S.D. STANDARD ETC DL-03 (S1P) - Net Assets
Based on the latest financial reports, S.D. STANDARD ETC DL-03 (S1P) has net assets worth €118.94 Million EUR (≈ $139.06 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 (€121.10 Million ≈ $141.58 Million USD) and total liabilities (€2.15 Million ≈ $2.52 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 S1P total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €118.94 Million |
| % of Total Assets | 98.22% |
| Annual Growth Rate | 4.61% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 21.21 |
S.D. STANDARD ETC DL-03 - Net Assets Trend (2021–2025)
This chart illustrates how S.D. STANDARD ETC DL-03's net assets have evolved over time, based on quarterly financial data. Check how tangible is S.D. STANDARD ETC DL-03's equity to evaluate the tangible quality of the company's equity base.
Annual Net Assets for S.D. STANDARD ETC DL-03 (2021–2025)
The table below shows the annual net assets of S.D. STANDARD ETC DL-03 from 2021 to 2025. For live valuation and market cap data, see S1P stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €118.94 Million ≈ $139.06 Million |
+1.76% |
| 2024-12-31 | €116.89 Million ≈ $136.65 Million |
-17.91% |
| 2023-12-31 | €142.38 Million ≈ $166.46 Million |
+1.99% |
| 2022-12-31 | €139.60 Million ≈ $163.21 Million |
+40.58% |
| 2021-12-31 | €99.30 Million ≈ $116.10 Million |
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Equity Component Analysis
This analysis shows how different components contribute to S.D. STANDARD ETC DL-03'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 23.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €103.21 Million | 86.77% |
| Other Components | €15.73 Million | 13.23% |
| Total Equity | €118.94 Million | 100.00% |
S.D. STANDARD ETC DL-03 Competitors by Market Cap
The table below lists competitors of S.D. STANDARD ETC DL-03 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hwa Fong Rubber (Thailand) Public Company Limited
BK:HFT
|
$82.09 Million |
|
Transaction Capital
JSE:TCP
|
$82.11 Million |
|
PVP Ventures Limited
NSE:PVP
|
$82.12 Million |
|
LG HelloVision Corp
KO:037560
|
$82.14 Million |
|
Para Light Electronics Co Ltd
TW:6226
|
$82.08 Million |
|
Future Vision II Acquisition Corporation Ordinary shares
NASDAQ:FVN
|
$82.08 Million |
|
Power Metals Corp
V:PWM
|
$82.06 Million |
|
Western Energy Services Corp.
TO:WRG
|
$82.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in S.D. STANDARD ETC DL-03's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 116,888,000 to 118,942,000, a change of 2,054,000 (1.8%).
- Net income of 3,499,000 contributed positively to equity growth.
- Other factors decreased equity by 1,445,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €3.50 Million | +2.94% |
| Other Changes | €-1.45 Million | -1.21% |
| Total Change | €- | 1.76% |
Book Value vs Market Value Analysis
This analysis compares S.D. STANDARD ETC DL-03'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: 0.68x
- 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 0.82x to 0.68x 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 | €0.19 | €0.15 | x |
| 2022-12-31 | €0.27 | €0.15 | x |
| 2023-12-31 | €0.27 | €0.15 | x |
| 2024-12-31 | €0.22 | €0.15 | x |
| 2025-12-31 | €0.23 | €0.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently S.D. STANDARD ETC DL-03 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): 2.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.02x
- Recent ROE (2.94%) is below the historical average (6.68%), 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 | 13.83% | 0.00% | 0.00x | 1.00x | €3.81 Million |
| 2022 | 28.49% | 0.00% | 0.00x | 1.00x | €25.81 Million |
| 2023 | 1.82% | 0.00% | 0.00x | 1.02x | €-11.65 Million |
| 2024 | -13.68% | 0.00% | 0.00x | 1.01x | €-27.67 Million |
| 2025 | 2.94% | 0.00% | 0.00x | 1.02x | €-8.40 Million |
Industry Comparison
This section compares S.D. STANDARD ETC DL-03'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: $6,514,046,386
- Average return on equity (ROE) among peers: 6.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| S.D. STANDARD ETC DL-03 (S1P) | €118.94 Million | 13.83% | 0.02x | $82.08 Million |
| Petrolia SE (0PE) | $41.40 Million | -2.09% | 0.72x | $30.70 Million |
| TechnipFMC PLC (1T1) | $3.28 Billion | -3.27% | 1.88x | $23.79 Billion |
| Honghua Group Limited (4HB) | $4.96 Billion | 10.84% | 1.87x | $152.22 Million |
| Anton Oilfield Services Group (5AO) | $3.30 Billion | 8.90% | 1.42x | $259.69 Million |
| HILONG HOLDING LTD HD-10 (8HL) | $3.33 Billion | 4.47% | 1.39x | $39.87 Million |
| GAZTR.TECHNI.U.ADR1/5EO01 (9TG0) | $259.83 Million | 49.36% | 0.86x | $7.76 Billion |
| China Oilfield Services Limited (CO9) | $34.68 Billion | 0.20% | 1.15x | $1.55 Billion |
| CIMC Enric Holdings Limited (E8F) | $13.11 Billion | 8.35% | 1.24x | $1.88 Billion |
| GULF MARINE SVCS LS -02 (G0M) | $422.26 Million | 4.47% | 0.66x | $241.95 Million |
| Shengli Oil & Gas Pipe Holdings Limited (GSG) | $1.77 Billion | -11.90% | 0.86x | $24.91 Million |
About S.D. STANDARD ETC DL-03
S.D. Standard ETC Plc, an investment holding company, focuses on energy, transport, and commodities segments. S.D. Standard ETC Plc was incorporated in 2010 and is headquartered in Limassol, Cyprus.