Innergex Renewable Energy Inc. (INE) - Net Assets
Based on the latest financial reports, Innergex Renewable Energy Inc. (INE) has net assets worth CA$1.10 Billion CAD (≈ $792.30 Million USD) as of March 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$9.56 Billion ≈ $6.91 Billion USD) and total liabilities (CA$8.46 Billion ≈ $6.12 Billion USD). 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. Check Innergex Renewable Energy Inc. (INE) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$1.10 Billion |
| % of Total Assets | 11.46% |
| Annual Growth Rate | 45.35% |
| 5-Year Change | 41.81% |
| 10-Year Change | 222.05% |
| Growth Volatility | 2891.24 |
Innergex Renewable Energy Inc. - Net Assets Trend (2006–2024)
This chart illustrates how Innergex Renewable Energy Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore INE current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Innergex Renewable Energy Inc. (2006–2024)
The table below shows the annual net assets of Innergex Renewable Energy Inc. from 2006 to 2024. For live valuation and market cap data, see Innergex Renewable Energy Inc. market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$1.52 Billion ≈ $1.10 Billion |
+26.00% |
| 2023-12-31 | CA$1.21 Billion ≈ $871.92 Million |
-18.91% |
| 2022-12-31 | CA$1.49 Billion ≈ $1.08 Billion |
+9.24% |
| 2021-12-31 | CA$1.36 Billion ≈ $984.30 Million |
+27.06% |
| 2020-12-31 | CA$1.07 Billion ≈ $774.70 Million |
+74.04% |
| 2019-12-31 | CA$615.33 Million ≈ $445.12 Million |
-35.87% |
| 2018-12-31 | CA$959.56 Million ≈ $694.13 Million |
+113.15% |
| 2017-12-31 | CA$450.19 Million ≈ $325.66 Million |
-7.22% |
| 2016-12-31 | CA$485.23 Million ≈ $351.01 Million |
+2.90% |
| 2015-12-31 | CA$471.56 Million ≈ $341.12 Million |
-16.13% |
| 2014-12-31 | CA$562.23 Million ≈ $406.70 Million |
-15.57% |
| 2013-12-31 | CA$665.93 Million ≈ $481.73 Million |
-3.20% |
| 2012-12-31 | CA$687.93 Million ≈ $497.64 Million |
+18.79% |
| 2011-12-31 | CA$579.12 Million ≈ $418.92 Million |
+66.73% |
| 2010-12-31 | CA$347.35 Million ≈ $251.26 Million |
+89.53% |
| 2009-12-31 | CA$183.27 Million ≈ $132.57 Million |
-8.59% |
| 2008-12-31 | CA$200.48 Million ≈ $145.03 Million |
-13.04% |
| 2007-12-31 | CA$230.54 Million ≈ $166.77 Million |
+12639.07% |
| 2006-12-31 | CA$1.81 Million ≈ $1.31 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Innergex Renewable Energy 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 decreased by 98909.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$2.01 Million | 0.18% |
| Other Components | CA$2.90 Billion | 258.08% |
| Total Equity | CA$1.13 Billion | 100.00% |
Innergex Renewable Energy Inc. Competitors by Market Cap
The table below lists competitors of Innergex Renewable Energy Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chongqing Fuling Zhacai Group Co Ltd
SHE:002507
|
$2.01 Billion |
|
Baoding Heavy Industry Co Ltd
SHE:002552
|
$2.01 Billion |
|
Sinosoft Co Ltd
SHG:603927
|
$2.01 Billion |
|
Wuxi Best Precision Machinery Co Ltd
SHE:300580
|
$2.01 Billion |
|
HHC Changzhou Corp.
SHE:301061
|
$2.00 Billion |
|
MVV Energie AG
F:MVV1
|
$2.00 Billion |
|
Gränges AB (publ)
ST:GRNG
|
$2.00 Billion |
|
Chengzhi Shareholding Co Ltd
SHE:000990
|
$2.00 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Innergex Renewable Energy Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,086,883,000 to 1,125,638,000, a change of 38,755,000 (3.6%).
- Net income of 15,893,000 contributed positively to equity growth.
- Dividend payments of 96,604,000 reduced retained earnings.
- Share repurchases of 14,853,000 reduced equity.
- Other comprehensive income decreased equity by 135,709,000.
