Solar Enertech Corp
Solar Enertech Corp. operates as a photovoltaic (PV) solar energy cell manufacturing company. Its principal products include monocrystalline silicon and polycrystalline silicon solar cells and modules. The company's solar cells convert sunlight to electricity through the PV effect. The company markets its products primarily to solar panel installers, who incorporate those modules into their power… Read more
Solar Enertech Corp (SOEN) - Net Assets
Latest net assets as of December 2011: $7.10 Million USD
Based on the latest financial reports, Solar Enertech Corp (SOEN) has net assets worth $7.10 Million USD as of December 2011.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($16.45 Million) and total liabilities ($9.35 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 | $7.10 Million |
| % of Total Assets | 43.15% |
| Annual Growth Rate | 137.68% |
| 5-Year Change | -34.11% |
| 10-Year Change | N/A |
| Growth Volatility | 2099.87 |
Solar Enertech Corp - Net Assets Trend (2005–2011)
This chart illustrates how Solar Enertech Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Solar Enertech Corp (2005–2011)
The table below shows the annual net assets of Solar Enertech Corp from 2005 to 2011.
| Year | Net Assets | Change |
|---|---|---|
| 2011-09-30 | $9.47 Million | +30.71% |
| 2010-09-30 | $7.25 Million | -24.80% |
| 2009-09-30 | $9.63 Million | -52.03% |
| 2008-09-30 | $20.08 Million | +39.73% |
| 2007-09-30 | $14.37 Million | +371.59% |
| 2006-09-30 | $3.05 Million | +5695.07% |
| 2005-09-30 | $52.59K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Solar Enertech Corp'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 9497559300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2011)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $181.00K | 1.91% |
| Other Comprehensive Income | $3.89 Million | 41.11% |
| Other Components | $100.42 Million | 1060.42% |
| Total Equity | $9.47 Million | 100.00% |
Solar Enertech Corp Competitors by Market Cap
The table below lists competitors of Solar Enertech Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
VisionGlobal Corporation
OTCGREY:VIZG
|
$0.91 |
|
Life Stem Genetics
PINK:LIFS
|
$0.91 |
|
Green Planet Grp
PINK:GNPG
|
$0.91 |
|
IFAN Financial Inc
PINK:IFAN
|
$0.91 |
|
BOL Bancshares Inc. PFD
PINK:BOLBP
|
$0.91 |
|
Medical Connections Holdings Inc
OTCGREY:MCTH
|
$0.91 |
|
Mucinno Holding Inc
PINK:MCNO
|
$0.91 |
|
Kenergy Scientific Inc
PINK:MSGP
|
$0.91 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Solar Enertech Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2010 to 2011, total equity changed from 7,245,000 to 9,470,000, a change of 2,225,000 (30.7%).
- Net loss of 1,690,000 reduced equity.
- Other comprehensive income increased equity by 1,138,000.
- Other factors increased equity by 2,777,000.
Equity Change Factors (2010 to 2011)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.69 Million | -17.85% |
| Other Comprehensive Income | $1.14 Million | +12.02% |
| Other Changes | $2.78 Million | +29.32% |
| Total Change | $- | 30.71% |
Book Value vs Market Value Analysis
This analysis compares Solar Enertech Corp'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: 0.00x
- 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.
- The price-to-book ratio has decreased from 0.20x to 0.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-09-30 | $0.00 | $0.00 | x |
| 2006-09-30 | $0.04 | $0.00 | x |
| 2007-09-30 | $-0.25 | $0.00 | x |
| 2008-09-30 | $0.20 | $0.00 | x |
| 2009-09-30 | $0.11 | $0.00 | x |
| 2010-09-30 | $0.05 | $0.00 | x |
| 2011-09-30 | $0.06 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Solar Enertech Corp 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): -17.85%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.96%
- • Asset Turnover: 1.95x
- • Equity Multiplier: 2.31x
- Recent ROE (-17.85%) is above the historical average (-84.91%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | -90.71% | 0.00% | 0.00x | 1.06x | $-52.97K |
| 2006 | -20.96% | 0.00% | 0.00x | 1.38x | $-943.70K |
| 2007 | 0.00% | -528.12% | 0.22x | 0.00x | $-27.45 Million |
| 2008 | 27.58% | 18.83% | 0.90x | 1.63x | $3.53 Million |
| 2009 | -147.20% | -43.19% | 1.19x | 2.85x | $-15.14 Million |
| 2010 | -345.26% | -35.72% | 2.35x | 4.11x | $-25.74 Million |
| 2011 | -17.85% | -3.96% | 1.95x | 2.31x | $-2.64 Million |
Industry Comparison
This section compares Solar Enertech Corp'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 |
|---|---|---|---|---|
| Solar Enertech Corp (SOEN) | $7.10 Million | -90.71% | 1.32x | $0.91 |
| 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 |