SMA Solar Technology AG
SMA Solar Technology AG, together with its subsidiaries, develops, produces, and sells PV and battery inverters, monitoring systems for PV systems, and charging solutions for electric vehicles in Germany and internationally. The company operates in three segments: Home Solutions, Commercial & Industrial Solutions, and Large Scale & Project Solutions. It offers solar and battery inverters, hybrid … Read more
SMA Solar Technology AG (SMTGF) - Net Assets
Latest net assets as of September 2025: $402.23 Million USD
Based on the latest financial reports, SMA Solar Technology AG (SMTGF) has net assets worth $402.23 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.39 Billion) and total liabilities ($987.75 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 | $402.23 Million |
| % of Total Assets | 28.94% |
| Annual Growth Rate | 15.6% |
| 5-Year Change | 26.0% |
| 10-Year Change | -2.96% |
| Growth Volatility | 79.73 |
SMA Solar Technology AG - Net Assets Trend (2006–2024)
This chart illustrates how SMA Solar Technology AG's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SMA Solar Technology AG (2006–2024)
The table below shows the annual net assets of SMA Solar Technology AG from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $553.32 Million | -19.36% |
| 2023-12-31 | $686.18 Million | +48.04% |
| 2022-12-31 | $463.52 Million | +13.93% |
| 2021-12-31 | $406.86 Million | -7.35% |
| 2020-12-31 | $439.15 Million | +5.34% |
| 2019-12-31 | $416.89 Million | -1.79% |
| 2018-12-31 | $424.48 Million | -30.59% |
| 2017-12-31 | $611.52 Million | +4.51% |
| 2016-12-31 | $585.11 Million | +2.61% |
| 2015-12-31 | $570.21 Million | +3.31% |
| 2014-12-31 | $551.96 Million | -23.81% |
| 2013-12-31 | $724.43 Million | -11.73% |
| 2012-12-31 | $820.66 Million | +3.97% |
| 2011-12-31 | $789.31 Million | +8.36% |
| 2010-12-31 | $728.41 Million | +78.71% |
| 2009-12-31 | $407.59 Million | +45.17% |
| 2008-12-31 | $280.76 Million | +335.71% |
| 2007-12-31 | $64.44 Million | +58.24% |
| 2006-12-31 | $40.72 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SMA Solar Technology AG'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 987.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $399.42 Million | 72.19% |
| Common Stock | $34.70 Million | 6.27% |
| Other Comprehensive Income | $3.91 Million | 0.71% |
| Other Components | $115.29 Million | 20.84% |
| Total Equity | $553.32 Million | 100.00% |
SMA Solar Technology AG Competitors by Market Cap
The table below lists competitors of SMA Solar Technology AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
THEME INTL HLDGS HD-0025
F:TM4C
|
$528.74 Million |
|
Ethan Allen Interiors Inc
NYSE:ETD
|
$528.83 Million |
|
Olvi Oyj A
HE:OLVAS
|
$529.02 Million |
|
Shenzhen Expressway Company Limited
PINK:SHZNF
|
$529.41 Million |
|
BUNKA SHUTTER
F:7VK
|
$528.67 Million |
|
Hwang Chang General Contractor Co Ltd
TW:2543
|
$528.64 Million |
|
Shanghai Huafon Aluminium Corp
SHG:601702
|
$528.59 Million |
|
Beijing SL Pharmaceutical Co Ltd
SHE:002038
|
$528.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SMA Solar Technology AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 686,182,000 to 553,316,000, a change of -132,866,000 (-19.4%).
- Net loss of 117,728,000 reduced equity.
- Dividend payments of 17,350,000 reduced retained earnings.
