Thessaloniki Port Authority SA
Thessaloniki Port Authority Societe Anonyme offers transportation services in Greece. It operates through four segments: Container Terminal, Conventional Cargo, Passenger Traffic, and Utilization of Facilities. The company provides containers unitized cargoes; conventional cargoes, such as bulk, general, and RO-RO; coastal and cruise passenger services; ship anchoring, mooring, berthing, and othe… Read more
Thessaloniki Port Authority SA (OLTH) - Net Assets
Latest net assets as of June 2025: €193.47 Million EUR
Based on the latest financial reports, Thessaloniki Port Authority SA (OLTH) has net assets worth €193.47 Million EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€269.52 Million) and total liabilities (€76.05 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 | €193.47 Million |
| % of Total Assets | 71.78% |
| Annual Growth Rate | 4.38% |
| 5-Year Change | 17.22% |
| 10-Year Change | 55.57% |
| Growth Volatility | 3.13 |
Thessaloniki Port Authority SA - Net Assets Trend (2014–2024)
This chart illustrates how Thessaloniki Port Authority SA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Thessaloniki Port Authority SA (2014–2024)
The table below shows the annual net assets of Thessaloniki Port Authority SA from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €197.71 Million | +8.15% |
| 2023-12-31 | €182.81 Million | +3.06% |
| 2022-12-31 | €177.39 Million | +2.53% |
| 2021-12-31 | €173.01 Million | +2.57% |
| 2020-12-31 | €168.67 Million | +4.61% |
| 2019-12-31 | €161.24 Million | +7.03% |
| 2018-12-31 | €150.64 Million | +9.28% |
| 2017-12-31 | €137.85 Million | +1.77% |
| 2016-12-31 | €135.46 Million | +6.58% |
| 2015-12-31 | €127.09 Million | -1.31% |
| 2014-12-31 | €128.77 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thessaloniki Port Authority SA'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 0.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €98.38 Million | 49.76% |
| Other Components | €99.33 Million | 50.24% |
| Total Equity | €197.71 Million | 100.00% |
Thessaloniki Port Authority SA Competitors by Market Cap
The table below lists competitors of Thessaloniki Port Authority SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kukdo Chemical
KO:007690
|
$75.85 Million |
|
Cornish Metals Inc
PINK:SBWFF
|
$75.90 Million |
|
Catella AB (publ)
ST:CAT-B
|
$75.92 Million |
|
KUZEY BORU
IS:KBORU
|
$75.93 Million |
|
MIDSONA AB B 2 SK 5
F:9KF
|
$75.84 Million |
|
ADF Foods Limited
NSE:ADFFOODS
|
$75.83 Million |
|
SOUTH MANGAN.INV. HD-05
F:00D0
|
$75.72 Million |
|
Koryx Copper Inc.
OTCQB:KRYXF
|
$75.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thessaloniki Port Authority SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 182,807,000 to 197,706,000, a change of 14,899,000 (8.2%).
- Net income of 28,023,000 contributed positively to equity growth.
- Dividend payments of 13,104,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €28.02 Million | +14.17% |
| Dividends Paid | €13.10 Million | -6.63% |
| Other Changes | €-20.00K | -0.01% |
| Total Change | €- | 8.15% |
Book Value vs Market Value Analysis
This analysis compares Thessaloniki Port Authority SA'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: 1.84x
- 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 2.42x to 1.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | €14.94 | €36.10 | x |
| 2019-12-31 | €16.00 | €36.10 | x |
| 2020-12-31 | €16.73 | €36.10 | x |
| 2021-12-31 | €17.16 | €36.10 | x |
| 2022-12-31 | €17.60 | €36.10 | x |
| 2023-12-31 | €18.14 | €36.10 | x |
| 2024-12-31 | €19.61 | €36.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thessaloniki Port Authority SA 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): 14.17%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.84%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 1.38x
- Recent ROE (14.17%) is above the historical average (11.54%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 16.54% | 38.85% | 0.38x | 1.14x | €8.42 Million |
| 2015 | 14.10% | 35.21% | 0.36x | 1.11x | €5.21 Million |
| 2016 | 10.40% | 29.31% | 0.32x | 1.11x | €538.97K |
| 2017 | 5.25% | 13.36% | 0.35x | 1.13x | €-6.54 Million |
| 2018 | 11.39% | 29.30% | 0.35x | 1.13x | €2.09 Million |
| 2019 | 10.20% | 23.85% | 0.31x | 1.39x | €328.67K |
| 2020 | 11.91% | 28.00% | 0.30x | 1.41x | €3.22 Million |
| 2021 | 11.44% | 25.41% | 0.32x | 1.41x | €2.49 Million |
| 2022 | 10.48% | 22.61% | 0.33x | 1.41x | €854.40K |
| 2023 | 11.08% | 23.58% | 0.34x | 1.38x | €1.97 Million |
| 2024 | 14.17% | 27.84% | 0.37x | 1.38x | €8.25 Million |
Industry Comparison
This section compares Thessaloniki Port Authority SA's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $388,229,430
- Average return on equity (ROE) among peers: 6.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thessaloniki Port Authority SA (OLTH) | €193.47 Million | 16.54% | 0.39x | $75.85 Million |
| Attica Holdings S.A. (ATTICA) | $501.56 Million | 3.49% | 1.55x | $113.93 Million |
| Piraeus Port Authority S.A (PPA) | $274.90 Million | 9.58% | 0.75x | $250.51 Million |