GULF MARINE SVCS LS -02 (G0M) - Net Assets
Based on the latest financial reports, GULF MARINE SVCS LS -02 (G0M) has net assets worth €422.26 Million EUR (≈ $493.67 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€699.93 Million ≈ $818.29 Million USD) and total liabilities (€277.66 Million ≈ $324.62 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. Also explore GULF MARINE SVCS LS -02 (G0M) total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €422.26 Million |
| % of Total Assets | 60.33% |
| Annual Growth Rate | 12.6% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 2.77 |
GULF MARINE SVCS LS -02 - Net Assets Trend (2021–2025)
This chart illustrates how GULF MARINE SVCS LS -02's net assets have evolved over time, based on quarterly financial data. Check G0M tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for GULF MARINE SVCS LS -02 (2021–2025)
The table below shows the annual net assets of GULF MARINE SVCS LS -02 from 2021 to 2025. For live valuation and market cap data, see G0M company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €422.26 Million ≈ $493.67 Million |
+10.34% |
| 2024-12-31 | €382.70 Million ≈ $447.41 Million |
+15.87% |
| 2023-12-31 | €330.28 Million ≈ $386.13 Million |
+14.85% |
| 2022-12-31 | €287.57 Million ≈ $336.20 Million |
+9.47% |
| 2021-12-31 | €262.71 Million ≈ $307.13 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to GULF MARINE SVCS LS -02'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 102.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €251.57 Million | 60.08% |
| Other Components | €167.13 Million | 39.92% |
| Total Equity | €418.70 Million | 100.00% |
GULF MARINE SVCS LS -02 Competitors by Market Cap
The table below lists competitors of GULF MARINE SVCS LS -02 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Langfang Development Co Ltd
SHG:600149
|
$241.99 Million |
|
Energy One Ltd
AU:EOL
|
$242.00 Million |
|
Vine Hill Capital Investment Corp. Class A Ordinary Shares
NASDAQ:VCIC
|
$242.00 Million |
|
Cogelec SA
PA:ALLEC
|
$242.29 Million |
|
Pan Malaysia Holdings Bhd
KLSE:1287
|
$241.95 Million |
|
VS Industry Bhd
KLSE:6963
|
$241.94 Million |
|
Sino AG
XETRA:XTP
|
$241.93 Million |
|
Pecca Group Bhd
KLSE:5271
|
$241.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GULF MARINE SVCS LS -02's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 379,698,000 to 418,703,000, a change of 39,005,000 (10.3%).
- Net income of 18,895,000 contributed positively to equity growth.
- New share issuances of 6,072,000 increased equity.
- Other factors increased equity by 14,038,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €18.89 Million | +4.51% |
| Share Issuances | €6.07 Million | +1.45% |
| Other Changes | €14.04 Million | +3.35% |
| Total Change | €- | 10.27% |
Book Value vs Market Value Analysis
This analysis compares GULF MARINE SVCS LS -02'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: 0.54x
- 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 0.77x to 0.54x 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 | €0.26 | €0.20 | x |
| 2022-12-31 | €0.28 | €0.20 | x |
| 2023-12-31 | €0.32 | €0.20 | x |
| 2024-12-31 | €0.35 | €0.20 | x |
| 2025-12-31 | €0.36 | €0.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GULF MARINE SVCS LS -02 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): 4.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.04%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.67x
- Recent ROE (4.51%) is below the historical average (9.58%), 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 | 11.89% | 26.93% | 0.17x | 2.59x | €4.92 Million |
| 2022 | 8.87% | 19.02% | 0.20x | 2.31x | €-3.23 Million |
| 2023 | 12.62% | 27.27% | 0.23x | 2.04x | €8.59 Million |
| 2024 | 10.00% | 22.67% | 0.25x | 1.80x | €6.20K |
| 2025 | 4.51% | 10.04% | 0.27x | 1.67x | €-22.98 Million |
Industry Comparison
This section compares GULF MARINE SVCS LS -02's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $6,650,859,914
- Average return on equity (ROE) among peers: 11.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GULF MARINE SVCS LS -02 (G0M) | €422.26 Million | 11.89% | 0.66x | $241.95 Million |
| Petrolia SE (0PE) | $34.99 Million | -21.40% | 0.77x | $30.70 Million |
| TechnipFMC PLC (1T1) | $3.14 Billion | 26.86% | 2.14x | $23.79 Billion |
| Honghua Group Limited (4HB) | $4.49 Billion | 1.10% | 1.67x | $152.22 Million |
| Anton Oilfield Services Group (5AO) | $3.61 Billion | 6.72% | 1.83x | $261.25 Million |
| HILONG HOLDING LTD HD-10 (8HL) | $3.32 Billion | 3.18% | 1.38x | $39.87 Million |
| GAZTR.TECHNI.U.ADR1/5EO01 (9TG0) | $589.70 Million | 70.14% | 0.77x | $7.76 Billion |
| China Oilfield Services Limited (CO9) | $36.91 Billion | 6.78% | 1.06x | $1.61 Billion |
| CIMC Enric Holdings Limited (E8F) | $7.38 Billion | 12.34% | 1.15x | $2.10 Billion |
| Shengli Oil & Gas Pipe Holdings Limited (GSG) | $378.99 Million | -4.99% | 1.66x | $22.65 Million |
About GULF MARINE SVCS LS -02
Gulf Marine Services PLC, together with its subsidiaries, operates self-propelled self-elevating support vessels (SESVs) in the United Arab Emirates, the Kingdom of Saudi Arabia, Qatar, and Europe. It operates through K-Class Vessels, S-Class Vessels, and E-Class Vessels segments. The company offers offshore construction and heavy lifting, accommodation and hotel, well intervention and work over … Read more