Phinergy Ltd
Phinergy Ltd. develops clean and high energy-density systems based on metal-air technology. The company offers aluminum-air and zinc-air technology, which provide clean energy generation and storage solutions for various applications in electric mobility, energy backup, and renewable energy storage. It offers energy backup, electric transportation, and energy storage solutions. The company was fo… Read more
Phinergy Ltd (PHNGF) - Net Assets
Latest net assets as of June 2024: $83.94 Million USD
Based on the latest financial reports, Phinergy Ltd (PHNGF) has net assets worth $83.94 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($129.69 Million) and total liabilities ($45.75 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 | $83.94 Million |
| % of Total Assets | 64.72% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 0.64 |
Phinergy Ltd - Net Assets Trend (2019–2023)
This chart illustrates how Phinergy 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 Phinergy Ltd (2019–2023)
The table below shows the annual net assets of Phinergy Ltd from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $61.61 Million | -32.89% |
| 2022-12-31 | $91.80 Million | -31.61% |
| 2021-12-31 | $134.24 Million | +395.02% |
| 2020-12-31 | $-45.50 Million | +75.36% |
| 2019-12-31 | $-184.66 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Phinergy 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 decreased by 24435500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $501.88 Million | 814.60% |
| Other Comprehensive Income | $25.33 Million | 41.12% |
| Other Components | $143.36 Million | 232.69% |
| Total Equity | $61.61 Million | 100.00% |
Phinergy Ltd Competitors by Market Cap
The table below lists competitors of Phinergy Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IKKA Holdings (Cayman) Limited
TW:2250
|
$35.92 Million |
|
LEE S PHARMACEUTIC.HD-05
F:L1PA
|
$35.92 Million |
|
SK D&D Co Ltd
KO:210980
|
$35.92 Million |
|
Professional Computer Technology Ltd
TWO:6270
|
$35.93 Million |
|
Nilörngruppen AB
PINK:NLLGF
|
$35.90 Million |
|
SAGA COMMUNICATNS A DL-01
F:SGHB
|
$35.90 Million |
|
BROOGE ENERGY DL-0001
F:3SF
|
$35.90 Million |
|
Duksung
KO:004830
|
$35.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Phinergy Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -51,561,000 to 61,610,000, a change of 113,171,000.
- Net loss of 33,263,000 reduced equity.
- Other comprehensive income decreased equity by 2,007,000.
- Other factors increased equity by 148,441,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-33.26 Million | -53.99% |
| Other Comprehensive Income | $-2.01 Million | -3.26% |
| Other Changes | $148.44 Million | +240.94% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Phinergy 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: 1.61x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $-3.94 | $1.30 | x |
| 2020-12-31 | $-3.73 | $1.30 | x |
| 2021-12-31 | $-0.12 | $1.30 | x |
| 2022-12-31 | $-0.67 | $1.30 | x |
| 2023-12-31 | $0.81 | $1.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Phinergy 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): -53.99%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1047.32%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.88x
- Recent ROE (-53.99%) is below the historical average (-10.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | -6590.71% | 0.04x | 0.00x | $-149.00 Million |
| 2020 | 0.00% | -4229.39% | 0.04x | 0.00x | $-92.05 Million |
| 2021 | 0.00% | -1689.85% | 0.01x | 0.00x | $-51.54 Million |
| 2022 | 0.00% | -1684.99% | 0.02x | 0.00x | $-42.55 Million |
| 2023 | -53.99% | -1047.32% | 0.03x | 1.88x | $-39.42 Million |
Industry Comparison
This section compares Phinergy Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $315,233,876
- Average return on equity (ROE) among peers: -5.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Phinergy Ltd (PHNGF) | $83.94 Million | 0.00% | 0.55x | $35.91 Million |
| ABB Ltd (ABBNY) | $2.23 Billion | -31.00% | 13.51x | $85.22 Billion |
| Advent Technologies Holdings Inc (ADN) | $130.20 Million | -15.76% | 0.25x | $1.02 Million |
| Ads Tec Energy PLC (ADSE) | $-8.59 Million | 0.00% | 0.00x | $194.80 Million |
| Advanced Energy Industries Inc (AEIS) | $392.07 Million | 32.51% | 0.46x | $11.51 Billion |
| AFC Energy plc (AFGYF) | $30.27 Million | -57.55% | 0.21x | $91.15 Million |
| Alfen N.V (ALFNF) | $6.81 Million | 25.29% | 3.39x | $265.32 Million |
| Amprius Technologies Inc. (AMPX) | $13.86 Million | -71.41% | 0.34x | $1.30 Billion |
| Asia Pacific Wire & Cable Corp Ltd (APWC) | $118.20 Million | 3.47% | 0.76x | $17.88 Million |
| Astro Communications Inc (ASTO) | $7.59 Million | 3.65% | 0.08x | $18.93K |
| Atkore International Group Inc (ATKR) | $232.94 Million | 59.69% | 5.17x | $1.72 Billion |