PERFORMANCE SHIPP. (DS2) - Net Assets
Based on the latest financial reports, PERFORMANCE SHIPP. (DS2) has net assets worth €316.28 Million EUR (≈ $369.77 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 (€554.31 Million ≈ $648.05 Million USD) and total liabilities (€238.03 Million ≈ $278.28 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 PERFORMANCE SHIPP. (DS2) total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €316.28 Million |
| % of Total Assets | 57.06% |
| Annual Growth Rate | 46.59% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 24.6 |
PERFORMANCE SHIPP. - Net Assets Trend (2021–2024)
This chart illustrates how PERFORMANCE SHIPP.'s net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of PERFORMANCE SHIPP. for the complete picture of this company's asset base.
Annual Net Assets for PERFORMANCE SHIPP. (2021–2024)
The table below shows the annual net assets of PERFORMANCE SHIPP. from 2021 to 2024. For live valuation and market cap data, see PERFORMANCE SHIPP. market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €275.24 Million ≈ $321.79 Million |
+18.04% |
| 2023-12-31 | €233.18 Million ≈ $272.62 Million |
+49.76% |
| 2022-12-31 | €155.71 Million ≈ $182.04 Million |
+78.26% |
| 2021-12-31 | €87.35 Million ≈ $102.12 Million |
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Equity Component Analysis
This analysis shows how different components contribute to PERFORMANCE SHIPP.'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 11092100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €534.46 Million | 194.18% |
| Total Equity | €275.24 Million | 100.00% |
PERFORMANCE SHIPP. Competitors by Market Cap
The table below lists competitors of PERFORMANCE SHIPP. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Curvebeam Ai Ltd
AU:CVB
|
$19.94 Million |
|
Inbar Group Finance Ltd
TA:INBR
|
$19.95 Million |
|
Pion Group AB Series B
ST:PION-B
|
$19.96 Million |
|
Sensen Networks Ltd
AU:SNS
|
$19.97 Million |
|
DUET Acquisition Corp
NASDAQ:DUET
|
$19.94 Million |
|
DistIT AB (publ)
ST:DIST
|
$19.94 Million |
|
Media 6 SA
PA:EDI
|
$19.93 Million |
|
Adagio Medical Holdings, Inc Common Stock
NASDAQ:ADGM
|
$19.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PERFORMANCE SHIPP.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 233,184,000 to 275,243,000, a change of 42,059,000 (18.0%).
- Net income of 43,730,000 contributed positively to equity growth.
- Dividend payments of 1,833,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €43.73 Million | +15.89% |
| Dividends Paid | €1.83 Million | -0.67% |
| Other Changes | €162.00K | +0.06% |
| Total Change | €- | 18.04% |
Book Value vs Market Value Analysis
This analysis compares PERFORMANCE SHIPP.'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: 0.07x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €257.78 | €1.56 | x |
| 2022-12-31 | €37.18 | €1.56 | x |
| 2023-12-31 | €18.99 | €1.56 | x |
| 2024-12-31 | €22.14 | €1.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PERFORMANCE SHIPP. 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): 15.89%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 50.01%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 1.20x
- Recent ROE (15.89%) is above the historical average (14.46%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -11.11% | -26.60% | 0.25x | 1.66x | €-18.44 Million |
| 2022 | 23.31% | 48.29% | 0.26x | 1.88x | €20.73 Million |
| 2023 | 29.77% | 63.72% | 0.37x | 1.27x | €46.09 Million |
| 2024 | 15.89% | 50.01% | 0.26x | 1.20x | €16.21 Million |
Industry Comparison
This section compares PERFORMANCE SHIPP.'s net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $17,967,544,570
- Average return on equity (ROE) among peers: 19.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PERFORMANCE SHIPP. (DS2) | €316.28 Million | -11.11% | 0.75x | $19.94 Million |
| 2020 Bulkers Ltd. (0FF) | $151.90 Million | 50.23% | 0.76x | $8.43 Million |
| Qingdao Port International Co. Ltd (0QP) | $15.48 Billion | 14.12% | 1.47x | $1.05 Billion |
| ZIM Integrated Shipping Services Ltd. (2SV) | $4.04 Billion | 53.13% | 1.82x | $3.10 Billion |
| HAV GROUP ASA (6HH) | $112.54 Million | -0.42% | 3.26x | $28.14 Million |
| Ardmore Shipping Corporation (A61) | $320.33 Million | -1.89% | 1.35x | $534.92 Million |
| BW LPG Limited (BW9) | $1.94 Billion | 18.29% | 0.71x | $2.25 Billion |
| COSCO SHIPPING Holdings Co. Ltd (C6G) | $78.70 Billion | 12.61% | 2.46x | $5.29 Billion |
| A.P.MOELL-M.B U.ADR 1/200 (DP4H) | $57.95 Billion | 10.54% | 0.51x | $11.30 Billion |
| DANAOS CORP. DL -01 (DVW1) | $3.02 Billion | 19.11% | 0.21x | $1.82 Billion |
About PERFORMANCE SHIPP.
Performance Shipping Inc. provides shipping transportation services through its tanker vessels worldwide. As of December 31, 2024, it operated through a fleet of six Aframax tanker vessels with a combined carrying capacity of 630,519 DWT. The company was incorporated in 2010 and is based in Athens, Greece.