EUROSEAS LTD DL -01 (2LE1) - Net Assets
Based on the latest financial reports, EUROSEAS LTD DL -01 (2LE1) has net assets worth €490.69 Million EUR (≈ $573.67 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€722.68 Million ≈ $844.89 Million USD) and total liabilities (€231.99 Million ≈ $271.22 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. See 2LE1 equity to assets ratio to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €490.69 Million |
| % of Total Assets | 67.9% |
| Annual Growth Rate | 56.7% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 35.6 |
EUROSEAS LTD DL -01 - Net Assets Trend (2021–2025)
This chart illustrates how EUROSEAS LTD DL -01's net assets have evolved over time, based on quarterly financial data. Also explore how fast is EUROSEAS LTD DL -01 growing its equity to track the company's year-over-year net asset growth rate.
Annual Net Assets for EUROSEAS LTD DL -01 (2021–2025)
The table below shows the annual net assets of EUROSEAS LTD DL -01 from 2021 to 2025. For live market cap and overall valuation, see EUROSEAS LTD DL -01 market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €463.44 Million ≈ $541.81 Million |
+27.69% |
| 2024-12-31 | €362.95 Million ≈ $424.33 Million |
+36.15% |
| 2023-12-31 | €266.58 Million ≈ $311.65 Million |
+58.53% |
| 2022-12-31 | €168.16 Million ≈ $196.59 Million |
+118.79% |
| 2021-12-31 | €76.86 Million ≈ $89.85 Million |
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Equity Component Analysis
This analysis shows how different components contribute to EUROSEAS LTD DL -01'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 39247872000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €204.51 Million | 44.13% |
| Other Components | €258.94 Million | 55.87% |
| Total Equity | €463.44 Million | 100.00% |
EUROSEAS LTD DL -01 Competitors by Market Cap
The table below lists competitors of EUROSEAS LTD DL -01 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Universal Logistics Holdings Inc
NASDAQ:ULH
|
$434.71 Million |
|
Neuropace Inc
NASDAQ:NPCE
|
$434.89 Million |
|
Beijing Dynamic Power Co Ltd
SHG:600405
|
$434.93 Million |
|
Zhongxing Shenyang Commercial Building Group Co Ltd
SHE:000715
|
$434.95 Million |
|
Eupraxia Pharmaceuticals Inc. Common Stock
NASDAQ:EPRX
|
$434.59 Million |
|
Yunnan Jinggu Forestry Co Ltd
SHG:600265
|
$434.58 Million |
|
Oceana
JSE:OCE
|
$434.52 Million |
|
DRB - Hicom Bhd
KLSE:1619
|
$434.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in EUROSEAS LTD DL -01's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 362,949,832 to 463,443,787, a change of 100,493,955 (27.7%).
- Net income of 136,967,379 contributed positively to equity growth.
- Dividend payments of 18,956,612 reduced retained earnings.
- Share repurchases of 2,122,174 reduced equity.
- Other factors decreased equity by 15,394,638.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €136.97 Million | +29.55% |
| Dividends Paid | €18.96 Million | -4.09% |
| Share Repurchases | €2.12 Million | -0.46% |
| Other Changes | €-15.39 Million | -3.32% |
| Total Change | €- | 27.69% |
Book Value vs Market Value Analysis
This analysis compares EUROSEAS LTD DL -01'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: 0.99x
- 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 6.14x to 0.99x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €10.54 | €64.70 | x |
| 2022-12-31 | €23.63 | €64.70 | x |
| 2023-12-31 | €38.00 | €64.70 | x |
| 2024-12-31 | €51.50 | €64.70 | x |
| 2025-12-31 | €65.68 | €64.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently EUROSEAS LTD DL -01 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): 29.55%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 60.11%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.51x
- Recent ROE (29.55%) is below the historical average (44.54%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 55.90% | 45.76% | 0.42x | 2.88x | €35.28 Million |
| 2022 | 63.18% | 58.15% | 0.56x | 1.95x | €89.43 Million |
| 2023 | 42.97% | 60.49% | 0.45x | 1.59x | €87.89 Million |
| 2024 | 31.07% | 52.97% | 0.36x | 1.63x | €76.48 Million |
| 2025 | 29.55% | 60.11% | 0.33x | 1.51x | €90.62 Million |
Industry Comparison
This section compares EUROSEAS LTD DL -01's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $12,229,517,649
- Average return on equity (ROE) among peers: 26.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| EUROSEAS LTD DL -01 (2LE1) | €490.69 Million | 55.90% | 0.47x | $434.61 Million |
| 2020 Bulkers Ltd. (0FF) | $148.40 Million | 19.88% | 0.82x | $7.80 Million |
| EURODRY LTD. DL -01 (0LQ) | $78.92 Million | 39.47% | 1.04x | $52.61 Million |
| Qingdao Port International Co. Ltd (0QP) | $33.60 Billion | 11.28% | 0.57x | $1.10 Billion |
| ZIM Integrated Shipping Services Ltd. (2SV) | $4.60 Billion | 100.89% | 1.14x | $2.63 Billion |
| HAV GROUP ASA (6HH) | $152.48 Million | 49.65% | 2.86x | $42.17 Million |
| MERCANTILE PORTS+LOGI.LTD (9KS0) | $100.21 Million | -6.00% | 0.54x | $178.16K |
| Ardmore Shipping Corporation (A61) | $326.06 Million | -7.01% | 1.37x | $635.25 Million |
| BW LPG Limited (BW9) | $1.94 Billion | 18.29% | 0.71x | $2.25 Billion |
| COSCO SHIPPING Holdings Co. Ltd (C6G) | $69.13 Billion | 9.79% | 2.79x | $6.13 Billion |
About EUROSEAS LTD DL -01
Euroseas Ltd. provides ocean-going transportation services in Greece and internationally. The company owns and operates containerships that transport dry and refrigerated containerized cargoes, including manufactured products and perishables. As of April 15, 2026, it had a fleet of 21 containerships, including 15 Feeder containerships and 6 Intermediate containerships with a cargo of 61,144 TEU. … Read more