Steamships Trading Company Ltd
Steamships Trading Company Limited engages in the shipping, transport, property, and hospitality operation businesses in Papua New Guinea. It operates through three segments: Property and Hospitality, Logistics, and Commercial and Investment. The company offers scheduled services to manufacturers, wholesalers, and liner carriers; depot services comprising equipment hire, warehousing, and bonded o… Read more
Steamships Trading Company Ltd (SST) - Net Assets
Latest net assets as of December 2025: AU$1.13 Billion AUD
Based on the latest financial reports, Steamships Trading Company Ltd (SST) has net assets worth AU$1.13 Billion AUD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$1.92 Billion) and total liabilities (AU$785.45 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 | AU$1.13 Billion |
| % of Total Assets | 59.09% |
| Annual Growth Rate | 6.95% |
| 5-Year Change | 11.12% |
| 10-Year Change | 28.64% |
| Growth Volatility | 16.26 |
Steamships Trading Company Ltd - Net Assets Trend (1988–2025)
This chart illustrates how Steamships Trading Company Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Steamships Trading Company Ltd (1988–2025)
The table below shows the annual net assets of Steamships Trading Company Ltd from 1988 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | AU$1.13 Billion | +4.56% |
| 2024-12-31 | AU$1.08 Billion | +1.43% |
| 2023-12-31 | AU$1.07 Billion | +2.45% |
| 2022-12-31 | AU$1.04 Billion | +2.27% |
| 2021-12-31 | AU$1.02 Billion | +5.92% |
| 2020-12-31 | AU$963.83 Million | +6.76% |
| 2019-12-31 | AU$902.79 Million | -3.96% |
| 2018-12-31 | AU$940.03 Million | +7.05% |
| 2017-12-31 | AU$878.15 Million | -0.42% |
| 2016-12-31 | AU$881.84 Million | +5.41% |
| 2015-12-31 | AU$836.60 Million | +9.11% |
| 2014-12-31 | AU$766.74 Million | +3.62% |
| 2013-12-31 | AU$739.92 Million | -2.83% |
| 2012-12-31 | AU$761.50 Million | +16.45% |
| 2011-12-31 | AU$653.91 Million | +27.63% |
| 2010-12-31 | AU$512.35 Million | +21.43% |
| 2009-12-31 | AU$421.94 Million | +22.25% |
| 2008-12-31 | AU$345.13 Million | +18.15% |
| 2007-12-31 | AU$292.11 Million | +14.95% |
| 2006-12-31 | AU$254.13 Million | +10.29% |
| 2005-12-31 | AU$230.42 Million | +19.52% |
| 2004-12-31 | AU$192.79 Million | +6.02% |
| 2003-12-31 | AU$181.84 Million | +3.33% |
| 2002-12-31 | AU$175.98 Million | +0.58% |
| 2001-12-31 | AU$174.97 Million | -1.19% |
| 2000-12-31 | AU$177.07 Million | +2.26% |
| 1999-12-31 | AU$173.17 Million | +66.52% |
| 1998-12-31 | AU$103.99 Million | -9.75% |
| 1997-12-31 | AU$115.23 Million | +2.15% |
| 1996-12-31 | AU$112.81 Million | -0.74% |
| 1995-12-31 | AU$113.65 Million | +0.29% |
| 1994-12-31 | AU$113.31 Million | -19.91% |
| 1993-12-31 | AU$141.48 Million | +8.69% |
| 1992-12-31 | AU$130.17 Million | +56.57% |
| 1989-12-31 | AU$83.14 Million | -11.99% |
| 1988-12-31 | AU$94.47 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Steamships Trading Company Ltd'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 2071.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$1.09 Billion | 97.83% |
| Common Stock | AU$24.22 Million | 2.17% |
| Other Components | AU$1.00 | 0.00% |
| Total Equity | AU$1.11 Billion | 100.00% |
Steamships Trading Company Ltd Competitors by Market Cap
The table below lists competitors of Steamships Trading Company Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
OpenSys M Bhd
KLSE:0040
|
$16.66 Million |
|
T Scientific Co.Ltd
KQ:057680
|
$16.66 Million |
|
Good Way Technology Co Ltd
TWO:3272
|
$16.67 Million |
|
BRIOSCHI (BFX.SG)
STU:BFX
|
$16.68 Million |
|
Strategic Minerals Plc
PINK:SMCDF
|
$16.65 Million |
|
Kimia Farma Persero Tbk
JK:KAEF
|
$16.65 Million |
|
Hove AS
CO:HOVE
|
$16.64 Million |
|
Pierre & Vacances
LSE:0OQ0
|
$16.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Steamships Trading Company Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,067,425,000 to 1,113,857,244, a change of 46,432,244 (4.3%).
