AC Energy Philippines Inc
AC Energy Philippines Inc operates in Environmental & Facilities Services.
AC Energy Philippines Inc (ACEN) - Net Assets
Latest net assets as of June 2023: ₱117.33 Billion PHP
Based on the latest financial reports, AC Energy Philippines Inc (ACEN) has net assets worth ₱117.33 Billion PHP as of June 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₱242.74 Billion) and total liabilities (₱125.42 Billion). 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 | ₱117.33 Billion |
| % of Total Assets | 48.33% |
| Annual Growth Rate | 47.21% |
| 5-Year Change | 1314.05% |
| 10-Year Change | N/A |
| Growth Volatility | 77.71 |
AC Energy Philippines Inc - Net Assets Trend (2015–2022)
This chart illustrates how AC Energy Philippines Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for AC Energy Philippines Inc (2015–2022)
The table below shows the annual net assets of AC Energy Philippines Inc from 2015 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ₱117.73 Billion | +33.76% |
| 2021-12-31 | ₱88.02 Billion | +63.36% |
| 2020-12-31 | ₱53.88 Billion | +233.91% |
| 2019-12-31 | ₱16.14 Billion | +93.81% |
| 2018-12-31 | ₱8.33 Billion | -8.12% |
| 2017-12-31 | ₱9.06 Billion | +1.62% |
| 2016-12-31 | ₱8.92 Billion | +13.50% |
| 2015-12-31 | ₱7.86 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to AC Energy Philippines Inc'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 587.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₱19.55 Billion | 16.60% |
| Common Stock | ₱39.69 Billion | 33.71% |
| Other Components | ₱58.50 Billion | 49.68% |
| Total Equity | ₱117.73 Billion | 100.00% |
AC Energy Philippines Inc Competitors by Market Cap
The table below lists competitors of AC Energy Philippines Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Walker Crips Group PLC
LSE:WCW
|
$388.53 |
|
Schroder Japan Growth Fund
LSE:SJG
|
$389.26 |
|
Ortelius International AB
ST:ORTIN
|
$389.74 |
|
Standard Dental Labs Inc.
PINK:CSSID
|
$390.40 |
|
Tritium DCFC Limited
PINK:DCFWQ
|
$387.31 |
|
Cykel AI PLC
LSE:CYK
|
$386.67 |
|
Northern Upper Egypt Development & Agricultural Production
EGX:NEDA
|
$386.54 |
|
Indonesia Prima Property Tbk
JK:OMRE
|
$386.47 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AC Energy Philippines Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 88,017,986,000 to 117,733,676,000, a change of 29,715,690,000 (33.8%).
- Net income of 13,055,119,000 contributed positively to equity growth.
- Dividend payments of 3,803,197,000 reduced retained earnings.
- Share repurchases of 10,558,578,000 reduced equity.
- Other factors increased equity by 31,022,346,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₱13.06 Billion | +11.09% |
| Dividends Paid | ₱3.80 Billion | -3.23% |
| Share Repurchases | ₱10.56 Billion | -8.97% |
| Other Changes | ₱31.02 Billion | +26.35% |
| Total Change | ₱- | 33.76% |
Book Value vs Market Value Analysis
This analysis compares AC Energy Philippines Inc'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: 0.84x
- 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 increased from 0.42x to 0.84x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₱5.95 | ₱2.50 | x |
| 2017-12-31 | ₱1.66 | ₱2.50 | x |
| 2018-12-31 | ₱1.52 | ₱2.50 | x |
| 2019-12-31 | ₱9.61 | ₱2.50 | x |
| 2020-12-31 | ₱17.62 | ₱2.50 | x |
| 2021-12-31 | ₱2.30 | ₱2.50 | x |
| 2022-12-31 | ₱2.97 | ₱2.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AC Energy Philippines Inc 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): 11.09%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 37.05%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 1.98x
- Recent ROE (11.09%) is above the historical average (6.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 11.60% | 6.76% | 0.72x | 2.37x | ₱125.42 Million |
| 2016 | 15.73% | 9.06% | 0.75x | 2.31x | ₱510.54 Million |
| 2017 | 3.90% | 2.08% | 0.82x | 2.29x | ₱-552.38 Million |
| 2018 | -6.73% | -3.71% | 0.80x | 2.27x | ₱-1.39 Billion |
| 2019 | 0.36% | 0.36% | 0.33x | 3.01x | ₱-1.56 Billion |
| 2020 | 7.96% | 20.93% | 0.14x | 2.63x | ₱-1.10 Billion |
| 2021 | 5.97% | 20.13% | 0.15x | 1.94x | ₱-3.55 Billion |
| 2022 | 11.09% | 37.05% | 0.15x | 1.98x | ₱1.28 Billion |
Industry Comparison
This section compares AC Energy Philippines Inc's net assets metrics with peer companies in the Electrical Utilities & IPPs industry.
Industry Context
- Industry: Electrical Utilities & IPPs
- Average net assets among peers: $47,507,111,398
- Average return on equity (ROE) among peers: 11546.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AC Energy Philippines Inc (ACEN) | ₱117.33 Billion | 11.60% | 1.07x | $387.92 |
| Alsons Consolidated Resources Inc (ACR) | $11.49 Billion | 1.28% | 2.97x | $154.51 |
| Aboitiz Power Corp (AP) | $97.57 Billion | 18.04% | 1.49x | $7.15K |
| First Gen Corp (FGEN) | $1.88 Billion | 7.14% | 1.92x | $2.83K |
| First Philippine Holdings Corp (FPH) | $132.76 Billion | 9.55% | 2.17x | $11.48K |
| Lopez Holdings Corp (LPZ) | $78.78 Billion | 6.90% | 4.44x | $571.70 |
| Manila Electric Co (MER) | $95.20 Billion | 24.68% | 4.08x | $95.40K |
| Synergy Grid and Development Phils Inc (SGP) | $7.75 Million | 103833.65% | 0.06x | $3.04K |
| SPC Power Corp (SPC) | $9.88 Billion | 18.77% | 0.11x | $1.73K |
| Solar Philippines Nueva Ecija Corp (SPNEC) | $-986.94K | 0.00% | 0.00x | $207.05 |