TECO 2030 ASA
TECO 2030 ASA, together with its subsidiaries, operates as an engineering and equipment development company in the United States, Asia, South America, and Europe. The company offers TECO stack, a liquid-cooled fuel cell stack that provides hydrogen-electric power for marine, stationary, automotive, locomotive, and aircraft applications; fuel cell module 400kW, a modular fuel cell system for heavy… Read more
TECO 2030 ASA (TECFF) - Net Assets
Latest net assets as of June 2024: $38.96 Million USD
Based on the latest financial reports, TECO 2030 ASA (TECFF) has net assets worth $38.96 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($508.26 Million) and total liabilities ($469.31 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 | $38.96 Million |
| % of Total Assets | 7.66% |
| Annual Growth Rate | -6.37% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 287.3 |
TECO 2030 ASA - Net Assets Trend (2019–2023)
This chart illustrates how TECO 2030 ASA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TECO 2030 ASA (2019–2023)
The table below shows the annual net assets of TECO 2030 ASA from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $5.75 Million | -94.37% |
| 2022-12-31 | $102.09 Million | -2.39% |
| 2021-12-31 | $104.59 Million | +88.06% |
| 2020-12-31 | $55.61 Million | +643.66% |
| 2019-12-31 | $7.48 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TECO 2030 ASA'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 29098014600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.63 Million | 28.29% |
| Other Comprehensive Income | $-244.77K | -4.26% |
| Other Components | $297.97 Million | 5184.04% |
| Total Equity | $5.75 Million | 100.00% |
TECO 2030 ASA Competitors by Market Cap
The table below lists competitors of TECO 2030 ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Oicintra Inc
PINK:OICT
|
$104.55K |
|
JFE HOLDINGS
DU:JFR
|
$104.57K |
|
Haemato AG
HM:HAEK
|
$104.60K |
|
Terrace Energy Corp.
PINK:TCRRF
|
$104.60K |
|
Invesco Trust For Inv Grade NY Munis
NYSE:VTN
|
$104.49K |
|
BEUW39
SA:BEUW39
|
$104.47K |
|
Yorkville Acquisition Corp. Unit
NASDAQ:YORKU
|
$104.44K |
|
Nuveen New York Quality Municipal Income Fund
NYSE:NAN
|
$104.41K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TECO 2030 ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 102,086,098 to 5,747,800, a change of -96,338,298 (-94.4%).
- Net loss of 117,665,563 reduced equity.
- New share issuances of 18,002,123 increased equity.
- Other comprehensive income increased equity by 6,448.
- Other factors increased equity by 3,318,694.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-117.67 Million | -2047.14% |
| Share Issuances | $18.00 Million | +313.2% |
| Other Comprehensive Income | $6.45K | +0.11% |
| Other Changes | $3.32 Million | +57.74% |
| Total Change | $- | -94.37% |
Book Value vs Market Value Analysis
This analysis compares TECO 2030 ASA'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: 0.03x
- 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 |
|---|---|---|---|
| 2019-12-31 | $0.06 | $0.00 | x |
| 2020-12-31 | $0.46 | $0.00 | x |
| 2021-12-31 | $0.83 | $0.00 | x |
| 2022-12-31 | $0.71 | $0.00 | x |
| 2023-12-31 | $0.04 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TECO 2030 ASA 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): -2047.14%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2080.71%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 88.21x
- Recent ROE (-2047.14%) is below the historical average (-454.60%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -35.05% | 0.00% | 0.00x | 1.66x | $-3.37 Million |
| 2020 | -48.96% | -1383.20% | 0.02x | 1.48x | $-32.79 Million |
| 2021 | -50.67% | -437.17% | 0.05x | 2.49x | $-63.45 Million |
| 2022 | -91.19% | -821.03% | 0.03x | 3.49x | $-103.30 Million |
| 2023 | -2047.14% | -2080.71% | 0.01x | 88.21x | $-118.24 Million |
Industry Comparison
This section compares TECO 2030 ASA's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $56,434,336,994
- Average return on equity (ROE) among peers: -8730.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TECO 2030 ASA (TECFF) | $38.96 Million | -35.05% | 12.05x | $104.50K |
| American Commerce Solutions Inc (AACS) | $1.32K | -87256.44% | 3554.18x | $38.47K |
| ATI Airtest Technologies Inc (AATGF) | $-996.60K | 0.00% | 0.00x | $2.79 Million |
| ABB Turbo Systems AG (ACLIF) | $296.51 Million | 41.42% | 2.31x | $4.32 Billion |
| Agfa-Gevaert NV (AFGVF) | $396.00 Million | -25.76% | 2.45x | $91.17 Million |
| Alphaform AG (AFRMF) | $22.76 Million | -2.08% | 0.21x | $691.72 |
| Airtificial Intelligence Structures S.A (AITLF) | $-9.95 Million | 0.00% | 0.00x | $53.18 Million |
| Alfa Laval AB (publ) (ALFVF) | $20.50 Billion | 14.52% | 1.57x | $13.09 Billion |
| Amada Co. Ltd (AMDLY) | $534.40 Billion | 7.60% | 0.27x | $3.72 Billion |
| Ametek Inc (AME) | $8.73 Billion | 15.04% | 0.72x | $48.58 Billion |
| American Superconductor Corporation (AMSC) | $12.86 Million | -96.26% | 0.52x | $1.37 Billion |