- Net income of 71,628,109 contributed positively to equity growth.
- Dividend payments of 23,184,606 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$71.63 Million | +6.43% |
| Dividends Paid | AU$23.18 Million | -2.08% |
| Other Changes | AU$-2.01 Million | -0.18% |
| Total Change | AU$- | 4.35% |
Book Value vs Market Value Analysis
This analysis compares Steamships Trading Company Ltd'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: 0.28x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.26x to 0.28x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1988-12-31 | AU$3.10 | AU$10.10 | x |
| 1989-12-31 | AU$2.70 | AU$10.10 | x |
| 1992-12-31 | AU$3.97 | AU$10.10 | x |
| 1993-12-31 | AU$4.71 | AU$10.10 | x |
| 1994-12-31 | AU$3.77 | AU$10.10 | x |
| 1995-12-31 | AU$4.12 | AU$10.10 | x |
| 1996-12-31 | AU$3.45 | AU$10.10 | x |
| 1997-12-31 | AU$3.55 | AU$10.10 | x |
| 1998-12-31 | AU$3.13 | AU$10.10 | x |
| 1999-12-31 | AU$5.30 | AU$10.10 | x |
| 2000-12-31 | AU$4.53 | AU$10.10 | x |
| 2001-12-31 | AU$5.46 | AU$10.10 | x |
| 2002-12-31 | AU$5.54 | AU$10.10 | x |
| 2003-12-31 | AU$5.72 | AU$10.10 | x |
| 2004-12-31 | AU$6.01 | AU$10.10 | x |
| 2005-12-31 | AU$7.11 | AU$10.10 | x |
| 2006-12-31 | AU$7.84 | AU$10.10 | x |
| 2007-12-31 | AU$8.98 | AU$10.10 | x |
| 2008-12-31 | AU$10.54 | AU$10.10 | x |
| 2009-12-31 | AU$12.19 | AU$10.10 | x |
| 2010-12-31 | AU$14.59 | AU$10.10 | x |
| 2011-12-31 | AU$18.66 | AU$10.10 | x |
| 2012-12-31 | AU$21.84 | AU$10.10 | x |
| 2013-12-31 | AU$23.12 | AU$10.10 | x |
| 2014-12-31 | AU$23.73 | AU$10.10 | x |
| 2015-12-31 | AU$25.45 | AU$10.10 | x |
| 2016-12-31 | AU$26.86 | AU$10.10 | x |
| 2017-12-31 | AU$29.99 | AU$10.10 | x |
| 2018-12-31 | AU$29.68 | AU$10.10 | x |
| 2019-12-31 | AU$28.54 | AU$10.10 | x |
| 2020-12-31 | AU$30.54 | AU$10.10 | x |
| 2021-12-31 | AU$32.40 | AU$10.10 | x |
| 2022-12-31 | AU$33.12 | AU$10.10 | x |
| 2023-12-31 | AU$33.95 | AU$10.10 | x |
| 2024-12-31 | AU$34.42 | AU$10.10 | x |
| 2025-12-31 | AU$35.93 | AU$10.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Steamships Trading Company Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.43%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.40%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.72x
- Recent ROE (6.43%) is below the historical average (8.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1988 | -1.29% | 0.00% | 0.00x | 1.97x | AU$-10.29 Million |
| 1989 | -2.77% | 0.00% | 0.00x | 2.14x | AU$-10.13 Million |
| 1992 | -1.45% | 0.00% | 0.00x | 1.82x | AU$-14.10 Million |
| 1993 | -1.24% | 0.00% | 0.00x | 1.81x | AU$-15.16 Million |
| 1994 | -1.18% | 0.00% | 0.00x | 1.80x | AU$-12.00 Million |
| 1995 | -0.29% | 0.00% | 0.00x | 1.70x | AU$-11.05 Million |
| 1996 | -2.69% | 0.00% | 0.00x | 1.75x | AU$-13.56 Million |
