EnWave Corporation (ENW) - Net Assets
Based on the latest financial reports, EnWave Corporation (ENW) has net assets worth CA$11.99 Million CAD (≈ $8.67 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$18.55 Million ≈ $13.42 Million USD) and total liabilities (CA$6.55 Million ≈ $4.74 Million 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. Read ENW total debt and obligations for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$11.99 Million |
| % of Total Assets | 64.66% |
| Annual Growth Rate | -2.83% |
| 5-Year Change | -47.84% |
| 10-Year Change | -1.79% |
| Growth Volatility | 40.23 |
EnWave Corporation - Net Assets Trend (2014–2025)
This chart illustrates how EnWave Corporation's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of EnWave Corporation for the complete picture of this company's asset base.
Annual Net Assets for EnWave Corporation (2014–2025)
The table below shows the annual net assets of EnWave Corporation from 2014 to 2025. For live valuation and market cap data, see ENW market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | CA$11.99 Million ≈ $8.67 Million |
+27.28% |
| 2024-09-30 | CA$9.42 Million ≈ $6.82 Million |
-18.52% |
| 2023-09-30 | CA$11.56 Million ≈ $8.36 Million |
-34.41% |
| 2022-09-30 | CA$17.63 Million ≈ $12.75 Million |
-23.32% |
| 2021-09-30 | CA$22.99 Million ≈ $16.63 Million |
-18.92% |
| 2020-09-30 | CA$28.35 Million ≈ $20.51 Million |
-8.38% |
| 2019-09-30 | CA$30.94 Million ≈ $22.38 Million |
+82.86% |
| 2018-09-30 | CA$16.92 Million ≈ $12.24 Million |
+68.68% |
| 2017-09-30 | CA$10.03 Million ≈ $7.26 Million |
-17.83% |
| 2016-09-30 | CA$12.21 Million ≈ $8.83 Million |
+31.12% |
| 2015-09-30 | CA$9.31 Million ≈ $6.74 Million |
-43.35% |
| 2014-09-30 | CA$16.44 Million ≈ $11.89 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to EnWave Corporation'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 4296800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$95.99 Million | 800.55% |
| Total Equity | CA$11.99 Million | 100.00% |
EnWave Corporation Competitors by Market Cap
The table below lists competitors of EnWave Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Superlon Holdings Bhd
KLSE:7235
|
$24.49 Million |
|
Excel Force MSC Bhd
KLSE:0065
|
$24.50 Million |
|
Andalan Perkasa Abadi Tbk PT
JK:NASA
|
$24.50 Million |
|
Sunrise New Energy Co. Ltd
NASDAQ:EPOW
|
$24.50 Million |
|
Jupiter Energy Ltd
AU:JPR
|
$24.47 Million |
|
IQuest Co. Ltd.
KQ:262840
|
$24.46 Million |
|
CANADIAN NORTH RESOURCES
F:EO0
|
$24.46 Million |
|
Viking Kagit ve Seluloz AS
IS:VKING
|
$24.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in EnWave Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,421,000 to 11,991,000, a change of 2,570,000 (27.3%).
- Net loss of 418,000 reduced equity.
- New share issuances of 3,000,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-418.00K | -3.49% |
| Share Issuances | CA$3.00 Million | +25.02% |
| Other Changes | CA$-12.00K | -0.1% |
| Total Change | CA$- | 27.28% |
Book Value vs Market Value Analysis
This analysis compares EnWave Corporation'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: 2.82x
- 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 3.13x to 2.82x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-09-30 | CA$0.09 | CA$0.29 | x |
| 2018-09-30 | CA$0.17 | CA$0.29 | x |
| 2019-09-30 | CA$0.28 | CA$0.29 | x |
| 2020-09-30 | CA$0.25 | CA$0.29 | x |
| 2021-09-30 | CA$0.21 | CA$0.29 | x |
| 2022-09-30 | CA$0.16 | CA$0.29 | x |
| 2023-09-30 | CA$0.10 | CA$0.29 | x |
| 2024-09-30 | CA$0.09 | CA$0.29 | x |
| 2025-09-30 | CA$0.10 | CA$0.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently EnWave Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3.49%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.02%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 1.55x
- Recent ROE (-3.49%) is above the historical average (-31.65%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -39.67% | -534.14% | 0.05x | 1.36x | CA$-8.01 Million |
| 2015 | -107.30% | -147.55% | 0.45x | 1.60x | CA$-9.46 Million |
| 2016 | -19.61% | -14.16% | 1.00x | 1.39x | CA$-3.19 Million |
| 2017 | -41.01% | -21.25% | 1.20x | 1.61x | CA$-4.22 Million |
| 2018 | -7.65% | -5.67% | 1.03x | 1.31x | CA$-2.99 Million |
| 2019 | -6.42% | -4.64% | 0.99x | 1.40x | CA$-5.08 Million |
| 2020 | -15.66% | -13.51% | 0.81x | 1.43x | CA$-7.28 Million |
| 2021 | -17.94% | -15.58% | 0.86x | 1.33x | CA$-6.42 Million |
| 2022 | -39.30% | -62.70% | 0.43x | 1.47x | CA$-8.69 Million |
| 2023 | -56.32% | -57.31% | 0.71x | 1.39x | CA$-7.67 Million |
| 2024 | -25.45% | -29.31% | 0.62x | 1.40x | CA$-3.34 Million |
| 2025 | -3.49% | -3.02% | 0.75x | 1.55x | CA$-1.62 Million |
Industry Comparison
This section compares EnWave Corporation's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $81,729,269
- Average return on equity (ROE) among peers: -13.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| EnWave Corporation (ENW) | CA$11.99 Million | -39.67% | 0.55x | $24.47 Million |
| ATS CORP (ATS) | $509.09 Million | -16.75% | 0.57x | $3.08 Billion |
| Composite Alliance Group Inc (CAG) | $-5.80 Million | 0.00% | 0.00x | $1.59 Million |
| CLEANTEK Industries Inc (CTEK) | $1.39 Million | 90.93% | 8.82x | $15.90 Million |
| DynaCERT Inc. (DYA) | $13.52 Million | -94.04% | 0.24x | $51.48 Million |
| Next Hydrogen Solutions Inc. (NXH) | $23.91 Million | -59.73% | 0.41x | $27.03 Million |
| Reko International Group Inc (REKO) | $60.63 Million | 7.64% | 0.75x | $18.61 Million |
| Savaria Corporation (SIS) | $26.34 Million | 7.23% | 0.53x | $1.54 Billion |
| Titan Logix Corp. (TLA) | $7.76 Million | 21.97% | 0.15x | $9.58 Million |
| Velan Inc. (VLN) | $98.74 Million | -76.46% | 4.08x | $66.40 Million |
About EnWave Corporation
EnWave Corporation designs, constructs, markets, and sells vacuum-microwave dehydration machinery for the food, cannabis, and biomaterial industries in Canada, the United States, and internationally. The company licenses radiant energy vacuum (REV) technology that applies microwave energy under vacuum for drying food products, cannabis, biomaterials, and pharmaceutical products and ingredients. I… Read more