P2 Solar Inc
P2 Solar, Inc., focuses on the construction and installation of residential and commercial rooftop and ground-mount solar energy systems in Canada. The company was formerly known as Natco International Inc. and changed its name to P2 Solar, Inc. in March 2009. The company was incorporated in 1990 and is headquartered in Surrey, Canada.
P2 Solar Inc (PTOS) - Net Assets
Latest net assets as of June 2025: $-1.06 Million USD
Based on the latest financial reports, P2 Solar Inc (PTOS) has net assets worth $-1.06 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($103.70K) and total liabilities ($1.16 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 | $-1.06 Million |
| % of Total Assets | -1022.16% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 141.83 |
P2 Solar Inc - Net Assets Trend (2005–2025)
This chart illustrates how P2 Solar 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 P2 Solar Inc (2005–2025)
The table below shows the annual net assets of P2 Solar Inc from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $-1.01 Million | +44.74% |
| 2024-03-31 | $-1.83 Million | -8.63% |
| 2023-03-31 | $-1.69 Million | -2.93% |
| 2022-03-31 | $-1.64 Million | -39.37% |
| 2021-03-31 | $-1.18 Million | -18.86% |
| 2020-03-31 | $-989.50K | -0.28% |
| 2019-03-31 | $-986.72K | -70.18% |
| 2014-03-31 | $-579.83K | -15.63% |
| 2013-03-31 | $-501.44K | -51.44% |
| 2012-03-31 | $-331.11K | -118.21% |
| 2011-03-31 | $1.82 Million | +197.22% |
| 2010-03-31 | $611.63K | +12.68% |
| 2009-03-31 | $542.82K | +231.33% |
| 2008-03-31 | $163.83K | +119.35% |
| 2007-03-31 | $-846.67K | +30.88% |
| 2006-03-31 | $-1.22 Million | -24.07% |
| 2005-03-31 | $-987.38K | -- |
Equity Component Analysis
This analysis shows how different components contribute to P2 Solar 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 681532800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $127.01K | % |
| Other Comprehensive Income | $-234.69K | % |
| Other Components | $7.24 Million | % |
| Total Equity | $-1.01 Million | 100.00% |
P2 Solar Inc Competitors by Market Cap
The table below lists competitors of P2 Solar Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Atlas Technology Grp
PINK:ATYG
|
$1.17 Million |
|
Simonds Group Ltd
AU:SIO
|
$1.17 Million |
|
Aben Resources Ltd
PINK:ABNAF
|
$1.17 Million |
|
Spectra Products Inc
PINK:SPKTF
|
$1.17 Million |
|
Precomp Solutions AB Series B
ST:PCOM-B
|
$1.17 Million |
|
Core Energy Minerals Ltd
F:F1S0
|
$1.17 Million |
|
Nanologica AB
ST:NICA
|
$1.17 Million |
|
Nickel Creek Platinum Corp
OTCQB:NCPCF
|
$1.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in P2 Solar Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -1,832,691 to -1,012,738, a change of 819,953.
- Net loss of 34,492 reduced equity.
- Other comprehensive income increased equity by 98,446.
- Other factors increased equity by 755,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-34.49K | -3.41% |
| Other Comprehensive Income | $98.45K | +9.72% |
| Other Changes | $756.00K | +74.65% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares P2 Solar 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | $-0.11 | $0.02 | x |
| 2006-03-31 | $-0.13 | $0.02 | x |
| 2007-03-31 | $-0.06 | $0.02 | x |
| 2008-03-31 | $0.01 | $0.02 | x |
| 2009-03-31 | $0.02 | $0.02 | x |
| 2010-03-31 | $0.02 | $0.02 | x |
| 2011-03-31 | $0.04 | $0.02 | x |
| 2012-03-31 | $-0.01 | $0.02 | x |
| 2013-03-31 | $-0.01 | $0.02 | x |
| 2014-03-31 | $-0.01 | $0.02 | x |
| 2019-03-31 | $-0.01 | $0.02 | x |
| 2020-03-31 | $-0.01 | $0.02 | x |
| 2021-03-31 | $-0.02 | $0.02 | x |
| 2022-03-31 | $-0.02 | $0.02 | x |
| 2023-03-31 | $-0.02 | $0.02 | x |
| 2024-03-31 | $-0.03 | $0.02 | x |
| 2025-03-31 | $-0.01 | $0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently P2 Solar 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -130.74%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-23.54%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 0.00% | -453.32% | 0.86x | 0.00x | $-69.08K |
| 2006 | 0.00% | -27602.47% | 0.03x | 0.00x | $-79.00K |
| 2007 | 0.00% | 0.00% | 0.00x | 0.00x | $-149.91K |
| 2008 | -82.80% | 0.00% | 0.00x | 9.67x | $-152.03K |
| 2009 | -16.36% | 0.00% | 0.00x | 4.91x | $-143.07K |
| 2010 | -139.37% | 0.00% | 0.00x | 4.87x | $-913.62K |
| 2011 | -161.70% | 0.00% | 0.00x | 1.12x | $-3.12 Million |
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.56 Million |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $-130.80K |
| 2014 | 0.00% | -277.15% | 0.97x | 0.00x | $-366.20K |
| 2019 | 0.00% | 57.86% | 19.64x | 0.00x | $236.58K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $54.09K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $12.86K |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $44.07K |
| 2023 | 0.00% | -447.55% | 1.98x | 0.00x | $-8.82K |
| 2024 | 0.00% | -89.26% | 1.45x | 0.00x | $34.84K |
| 2025 | 0.00% | -130.74% | 0.26x | 0.00x | $66.78K |
Industry Comparison
This section compares P2 Solar Inc's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $424,642,617
- Average return on equity (ROE) among peers: 1.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| P2 Solar Inc (PTOS) | $-1.06 Million | 0.00% | N/A | $1.17 Million |
| ABCO Energy Inc (ABCE) | $-190.65K | 0.00% | 0.00x | $11.90K |
| Advantagewon Oil Corporation (ANTGF) | $-1.30 Million | 0.00% | 0.00x | $547.13K |
| Advanced Powerline Technologies Inc (APWL) | $6.31 Million | -45.47% | 0.40x | $1.82 |
| Array Technologies Inc (ARRY) | $-25.72 Million | 0.00% | 0.00x | $972.65 Million |
| Ascent Solar Technologies, Inc. Common Stock (ASTI) | $139.62 Million | -9.47% | 0.10x | $18.06 Million |
| Beam Global (BEEM) | $-1.41 Million | 0.00% | 0.00x | $26.89 Million |
| Clear Blue Technologies International Inc (CBUTF) | $-215.24K | 0.00% | 0.00x | $834.08K |
| China Changjiang Mining & New Energy Co Ltd (CHJI) | $924.23K | 64.84% | 0.83x | $2.91K |
| Canadian Solar Inc (CSIQ) | $4.15 Billion | 0.87% | 2.26x | $868.69 Million |
| Complete Solaria, Inc. Common Stock (CSLR) | $-21.39 Million | 0.00% | 0.00x | $89.72 Million |