Cortus Energy AB (publ)
Cortus Energy AB (publ), together with its subsidiaries, provides renewable energy in Sweden and internationally. The company develops and markets WoodRoll technology, which converts biomass to renewable syngas. It serves steel, transport, electricity and heat, and chemical industries. Cortus Energy AB (publ) was incorporated in 2004 and is headquartered in Kista, Sweden.
Cortus Energy AB (publ) (CE) - Net Assets
Latest net assets as of December 2024: Skr-3.66 Million SEK
Based on the latest financial reports, Cortus Energy AB (publ) (CE) has net assets worth Skr-3.66 Million SEK as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr79.39 Million) and total liabilities (Skr83.05 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 | Skr-3.66 Million |
| % of Total Assets | -4.61% |
| Annual Growth Rate | N/A |
| 5-Year Change | -137.65% |
| 10-Year Change | -109.57% |
| Growth Volatility | 221.38 |
Cortus Energy AB (publ) - Net Assets Trend (2007–2024)
This chart illustrates how Cortus Energy AB (publ)'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Cortus Energy AB (publ) (2007–2024)
The table below shows the annual net assets of Cortus Energy AB (publ) from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Skr-3.66 Million | +79.47% |
| 2023-12-31 | Skr-17.82 Million | -137.28% |
| 2022-12-31 | Skr47.80 Million | -45.90% |
| 2021-12-31 | Skr88.36 Million | +809.49% |
| 2020-12-31 | Skr9.71 Million | -84.07% |
| 2019-12-31 | Skr61.00 Million | -15.21% |
| 2018-12-31 | Skr71.95 Million | +62.24% |
| 2017-12-31 | Skr44.35 Million | -5.30% |
| 2016-12-31 | Skr46.83 Million | +22.48% |
| 2015-12-31 | Skr38.23 Million | -30.81% |
| 2014-12-31 | Skr55.26 Million | -26.47% |
| 2013-12-31 | Skr75.16 Million | +337.68% |
| 2012-12-31 | Skr17.17 Million | +197.35% |
| 2011-12-31 | Skr5.78 Million | -90.39% |
| 2010-12-31 | Skr60.10 Million | +1.21% |
| 2009-12-31 | Skr59.38 Million | +66.37% |
| 2008-12-31 | Skr35.69 Million | +4.78% |
| 2007-12-31 | Skr34.06 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cortus Energy AB (publ)'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 3595700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Total Equity | Skr-3.66 Million | 100.00% |
Cortus Energy AB (publ) Competitors by Market Cap
The table below lists competitors of Cortus Energy AB (publ) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
OCEAN-GEOLOOP AS NK -01
F:FQ4
|
$1.93 Million |
|
HELIX Resources Ltd
AU:HLX
|
$1.93 Million |
|
RESMED (RME.SG)
STU:RME
|
$1.93 Million |
|
Cambridge Technology Enterprises Limited
NSE:CTE
|
$1.93 Million |
|
RanLOS AB Series B
ST:RLOS-B
|
$1.93 Million |
|
REPUBLIC SERVICES (RPU.SG)
STU:RPU
|
$1.93 Million |
|
HN30
F:HN30
|
$1.93 Million |
|
Current Water Technologies Inc
PINK:ENPRF
|
$1.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cortus Energy AB (publ)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -17,819,000 to -3,658,000, a change of 14,161,000.
- Net loss of 53,689,000 reduced equity.
- Other comprehensive income increased equity by 555,040,000.
