StealthGas Inc (S6W) - Net Assets
Based on the latest financial reports, StealthGas Inc (S6W) has net assets worth €690.33 Million EUR (≈ $807.06 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 (€711.69 Million ≈ $832.04 Million USD) and total liabilities (€21.36 Million ≈ $24.98 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 balance sheet size of StealthGas Inc for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €690.33 Million |
| % of Total Assets | 97.0% |
| Annual Growth Rate | 3.21% |
| 5-Year Change | 45.4% |
| 10-Year Change | 20.27% |
| Growth Volatility | 9.85 |
StealthGas Inc - Net Assets Trend (2013–2025)
This chart illustrates how StealthGas Inc's net assets have evolved over time, based on quarterly financial data. Check S6W intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for StealthGas Inc (2013–2025)
The table below shows the annual net assets of StealthGas Inc from 2013 to 2025. For live valuation and market cap data, see StealthGas Inc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €690.33 Million ≈ $807.06 Million |
+10.18% |
| 2024-12-31 | €626.53 Million ≈ $732.48 Million |
+13.98% |
| 2023-12-31 | €549.66 Million ≈ $642.61 Million |
+6.13% |
| 2022-12-31 | €517.93 Million ≈ $605.51 Million |
+9.09% |
| 2021-12-31 | €474.77 Million ≈ $555.06 Million |
-15.91% |
| 2020-12-31 | €564.60 Million ≈ $660.07 Million |
+0.97% |
| 2019-12-31 | €559.19 Million ≈ $653.75 Million |
-0.37% |
| 2018-12-31 | €561.25 Million ≈ $656.16 Million |
-2.13% |
| 2017-12-31 | €573.48 Million ≈ $670.46 Million |
-0.09% |
| 2016-12-31 | €573.98 Million ≈ $671.04 Million |
-1.56% |
| 2015-12-31 | €583.05 Million ≈ $681.65 Million |
-1.58% |
| 2014-12-31 | €592.39 Million ≈ $692.57 Million |
+25.35% |
| 2013-12-31 | €472.59 Million ≈ $552.51 Million |
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Equity Component Analysis
This analysis shows how different components contribute to StealthGas Inc'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 217.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €276.50 Million | 40.05% |
| Other Components | €413.82 Million | 59.95% |
| Total Equity | €690.33 Million | 100.00% |
StealthGas Inc Competitors by Market Cap
The table below lists competitors of StealthGas Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nexpoint Real Estate Finance Inc
NYSE:NREF
|
$316.18 Million |
|
PARKEN Sport & Entertainment
CO:PARKEN
|
$316.22 Million |
|
Fortune Ng Fung Food Hebei Co Ltd
SHG:600965
|
$316.28 Million |
|
Sword Group S.E
F:9RS
|
$316.28 Million |
|
Doubleview Gold Corp
V:DBG
|
$316.07 Million |
|
Harbin VITI Electronics Corp
SHG:603023
|
$316.06 Million |
|
VT GMP Co.Ltd
KQ:018290
|
$316.05 Million |
|
Australian Clinical Labs Ltd
AU:ACL
|
$316.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in StealthGas Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 626,526,814 to 690,326,610, a change of 63,799,796 (10.2%).
- Net income of 60,648,616 contributed positively to equity growth.
- Share repurchases of 1,784,712 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €60.65 Million | +8.79% |
| Share Repurchases | €1.78 Million | -0.26% |
| Other Changes | €4.94 Million | +0.72% |
| Total Change | €- | 10.18% |
Book Value vs Market Value Analysis
This analysis compares StealthGas Inc'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: 0.40x
- 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 0.51x to 0.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €14.39 | €7.40 | x |
| 2018-12-31 | €13.99 | €7.40 | x |
| 2019-12-31 | €14.13 | €7.40 | x |
| 2020-12-31 | €14.91 | €7.40 | x |
| 2021-12-31 | €12.43 | €7.40 | x |
| 2022-12-31 | €13.56 | €7.40 | x |
| 2023-12-31 | €15.21 | €7.40 | x |
| 2024-12-31 | €16.91 | €7.40 | x |
| 2025-12-31 | €18.56 | €7.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently StealthGas Inc 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): 8.79%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 35.02%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 1.03x
- Recent ROE (8.79%) is above the historical average (2.65%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 4.49% | 17.47% | 0.14x | 1.80x | €-26.04 Million |
| 2014 | 2.14% | 9.61% | 0.14x | 1.59x | €-46.55 Million |
| 2015 | 0.44% | 1.82% | 0.14x | 1.78x | €-55.74 Million |
| 2016 | -1.36% | -5.41% | 0.14x | 1.75x | €-65.20 Million |
| 2017 | -0.21% | -0.79% | 0.15x | 1.74x | €-58.57 Million |
| 2018 | -2.19% | -7.47% | 0.16x | 1.85x | €-68.40 Million |
| 2019 | 0.37% | 1.45% | 0.15x | 1.71x | €-53.83 Million |
| 2020 | 2.12% | 8.26% | 0.15x | 1.67x | €-44.48 Million |
| 2021 | -7.40% | -23.38% | 0.19x | 1.68x | €-82.60 Million |
| 2022 | 6.61% | 22.42% | 0.19x | 1.59x | €-17.54 Million |
| 2023 | 9.45% | 36.19% | 0.21x | 1.27x | €-3.03 Million |
| 2024 | 11.15% | 41.77% | 0.23x | 1.17x | €7.21 Million |
| 2025 | 8.79% | 35.02% | 0.24x | 1.03x | €-8.38 Million |
Industry Comparison
This section compares StealthGas Inc's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $13,831,870,637
- Average return on equity (ROE) among peers: 24.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| StealthGas Inc (S6W) | €690.33 Million | 4.49% | 0.03x | $316.08 Million |
| 2020 Bulkers Ltd. (0FF) | $151.90 Million | 50.23% | 0.76x | $7.53 Million |
| EURODRY LTD. DL -01 (0LQ) | $102.51 Million | -4.16% | 1.07x | $52.61 Million |
| Qingdao Port International Co. Ltd (0QP) | $41.28 Billion | 10.96% | 0.39x | $950.81 Million |
| ZIM Integrated Shipping Services Ltd. (2SV) | $274.45 Million | 188.74% | 9.29x | $2.63 Billion |
| HAV GROUP ASA (6HH) | $91.39 Million | 4.97% | 6.50x | $41.65 Million |
| MERCANTILE PORTS+LOGI.LTD (9KS0) | $73.63 Million | -28.82% | 0.72x | $178.16K |
| Ardmore Shipping Corporation (A61) | $506.44 Million | 27.34% | 0.43x | $651.21 Million |
| BW LPG Limited (BW9) | $1.60 Billion | 14.24% | 0.60x | $2.25 Billion |
| COSCO SHIPPING Holdings Co. Ltd (C6G) | $37.55 Billion | -26.38% | 2.19x | $5.28 Billion |
| A.P.MOELL-M.B U.ADR 1/200 (DP4H) | $56.70 Billion | 4.81% | 0.56x | $11.30 Billion |
About StealthGas Inc
StealthGas Inc., together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. The company's LPG carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer, as well as ammonia. It also offers crude oil and natural gas. The compan… Read more