- Other comprehensive income increased equity by 2,212,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-117.73 Million | -21.28% |
| Dividends Paid | $17.35 Million | -3.14% |
| Other Comprehensive Income | $2.21 Million | +0.4% |
| Total Change | $- | -19.36% |
Book Value vs Market Value Analysis
This analysis compares SMA Solar Technology AG'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: 1.24x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 16.84x to 1.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | $1.17 | $19.76 | x |
| 2007-12-31 | $1.86 | $19.76 | x |
| 2008-12-31 | $8.09 | $19.76 | x |
| 2009-12-31 | $11.75 | $19.76 | x |
| 2010-12-31 | $20.99 | $19.76 | x |
| 2011-12-31 | $22.75 | $19.76 | x |
| 2012-12-31 | $23.65 | $19.76 | x |
| 2013-12-31 | $20.87 | $19.76 | x |
| 2014-12-31 | $15.91 | $19.76 | x |
| 2015-12-31 | $16.43 | $19.76 | x |
| 2016-12-31 | $16.86 | $19.76 | x |
| 2017-12-31 | $17.62 | $19.76 | x |
| 2018-12-31 | $12.23 | $19.76 | x |
| 2019-12-31 | $12.01 | $19.76 | x |
| 2020-12-31 | $12.66 | $19.76 | x |
| 2021-12-31 | $11.76 | $19.76 | x |
| 2022-12-31 | $13.36 | $19.76 | x |
| 2023-12-31 | $19.77 | $19.76 | x |
| 2024-12-31 | $15.95 | $19.76 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SMA Solar Technology AG 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): -21.28%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.69%
- • Asset Turnover: 0.99x
- • Equity Multiplier: 2.79x
- Recent ROE (-21.28%) is below the historical average (11.66%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 50.27% | 10.61% | 1.72x | 2.76x | $16.40 Million |
| 2007 | 57.04% | 11.23% | 2.01x | 2.53x | $30.31 Million |
| 2008 | 42.57% | 17.54% | 1.45x | 1.67x | $91.45 Million |
| 2009 | 39.53% | 17.24% | 1.30x | 1.76x | $120.36 Million |
| 2010 | 50.11% | 19.01% | 1.53x | 1.72x | $292.20 Million |
| 2011 | 21.04% | 9.91% | 1.22x | 1.74x | $87.12 Million |
| 2012 | 9.15% | 5.13% | 1.10x | 1.62x | $-6.96 Million |
| 2013 | -9.20% | -7.14% | 0.74x | 1.74x | $-139.04 Million |
| 2014 | -32.43% | -22.23% | 0.68x | 2.14x | $-234.22 Million |
| 2015 | 2.51% | 1.43% | 0.86x | 2.04x | $-42.72 Million |
| 2016 | 5.06% | 3.13% | 0.78x | 2.07x | $-28.91 Million |
| 2017 | 4.93% | 3.38% | 0.73x | 1.99x | $-31.00 Million |
| 2018 | -41.34% | -23.06% | 0.77x | 2.33x | $-217.94 Million |
| 2019 | -2.07% | -0.94% | 0.83x | 2.66x | $-50.32 Million |
| 2020 | 6.40% | 2.74% | 0.98x | 2.39x | $-15.82 Million |
| 2021 | -5.68% | -2.36% | 0.93x | 2.58x | $-63.97 Million |
| 2022 | 12.04% | 5.24% | 0.96x | 2.39x | $9.46 Million |
| 2023 | 32.89% | 11.85% | 1.17x | 2.36x | $157.05 Million |
| 2024 | -21.28% | -7.69% | 0.99x | 2.79x | $-173.06 Million |
Industry Comparison
This section compares SMA Solar Technology AG's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $369,897,270
- Average return on equity (ROE) among peers: -54.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SMA Solar Technology AG (SMTGF) | $402.23 Million | 50.27% | 2.46x | $528.72 Million |
| ABCO Energy Inc (ABCE) | $-190.65K | 0.00% | 0.00x | $11.90K |
| Advantagewon Oil Corporation (ANTGF) | $4.62 Million | -26.17% | 0.78x | $547.13K |
| Advanced Powerline Technologies Inc (APWL) | $-2.53 Million | 0.00% | 0.00x | $1.82 |
| Array Technologies Inc (ARRY) | $-21.91 Million | 0.00% | 0.00x | $926.73 Million |
| Ascent Solar Technologies, Inc. Common Stock (ASTI) | $4.59 Million | -430.80% | 3.07x | $18.02 Million |
| Beam Global (BEEM) | $23.21 Million | -84.81% | 0.63x | $26.35 Million |
| Clear Blue Technologies International Inc (CBUTF) | $-2.78 Million | 0.00% | 0.00x | $834.08K |
| China Changjiang Mining & New Energy Co Ltd (CHJI) | $10.11 Million | -6.54% | 0.92x | $2.91K |
| Canadian Solar Inc (CSIQ) | $3.71 Billion | 7.40% | 2.21x | $852.15 Million |
| Complete Solaria, Inc. Common Stock (CSLR) | $-21.39 Million | 0.00% | 0.00x | $89.72 Million |