| 2017 | 8.91% | 12.75% | 0.21x | 3.27x | $-120.63 Million |
| 2018 | 8.99% | 12.23% | 0.22x | 3.33x | $-115.68 Million |
| 2019 | 3.42% | 14.19% | 0.07x | 3.26x | $-831.04 Million |
| 2020 | 9.75% | 15.13% | 0.23x | 2.82x | $-11.44 Million |
| 2021 | 24.33% | 12.37% | 0.71x | 2.75x | $718.93 Million |
| 2022 | 8.57% | 13.74% | 0.24x | 2.63x | $-81.94 Million |
| 2023 | 8.79% | 15.49% | 0.22x | 2.63x | $-74.82 Million |
Industry Comparison
This section compares NSTAR Electric Company PFD 4.25%'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 |
|---|---|---|---|---|
| NSTAR Electric Company PFD 4.25% (NSARP) | $-31.57 Trillion | 7.15% | N/A | $693.57K |
| 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 |