- Other factors decreased equity by 487,190,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr-53.69 Million | -1467.71% |
| Other Comprehensive Income | Skr555.04 Million | +15173.32% |
| Other Changes | Skr-487.19 Million | -13318.48% |
| Total Change | Skr- | % |
Book Value vs Market Value Analysis
This analysis compares Cortus Energy AB (publ)'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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | Skr6262.73 | Skr0.18 | x |
| 2008-12-31 | Skr6562.27 | Skr0.18 | x |
| 2009-12-31 | Skr4710.43 | Skr0.18 | x |
| 2010-12-31 | Skr1140.36 | Skr0.18 | x |
| 2011-12-31 | Skr51.35 | Skr0.18 | x |
| 2012-12-31 | Skr144.11 | Skr0.18 | x |
| 2013-12-31 | Skr67.02 | Skr0.18 | x |
| 2014-12-31 | Skr16.80 | Skr0.18 | x |
| 2015-12-31 | Skr16.54 | Skr0.18 | x |
| 2016-12-31 | Skr11.01 | Skr0.18 | x |
| 2017-12-31 | Skr6.93 | Skr0.18 | x |
| 2018-12-31 | Skr8.67 | Skr0.18 | x |
| 2019-12-31 | Skr3.01 | Skr0.18 | x |
| 2020-12-31 | Skr0.42 | Skr0.18 | x |
| 2021-12-31 | Skr3.26 | Skr0.18 | x |
| 2022-12-31 | Skr1.44 | Skr0.18 | x |
| 2023-12-31 | Skr-0.53 | Skr0.18 | x |
| 2024-12-31 | Skr-0.05 | Skr0.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cortus Energy AB (publ) 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1343.57%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-187.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -27.54% | -45.80% | 0.50x | 1.21x | Skr-12.78 Million |
| 2008 | 3.49% | 3.69% | 0.76x | 1.25x | Skr-2.32 Million |
| 2009 | -66.78% | -76.55% | 0.31x | 2.81x | Skr-45.59 Million |
| 2010 | -124.83% | -101.03% | 0.45x | 2.74x | Skr-81.03 Million |
| 2011 | -1640.50% | -115535.37% | 0.01x | 2.62x | Skr-95.32 Million |
| 2012 | -3.41% | -6.14% | 0.40x | 1.40x | Skr-2.30 Million |
| 2013 | -19.26% | -665.73% | 0.03x | 1.07x | Skr-21.99 Million |
| 2014 | -35.89% | -1043.45% | 0.03x | 1.13x | Skr-25.36 Million |
| 2015 | -85.58% | 0.00% | 0.00x | 1.12x | Skr-36.54 Million |
| 2016 | -41.07% | -1556.15% | 0.02x | 1.52x | Skr-23.92 Million |
| 2017 | -49.42% | -510.43% | 0.05x | 1.94x | Skr-26.35 Million |
| 2018 | -154.21% | -71582.58% | 0.00x | 1.86x | Skr-118.15 Million |
| 2019 | -117.84% | -17575.79% | 0.00x | 1.76x | Skr-77.99 Million |
| 2020 | -781.78% | -5401.85% | 0.01x | 12.30x | Skr-76.92 Million |
| 2021 | -88.98% | -109195.83% | 0.00x | 1.46x | Skr-87.46 Million |
| 2022 | -132.95% | -757.96% | 0.07x | 2.35x | Skr-68.34 Million |
| 2023 | 0.00% | -1228.67% | 0.08x | 0.00x | Skr-81.74 Million |
| 2024 | 0.00% | -1343.57% | 0.05x | 0.00x | Skr-53.32 Million |
Industry Comparison
This section compares Cortus Energy AB (publ)'s net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $517,174,597
- Average return on equity (ROE) among peers: 3.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cortus Energy AB (publ) (CE) | Skr-3.66 Million | -27.54% | N/A | $1.93 Million |
| Arise Windpower AB (ARISE) | $1.62 Billion | 47.77% | 0.80x | $90.66 Million |
| Dlaboratory Sweden AB (DLAB) | $36.87 Million | -43.74% | 0.31x | $2.86 Million |
| Eolus Vind AB (publ) (EOLU-B) | $815.92 Million | 23.83% | 1.32x | $62.27 Million |
| Minesto AB (MINEST) | $522.75 Million | -5.19% | 0.06x | $10.33 Million |
| Orrön Energy AB (publ) (ORRON) | $107.13 Million | -1.78% | 1.94x | $103.43 Million |
| ZAZZ Energy of Sweden AB (ZAZZ-B) | $4.37 Million | 0.00% | 0.00x | $6.14 |