RedFlow Limited
RedFlow Limited develops, manufactures, and sells zinc-bromine flowing electrolyte batteries worldwide. It offers ZBM3 flow battery; quadpod and energy pods, scalable energy storage solutions; and battery management systems. The company's batteries are used in telecommunications, commercial and industrial, grid-scale, and residential applications. RedFlow Limited was founded in 2005 and is headqu… Read more
RedFlow Limited (REFXF) - Net Assets
Latest net assets as of June 2023: $9.12 Million USD
Based on the latest financial reports, RedFlow Limited (REFXF) has net assets worth $9.12 Million USD as of June 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($13.90 Million) and total liabilities ($4.79 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 | $9.12 Million |
| % of Total Assets | 65.56% |
| Annual Growth Rate | -6.2% |
| 5-Year Change | -48.2% |
| 10-Year Change | N/A |
| Growth Volatility | 368.77 |
RedFlow Limited - Net Assets Trend (2016–2023)
This chart illustrates how RedFlow Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for RedFlow Limited (2016–2023)
The table below shows the annual net assets of RedFlow Limited from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-06-30 | $9.12 Million | -6.80% |
| 2022-06-30 | $9.78 Million | +51.02% |
| 2021-06-30 | $6.48 Million | -23.57% |
| 2020-06-30 | $8.47 Million | -51.85% |
| 2019-06-30 | $17.60 Million | -15.34% |
| 2018-06-30 | $20.79 Million | +1025.62% |
| 2017-06-30 | $1.85 Million | -87.06% |
| 2016-06-30 | $14.27 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to RedFlow Limited'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 8152677600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $153.71 Million | 1686.25% |
| Other Components | $5.85 Million | 64.19% |
| Total Equity | $9.12 Million | 100.00% |
RedFlow Limited Competitors by Market Cap
The table below lists competitors of RedFlow Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
YANGZIJIANG SHIPBLD (B8O.SG)
STU:B8O
|
$26.46K |
|
KBG Corp.
KO:318000
|
$26.47K |
|
New Asia Holdings Inc
PINK:NAHD
|
$26.51K |
|
ALSEA (4FU.SG)
STU:4FU
|
$26.52K |
|
SKELLERUP HLDGS
BE:RZK
|
$26.39K |
|
RAIL3F
SA:RAIL3F
|
$26.38K |
|
VANADIUMCORP RES.
F:NWNA
|
$26.37K |
|
NewcelX Ltd.
NASDAQ:NCEL
|
$26.37K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in RedFlow Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 9,780,060 to 9,115,415, a change of -664,645 (-6.8%).
- Net loss of 13,664,049 reduced equity.
- Share repurchases of 578,605 reduced equity.
- New share issuances of 10,621,600 increased equity.
- Other factors increased equity by 2,956,409.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-13.66 Million | -149.9% |
| Share Repurchases | $578.61K | -6.35% |
| Share Issuances | $10.62 Million | +116.52% |
| Other Changes | $2.96 Million | +32.43% |
| Total Change | $- | -6.80% |
Book Value vs Market Value Analysis
This analysis compares RedFlow Limited'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: 0.59x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-06-30 | $0.00 | $0.03 | x |
| 2017-06-30 | $0.00 | $0.03 | x |
| 2018-06-30 | $0.03 | $0.03 | x |
| 2019-06-30 | $0.02 | $0.03 | x |
| 2020-06-30 | $0.01 | $0.03 | x |
| 2021-06-30 | $0.01 | $0.03 | x |
| 2022-06-30 | $0.01 | $0.03 | x |
| 2023-06-30 | $0.05 | $0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently RedFlow Limited 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): -149.90%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1105.89%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 1.53x
- Recent ROE (-149.90%) is above the historical average (-184.10%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -98.98% | -1281.02% | 0.06x | 1.19x | $-15.55 Million |
| 2017 | -699.38% | -1564.09% | 0.08x | 5.55x | $-13.10 Million |
| 2018 | -57.70% | -694.13% | 0.07x | 1.17x | $-14.07 Million |
| 2019 | -65.75% | -1446.12% | 0.04x | 1.18x | $-13.33 Million |
| 2020 | -118.24% | -514.14% | 0.18x | 1.30x | $-10.86 Million |
| 2021 | -147.40% | -428.01% | 0.14x | 2.39x | $-10.19 Million |
| 2022 | -135.45% | -814.31% | 0.10x | 1.75x | $-14.22 Million |
| 2023 | -149.90% | -1105.89% | 0.09x | 1.53x | $-14.58 Million |
Industry Comparison
This section compares RedFlow Limited'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 |
|---|---|---|---|---|
| RedFlow Limited (REFXF) | $9.12 Million | -98.98% | 0.53x | $26.43K |
| 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 |