| 1997 | -1.60% | 0.00% | 0.00x | 1.83x | AU$-12.77 Million |
| 1998 | 2.89% | 0.00% | 0.00x | 2.00x | AU$-6.90 Million |
| 1999 | -2.03% | 0.00% | 0.00x | 2.01x | AU$-19.70 Million |
| 2000 | 6.67% | 3.42% | 1.01x | 1.93x | AU$-5.66 Million |
| 2001 | -1.02% | -0.54% | 1.03x | 1.84x | AU$-18.61 Million |
| 2002 | 0.19% | 0.08% | 1.18x | 1.87x | AU$-16.87 Million |
| 2003 | -1.35% | -0.68% | 1.14x | 1.75x | AU$-20.12 Million |
| 2004 | -1.63% | -2.25% | 0.47x | 1.56x | AU$-21.67 Million |
| 2005 | 18.25% | 10.87% | 1.12x | 1.50x | AU$18.17 Million |
| 2006 | 19.54% | 14.12% | 0.94x | 1.48x | AU$23.18 Million |
| 2007 | 26.63% | 18.23% | 0.94x | 1.55x | AU$46.31 Million |
| 2008 | 27.61% | 19.37% | 0.84x | 1.69x | AU$57.55 Million |
| 2009 | 25.54% | 19.47% | 0.54x | 2.41x | AU$58.75 Million |
| 2010 | 25.74% | 15.02% | 0.69x | 2.47x | AU$71.21 Million |
| 2011 | 27.35% | 17.20% | 0.72x | 2.22x | AU$100.41 Million |
| 2012 | 26.24% | 18.02% | 0.66x | 2.20x | AU$109.98 Million |
| 2013 | 16.32% | 12.57% | 0.59x | 2.18x | AU$45.35 Million |
| 2014 | 12.05% | 9.41% | 0.58x | 2.21x | AU$15.06 Million |
| 2015 | 12.54% | 12.80% | 0.48x | 2.06x | AU$20.07 Million |
| 2016 | 10.11% | 11.49% | 0.48x | 1.84x | AU$909.40K |
| 2017 | 4.93% | 5.88% | 0.48x | 1.75x | AU$-42.68 Million |
| 2018 | 6.92% | 11.36% | 0.37x | 1.64x | AU$-28.33 Million |
| 2019 | 5.65% | 8.54% | 0.40x | 1.64x | AU$-38.51 Million |
| 2020 | 8.33% | 15.61% | 0.34x | 1.57x | AU$-15.83 Million |
| 2021 | 9.01% | 16.06% | 0.37x | 1.51x | AU$-9.92 Million |
| 2022 | 5.65% | 9.19% | 0.42x | 1.48x | AU$-44.72 Million |
| 2023 | 5.52% | 8.85% | 0.39x | 1.62x | AU$-47.12 Million |
| 2024 | 4.29% | 6.28% | 0.41x | 1.65x | AU$-60.90 Million |
| 2025 | 6.43% | 8.40% | 0.44x | 1.72x | AU$-39.76 Million |
Industry Comparison
This section compares Steamships Trading Company Ltd's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $221,925,625
- Average return on equity (ROE) among peers: -0.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Steamships Trading Company Ltd (SST) | AU$1.13 Billion | -1.29% | 0.69x | $16.65 Million |
| Dalrymple Bay Infrastructure Ltd (DBI) | $1.06 Billion | 12.22% | 2.34x | $1.46 Billion |
| Freightways Group Ltd (FRW) | $356.61 Million | 19.66% | 2.05x | $1.18 Billion |
| K & S Corporation Ltd (KSC) | $40.69 Million | -0.01% | 1.52x | $26.74 Million |
| Move Logistics Group Ltd (MOV) | $36.93 Million | 5.46% | 8.33x | $5.70 Million |
| Orcoda Ltd (ODA) | $10.20 Million | -77.61% | 0.13x | $2.57 Million |
| PRL Global Ltd (PRG) | $236.99 Million | 9.23% | 1.04x | $43.86 Million |
| Silk Logistics Holdings Ltd (SLH) | $18.82 Million | 24.44% | 2.58x | $50.08 Million |
| Wiseway Group Ltd (WWG) | $19.00 Million | 3.21% | 2.36x | $8.50 Million |