SolarWorld Aktiengesellschaft
SolarWorld Aktiengesellschaft manufactures and sells solar power products for on-grid and off-grid applications worldwide. It operates through Production Germany, Production U.S., and Trade segments. The company offers Sunmodule Plus and Sunmodule Bisunsolar modules. It engages in the production and distribution of solar energy facilities including rooftop solar systems to components for outdoor … Read more
SolarWorld Aktiengesellschaft (SRWRF) - Net Assets
Latest net assets as of December 2016: $121.81 Million USD
Based on the latest financial reports, SolarWorld Aktiengesellschaft (SRWRF) has net assets worth $121.81 Million USD as of December 2016.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($686.94 Million) and total liabilities ($565.13 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 | $121.81 Million |
| % of Total Assets | 17.73% |
| Annual Growth Rate | -6.18% |
| 5-Year Change | 3.43% |
| 10-Year Change | -92.72% |
| Growth Volatility | 107.12 |
SolarWorld Aktiengesellschaft - Net Assets Trend (2004–2016)
This chart illustrates how SolarWorld Aktiengesellschaft's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SolarWorld Aktiengesellschaft (2004–2016)
The table below shows the annual net assets of SolarWorld Aktiengesellschaft from 2004 to 2016.
| Year | Net Assets | Change |
|---|---|---|
| 2016-12-31 | $121.81 Million | -41.68% |
| 2015-12-31 | $208.88 Million | -12.48% |
| 2014-12-31 | $238.67 Million | +198.18% |
| 2013-12-31 | $-243.08 Million | -306.40% |
| 2012-12-31 | $117.77 Million | -81.33% |
| 2011-12-31 | $630.76 Million | -31.65% |
| 2010-12-31 | $922.88 Million | +6.63% |
| 2009-12-31 | $865.46 Million | +2.90% |
| 2008-12-31 | $841.08 Million | -49.70% |
| 2007-12-31 | $1.67 Billion | +71.94% |
| 2006-12-31 | $972.50 Million | +130.85% |
| 2005-12-31 | $421.27 Million | +60.79% |
| 2004-12-31 | $262.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SolarWorld Aktiengesellschaft'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 381.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2016)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $87.16 Million | 71.56% |
| Common Stock | $14.90 Million | 12.23% |
| Other Components | $19.75 Million | 16.21% |
| Total Equity | $121.81 Million | 100.00% |
SolarWorld Aktiengesellschaft Competitors by Market Cap
The table below lists competitors of SolarWorld Aktiengesellschaft ranked by their market capitalization.
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SolarWorld Aktiengesellschaft's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2015 to 2016, total equity changed from 208,877,000 to 121,808,000, a change of -87,069,000 (-41.7%).
- Net loss of 91,937,000 reduced equity.
- Other factors increased equity by 4,868,000.
Equity Change Factors (2015 to 2016)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-91.94 Million | -75.48% |
| Other Changes | $4.87 Million | +4.0% |
| Total Change | $- | -41.68% |
Book Value vs Market Value Analysis
This analysis compares SolarWorld Aktiengesellschaft'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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | $202.08 | $0.00 | x |
| 2005-12-31 | $320.44 | $0.00 | x |
| 2006-12-31 | $816.45 | $0.00 | x |
| 2007-12-31 | $928.45 | $0.00 | x |
| 2008-12-31 | $1129.21 | $0.00 | x |
| 2009-12-31 | $1161.95 | $0.00 | x |
| 2010-12-31 | $1271.80 | $0.00 | x |
| 2011-12-31 | $852.64 | $0.00 | x |
| 2012-12-31 | $159.44 | $0.00 | x |
| 2013-12-31 | $-328.94 | $0.00 | x |
| 2014-12-31 | $18.65 | $0.00 | x |
| 2015-12-31 | $14.02 | $0.00 | x |
| 2016-12-31 | $8.18 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SolarWorld Aktiengesellschaft 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): -75.48%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11.45%
- • Asset Turnover: 1.17x
- • Equity Multiplier: 5.64x
- Recent ROE (-75.48%) is below the historical average (-18.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 14.55% | 9.06% | 0.72x | 2.22x | $5.67 Million |
| 2005 | 23.95% | 14.60% | 0.80x | 2.06x | $30.28 Million |
| 2006 | 21.86% | 25.64% | 0.51x | 1.68x | $70.83 Million |
| 2007 | 16.38% | 16.42% | 0.40x | 2.46x | $44.10 Million |
| 2008 | 17.68% | 16.51% | 0.42x | 2.52x | $64.57 Million |
| 2009 | 6.81% | 5.82% | 0.46x | 2.56x | $-27.57 Million |
| 2010 | 9.46% | 6.69% | 0.50x | 2.86x | $-4.98 Million |
| 2011 | -47.60% | -28.59% | 0.46x | 3.62x | $-362.15 Million |
| 2012 | -404.93% | -78.69% | 0.45x | 11.32x | $-488.67 Million |
| 2013 | 0.00% | -50.09% | 0.49x | 0.00x | $-204.00 Million |
| 2014 | 194.48% | 80.95% | 0.63x | 3.84x | $440.30 Million |
| 2015 | -15.93% | -4.36% | 0.88x | 4.16x | $-54.17 Million |
| 2016 | -75.48% | -11.45% | 1.17x | 5.64x | $-104.12 Million |
Industry Comparison
This section compares SolarWorld Aktiengesellschaft'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 |
|---|---|---|---|---|
| SolarWorld Aktiengesellschaft (SRWRF) | $121.81 Million | 14.55% | 4.64x | $2.98K |
| 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 |