- Other factors increased equity by 270,028,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$15.89 Million | +1.41% |
| Dividends Paid | CA$96.60 Million | -8.58% |
| Share Repurchases | CA$14.85 Million | -1.32% |
| Other Comprehensive Income | CA$-135.71 Million | -12.06% |
| Other Changes | CA$270.03 Million | +23.99% |
| Total Change | CA$- | 3.57% |
Book Value vs Market Value Analysis
This analysis compares Innergex Renewable Energy 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: 2.46x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 10.32x to 2.46x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | CA$1.33 | CA$13.74 | x |
| 2007-12-31 | CA$68.12 | CA$13.74 | x |
| 2008-12-31 | CA$8.47 | CA$13.74 | x |
| 2009-12-31 | CA$4.27 | CA$13.74 | x |
| 2010-12-31 | CA$6.26 | CA$13.74 | x |
| 2011-12-31 | CA$6.13 | CA$13.74 | x |
| 2012-12-31 | CA$6.69 | CA$13.74 | x |
| 2013-12-31 | CA$6.17 | CA$13.74 | x |
| 2014-12-31 | CA$5.22 | CA$13.74 | x |
| 2015-12-31 | CA$4.38 | CA$13.74 | x |
| 2016-12-31 | CA$4.37 | CA$13.74 | x |
| 2017-12-31 | CA$3.98 | CA$13.74 | x |
| 2018-12-31 | CA$4.81 | CA$13.74 | x |
| 2019-12-31 | CA$4.49 | CA$13.74 | x |
| 2020-12-31 | CA$5.92 | CA$13.74 | x |
| 2021-12-31 | CA$6.04 | CA$13.74 | x |
| 2022-12-31 | CA$6.52 | CA$13.74 | x |
| 2023-12-31 | CA$5.34 | CA$13.74 | x |
| 2024-12-31 | CA$5.58 | CA$13.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Innergex Renewable Energy Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.41%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.52%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 8.39x
- Recent ROE (1.41%) is above the historical average (-2.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 9.88% | 2.87% | 1.66x | 2.08x | CA$-2.21K |
| 2007 | 0.81% | 23.13% | 0.02x | 1.49x | CA$-21.19 Million |
| 2008 | -17.04% | -578.01% | 0.01x | 2.19x | CA$-53.81 Million |
| 2009 | -8.36% | -59.78% | 0.06x | 2.43x | CA$-33.66 Million |
| 2010 | -1.05% | -4.11% | 0.10x | 2.68x | CA$-38.39 Million |
| 2011 | -8.73% | -27.35% | 0.07x | 4.38x | CA$-87.02 Million |
| 2012 | 0.24% | 0.78% | 0.08x | 4.00x | CA$-56.63 Million |
| 2013 | 8.24% | 24.30% | 0.08x | 4.07x | CA$-10.28 Million |
| 2014 | -10.65% | -22.68% | 0.09x | 5.28x | CA$-106.33 Million |
| 2015 | -6.74% | -12.27% | 0.08x | 6.96x | CA$-75.27 Million |
| 2016 | 7.64% | 12.28% | 0.08x | 7.66x | CA$-11.09 Million |
| 2017 | 6.89% | 7.50% | 0.10x | 9.63x | CA$-13.52 Million |
| 2018 | 5.19% | 5.67% | 0.09x | 10.29x | CA$-30.29 Million |
| 2019 | -8.77% | -9.52% | 0.09x | 10.54x | CA$-113.46 Million |
| 2020 | -2.89% | -4.75% | 0.09x | 7.09x | CA$-130.00 Million |
| 2021 | -16.96% | -24.81% | 0.10x | 6.77x | CA$-294.71 Million |
| 2022 | -6.92% | -10.47% | 0.10x | 6.54x | CA$-222.73 Million |
| 2023 | -9.06% | -9.45% | 0.12x | 8.23x | CA$-207.14 Million |
| 2024 | 1.41% | 1.52% | 0.11x | 8.39x | CA$-96.67 Million |
Industry Comparison
This section compares Innergex Renewable Energy Inc.'s net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $2,671,283,760
- Average return on equity (ROE) among peers: -19.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Innergex Renewable Energy Inc. (INE) | CA$1.10 Billion | 9.88% | 7.73x | $2.01 Billion |
| Brookfield Renewable Partners L.P (BEP-UN) | $17.21 Billion | 0.35% | 0.98x | $10.47 Billion |
| Boralex Inc (BLX) | $901.00 Million | -3.33% | 4.27x | $2.74 Billion |
| Greenbriar Capital Corp (GRB) | $315.02K | -9.54% | 0.03x | $16.25 Million |
| Northland Power Inc. (NPI) | $366.94 Million | 7.40% | 0.57x | $4.35 Billion |
| Polaris Infrastructure Inc (PIF) | $212.28 Million | -28.33% | 1.39x | $188.63 Million |
| RE Royalties Ltd (RE) | $7.00 Million | -132.48% | 6.69x | $12.59 Million |
| Synex International Inc. (SXI) | $5.45 Million | 28.28% | 0.17x | $8.66 Million |
About Innergex Renewable Energy Inc.
Innergex Renewable Energy Inc. operates as an independent renewable power producer in Canada, the United States, France, and Chile. It operates through three segments: Hydroelectric, Wind, and Solar and Storage. The company acquires, owns, develops, and operates renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. As of February 21, 2… Read more