AES Brasil Energia S.A
AES Brasil Energia S.A., together with its subsidiaries, engages in the renewable energy generation business in Brazil. The company generates electricity through hydroelectric, wind, and solar sources. Its portfolio of assets has a total installed capacity of approximately 4.5 GW. The company was incorporated in 2020 and is based in São Paulo, Brazil.
AES Brasil Energia S.A (AESB3) - Net Assets
Latest net assets as of June 2024: R$5.31 Billion BRL
Based on the latest financial reports, AES Brasil Energia S.A (AESB3) has net assets worth R$5.31 Billion BRL as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$20.30 Billion) and total liabilities (R$14.99 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 | R$5.31 Billion |
| % of Total Assets | 26.16% |
| Annual Growth Rate | 13.55% |
| 5-Year Change | 284.48% |
| 10-Year Change | N/A |
| Growth Volatility | 233.61 |
AES Brasil Energia S.A - Net Assets Trend (2015–2023)
This chart illustrates how AES Brasil Energia S.A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for AES Brasil Energia S.A (2015–2023)
The table below shows the annual net assets of AES Brasil Energia S.A from 2015 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | R$5.58 Billion | +0.10% |
| 2022-12-31 | R$5.57 Billion | +38.16% |
| 2021-12-31 | R$4.03 Billion | +149.25% |
| 2020-12-31 | R$-8.19 Billion | -664.51% |
| 2019-12-31 | R$1.45 Billion | -4.75% |
| 2018-12-31 | R$1.52 Billion | -2.20% |
| 2017-12-31 | R$1.56 Billion | -1.29% |
| 2016-12-31 | R$1.58 Billion | -21.82% |
| 2015-12-31 | R$2.02 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to AES Brasil Energia S.A'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 123105700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$1.23 Billion | 27.24% |
| Common Stock | R$2.20 Billion | 48.62% |
| Other Comprehensive Income | R$2.32 Billion | 51.38% |
| Total Equity | R$4.52 Billion | 100.00% |
AES Brasil Energia S.A Competitors by Market Cap
The table below lists competitors of AES Brasil Energia S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mega First Corporation Bhd
KLSE:3069
|
$291.28 Million |
|
The India Cements Limited
NSE:INDIACEM
|
$291.30 Million |
|
China United Travel Co Ltd
SHG:600358
|
$291.34 Million |
|
Harworth Group plc
PINK:HWGLF
|
$291.36 Million |
|
Oma Saastopankki Oyj
HE:OMASP
|
$291.23 Million |
|
Beijing Huaru Technology Co. Ltd.
SHE:301302
|
$291.07 Million |
|
Sichuan Tianyi Comheart Telecom Co Ltd Class A
SHE:300504
|
$290.99 Million |
|
New Providence Acquisition Corp. III Units
NASDAQ:NPACU
|
$290.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AES Brasil Energia S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 4,391,178,000 to 4,518,967,000, a change of 127,789,000 (2.9%).
- Net income of 134,041,000 contributed positively to equity growth.
- Dividend payments of 217,701,000 reduced retained earnings.
- Share repurchases of 103,231,000 reduced equity.
- New share issuances of 107,139,000 increased equity.
- Other comprehensive income increased equity by 158,825,999.
- Other factors increased equity by 48,715,001.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$134.04 Million | +2.97% |
| Dividends Paid | R$217.70 Million | -4.82% |
| Share Repurchases | R$103.23 Million | -2.28% |
| Share Issuances | R$107.14 Million | +2.37% |
| Other Comprehensive Income | R$158.83 Million | +3.51% |
| Other Changes | R$48.72 Million | +1.08% |
| Total Change | R$- | 2.91% |
Book Value vs Market Value Analysis
This analysis compares AES Brasil Energia S.A'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: 1.10x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.31x to 1.10x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | R$26.03 | R$8.11 | x |
| 2016-12-31 | R$3.85 | R$8.11 | x |
| 2017-12-31 | R$3.79 | R$8.11 | x |
| 2018-12-31 | R$3.67 | R$8.11 | x |
| 2019-12-31 | R$3.58 | R$8.11 | x |
| 2020-12-31 | R$0.00 | R$8.11 | x |
| 2021-12-31 | R$9.80 | R$8.11 | x |
| 2022-12-31 | R$8.26 | R$8.11 | x |
| 2023-12-31 | R$7.38 | R$8.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AES Brasil Energia S.A 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): 2.97%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.91%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 4.31x
- Recent ROE (2.97%) is below the historical average (18844924.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 19.50% | 14.99% | 0.55x | 2.36x | R$191.74 Million |
| 2016 | 22.72% | 22.96% | 0.37x | 2.65x | R$200.72 Million |
| 2017 | 19.15% | 17.26% | 0.25x | 4.38x | R$142.51 Million |
| 2018 | 18.90% | 14.97% | 0.25x | 4.99x | R$135.62 Million |
| 2019 | 20.68% | 15.02% | 0.26x | 5.37x | R$155.00 Million |
| 2020 | 169604200.00% | 42.17% | 4022384.00x | 1.00x | R$848.02 Million |
| 2021 | 11.61% | 19.14% | 0.17x | 3.68x | R$51.98 Million |
| 2022 | 7.29% | 11.25% | 0.15x | 4.31x | R$-118.97 Million |
| 2023 | 2.97% | 3.91% | 0.18x | 4.31x | R$-317.86 Million |
Industry Comparison
This section compares AES Brasil Energia S.A's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $5,621,988,600
- Average return on equity (ROE) among peers: 6.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AES Brasil Energia S.A (AESB3) | R$5.31 Billion | 19.50% | 2.82x | $291.27 Million |
| Alupar Investimento SA (ALUP11) | $4.56 Billion | 6.82% | 1.24x | $2.54 Billion |
| Auren Energia S.A. (AURE3) | $15.25 Billion | 17.53% | 1.12x | $1.22 Billion |
| Light S.A (LIGT3) | $3.15 Billion | 0.00% | 3.81x | $259.99 Million |
| Raízen S.A. (RAIZ4) | $4.34 Billion | 24.52% | 0.94x | $90.08 Million |
| Renova Energia S.A (RNEW11) | $815.95 Million | -14.35% | 2.75x | $10.95 Million |